Xauusd confirm signal Gold Prices continued their run higher on Thursday, buoyed up by a little slide in the United States Dollar and the usual range of broad geopolitical risks that have tended to support the market.
With conflict ongoing in Ukraine and Gaza, the oldest haven asset looks underpinned, even as the investment world comes to terms with the likelihood that borrowing costs will remain high for longer than they had thought at the start of this year.
Gold Prices Daily Chart Compiled Using TradingView
A finish in the green today will mark a sixth straight session of gains for gold, which has on Thursday printed a new ten-day high just below $2035/ounce.
Bulls will need to get back into the $2035-$2037 resistance area from February 5-9 if they’re going to build a base from which to push higher. Prices remain in a very broad range between $1982.34 and $2078.62 which has constrained the market since late November last year.
Confirm Chart
Xauusd confirm buy
Gold now 2029
Target 2033
Target 2037
Target 2050
Target 2070
Xauusdforex
World gold fees elevated because the Middle East war escalatedGold is visible as a hedge in opposition to financial and geopolitical instability, even as better hobby prices lessen the enchantment of protecting non-yielding gold.
Most policymakers on the maximum current assembly of the United States Federal Reserve (Fed) have been involved approximately the dangers of decreasing hobby prices too soon, with uncertainty approximately whether or not hobby prices will continue to be at their level. present day degrees for the way long, in step with mins from the Fed`s January assembly.
“The Fed isn't always going to decrease or improve hobby prices, so I suppose gold nevertheless has upside potential,” stated Daniel Pavilonis, senior marketplace strategist at RJO Futures.
The Fed will probable decrease hobby prices in June, in step with a majority of economists in a Reuters poll.
The dollar's index weakened, making gold greater appealing to overseas buyers.
XAUUSD (Gold) Technical Analysis and Trade Idea
See my previous post (video) for a full explanation). #XAUUSD GOLD has exhibited recent bullish momentum.On the 1D timeframe, price action demonstrates a pullback approaching a key resistance zone. Further upside appears likely early in the week, with potential for Gold to advance into nested distribution levels across the 4H & 1D timeframes offering a potential sell opportunity.
This analysis reflects my individual market assessment for informational purposes. It does not constitute explicit financial advice. Independent research and comprehensive risk management are crucial before executing any trades.
XAUUSD sell Gold gathered recovery momentum and climbed above $2,000 in the American session on Thursday. The benchmark 10-year US Treasury bond yield is down more than 1% on the day following the mixed US data, helping XAU/USD stretch higher.
On the flip side, any attempted recovery beyond the $2,000 mark now seems to confront stiff resistance near the $2,011-2,012 area. That said, some follow-through buying, leading to a subsequent strength beyond the $2,015 level, might trigger a short-covering rally and lift the Gold price to the 50-day SMA, currently around the $2,030 region. The latter should act as a key pivotal point, which if cleared decisively will set the stage for additional gains beyond the $2,044-2,045 intermediate hurdle, towards the $2,065 supply zone.
Gold rebounds above $2,000 as US yields edge lower
XAUUSD Gold 13/02Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 1234 " Impulsive Waves
Symmetrical Triangle as an Corrective Pattern in Long Time Frame and Rejection from the Lower Trend Line
Break of Structure and Retracement
Double Bottom as an Corrective Pattern in Short Time Frame
XAUUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Gold New Week MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Symmetrical Triangle as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line
Break of Structure and Retracement
CHOCH and Divergence in RSI
Completed " 12345 " Impulsive Waves and " AB " Corrective Wave
XAUUSD GoldPair : XAUUSD ( Gold / U.S Dollar )
Description :
SYMMETRICAL TRIANGLE as an Corrective Pattern in Short Time Frame
Completed " 12 " Impulsive Waves and " ABC " Correction after Impulse
Break of Structure and Completed the Retracement
EXP FIAT as an Correction in Short Time Frame and Rejection from Lower Trend Line
CHoCH and Strong Divergence
XAUUSD New Week Buy / Sell ? Pair : XAUUSD ( Gold / U.S Dollar )
Description :
We have Break of Structure and Completed its Retracement
Impulsive Waves " 12345 " and " Corrective Waves " ABC " Completed
Symmetrical Triangle as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line
Strong Divergence in RSI
Bears Seize Control of the Gold MarketSince the onset of January 2nd, 2024, a discernible downtrend channel has shaped the intricate interplay between gold and the US dollar. Delving into the meticulous examination of gold's financial intricacies, my attention is laser-focused on identifying opportune moments for selling as the precious metal nears the trend line this week.
In the event that price encounters resistance within the critical thresholds of 2050 to 2070, a calculated strategy emerges – a potential short position with a downside target of approximately 55 pips, bringing us to an anticipated 2003 level. The overarching strategy hinges on a discernible transformation in the higher time frames, acting as a precursor for potential long positions.
In the strategic forecast, my outlook tends towards a bearish trajectory, unfolding gradually with each nuanced market development. Your active engagement in this financial analysis is pivotal. Appreciate your likes, comments, and shares as we navigate these nuanced market waters. Until the next data point emerges, see you on the analytical flip side! 🔄💹
XAUUSD ( Gold / U.S Dollar )Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 1234 " Impulsive Waves at Demand Zone or Fibonacci Level - 50.00%. Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line. Strong Divergence in RSI and Completed the Retracement for Break of Structure
GOLD ( XAUUSD ) Long Term Selling Trading IdeaJan 25
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