👑 Ideas For XAUUSD / GOLD
📈 GOLD → How might consolidation end? Up or down?
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GOLD is in the consolidation stage. The morning session was extremely quiet amid the absence of Japan in trading, as well as after Saturday's news. Traders are waiting for Powell's speech at 16:30 GMT
The market was expecting that Trump's assassination attempt in Pennsylvania could have a strong impact on gold as a hedge asset, but the market did not react much, except for cryptocurrencies.
The dollar still looks bearish, if Powell does not change his stance from last week, the dollar index could break support and go down, for gold this would be a favorable scenario.
Since the price is in a range, we can consider 2 scenarios at this point:
1) If the bulls keep the price above 2407, they may break the local resistance and test the upper boundary of the range with a breakout target
2) Against the backdrop of the dollar pullback, gold may come down to the liquidity zone before a subsequent move up.
Support levels: 2407, 2401, 2392
Resistance levels: 2413, 2417, 2424
Fundamentally and technically the background is favorable, gold is quite capable of testing the ATH or even renewing it, but it is worth paying attention to Powell's speech....
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#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
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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
👑 Ideas For XAUUSD / GOLD
📈 GOLD → The fight for 2365. Can we get to 2400?
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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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Читать полностью…#GOLD Buy📈 at 2410
StopLoss❗️: 2406
Scalp trading:
Take Profit 1️⃣: at 2414
Standart trading:
Take Profit 2️⃣: at 2424
Swing trading:
Take Profit 3️⃣: at 2438
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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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