XAUUSD Technical Analysis

Market Analysis

11Nov

Gold Trend 11/11 – M-T consolidation period official begins

2024-11-11 @ 18:15

Gold prices fell back from their highs last week, in line with our expectations. The U.S. election suppressed the market in the early period, and gold prices were under pressure in the 2750-58(1) resistance zone. Once the election results became clear, the decline began to accelerate. A few US media announced Trump’s victory prior to the official result, causing the first drop to the low of 2701. A few hours later, when the election results were officially announced, the price of gold went

06Nov

XAUUSD 1h

2024-11-06 @ 01:03

⚠️ 通知１小時圖技術指標 / 形態 1 阻力 2758 2 阻力 2790 *所有技術觸發將即時發送到 Telegram 頻道

06Nov

XAUUSD 1d

2024-11-06 @ 01:00

⚠️ 通知日線圖技術指標 / 形態 1 上升通道支持線 *所有技術觸發將即時發送到 Telegram 頻道

04Nov

Gold Trend 04/11 – S-T peaked

2024-11-04 @ 17:10

Driven mainly by the US election and economic figures last week, the gold price pulled back from the newly formed record high. With the US election approaching, the gold market opened strong early last week. A better-than-expected US consumer confidence on Tue. led to a breakthrough of the previous high at 2758 (1), triggering a new round of S-T buying until it reached 2790 and the US 3Q GDP and ADP employment on Wed. However, the upward momentum reversed on Thursday after the core PCE inflation

28Oct

Gold Trend 28/10

2024-10-28 @ 17:28

The gold price hit our S-T target of 2750 last week, reaching a new high of 2758. However, the upward momentum failed to last, and the price couldn’t hold above 2750, dropping back to the weekly low of 2708. Towards the end of the week, the gold market once again priced in the risk premium ahead of the weekend’s geopolitical uncertainties, pushing the price back to 2750, and closing the week at 2747. Last week, several Federal Reserve officials made comments suggesting a ‘cauti