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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👑 Ideas For XAUUSD / GOLD
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#XAUUSD remains within consolidation for several days. The market stands still due to the uncertain fundamental environment
The DXY stands in a narrow consolidation, but at the same time forms an ascending triangle, which can be interpreted as bullish consolidation, pushing the price to resistance with the aim of breaking the limit resistance level. (rlinda . com) If the dollar starts to strengthen, which is expected on the background of the pattern, gold will then start to realize the scenario we expect.
Fundamentally, on Friday and Monday, Fed officials made it clear to the market that Powell said nonsense about the rate easing discussion and started to put things in order: a rate cut is possible in March, but it is too early to discuss it now, as inflation is still high and a rate hike is possible.
Hence, this is a negative fundamental backdrop for gold. Gold is now in consolidation and heading towards resistance for a retest before a possible fall.
Support levels: 2023, 2020, 2010
Resistance levels: 2030, 2033.6
There is a high chance that after the resistance is retested, gold will start a downward phase, (rlinda . com) as below the above mentioned zones and below the lows there is an area of interest to the market maker - areas of imbalance formed on the background of the strongest rally a few weeks ago.
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#XAUUSD 👑
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👑 Ideas For XAUUSD / GOLD
📈 GOLD → Nearby resistance could influence further declines
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#XAUUSD on Friday, after the words of Williams (Fed) falls under the sell-off and tests the low of 2015.6. At the moment, the market is calm and forming a correction after a false breakdown of support
For the DXY, a relatively bullish fundamental backdrop was restored on Friday. In all likelihood, the correction may be followed by a recovery phase, which could affect gold in terms of further declines. Let me remind you that at the moment the price is in the range of 0.382 fibo - 0.236 fibo.
On the H1 chart, (rlinda . com) the price is forming a false break of the support of the 2020 range and is heading towards resistance to retest this area.
The market still wants to take the price lower as there is an area of imbalance and interest for the market below the 2000 - 1975 area, but amid strong market manipulation by the Fed, the asset is trading slightly higher than it should be.
Support levels: 2020, 2015
Resistance levels: 2030. 2038. 2050
Still, we expect a decline after the resistance retest. The market is recovering fundamental background, within which gold may test lower support levels.
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#XAUUSD 👑
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Sir please let me know once you confirm it, and am thanking you for all you are doing for the less privilege may Allah continue to bless you 🙏
Читать полностью…And that's what happened to gold:
On the low timeframe, a sharp fall.
The fall occurred after the words of William (Fed) 🤡
In the channel, I talked about how the market reaction to Powell's words is marasmus and pure market manipulation by the Fed.
It is as if the Fed and all its members do not see and do not communicate with each other. The head says one thing, the representatives say something else. 🤡
I said recently that 1-2 days after Powell's words the market may stabilize.
After it stabilizes, we will be able to see the medium term perspective quite clearly.
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
📈 GOLD → Consolidation against an unstable background
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#XAUUSD continues to consolidate. The market is forming a range after the shakeout, manipulation by the frs, unstable fundamental environment. Let's get to the bottom of what's going on
The price is testing strong resistance on D1, but on the local timeframe both gold and DXY are in consolidation. (rlinda . com) Technically, the dollar is showing hints of possible growth, but the important news will be only tomorrow (December 21) and they are expected to be quite unstable. It is difficult to determine the outcome in advance, we will wait for the actual data.
Gold is testing the resistance 2048 - 2050, the third retest on D1, but the price does not reach a few tens of points to the maximum. There can be many reasons for this, and one of the serious ones is building a limit barrier due to strong sellers. But again, the price has not yet tested 2050 (no touch). It may happen before a possible rebound. Now there is also a possibility that the market may try to break 2050 and enter the range of 2050 - 2075. We continue to watch this area.
Resistance levels: 2048 - 2050
Support levels: 2038, 2030, 2020
From the point of view of range trading strategy, we should expect a fall after retesting the range resistance, as there is no actual trend and on the background of neutrality we can both buy and sell, but inside the range.
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#XAUUSD 👑
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New Signal⚠️
#GOLD Buy📈 at 2029.38
StopLoss❗️: 2025.13
Scalp trading:
Take Profit 1️⃣: at 2033.11
Standart trading:
Take Profit 2️⃣: at 2042.28
Swing trading:
Take Profit 3️⃣: at 2055.14
— — — — —
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 Buy📈 at 2025.20
StopLoss❗️: 2021.00
Scalp trading:
Take Profit 1️⃣: 2029.20
Standard trading:
Take Profit 2️⃣: 2035.23
— — — — —
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 Buy📈 at 2022.16
StopLoss❗️: 2018.07
Scalp trading:
Take Profit 1️⃣: at 2026.07
Standart trading:
Take Profit 2️⃣: at 2039.44
Swing trading:
Take Profit 3️⃣: at 2053.08
— — — — —
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 Buy📈 at 2025.29
StopLoss❗️: 2021.00
Scalp trading:
Take Profit 1️⃣: 2029.19
Standard trading:
Take Profit 2️⃣: 2035.05
— — — — —
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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Last trading week, the market rattled everyone's nerves. And the reason for that was the incompetence of the Fed as a structure that has a huge influence on the market. The paradox of the Fed this week was that Fed Chairman Jeremy Powell gave a strong pattern on Tuesday that they are discussing rate cuts and are ready to do so in the future. (rlinda . com)As a consequence, an aggressive reaction is forming in the market in the form of a bullish momentum of 3%.
And on Friday, one of the Fed's representatives, Williams, said that they are not even going to consider this issue anytime soon. He also added that the Fed is seriously ready to raise rates if necessary. the market reacts with strong sell-offs of $300 or 1.5%.
The price is testing one of the strong support areas and from the technical analysis point of view, there is a chance to see a rebound and a retest of the local resistance before a further decline.
In the coming week it is worth paying attention to the following news, the data on which can also determine the medium-term outlook for the market:
• GDP QoQ, Initial Jobless Claims, Philadelphia FED MI
• Core DGO, CORE PCE
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#XAUUSD 👑
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Sir this all I have please help me as your helping others cause I can testify to it,my neighbor got his profit yesterday
Читать полностью…New Signal⚠️
#GOLD Sell📉 at 2037.63
StopLoss❗️: 2041.52
Scalp trading:
Take Profit 1️⃣: at 2031.73
Standart trading:
Take Profit 2️⃣: at 2021.51
Swing trading:
Take Profit 3️⃣: at 2001.94
— — — — —
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