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 […]
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 […]
