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 […]
Gold prices dipped slightly in Asian trading on Monday as traders looked ahead to U.S. Federal Reserve Chair Jerome Powell’s upcoming testimony and key inflation data expected later in the week. Despite the slight decline, gold prices hovered near one-month highs, edging closer to breaking above $2,400 an ounce. This optimism is driven by growing […]
Market Analysis – July 1 Gold has been unable to break above the resistance zone of 2418.0. The formation of a new swing high at this level in May indicates that bullish momentum has waned. Currently, gold is trapped between 2420.0 and 2285.0. Gold Key Levels Demand Levels: 2285.0, 2149.0, 1984.0Supply Levels: 2418.0, 2500.0, 2600.0 […]
XAUUSD Analysis – June 20 XAUUSD bullish sentiment is still prevalent. Currently, the 9-day Simple Moving Average (SMA) is rising, indicating bullish momentum in the near term. Furthermore, there has been a bullish crossover in the Moving Average Convergence Divergence (MACD), with the MACD line crossing above the signal line. Additionally, a positive flip in […]
Market Analysis – June 13 Gold (XAUUSD) appears to have lost its bullish momentum, transitioning from a strong uptrend to a consolidation phase. Since April, the price has been oscillating between the upper boundary of 2,430.0 and the lower boundary of 2,280.0. Gold Key Levels Demand Levels: 2,280.0, 2,195.0, 2,074.0 Supply Levels: 2,431.0, 2,500.0, 2,600.0 […]
Market Analysis – June 7 Gold (XAUUSD) market sentiment remains bullish as the bullish trend resumes. The market seems to be heading upward to form a new high above the current all-time high. The current all-time high is at the $2450.10 price level. An invalidation of this swing high by the ongoing bullish trend will […]
Market Analysis – May 29 Gold price action has formed a notable double-top pattern on the daily chart. The double-top pattern traditionally signals a potential reversal or a deceleration in the prevailing bullish trend. Despite this, it is important to highlight that no significant demand zones or swing lows have been compromised, thus keeping the […]
