👑 Ideas For #XAUUSD / #GOLD
📈 Aggressive buyers... Ahead of PPI
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GOLD is testing 2500 on the background of CPI data. Bulls actively continue to hold a strong support zone. An ascending triangle is being formed, the target of which is to break the resistance and rise
After the release of CPI data in the US, the focus shifts to PPI and jobless claims data, which will give a new impetus to trading.
The CPI data has slightly cooled the increased bets on an excessive interest rate cut by the Fed next week. Despite the pullback, the gold price managed to defend a critical short-term support level around 2500 - 2505, keeping it in a three-week consolidated range.
Technically, the focus is on the SMAs, which are actively supporting the market, as well as the liquidity area of 2510, 2500, which the market may test once again on news before heading upwards.
Resistance levels: 2530
Support levels: SMA, 2510, 2500
The news may shake the market once again. Strong news may motivate the market to break resistance, but surprising PPI and Initial Jobless Claims data may trigger another sell-off attempt (to liquidity zones) before the price continues its rise. The market continues to focus on testing 2530
#GOLD Sell📉 at 2506
StopLoss❗️: 2510
Scalp trading:
Take Profit 1️⃣: at 2500
Standart trading:
Take Profit 2️⃣: at 2490
Swing trading:
Take Profit 3️⃣: at 2468
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#GOLD Buy📈 at 2504
StopLoss❗️: 2500
Scalp trading:
Take Profit 1️⃣: at 2508
Standart trading:
Take Profit 2️⃣: at 2518
Swing trading:
Take Profit 3️⃣: at 2536
👑 Ideas For #XAUUSD / #GOLD
📈 Area of Interest 2475. What's next? 2450 or 2500?
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GOLD is shedding downward on the background of unexpected NFP, which was published on Friday. The dollar is rising, which is generally negative for the metal. But, globally, gold is still strongly bullish...
The first half of the week should be extremely quiet, as important news will not start to arrive until Wednesday. Traders are waiting for CPI, PPI, as well as the Fed meeting scheduled for September 18, where they are expected to make a decision on interest rate cuts. A rate cut makes currencies cheaper, which only increases the interest in gold.
Technically, the price of gold can't consolidate above 2500 and is trading below the critical level of 2494, indicating buyer weakness, which goes into the accumulation or waiting phase....
Resistance levels: 2493, 2500
Support levels: 2485, 2475, 2450
Technically, it is worth considering a decline and a retest of 2475, as after the upward rally from below there is a huge pool of liquidity that attracts the market. Further, further scenario will depend on the market reaction to the range support: False breakdown may give a chance for growth to 2500, and breakdown and consolidation below 2475 may provoke longsqueeze to 2450
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The dollar starts the trading session with a northward movement, the reason for this is the fundamental background formed on Thursday / Friday. (It is most likely a manipulated background, but no matter)
There is resistance ahead, overall the market has the potential to overcome it and strengthen to 102.0.
This is a negative background for the market (dollar growth), but, in many instruments a global flat range has been formed and most likely, until September 18, when the issue of Fed interest rates will be decided, the market may trade in a neutral direction
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Читать полностью…#GOLD Buy📈 at 2518
StopLoss❗️: 2514
Scalp trading:
Take Profit 1️⃣: at 2522
Standart trading:
Take Profit 2️⃣: at 2532
Swing trading:
Take Profit 3️⃣: at 2548
#GOLD Buy📈 at 2516
StopLoss❗️: 2512
Scalp trading:
Take Profit 1️⃣: at 2520
Standart trading:
Take Profit 2️⃣: at 2530
Swing trading:
Take Profit 3️⃣: at 2548
👑 Ideas For #XAUUSD / #GOLD
📈 CPI ahead. High risks to renew ATH, but...
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GOLD is testing 2530 and risks a new high as each new retest increases the chances of a resistance breakout. Ahead of CPI, inflation data could set the medium-term tone for markets...
Traders are waiting for US inflation data that could confirm the size of the Fed's interest rate cut next week.
An uptick in CPI figures could trigger a rise in the dollar at the expense of gold prices (capital outflows), negating expectations of an excessive Fed rate cut.
Conversely, softer CPI data could revive bets for a 50 basis point Fed rate cut, collapsing the dollar and pushing the gold price to new lifetime highs. The 2530 area is very active in keeping the market from rising, accordingly, the accumulation of orders above 2530, if the resistance is broken, could activate a rally....
Resistance levels: 2530
Support levels: 2514, 2512, 2506
The price return to the resistance area will confirm the readiness to test 2530 for a breakout. If the bulls manage to pass this zone, we should count on growth, but the bears are holding this area quite aggressively. There is also a high probability to catch a short-squeeze and further decline to 2506-2500
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Читать полностью…#GOLD Buy📈 at 2498
StopLoss❗️: 2494
Scalp trading:
Take Profit 1️⃣: at 2503
Standart trading:
Take Profit 2️⃣: at 2516
Swing trading:
Take Profit 3️⃣: at 2536
#GOLD Sell📉 at 2492
StopLoss❗️: 2496
Scalp trading:
Take Profit 1️⃣: at 2488
Standart trading:
Take Profit 2️⃣: at 2480
Swing trading:
Take Profit 3️⃣: at 2466
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Читать полностью…Sir I received my profit successful and transfer to my binance thanks may God continue blessing you and your team I can't believe what my eyes seeing 😘
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