👑 Ideas For #XAUUSD / #GOLD
📈 False break of range support led to a rebound
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GOLD reaches the liquidity zone of 2370, forming a false breakdown, confirms the presence of a strong range boundary. The market may move into a sideways trend
Fundamentally, the situation is still complicated.
The U.S. regulators are trying to change the market's mind on the recession issue, trying to keep the market calm. The question of aggressive actions of regulators is still open.
At the moment everyone is watching the actions in the Middle East, as the activity on the background of the war already unleashed can again affect the price of gold.
Markets continue to estimate almost 90% probability of a 50 basis points cut in US interest rates in September. Let me remind you that it is not the fact of reduction that matters, but the hints and comments of regulators.
At this time, gold is forming a global range of 2480 - 2370.
Resistance levels: 2420
Support levels: 2400
Technically, gold may go into a consolidation phase, but in the future it is worth watching the resistance at 2420. As a pre-breakout consolidation or a quick retest may lead to a breakout attempt and growth
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@GOLD_KING_SUPPORT ✅️
New Signal⚠️
#GOLD Buy📈 at 2406.11
StopLoss❗️: 2402.36
Scalp trading:
Take Profit 1️⃣: at 2410.21
Standart trading:
Take Profit 2️⃣: at 2420.42
Swing trading:
Take Profit 3️⃣: at 2436.05
— — — — —
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 2396
StopLoss❗️: 2400
Scalp trading:
Take Profit 1️⃣: at 2392
Standart trading:
Take Profit 2️⃣: at 2380
Swing trading:
Take Profit 3️⃣: at 2369
#GOLD Sell📉 at 2404
StopLoss❗️: 2408
Scalp trading:
Take Profit 1️⃣: at 2400
Standart trading:
Take Profit 2️⃣: at 2390
Swing trading:
Take Profit 3️⃣: at 2380
#GOLD Sell📉 at 2391
StopLoss❗️: 2394
Scalp trading:
Take Profit 1️⃣: at 2386
Standart trading:
Take Profit 2️⃣: at 2378
Swing trading:
Take Profit 3️⃣: at 2360
#GOLD Sell📉 at 2391
StopLoss❗️: 2394
Scalp trading:
Take Profit 1️⃣: at 2386
Standart trading:
Take Profit 2️⃣: at 2378
Swing trading:
Take Profit 3️⃣: at 2360
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#GOLD Buy📈 at 2369
StopLoss❗️: 2365
Scalp trading:
Take Profit 1️⃣: at 2374
Standart trading:
Take Profit 2️⃣: at 2388
Swing trading:
Take Profit 3️⃣: at 2403
#GOLD Sell📉 at 2375
StopLoss❗️: 2379
Scalp trading:
Take Profit 1️⃣: at 2370
Standart trading:
Take Profit 2️⃣: at 2360
Swing trading:
Take Profit 3️⃣: at 2340
👑 Ideas For XAUUSD / GOLD
📈 GOLD → False break of bullish range support ↑
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GOLD is forming a false breakdown of the previously mentioned range - 2390 - 2400. The return to the buying zone is forming, buyers can push the price to 2450
A reversal swing pattern is forming in relation to the support, which is evidence of buyers' strength. The fundamental background is still unstable, there are many nuances from the Fed and the US presidential race, the geopolitical background in the Middle East and Eastern Europe is relatively stable. Today there is no news and in general we can bet on the work of technical analysis.
Technically, if the bulls hold the defense above 2400-2405, then in the medium term we should expect an upward movement towards local liquidity zones as well as towards the upper boundary of the range.
Resistance levels: 2405, 2412, 2420
Support levels: 2400, 2392
The market confirms the presence of the range, it is not excluded that the price may go down, but at the moment the situation looks like the bulls are actively defending the lower boundary of the range, which determines the short-term and medium-term prospects....
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