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Читать полностью…#GoodMorning Traders!!
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Читать полностью…New Signal⚠️
#GOLD Sell📉 at 2755.95
StopLoss❗️: 2759.54
Scalp trading:
Take Profit 1️⃣: at 2751.61
Standart trading:
Take Profit 2️⃣: at 2739.83
Swing trading:
Take Profit 3️⃣: at 2719.5
— — — — —
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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Читать полностью…👑 Ideas For #XAUUSD / #GOLD
📈 The calm before the storm. News ahead...
———————————————
GOLD is at a strong resistance of 2790. Traders are getting nervous before the news. Risks as well as the price are rising. PCE, Initial Jobless Claims, Chicago PMI are ahead
Traders have taken a wait-and-see stance ahead of the news. PCE along with NFP on Friday should give an insight into the Fed's interest rate outlook. Against the backdrop of a steady US labor market, a 0.25% cut is the most likely scenario. The metal is holding back any fall that could be seen as a correction due to election uncertainty. There is not much time left. As well as news from China and the escalated conflict in the Middle East.
Technically gold is in a range, the chart indicates stronger levels and liquidity zones. The most probable scenario is a retest of one of the support zones and further growth after liquidity capture. Targets in such a case could be 2789-2800.
Support levels: 2771, 2758, 2745
Resistance levels: 2789, 2800
It is not excluded that there may be a strong shakeout on the background of the news. Market behavior at the moment will depend on the actual data. The reaction may be extremely aggressive.
New Signal⚠️
#GOLD Sell📉 at 2781.94
StopLoss❗️: 2785.86
Scalp trading:
Take Profit 1️⃣: at 2777.94
Standart trading:
Take Profit 2️⃣: at 2767.52
Swing trading:
Take Profit 3️⃣: at 2749.53
— — — — —
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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Читать полностью…👑 Ideas For #XAUUSD / #GOLD
📈 The SMAs are hinting that it's about time ... News!
———————————————
GOLD is forming a phase of correction, the reason for which is the change of fundamental background. The pressure from sellers is increasing, and the market is forming a key support at this time...
Disappointing NFP data was offset by hot wage inflation data. The U.S. labor market report failed to deter dollar buyers as it had limited impact on market pricing in Fed meeting expectations. Which had a negative impact on the price of gold...
All eyes are now on the US presidential election on November 5, and the outcome of the Fed meeting on Thursday. Markets believe that Trump's policy will put upward pressure on inflation, bond yields and the dollar, while if Harris wins, the dovish policy will continue.
Technically, traders are taking a wait-and-see approach. The price is forming a range, and most likely gold will trade inside this channel in the near term
Resistance levels: 2745, 0.5 and 0.7 Fibo, 2758
Support levels: 2731, 2724, 2713
SMAs are tending towards each other, which could be a mixed reaction from traders. Markets are prioritizing a Republican victory, in fact, this could intensify gold's correction. But the denouement of the presidential race is tomorrow! For now, the focus is on the flat boundaries!
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Thanks for understanding🥰🥰👍.
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Читать полностью…👑 Ideas For #XAUUSD / #GOLD
📈 Risks are rising and so is the price. News ahead!
———————————————
GOLD updates ATH to 2790. This is probably not the limit, but the risks, like the price, are rising ahead of strong news and the US election race
Gold feels support for several reasons: stopping the rally in DXY (profit taking is possible), positive hints about the Chinese economy, escalating conflict in the Middle East. The dollar stops the rally and forms consolidation for the last few days, which is generally favorable for gold.
The metal is updating the highs and in the current conditions trading is quite simple: we trade either a breakdown of resistance in order to continue the movement, or search for strong support zones, where we can trade price pullbacks.
Today the Nonfarms from ADP, US GDP will be released. This is worth paying attention to. Weaker data can greatly increase volatility and provoke the continuation of metal growth. And vice versa.
Resistance levels: 2789, 2800
Support levels: 2777, 2771, 2758
Gold is in a local correction. Emphasis on strong support zones with the purpose of rebound and continuation of growth. But, we need to watch the news, there may be shake-ups, but the general background for gold is expected to remain favorable.