Market Analysis – August 30 Gold market structure remains firmly bullish, as indicated by the consistent formation of higher lows. Recently, the price successfully broke above the resistance zone at 2483.0, marking a significant milestone in its upward movement. The market has since pulled back, using this previous resistance zone as a new support level. […]
Market Analysis – August 21 The Gold market has reached a significant milestone this week by establishing a new all-time high (ATH), indicating continued strength in the precious metal. After several days of price retracement, the price finally broke through the previous ATH of 2483.80, which was set in July. This upward momentum pushed gold […]
Market Analysis – August 21 The Gold market has reached a significant milestone this week by establishing a new all-time high (ATH), signaling continued strength in the precious metal. After several days of price retracement, the price finally broke through the previous ATH of 2483.80, which was achieved in July. This upward momentum propelled gold […]
Market Analysis – August 16 Gold (XAUUSD) prices have once again approached the supply zone around $2,483.00, a level that has consistently resisted upward movement since July. This resistance has led to the formation of an ascending triangle, indicating that a breakout is necessary for the continuation of the upward trend. Gold Key Levels Demand […]
Market Analysis – August 8 The Gold market has transitioned from a consolidation phase marked by narrow daily candle ranges to a period of pronounced impulsive movement during March and April. However, the bullish momentum has since diminished, preventing prices from consistently achieving higher highs. Key Levels for Gold Demand Levels: 2356.0, 2296.0, 2223.0 Supply […]
Market Analysis – August 1 Gold (XAUUSD) has resumed its bullish ascent after a brief dip below a bullish order block on the daily chart. This move initially suggested a potential trend reversal; however, the price did not break the previous swing low of $2,352.0. Instead, a higher low was formed, followed by a rally […]
Market Analysis – July 27 The Gold market has turned bearish, with the last bullish order block on the ascending trend failing to hold. The market posted a new lower high at 2420.0, gradually establishing a new bearish trend. Gold Key Levels Demand Levels: 2337.0, 2290.0, 2223.0Supply Levels: 2387.0, 2451.0, 2500.0 Gold Long-Term Trend: Bearish […]
Market Analysis – July 22 The Gold market has sustained its bullish stance with a break of structure above the swing high of 2450. The Stochastic indicator signaled an exhaustion of buyers at this level, leading to a healthy retracement into a bullish order block at 2425.0. Gold Key Levels Demand Levels: 2415.0, 2336.0, 2290.0Supply […]
Market Analysis – July 10 The Gold market witnessed a bearish shift in structure after reaching the swing high of 2450.0. The subsequent price decline halted at the demand zone of 2307.0, where a double bottom bullish reversal pattern formed. The neckline of this pattern has been surpassed, signaling a bullish recovery. Gold Key Levels […]
