👑 Ideas For #XAUUSD / #GOLD
📈 Change of Mood (local). Correction phase
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GOLD is breaking the structure of the ascending channel amid the counter-trend correction of the dollar (fundamental reasons). Price closes in the range of 2526 - 2477, what could this mean?
On D1, the market is bullish both locally and globally. But, fundamentally and geopolitically the situation is slightly changing, which favorably affects the dollar exchange rate, against which gold goes into a local phase of correction. There is low liquidity in the market today due to the closed US market.
On H1, the focus is on the resistance 2505 - 2510, sma. False breakdown and price consolidation below these zones will confirm the absence of bullish potential, which may lead to price correction towards the lower boundary of the key range.
Support levels: 2483 (D1), 2493, 2477
Resistance levels: 2505, 2510, sma
The focus is on the global range 2526 - 2477, the price continues to trade inside and does not hint at a possible exit from this channel, accordingly, it is best to use the inturidian trading strategy. The main target is liquidity below the key support zones
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Читать полностью…#GOLD Buy📈 at 2516
StopLoss❗️: 2512
Scalp trading:
Take Profit 1️⃣: at 2520
Standart trading:
Take Profit 2️⃣: at 2536
Swing trading:
Take Profit 3️⃣: at 2553
#GOLD Buy📈 at 2519
StopLoss❗️: 2515
Scalp trading:
Take Profit 1️⃣: at 2523
Standart trading:
Take Profit 2️⃣: at 2536
Swing trading:
Take Profit 3️⃣: at 2553
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👑 Ideas For #XAUUSD / #GOLD
📈 Consolidation in a bull market. Will we reach 2550?
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GOLD is moving into a consolidation phase amid a strong bullish trend as buyers are waiting for catalysts for a new upswing. Buyers are still serious, and Central Banks of major economies continue to actively buy the metal
Fears of a wider Middle East conflict, have eased, at the same time the US Dollar paused its overnight recovery. The corresponding reaction - flat, we observe on the chart of gold.
Further price direction appears to be northward, as it remains supported by the Fed's dovish sentiment on monetary policy and looming geopolitical risks in the Middle East. In addition, hopes of improved physical gold demand from India and China are likely to limit the decline in the gold price.
Resistance levels: 2517, 2531
Support levels: 2501, 2493, 2477
Technically, since the price is in a range and tested the resistance area earlier, the MM has a liquidity target at the bottom. Consequently, gold may test support (false breakdown) before heading towards resistance again. Emphasis on the channel boundary, 2501, 2493, 2477.
#GOLD Sell📉 at 2500
StopLoss❗️: 2504
Scalp trading:
Take Profit 1️⃣: at 2495
Standart trading:
Take Profit 2️⃣: at 2486
Swing trading:
Take Profit 3️⃣: at 2468
#GOLD Sell📉 at 2499
StopLoss❗️: 2503
Scalp trading:
Take Profit 1️⃣: at 2495
Standart trading:
Take Profit 2️⃣: at 2486
Swing trading:
Take Profit 3️⃣: at 2468
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#GOLD Buy📈 at 2506
StopLoss❗️: 2502
Scalp trading:
Take Profit 1️⃣: at 2510
Standart trading:
Take Profit 2️⃣: at 2520
Swing trading:
Take Profit 3️⃣: at 2538
👑 Ideas For #XAUUSD / #GOLD
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GOLD is once again testing the resistance of the 2531 range, but is not able to overcome it yet. At the same time the dollar is forming a flat in anticipation of important news...
“Dovish” expectations of the Fed and persistent geopolitical tensions in the Middle East will continue to support the price of gold. The Israeli army mobilized thousands of soldiers from special units in preparation for a major operation in the northern West Bank.
Despite the bullish sentiment around the gold price, the upcoming Fedspeak could have an impact on the markets.
Technically, the market is in a strong bullish trend, another range is forming and price is confirming its boundaries. Focus on trend support and SMA-200 on H1. If trend support fails to hold the price, gold may reach the lower end of the range, after which it will continue to rise.
Resistance levels: 2517, 2531
Support levels: MA-200, trend, 2501, 2493
As long as the gold is within the ascending channel, we should consider long positions against the support. But if MM decides to lower the price, we should wait for correction to liquidity zones and count on growth from 2486, 2477.