sparkrlight

sparkrlight

OANDA:XAUUSD Good day! With the U.S. election tomorrow, gold’s likely to be pretty volatile. Right now, selling pressure seems strong, with limited upside for buyers. If you’re solid on risk management, consider shorting around the Current market price 2741 Or 2743-47 range, keeping a stop loss above 2752 Targeting 2720. Be cautious though – uncertainty can cause...

sparkrlight

OANDA:XAUUSD Gold just broke 2745 and is sitting around 2750 now. With JOLTS data dropping today—which I predict will be positive—we might see a pullback then rise in gold. You can consider buying, aiming for 2760-70, with a stop loss below 2735. If it dips to 2740, that’s another good spot to buy. Buy :- Current price 2750 or 2740 if gold pullback aiming...

sparkrlight

Given the current trend structure, bulls Broke downward pressure of the triangle consolidation to complete the test of the supply zone at point D 2430 .Whether a significant pullback will follow remains to be seen, as the current time cycle still appears congested, which may hinder further upward movement. On the downside, a break below $2,380 would introduce...

sparkrlight

The increased sell volume and fading bullish momentum, combined with the weekly close as a shooting star, suggest a potential trend reversal. It is advisable to wait for the next week's close for confirmation. The 2370 level will serve as strong support, but Gold must first break below 2395. Exercise caution, as this market is highly volatile and driven by mixed emotions.

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Buying volume from 11july have been significantly reduced at today’s date .

sparkrlight

Keep it simple! People thinking too much about next month gold .Here’s the shorter view. >> Daily timeframe higher lows in a Descending channel >>Weekly MACD overbought >> Monthly formed a doji after a three months rally !!! Price can’t go higher leaving a long wicks upside. >>2335-2340 Holing up strongly. >>Cot data not showing any signs for the direction...

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Gold's decline on Thursday aligns with expectations, as all key factors driving gold prices remain supportive. I foresee that a range-bound trading strategy is reasonable under current conditions. However, the overbought conditions in the monthly chart, coupled with long upper shadows in the monthly candlesticks for April and May, indicate that further upward...