#GOLD Sell📉 at 2052
StopLoss❗️: 2056
Scalp trading:
Take Profit 1️⃣: at 2048
Standart trading:
Take Profit 2️⃣: at 2026
Swing trading:
Take Profit 3️⃣: at 2003
New Signal⚠️
#GOLD Buy📈 at 2048.27
StopLoss❗️: 2044.00
Scalp trading:
Take Profit 1️⃣: 2052.13
Standard trading:
Take Profit 2️⃣: 2058.24
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Be sure to use a stop loss❗️
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You can do:
Move the SL to entry after reaching TP1
Close part/all of the order at TP1
BREAKING NEWS
1. The US and friends bombed Yemen to stop Houthi attacks on ships in the Red Sea, hitting many Houthi spots.
2. President Biden said it's a clear message: don't attack people or mess with sea freedom.
3. US and UK forces used planes and missiles to target Houthi radar and launch sites.
4. They wanted to stop Houthi attacks on ships after previous drone and missile hits in the Red Sea.
5. Big explosions happened in Yemen's capital and a port city, but the targets were not near regular people.
6. Houthi disruptions made over 2,000 ships go far from the Red Sea.
7. This attack is a big deal after Hamas attacked Israel in October.
8. Strikes happened after Secretary Blinken visited the Middle East for support against the Houthi.
9. Even with worries from nearby countries, the US and friends kept attacking, risking a bigger conflict.
10. Saudi Arabia said, "Calm down, don't make it worse" after the attacks.
🌐 This news took immediate effect on Gold as price starts to rise because there could be a retaliation from other Middle East Nations.
Happy upcoming holidays to everyone and Happy New Year 2024! 😉
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Читать полностью…Ideas For XAUUSD / GOLD
#XAUUSD is forming a strong bullish trend, but there are some preconditions on the chart, which in tandem with the news can form an unexpected scenario
Today is the last strong news of the year. Namely, at 13:30 GMT Initial Jobless Claims will be published. (rlinda. com) Overall, analysts are expecting 210K relative to the previous 205K. This is bad data. But a big role is played by the actual data relative to the expected data.
• If the data will be higher than expected 210K, the dollar may break the local support and continue its decline, which will strengthen the gold.
• If the data will be lower than expected 210K, then gold will catch a bearish wave on the back of dollar strength.
Support levels: 2075, 2069.3, rising line
Resistance levels: 2080, 2088, 2100.
Technically, gold is ready to continue to grow and this will continue in the medium and long term, (rlinda. com) but locally, the news can unpredictably affect the price
#XAUUSD
New Day start ✋ with the name✅of Allah Almighty my God bless you all the problem Hope you will be fine
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👑 Ideas For XAUUSD / GOLD
📈 GOLD → The market is waiting for news. Falling or rising?
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#XAUUSD is breaking through resistances. Yesterday the US GDP was released, which showed weaker data than the market expected and this is favorable for the gold price. In part we were prepared for it.
The DXY is breaking the pattern and retesting key support. High odds are high that the decline and weakening of the index will continue. (rlinda . com) Hence, it is bullish for gold to overcome the pattern and range resistance. Gold in a bullish move breaks through the limit barrier and consolidates above the mentioned line.
Ahead of us today is the news at 13:30 GMT. I don't think they will change anything after the US GDP. Analysts expect the publication of about the same data as last period (with a slight correction). Volatility may increase in the market, be careful during trading.
Gold enters a new range of 2050 - 2070, the intermediate target is 2062.
Support levels: 2050, 2048
Resistance levels: 2062, 2075
I expect the continuation of growth even after the news, as yesterday's news defined the medium-term potential for the market. (rlinda . com) Targets are indicated on the chart. A pullback from 2062 to support before further growth is possible.
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#XAUUSD 👑
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Читать полностью…Apparently, the market is influenced by the weak news on GDP.
The dollar is declining and this has a corresponding effect on gold.
Notice the pattern. Notice anything?
The approximate resistance area that holds the market is 2044-2045. A break of this resistance will form an impulse.
At the moment we are seeing a bull market in gold.
👑 Ideas For XAUUSD / GOLD
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GOLD reaches our target, but after a false breakdown of support 2016, the market quickly buys back all the fall. Now the price is heading towards a strong resistance
At the moment the price of gold is heading to the resistance of the ascending channel, from here two scenarios can develop:
1) False breakout may lead to a pullback, within which the price may break through 2031.8. Consolidation below this level will continue the correction phase and within the descending channel the price may head towards 2016
2) False breakout will form a small correction to 2030-2031. But, the fundamental background will play its role and the price will start forging resistance retests for a breakout. Breakout of downside resistance and 2038.9 level is a signal and price consolidation above these areas will be confirmation
Support levels: 2031.8, 2025
Resistance levels: MA-200, 2038.9
I think that the chance is higher towards the resistance breakout than towards further decline. We follow the price reaction beyond the mentioned zone and wait for confirmation of one or another scenario to open trades
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#XAUUSD 👑
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🟡
New Signal⚠️
#GOLD Sell📉 at 2030.82
StopLoss❗️: 2035.00
Scalp trading:
Take Profit 1️⃣: 2026.74
Standard trading:
Take Profit 2️⃣: 2020.78
— — — — —
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
#GOLD UPD:
Strange development of the situation after the publication of negative news for the dollar
the market reacts opposite to the logical outcome.
Most likely, the market maker is trying to test the liquidity area, (rlinda. com) located at the bottom, before further growth of the price
Two scenarios are possible.
If the market maker has collected the position he needs, he will try to bring the price to the buying zone, which can be formed above 2069-2075. If the price fixes above this area, the growth phase will begin
BUT! False breakdown of 2069-2075 is possible, (rlinda. com) if the price fixes below this area, the fall will continue to the key area of liquidity 2047 before further growth to 2100.
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#XAUUSD 👑
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👑 Ideas For XAUUSD / GOLD
#XAUUSD has been strengthening since the opening of the session. Friday's sell-offs formed local support at 2050 (retest) after which a new range is likely to be formed
For gold we have a favorable fundamental background, which may have a positive impact on the price. (rlinda . com) While the DXY is declining, the gold is testing new highs.
As there are a few days left before the New Year holidays, liquidity in the market is decreasing. Against this background, the price may end the trading session within the existing range of 2050 - 2075. I would advise to focus on the range trading strategy.
On the chart we can see the key support lines: rising line, 2055, 2051, 2050.
There is a chance (rlinda . com) that the price may test these lines.
The level of 2062, 2069, 2075 plays the role of key resistance.
Pay attention to the schedule of your broker, so as not to open trades before the closing of the trading session. The volumes on the market are decreasing and in all likelihood the price may get stuck in the mentioned range. On Thursday, strong news is published, but until that day, gold may trade inside 2075 - 2050.
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#XAUUSD 👑
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👑 Ideas For XAUUSD / GOLD
📈 GOLD → False breakdown of 2070. Rollback to the end of the year
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#XAUUSD strengthened quite actively last week. The price is retesting the resistance at 2069.8 formed in August 2020. There are reasons for further growth, but also reasons for further pullback. Let's see
In the coming week there is no news except Initial Jobless Claims, analysts are expecting an increase in claims from 205K to 210K. (rlinda . com) The GDP data weakens the dollar, the Fed's stance also suggests a possible rate cut next year, and in addition the inflation data. The overall fundamental background is unfavorable for the DXY and we see a decline in the index, which in the medium term is favorable for the gold market
Technically, there are a few days to go until the end of 2023, volatility and liquidity may decrease, but since Friday ended with a false break of resistance zones (2069.8, 2055), the current correction may last. The price may reach the support area before further growth.
It is worth paying attention to the following levels:
Resistance: 2055, 2050, 2065, 2069, 2075
Support: 2047, 2040, 2030, 2015
I advise you to study the work schedule of your brokers for Christmas and New Year holidays. (rlinda . com) Each broker determines its own regulations and therefore on these days some companies may work and others may not.
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#XAUUSD 👑
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Tomorrow though there will be news, but it will not change the picture. Gold during Asian and European session can test resistance 2044, 2048, 2050 for a breakout.
If the breakout happens, consolidation above the mentioned zone will form a bullish potential.
As you could correctly notice, the main bias is towards further growth. The actual target could be the zone of 2075-2080 🤩
👑 Ideas For XAUUSD / GOLD
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#XAUUSD has been standing still for a few days, as well as the DXY. The market is waiting for today's news related to GDP and unemployment. What is the difficulty in determining the future direction of the price?
Let's start with the fact that since last week the Fed destroyed the adequate price behavior for the medium term. The dollar, based on data, not rumors, should rise, gold should fall, but that is not the case. There is a possibility that this manipulation by the market maker to take more favorable positions before further movement in one direction or another.
Today the US GDP (rlinda . com) and unemployment are published. Analysts expect GDP to remain flat at 5.2% and Initial Jobless Claims to rise from 202K to 214K (a generally bearish scenario for the dollar). If:
• GDP comes out lower than expected and Initial Jobless Claims higher than expected, the dollar could fall.
• Accordingly, if GDP rises and unemployment falls, the dollar will probably go up. The movement of the indices will affect the gold accordingly
Resistance levels: 2038, 2050
Support levels: 2030, 2020
From the TA + fundamentals point of view, the market is confused, hence a sideways flat, which can be interpreted as neutral forces (obviously). (rlinda . com) There is a high probability that the dollar could still get stronger. In this case gold may test the resistance before further falling. But news is always unpredictable!
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#XAUUSD 👑
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