Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishGold is in an upward move. On May 6, the bulls broke the resistance at $1,800 as price rallied to $1,840. Gold pulled back and resumed upward move. On May 13 uptrend, a retraced candle body tested the 61.8% Fibonacci […]
Gold is traded at 1,831 lower versus 1,843 Friday’s high signaling exhaustion in the short term after the last bullish momentum. The yellow metal has rallied as the USD has resumed its depreciation after poor NFP data. XAU/USD was bullish, so the upwards movement was somehow expected. Now it has reached strong resistance, so we […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishGold price has resumed upward move after breaking the resistance at $1,780. The market pullback to retest the $1,780 support and then resumed upward. This signals the resumption of an upward move. Meanwhile, on April 22 uptrend, a retraced candle […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishGold was in a brief uptrend as the market rallied to a high of level $1.797.72. The pair was repelled in the $1,800 resistance zone. Presently, the market is fluctuating below the recent high. On April 8 uptrend; the retraced […]
Key Support: 1770 Key resistance: 1783.50 – 1800 Gold is in a mayor bullish move since it bottomed at 1678 at the end of march following a very stable structure. Based on Elliot Wave, we are approaching the end of wave 4 which is the second pullback on a 5 wave bullish move. Right now, […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishGold is in a brief uptrend as price reaches a high of $1,800. The resistance at $1,800 and $1,810 are historical price levels of February 23. The uptrend is facing resistance at the recent highs. Similarly, on April 8 uptrend; […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishGold has been fluctuating between levels $1,680 and $1,740 for the past month. Today, XAUUSD has broken above the upper price range. If the current bullish momentum is sustained, the uptrend will continue. Daily Chart Indicators Reading:The gold price has […]
Gold remains very attractive for traders and investors as the risk-off sentiment dominates the markets. The yellow metal has decreased a little in the short term but the bias remains bullish. It’s traded at 1,747.01 at the time of writing and it could resume its growth after making a new higher high. The US is […]
Gold is trading in the red at the time of writing after failing to close above 1,749.00 yesterday’s high. The price has decreased to test and retest the immediate downside obstacles. It remains to see if the buyers will be strong enough to keep the price in the bullish territory. The current decline could be […]
