👑 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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And how was your free signals trade ?
@GOLD_KING_SUPPORT ⭐
✅✅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
👑 Ideas For XAUUSD / GOLD
📈 GOLD → Market on pause, correction continues
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#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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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
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
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 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
👑 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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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
👑 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