#GOLD Sell📉 at 2316
StopLoss❗️: 2320
Scalp trading:
Take Profit 1️⃣: at 2312
Standart trading:
Take Profit 2️⃣: at 2300
Swing trading:
Take Profit 3️⃣: at 2290
👑 Ideas For XAUUSD / GOLD
📈 GOLD → Trading inside the range. 2340 zone of interest
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GOLD is not preparing to leave the local ascending channel (the nature of the channel is corrective-consolidation), as traders do not seek premature action before the news
The U.S. market is facing another problem: slowing economic growth and rising inflation is leading to recession, no matter how much the authorities deny it. Accordingly, the phase of active currency support may continue and this may have a negative impact on the metal price. Today CB Consumer Confidence - the indicator can give some idea about the mood on the market, but in general traders are waiting for the US GDP, which will be published on Thursday. Neutral data is expected, but there is a high probability that the actual data will be different from the expected...
Resistance levels: 2341, 2354
Support levels: 2326, 2315, 2305
The general mood is neutral, the big players are not in a hurry to act and are consolidating. Technically, gold may strengthen to 2340 (area of interest and liquidity) within the range. The bulls may stop the micro rally and turn the price to the support, if the market maker is not enough, the price may strengthen to 2354 before coming back down
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#XAUUSD 👑
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👑 Ideas For XAUUSD / GOLD
📈 GOLD → Correction after the rally. Bears still dominate
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GOLD has been strengthening since the opening of the session, buyers are trying to hold the defense above 2325 and redeem part of Friday's fall. Fundamental background remains negative
The price consolidation above the strong support at 2326 opens the range for maneuvering and may allow traders to strengthen to 2341 (2354) - the area of interest, the target of such maneuvering may be the liquidity inside the range, formed within Friday's rally by those who tried to catch the departing train. If 2341 will be confirmed and the bears will not let the price go beyond its limits, the market may go into the sell-off phase again.
Investors this week are interested in GDP and PCE, which are released in the second half of the week, the first half of the trading week may be relatively quiet.
Resistance levels: 2341, 2354
Support levels: 2325, 2315, channel support
I expect the correction to continue to the area of liquidity and interest. A major player may gather the rest of the potential before further movement in one direction or the other. Watch the price reaction to the level of 2341, which may determine either a fall or further growth to 2354.
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#XAUUSD 👑
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Читать полностью…#GOLD Sell📉 at 2320
StopLoss❗️: 2324
Scalp trading:
Take Profit 1️⃣: at 2316
Standart trading:
Take Profit 2️⃣: at 2304
Swing trading:
Take Profit 3️⃣: at 2290
#GOLD Buy📈 at 2324
StopLoss❗️: 2320
Scalp trading:
Take Profit 1️⃣: at 2328
Standart trading:
Take Profit 2️⃣: at 2338
Swing trading:
Take Profit 3️⃣: at 2346
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