👑 Ideas For XAUUSD / GOLD
📈 GOLD → Golden cross + 2x bottom = What to expect from XAU?
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#GOLD is shaking down, testing the support of 1957 on the background of news related to retail sales in the USA. An interesting set-up is forming around the support, and a struggle for further market retention is taking place between buyers and sellers
On D1, we see the gold price recovering on the back of the falling the Dollar. On Thursday, the market is buying back half of yesterday's decline amid the lingering impact of CPI, weakening inflation and in anticipation of Initial Jobless Claims, which may have a further favorable impact on the market.
From the technical analysis point of view, we see the forging of the local double bottom against 1957 and the appearance of the MA50 x MA200 golden cross, which opens additional leverage for the market, contributing to a possible strengthening of the price. If gold consolidates above the support of the current range - 1965 (1960), we will see the continuation of growth in the medium term.
Support levels: 1965, 1960, 1957
Resistance levels: 1969.9, 1974
Gold is still quite strong on the back of increased interest and favorable fundamental background. Consolidation above the above support area will give a good bullish potential and entry point for long positions.
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#XAUUSD 👑
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🟡
New Signal⚠️
#GOLD Sell📉 at 1972.86
StopLoss❗️: 1977.00
Scalp trading:
Take Profit 1️⃣: 1968.91
Standard trading:
Take Profit 2️⃣: 1962.87
— — — — —
Be sure to use a stop loss❗️
— — — — —
You can do:
Move the SL to entry after reaching TP1
Close part/all of the order at TP1
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Читать полностью…New Signal⚠️
#GOLD Sell📉 at 1969.54
StopLoss❗️: 1973.89
Scalp trading:
Take Profit 1️⃣: at 1964.91
Standart trading:
Take Profit 2️⃣: at 1955.7
Swing trading:
Take Profit 3️⃣: at 1939.61
— — — — —
Be sure to use a stop loss❗️
— — — — —
You can do:
Move the SL to entry after reaching TP1
Move SL on TP1 after reaching TP2
Close part/all of the order at TP1
Close part/all of the order at TP2
New Signal⚠️
#GOLD Sell📉 at 1946.80
StopLoss❗️: 1951.00
Scalp trading:
Take Profit 1️⃣: 1942.75
Standard trading:
Take Profit 2️⃣: 1936.76
— — — — —
Be sure to use a stop loss❗️
— — — — —
You can do:
Move the SL to entry after reaching TP1
Close part/all of the order at TP1
👑 Ideas For XAUUSD / GOLD
📈 GOLD → False break of MA200 and strong support
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#GOLD , continues to form a range and consolidation. The price is testing the level of 1946.77, which divides the market plane into two components: bearish and bullish. Further market movement depends on DXY reaction to the news.
From a technical point of view, gold is testing the MA-200 and forming a false breakout of a relatively strong support area - a pretty strong set-up for buying. Bad news for the dollar can play a positive role for gold
Since false breakout often (based on statistical data) forms the strongest setups, in our case I would emphasize the level of 1949.1. If this resistance is broken and the price fixes above this area, the market may show a gorgeous impulse towards the local highs (1965)
The news may play a positive role in gold pricing, but it is worth paying attention to the nuances that I pointed out above. Gold is still in a zone of high interest and is also testing a strong support area.
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#XAUUSD 👑
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Читать полностью…New Signal⚠️
#GOLD Sell📉 at 1971.65
StopLoss❗️: 1975.59
Scalp trading:
Take Profit 1️⃣: at 1965.53
Standart trading:
Take Profit 2️⃣: at 1955.78
Swing trading:
Take Profit 3️⃣: at 1939.72
— — — — —
Be sure to use a stop loss❗️
— — — — —
You can do:
Move the SL to entry after reaching TP1
Move SL on TP1 after reaching TP2
Close part/all of the order at TP1
Close part/all of the order at TP2
New Signal⚠️
#GOLD Sell📉 at 1971.76
StopLoss❗️: 1975.76
Scalp trading:
Take Profit 1️⃣: at 1965.7
Standart trading:
Take Profit 2️⃣: at 1955.85
Swing trading:
Take Profit 3️⃣: at 1939.88
— — — — —
Be sure to use a stop loss❗️
— — — — —
You can do:
Move the SL to entry after reaching TP1
Move SL on TP1 after reaching TP2
Close part/all of the order at TP1
Close part/all of the order at TP2
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Читать полностью…You are an excellent trader I pray that you will always be happy and help people in the same way
Читать полностью…👑 Ideas For XAUUSD / GOLD
📈 GOLD → False break of MA200 and strong support
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Today CPI data is released which is one of the important data for the Fed to form its policy (Analysts expect YoY, MoM to deteriorate). Powell is still keeping a tight policy and wants investors to realize that the door to a % rate hike is still open, inflation data will not change the medium term outlook much.
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UPD:
BofA survey: 76% of international governors surveyed believe the Fed has completed its rate hiking cycle
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#XAUUSD 👑
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