Gold (XAU/USD): The commodity is on the 1-hour chart in a descending trend channel that has followed four bounces since April 11.
Current situation: The price is moving towards the bottom line of the trend channel.
Possible scenario: Now we could wait for a bounce from the lower channel line and then consider a long position with a target at the upper channel line.
Source: MT4, FXstreet, OctaFX
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- Swing trading gold 2/13/2017
As long as the price of gold (XAU/USD, GOLD) trades below the resistance area of 1242.50 – 1251, a drop towards the support area of 1217 – 1221 and then towards the support level of 1191 is likely.
- Gold swing trading 2/13/2024
Gold (XAU/USD): This commodity is in a downtrend today on the 1-hour chart. The support is at the level of 2004. In the event of a rebound from the support, we could consider a long position with the target at the nearest resistance. In case of a clear breaking of the support, we could consider a short position. Resistance is at the level of 2030 and 2062. Upcoming fundamental news should not affect the development of this market.
- Gold swing trading 3/13/2024
Gold (XAU/USD): This commodity has been in an uptrend for several hours on the 1-hour chart. A local resistance Doji candle has formed. The price could thus decrease. Upcoming fundamental news should not affect this time frame.
- Gold swing trading 9/13/2017
The price of gold (XAU/USD, GOLD) is trading in a sideways trend between the support of 1327 and the resistance of 1333. As the start of an uptrend, we can consider overcoming the resistance of 1333, then the growth can continue towards the resistance level of 1339 and then towards 1348.
- Gold swing trading 12/14/2023
Gold (XAU/USD): The commodity is on the 1-hour chart in a descending trend channel that has been valid after five bounces since November 30.
- Gold swing trading 12/14/2023
Gold (XAU/USD): The commodity is on the 1-hour chart in a rising trend channel that has been valid after three bounces since December 13th.
- Gold swing trading 2/14/2018
The price of gold (GOLD, XAU/USD) is bounded by resistance at the 1339 level and is now headed down. As long as the price of gold trades below the mentioned resistance, we can expect a continuation of the decline towards the support level of 1321 and then towards 1314.
- Gold swing trading 2/14/2024
Gold (XAU/USD): The commodity is on the 1-hour chart in a descending trend channel that has been valid after six bounces since December 20.
- Gold swing trading 1/15/2024
Gold (XAU/USD): The commodity is on the 1-hour chart in a rising trend channel that has been valid after three bounces since January 11.
- Gold swing trading 12/15/2023
Gold (XAU/USD): This commodity was in a downtrend on the 1-hour chart yesterday. Support is at 1973 and 1937.50. In the event of a rebound from resistance, we could consider a short position with the target at the nearest support. Resistance is at the level of 2050 and 2132. Upcoming fundamental news could affect the development of this market. Some traders may close their positions on Friday, which may put price under pressure.
- Gold swing trading 2/15/2018
As a continuation of the rising trend, we can consider overcoming the resistance of 1358, then the growth can continue towards the resistance level of 1365.
- Gold swing trading 2/15/2024
Gold (XAU/USD): The commodity is on the 1-hour chart in a descending trend channel that has been valid after seven bounces since December 20.
- Gold swing trading 3/15/2017
The price of gold (XAU/USD, GOLD) is trading in a sideways trend with the possibility of a double bottom. We will consider overcoming the 1210 resistance as a signal for the start of an uptrend, then the growth will probably continue towards the 1234 – 1240 resistance.
- Gold swing trading 4/15/2024
Gold (XAU/USD): The commodity is in an uptrend on the 1-hour chart and has reached the 2360 resistance.
- Gold swing trading 10/16/2017
As long as the gold price (XAU/USD, GOLD) trades above the 1290 support, we can expect a continuation of the upward trend towards the 1346 – 1349 resistance level.
- Gold swing trading 1/16/2024
Gold (XAU/USD): This commodity is in a downtrend today on the 1-hour chart. The support is at the level of 2047 and 2017. In the event of a rebound from the support, we could consider a long position with the target at the nearest resistance. In the event of a clear breakthrough of the support, we could consider a short position. Resistance is at the level of 2070 and 2088. The upcoming fundamental news should not affect the development of this market.
- Gold swing trading 2/16/2018
As long as the gold price (XAU/USD, GOLD) trades above the 1358 support, we can expect a continuation of the uptrend towards the 1365 resistance level.
- Gold swing trading 4/17/2024
Gold (XAU/USD): The commodity is on the 1-hour chart in a rising trend channel that has been valid after nine bounces since April 8.
- Gold swing trading 10/18/2017
Gold price (XAU/USD, GOLD) is trading in a downtrend and if it breaks the 1276 support, we can expect a decline towards the 1268 support level.
- Gold swing trading 12/18/2023
Gold (XAU/USD): The commodity is on the 1-hour chart in a rising trend channel valid after five bounces since October 13.
