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Technical Analysis

Technical Analysis
Thursday 06th April 2023 Technical Outlook and Review

Looking at the chart, it is possible that price may make a bearish reaction off the 1st resistance level and drop towards the 1st support level at 101.52. This level is a pullback support, which has been significant in the past and could potentially provide a strong support level.

By IC Markets

Technical Analysis
Wednesday 05th April 2023: Technical Outlook and Review

Gold has been showing strong bullish momentum with potential for a bullish break through of the 1st resistance level and rise towards the 2nd resistance level. The overall bias is bullish, with price above an ascending trend line indicating further bullish momentum is on the cards.

By IC Markets

Technical Analysis
Tuesday 04th April 2023: Technical Outlook and Review

Gold has been facing bearish momentum on the chart against the US Dollar, as reflected by the multi-swing high resistance at 1789.00. The overall bias is bearish, and the precious metal could continue to fall towards the first support at 1945.00.

By IC Markets

Technical Analysis
Monday 3rd April 2023: Technical Outlook and Review

Gold (XAU/USD) has been on a bullish trend, with the overall momentum of the chart being bullish. Looking at the chart, the price could potentially make a bullish bounce off the first support and head towards the first resistance.

By IC Markets

Technical Analysis
Friday 31th March 2023: Technical Outlook and Review

XAU/USD sees bearish momentum with potential for a bearish reaction off the 1st resistance and a drop towards the 1st support. The 1st support level is at 1936.00, which is an overlap support and coincides with a 38.20% Fibonacci retracement. If price were to break below this level, it could drop towards the 2nd support at 1910.00, which is also an overlap support and lines up with a 50% Fibonacci retracement.

By IC Markets

Technical Analysis
Thursday 30th March 2023: Technical Outlook and Review

The price of XAU/USD is currently experiencing bearish momentum, indicating that it may potentially move towards the 1st support level. The overall momentum of the chart is bearish.

By IC Markets

Technical Analysis
Wednesday 29th March 2023: Technical Outlook and Review

Gold prices have been exhibiting bullish momentum, supported by the fact that price is currently above the bullish Ichimoku cloud. In the near term, prices could potentially continue to rise towards the first resistance level.

By IC Markets

Technical Analysis
Tuesday 28th March 2023: Technical Outlook and Review

Gold Maintains Bullish Momentum, Could See Continuation Towards Resistance Levels Gold's overall momentum remains bullish, as the precious metal continues to trade above key support levels. Currently, gold is trading at around $1965.00 against the US dollar.

By IC Markets

Technical Analysis
Monday 27th March 2023: Technical Outlook and Review

The XAU/USD chart is currently showing bearish momentum, with potential for a continuation towards the first support level at 1948, which is an overlap support level. If prices were to drop further, they could reach the second support level at 1881, which is also an overlap support level and coincides with the 61.80% Fibonacci retracement level.

By IC Markets