technical articles

xau-analysis

Technical Analysis of Global Gold Ounce – 30th dec to 3rd jan

Technical Analysis of Global Gold Ounce – 30th dec to 3rd jan

Global Gold Analysis (Daily Time Frame) In the past week, considering the end of the year, it was expected that the markets would lack significant movement and stay within a range. Global gold prices also ended the trading week within a range. Main Scenario: Given the previous downward leg and the inability of the price to recover the 2651 level last week, the primary expectation is that the 2584 level will be broken, and gold will reach a lower support level of around 2536. Alternative Scenario: If the above scenario doesn’t materialize and the 2651 to 2655 range is regained, gold

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Technical Analysis of Global Gold Ounce – 23th to 27th dec

Technical Analysis of Global Gold Ounce – 23th to 27th dec

Global Gold Analysis (Daily Time Frame) As mentioned in the main scenario last week, the global gold ounce continued its decline and moved to the support area of 2584, from which it made a relatively good rebound. Main Scenario: Given the relatively strong rebound from the support area, it is expected that after some consolidation, it can move to higher areas. If it breaks and stabilizes above the 2651 area, it can reach the 2693 and then 2726 areas. Gold Analysis (4-Hour Time Frame) After a relatively strong rebound from its support area, it could not cover the last bearish candle

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Technical Analysis of Global Gold Ounce – 16th to 20th dec

Technical Analysis of Global Gold Ounce – 16th to 20th dec

Global Gold Analysis (Daily Time Frame) In the past week, the global gold ounce moved according to the announced alternative scenario and reached the 2726 range, immediately rejecting from this area. Main Scenario: Given the downward slope, it is expected that gold will first reach the support range of 2614 to 2606. If this range is broken, the number 2537 will be waiting for gold. Alternative Scenario: If gold returns from the current area or from the range of 2614 to 2606, the first target for gold will again be the 2726 area, and the next target will be 2790. Gold

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Technical Analysis of Global Gold Ounce – 9th to 13th dec

Technical Analysis of Global Gold Ounce – 9th to 13th dec

Global Gold Analysis (Daily Time Frame) Despite the overall bullish trend, gold has continued its range-bound movement, as it did last week, and is currently experiencing price compression. It is expected that gold will break out of this range during the week, moving towards either the next support or resistance level.Main Scenario: Based on technical evidence, the price is more likely to break below the range’s lower boundary, around 2605. If this level is broken, the price could easily move towards the 2537 zone.Alternative Scenario: If the price breaks above the upper boundary of the range at 2665, it could move

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Technical Analysis of Global Gold Ounce – 2nd to 6th dec

Technical Analysis of Global Gold Ounce – 2nd to 6th dec

Global Gold Analysis (Daily Time Frame) The daily chart of gold shows that the price is trading in an ascending channel with significant volatility. Recently, the price decreased by 2.43% from the supply zone at $2,721, which is clearly visible on the weekly chart. Last week, the price failed to stabilize above the $2,721 level and was rejected from this area. If the $2,540 level is decisively broken, the gold market could face another decline, which may present a buying opportunity. Main Scenario:If the price fails to stabilize above $2,560, we expect a hunt and mitigation in the range of $2,721-$2,750.

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Technical Analysis of Global Gold Ounce – 25th to 29th nov

Technical Analysis of Global Gold Ounce – 25th to 29th nov

Global Gold Analysis (Daily Time Frame) After two weeks of significant decline, gold prices surged sharply due to increased demand arising from geopolitical tensions. These tensions caused gold to end the week above $2,700. Moving forward, market attention will focus on U.S. economic data, including the September Federal Reserve meeting minutes and key inflation indicators. Gold, after breaking the 2716 level and closing with a strong bullish weekly candle, has revived hopes of reclaiming the bullish trend and reversing the short-term downtrend. Based on the current trend, two scenarios are likely: Main Scenario: Price rise towards the 2752 level, where a

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Technical Analysis of Global Gold Ounce – 18th to 22th nov

Technical Analysis of Global Gold Ounce – 18th to 22th nov

Global Gold Analysis (Daily Time Frame) Gold declined again this week, with its price reaching as low as $2,536. In the previous analysis, we examined the continuation of the gold price decline. Now, after a significant correction, two scenarios are under consideration in the daily timeframe: Main Scenario: Consider selling positions from corrections below the $2,792.90 level, targeting $2,418.82–$2,304.21. Alternative Scenario: A breakout and stabilization above the $2,792.90 level would allow the asset to continue its rise to the $2,880.00–$3,000.00 levels. Gold Analysis (4-Hour Time Frame) The structure is entirely bearish, forming a downward trend. Main Scenario: If the price fails

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Technical Analysis of Global Gold Ounce – 11th to 15th nov

Technical Analysis of Global Gold Ounce – 11th to 15th nov

Global Gold Analysis (Daily Time Frame) After Donald Trump’s victory and with the strengthening of the US dollar and the rise in US bond yields, gold experienced its largest single-day loss of the year, dropping by 3%. Meanwhile, the Federal Reserve, as expected, lowered interest rates by 25 basis points and maintained a balanced outlook on inflation and employment risks. As mentioned in last week’s analysis, the 2792.90 level is crucial for gold to make a further rise, as a breakout of this level could lead to an increase toward the 2880.00–3000.00 range. Main Scenario: Consider sell positions from corrections below

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Technical Analysis of Global Gold Ounce - 4th to 8st nov

Technical Analysis of Global Gold Ounce – 4th to 8th nov

Global Gold Analysis (Daily Time Frame) In the past week, global gold prices entered a correction after reaching a historic peak of 2791, with a decline in price to 2731. Main Scenario: If the price remains below 2788.71, consider sell positions from corrections below this level with targets of 2602.03 – 2468.90. Alternative Scenario: The 2788.71 level is crucial in this scenario; a break and consolidation above this level would allow the price to rise to 2880.00 – 3000.00. Gold Analysis (4-Hour Time Frame) In the 4-hour time frame for gold, after hitting the OTE range, we expect a price increase.

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Technical Analysis of Global Gold Ounce - 28th oct to 1st nov

Technical Analysis of Global Gold Ounce – 28th oct to 1st nov

Global Gold Analysis (Daily Time Frame) Gold experienced significant growth last week, rising to the 2758 range. Despite geopolitical tensions and upcoming fundamentals suggesting a bullish outlook, we anticipate a correction and price decline this week. Given the strong upward trend in gold, if the support level of 2602 holds, we expect the upward trend to continue toward 2829. Main Scenario:Consider buying positions from corrections above the 2601.27 level, aiming for 2880.00 – 3000.00. Alternative Scenario:A break and stabilization below the 2601.27 level would allow the pair to continue declining to levels of 2468.90 – 2356.76. Gold Analysis (4-Hour Time Frame)

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