Market Analysis – July 6 Gold has exhibited a bullish ascent over the past week, signaling a short-term uptrend. However, this upward movement is likely a retracement within the context of a higher time frame bearish trend. The ongoing ascent of XAUUSD may soon encounter a pause as it reaches a significant resistance level. XAUUSD […]
Gold Analysis – Sellers Approach the 1902.540 Key Level Gold buyers seek upside amid a tendency. The XAUUSD buyers have been fighting an uphill battle lately, with the Gold price dropping as a result of sellers pulling out of the market. The Bears have been attacking the 1902.540 significant level, causing the buyers to be […]
XAUUSD Analysis – Buyers Struggle to Keep Up With Demand The Gold price plummets as buyers struggle to keep up with selling momentum. After the buyers managed to push prices up to the 2051.810 key zones, it became apparent that the bulls were unable to sustain their strength and began to lose ground with the […]
Market Analysis-June 8 The Gold market turned bearish on the higher timeframe (daily) at the cross of the Simple Moving Average (SMA) of periods nine and twenty-one in May. The price declined under a resistance trendline. The resistance trendline has been defied with a retest at the supply level of 1978.0. Gold Key Levels Resistance […]
Market Analysis -June 1 Gold has succumbed to bearish pressure in the market, signaling a shift in its market structure. The sellers emerged at the supply level of 2067.0, leading to a significant decline in the value of gold, which has dropped by approximately 6.53 percent since reaching the supply zone. Gold Key Levels Resistance […]
Market Analysis – May 25 The Gold market has experienced a bearish breakout on the 24-hour chart after a long period of upward trend since the inception of March. The support level of 1978.0 has been bridged. Gold price appears ready for a dive. Gold Key Levels Demand Levels: 1890.0, 1804.0, 1693.0Supply Levels: 2042.0, 2068.0, […]
Market Analysis – May 14 Gold has reached its all-time high again after the change in market direction in 1612.0. The months of October until the current time were used to produce a buy-side delivery of the bearish swing from 2068.0 to 1612.0. Gold Major Levels Resistance Levels: 2068.0, 2043.0 Support Levels: 1978.0 1612.0 Gold […]
XAUUSD Analysis – Traders Are Capitalizing on Bullish Strength Gold buyers eye more gains in the market. The gold market has seen an unprecedented surge in buying pressure as traders eye more gains. The XAUUSD price has been strongly influenced by buy traders, despite selling pressure as well. This bullish trend has been steadily progressing […]
Market Analysis – May 5 Gold reached its highest price of the year this week. The price rallied from a bullish order block resting on the support level of 1958.0 to the supply level of 2068.0 Gold Key Levels Resistance Levels: 2068.0, 2080.0, 2100.0Support Levels: 1958.0, 1868.0, 1804.0 Gold Long-Term Trend: Bullish Gold has defied […]
