Lingrid | GOLD Clings to Critical Support ZoneOANDA:XAUUSD has been consolidating, moving inside a descending channel after a sharp rejection from resistance. Structure shows a wedge followed by a triangle pattern inside the downward trendline, pointing to compression before a potential breakout. A bullish scenario opens if price bounces from
About Gold Spot
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a flat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
Lingrid | GOLD Broke Above Corrective Dynamic ResistanceOANDA:XAUUSD is attempting to recover after a strong sell-off from the resistance zone, with price currently testing the compression channel breakout. Structure highlights a descending sequence with a lower high, flag formations, and a downward trendline keeping the sideways tone intact. If the bre
XAUUSDHello Traders! 👋
What are your thoughts on GOLD?
Gold remains trapped in a tight consolidation range between key support and resistance zones.
In the short term, the ongoing decline is expected to extend toward the support area, where a bullish reaction may occur.
As long as price stays within th
GOLD → Correction and retest of a previously broken level...FX:XAUUSD breaks through the support of the local consolidation “symmetrical triangle” and falls to a minimum of 3311...
Gold remained at a three-week low of around $3,300 in Asian trading on Wednesday as markets awaited the Fed minutes and Powell's speech in Jackson Hole. The dollar is streng
GOLD → The market is waiting for a kick (driver). ConsolidationFX:XAUUSD is in a stalemate. A “casino” pattern is forming in the form of a symmetrical triangle. The odds are 50/50, and everything depends on the fundamental background and the emergence of a driver.
Gold is stuck in a symmetrical triangle - consolidation.
Gold is trading around $3330 on Tu
Lingrid | GOLD Weekly Market Outlook: Pullback Tests Swap ZoneOANDA:XAUUSD has pulled back from recent highs, currently around $3,335 after touching peak levels near $3,450. The pullback appears to be testing key support structures within a broader consolidation phase following the earlier breakout attempt.
4H chart shows a complex technical picture with gol
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GOLD → Breakthrough of downward resistance, news ahead...FX:XAUUSD is recovering after a fairly prolonged decline, and there are signs of bullish sentiment on the chart, but caution is advised as important news is ahead...
Gold is in a holding pattern. Its short-term fate depends on today's US economic data and, to a greater extent, on tomorrow's sp
GOLD → Consolidation and news. What are the chances for growth?FX:XAUUSD is consolidating in a symmetrical triangle pattern. Market uncertainty remains high. The global trend is bullish, while the local trend is neutral. What can we expect from gold?
Gold is falling ahead of Powell's speech in Jackson Hole. The dollar is strengthening on strong US economi
XAUUSDHello Traders! 👋
What are your thoughts on GOLD?
Gold failed to break through the key resistance zone near the recent highs and got rejected. Additionally, the ascending trendline has been broken, with price now trading below it.
While the long-term outlook remains bullish, the short-term bias has
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Displays a symbol's price movements over previous years to identify recurring trends.