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The market plunged to a key level at 2300. OANDA:XAUUSD is testing the previous week's low. XAUUSD has reached the buy zone, as I mentioned in my weekly outlook. On the weekly timeframe, the price went below the last 2 weeks low. We should pay attention to how the day closes today. I think the market might form a small-range zone and then break through it...

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The market formed a triangle formation on the 1H timeframe. FX:EURUSD might create a potential fakey pattern, which is basically a fake breakout of the triangle pattern. The price is consolidating in anticipation of the upcoming news reports. I think the market will spike up, take the liquidity, and then move. If the price rejects the key resistance at...

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OANDA:XAUUSD is testing the support level of 2350, where we had a sharp bullish move. The gold is still ranging after it made a new high within the last two weeks of highs and lows. It might continue ranging between 2350 and 2400 price levels. I expect a retest of the recent resistance zone if the 4H candle closes above the 2350 support zone, showing a...

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I think OANDA:XAUUSD has the potential to reach all-time highs at 2500, although a pullback to around 2300 wouldn't be a surprise since the market failed to close above the key resistance at 2400, which means there is always a probability of sharp bearish moves. Right now, the market feels overextended in both directions. I expect the sideways move to last...

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The price spiked up from the support level. OANDA:XAUUSD made an engulding candle. On the daily timeframe, it formed inside a bar formation. I think the market may keep moving sideways between 2410 and 2365; it could be the continuation of the current trend because it broke the triangle formation. The price rolled back to retest the triangle pattern. I...

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The market is moving sideways near the resistance zone. It does not show signs of bullish strength. It is worth noting that the price broke the previous week high. I think the market will take liquidity above the PWH and then roll back. I expect to fall from the resistance zone and retest the middle of the range zone. My goal is to support level 1.64600

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I think the market may retest the November lows because, on the weekly timeframe, we can see that the price has gained bearish momentum. I expect the market to move up and then continue moving downward, possibly retesting the key level at 1.05000. My goal is the support level at 1.05500

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The OANDA:XAUUSD market rallied again in the trading week, showing a lot of momentum movements. On the weekly timeframe, gold showed three consecutive bullish candles in a row without any pullbacks. A pullback should represent a good buying opportunity. However, the last weekly candle closed, forming a long-tailed bar, which means there was bearish pressure....

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Given the current global situation, there is a significant bullish trend in the OANDA:XAUUSD market. Therefore, I believe that gold will remain a highly demanded asset. Another week closed with a powerful candle. The market has been moving up without major pullbacks for several weeks now. The next target for gold could be the round level of 2400 and then...

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So, yesterday we saw strong growth - the price soared from the level of 2275. And overcame a new maximum of 2305. Today we also expect important news. Therefore, correction is possible. Gold rarely lends itself to technical analysis - it is now near the upper line of the channel. However, we know that Gold is a metal that is constantly being invested in and bought...

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The price perfectly fulfilled my last idea. It hit the target. OANDA:XAUUSD reached the key resistance level. It tested the channel border as well. On the 4H timeframe, we have lost some of the bullish momentum. It seems like bulls are out of breath and they need some rest, which means pulling back from the resistance zone. Today we also have high-impact news...

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Currently, the price is pulling back toward the resistance/range zone. The market has reacted many times to this key level before. I expect the price to go to the support level from this resistance if the market makes a fake break of the level, like a long-tailed bar or double top showing level rejection and weakness. My goal is the support level at 1.24910

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The market is losing momentum at the support level, and I think it will move sideways until the NY session. Keep in mind that there is news coming out later that could move the market in any direction. I expect the market to move up and then downward to retest the February low. My goal is the support level at 1.07000

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You can see that the month of March closed with a super bullish candle. On the weekly timeframe, you can see the failed long tailed bar, which shows that the bears tried to push the market down. And I think short-term pullbacks will remain buying opportunities; these could be round levels or Fibonacci retracement levels. OANDA:XAUUSD is rising for a variety...

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The market is updating the higher lows. However, it's not updating the higher highs, which suggests that bulls are putting pressure on the resistance zone. FX:USDCAD USDCAD made an impulse move and formed equal highs. The price keeps testing the resistance, and I think the market will break through it. On the daily timeframe, it formed a bullish long-tailed...

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Yesterday, the market went higher even though it made a pullback into the range zone after rejection. OANDA:XAUUSD failed to move higher and pushed back. I think the market may retest the resistance, then go down to recent support levels, breaking through the upward channel border. The market formed a long-tailed bar on the daily timeframe, which suggests...

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This week the price of OANDA:XAUUSD XAUUSD made ATH and went down, as I predicted in my last weekly forecast. Clearly, gold prices are under downward pressure. The strength of the TVC:DXY often moves in the opposite direction to gold, making it less attractive when the dollar is strong. The recent false breakout of the resistance zone in gold price...

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The price is testing the resistance zone. FX:USDCAD is moving sideways on the 4H timeframe. The market has reached a strong resistance zone on the D timeframe, which suggests that we may have a pullback from the resistance zone. There is high-impact upcoming news we should be aware of that can shake the price in any direction. I expect a pullback from the...