👑 Ideas For XAUUSD / GOLD
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#XAUUSD is in correction phase and is testing the area of 1950, there is a possibility that the price could go even lower, but I am questioning the behavior of DXY, which is manipulating the market very actively.
Gold is reacting to the behavior of the $ which is testing a previously broken level. Yesterday everyone was waiting for Powell's speech, who didn't say a word about monetary policy (I have my doubts). Yesterday the index showed some patterns that could signal a possible fall, and this could be positive for gold.
Today Powell will speak again and the Initial Jobless Claims will be released, which is an important indicator.
In terms of technical analysis, the XAU may test 1945, 1932.9 (0.382 fibo) or even MA-200 as a false breakout in a correction before rising further
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#XAUUSD 👑
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New Signal⚠️
#GOLD Sell📉 at 1963.68
StopLoss❗️: 1967.9
Scalp trading:
Take Profit 1️⃣: at 1959.78
Standart trading:
Take Profit 2️⃣: at 1951.87
Swing trading:
Take Profit 3️⃣: at 1939.67
— — — — —
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
📈 GOLD → False breakdown and support retest. Will there be growth?
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#XAUUSD is forming a false break of the support of the range, in which the price has been trading for three weeks. NFP is no longer influencing the market and all traders are waiting for the Fed chief's speech
Regarding the range support, there are only two scenarios at the moment: breakout or false breakout. The price is forming a retest and lower volatility before the Fed chief's speech. More sluggish and weak data (even hints) may give a bullish push to gold and further strengthening. Regarding this situation, I have identified two possible scenarios on the chart, which are developing in relation to the support of 1965. Consolidation above or below the level will be the confirmation of further direction.
Support levels: 1964.4, 1961
Resistance levels: 1969.9
I assume that we have a high chance for further growth, geopolitics, a lot of rumors about the future Fed rate may favor the situation. But still, let's wait for the news
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#XAUUSD 👑
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Читать полностью…👑 Ideas For XAUUSD / GOLD
📈 GOLD → Retest of the lower boundary of the range in a ↑ market
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#XAUUSD continues to correct, but at the moment there is nothing terrible, the price is directed to the support to retest the liquidity area
The continuation of the 1997 - 1964 consolidation on the gold market or the beginning of the correction may trigger the dollar, which most likely lost the influence of the NFP and is forming a pullback after the breakout of the range. If the dollar returns to the 105-107 range again, the market will continue to stand still. Either the dollar is still waiting for more influential news, such as rate related news, which may be hinted at by the Fed chief, who spoke twice this week. There is now an increased likelihood of monetary policy easing, which could weaken the dollar, but let's not jump to conclusions.
From the TA point of view: gold is directed to the area of 1964, where there is a huge pool of liquidity, the market can test this area before further breakout - standard trading strategy inside the range (buy at support, sell at resistance).
Support levels: 1964.4, 1961
Resistance levels: 1974
Gold is inside the range and the reaction of the price to the support, as well as the reaction of the dollar, will determine the further scenario in the market. In the long term, I expect growth after a false breakout of support.
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#XAUUSD 👑
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👑 Ideas For XAUUSD / GOLD
📈 GOLD → Support Retest. What to expect from the market?
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#XAUUSD has been heading towards the support area since the opening of the session. Most likely the market is trying to collect the maximum possible volume of liquidity before further upward breakout. What should we expect from the market next?
The most important thing is that at the moment we have possible preconditions for the formation of a further scenario. The market took last week's speech of the Fed Chairman positively. Ogrim progress on the inflation issue. After a long accumulation of #DXY and price standing still, the active growth is stopped and the price is falling, which may have a positive impact on the gold market.
Technically, the metal is in a consolidation format and is testing the support area against the bullish trend. There is a high probability that the market may make a false breakdown of support before further growth. A price consolidation above the SMA will form a strong bullish potential
Support levels: 1978.7, 1984, channel boundary
Resistance levels: MA200, MA50
I assume that after retesting the support area gold will start its growth. Targets are indicated on the chart.
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#XAUUSD 👑
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Читать полностью…New Signal⚠️
#GOLD Buy📈 at 1989.15
StopLoss❗️: 1985.00
Scalp trading:
Take Profit 1️⃣: 1993.08
Standard trading:
Take Profit 2️⃣: 1999.21
— — — — —
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
New Signal⚠️
#GOLD Sell📉 at 1964.79
StopLoss❗️: 1967.86
Scalp trading:
Take Profit 1️⃣: at 1959.63
Standart trading:
Take Profit 2️⃣: at 1951.89
Swing trading:
Take Profit 3️⃣: at 1939.79
— — — — —
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
📈 GOLD → False breakdown and support retest. Will there be growth?
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The #DXY finally lost influence from the NFP, the strong news was short-lived as the growth was influenced by comments on the Fed, which the day before left open the possibility of further policy tightening
The Feds are reacting rather harshly to rumors of rate easing as they try to steer market expectations away from rate cuts and price manipulation, as a consequence we see a corresponding reaction in the market.
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#XAUUSD 👑
〰️〰️〰️
New Signal⚠️
#GOLD Buy📈 at 1960.37
StopLoss❗️: 1956.15
Scalp trading:
Take Profit 1️⃣: at 1964.45
Standart trading:
Take Profit 2️⃣: at 1976.45
Swing trading:
Take Profit 3️⃣: at 1988.4
— — — — —
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 1987.13
StopLoss❗️: 1983.00
Scalp trading:
Take Profit 1️⃣: 1991.17
Standard trading:
Take Profit 2️⃣: 1997.14
— — — — —
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 1999.51
StopLoss❗️: 2004.93
Scalp trading:
Take Profit 1️⃣: at 1994.75
Standart trading:
Take Profit 2️⃣: at 1987.7
Swing trading:
Take Profit 3️⃣: at 1965.5
— — — — —
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 1984.78
StopLoss❗️: 1989.00
Scalp trading:
Take Profit 1️⃣: 1980.77
Standard trading:
Take Profit 2️⃣: 1974.70
— — — — —
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 Sell📉 at 1988
StopLoss❗️: 1992
Scalp trading:
Take Profit 1️⃣: at 1984
Standart trading:
Take Profit 2️⃣: at 1975
Swing trading:
Take Profit 3️⃣: at 1960
— — — — —
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