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XAUUSD Technical Analysis on the Daily Time Frame on 10th April 2018

XAUUSD TECHNICAL ANALYSIS Gold is consolidating within a triangle at the moment with a base around the 1321 prize zone. Price have been swinging within a slightly downward sloping channel since late January this year and we have yet to see the main direction gold would want to take. At the moment, traders have been

By |2018-04-10T12:03:13+00:00April 10th, 2018|Categories: Daily Technical Strategy, XAUUSD|Tags: , |0 Comments

Gold Technical Analysis (Daily Chart) on 3rd February 2017

Gold / XAUUSD – On the daily time frame this precious metal has broken below the uptrend channel and looks heavy at the moment. The next downside target and support level can be seen at 1226.44 and below that 1216.59. 1244 is first topside resistance. If price moves back up and into the channel, it nullifies

By |2017-03-12T14:56:59+00:00March 3rd, 2017|Categories: Daily Technical Strategy|Tags: , |0 Comments

Gold Technical Analysis (Daily Chart) on 2nd February 2017

Gold / XAUUSD – On the daily time frame this precious metal is currently within an uptrend channel. Yesterday's price action saw it testing the bottom of the channel and a quick rebound ensued as buyers came in at the 1236.63 level. Below that and we have price closing below the channel and the 15 ema. If

By |2017-03-12T14:58:12+00:00March 2nd, 2017|Categories: Daily Technical Strategy|Tags: , |0 Comments

Gold Technical Analysis (Daily Chart) on 25th October 2016

Gold / XAUUSD – On the daily time frame this precious metal is currently retracing from $1250 lows. The fall from above the $1300 zone have made many gold bulls afraid to enter at these levels. The downtrend line which is acting as resistance at the area above the $1300 zone has proven itself to be

By |2017-01-01T13:00:51+00:00October 25th, 2016|Categories: Commodity Technical Outlook, Daily Technical Strategy|Tags: , |0 Comments

Gold Technical Analysis (Weekly Chart) on 6th September 2016

Gold - On the weekly time frame we can see that gold have bounced off key support area at around the 1300 level. Traders have been looking to buy at that area and if you are not already long this pair, you can look to buy when you see any weakness in this pair this

By |2017-01-01T13:00:56+00:00September 6th, 2016|Categories: Commodity Technical Outlook, Daily Technical Strategy|Tags: , |0 Comments

Gold Technical Analysis (Weekly Chart) on 28th August 2016

Gold - On the weekly time frame gold so far have been on the rise and is very near near term resistance around 1400 zone. Current weekly price action shows us a bearish candle close with 2 preceding pintail candles indicating that we might be seeing lower gold prices next week possibly moving towards nearest

By |2017-01-01T13:00:56+00:00August 28th, 2016|Categories: Commodity Technical Outlook, Daily Technical Strategy|Tags: , , |0 Comments

Gold Technical Analysis – Daily Time Frame 27th June 2014

The yellow metal is challenging the down trend line at the moment on the daily time frame. Price has gone sideways and a close above the down trend line will take us to next resistance level in the form of the 61.8% Fibonacci level at 1335.4 Good thing for the bulls is that the price

By |2017-01-01T13:01:10+00:00June 27th, 2014|Categories: Daily Technical Strategy|Tags: , , |0 Comments
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