👑 Ideas For XAUUSD / GOLD
📈 GOLD → Retest of liquidity area before further decline
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GOLD is forging a local trend after a small correction on Monday. At the moment, as the prices are trading inside the flat, the target is the area of 2044-2048, from which a decline may follow
On D1 we see two key figures, which play an important role at the moment - resistance 2048 and the descending price channel, which characterizes the whole market at the moment. The price has been heading towards the target 2044-2048 since the opening of the session on Tuesday and with a high probability, within the descending price channel, a retest of the resistance may follow and a false breakout may be formed. Against the background of this movement we have no clear preconditions for resistance breakout, therefore, against the background of flat and descending channel I am waiting for the realization of the scenario "false breakout of resistance with the subsequent price decline to support"
Resistance levels: 2044, 2048
Support levels: channel support, 2025
The global role is played by the flat. Within the flat a bearish channel is formed on D1. That is, based on this set-up we can assume that we have a neutral-negative mood. Consequently, after retesting the liquidity area, the price may form a correction to the support
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#XAUUSD 👑
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Читать полностью…👑 Ideas For XAUUSD / GOLD
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GOLD is testing 2030 and forming a false breakdown. Today the market is waiting for news from the FOMC, where they are likely to discuss inflation, interest rate and may make some statements. At this time the metal price is forming the range of 2030 - 2016
Globally, gold is flat as investors are confused by the US market regulators. But, interest in the metal is still high from the Central Bank, at the same time the GOLD-ETF is caught up in a wave of sell-offs due to the Fed's sharp statement last week about a possible interest rate cut in summer instead of spring.
Technically, gold may head towards 2020, 2016 support from resistance. But, at the time of news, the price may test 2029 and 2037 before further correction to these targets.
Resistance levels: 2029, 2037
Support levels: 2020, 2016, 2004
The market is neutral and the price is moving between strong levels. Most likely, on the background of the FOMC speech, the price may again form a bearish correction after the resistance retest.
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#XAUUSD 👑
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New Signal⚠️
#GOLD Buy📈 at 2028.06
StopLoss❗️: 2024.49
Scalp trading:
Take Profit 1️⃣: at 2033.29
Standart trading:
Take Profit 2️⃣: at 2040.18
Swing trading:
Take Profit 3️⃣: at 2056.33
— — — — —
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 2034.88
StopLoss❗️: 2038.83
Scalp trading:
Take Profit 1️⃣: at 2029.75
Standart trading:
Take Profit 2️⃣: at 2017.87
Swing trading:
Take Profit 3️⃣: at 2000.86
— — — — —
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 2035.1
StopLoss❗️: 2031.33
Scalp trading:
Take Profit 1️⃣: at 2039.1
Standart trading:
Take Profit 2️⃣: at 2048.37
Swing trading:
Take Profit 3️⃣: at 2058.14
— — — — —
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 2029.08
StopLoss❗️: 2025.00
Scalp trading:
Take Profit 1️⃣: 2033.27
Standard trading:
Take Profit 2️⃣: 2039.13
— — — — —
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 2032.78
StopLoss❗️: 2036.73
Scalp trading:
Take Profit 1️⃣: at 2028.57
Standart trading:
Take Profit 2️⃣: at 2017.52
Swing trading:
Take Profit 3️⃣: at 2000.75
— — — — —
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 Sell📉 at 2033
StopLoss❗️: 2037
Scalp trading:
Take Profit 1️⃣: at 2029
Standart trading:
Take Profit 2️⃣: at 2018
Swing trading:
Take Profit 3️⃣: at 2001
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New Signal⚠️
#GOLD Sell📉 at 2029.93
StopLoss❗️: 2034.00
Scalp trading:
Take Profit 1️⃣: 2025.77
Standard trading:
Take Profit 2️⃣: 2019.90
— — — — —
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