empty
03.08.2021 02:22 PM
Analysis of Gold for August 03,.2021 - BWatch for the breakout of consolidation to confirm further direction

Technical analysis:

This image is no longer relevant

Gold has been trading sideways at the price of $1,810. There is potential for the breakout play and new directional move.

Trading recommendation:

Watch for the breakout of the consolidation to confirm further direction.

Upside breakout of the resistance at the price of $1,811 can will confirm upside movement towards $1,819

Downside breakout of the support at $1,807 will confirm downside movement towards $1,1795

Recommended Stories

EUR/USD Forecast for May 8, 2025

As expected, the Federal Reserve left its monetary policy unchanged following yesterday's meeting. Jerome Powell only slightly reinforced the market's expectations of rising inflation. Markets still anticipate the first rate

Laurie Bailey 05:09 2025-05-08 UTC+2

GBP/USD Forecast for May 8, 2025

At today's meeting, the Bank of England is expected to lower the key interest rate from 4.50% to 4.25%. Business media claim the market has already priced in this event

Laurie Bailey 05:09 2025-05-08 UTC+2

USD/JPY Forecast for May 8, 2025

USD/JPY The daily chart shows that the price is reversing downward from the green price channel lines. The first such reversal occurred on May 2, marked by a red arrow

Laurie Bailey 05:09 2025-05-08 UTC+2

GBP/USD. Analysis and Forecast

Today, the GBP/USD pair is pulling back from yesterday's bullish impulse. The retracement is supported by the modest strength of the U.S. dollar. From a technical standpoint, the pair

Irina Yanina 19:28 2025-05-07 UTC+2

Trading Signals for GOLD (XAU/USD) for May 7-9, 2025: buy above $3,360 (21 SMA - 8/8 Murray)

Early in the American session, gold is trading around 3,382, rebounding after reaching a low of 3,359 during the opening session. A strong technical rebound suggests a rally

Dimitrios Zappas 17:49 2025-05-07 UTC+2

Forex forecast 07/05/2025: EUR/USD, USDX, SP500, Gold and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 11:04 2025-05-07 UTC+2

EUR/USD – May 7th: Bulls Are Reversing the Trend

On Tuesday, the EUR/USD pair reversed in favor of the euro and rose to the resistance zone of 1.1374–1.1383. A rebound from this zone triggered a decline in favor

Samir Klishi 10:56 2025-05-07 UTC+2

GBP/USD – May 7th: Global Uncertainty and the FOMC

On the hourly chart, the GBP/USD pair on Tuesday reversed in favor of the British pound and closed above the resistance zone of 1.3344–1.3357. Therefore, a rebound from this zone

Samir Klishi 10:52 2025-05-07 UTC+2

Technical Analysis of Intraday Price Movement Natural Gas Commodity Instrument, Wednesday May 07, 2025.

On the 4-hour chart, the Natural Gas commodity instrument appears to have a bearish 123 pattern followed by a bearish Ross Hook (RH) plus confirmation that the price movement

Arief Makmur 07:43 2025-05-07 UTC+2

Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday May 07, 2025.

If we look at the 4-hour chart of the AUD/JPY cross currency pair, we will see a Descending Broadening Wedge pattern where this pattern gives an indication that

Arief Makmur 07:43 2025-05-07 UTC+2
Can't speak right now?
Ask your question in the chat.