Gold $XAU Technical Analysis and Price Forecast. Gold is consolidating above the key psychological support of descending wedge pattern, and continuously struggling to make a pullback. At the time of writing the Gold is currently trading below $4,000. Dollar continuously gaining strength that is working is a catalyst for Gold bears. Traders are waiting for todays Non-Farm payroll announcement and USA Fed speech, if the result will come in the favor of dollar then risk asset like gold and silver may drop sharply. If gold breakdown the support of $3,950 then the price may fall below $3,900. The Relative Strength Index RSI is at 32 higher then the oversold level and lower then level of neutral aiming downward indicating the bearish momentum. While Moving Averages are near to make a death crossover 50-SMA is near to 200-SMA indicates the strong bearish momentum. However a pullback from the support of $3,950 can extend the pump towards $4,100. P.s: This is not a financial advice do your own research.
Gold $XAU Technical Analysis and Price Forecast. Gold plunge below $4,000 last week as the Middle east tension escalate. Sellers are more interested in Gold as Dollar is continuously getting strong. Gold tested the key psychological support of descending channel and form a lower low near $3,960. At the time of writing this Gold is trading near $4,060. $4,140 and $4,200 are reacting as resistance price level, while $4,020 and $3,900 are reacting as support. If gold will make a day close above $4,080 than gold could extend the pump towards $4,200. However a day close below below $4,020 than it can extend the decline towards $3,900. The Relative Strength index RSI is at 36 lower than the level of neutral, aiming downward indicating that the bearish momentum. Moving Averages on daily time frame are near to make Death Crossover 50-DMA is near to flip 200-DMA. #XAU
My charting often surprised me 😆 Gold $XAU consolidating on the support trend line of descending channel, I'm expecting a pullback from this support trend line towards 4230$. This is not financial advice do your own research. #XAU
$BTC is struggling to break above the key resistance price level of $65,530. At the time of writing this bitcoin is trading near $64,000. Bitcoin has to make a day close above $65,530 to keep the bullish momentum continue. However a rejection from $65,500 might result in the fall of price towards $60k.
Hi Square community!!! After almost 6 months I'm again participating in Creatorpad campagin. @OpenGradient has been live of creatorpad and the creators are participating excitingly. I'll try to acknowledge you with the best of $OPG token. But if i find anything unjustified on leaderboard i might leave it again. #opg
Everyone is waiting for 16 june events of BoJ interest rate decision. Market never reacts on hypes. This will be the coming Wednesday 10/06/2026 that will make record breaking liquidations. #xau #silver #BTC #NFA #dyor