GOLD Price Declines After the Third Test of 2068.0

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


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 Price Declines After the Third Test of 2068.0

Gold long-term trend: Bullish

Gold has performed brilliantly in the last few months, with a significant increase in value. The market has risen by 28.42 percent since the bullish change in market direction played out in October. The all-time high was met with resistance at 1978.0. The stochastic indicator was oversold as the market ascended to the resistance level of 1978.0. This caused a significant pullback of about 7.68 percent. The price dived to the support level of 1804.0.

The buyers recovered immediately with the establishment of a double-bottom bullish reversal pattern at the demand zone of 1804.0. The resumption of the market’s ascent became obvious with the repositioning of the Moving Average (period nine) below the daily candles in March.

GOLD Price Declines After the Third Test of 2068.0

Gold Short-Term Trend: Bullish

The market is experiencing a retracement after it tested the key level of 2068.0. The Stochastic is oversold on the 4-hour chart; hence, anticipate a bullish reversal in the parallel channel.

You can purchase Lucky Block here.  Buy LBLOCK

NoteLearn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *