👑 Ideas For #XAUUSD / #GOLD
📈 What is the problem with a SYMMETRICAL TRIANGLE ► ?
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GOLD is still trading inside the flat 2420 - 2370 forming a symmetrical triangle. Traders continue to struggle for the area of 2400. News ahead..
I understand that you don't like it when there is no clear direction on the chart, but there are nuances here and in some cases you need to have both bullish and bearish scenarios. Let's break it down...
On D1 there is a rather encouraging situation indicating how the bulls continue to hold the support of the global trend.
The issue of aggressive easing of the US Fed policy is still relevant. Likewise, speculators are closely watching developments around Iran's attack on Israel. If it happens, it is likely to give additional impetus to the growth of gold prices. Meanwhile, Initial Jobless Claims of the USA may provide short-term potential for the markets.
Technically, gold is forming a symmetrical triangle on H1. The bearish pressure is still present in the market. Gold is not technical now, but depends on fundamental nuances.
#GOLD Sell📉 at 2398
StopLoss❗️: 2402
Scalp trading:
Take Profit 1️⃣: at 2394
Standart trading:
Take Profit 2️⃣: at 2382
Swing trading:
Take Profit 3️⃣: at 2360
#GOLD Buy📈 at 2396
StopLoss❗️: 2392
Scalp trading:
Take Profit 1️⃣: at 2400
Standart trading:
Take Profit 2️⃣: at 2408
Swing trading:
Take Profit 3️⃣: at 2423
#GOLD Sell📉 at 2395
StopLoss❗️: 2399
Scalp trading:
Take Profit 1️⃣: at 2390
Standart trading:
Take Profit 2️⃣: at 2382
Swing trading:
Take Profit 3️⃣: at 2360
👑 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 ✅️
Gold is in a range and the problem is that you don't know what to expect from this consolidation, as the format of this consolidation is "symmetrical triangle"
The exit can be in any direction.....
#GOLD Sell📉 at 2386
StopLoss❗️: 2390
Scalp trading:
Take Profit 1️⃣: at 2382
Standart trading:
Take Profit 2️⃣: at 2373
Swing trading:
Take Profit 3️⃣: at 2356
#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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