akhileshsharma61995

akhileshsharma61995

CPI data exceeded expectations for three consecutive months, and gold took this opportunity to make a sharp correction. During the correction, gold also fell below the upward trend line many times, with the lowest touching below 2319. Although gold was able to quickly recover part of the decline after falling, it was obviously much weaker than before during the...

akhileshsharma61995

After statements from Fed officials that further rate hikes were imminent, gold prices declined for a third week in a row. A break of the bear flag and a fall below support occur when the yellow metal continues to decrease. In the later part of the day on Friday, the price of gold gained momentum and rebound and fixed above 1,830. Price action shows a long tailed...

akhileshsharma61995

An Important TA of $GOLD : As you can see, since yesterday the price faced buying pressure after reaching 1900.870 and was able to grow strongly to the level of 1931$, now the price is trading in the range of 1924$ and according to the today's news , I give the probability of the price falling from this range , I have specified 2 scenarios on the chart, which are...

akhileshsharma61995

GOLD is pulling back to the major support level at 1900. The market is trading in a downward channel . Price broke and closed below the major level at 1920, which gives the market a bearish sentiment. However Price action prints the bullish harmonic pattern after a sell-off. We look for short term counter-trend trade opportunities at the confluence level:...

akhileshsharma61995

GOLD: Price may develop an ABC correction Following the bigger picture price reacted very well with the "A" wave. The probability is very high that the price is close to the end of the "B" wave correction that appears a bit complex today as it is showing both probabilities. However, we must be very careful as the main trend is still bullish and the reversal...

akhileshsharma61995 Updated 

Hello my friends, today I want to talk to you about XAU/USD . Gold is trading in the range. The price is currently testing the resistance line, but can bounce back and continue to fall. I expect the price can fall to bottom part of range, leave the range and continue to go down. I set 2 goals for Gold . 1st goal is at 1740. 2nd goal at the level of 1722. I...

akhileshsharma61995

Hello my friends, today I want to talk to you about XAU/USD . Gold is trading in the range. The price is currently testing the resistance line, but can bounce back and continue to fall. I expect the price can fall to bottom part of range, leave the range and continue to go down. I set 2 goals for Gold . 1st goal is at 1740. 2nd goal at the level of 1722. I...

akhileshsharma61995

Hello my friends, today I want to talk to you about XAU/USD . Gold is trading in the range. The price is currently testing the resistance line, but can bounce back and continue to fall. I expect the price can fall to bottom part of range, leave the range and continue to go down. I set 2 goals for Gold . 1st goal is at 1730. 2nd goal at the level of 1722. I...

akhileshsharma61995 Updated 

Hello my friends, today I want to talk to you about XAU/USD . Gold is trading in the range. The price is currently testing the resistance line, but can bounce back and continue to fall. I expect the price can fall to bottom part of range, leave the range and continue to go down. I set 2 goals for Gold . 1st goal is at 1750. 2nd goal at the level of 1735. I...

akhileshsharma61995 Updated 

Hey traders, in tomorrow's trading session we are monitoring XAUUSD for a selling opportunity around 1630 zone, once we will receive any bulish confirmation the trade will be executed. Trade safe, Joe.

akhileshsharma61995 Updated 

GOLD prices continue to fall for a long time amid rising Treasury yields And also amid tough statements from the Federal Reserve . But we are interested in Friday's strengthening of prices: which happened due to reports that the U.S. Federal Reserve leaders have no consensus on the further pace of interest rate hikes, and in the extreme trading session of the day...

akhileshsharma61995

Hi there guys! I will be using Wyckoff + SMC + ICT Concepts for my analysis. I'm looking for a potential buy entry on XAUUSD on the H4 Chart for next week. Since price has already broken market structure, I'm looking for a retracement buy entry at 1642.348 area. My final take profit will be at 1689.405 where there is a H4 Fair Value Gap area. To add confluence...

akhileshsharma61995

Hello my friends, today I want to talk to you about XAU/USD . The price is currently moving in a downward local trend. On the chart, we can see how the price approaches the resistance line. I think the price will test this resistance line and bounce off it before trying to break through the support zone . In this case, I decided to set two goals. I see the...