XAU USD Fibonacci Retracements Analysis

11.10.2021XAUUSD, “Gold vs US Dollar”In the H4 chart, convergence on MACD made the pair start a new rising wave, which wasn’t strong enough to break the high and reach 50.0% fibo at 1856.55. This technical picture implies a high probability of another decline towards the low at 1638.76, a breakout o...

04.10.2021XAUUSD, “Gold vs US Dollar”In the daily chart, after completing the correctional downtrend, the asset may start a new wave to the upside towards 50.0%, 61.8%, and 76.0% fibo at 1856.55, 1908.00, and 1969.50 respectively. However, the key upside target will be the high at 2074.75. The suppo...

27.09.2021XAUUSD, “Gold vs US Dollar”In the H4 chart, the asset is still falling due to divergence on MACD. The key target of this descending wave is the low at 1638.76. However, local convergence may indicate a reversal and a new wave to the upside.As we can see in the H1 chart, the bearish wave is...

20.09.2021XAUUSD, “Gold vs US Dollar”In the H4 chart, the asset is falling due to divergence on MACD. The key target is the low at 1638.76, a breakout of which may lead to a further downtrend to reach 50.0% fibo at 1617.00. However, if the market situation changes and XAUUSD resumes growing, the clo...

13.09.2021XAUUSD, “Gold vs US Dollar”In the H4 chart, after breaking 61.8% fibo and failing to reach 76.0% fibo at 1850.00, the asset has started falling due to divergence on MACD. This movement may be the start of a new mid-term descending wave towards the low at 1638.76, a breakout of which may le...

06.09.2021XAUUSD, “Gold vs US Dollar”The daily chart shows a new rising movement after an attempt to reach 50.0% fibo at 1617 and convergence on MACD. This movement may be the start of another ascending wave towards the high at 2074.75. At the same time, the descending dynamics in the chart imply a ...

30.08.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, after breaking 61.8% fibo, the rising wave in XAUUSD may continue growing to reach the next target at 76.0% fibo and the fractal high at 1850.00 and 1916.52 respectively. At the same time, there is divergence on MACD, which may indi...

23.08.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, XAUUSD is still consolidating around 50.0% fibo. Such a technical picture may imply a further uptrend towards 61.8% and 76.0% fibo at 1810.28 and 1850.00 respectively and then the fractal high at 1916.52. However, if the price rebou...

16.08.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, convergence on MACD made the pair stop plummeting and start a new correction to the upside, which has already reached 50.0% fibo and may later continue towards 61.8% and 76.0% fibo at 1810.28 and 1850.00 respectively. If the price b...

09.08.2021XAUUSD, "Gold vs US Dollar"On today's D1, one cannot skip a deep decline of the quotations. They have broken through the previous low of 1676.78 but failed to reach 50.0% (1617.00) Fibo. Today the market is pulling back. The correction might take long but the next impulse of decline will b...

02.08.2021XAUUSD, "Gold vs US Dollar"On D1 of gold, the last wave of growth tried to test the level of 61.8% (1923.00) Fibonacci but the quotations then dropped. Current growth may be interpreted as another attempt to raise gold prices but the market seems to lack power. In these circumstances, we s...

26.07.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, divergence on MACD made the pair start a new decline, which was pretty short. This situation may imply a new wave to the upside towards 61.8% and 76.0% fibo at 1853.18 and 1876.50 respectively. However, the key upside targets are th...

02.08.2021XAUUSD, "Gold vs US Dollar"On D1 of gold, the last wave of growth tried to test the level of 61.8% (1923.00) Fibonacci but the quotations then dropped. Current growth may be interpreted as another attempt to raise gold prices but the market seems to lack power. In these circumstances, we s...

26.07.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, divergence on MACD made the pair start a new decline, which was pretty short. This situation may imply a new wave to the upside towards 61.8% and 76.0% fibo at 1853.18 and 1876.50 respectively. However, the key upside targets are th...

19.07.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, divergence on MACD madу the pair complete the correction and start a new descending wave towards the low at 1676.78. The next mid-term downside target is 50.0% fibo at 1617.50. Another scenario implies a further uptrend to reach 61....

12.07.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, local divergence on MACD may indicate that XAUUSD has completed the correctional uptrend after previous convergence. In this case, the pair is expected to start another descending impulse to reach its important low at 1676.78. The n...

12.07.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, local divergence on MACD may indicate that XAUUSD has completed the correctional uptrend after previous convergence. In this case, the pair is expected to start another descending impulse to reach its important low at 1676.78. The n...

05.07.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, XAUUSD is trading upwards after convergence on MACD and this growth may be considered as a correction after a strong descending wave. However, this correctional growth may transform into another wave to the upside. At the same time,...

28.06.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, XAUUSD is correcting after finishing a wave to the downside. Possibly, the pair may complete the pullback and resume falling. The previous decline has reached 61.8% fibo, so the next one may reach 76.0% fibo and the low at 1736.33 a...

21.06.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, XAUUSD is forming a stable wave to the downside after a divergence on MACD, which has already reached 61.8% fibo and may later continue towards 76.0% fibo and the low at 1736.33 and 1676.78 respectively. At the same time, a breakout...

14.06.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, XAUUSD is forming another correctional wave to the downside after a divergence on MACD. Possibly, after completing a short-term growth, the pair may form another descending impulse. At the moment, the asset is re-testing 23.6% fibo ...

07.06.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, after an attempt to test 61.8% fibo at 1922.50 and a divergence on MACD, the asset has formed a correctional descending wave. Possibly, after completing a short-term pullback, the pair may form another descending impulse. At the sam...

31.05.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, after breaking 50.0% fibo, the uptrend is approaching 61.8% fibo at 1922.50. At the same time, there is a divergence on MACD, which may hint at a possible descending correction. After finishing it, XAUUSD may start another wave to t...

24.05.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the uptrend has reached 50.0% fibo; right now, the pair is consolidating before starting another growth towards 61.8% fibo at 1922.50. However, despite the fact that the current uptrend is quite stable, there is a divergence on MACD...

17.05.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the stable uptrend continues as the pair is heading towards 50.0% fibo at 1875.75. After breaking this level, XAUUSD may continue growing to reach 61.8% fibo at 1922.50. However, despite the fact that the current uptrend is quite st...

10.05.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the uptrend continues. After breaking 50.0% fibo, XAUUSD is approaching 61.8% fibo at 1851.32 and may later break this level as well. In this case, the next upside target will be 76.0% fibo at 1891.40. However, despite the fact that...

03.05.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, a local divergence on MACD made XAUUSD complete the ascending wave at 38.2% fibo and start a new pullback to the downside. After the pullback is over, the rising dynamics may resume towards 50.0%, 61.8%, and 76.0% fibo at 1818.15, 1...

26.04.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, a local divergence on MACD made XAUUSD complete the ascending wave at 38.2% fibo and start a new pullback. The rising dynamics on MACD implies a further uptrend towards 50.0%, 61.8%, and 76.0% fibo at 1818.15, 1851.32, and 1892.40 r...

19.04.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, XAUUSD is correcting upwards and has already reached 38.2% fibo. The next upside targets may be 50.0% and 61.8% fibo at 1818.15 and 1851.32 respectively. After completing the correction and breaking the low at 1676.78, the market ma...

12.04.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, after rebounding from the support area, XAUUSD has re-tested 23.6% fibo. A rebound from the support area may be a signal in favor of a further correction. In this case, the correctional targets may be 38.2%, 50.0%, and 61.8% fibo at...