👑 Ideas For #XAUUSD / #GOLD
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GOLD after a small correction from 2510, mainly related to profit-taking, continues to recover and reaches another psychological level of 2525
Fears of escalation in the Middle East eased after a report that Netanyahu accepted Washington's offer to overcome differences blocking a cease-fire agreement in Gaza. But the pressure on the dollar from the bears has a favorable effect on gold (the reason is the dovish stance of the Fed, as well as a possible soon interest rate cut, which makes the dollar less attractive)
Traders await the minutes of the July Fed meeting and Chairman Jerome Powell's speech at Jackson Hole on Friday for clues on the interest rate outlook
Resistance levels: 2525
Support levels: 2510, 2495
Technically, it is worth paying attention to the price behavior at key levels, as well as intraday trend reversal points (the beginning of the pullback) on H1-H4. The bullish trend continues to dominate. From 2525 may be followed by a small pullback before the continuation of growth.
New Signal⚠️
#GOLD Buy📈 at 2493.13
StopLoss❗️: 2489.09
Scalp trading:
Take Profit 1️⃣: at 2498.05
Standart trading:
Take Profit 2️⃣: at 2508.1
Swing trading:
Take Profit 3️⃣: at 2523.28
— — — — —
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
📈 Attempting to recover inside a new range
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GOLD declines after the CPI report to the local liquidity zone of 2440, forming a new trading range. But, buyers come back and try to hold the psychological zone of 2450 again
The bullish trend persists, gold is trading within the “Symmetrical Triangle” consolidation pattern
Traders await US retail sales data for fresh signals on Fed policy. Although the annual inflation rate in the US slowed down for the fourth consecutive month to 2.9%, but these CPI figures have raised fears that the US Fed will decide to cut interest rate heavily next month.
A weak US retail sales report could revive recession fears....
Technically, we should focus on the local levels inside the range of 2440 - 2477.
Resistance levels: 2458, 2467, 2477
Support levels: 2440, 2431, 2320
Technically buyers are trying to keep the price from falling, but all the emphasis is on the news, favorable fundamental data can provide strong support for gold, which can use the energy for another retest of 2477, but an unpredictable report can intensify the sell-off and bring the price to 2425.
👑 Ideas For #XAUUSD / #GOLD
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GOLD is defending the psychological level and support zone at 2450 and testing key resistance at 2477 for a breakout, ahead of 2483. All eyes are on key US CPI inflation data
Traders are still expecting a softer CPI report after a larger than expected decline in PPI data released yesterday. A softer CPI figure may confirm forecasts of an aggressive Fed rate cut, which will intensify the USD sell-off. This situation may trigger a northward movement in gold (strengthening the price)
In addition, the price of gold continues to find support in the geopolitical tensions in the Middle East, the situation is still heated to the limit.
Technically, the price continues to head towards 2477-2483. Retests of resistance for a breakout of the level continue.
Resistance levels: 2477, 2483, 2500
Support levels: 2458, 2450
On high news volatility, the price may form a quick breakout and rally or long-squeeze before rising further. BUT, unpredictable news may break the market structure, in which case the price may head beyond 2450.
New Signal⚠️
#GOLD Sell📉 at 2453.81
StopLoss❗️: 2457.82
Scalp trading:
Take Profit 1️⃣: at 2449.74
Standart trading:
Take Profit 2️⃣: at 2439.76
Swing trading:
Take Profit 3️⃣: at 2419.76
— — — — —
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 Buy📈 at 2442
StopLoss❗️: 2438
Scalp trading:
Take Profit 1️⃣: at 2446
Standart trading:
Take Profit 2️⃣: at 2456
Swing trading:
Take Profit 3️⃣: at 2469
I am privileged to be a part of this great movement. As I identify with this noble company, it goes from glory to glory, bravo to you.
Читать полностью…#GOLD Buy📈 at 2453
StopLoss❗️: 2449
Scalp trading:
Take Profit 1️⃣: at 2458
Standart trading:
Take Profit 2️⃣: at 2466
Swing trading:
Take Profit 3️⃣: at 2480
#GOLD Buy📈 at 2472
StopLoss❗️: 2468
Scalp trading:
Take Profit 1️⃣: at 2476
Standart trading:
Take Profit 2️⃣: at 2486
Swing trading:
Take Profit 3️⃣: at 2508
New Signal⚠️
#GOLD Buy📈 at 2462.31
StopLoss❗️: 2458.36
Scalp trading:
Take Profit 1️⃣: at 2466.09
Standart trading:
Take Profit 2️⃣: at 2478.5
Swing trading:
Take Profit 3️⃣: at 2490.13
— — — — —
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 Buy📈 at 2462
StopLoss❗️: 2458
Scalp trading:
Take Profit 1️⃣: at 2466
Standart trading:
Take Profit 2️⃣: at 2478
Swing trading:
Take Profit 3️⃣: at 2490
World CBs bought a record 483 tons of gold in 1H 2024 (+5% YoY) - WGC
Global CBs sell dollar and yuan and buy gold - Nikkei
I want to invest again from the profits I received but this time I will invest big
Читать полностью…