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#GOLD Buy📈 at 2402
StopLoss❗️: 2398
Scalp trading:
Take Profit 1️⃣: at 2406
Standart trading:
Take Profit 2️⃣: at 2416
Swing trading:
Take Profit 3️⃣: at 2423
👑 Ideas For XAUUSD / GOLD
📈 GOLD → The fight for 2365. Can we get to 2400?
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GOLD is testing 2350, gathering liquidity below this zone. Bulls are actively holding the defense above the key area and the overall picture looks promising.... BUT!
Powell's speech continues today ahead of CPI and PPI. Things are heating up, the slightest hint of an unpredictable outcome could shake the market.
Technically, gold is showing bullish dynamics after the bulls did not let the price go beyond 2350. The price is consolidating above the key level of 2365 and testing the area of interest and liquidity of 2375-2380. A breakout and consolidation of the price above this area may further strengthen the price, as the promising target, at the moment, is 2387 - 23400.
Resistance levelsGOLD → An intermediate bottom of 2350 is forming. What's next?: 2373, 2380
Support levels: 2365, 2355, 2350
A bounce to the downside before further growth is possible, but price consolidation above the key zones could form an interim bottom for the bulls. All emphasis on Powell's comments.....
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#GOLD Buy📈 at 2369
StopLoss❗️: 2365
Scalp trading:
Take Profit 1️⃣: at 2373
Standart trading:
Take Profit 2️⃣: at 2385
Swing trading:
Take Profit 3️⃣: at 2398
👑 Ideas For XAUUSD / GOLD
📈 GOLD → From rally to consolidation. Rest before NFP...
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GOLD strengthens on the back of Powell's comments. Light positive notes lead to DXY sell-off and a small rally of XAU to 2364. Today is a day off in the US and tomorrow is NFP.....
It's a day off in the US and there is no liquidity. There may be high volatility during trading, but the movements may be weak. Locally, the price is testing resistance and liquidity area. Within a strong distribution there are not many chances to break through the mentioned area. Most likely the formation of a correction, and local bearish patterns appear on the chart, which may lead to a correction in order to gather energy before tomorrow's NFP.
Resistance levels: 2364, 2375
Support levels: 2353, 2341
Technically, a false breakout after distribution is forming. There is no potential to go up now. High probability of correction or consolidation.
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#XAUUSD 👑
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New Signal⚠️
#GOLD Buy📈 at 2382.48
StopLoss❗️: 2378.44
Scalp trading:
Take Profit 1️⃣: at 2386.45
Standart trading:
Take Profit 2️⃣: at 2394.44
Swing trading:
Take Profit 3️⃣: at 2409.17
— — — — —
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
👑 Ideas For XAUUSD / GOLD
📈 GOLD → The fight for 2365. Can we get to 2400?
———————————————
GOLD is trading within an ascending channel, but traders are actively selling off all of Friday's growth. The key roll is played by the resistance 2365, at the moment bears are holding the market
The dollar stops falling amid expected comments from Powell, as well as CPI and PPI to be released on Thursday and Friday. The fundamental background is neutral at the moment, Against this background gold is getting under correction and testing the liquidity area of 2350.
Now all the focus is on 2365, relative to which a false breakout has been formed.
IF:
sellers will hold 2365 and will not let the price above this level, we should expect a decline to 2350, 2341 and further it is worth watching the situation, because in this case the price can reach 2325.
If the buyers continue to be active and can form a consolidation above 2365, it will open a channel, the upper boundary of which will be 2387 and we can go up to it.
Resistance levels: 2365, 2387
Support levels: 2358, 2350, 2341
Two scenarios, as the situation is complicated due to the unstable fundamental background and the struggle between the participants in the key zone that divides the plane into bearish and bullish.
I would prioritize a small bounce from 2365, resistance retest, breakout and bullish momentum to 2375-2385.
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#GOLD Buy📈 at 2373
StopLoss❗️: 2369
Scalp trading:
Take Profit 1️⃣: at 2378
Standart trading:
Take Profit 2️⃣: at 2385
Swing trading:
Take Profit 3️⃣: at 2398
#GOLD Buy📈 at 2373
StopLoss❗️: 2369
Scalp trading:
Take Profit 1️⃣: at 2377
Standart trading:
Take Profit 2️⃣: at 2385
Swing trading:
Take Profit 3️⃣: at 2398
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