Gold has been trading sideways between Support 1 and resistance for two weeks. If you are bullish, you should look for a breakout above the resistance 1 price level. If you are bearish, check the support 1 price level for an exit. If the price breaks out of Support 1, the next stop is around …

Gold Trading Sideways – Technical Analysis Read More »

A week ago I share simple analysis for XAU/USD, the price is thill moving inside price levels that I explain before.

After GBP/USD found support at the trendline, the price started a small bullish trend. Please check the image for the first resistance. Stay tuned for for more updates.

“Gold has finally reached support at the daily trend line. The support 1 price level and trend line are attempting to keep the price above. If the price breaks those support levels and continues in a downtrend, the next support level is at Support 2 (as shown on the chart above). If the price rejects …

XAU/USD – Gold Finally Reach Daily Support Trend LIne Read More »

The price of gold is moving according to the levels that we explained in yesterdays technical analysis. After breaking the channel resistance, it reached the resistance 1 price level. During a London session, the price retested the previous channel resistance, which has now become a price support level. Gold is still trading high. Keep an …

GOLD – Key Support and Resistance Levels – Technical Analysis Update Read More »

Take a look at the EUR/USD chart on the H4 time frame (above). The price is still moving inside a descending channel. It continues to decline and is getting closer to the support level of 10500.

The price of gold is in a neutral position according to the most popular indicators and based on the analysis of trading tools. This presents a great opportunity in the upcoming days. The key levels to watch are the resistance levels (1, 2, and 3) and the support trendline for day trading.