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Читать полностью…👑 Ideas For #XAUUSD / #GOLD
📈 Why is the metal rising? A chance to upgrade ATH to 2800?
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GOLD rallies and seeks to renew the local maximum. The fundamental background is changing in favor of the metal, to which aggressive buyers are running...
Gold is not reacting to the dollar rally and hawkish Fed rate statements. Markets now rate the probability of a 0.25% Fed rate cut in December at 51%, up from 84% a week ago.
The reason for the metal's rally is paramount to the escalating conflict in Eastern Europe. The US Democrats have untied the hands Ukraine, which has caused Russia to change its nuclear doctrine and lower its threshold for retaliatory decisions. The conflict, fundamentally, is taking a more serious side.
Gold, as a hedge asset in times of crisis, is soaking up investor money and feeling strong buyer support
Technically, we are getting a high probability that the metal can update ATH to 2800-2850.
Resistance levels: 2710, 2731, 2750
Support levels: 2689, 2680, 2674
There is strong resistance ahead, which may trigger a correction to the nearest liquidity zones, but we are not talking about reversals. The correction may end quickly and the price will go into the bull run phase again. Medium-term targets are 2731-2750
New Signal⚠️
#GOLD Sell-limit 📉 at 2668.92
StopLoss❗️: 2673.12
Scalp trading:
Take Profit 1️⃣: at 2664.03
Standart trading:
Take Profit 2️⃣: at 2651.13
Swing trading:
Take Profit 3️⃣: at 2629.23
— — — — —
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…New Signal⚠️
#GOLD Buy📈 at 2630.26
StopLoss❗️: 2626.16
Scalp trading:
Take Profit 1️⃣: at 2635.3
Standart trading:
Take Profit 2️⃣: at 2648.24
Swing trading:
Take Profit 3️⃣: at 2660.19
— — — — —
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…New Signal⚠️
#GOLD Sell-limit 📉 at 2697.97
StopLoss❗️: 2702.24
Scalp trading:
Take Profit 1️⃣: at 2693.19
Standart trading:
Take Profit 2️⃣: at 2681.21
Swing trading:
Take Profit 3️⃣: at 2651.67
— — — — —
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
👑 Ideas For #XAUUSD / #GOLD
📈 The fundamental backdrop is changing, as are the targets
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GOLD breaks local trend and makes sellers nervous. The fundamental background is changing despite the growth of the dollar, which is generally positive for gold as a safe asset in times of crisis
The dollar rallied strongly on Wednesday as traders increased optimism on Trump's dealings, digesting hawkish comments from the Federal Reserve. Despite the hawkish shift in Fed expectations and the optimism of the overall market syuttaion on the dollar, the gold price held up and benefited from escalating geopolitical tensions between Russia and Ukraine.
Against the backdrop of the escalating Russia-Ukraine conflict, the gold price is likely to be firm, but upcoming Fed comments could strengthen sellers.
Technically, gold has all chances to test the previously broken channel boundary, but based on the technical and fundamentals, we can conclude that further growth may continue.
Resistance levels: 2665, 2686, 2700
Support levels: 2643, 2627
The price is heading towards the zone of liquidity and interest, from which a correction may be formed, after which the market may resume the growth of gold, as the interest to the metal as a hedge asset has returned.
Medium-term targets could be 2700-2750
👑 Ideas For #XAUUSD / #GOLD
📈 Market confirms downtrend
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GOLD is testing resistance of a key descending channel. Bears continue to resist based on important fundamental aspects of the global economy
Fears of further geopolitical escalation between Russia and Ukraine are likely to subside a bit. In addition, the Fed speech will help determine the U.S. central bank's future path on interest rates. Attention is focused on the December rate meeting....
Technically, the gold confirms the downtrend channel, so we have a key trend to follow in our trading decisions.
A false breakdown of the local resistance at 2627 is forming. Consolidation of the price below this zone may provoke further decline
Resistance levels: 2627, 2643
Support levels: 2694, 2560
Another resistance retest is possible. It will be possible to talk about buying after the price will be able to break 2643 and consolidate above this zone (additional scenario). But in priority I consider further decline from 2627 or from the channel resistance
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Читать полностью…👑 Ideas For #XAUUSD / #GOLD
📈 Are the bears in doubt? Resistance ahead
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GOLD strengthens to 2625, jeopardizing the local downtrend. Fundamentally, the situation is complicated, as well as technically...
The metal price is actively influenced by the escalated geopolitical situation between Russia and Ukraine. The market is also watching the Middle East, as despite the reduced news flow, the situation is still tense. In addition, expectations of additional stimulus measures from China also favor the growth of prices for this metal. It is still unclear whether gold will be able to hold on to the bullish momentum as the price is approaching strong resistance and traders are cautious as they await new signals on the Fed's interest rate outlook.
Technically, as the price is still within the boundaries of the local descending channel, it is worth considering selling from strong zones and levels. The situation will change when the price breaks (it is not a fact) the channel resistance...
Resistance levels: 2626, 2643
Support levels: 2604, 2590
Most likely, the market seeks to test the resistance, relative to which a stalemate situation is forming due to the mixed fundamental background.
A false break of 2643-2626 will strengthen the selling and bring us back to the downside. But an unexpected resistance breakout will bring back the buyers' motivation
New Signal⚠️
#GOLD Sell📉 at 2607.93
StopLoss❗️: 2611.51
Scalp trading:
Take Profit 1️⃣: at 2603.79
Standart trading:
Take Profit 2️⃣: at 2591.6
Swing trading:
Take Profit 3️⃣: at 2579.66
— — — — —
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
#GOLD Buy📈 at 2593
StopLoss❗️: 2589
Scalp trading:
Take Profit 1️⃣: at 2598
Standart trading:
Take Profit 2️⃣: at 2608
Swing trading:
Take Profit 3️⃣: at 2623