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@GOLD_KING_SUPPORT ✅️
👑 Ideas For #XAUUSD / #GOLD
📈 Will the bears allow the bulls to go through ATH?
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GOLD is growing unpredictably towards ATH. The market did not react in any way to last week's US fundamental data and now the price is not reacting to strong levels and liquidity zones. Ahead of ATH after 3 weeks of forming...
Investors remain cautious as the US Fed is expected to follow a path of moderate interest rate cuts (skipping a cut in November, or a 0.25% cut)
The gold price is actively supported by the tense situation in the Chinese markets and lower US Treasury yields, which helps the gold price to take another leap towards the ATH.
Now all eyes will be on Thursday when China holds a press conference and the US retail sales report is released
Resistance Levels: 2680-2685
Support levels: 2665, 2658, 2645
Technically, I don't think that the market will let the resistance breakout happen the first time. The pullback from 2685, formed 3 weeks ago, was made on the back of strong economic data, so the huge pool of liquidity above 2685 can be defended quite aggressively by the bears.
Technically, there are no signs for the continuation of growth. They may appear after the retest, but it will become clear after the fact.
New Signal⚠️
#GOLD Buy-limit📈 at 2646.13
StopLoss❗️: 2641.98
Scalp trading:
Take Profit 1️⃣: at 2652.17
Standart trading:
Take Profit 2️⃣: at 2664.28
Swing trading:
Take Profit 3️⃣: at 2689.78
— — — — —
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
📈 The target is liquidity above 2670-2685. What's next?
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GOLD is consolidating in the local range of 2663 - 2636. There is a strong resistance and liquidity zone ahead. Bears may meet the market quite aggressively in the 2670 - 2685 zone.
The global rally is smoothly transitioning into a sideways fljt 2675 - 2604.
- Markets in China, which strongly supported gold after hints of fiscal stimulus is again facing challenges.
- Interest rates in the US should not be forgotten. The open question is “no interest rate cut” or “0.25% cut”. Will gold be able to stay bullish on the current flat under these circumstances?
- The dollar is rallying after last week's fundamental data and most likely the index's rise is not over... Fed policy makers are starting to change their mindset again and divide into 2 camps - aggressive / restrained.
- BUT! The conflict in the Middle East is cooling down from its limits. Based on the above mentioned, can we assume that the finger is hanging over the button “fix profit”????
Resistance levels: 2663, 2670, 2685
Support levels: 2645, 2636, 2623
Based on the general fundamental background, I do not yet understand the reasons that give such support to gold. There is a strong resistance zone ahead with huge liquidity. The price is in a sideways range and there are no preconditions to exit this channel yet. Most likely, the first retest of the levels (it has been 2 weeks since the last retest) may end in a reversal and correction
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Читать полностью…New Signal⚠️
#GOLD Buy-limit📈 at 2656
StopLoss❗️: 2652
Scalp trading:
Take Profit 1️⃣: at 2660
Standart trading:
Take Profit 2️⃣: at 2673
Swing trading:
Take Profit 3️⃣: at 2690
— — — — —
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
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👑 Ideas For #XAUUSD / #GOLD
📈 2685 breakout trigger. News ahead. A new conflict!
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GOLD stops correlating with the dollar. The price is testing the key resistance at 2685. Bulls continue to test this area and accumulate the potential for a breakout attempt. Important news on jobless claims and retail sales are ahead
China's economic problems have a negative impact on gold as the country is the world's top gold consumer. At the same time, markets are resorting to profit taking on long USD positions ahead of the release of the most important economic data - the US retail sales report.
BUT! Another escalation, but in another part of the world: North Korea has declared South Korea an enemy and completely cut off transportation links with it. The markets are clearly not going to let this fact pass their ears...
Technically, the buyers do not retreat from their intentions and continue to test the resistance with a breakdown target. A pre-breakdown consolidation and several possible scenarios are forming, no matter how many people don't like it.
Resistance levels: 2685
Support levels: 2674.5, 2665, 2658
A breakdown of resistance will trigger an impulse, and this is a logical scenario based on the technical situation on H1 (ascending triangle, accumulation and compression to the level).
BUT! The news can have an unpredictable impact. If gold forms a false breakout and goes back to 2674, having updated this low, the price may go even lower (to 2665, 2658), for liquidity, before returning to the way north
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Читать полностью…👑 Ideas For #XAUUSD / #GOLD
📈 Will the rally end with a FB? 2670 - liquidity...
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GOLD is growing together with the dollar, the correlation cooled down after the change of fundamental background. The range of 2670 - 2600 is being formed. The metal is rallying to resistance for liquidity
Geopolitical issues. High tensions in the Middle East as well as rising tensions in East Asia between China and Taiwan are worrying investors looking for safe havens.
Last week showed not so good economic data for gold. The dollar rose very strongly during that time. But gold gold traders were most likely paying attention to the dovish remarks by Fed policymakers about lowering interest rates....
Technically gold is in a sideways range and is testing liquidity above 2660. The bears are likely to give a not so warm welcome...
Resistance levels: 2663, 2670, 2685
Support levels: 2650, 2637, 2623
Strong movement from the bottom of the range reaches its upper boundary. Technically, the price has no potential to break through the strong range resistance. A false breakout is possible, the purpose of which may be to capture liquidity, followed by a decline. The situation may be broken by unexpected geopolitical or economic news, but at the moment there is no such news
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