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GOLD rejected off $1,350 strongly ahead of FOMC Meeting. June 17, 2019
Gold recently rejected off the $1,350 area with a strong bullish move inside the overall bearish bias while forming a Bearish Divergence. This...
Posted On 17 Jun 2019
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Gold Hits 14-month High On Safe-haven Demand
Gold prices rose over 1 percent on Friday to surpass the key $1,350 level for the first time since April last year, as renewed trade tensions,...
Posted On 14 Jun 2019
GOLD to reach $1350 soon. June 13, 2019
Gold managed to regain momentum after throwback towards $1320 support area. It is currently heading towards $1350 resistance area. After the...
Posted On 13 Jun 2019
Gold Prices Slip As Dollar Steadies
Gold prices fell slightly on Tuesday and the dollar steadied above a recent two-and-a-half-month low as investors shifted their focus to the G20...
Posted On 11 Jun 2019
Technical analysis of weekly chart on Gold
Gold price ended the week close to its highest level and to new weekly closing highs, even above February highs. There is very important...
Posted On 08 Jun 2019
Analysis of Gold for May 30, 2019
Gold price has been trading downwards. The price did hit our down target from yesterday at $1.275 and did flip up, which is sign of the reversal....
Posted On 30 May 2019
GOLD to rebound off $6500? May 22, 2019
GOLD remained unchanged and indecisive below $1276 area sustaining the bearish momentum. Gold prices are likely to advance $1265 support area....
Posted On 22 May 2019
Gold Prices Ease Ahead Of Fed Decision
Gold prices eased on Wednesday and the dollar held steady as investors await the outcome of a Federal Reserve meeting. Spot gold slid 0.1 percent...
Posted On 01 May 2019
Technical analysis for Gold for April 19, 2019
Gold price remains in a bearish short-term trend. Gold price broke below important support levels but the move lower has not extended yet towards...
Posted On 19 Apr 2019
Technical analysis for Gold for April 17, 2019
Gold price broke below important support area of $1,280-90 yesterday. Trend remains bearish. Price should continue lower towards $1,250-60 over...
Posted On 17 Apr 2019
Analysis of Gold for April 12, 2019
Gold has been trading sideways at the price of $1.291.00 in past 16 hours. We still expecting downward movement. According to the H4 time-frame,...
Posted On 12 Apr 2019
Technical analysis for Gold for April 11, 2019
Gold price continued its upward move towards our first short-term target of $1,310-15 area. Price back tested the support area at $1,300 and...
Posted On 11 Apr 2019
Technical analysis for Gold for April 9, 2019
Gold price has broken above short-term resistance and is expected to move towards $1,315. Bulls need to recapture the $1,300 level as soon as...
Posted On 09 Apr 2019
Gold Dips As Dollar Strengthens
Gold prices fell slightly on Thursday as the dollar gained ground following more dovish sounding from central banks. Spot gold and U.S. gold...
Posted On 28 Mar 2019
Gold Drops On Firm Dollar Ahead Of Fed Decision
Gold prices fell slightly on Wednesday and the U.S. dollar firmed up against its peers as investors awaited the Fed’s interest-rate...
Posted On 20 Mar 2019
Technical analysis for Gold for March 19, 2019
Gold price so far has held support at $1,292 and has also recaptured $1,300. As long as price is above $1,300-$1,292 support area we could see a...
Posted On 19 Mar 2019
Technical analysis for Gold for March 18, 2019
Gold price is trading around important pivot level of $1,300. As long as price is above it there are many chances we see another run higher...
Posted On 18 Mar 2019
Technical analysis for Gold for March 13, 2019
Gold price has moved above $1,300 after pulling back towards $1,290 as expected. Our next target was at $1,310 and as long as price remains...
Posted On 13 Mar 2019
Gold Holds Near One-week High
Gold prices eased slightly on Monday after climbing 1 percent on Friday following data that showed U.S. employment growth almost stalled in...
Posted On 11 Mar 2019
Analysis of Gold for March 08, 2019
GBP/USD has been trading upwards as we expected. Trading range is broken and the buyers are in control. As we mentioned yesterday, key resistance...
Posted On 08 Mar 2019
Technical analysis for Gold for March 7, 2019
Gold price has not bounced as high as we expected and this sideways consolidations opens up the scenario for a new lower low before a bigger...
Posted On 07 Mar 2019
Technical analysis for Gold for March 6, 2019
Gold price is showing reversal signs. As I explained in our last analysis, Gold price is most probably going to bounce towards the $1,300 level....
Posted On 06 Mar 2019
Technical analysis for Gold for March 4, 2019
Gold price has made a strong reversal from $1,340 area as expected. Gold price has pulled back right at the lower channel boundary and 38%...
Posted On 04 Mar 2019
Analysis of Gold for March 01, 2019
Gold breached the 4-day balance support ($1.320.00) and on that way confirmed the direction. The current bearish tone on Gold came from the fake...
Posted On 01 Mar 2019
Technical analysis for Gold for February 26, 2019
Gold continues to trade just above the break out area of $1,326. Current price action in Gold implies that more downside is more probable than a...
Posted On 26 Feb 2019
Technical analysis for Gold for February 25, 2019
Gold price is trading around $1,330 holding short-term important area of $1,326-30 once resistance now support. Price pulled back for a back test...
Posted On 25 Feb 2019
Technical analysis for Gold for February 22, 2019
Gold price as expected has reversed and is pulling back towards previous resistance of $1,326 now support. Gold price should find support at...
Posted On 22 Feb 2019
Analysis of Gold for February 21, 2019
The Gold market went into the overbought condition at the price of $1.346.00, which is a sign that buying looks risky. In our view, downward...
Posted On 21 Feb 2019
Technical analysis for Gold for February 21, 2019
Gold price is showing reversal signs. Yesterday I mentioned that it is time for bulls to take profits and turn neutral or even bearish. Gold will...
Posted On 21 Feb 2019
Technical analysis for Gold for February 20, 2019
Gold price has hit all our short-term targets after breaking above $1,317 when our last bullish signal was given. Price has reached the upper...
Posted On 20 Feb 2019
Technical analysis for Gold for February 19, 2019
Gold price is making higher highs as expected after breaking above the short-term resistance at $1,317. In our past analysis I mentioned that...
Posted On 19 Feb 2019
Technical analysis for Gold for February 15, 2019
Gold price continues to trade inside the trading range of $1,300-$1,1317. Medium-term trend remains bullish as long as price is inside the...
Posted On 15 Feb 2019
Simplified wave analysis of GOLD for February 8, 2019
Large-scale graphics: The vector of the dominant direction of the short-term trend of gold is directed upwards. The wave completes a larger...
Posted On 08 Feb 2019
Analysis of Gold for February 07, 2019
Sellers are in control in the Gold market. We found a confirmed head and shoulders pattern and absorption of the buying climax in the background,...
Posted On 07 Feb 2019
Technical analysis for Gold for February 7, 2019
Gold price has reached our short-term pull back target of $1,300 as expected from $1,320. This is where bulls need to react in order to keep the...
Posted On 07 Feb 2019
Ichimoku cloud indicator analysis for Gold for February 5, 2019
Gold price after topping at $1,326 has made a 15$ pull back and is now trying to bounce higher once again. Although technically trend remains...
Posted On 05 Feb 2019
Gold testing 1,307 USD/oz as the closest support
December and January were great for gold. February started off very well too, although we do currently have a small bearish correction. Does that...
Posted On 05 Feb 2019
Analysis of Gold for February 04, 2019
Buying climax in the background on Gold evolved into larger weakness as I expected. The price tested the level of $1.310.00. We found a confirmed...
Posted On 04 Feb 2019
Technical analysis for Gold for February 1, 2019
Gold price has reached our target area and has stopped its rise after reaching $1,326. Gold price is now expected to move lower towards $1,300....
Posted On 01 Feb 2019
Analysis of Gold for January 31, 2019
Gold continues to rally as expected. Our bullish positions looks very stable and we expect the test of the $1.340.00 (major target). Buyers are...
Posted On 31 Jan 2019
Ichimoku cloud indicator analysis for Gold for January 31, 2019
Gold price has reached our upper target boundary of $1,320 and I prefer to be neutral at current levels as I now expect a pullback at least...
Posted On 31 Jan 2019
Technical analysis for Gold for January 30, 2019
Gold price has reached my $1,315 target and we could see a small move higher towards $1,320 as well. However this is not the time to be greedy....
Posted On 30 Jan 2019
Technical analysis for Gold for January 29, 2019
Gold price continues to trade above $1,300 after breaking short-term resistance and is heading towards our $1,315-20 target area. Trend remains...
Posted On 29 Jan 2019
Analysis of Gold for January 28, 2019
Gold continues to rally as expected. Our first target at the price of $1,295.00 is reached, but there is still plenty of space for the upward...
Posted On 28 Jan 2019
Technical analysis for Gold for January 25, 2019
Gold price remains near its highs of $1,298.50 consolidating in a sideways movement. Medium-term trend remains bullish and a break above $1,292...
Posted On 25 Jan 2019
Analysis of Gold for January 24, 2019
As long as the support at the price of $1,276.00 is active, I am bullish on Gold. I found a failed test of the the Pitchfork median line, which...
Posted On 24 Jan 2019
Technical analysis for Gold for January 24, 2019
Although Gold price remains in an upward sloping channel, there is no sign from bulls that the pull back and correction from $1,300 is over....
Posted On 24 Jan 2019
Technical analysis for Gold for January 23, 2019
Gold price has been in an up trend since August and has managed to rise from $1,160 to nearly $1,300 where we find an important Fibonacci...
Posted On 23 Jan 2019
Technical analysis for Gold for January 22, 2019
Gold price got rejected at $1,300 and broke the triangle pattern downwards. Our target remains $1,272 area and the 38% Fibonacci retracement...
Posted On 22 Jan 2019
Technical analysis for Gold for January 21, 2019
Gold price dropped last week 0.5% to $1,281 as risk on in equities and stronger Dollar brought sellers in the precious metal pushing prices...
Posted On 21 Jan 2019
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Forexalchemy.com is made available as an online source of Foreign exchange trading information and related-materials only. By using ForexAlchemy you acknowledge and understand that we are not soliciting participation in Forex trading. You also acknowledge and agree that there are large potential risks associated with investment and trading activity and that you have accepted such risks before deciding to invest and before deciding to use ForexAlchemy as a source of trading-related information and materials. Please read our full disclaimer and terms of use before using this website:
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