Hello dear friends! Today, let's explore the latest developments in the gold market.
As Tuesday's trading session began, we saw gold prices quickly decline. Currently, the price of this precious metal has decreased by about $26, fluctuating around $2300, which is down 1.08% over the day.
This price decline followed after gold reached a peak of 2,400 USD, before...
After today's opening, gold suffered two smashes again, falling below the 2318 support and even falling below 2300, a drop of nearly a hundred points. Since the fall from the high of 2417, gold prices have been under pressure and the decline has further expanded. On the daily chart, the price of gold first shot up to around US$2,431, and then fell back to nearly...
Go through the analysis carefully, and do trade accordingly.
Anup 'BIAS for the day (18-04-2024)
Current price- 2382
"if Price stay above 2376, then next target is 2392 and 2400 and below that 2365.
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of...
Hello readers,
What do you think about gold price developments today? Gold is currently trading at about 2,318 USD/ounce, down slightly by 0.17% compared to yesterday, equivalent to a decrease of nearly 5 USD at this time and is in a downtrend.
This precious metal encountered a significant decline after investors took profits, unable to maintain the...
Gold price next week from 22 - 26 April
We will need to see a close above 2410/2412 zone to further open the range above or a rejection will follow to find support at 2373. A cross and lock below 2373 will be a sign for a stronger retracement and I will update my chart with a different plan.
The price of gold surged to a new high above 2400 as tensions in the...
Hello everyone, after the first two sessions of the week falling by about 90 USD/ounce, the world gold price has recovered slightly and shown that the support threshold of 2,300 USD/ounce is quite solid, raising the belief that the recent decline is Buying opportunity for long-term investors.
Gold prices remain high due to concerns about instability in the Middle...
Symbol - XAUUSD
Gold has given a huge up move in recent months after breaking out of 2070 - 2080 zone.
Gold went till 2430 on 12 April and witnessed sharp selling immediately from that level. After consolidating, It tested 2420 level today again and exhibited sharp selling from that level for the second time.
XAUUSD CMP - 2392
I'm planning to short it between...
Hello dear friends, let's recap the gold prices from last week and strategize for the upcoming week.
Overall, there was no surprising volatility in gold last week, as it adjusted from $2400 to $2338. This decrease followed the expected cyclical pattern in gold's movement, so there is no immediate reason to worry about this metal.
In the past couple of days, gold...
Judging from the daily structure, although gold closed positive yesterday, it failed to break through the 10-day moving average above, and the daily moving average showed a cross downward trend, which put some pressure on bulls. In the absence of clear bullish factors, it may be difficult for gold to break through the key level of 2350. Although the market still...
From the daily chart of gold trends, we can see that the current price has stepped back to the 20-day moving average. Yesterday's closing was a small negative line with a long lower shadow, which shows that there is great uncertainty in the later period. The moving average has a supporting effect on the price trend. If the price stabilizes next, the upward trend...
Go through the analysis carefully, and do trade accordingly.
Anup 'BIAS for the day (17-04-2024)
Current price- 2386
"if Price stay above 2378, then next target is 2395 and 2410 and below that 2365.
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of...
Gold rose rapidly in the morning, stimulated by the news, reaching a maximum of around 2417, with an increase of about $43. However, there was a retracement later, with the lowest falling to around 2380, basically erasing the morning gains. This dynamic may be a shuffling behavior by short-term short sellers with the help of news. If the morning rise is just a...
Good Evening Traders,
I am sharing Gold possible moves for the upcoming week.
Gold is moving ATH (All time high),
Levels due to the rising geo-political risk in the Middle East after the alleged reports of Israel's drone airstrike in Iran and still, there is no such possibilites where we can see further cool down the geo-political risk.
Gold levels to...
It's showing a fall due to these reason
It's retracted the support after the breakout
2.its getting support from neckline plus support making it's more stronger due to double support
3. The trendline also giving a support
4. Overall meaning is it's getting support from three point mean it's a good situation for buying
A good move gonna show here
Just grab out...
Gold forecast area to watch 2335 above this bullish if reject from this area we can see more low area
Gold area to watch 2335. if gold break this area and sustain above we can see 2345 2356 and above,
If gold decline from this area then we can see 2310 2300 and 2290 area.
so plan accordingly, Happy trading.
Gold might continue to consolidate before next trending move.
Range is Huge.
Even Consolidation may provide decent Trading opportunities.
2330 is again going to be the crucial zone
Below 2330,
2275 zone could be tested
If 2330 is respected, 2390 zone could be tested.
Rest Of the Analysis on Daily Basis
