XAU/USD has broken through a support line of a Rising Wedge chart pattern. If this breakout holds true, we expect the price of XAU/USD to test 1497.7240 within the next 7 hours. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before […]
A movement of 4.12% over 8 days on XAU/USD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward trend, or a reversal in the previous direction. Did you know that our social media feeds are updated only 3x per day, and don’t look at short term movements? […]
XAU/USD has broken through the support line of a Channel Up technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 4 days and suggests a target line to be around […]
XAU/USD is heading towards a line of 1409.4000. If this movement continues, we expect the price of XAU/USD to test 1409.4000 within the next 4 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like […]
XAU/USD is heading towards a line of 1410.4000. If this movement continues, we expect the price of XAU/USD to test 1410.4000 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like […]
XAU/USD has broken through the support line of a Triangle. It has touched this line at least twice in the last 9 days. This breakout indicates a potential move to 1406.2641 within the next 2 days. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the […]
XAU/USD is heading towards the resistance line of a Ascending Triangle and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
The movement of XAU/USD towards 1413.9000 price line is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 7 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines. […]
XAU/USD has broken through the support line of a Triangle technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 16 hours and suggests a target line to be around 1413.1711 […]
XAU/USD has broken through a support line of a Descending Triangle chart pattern. If this breakout holds true, we expect the price of XAU/USD to test 1202.5472 within the next 12 hours. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before […]
