Gold. Historical highs have been updated.

WAndreas

Elite Member

Oct 21, 2024

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• Nov 29, 2024
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• #21

The previous three days showed uncertainty in the market. However, today's day has already renewed yesterday's high. This may indicate that the buyers have woken up. 2684 is the nearest resistance that may put the brakes on the upward movement.

Spoiler: Chart

 

WAndreas

Elite Member

Oct 21, 2024

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• Nov 30, 2024
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• #22

On the weekly chart the situation is still in favor of selling. After the strong candle 1, there was no continuation of the fall, and the reaction of buyers formed candle 2, which completely absorbed candle 1 and seems to speak about the continuation of purchases. However, they did not follow. It can speak about the change of tendency on the market.

Spoiler: Chart

 

WAndreas

Elite Member

Oct 21, 2024

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• Dec 2, 2024
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• #23

A Reverse Flag pattern is forming on the daily chart, which could push the price down. In addition, it may be the completion of the second shoulder of the Head and Shoulders pattern, which may also indicate a possible downward movement.

Spoiler: Chart

 

WAndreas

Elite Member

Oct 21, 2024

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• Dec 3, 2024
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• #24

Looks like the formation of the inverted Flag continues. The price is at the level of 2640.

Spoiler: Chart

 

WAndreas

Elite Member

Oct 21, 2024

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• Dec 4, 2024
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• #25

Prices are still squeezed in a narrow corridor. Apparently, we are waiting for big news on Friday.

Spoiler: Chart

 

WAndreas

Elite Member

Oct 21, 2024

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• Dec 5, 2024
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• #26

Another day the price shows no movement. I expect strong volatility tomorrow after the publication of unemployment data.

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WAndreas

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Oct 21, 2024

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• Dec 7, 2024
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• #27

Went both ways as a result of the news, and as a result stayed at the opening prices of the day. This indicates uncertainty in the market.

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WAndreas

Elite Member

Oct 21, 2024

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• Dec 10, 2024
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• #28

Попытки движения вверх продолжаются, но все они находятся в пределах одной большой свечи продажи, поэтому до тех пор, пока ее максимум не будет обновлен, говорить о покупках может быть преждевременно.

Spoiler: Chart

 

D

Deathstar_69

Newbie

Aug 19, 2024

37

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• Dec 10, 2024

• #29

Gold’s recent price rise shows why it’s seen as a reliable investment, especially in uncertain times. Unlike Bitcoin, it’s tangible, which gives people more confidence. That said, it’s tough to predict if this upward trend will continue. As with any investment, it’s smart to stay cautious and diversify. What do you think about other metals like silver or platinum as alternatives?

 

D

Deathstar_69

Newbie

Aug 19, 2024

37

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• Dec 10, 2024

• #30

WAndreas said:

That was before. But as we know, markets change. And the bitcoin rally has not affected gold's movement as much as expected. This suggests that the rally is artificial.

Click to expand...

You make a good point. Bitcoin's rally didn't have as much of an impact on gold as many expected, which shows that gold’s value is driven by different factors, like inflation and market uncertainty. Gold tends to be a more stable, reliable asset, while Bitcoin's rise seems more speculative.

 

WAndreas

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Oct 21, 2024

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• Dec 11, 2024
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• #31

For yesterday, the trending resistance of the Flag Canopy was broken. The structure seems to be at risk. The upward movement may continue.

Spoiler: Chart

 

ESCROWService

BANNED

Apr 21, 2024

424

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• Dec 11, 2024

• #32

Double top and before or when trump comes to office it will correct heavily like every asset in the west.
Trump's economic war will cause big recession and high inflation at the same time (stagflation) which will make that all assets will tank in the first 2 quarters of 2025

 

WAndreas

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Oct 21, 2024

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• Dec 16, 2024
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• #33

It seems unlikely that we will get out of the corridor we have shown before the end of the year.

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WAndreas

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Oct 21, 2024

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• Dec 19, 2024
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• #34

On the daily chart, the “M” pattern is working out, likely to reach the 2550 per ounce area.

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WAndreas

Elite Member

Oct 21, 2024

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• Dec 20, 2024
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• #35

WAndreas said:

likely to reach the 2550 per ounce area.

Click to expand...

Currently, the 2600 level acts as a strong resistance. I expect downward movement from it. Although, of course, the holidays are about to start and volumes may disappear.

Spoiler: Chart

 

WAndreas

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Oct 21, 2024

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• Dec 30, 2024
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• #36

Holidays show their impact on volumes in the market. There are no special movements. Most people are on vacation. 2603 is supportive. I expect the price to go down.

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WAndreas

Elite Member

Oct 21, 2024

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• Dec 31, 2024
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• #37

the 2600 level still acts as support. So far we are flat.

 

WAndreas

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Oct 21, 2024

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• Jan 7, 2025
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• #38

The 2650 area offered resistance yesterday. I assume the formation of the Reverse Flag. I expect the price to fall.

Spoiler: Chart

 

WAndreas

Elite Member

Oct 21, 2024

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• Jul 18, 2025
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• #39

The price is currently trading around 3340. The moving average with a period of 75 acts as a dynamic support, which may indicate a bullish market sentiment. A converging triangle is forming on the daily chart. I expect the exit from it into longs.

 

WAndreas

Elite Member

Oct 21, 2024

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• Jul 26, 2025
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• #40

Price in expectation of 30.07 has dropped to 3337k, strong support is here. I expect a flat on the daily chart.