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GOLD KING Signals 🤴♻️

👑 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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GOLD KING Signals 🤴♻️

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GOLD KING Signals 🤴♻️

New Signal⚠️
#GOLD Sell📉 at 1941.90

StopLoss❗️: 1946.00

Scalp trading:
Take Profit 1️⃣: 1937.94
Standard trading:
Take Profit 2️⃣: 1931.78
— — — — —
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

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GOLD KING Signals 🤴♻️

👑 Ideas For XAUUSD / GOLD
📈 GOLD → Market on pause, correction continues
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Powell spoke yesterday, but his words were predictable, to summarize: we are not sure yet, so if anything, we may add more. On his words, the dollar returns for the previously broken support and we are greeted by a bullish US GDP in the morning by the market.

Looking at gold technically, the pullback phase of the price has not yet reached its target. These zones could be: 1945.8 (deeper test), 1932.9 (0.382 fibo), MA200, and one important zone is the 1908.5 level (0.5 fibo).
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#XAUUSD 👑
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GOLD KING Signals 🤴♻️

New Signal⚠️
#GOLD Buy📈 at 1956.25

StopLoss❗️: 1952.00

Scalp trading:
Take Profit 1️⃣: 1960.18
Standard trading:
Take Profit 2️⃣: 1966.24
— — — — —
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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GOLD KING Signals 🤴♻️

👑 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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GOLD KING Signals 🤴♻️

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

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GOLD KING Signals 🤴♻️

👑 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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GOLD KING Signals 🤴♻️

The First Take-Profit has been reached🎯💰: +42pips

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GOLD KING Signals 🤴♻️

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GOLD KING Signals 🤴♻️

New Signal⚠️
#GOLD Buy📈 at 1947.11

StopLoss❗️: 1943.00

Scalp trading:
Take Profit 1️⃣: 1951.18
Standard trading:
Take Profit 2️⃣: 1957.21
— — — — —
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

Читать полностью…

GOLD KING Signals 🤴♻️

👑 Ideas For XAUUSD / GOLD
📈 GOLD → Market on pause, correction continues
➖ ➖ ➖ ➖ ➖
#XAUUSD in correction phase, pullback from support at 200 pips on Thursday begin to sell off on the back of positive US GDP. The #DXY strengthens and returns to consolidation, which affects the forex market and gold.

Since the market can't go up all the time, even on increased interest, we encounter correlations or changes in the local trend. The short-term target now is the support at 1945.8 (the price may reach this zone during the Friday session). Appropriate reactions to this level will give us prerequisites for a pullback or a continuation of the fall, we will keep an eye on the price.

Support levels: 1945.8, 1932.9, MA200.
Resistance levels: 1953, 1962

I assume that the price will continue to form a current flat until the market gets the appropriate fundamental data or other leverage to get out of this range. Since the market is neutral now, we can trade according to the range trading strategy.
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#XAUUSD 👑
〰️〰️〰️

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GOLD KING Signals 🤴♻️

New Signal⚠️
#GOLD Sell📉 at 1947.62

StopLoss❗️: 1951.95

Scalp trading:
Take Profit 1️⃣: at 1943.9
Standart trading:
Take Profit 2️⃣: at 1934.94
Swing trading:
Take Profit 3️⃣: at 1925.84
— — — — —
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

Читать полностью…

GOLD KING Signals 🤴♻️

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

Читать полностью…

GOLD KING Signals 🤴♻️

👑 Ideas For XAUUSD / GOLD
📈 GOLD → False breakdown and support retest. Will there be growth?
➖ ➖ ➖ ➖ ➖
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.
➖ ➖ ➖ ➖ ➖
#XAUUSD 👑
〰️〰️〰️

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GOLD KING Signals 🤴♻️

🚨Move the StopLoss to the Entry point (To the breakeven point)

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GOLD KING Signals 🤴♻️

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

Читать полностью…
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