GOLDPIPSMAKER

GOLDPIPSMAKER Updated  Jul 27, 2023

Gold price is higher above $1970 during early New York trading session ahead of the Fed. Fed Powell’s speech will be crucial for gold buyers as 0.25% rate hike priced in. XAUUSD tested 1950 support and bounced yesterday which opened the path to $1970. However, a supply zone from May, around $1983 - 1987, appears a tough nut to crack for the XAUUSD bulls. We will...

GOLDPIPSMAKER Updated  Jul 12, 2023

XAUUSD is currently trading above 1930 as the US Dollar is under pressure. The support is found near $1923 is providing a cushion to the gold bulls. A break above $1940 will open a path to next resistance $1950. We are looking to buy gold after a pullback with first target $1940 and second target $1950.

GOLDPIPSMAKER Updated  Jul 5, 2023

XAUUSD retested $1920 demand earlier today and currently experiencing a bullish move towards $1930 which is a short time resistance. Following that, the previous weekly high near $1934 may prod the XAUUSD bulls before directing them to $1950 supply zone. The support can be found at $1918 followed by $1900. FOMC minutes and Fed Powell tonight will influence next...

GOLDPIPSMAKER Updated  Jul 4, 2023

XAUUSD price stays below $1930 major resistance and struggles to extend Friday’s corrective pullback. It remains sidelined between the $1905 and $1930 trading range. As $1915 support was broken, $1904 and the $1900 may be the next target for gold sellers. From a technical perspective, gold stays below $1922 and we can expect further decline. 4th of July holiday in...

GOLDPIPSMAKER Updated  Jun 20, 2023

XAUUSD retraced from the high of $1967 to the low of $1953 on Friday during US trading session. Looking ahead to next week and the range between $1930 - $1970 continues to hold with a daily candle close on either side of the range likely to facilitate a push in that direction. The horizontal resistance is found at $1985 which can be reached after a firm break of...

GOLDPIPSMAKER Updated  May 25, 2023

XAUUSD remains vulnerable around intraday low of near $1960 as it drops for the second consecutive day while reversing Friday’s corrective bounce to $1980. The immediate resistance near $1965 suggests further downside of the gold price. A strong break below $1950 major support opens a path to March swing low of $1935. The resistance close to $1977 can challenge...

GOLDPIPSMAKER Updated  May 17, 2023

Gold price faces the biggest daily loss in a week at the lowest level. XAUUSD currently trading near $1986, a break of $1980 could direct the gold price towards $1975 support followed by previous monthly low $1950. The recovery can be done if gold buyers manage to move the price above $2000 and $2013 resistances. Market’s sentiment and the metal’s inability to...

GOLDPIPSMAKER Updated  May 16, 2023

Xauusd rebounds from $2010 and currently trading near $2015. The immediate resistance is near $2021 followed by $2030 and multiple tops near $2050. A downside break of $2010 would direct Gold price toward the $2000 psychological level. If broken $1980 and $1970 demand zonw could be next target for the sellers. We are looking to buy Gold with a target $2026.

GOLDPIPSMAKER Updated  Feb 17, 2023

Xauusd price fell below $1850 on Wednesday. Currently pressured near $1836 gold may fall to test $1830 and $1825 demand zones from January 5 2023. The strong US dollar drive flows away from gold price and is near multi week high with high expectations from the Fed. A recapture of $1850 and $1860 zones are essential for the commodity otherwise the fall below $1825...

GOLDPIPSMAKER Updated  Jan 24, 2023

Gold faced resistance near $1940 and started moving lower during US trading session. Short term correction is happening with a target $1920 towards next demand zone. In case $1917 support broken it could send XAUUSD to $1910-$1900.

GOLDPIPSMAKER Updated  Jan 23, 2023

Gold price is currently trading around $1926 as bulls try to move higher after a five-week uptrend. Possible correction is on the cards. XAUUSD needs to close above $1940 resistance for further gains with first target $1950. The support is found near $1917 area, which if broken could send yellow metal to $1900. In a case gold price drops below $1900, March 2022...

GOLDPIPSMAKER Updated  Jan 13, 2023

Gold price climbed to $1880 today during the US trading session, posting an eight-month high. Any corrective pullback now seems to find decent support near the $1865 -$1855. XAUUSD bulls are likely to aim to reclaim the $1900 for the first time since May 2022. A strong move above $1880 woulf follow a fresh breakout towards $1890 - $1910. The trend is bullish, and...

GOLDPIPSMAKER Updated  Jan 7, 2023

Gold price reached seven-month highs above $1860 in European session as the US dollar is falling. The fresh upside move in the XAUUSD price could be also attributed to the big technical breakout on the daily chart, breaking to the upside from the ascending triangle and closing above $1825. Previous strong resistance now support lies at $1850. The bullish momentum...

GOLDPIPSMAKER Updated  Jan 7, 2023

Gold is moving sideways near $1850 during the European session. XAUUSD failed to move above $1860 and corrected towards $1845 earlier today. It may continue to consolidate until tomorrow NFP release. The trend is still bullish, and we look to buy Gold with a test of $1855 - $1858. The next upside target for the bulls is $1860, above which the previous day’s high...

GOLDPIPSMAKER Jan 3, 2023

Gold tested $1850 supply zone during the first trading day of 2023 and was unable to break it. Gold bulls seems getting exhausted and we may go for a pullback. The support is found at $1830 which was tested earlier today. A slide below it could trigger a reversal and XAUUSD may test $1820.US dollar rebound will also have impact on the commodity. We consider...

GOLDPIPSMAKER Updated  Dec 28, 2022

Gold price is currently trading near $1806, extending a pullback from six months high. XAUUSD remains pressured below $1825 which is needed to regain for more upside for the bulls. Fundamentally, Gold weakness could be linked to easing optimism of China reopening after 3 year closure due to Covid-19. The US dollar moving higher as well. Currently we have a triple...

GOLDPIPSMAKER Dec 27, 2022

Hello Traders Happy Holidays! Gold started the week with a bullish move and gap up. The next critical resistance is seen at the Fibonacci 23.6% one-week at $1815, which if broken can lead gold to $1820. The previous week’s high at $1825 is the level to beat for gold bulls for further gains before the end of 2022. $1804 offers immediate support to gold buyers. A...

GOLDPIPSMAKER Updated  Dec 2, 2022

Gold price consolidates recent gains after crossing the key resistances near $1800. The US Dollar rebound would allow Gold to have a pullback. The market awaits the key US Nonfarm Payrolls (NFP) during early Friday. If $1796 support broken another key level is the previous month’s top near $1787. Failure to keep above would open the door to $1750. The previous...