02.07.2022
Chicago 12, Melborne City, USA
Politics

Gold Storms to Fresh Lows as Negative Momentum Strengthens:

Gold has been in a sustained downtrend after it failed to cross beyond the 1,857 region. Moreover, in the past few four-hour sessions, the price has dived beneath both 50- and 200-period simple moving averages (SMAs) and is currently battling with its lower Bollinger band, painting a gloomy short-term technical picture for bullion. The momentum… […]

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Politics

Gold Storms to Fresh Lows as Negative Momentum Strengthens:

Gold has been in a sustained downtrend after it failed to cross beyond the 1,857 region. Moreover, in the past few four-hour sessions, the price has dived beneath both 50- and 200-period simple moving averages (SMAs) and is currently battling with its lower Bollinger band, painting a gloomy short-term technical picture for bullion. The momentum… […]

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Business

Gold Is in a Sideways Trend as It Holds Above $ 1,800 Support

Key Resistance Levels: $ 1,900, $ 1,950, $ 2000Key Support Levels: $ 1,750, $ 1, 700, $ 1,650 Gold (XAUUSD) Long-term Trend: BearishXAUUSD’s price is in a downtrend as price holds above $ 1,800 support. The downtrend subsided after falling to the low of $ 1,799 on May 13. Since May 13, the market has […]

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Business

Gold Holds above $ 1,840 as It Continues Its Sideways Trend

Key Resistance Levels: $ 1,900, $ 1,950, $ 2000Key Support Levels: $ 1,750, $ 1, 700, $ 1,650 Gold (XAUUSD) Long-term Trend: BearishThe gold price has fallen below the moving averages as it continues its sideways trend. In the previous price action, Gold has been fluctuating between the 21-day SMA line and the 50-day SMA […]

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Politics

Gold Price Technical Analysis 13th June 2022:

Gold price started a fresh increase from the $ 1,825 support zone against the US Dollar. The price broke the $ 1,840 resistance to move into a positive zone. Besides, there was a clear move above a major bearish trend line with resistance near $ 1,845 on the hourly chart. The price even settled above […]

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Business

Gold (XAUUSD) Price Is Struggling to Penetrate $ 1,868 Level

Gold Weekly Price Analysis – June 11 Gold price may continue an uptrend movement provided the resistance level of $ 1,868 is broken upside, possibly, $ 1,888 and $ 1,915 levels may be tested. In case the bears defend the resistance level of $ 1,868, the price may decrease towards $ 1,833, $ 1,805 and […]

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Business

Gold Continues Sideways Move but Is Unable To Sustain Above $ 1,870

Key Resistance Levels: $ 1,900, $ 1,950, $ 2000Key Support Levels: $ 1,750, $ 1, 700, $ 1,650 Gold (XAUUSD) Long-term Trend: BearishGold is in a sideways move but is unable to sustain above $ 1,870. XAUUSD price has continued to fluctuate between the 21-day line SMA and the 50-day line SMA. Since May 24, […]

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Politics

GOLD ($ XAUUSD) Forecasting The Rally After Elliott Wave Zig Zag Pattern

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of GOLD, published in members area of ​​the website. As our members know, GOLD is giving us correction of the cycle from the 2069 high. Recently GOLD ($ XAUUSD) made a pull back that has… GOLD […]

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Business

Gold Is in a Sideways Move, Fluctuates below $ 1,870

Key Resistance Levels: $ 1,900, $ 1,950, $ 2000Key Support Levels: $ 1,750, $ 1, 700, $ 1,650 Gold (XAUUSD) Long-term Trend: BearishGold is in a downward correction as it fluctuates below $ 1,870. Gold is trading above the 21-day line SMA but below the 50-day line SMA. Buyers could not push the Gold to […]

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Business

Gold Is in a Downward Correction as It Faces Rejection at $ 1,870

Key Resistance Levels: $ 1,900, $ 1,950, $ 2000Key Support Levels: $ 1,750, $ 1, 700, $ 1,650 Gold (XAUUSD) Long-term Trend: BearishGold is in a downtrend as it faces rejection at $ 1,870. The price broke above the 21-day line moving average but retraced above it. Gold is now trading above the 21-day line […]

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