MACD indicates that momentum is improving, but it remains in Bullish territory. I expect the histogram as well as moving average to approach the centerline during the expected move Lower. RSI is trading in territory and a breakout should initiate the rally.Current Level 1308 I expect the pair to be trading near 1282 towards the end of the forecast period which will conclude on the 2nd of October, 12:00 GMT Ideally, the pair will follow the expected price path as outlined on the charts.
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GOLD UP TREND NEXT MONTH
MACD indicates that momentum is improving, but it remains in Bullish territory. I expect the histogram as well as moving average to approach the centerline during the expected move Lower. RSI is trading in territory and a breakout should initiate the rally.Current Level 1250 I expect the pair to be trading near 1272 towards the end of the forecast period which will conclude on the 1st of August, 12:00 GMT Ideally, the pair will follow the expected price path as outlined on the charts.
GOLD
MACD indicates that momentum is improving, but it remains in Bullish territory. I expect the histogram as well as moving average to approach the centerline during the expected move Lower. RSI is trading in territory and a breakout should initiate the rally.Current Level 1248.61 I expect the pair to be trading near 1200 towards the end of the forecast period which will conclude on the 1st of May, 12:00 GMT Ideally, the pair will follow the expected price path as outlined on the charts.
GOLD
MACD indicates that momentum is improving, but it remains in BULLISH territory. I expect the histogram as well as moving average to approach the centerline during the expected move higher. RSI is trading in territory and a breakout should initiate the rally.Current Level 1252 I expect the pair to be trading near 1240 towards the end of the forecast period which will conclude on the 3rd April, 12:00 GMT Ideally, the pair will follow the expected price path as outlined on the charts.
XAUUSD
MACD indicates that momentum is improving, but it remains in bearish territory. I expect the histogram as well as moving average to approach the centerline during the expected move higher. RSI is trading in territory and a breakout should initiate the rally.Current Level 1186.6620 I expect the pair to be trading near 1226.63 towards the end of the forecast period which will conclude on the 2nd of January, 12:00 GMT Ideally, the pair will follow the expected price path as outlined on the charts.
GOLD
As Gold managed to hold trades below resistance zone 1335-60 a drop correction find the way where market looking to test 1317-20 support zonefrom that zone a rebound movement may hit the market again toward 1340-44 zonebelow 1317 market will face support at 1310 and 1303 where below 1303 market may head for farther drop movement toward 1285-96 zone
GOLD
As we advised last week, market jump into Gold as U.K decide to leave EU which spur demand for safe haven market managed to retreat toward 1307 zone where we will consider 1300-10 as the support zone however market still facing 1335 as resistance level which need a daily close above this level to confirm uptrend wave that may target 1393 and 1435 a break below 1300 may head the market again for drop correction toward 1255-60
GOLD Up Trend Next Month
Charts: 4HOUR,
The Gold has corrected sharply after trading inside its horizontal as visible in this daily chart (H4).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the Gold to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to approach…
The Gold has corrected sharply after trading inside its horizontal as visible in this daily chart (H4).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the Gold to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to approach…
Gold down Trend
From the technical viewpoint, the metal could head lower if prices breach 20-SMA in the 4 hours chart. The daily RSI is falling from the overbought. On the other hand, important intraday support is located at the $1208/10 level, followed by the $1199/1200 levels
Gold Down trend
Gold prices turned higher Spot gold erased most of its latest losses and rallied up to $1,242.98, as a rate hike in the US is now out of the table, as she made it clear that she wants to go slow when it comes to hiking interest rates. Now holding around 1,235.00, the commodity has accelerated its advance after triggering stops above 1,204.00 now a major support. Daily basis, the recovery is still below a bearish 20 SMA, currently at 1,240,00, while the technical indicators have turned north, but…