Technical analysis: Gold has been trading upside and I found the breakout of the well defined trading range, which is good sign for the further growth. Trading recommendation: Due to the breakout of the defined trading range to the upside, I see potential for the further growth towards the upside.

With the price movement of the Gold commodity asset moving in the Bullish Pitchfork channel and above the Moving Average and the CCI indicator still moving above the 0-100 level, it is certain that Buyers are still siding with Gold on their daily chart so that in the coming days.

Blue lines- bullish channel Red line- bearish RSI divergence Gold price is trading around $1,823. Short-term trend remains bullish as price continues trading inside the short-term bullish channel. The lower channel boundary is still respected as price is making higher highs and higher lows. Support by the lower channel boundary.

Technical analysis: Gold has been trading upside and I found breakout of the defined trading range to the upside, which is good sign for the further rally. Trading recommendation: Due to the breakout of the resistance zone and hold above this key level, I see potetnial for the further growth.

As we approach the end of December and the end of 2022, we take a look what has Gold managed to do over the past months and what the Ichimoku cloud indicator tells us. Gold has barely made any progress relative to December of 2021 but during the year we.

Technical analysis: Gold has been trading downside and I found rejection of the key resistance cluster at $1.820. There is chance for further downside movement. Trading recommendation: Due to the rejection of the strong resistance at $1.820, I see potential for the further downside movement towards lower references. Watch for.

The price of gold developed strong growth in the short term but now it reached a resistance zone. It’s located at 1,816 at the time of writing, below today’s high of 1,822. After its strong growth, the rate could come back to test and retest the immediate downside obstacles before.

XAU/USD 1,822 – 1,825 upside obstacle Gold tries to resume its growth as long as it stays above the uptrend line. Technically, the uptrend line represents a downside obstacle. Still, in the short term, it has moved somehow sideways as the 1,822 former high represents a strong upside obstacle. Staying.

Blue lines- bullish channel Red line- bearish RSI divergence Gold price continues trading around $1,805 as price remains inside the bullish short-term channel. Price yesterday tested the lower channel boundary by making a low around $1,796. Channel support is at $1,794 and for now bulls remain in control of the.

Technical analysis: Gold has been trading upside during the Asia session but I saw rejection of the key resistance zone at the price of $1.809, which is good sign for the further downside movement. Trading recommendation: Due to the test-reject of the key resistance zone, I see potential for the.

Early in the European session, Gold (XAU/USD) was trading around 1,806.05 above the 21 SMA and below the key resistance of 6/8 Murray located at 1,812.50. The positive sentiment in the markets triggered by the news from China lifted the market’s spirits, thus boosting the demand for gold. But it.