Market Analysis – January 30 XAUUSD is nearing key resistance levels while maintaining a bearish momentum. The Moving Average Convergence Divergence (MACD) indicator signals weakening bullish strength as the MACD line approaches a bearish crossover with the signal line. Additionally, the price remains slightly above the 9-day Simple Moving Average (SMA) at $2,750, indicating short-term […]
Gold surged on Wednesday, recovering from a weekly low of $2,605, as a softer U.S. Dollar and declining Treasury yields supported the metal. The XAU/USD pair climbed 0.13% to $2,636, buoyed by the release of key U.S. economic data that indicated resilience in the economy, including strong labor market figures and the second estimate of […]
Market Analysis – July 5 Gold reached its highest price ever on May 20 this year, hitting an impressive 2450.0 before entering a decline. Following the formation of this all-time high, the price action formed lower highs, while a well-defended demand zone at 2304.0 established equal lows. This pattern led to the creation of a […]
Market Analysis – June 13 Gold (XAUUSD) appears to have lost its bullish momentum, transitioning from a strong uptrend to a consolidation phase. Since April, the price has been oscillating between the upper boundary of 2,430.0 and the lower boundary of 2,280.0. Gold Key Levels Demand Levels: 2,280.0, 2,195.0, 2,074.0 Supply Levels: 2,431.0, 2,500.0, 2,600.0 […]
Market Analysis – June 7 Gold (XAUUSD) market sentiment remains bullish as the bullish trend resumes. The market seems to be heading upward to form a new high above the current all-time high. The current all-time high is at the $2450.10 price level. An invalidation of this swing high by the ongoing bullish trend will […]
Market Analysis – May 29 Gold price action has formed a notable double-top pattern on the daily chart. The double-top pattern traditionally signals a potential reversal or a deceleration in the prevailing bullish trend. Despite this, it is important to highlight that no significant demand zones or swing lows have been compromised, thus keeping the […]
Market Analysis – May 24 Gold has exhibited exceptional performance over the past two months. From December to February, the price of gold remained relatively stable. However, March saw a breakout from this prolonged consolidation, injecting volatility into the market. The price surged to $2431.0, marking the highest point of the year so far. Gold […]
Market – May 19 Gold price ascent took off in February. The spread of the Williams Alligator strings revealed a transformation from a long-term consolidation to an uptrend. The price soared till the supply level of 2414.0 was reached. Gold prices crashed upon reaching the resistance level. Bulls have reorganized to enforce a breakout above […]
Market Analysis – May 9 Gold has undergone a notable transformation this year, transitioning from a period of price stagnation to a robust uptrend. The breakout above the critical level of 2074.0 marked a significant turning point, fueling a sustained ascent in price. However, the recent emergence of a correction phase in the gold market […]
