Julian_Acunja

Julian_Acunja

Gold is trading near a key resistance zone, aligned with a descending trendline. Indicators like the RSI suggest overbought conditions, while bearish candlestick patterns reinforce the likelihood of a pullback. Fundamental Drivers: A strong U.S. dollar, supported by expectations of prolonged high interest rates from the Federal Reserve, is adding downward...

Julian_Acunja

The XAU/USD market is currently in a consolidation phase within a bearish framework, primarily influenced by the Federal Reserve's restrictive monetary policy and the strengthening of the dollar. However, the current support levels indicate an interest in preserving gold's value as a long-term safe haven, suggesting that demand remains at these prices. My...

Julian_Acunja Updated 

In this XAU/USD (gold vs. US dollar) chart, we observe that the price has reached a key support level, generating a short-term bullish momentum. However, when examining the broader context across higher time frames, the prevailing trend remains bearish. This suggests that the current upward movement may be temporary or limited unless the price breaks through...

Julian_Acunja

Technical Analysis of Gold Price Disclaimer: I am not a financial expert; this analysis is for educational purposes only. In this image, we can see that the price of gold has consistently respected a significant support level around 2604. Despite the broader bearish trend in the higher time frame, the fact that the price has not closed below this level suggests...