Intraday Price Action patterns on gold 5/6/2024

Gold (XAU/USD): This commodity has been in an uptrend for several hours on the 15-minute chart. A hammer formation has formed for local resistance. The price is thus ready for a decline and we could consider a short position. The upcoming fundamental news should not affect the development of this market.

Source: MT4, FXstreet, OctaFX

Intraday Price Action patterns on gold 26.3.2024
Gold (XAU/USD): This commodity has been in a downtrend for several hours on the 15-minute chart. A bullish Engulfing formation has formed on local support. The price could thus rise. Upcoming fundamental news (US consumer confidence) could affect this time frame.
Intraday Price Action patterns on gold 4/26/2024
Gold (XAU/USD): This commodity is moving sideways on the 15-minute chart. A bearish Engulfing formation has formed on local resistance. The price is thus ready to fall. Upcoming fundamental news should not affect this time frame.
Intraday Price Action patterns on gold 27.3.2024
Gold (XAU/USD): This commodity has been in an uptrend for several hours on the 15-minute chart. A bearish Engulfing formation has formed on local resistance. The price could thus decrease. Upcoming fundamental news should not affect this time frame.
Intraday Price Action patterns on gold 4/29/2024
Gold (XAU/USD): This commodity has been in an uptrend for several hours on the 15-minute chart. A hammer formation has formed for local resistance. The price is thus ready for a decline and we could consider a short position. Upcoming fundamental news should not affect this time frame.
Intraday Price Action patterns on gold 1/30/2024
Gold (XAU/USD): This commodity is in a rather uptrend today on the 15-minute chart. The bullish formation Three White Soldiers (Three White Soldiers) was formed. The price could thus rise. Upcoming fundamental news should not affect this time frame.
Intraday Price Action patterns on gold 4/30/2024
Gold (XAU/USD): This commodity has been in a downtrend for several hours on the 15-minute chart. An Evening Star formation was formed for local resistance. The price is thus ready for a decline and we could consider a short position. Upcoming fundamental news should not affect this time frame.
Intraday Price Action patterns on gold 04/03/2024
Gold (XAU/USD): This commodity has been moving sideways on the 15-minute chart for several hours. A triangle formation was formed. In case of a rebound from its upper line or a clear break of the lower line, we could consider a short position. Upcoming fundamental news should not affect this time frame.
Intraday Price Action patterns on gold 12/4/2023
Gold (XAU/USD): This commodity is moving sideways on the 30-minute chart. Now three white soldiers have appeared and the price could go up. Upcoming fundamental news should not affect this time frame.
Intraday Price Action patterns on gold 03/04/2024
Gold (XAU/USD): The commodity has reached resistance at 2081.77 on the 15-minute chart, forming a bearish Engulfing formation.
Intraday Price Action patterns on gold 03/06/2024
Gold: This commodity is on a 15-minute chart in a rising trend channel valid after six bounces for several hours.
Intraday Price Action patterns on gold 12/7/2023
Gold (XAU/USD): This commodity has been in an uptrend on the 15-minute chart for several hours. A flag formation formed. In the event of a bounce from the bottom line or breaking through the top line of the flag, we could consider a long position. The price is now poised to rise. Upcoming fundamental news could affect this market.
Intraday Price Action patterns on gold 03/07/2024
Gold (XAU/USD): This commodity is in an uptrend on the 15-minute chart. A Hammer formation has formed on local support. The price could thus rise. Upcoming fundamental news should not affect this time frame.
Intraday Price Action patterns on gold 1/8/2024
Gold (XAU/USD): This commodity has been in an uptrend for several hours on the 15-minute chart.
Intraday Price Action patterns on gold 2/8/2024
Gold (XAU/USD): This commodity has been in an uptrend for several hours on the 15-minute chart.
Intraday Price Action patterns on gold 3/8/2024
Gold (XAU/USD): This commodity has been in an uptrend for several hours on the 15-minute chart. A bear formation of Three Black Crows (Three Black Crows) was formed. The price could thus decrease. Upcoming fundamental news should not affect this time frame. Some traders could close their positions on Friday, which could put the currency pair under pressure.
Intraday Price Action patterns on gold 01/09/2024
Gold (XAU/USD): This commodity has been in a downtrend for several hours on the 15-minute chart. A morning star formation has formed and the price could thus rise. Upcoming fundamental news should not affect this time frame.
Intraday Price Action patterns on gold 4/9/2024
Gold (XAU/USD): This commodity has been moving sideways on the 30-minute chart for several hours. A Hammer formation has formed on local support. The price is thus set to rise. Upcoming fundamental news should not affect this time frame.
GBP/USD intraday course
The GBP/USD currency pair broke from its 1.4800 low and attacked higher prices this week.
Intraday technical analysis of EUR/USD
It is trading around 1.3390 this morning and seems to be attacking the psychological level of 1.3400 soon.
Intraday technical analysis of EUR/USD
The EUR/USD currency pair is in an intraday uptrend that will remain in place until…

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