Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishXAUUSD upward move is facing rejection at the $1,834.19 high. On June 18, the XAUUSD fell to the $1,764 support. Gold price retested the support before the upward move. Gold is facing rejection because the market has reached the overbought […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishXAUUSD has resumed an upward move after falling to the low of level $1,760 on June 18. On June 29, the bears retested the support as Gold resumed upward. The implication is that the uptrend has resumed as price fails […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: RangingXAUUSD is range-bound above level $1,760 support. The Gold downward move has been terminated above level $1,760. Since June 18, the price has been fluctuating above the current support. XAUUSD has ended its bearish trend above level $1,760. The market […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishXAUUSD is in a downward correction. Gold fell to the low above $1,760 and resumed a range-bound move above the current support. For the past week, the Gold price has been consolidating above the current support. On June 3 downtrend, […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishXAUUSD is in a downtrend. Since May 31, the upward move is facing resistance at $1900. In the first resistance the market decline to $1,860. On June 11, Gold faces another resistance which made it drop sharply. On June 1 […]
Key Support: 1852 – 1845 Key Resistance: 1870 – 1884 Gold saw a surge in buyers on Monday at the NY open picking up price from the lows around 1845 to yesterday’s highs at 1869. That was a +1.35% (250 pips) move in the first hours of trading. Momentum dried up and eventually Gold pulled […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishXAUUSD is in an uptrend. Presently, the upward move is facing resistance at $1,900. Since June 3, the uptrend was repelled as the market declined to $1,860. Gold is now fluctuating between the current support and the resistance. The uptrend […]
Gold is traded lower at 1893.92 versus 1903.38 today’s high. The price has slipped lower trying to test and retest the support levels before jumping higher again. The bias is bullish, so the yellow metal could resume its growth anytime. The corrective phase has ended and now it could increase ahead of the US inflation […]
Key Support: 1860 – 1872 – 1882 Key Resistance: 1895 – 1910 After last Friday’s rally in Gold prices on US employment data missing expectations we closed the day with a big 2.17% range on the bullish side. On Sunday Gold opened lower and and fell below the weekly pivot stabilizing it’s down side around […]
