empty
05.09.2024 08:28 AM
Technical Analysis of Intraday Price Movement of Gold Commodity Asset, Thursday September 05, 2024.

This image is no longer relevant

From what we can see on the 4-hour chart, the Gold commodity asset price movement appears to form a Higher High while the Stochastic Oscillator indicator actually forms a Higher Low. From here we can conclude that there is a hidden deviation which indicates that there is a weakening of momentum in the Gold commodity asset so that as long as there is no strengthening that breaks through and closes above the level of 2535.95, Gold will try to break the Support Area level formed from the Bullish Fair value Gap area, especially if Gold manages to break below the level of 2462.38, then today Gold has the potential to weaken to the level of 2434.39. If this level is also successfully broken, 2406.76 and 2378.74 will be the target destinations that Gold will head to today, especially if the momentum and volatility support it.

(Disclaimer)

Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Forex forecast 22/01/2025: EUR/USD, GBP/USD, USD/CAD, Oil and Bitcoin

Video Agenda: 00:00 INTRO 00:13 Totay's key events: CPI, Interest Rate, World Economic Forum Annual Meetings, ECB President Lagarde Speaks, API Weekly Crude Oil Stock 01:19 EUR/USD 03:22 GBP/USD 04:34

Sebastian Seliga 12:42 2025-01-22 UTC+2

EUR/USD: January 22nd. Bulls Persist in Trying to Take Control

On Tuesday, the EUR/USD pair declined to the support zone of 1.0336–1.0346, rebounded from it, reversed in favor of the euro, and rose to the resistance zone of 1.0435–1.0448

Samir Klishi 11:25 2025-01-22 UTC+2

Forecast for GBP/USD on January 22, 2025

On the hourly chart, the GBP/USD pair reversed in favor of the pound on Tuesday and rose nearly to the resistance zone of 1.2363–1.2370. However, the pair fell short

Samir Klishi 11:21 2025-01-22 UTC+2

Video analysis for January 22, 2025

Potential for the further rally on EUR/USD

Petar Jacimovic 10:16 2025-01-22 UTC+2

Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday January 22, 2025.

If we look at the 4-hour chart of the AUD/JPY cross currency pair, it appears that Buyers are starting to enter again, which is confirmed by the appearance of divergence

Arief Makmur 09:28 2025-01-22 UTC+2

Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Wednesday January 22, 2025.

If we look at the 4-hour chart of the main currency pair EUR/USD, it appears that there is a divergence between the Fiber price movement and the MACD Histogram indicator

Arief Makmur 09:28 2025-01-22 UTC+2

EUR/USD and GBP/USD on January 22 - Technical Analysis of the Situation

Yesterday's trading failed to maintain the upward momentum, but the pair remained above the weekly short-term trend level of 1.0404. If the bulls can hold their position and overcome

Evangelos Poulakis 07:45 2025-01-22 UTC+2

Forecast for EUR/USD on January 22, 2025

Yesterday's session displayed strong intraday volatility across the financial markets. As noted previously, the first day of Donald Trump's presidency appears to be more ambiguous for the financial world

Laurie Bailey 03:42 2025-01-22 UTC+2

Forecast for GBP/USD on January 22, 2025

The British pound has approached the resistance level of 1.2367, which aligns with the Fibonacci retracement of the most recent decline from December 6 to January 13. This retracement

Laurie Bailey 03:42 2025-01-22 UTC+2

Forecast for USD/JPY on January 22, 2025

On Tuesday, the USD/JPY pair traded within a range of 144 pips, ultimately closing with a slight decline of 12 pips. This movement suggests a continuation of a sideways trend

Laurie Bailey 03:42 2025-01-22 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.