Recent content by AliForexTalks

Gold Daily Outlook - September 19, 2022 Gold Technical Outlook Gold price provided positive trades in previous sessions to test the first key resistance at $1,680 and began to fall by today's open to resumption of the primary bearish trend, structured within the bearish channel that shows up...

Gold Daily Outlook - Aug 30, 2022 Gold failed to hold gains and went below 1750, exposing the door for further losses to the 1730 support level, should it remains below 1760. A clean breach below the five-week-old ascending trend line drives XAU/USD bears to the horizontal range, including...

Gold Daily Outlook - Aug 11, 2022 The gold price moves negatively, breaking the bullish channel's support line and heading towards a probable test of the first significant level at 1779.25, backed by unambiguous positive indications from stochastic, while the EMA 50 meets the aforesaid support...

Gold Daily Outlook - July 25, 2022 Gold price is showing new positive trades as it approaches the 1726.60 level, with a break of this level extending the correcting bullish wave to 1755.70 as the next objective. This implies a bullish trend for today until it breaks and holds below 1704.60...

Gold Daily Outlook - July 19, 2022 Gold price found solid support at the 1700.00 barriers, indicating a slightly bullish bias, aided by stochastic positivity. At the same time, the EMA50 continues to press negatively on the price, keeping the bearish trend scenario effective for the coming...

Gold Daily Outlook - July 13, 2022 In previous sessions, the gold price fluctuated within the sideways track, with the stochastic losing its positive momentum gradually, while the EMA50 continued to press negatively on the price. As a result, these factors encourage us to continue suggesting a...

Gold Daily Outlook - July 05, 2022 Gold price traded with solid negativity in the previous sessions to reach a few pips away from our hoped-for target of 1780.25, influenced by stochastic positivity to show some bullish bias, even though the indicator lost its positive momentum, while the EMA...

Gold Daily Outlook - June 28, 2022 The gold price continues to decline measuredly, gradually approaching our first support level at 1810.00 to maintain the bearish trend scenario while awaiting further decline to reach 1780.25 as the next support zone. In general, we will continue to recommend...

Gold Daily Outlook - June 21, 2022 The gold price provided clear positive trade and remained supported above the 1836 level. However, it starts today with an apparent uptrend to settle above the mentioned level, which encourages us to suggest a bullish bias today. The leading indicators, such...

Gold Daily Outlook - June 13, 2022 On a four-hour scale, the gold price is about to break out of its sustained consolidation formed in a scope of $1,825.10-1,876.01. The bullish momentum has been strengthened by a stronger responsive buying action noted last week from $1,825.10. The precious...

Gold Daily Outlook - June 06, 2022 Gold made a strong bullish move to $1870; however, the uptrend was short-lived as the precious metal plunged to trade at the $1,853 level. Closing of candles above the support level of $1,849 reinforces expectations of a continuation of the bullish trend...

Gold Daily Outlook - March 29, 2022 Although Friday's Doji candlestick on the daily chart suggests further gold declines, an eight-day-old rising trend channel limits the metal's short-term downside. However, the 200-SMA adds strength to the stated channel's support line near $1,925, while the...

Gold Daily Outlook, March 24, 2022 The XAU/USD has broken out of the falling channel, sending gold prices near $1,945. The upper end of the falling channel is marked by the high of March 17 at $1,949.80, while the lower end is marked by the low of March 18 at $1,918.21. The Relative Strength...

Gold Daily Outlook - March 14, 2022 On an hourly basis, XAU/USD trades in a falling channel, indicating a lackluster move with a negative bias. At $1,975.40, the precious metal has found support near the 200-period Exponential Moving Average (EMA). The Relative Strength Index (RSI) (14)...

Gold Daily Outlook - March 08, 2022 Gold prices justify the latest bearish Doji on the four-hour chart as they retreat from multi-day highs amid overbought RSI conditions. However, pullback moves will be difficult to come by until the quote defies last week's triangle breakout by falling below...