Gold Price Forecast: XAUUSD eyes $1,750 on the road to recovery
Gold price is reversing an early dip but remains cautious at the start of the critical Fed week. The rebound in the US dollar from over two-week lows capped the bullion’s ongoing recovery momentum. The greenback climbed on the back of renewed risk-off flows, triggered by a revival of recession fears,...
FOREX GOLD XAUUSD SUPPORT AND RESISTANCE LEVELS || 25/07/2022
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Gold Price Forecast: XAUUSD eyes $1,750 on the road to recovery
Gold price is reversing an early dip but remains cautious at the start of the critical Fed week. The rebound in the US dollar from over two-week lows capped the bullion’s ongoing recovery momentum. The greenback climbed on the back of renewed risk-off flows, triggered by a revival of recession fears,...
Gold 15 min Trend is Down. This is Just Pullback in 15 min time frame. So in lower time frame trend is down, look out level for short 1705 to 1700 & For Buy 1700 to 1680. As i say always Go with the confirmation. Good Luck For Next Week.
My analysis of price action in Gold. Currently in a strong downtrend, sell on rise structure. Have marked some key levels and will review the chart after a few days.
Gold weekly Trend is Down. This is Just Pullback in weekly time frame. So in lower time frame trend is up, look out level for short 1740 to 1750 & For Buy 1710 to 1715. As i say always Go with the confirmation. Good Luck For Next Week.
". There is a possibility of temporary retracement to the suggested support line (1697.6).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI...
Gold fails to extend the post-ECB rebound from yearly low, not to mention unable to extend the bearish channel breakout. Given the metal’s sustained trading below the key SMA and the recently downbeat oscillators, the bullion is likely to remain pressured. Hence, sellers can see the latest bounce as an opportunity until the quote stays below the 100-SMA level...
Gold may bounce from the lower end of the rectangle on if this is saved on closing basis on friday
A good consolidation is required for bulls if they want long term trend to be saved.
Taken gold sells at the time of london open, it made a bottom wick before making a top wick, then I eneterd once the bottom is broken with low risk, anticipated lond open volume push price further down...finally a breakeven
Gold continuously taking support at the trend line
so it is in buy trend till the support breaks.
it turns bearish only if the bottom trend is breached.
Gold slipped to a 1-year low yesterday. The day began at 1711; throughout the day, the price was bounded by the 1706-14 range. The price went below 1700(2) before the day's end, touching the day-low near 1692. The day ended at 1696, down by USD 14.
A new round of selling started after gold finally left the 1700-20(1) range. Expect the price to trade between...
