👑 Ideas For #XAUUSD / #GOLD
📈 Are the buyers back? What's going on?
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GOLD is getting stronger after a false breakdown of support. The fundamental background also contributes to it. The focus is on resistance 2589 and 2618, which divide the market into two zones
The attention of the markets is shifting to the escalation of the conflict in Ukraine. Biden (or those above him) decided to escalate an already tense situation with his authorization of long-range missiles before leaving office. (A rather bizarre maneuver that generally characterizes Democrats as advocates of war, not peace). Gold has been reacting accordingly since the opening session. China is trying to strengthen its economy, and the dollar's consolidation after the rally gives gold fans a chance.
Technically gold is in the range of 2604 - 2546. Since the opening of the session, the price has been rallying quite strongly, which increases the chances of resistance to stop this rise
Resistance levels: 2589, 2604, 2618
Support levels: 2559, 2546, 2531
The situation is complicated due to the mixed fundamental background. False breakdown of 2589 and consolidation below this zone will strengthen the sales. But, there is a probability of retest of 2618 (liquidity zone). Similarly, a false breakout will trigger selling.
But if the fundamental situation will strengthen in the direction of gold, the market will have a chance to change the local trend from 2618
👑 Ideas For #XAUUSD / #GOLD
📈 How long will the correction last? Emphasis on 2590
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GOLD after a false breakdown of 2546 forms a pullback and tests 2577. It is quite adequate reaction after such a strong fall. The fundamental background is still negative, and the dollar is accelerating its growth
Ambiguous economic data from China increased economic concerns. Uncertainty about future interest rate cuts by the US Federal Reserve also continues to weigh on the markets, especially after Powell said that there is no need to rush to cut rates as the economy is still growing, the labor market is robust and inflation is still above the 2% target.
Now all eyes are on the all-important retail sales report....
Technically, it is worth paying attention to 0.5-0.7 fibo and resistance at 2589. A false breakdown and consolidation below these areas may trigger a fall.
Resistance levels: 2577, 2589, 2594.
Support levels: 2546, 2531, 2500
At the moment, gold is hinting that the pullback up may be a bit prolonged. Most likely MM will go for liquidity (above these levels) before the news. False breakout may provoke bears to activity, which will only strengthen the sales.
But, a rebound from 0.5 fibo and a smooth return to 2546 will increase the chances of a breakdown and fall.
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𝙒𝙚 𝙨𝙩𝙖𝙧𝙩 𝙣𝙚𝙬 𝙙𝙖𝙮 𝙬𝙞𝙩𝙝 𝙩𝙝𝙚 𝙣𝙖𝙢𝙚 𝘼𝙡𝙡𝙖𝙝. 𝙄 𝙝𝙤𝙥𝙚 𝙪 𝙖𝙡𝙡 𝙬𝙞𝙡𝙡 𝙗𝙚 𝙛𝙞𝙣𝙚.𝘼𝙡𝙡𝙖𝙝 𝙜𝙞𝙫𝙚𝙨 𝙪𝙨 𝙢𝙤𝙧𝙚 𝙖𝙣𝙙 𝙢𝙤𝙧𝙚 𝙨𝙪𝙘𝙘𝙚𝙨𝙨 𝙄𝙣𝙨𝙝𝙖 𝘼𝙡𝙡𝙖𝙝❤️❤️❤️
👑 Ideas For #XAUUSD / #GOLD
📈 A change in structure and a change in trend. CPI ahead!
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GOLD is turning around. The daily session closes below 2604 and the breakdown of the global structure confirms the bearish nature of the market. The fight for the key 2600 zone continues...
Trump's tough policies could slow the Fed's easing cycle, the dollar would then continue to strengthen at the expense of gold... There is another Fed rate meeting in December and obviously the question is: either 0.25% or hold.
All eyes are on the CPI, the data will determine whether the Fed will continue its rate cut trajectory after December.
A downside surprise in CPI could reinforce dovish expectations for the Fed. Conversely, a stronger inflation report could trigger a change in the regulator's stance. Any reaction to the news could be short-lived as attention immediately shifts to Thursday, PPI and Powell's...
Resistance levels: 2616, 2626, 2637
❗️ Key level: 2604
Support levels: 2590, 2569
The fight for 2604 continues, if the bears can keep the defense below this zone, we should expect a fall. But, there is a high probability of correction on the background of news volatility and retest of resistance 2626-2637 before the further fall
New Signal⚠️
#GOLD Buy📈 at 2610.06
StopLoss❗️: 2606.12
Scalp trading:
Take Profit 1️⃣: at 2614.38
Standart trading:
Take Profit 2️⃣: at 2623.26
Swing trading:
Take Profit 3️⃣: at 2638.36
— — — — —
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 bearish rally is intensifying. Next, 2500-2400?
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GOLD accelerates its fall and updates the low, testing the zone below 2600. Panic? Profit-taking? Are buyers turning around? CPI and PPI ahead, is there still hope?
Chinese authorities have played a negative role this time with their weak support for markets (traders are wary of potential trade tariffs that Trump may impose), which is generally reflected in the gold price in part.
Theoretically, any attempts to rise in gold may be limited, due to the rise of the dollar, which is feeling support from the market amid the excitement of Trump and fading expectations of future Fed rate cuts.
Ahead is the consumer price index, which could have an impact on the Fed's future rate path and the US dollar.
Technically, gold is trying to break out of a key range breaking support. If a false break of 2604 is formed, a small correction to resistance may form.
Resistance levels: 2626, 2637
Support levels: 2604, 2569, 2546
If the bears keep the price below 2605-2600, the decline may intensify, but since the price is testing strong support, a false breakdown and a correction may be formed as a primary reaction, for example to 2626-2637 (0.5 fibo) before a further decline.
Briefly on #GOLD / #XAUUSD:
Closing of the trading session on Friday and the whole weekly session can be considered as promising with the aim of continuing further decline. But for this purpose the base of preconditions or signals should be formed.
Accordingly, I do not exclude the fact that the price may head up and test local resistance levels, for example: 2577 (strong level), 2589 or 2594.
But, more important support zone is: 2553, 2546. If gold in the coming week without updating the highs will continue a smooth decline and retest of support, the chances of breakdown and further decline will increase.
As the nearest targets we can consider 2531, 2500, 2470
New Signal⚠️
#GOLD Buy📈 at 2565.42
StopLoss❗️: 2561.12
Scalp trading:
Take Profit 1️⃣: at 2569.16
Standart trading:
Take Profit 2️⃣: at 2585.49
Swing trading:
Take Profit 3️⃣: at 2600.3
— — — — —
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
#GOLD Buy📈 at 2544
StopLoss❗️: 2540
Scalp trading:
Take Profit 1️⃣: at 2548
Standart trading:
Take Profit 2️⃣: at 2560
Swing trading:
Take Profit 3️⃣: at 2580
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Читать полностью…New Signal⚠️
#GOLD Buy📈 at 2600.4
StopLoss❗️: 2596.28
Scalp trading:
Take Profit 1️⃣: at 2606.43
Standart trading:
Take Profit 2️⃣: at 2622.22
Swing trading:
Take Profit 3️⃣: at 2638.38
— — — — —
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
#GOLD Buy📈 at 2612
StopLoss❗️: 2608
Scalp trading:
Take Profit 1️⃣: at 2616
Standart trading:
Take Profit 2️⃣: at 2626
Swing trading:
Take Profit 3️⃣: at 2643
The US dollar rallied broadly in forex on Monday and continues to maintain its dominance. The post-election rally in the US dollar continues. The impact will be long ...
What does this mean for the US dollar? Trump intends to pave the way for economic growth, jobs and... well... revenue and profits. The president-elect plans to cut taxes so local businesses pay less on income, and raise tariffs so foreign businesses pay more on imports into the US. On the other hand, this dynamic threatens to undermine years of efforts to fight inflation and increase price pressures.
Returning to the US dollar, we note that its rise may soon hit a ceiling, with a potential double top on the way. The US Dollar Index is aiming for the 106 mark. Strong areas may be responded to by pullbacks, and the forex market will also react to this. But in the long term, the dollar may continue its strengthening phase...
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