Market Analysis – February 9 Gold has been soaring easily through multiple resistance levels on the daily chart. The market is drawing toward liquidity pools at resistance levels. Gold Key Levels: Demand Levels: 1871.0, 1786.0, 1740.0 1727.0Supply Levels: 1999.0, 2067.0, 2150.0, 2200.0 Gold Long-term Trend: Bullish Gold buyers attempted to strike at 1999.0 but got […]
Market Analysis – February 2 Gold is currently displaying buy-side delivery in the market. After a long period of downward motion, the market has broken the 1886.0 demand level. XAUUSD Key levels Resistance Levels: 1886.0 1997.0, 2076.0Support Levels: 1586.0, 1621.0, 1707.0 Gold long-term trend: Bullish Gold was very bearish for most of the months during […]
The 1971–1980 bull run and the 1999–2011 bull run are two of the greatest bull runs in gold history. In the bull market from 1971 to 1980, gold gained more than 2000%, while from 1999 to 2011, it gained over 800%. It is important to remember that there have also been two significant bear markets […]
The price of XAU/USD has significantly increased for about two months. Price action in this market, even at this point, continues to show more upside potential. Major Price Levels: Top Levels: $1,909, $1,939, $1,969 Floor Levels: $1,900, $1,880, $1,860 XAU/USD (Gold) May Regain Upside Traction from Here On the daily market, the XAU/USD price action […]
After breaking through the $1,852 resistance level, the XAU/USD price has steadily risen. In the ongoing session, there are signs that the XAU/USD price may move further upwards to claim the $1,900 price mark Major Price Levels: Top Levels: $1,883, $1,900, $1,950 Floor Levels: $1,870, $1860, $1,845 XAU/USD Extends Its Upside Price Move Price action […]
XAU/USD has been impressive as it reclaimed the $1,800 price level. Furthermore, prices have since been on a progressive move towards higher resistance, and have now broken the $1,850, to sit at roughly $1,854. However, in this session, downward forces appear to be making efforts to seize control of price action in this market. Important […]
Since five trading sessions ago when XAU/USD price tested the support level of $1,790, price action has become more bullish on average. Furthermore, in this ongoing session, buyers are already in control and may push prices higher in this session. Let’s further examine market activities to make better trading decisions. Major Price Levels: Top Levels: […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: BullishGold’s price is increasing as it confronts resistance at $1,820. The $1,820 high is preventing further upward movement. Additionally, Gold is approaching the market’s overbought region. On the upward movement of November 15, a retraced candle body tested the […]
XAU/USD has been experiencing significant attention from market bulls since the previous session. Consequently, this has caused the pair’s price to recover above the $1,800 price level. And, at this point, we may experience more price increases. Major price Levels: Top Levels: $1,818, $1,840, $1,870 Floor Levels: $1,800, $1,770, $1,740 XAU/USD Looks Ready to […]
