• XAUUSD approaching resistance, watch for breakout!

    \ XAUUSD is approaching our first resistance at 1208.76 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a breakout of this level might push price up to our major resistance at 1239.19 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1208 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1197 (horizontal swing low support). Stochastic (55,5,3) is also approaching our major resistance and a reaction off this level might […]

  • XAUUSD approaching support, potential bounce!

    XAUUSD is approaching our first support at 1200.59 (horizontal pullback support, 50%, 23.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1237.64 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension, 38.2% Fibonacci retracement, long term descending resistance line). Ichimoku cloud is also […]

  • XAUUSD approaching support, potential bounce!

    XAUUSD is approaching our first support at 1218.62 (Horizontal swing low support, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1238.35 (horizontal pullback resistance, 50% Fibonacci retracement, 100% Fibonacci extension). A breakout above our intermediate resistance level at 1233.26 (horizontal […]

  • XAUUSD breaking out of ascending support line, potential drop!

    XAUUSD has made a slight breakout of its ascending support line. If it breaks past its 1st support at 1297 (38.2% Fibonacci retracement, horizontal overlap support), it could be a confirmation of a further move downwards to its major support at 1288 (76.4% Fibonacci retracement, horizontal swing low support). RSI (34) is being held up […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1304.00 (horizontal swing high resistance, short term descending resistance line, 78.6% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1288.55 (horizontal swing low support, 76.4% Fibonacci retracement). A breakout below our intermediate support at 1297.49 (horizontal overlap support, […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1301.45 (horizontal pullback resistance) and a strong reaction might occur below this level, pushing price down to our major support at 1288.55 (horizontal swing low support, 76.4% Fibonacci retracement). A breakout below our intermediate support at 1297.49 (horizontal overlap support) might provide the bearish acceleration to our major […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1304.16 (horizontal pullback resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where price might potentially drop to our major support at 1283.99 (horizontal swing low support). Stochastic (21,5,3) is also approaching our resistance and a reaction off this level might be a good precursor for a potential drop in […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1301.3 (horizontal pullback resistance, 38.2% Fibonacci retracement) which coincides with our short-term descending resistance line. A strong reaction might occur below this level, pushing price down to our major support at 1283.99 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with […]

  • XAUUSD approaching support, potential bounce!

    XAUUSD is approaching our first support at 1286.39 (horizontal swing low support, 61.8% Fibonacci retracement). A strong bounce might occur above this level pushing price up to our major resistance at 1301.80 (horizontal swing high resistance, 61.8 % Fibonacci extension). Ichimoku cloud is also showing signs of bullish pressure, in line with our bullish bias. […]

  • Gold looking poised for a major bounce!

    XAUUSD is seeing major support above 1285 ( Fibonacci retracement , fibonacci extension , bullish divergence ) and a strong bounce could occur at this level to push prices all teh way up to major resistance at 1302 ( Fibonacci retracement , fiubonacci extension, horizontal pullback resistance). Stochastic (55,5,3) also sees major support above 2.7% […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1315.07 (horizontal swing high resistance, 23.6% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1308.61 (horizontal swing low support, 161.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure, in line with our bearish bias. RSI […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1325.87 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) which coincides with our short term descending resistance line. A strong reaction might occur below this level, pushing price down to our major support at 1302.72 (horizontal swing low support, 161.8% Fibonacci retracement). A breakout below our […]

  • XAUUSD approaching resistance, potential drop!

    Price is approaching our first resistance at 1325.87 (horizontal swing high resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong drop might occur below this level, pushing price down to our major support at 1302.72 (horizontal swing low support). Stochastic (89,5,3) is also approaching our major resistance where a reaction off this level might […]

  • XAUUSD approaching support, potential bounce!

    XAUUSD is testing our first support at 1310.48 (horizontal overlap support, breakout level). A strong bounce might occur above this level, pushing price up to our major resistance at 1325.87 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement). A breakout above our intermediate resistance at 1318.17 (horizontal swing high resistance, 23.6% Fibonacci retracement) […]