#GOLD Buy📈 at 2658
StopLoss❗️: 2654
Scalp trading:
Take Profit 1️⃣: at 2662
Standart trading:
Take Profit 2️⃣: at 2672
Swing trading:
Take Profit 3️⃣: at 2688
👑 Ideas For #XAUUSD / #GOLD
📈 ATH retest. But there's news ahead! What to expect next?
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GOLD is forming a sideways range of 2670 - 2650. The metal is still supported by bulls and the general fundamental background. There are important news ahead, which may strengthen the growth or provoke a correction...
Gold is still on a bullish outlook, with the Fed's dovishness and optimism about China's economic stimulus re-emerging early on Thursday, which had a corresponding effect on gold, which strengthened from 2655 to ATH. We should not forget about the problems in the Middle East, which also affect the price of gold.
The fate of the metal depends on the upcoming Fed comments, as traders refrain from further bets amid extremely overbought conditions on the daily chart. Recent Fed statements coupled with weak consumer confidence and regional activity data from the US Conference Board (CB) have raised the stakes for another sharp Fed rate cut at the next meeting.
Resistance levels: 2670, 2675
Support levels: 2664, 2655, 2650
Emphasis on consolidation boundaries. If the bulls break the resistance and can keep prices above these boundaries, gold could make a new high and head towards 2700. But, unpredictable economic data may close gold in a range or trigger a profit-taking and correction towards 2650-2635.
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#GOLD Buy📈 at 2628
StopLoss❗️: 2624
Scalp trading:
Take Profit 1️⃣: at 2633
Standart trading:
Take Profit 2️⃣: at 2645
Swing trading:
Take Profit 3️⃣: at 2658
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👑 Ideas For #XAUUSD / #GOLD
📈 Testing the highs. News ahead. What's next?
———————————————
GOLD is getting shaken on the background of dollar growth on Monday. A false breakdown is forming relative to last week's high. The trend is bullish, but before the strong news there may be a minute of panic…
Yields on 10-year U.S. Treasury bonds are rising on the back of falling interest rates, boosting the U.S. dollar. This is an unpredictable scenario, because something is not going the way everyone was expecting. Further movement depends on the Euro and US PMI data. If the PMI will again cause fears of recession in the world, the recovery of the US dollar, will change the local structure of the markets, which will cause a new correction in the price of gold from record highs. Also the focus on the escalation of geopolitical tensions in the Middle East...
Resistance levels: 2625, 2631, 2650
Support levels: 2614, 2602, 2589
Technically, a correction may follow from 2625 as locally there are preconditions for panic on the background of approaching news. Traders may resort to profit taking, which will contribute to the correction. BUT, if gold continues its active recovery, a break of 2631 will open the potential for a rise to 2640-2650
#GOLD Sell📉 at 2616
StopLoss❗️: 2620
Scalp trading:
Take Profit 1️⃣: at 2612
Standart trading:
Take Profit 2️⃣: at 2602
Swing trading:
Take Profit 3️⃣: at 2580
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Читать полностью…#GOLD Buy📈 at 2616
StopLoss❗️: 2612
Scalp trading:
Take Profit 1️⃣: at 2622
Standart trading:
Take Profit 2️⃣: at 2638
Swing trading:
Take Profit 3️⃣: at 2653
#GOLD Sell📉 at 2652
StopLoss❗️: 2656
Scalp trading:
Take Profit 1️⃣: at 2648
Standart trading:
Take Profit 2️⃣: at 2635
Swing trading:
Take Profit 3️⃣: at 2620
#GOLD Buy📈 at 2632
StopLoss❗️: 2628
Scalp trading:
Take Profit 1️⃣: at 2636
Standart trading:
Take Profit 2️⃣: at 2648
Swing trading:
Take Profit 3️⃣: at 2660
#GOLD Buy📈 at 2678
StopLoss❗️: 2674
Scalp trading:
Take Profit 1️⃣: at 2683
Standart trading:
Take Profit 2️⃣: at 2693
Swing trading:
Take Profit 3️⃣: at 2709
👑 Ideas For #XAUUSD / #GOLD
📈 The safe asset continues to be bullrun ↑
———————————————
GOLD updates highs to 2670. The strongest rally in recent times. Support of Chinese markets, escalation of the conflict in the Middle East increases the interest in the metal from the buyers...
Traders are waiting for tomorrow's news: Durable Goods Orders, GDP, Initial Jobless Claims & FED Chair Powell Speaks. People are waiting for the US GDP figures and Powell's comments. If there are contradictory hints about the US economy, the market may panic, profit-taking and correction, but with the escalation of the conflict in the Middle East, as well as a slight revival of the Chinese markets, the gold continues to feel support.
Technically, the price can continue to rise for a long time, but you have to be careful (I already said about the lack of any history on the chart). A correction to 0.5-0.7 Fibo is possible, which may be followed by a pullback and continuation of growth.
Resistance levels: 2664, 2675
Support levels: 2649, 2646, 2637, 2734
At the moment it is necessary to be very careful. This morning the deepest correction in the last 5 days was formed, if the market starts to panic and the price goes deeper to the support, in that case the price may reach 2635-2625-2615 before further upside. If the bulls hold 0.5 fibo, then we should consider a rise to 2664-2675.
👑 Ideas For #XAUUSD / #GOLD
📈 The safe asset continues to be bullrun ↑
———————————————
GOLD does not react properly to the growth of the dollar. The metal continues to renew highs and seeks upward. There is no resistance ahead and the geopolitical backdrop is blowing a favorable wind..
Gold is holding near an all-time high as buyers refuse to give up amid recent Fed comments, China's stimulus (China's Central Bank today announced an unprecedented blitz of support for the economy) and escalating geopolitical tensions in the Middle East.
- China is the world's top consumer of the yellow metal
- The gold price tends to benefit from geopolitical tensions due to its traditional safe-haven status.
- Also, the Fed will continue to hint at another 0.5% rate cut
Resistance levels: 2634, 2640
Support levels: 2623, 2614, 2602
The general background hints at an active continuation of the growth. If gold will consolidate above the maximum of the previous day, then in the mid (short) term we should consider the continuation of growth to 2650-2660-2675. It is not excluded that there may be a correction before further growth due to the approaching important news...
#GOLD Buy📈 at 2630
StopLoss❗️: 2626
Scalp trading:
Take Profit 1️⃣: at 2635
Standart trading:
Take Profit 2️⃣: at 2645
Swing trading:
Take Profit 3️⃣: at 2658
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