Key Support: 1825 Key Resistance: 1833 – 1850 Gold is very bullish. I’ve been saying this for months. The hedge against inflation is this metal and even though price action has been VERY volatile and choppy most of the time; long term the bullish structure is in play. On Wednesday, Gold saw by the end […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishOn June 29, XAUUSD fell to the low of $1,755 as bulls bought the dips. XAUUSD rebounded above the current support as buyers pushed the Gold price to the high of $1,834. Gold was rejected at the recent high on […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishXAUUSD price corrected upward after the recent breakdown to level $1,755. The current uptrend is facing resistance at $1,834. Following the recent resistance, Gold retraced to the support above $1,800 or above the 21-day SMA. Meanwhile, on June 18 downtrend, […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishXAUUSD upward move is facing rejection at the $1,834.19 high. On June 18, the XAUUSD fell to the $1,764 support. Gold price retested the support before the upward move. Gold is facing rejection because the market has reached the overbought […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishXAUUSD has resumed an upward move after falling to the low of level $1,760 on June 18. On June 29, the bears retested the support as Gold resumed upward. The implication is that the uptrend has resumed as price fails […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: RangingXAUUSD is range-bound above level $1,760 support. The Gold downward move has been terminated above level $1,760. Since June 18, the price has been fluctuating above the current support. XAUUSD has ended its bearish trend above level $1,760. The market […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishXAUUSD is in a downward correction. Gold fell to the low above $1,760 and resumed a range-bound move above the current support. For the past week, the Gold price has been consolidating above the current support. On June 3 downtrend, […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishXAUUSD is in a downtrend. Since May 31, the upward move is facing resistance at $1900. In the first resistance the market decline to $1,860. On June 11, Gold faces another resistance which made it drop sharply. On June 1 […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishXAUUSD is in an uptrend. Presently, the upward move is facing resistance at $1,900. Since June 3, the uptrend was repelled as the market declined to $1,860. Gold is now fluctuating between the current support and the resistance. The uptrend […]
