At the end of last Friday's session, GOLD had confirmation of a sideways accumulation around the 1916 - 1928 border after the price tried to push up past the 1928 peak but then sold back strongly during the night of Friday, which This shows the hesitation of investors before the US inflation announcement on Wednesday night this week.
If we label the short-term...
US Dollar Index continues to recover while gold comes under some fundamental pressure holding back the upside as core US Personal Consumer Expenditure (PCE) Price Index (PCE) data for August improved a bit. little.
The US Nonfarm Payrolls (NFP) report, due out today, is expected to bring huge volatility across the market as it will shape the Fed's capabilities...
Gold price today continued to maintain a downtrend and traded around 1925 usd/ounce.
It can be seen that last night, the USD had a hot session again, causing gold to come under downward pressure and hit its lowest level in the past week.
In the near future, the gold price may drop further to the threshold of 1,900 USD/ounce when the USD is still rising. If on...
Gold price regains positive traction and remains within the striking distance of a one-month top. Expectations that the Federal Reserve is down with its rate-hiking cycle underpin the XAU/USD. A positive risk tone might hold back bulls from placing aggressive bets and cap any further gains.
On the hourly time frame, the ascending channel resistance was previously...
🌸Hello everyone, it's a pleasure to share and explore the market with you today. Currently, the gold market (August 24) has increased significantly compared to the previous session. Gold has now far outstripped a dangerous $1,900 price point after economic data from Europe showed a less positive purchasing managers index (PMI), prompting investors to ramp up their...
Gold prices extended their recovery for the third consecutive session and touched $1,950 on Wednesday. This daily increase is due to increased open interest and it suggests that additional profits will emerge in the near future. However, the next important target for the precious metal is the high of USD/troy ounce in July 1987 (July 20).
Our Technical Confluence...
-The Price is between the Major supply zone and a small hidden demand zone.
-Once either side breaks out, it will move to a big one.
-Wait to break any one of the sides.
-Supply Zone: 1948-1956
-Hidden demand zone:1934-1936
-Below the hidden demand zone, can test 1900-1902 levels
Gold prices are rising and reaching a 3-week high of 1935 USD/ounce after a series of lower-than-expected US economic data. ADP's national employment report for August only increased by 177,000 jobs, compared with expectations for an increase of 200,000 jobs.
According to experts, the US stock market is trending up. The sentiment of overseas traders and investors...
Gold (XAU/USD) lacks bullish momentum at three-week highs, hovering in the $1,937-38 range by year-end, as traders look for more clues to confirm the dovish trend of gold. The United States Federal Reserve (Fed) globally. Upbeat US data earlier in the day. Also challenging XAU/USD gains are mixed concerns about US-China relations and sluggish US Treasury...
OANDA:XAUUSD
As you can see that, XAUUSD has created a Flag and Pole pattern in 15Min Time frame. wait for the breakout and take retest entry. Plan your trade accordingly.....
gold is at the neckline support of the head and shoulder pattern and also the 200 period moving average on the hourly timeframe. Both of them together form a substantial support here for the commodity and we can expect some bounce to come intraday from this level.
⚡️US bond yields will play an important role in influencing the USD price action in the absence of any relevant economic data from the US.
Additionally, the broader risk sentiment will allow traders to seize short-term opportunities around Gold prices over the weekend and into the new week.
⚡️From a technical point of view, Gold is on a clearly declining range....
Head and shoulder is a reversal pattern which is one of the most reliable chart patterns that a trader can trade. Here gold has completed the breakout from the reversal pattern and this is happening after a considerable downmove. This is perhaps the start of the rally for the next one week or so.
Hello Friends
Welcome to our Elliott Wave analysis of the Gold chart! This analysis helps us make sense of Gold's price movements by spotting repeating patterns. Think of it like finding familiar footprints in the sand.
Imagine Gold's price as a series of waves. Elliott Wave theory suggests that these waves repeat in predictable patterns. We'll be looking for...
⚡️At the end of the week, spot gold XAU/USD recovered slightly to $1,890, but it remains poised for a 1% weekly drop, the fourth consecutive weekly drop. The metal appears to be consolidating losses after seeing the red for the previous four days and also bullish on risk aversion as the market worries about the health of the Chinese economy.
⚡️The bulls are...
⚡️ China is in trouble, especially in the real estate sector. These fluctuations have an impact on the price of gold (XAUUSD), represent volatility in the market and affect investors.
⚡️ From a technical perspective, the daily chart of the XAU/USD pair suggests that the decline will continue. The pair peaked near the 200 simple moving average (SMA) and then...
![XAUUSD: GOLD[XAUUSD] Analysis](https://s3.tradingview.com/4/42fpPeZc_mid.png "GOLD[XAUUSD] Analysis")
