Key Support: 1727 – 1723 Key Resistance: 1743 – 1755 Mid Term View Gold is bullish and has been for a while, even when we saw the big pullback from all time highs to 1675. After that bottom, Gold has been trading inside a very structure bullish move. 30M Chart Analysis After today´s dip from […]
Gold (XAU/USD) remained in a rangebound mode for the second consecutive session, despite its underlying bullish bias. The precious metal traded within the tight range between $1,740 and $1,720, following a decent rebound from the $1,700 psychological support. The US government bond yields also traded in a sideways momentum, while the Dollar Index (DXY) remained […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishGold is presently in a downward move. Today, the price is correcting upward and retesting the resistance at level 1740. In the previous downtrend on January 18; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates […]
Key Support: 1685 Key Resistance: 1715 – 1740 – 1760 Long Term View Gold is still very much in a bearish market but it´s trading inside a falling wedge at a key level and this might be the reversal we are looking 1H Chart Analysis Gold is still printing lower lows and lower highs around […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishGold is presently in a downward move. The market is falling because the bulls are retesting level 1880 to break it. This resulted in a further downward move. On February 4 downtrend; a retraced candle body tested the 38.2% Fibonacci […]
Key resistance: 1760 Key Support: 1732 – 1717 Long Term View Gold has been under pressure since it failed to regain the 2000 level with the DXY unable to move lower. Gold is down 12.50% this year from its January 5th highs and is now trading below a massive key level (May 2020 highs and […]
XAUUSD Price Analysis – February 25 Gold (XAUUSD) continues to struggle to stay afloat selling pressure within a confined range below the $1800 level through the mid-European session. The XAUUSD pair altered south in the early trading hours of Thursday and dropped to a low of $1787. A modest pickup in the US Treasury bond […]
Long Term View On Gold Gold has broken with the previous lows at 1785 and is now retesting and rejecting them. Here is the short opportunity for a daytrade. Daily view on Gold The upside in Gold is capped by today´s Point Of Control (POC) and VWAP (Volume Weighted Average Price). These 2 instruments confluence […]
Key support: 1785 – 1780 Key resistance: 1795-1814 Gold long-term bullish Since the pandemic hit Gold has rallied 42.88% from low to high of the move and has retraced -15.40% from the highs to a massive key level. Buys are still in play as Central Banks keep their asset purchasing programs at all time highs […]
