ElenaMayi

ElenaMayi

The price has surpassed the previous resistance high, stabilized above it, and continues to rise. It is currently moving toward our next target (ATH) at 2955. If it successfully breaks above this level, further upward momentum is expected, potentially reaching 3000, which is a new high. However, the possibility of sudden declines from high levels remains. It is...

ElenaMayi

The price surged and attempted to break the 1.0918 level, however, the resistance proved strong, leading to a reversal and a corrective movement toward 1.0832. The correction may extend further to 1.0767 before the price resumes its upward momentum, aiming to break the resistance level and stabilize above it, ultimately reaching 1.1027 and beyond. However, a...

ElenaMayi Updated 

Investors await U.S. Consumer Price Index (CPI) data due later in the day to analyze the Fed’s interest rate stance going forward this year. If rising price pressures force the Fed to keep interest rates higher, gold may lose its allure as it is a non-yielding asset. The level of 2922 may act as a temporary barrier, leading to a possible rejection as a...

ElenaMayi

The price has broken out of the channel and is now attempting to stabilize above 192.24, indicating a potential shift in market sentiment toward bullish momentum. A confirmed breakout above this level would signal continued buying pressure, likely driving the price higher toward the next resistance level at 194.62. This resistance level represents a key barrier...

ElenaMayi Updated 

The price has been fluctuating around the 2,895 zone, following a previous decline from approximately 2,922. For today's session, we expect the price to test this critical level again. A confirmed break and stability below 2,895 could open the door for further downside movement, potentially targeting 2,844 as the next support. Conversely, a shift toward bullish...

ElenaMayi

Currently, the price is attempting to break the channel and trade outside of it. As long as the price remains above the channel and above 471.30, a correction is expected towards 486.41, and potentially up to 503.97. However, we anticipate that the price will soon break the channel and fall below the support level of 471.30, which would lead to a decline towards...

ElenaMayi

The price is currently in a bullish trend pushing towards the 82K level, where resistance is expected. Once the price reaches 82K, a decline towards the 78K level could occur, acting as support, followed by a further drop to 73K. The bearish trend will remain in play as long as the price stays below 86K, signaling that sellers remain dominant in the...

ElenaMayi Updated 

The price action confirms a bearish sentiment as it remains below the resistance zone, reinforcing the likelihood of a downward movement. The rejection at this level suggests a continuation toward 1,9671, with the possibility of extending further to 1,8325 if selling pressure persists. The overall structure aligns with the broader downtrend, making lower support...

ElenaMayi Updated 

Gold prices inched higher on Monday, supported by a weaker dollar and safe-haven flows amid fears of a global trade conflict, while investors awaited further signals to gauge the U.S. Federal Reserve’s interest rate stance. The price has declined from approximately 2,922. For today, we anticipate that the price will attempt to break and stabilize below 2,895. A...

ElenaMayi Updated 

The price level of 0.2025 is expected to continue its upward movement until it reaches the trendline. Subsequently, a pullback from the trendline is anticipated, leading to a price decline that may result in a breakdown below the 0.2025 and 0.1844 levels. A sustained downtrend could then drive the price further downward to the 0.1328 level. Conversely,...

ElenaMayi Updated 

After the price declines from its peak, the initial correction begins and is currently progressing towards 514.62. From this level, we anticipate another decline, potentially breaking below 503.97. If the price remains beneath this zone, the bearish trend is expected to continue toward 486.41. Conversely, if the price successfully breaks above 514.62, it will...

ElenaMayi

The price has rebounded from the 86.31 support level and has stabilized above 88.36, indicating potential bullish momentum. A short-term correction may occur before the price resumes its uptrend, targeting the resistance levels at 91.66 and 94.04. However, if the price falls below the 86.31 support level, the bearish trend will be activated, increasing the...

ElenaMayi

After a sharp uptrend, the price has stabilized above the support zone between 1.0832 and 1.0767. We anticipate that the price will rise toward the resistance level at 1.0918. Upon reaching this level, a corrective movement is expected before the price attempts to break through the resistance, continuing the upward trend. However, if the price breaks below...

ElenaMayi

Gold inched lower on Friday on some profit-taking, but was on track for a weekly rise as uncertainty around U.S. President Donald Trump’s tariff plans firmed demand, while investors awaited U.S. non-farm payrolls data. The level of 2922 may act as a temporary barrier, leading to a possible rejection as a corrective move before the price gathers enough momentum...

ElenaMayi Updated 

HELLO TRADERS Today, the price is expected to fluctuate between the resistance level of 191.10 and the support level of 188.94. Furthermore, there is a higher probability that the price will decline further, potentially breaking 188.94 and extending toward 187.89. A confirmed breakout below this support zone would reinforce the bearish outlook. On the other...

ElenaMayi Updated 

The overall market direction is an uptrend. We anticipate a short correction before the price continues to rise. The price has stabilized above the 2918 resistance level, confirmed by the daily candle closing above it. As long as trading remains above this level, the price is likely to rise further, targeting the next resistance levels at 2938 and 2955. However,...

ElenaMayi

After a sharp decline, the price may rise and stabilize above 116.37, which would likely increase the chances of a bullish correction toward the resistance level of 124.89. From there, we expect the price to decline, breaking below 116.37 and reaching the next support level at 108.45, potentially extending further until it touches the channel. However, if the...

ElenaMayi Updated 

Gold prices edged higher on Wednesday, aided by a weaker U.S. dollar and political uncertainty following the latest import tariffs announced by U.S. President Donald Trump, which have caused instability in the market. The level of 2919 may act as a temporary barrier, leading to a possible rejection as a corrective move before the price gathers enough momentum for...