Tag: Gold Analysis

Gold Analysis Gold has formed an Ascending triangle pattern after falling from the recent high. Wait for the confirmation of breakout from this Ascending Triangle pattern. Recently, Gold has reached the higher low level of an Uptrend line and made some consolidation at the support zone After that market starts to rise from the support zone and Gold price reached the Resistance high making +4000 points move. Now, the Gold price fall down on friday from the resistance (recent high), which leads to the formation of Ascending Triangle pattern. Gold Price Rising Gold prices elevate as Joe Biden spending plan ... Read more

Gold is still moving in an uptrend – Ascending channel by forming higher highs and higher lows in the 4-hour timeframe chart. Let’s wait for the breakout from this channel or else the gold price may fall from the next resistance at 1810. If you are looking for a reliable broker to scalp, with discounted commission rates, we recommend IC Markets Australia. We have arranged a 21% real-time commission discount for their MT4 platform, or 8% real-time commission discount for cTrader. Simply sign up for an account using this link. Use our promo code (Partner ID / introducing broker ID): 49727, when opening an account. If ... Read more

Gold hits the low price level of the downtrend line good to buy now? check here: Gold is moving in a downtrend by forming lower highs and lower lows in the daily time frame chart. In our last week Gold update , we recommend to our users that gold is going to reach the lower low zone (bottom) of the downtrend line. Finally, Gold hits the lower low zone of the downtrend line now. The US Dollar remains strong, so wait for the complete confirmation of reversal or breakout for entering into the gold. Gold Prices seems lower as US ... Read more

Gold price going to fall?  Gold Price Analysis After 9 years, the Gold price reached this high and standing at this resistance zone for a few months. Gold trying to fall from this topmost resistance zone in the Monthly Timeframe chart. In the daily timeframe chart, Gold is standing currently at the support zone, If the gold breaks the current support, the next further destination support zones of gold are 1725 and 1680