Good morning!
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👑 Ideas For XAUUSD / GOLD
📈 GOLD → A retest of bullish trend support. What to expect?
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GOLD reaches the 2400 mark on Friday before facing a profit-taking. There is a possibility that traders closed positions before the strong news that occurred from Saturday to Sunday
There is no correlation with the dollar now, which makes it easier for technical analysis. In fact, we have a strong bullish trend and strong support in the form of the 2325-2330 zone and an ascending channel line. From Saturday to Sunday there was the development of another geopolitical problem in the Middle East and it is related to the armed crisis between Iran and Israel, which in general can only affect the appreciation of the metal.
Resistance levels: 2365, 2375
Support levels: 2335, 2330, 2325
In general, we should consider a retest of the trend support or 2330 and look at the price reaction to these levels. Most likely, the trend may continue.
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#XAUUSD 👑
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Few minutes ago I received my trade profits in long term invest..
This trading gives good profits
#GOLD Buy📈 at 2394
StopLoss❗️: 2390
Scalp trading:
Take Profit 1️⃣: at 2400
Standart trading:
Take Profit 2️⃣: at 2409
Swing trading:
Take Profit 3️⃣: at 2428
👑 Ideas For XAUUSD / GOLD
📈 GOLD → How will CPI affect gold? Growth, slowdown or correction?
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GOLD continues to grow. Since the opening of the session the price has been testing 2350 but has not been able to update the maximum yet, having formed a correction to MA-50. CPI is ahead and the market stops and goes into a waiting mode
There is a huge imbalance in the market. The news can provoke strong sell-offs, provided that the price breaks through at least one zone of liquidity, for example 2338-2328, then the activation of orders will provoke a strong impulse to these areas. But, the news may also provoke the continuation of growth to 2400.
Fundamentally, traders are waiting for the CPI to drop to 0.3% and this is a rather sharp decline amid the speeches of the Fed representatives. Technically, gold is still strongly bullish and continues to attract interest.
Resistance levels: 2354, 2375, 2400
Support levels: 2328.4, 2303.7
Today all the attention is not on the technical component of the market, but on the fundamental one. Gold may react either by continuing its strong growth or by temporarily slowing down and going into a state of consolidation.
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#XAUUSD 👑
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#GOLD Buy📈 at 2363
StopLoss❗️: 2359
Scalp trading:
Take Profit 1️⃣: at 2368
Standart trading:
Take Profit 2️⃣: at 2379
Swing trading:
Take Profit 3️⃣: at 2380
👑 Ideas For XAUUSD / GOLD
📈 GOLD → Distribution continues. Is the target of 2150 relevant?
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GOLD strengthens to 2120 and forms a new local consolidation within the distribution after coming out of a prolonged consolidation. Should we wait for further growth?
The price has entered an empty range of 2085 - 2150, within which there is no resistance, which suggests that the price can reach ATH - 2145-2150 quite easily and quickly. Consolidation, from which the price recently came out, lasted for 3 months, which allowed the market to accumulate a huge potential. The realization of such potential may take 20-40% of the duration of this consolidation. But, it is not about the distribution, but about the whole upward movement. Gold continues to form a global bullish trend.
Consolidation is forming on H4. Breakout and consolidation of the price above 2020 will form the potential for further growth to the maximum.
Resistance levels: 2120, 2145, 2150
Support levels: 2110, 2100
I expect growth to continue within the realized distribution phase, as the market has not yet reached its target. Local corrections, traps are possible, but the target may be reached in the near future
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#XAUUSD 👑
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#GOLD Sell📉 at 2356
StopLoss❗️: 2360
Scalp trading:
Take Profit 1️⃣: at 2352
Standart trading:
Take Profit 2️⃣: at 2340
Swing trading:
Take Profit 3️⃣: at 2303
Hey, buddies. A new trading week is starting, I am preparing a market review and will share ideas soon.
Also a little later I will share information about the strange movement of gold on Friday.
Have a productive and profitable week!
#GOLD Sell📉 at 2339
StopLoss❗️: 2343
Scalp trading:
Take Profit 1️⃣: at 2335
Standart trading:
Take Profit 2️⃣: at 2323
Swing trading:
Take Profit 3️⃣: at 2306
👑 Ideas For XAUUSD / GOLD
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GOLD continues to grow. Yesterday there was an emphasis on the liquidity area located near the previously broken channel boundary and the level of 2328. A false breakdown resumed the rise and today the price reached 2354
Since the opening of the session, the price is heading again and testing the new global high formed on Monday. Based on the fundamental reasons and technical component at the moment the growth will continue.
It is worth emphasizing on 2354. The break of this level will form the continuation of growth to 2375 and further to 2400.
Resistance levels: 2354.
Support levels: 2328.4, 2342
Technically, a small correction or a pre-breakout flat may follow from 2354 before the subsequent growth towards 2400. Gold is rising purely as a Haj asset that finds its use in times of crisis.
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#XAUUSD 👑
New Signal⚠️
#GOLD Buy📈 at 2128.2
StopLoss❗️: 2124.11
Scalp trading:
Take Profit 1️⃣: at 2133.41
Standart trading:
Take Profit 2️⃣: at 2144.1
Swing trading:
Take Profit 3️⃣: at 2168.46
— — — — —
Be sure to use a stop loss❗️
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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
While I'm preparing my analysis for today, here's some interesting stuff:
Gold rises on expectations of Fed rate cuts starting 2p 2024 - BBG
earlier media reported that ahead of the election, Biden and Yellen are urging Powell to start cutting rates
some experts believe that the Fed will not be able to cut the rate at all this year due to the renewed rise in inflation
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Bitcoin nearly tested ATH, stopping at $68,700
May form a small consolidation before a spurt :)
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#GOLD Sell📉 at 2117
StopLoss❗️: 2120
Scalp trading:
Take Profit 1️⃣: at 2109
Standart trading:
Take Profit 2️⃣: at 2100
Swing trading:
Take Profit 3️⃣: at 2073