The stock markets of Asia are in a state of flux. While the S&P/ASX 200 of Australia and the KOSPI of South Korea grew by 1.14% and 0.35% respectively, Japan’s Nikkei 225 was up by only 0.02%. The Chinese indices of Shanghai and Shenzhen experienced a minor dip of 0.23%.
At $1,887-88, gold is making new highs today. The Kumo (cloud) is still above the Ichimoku cloud indicator in the 4 hour chart at $1,840-45, and trend is still bullish. We use the Ichimoku cloud indicator in the 4 hour chart to identify short-term support levels. First, the tenkan-sen (red.
Analysis of a technical nature: A picture depicting analytics can be seen below: The price of gold has been relatively steady at $1.880; however, I believe there is a possibility for the price to continue climbing and exceed that value. It is advised that trading should be done and a.
Today’s gold price of $1886 was a new high. The blue lines represent the bullish channel. The black line represents the bearish divergence. The gold price did not follow the RSI today. The RSI continues to form lower highs and gives bearish divergence signals. The upper boundary of the channel.
We examine XAUUSD using Fibonacci confluence, correlation, market structure, oscillators, and demand and supply zones. We find high-probability trading positions using advanced techniques such as Fibonacci confluence, correlation, market structure, oscillators, and demand and supply zones.
Bullish channel is depicted by blue lines. Bearish RSI divergence (red line) The current price of gold is about $1,823. As long as price is trading within the bullish channel, the short-term outlook is bullish. Price continues to make higher highs and lows while staying within the lower boundary of.