Gold (XAU/USD) Technical Outlook by AliForexTalks
- Thread starter AliForexTalks
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Gold Daily Outlook - Aug 11, 2022
The gold price moves negatively, breaking the bullish channel's support line and heading towards a probable test of the first significant level at 1779.25, backed by unambiguous positive indications from stochastic, while the EMA 50 meets the aforesaid support, adding strength to it.
As a result, we anticipate positive trades in the coming sessions, with the targets beginning with testing 1802.80 again and attempting to breach it to head towards 1831.95, while breaking 1779.25 will halt the expected rise and press on the price to achieve further decline and visit 1755.70 before determining the next destination.
Today's trading range is likely between 1770.00 support and 1805.00 resistance. Good luck!
The gold price moves negatively, breaking the bullish channel's support line and heading towards a probable test of the first significant level at 1779.25, backed by unambiguous positive indications from stochastic, while the EMA 50 meets the aforesaid support, adding strength to it.
As a result, we anticipate positive trades in the coming sessions, with the targets beginning with testing 1802.80 again and attempting to breach it to head towards 1831.95, while breaking 1779.25 will halt the expected rise and press on the price to achieve further decline and visit 1755.70 before determining the next destination.
Today's trading range is likely between 1770.00 support and 1805.00 resistance. Good luck!
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Looks to be a short term retracment. Looking for buys
Gold Daily Outlook - Aug 30, 2022
Gold failed to hold gains and went below 1750, exposing the door for further losses to the 1730 support level, should it remains below 1760.
A clean breach below the five-week-old ascending trend line drives XAU/USD bears to the horizontal range, including various levels marked since mid-July, around $1,715-12.
However, the RSI conditions may test the XAU/USD pair's further drop past $1,712; if not, the $1,700 level may seem like the last line of defense for bulls before marking the yearly bottom near $1,680.
Gold failed to hold gains and went below 1750, exposing the door for further losses to the 1730 support level, should it remains below 1760.
A clean breach below the five-week-old ascending trend line drives XAU/USD bears to the horizontal range, including various levels marked since mid-July, around $1,715-12.
However, the RSI conditions may test the XAU/USD pair's further drop past $1,712; if not, the $1,700 level may seem like the last line of defense for bulls before marking the yearly bottom near $1,680.
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again you are not trading seriously and you are not taking serious effort to post quality
information.
Again where the hell is the X axis ?!?!?
Could you please elaborate on the 'X axis' etc or point me in the direction of some information?
Gold Daily Outlook - September 12, 2022
Gold price failed to breach the $1,726.60 level, continuing to trade badly and completing the formation of a bearish flag pattern on the chart, putting the price under greater negative pressure in the coming sessions, on its path to negative targets that begin at $1,690.00 and continue to $1,680.00.
As a result, a bearish bias is recommended for today, assuming that a break of $1,726.60 will end the negative scenario and lead to new gains. The projected trading range for today is between $1,690.00 support and $1,726.00 resistance.
Today's Projected Trend: Bearish.
Gold price failed to breach the $1,726.60 level, continuing to trade badly and completing the formation of a bearish flag pattern on the chart, putting the price under greater negative pressure in the coming sessions, on its path to negative targets that begin at $1,690.00 and continue to $1,680.00.
As a result, a bearish bias is recommended for today, assuming that a break of $1,726.60 will end the negative scenario and lead to new gains. The projected trading range for today is between $1,690.00 support and $1,726.00 resistance.
Today's Projected Trend: Bearish.
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Gold Daily Outlook - September 19, 2022
Gold Technical Outlook
Gold price provided positive trades in previous sessions to test the first key resistance at $1,680 and began to fall by today's open to resumption of the primary bearish trend, structured within the bearish channel that shows up on the chart, backed by stochastic negativity, having to wait to head towards our extended targets that begin at $1,644, followed by $1,630.
As a result, the bearish trend scenario will dominate in future sessions, assuming price stability is below $1,690. Today's trading range is likely to be between $1,645 support and $1,685 resistance.
Today's projected trend: Bearish
Gold Technical Outlook
Gold price provided positive trades in previous sessions to test the first key resistance at $1,680 and began to fall by today's open to resumption of the primary bearish trend, structured within the bearish channel that shows up on the chart, backed by stochastic negativity, having to wait to head towards our extended targets that begin at $1,644, followed by $1,630.
As a result, the bearish trend scenario will dominate in future sessions, assuming price stability is below $1,690. Today's trading range is likely to be between $1,645 support and $1,685 resistance.
Today's projected trend: Bearish
