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.
An evaluation of the technical aspects: An image depicting analytics can be seen below: Today, gold has been trading higher and I noticed a breakout of the previously established trading range in an upwards direction, indicating a likely continuation in this direction. The suggestion for trading is to: Because of.
Gold price is trading around $1,870. Short-term trend according to the Ichimoku cloud indicator is still bullish as price remains above the Kumo (cloud) in the 4 hour chart. However price has shown a sign of weakness as it is trading below the tenkan-sen (red line indicator). It is too.
Technical analysis: Gold has been trading sideways overnight and I see potential for the breakout play. Trading recommendation: In case of the breakout of defined resistance zone at $1.880, watch for buying opportunities with the upside objective at $1.890 In case of the breakout of the support zone at the.
Dow Industrial Average has given up its gains and currently trades down -98 points or -0.3% at 33529 The S&P index is still up 5.7 points or 0.15% at 3900.77. The NASDAQ index is up 96.3 points or 0.91% at 10665.03, but both are well off highs (and getting close.
Gold price is making new short-term higher highs above $1,875. Price continues making higher highs and higher lows after the pull back towards $1,825. On a daily basis the tenkan-sen (red line indicator) has been respected and price remains above it and above the kijun-sen (yellow line indicator). On a.
Technical analysis: Gold has been trading upside as I expected and the price has reached many upsice objectives and there still chances for the higher prices. Trading recommendation: Due to the strong upside pressure and short-term trend in the background, I see potential for further upside movement after the downside.
Blue lines- bullish channel Black line- bearish divergence Gold price is again above $1,860. Gold remains supported inside the short-term bullish channel and is very close to providing a new higher high. Technically trend remains bullish despite the short-term weakness. The weakness we witnessed recently was not strong enough to.