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
About Gold Spot / U.S. Dollar
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
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
XAU/USD | Breakout or Pullback? (READ THE CAPTION)By analyzing the gold chart on the 4-hour timeframe, we can see that after Jerome Powell’s speech on Friday, where he hinted at the possibility of upcoming interest rate cuts, gold experienced a strong bullish rally and surged up to $3379! Currently, gold is trading around $3373, and if the price ma
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
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Lingrid | GOLD Weekly Market Analysis: Triangle Breakout AttemptThe price perfectly fulfilled my previous weekly outlook . OANDA:XAUUSD has closed around $3,371 as the market approaches a critical juncture within a well-defined triangle consolidation pattern. The recent price action suggests accumulation near key support levels with potential for a decisive d
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 Key Level at 3357 –> Breakout or Breakdown?Hello guys!
Let's analyze gold!
Gold is testing a critical zone around 3357.
If price breaks below 3357 , we can expect another drop towards the 3337 support area.
But if 3357 holds as support, then a bullish continuation is likely, with buyers pushing price higher.
This makes 3357 the deci
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Displays a symbol's price movements over previous years to identify recurring trends.