🔹Hello traders, Let's review and go over analysis and strategies for GOLD As you can see, gold has been in this nice clean downtrend that has been formed over the past few days. I'm expecting price to go down to imbalance and order block area. Were price could make a jump upwards and go up to the. Monthly high But if price breaks the downtrend, I'm expecting price to go up to the monthly high or maybe even more above So be aware, be on alert!
🔹News : Following a decline to multi-week lows last week, gold has found stability in recent days amid lower volatility, with prices confined between trendline resistance at $2,030 and horizontal support at $2,005. Breaking through these technical thresholds is essential for meaningful directional moves; otherwise, consolidation becomes the most probable scenario.
Evaluating possible outcomes, a topside breakout could propel XAU/USD towards $2,065. On further gains, we could witness a rally towards $2,080. On the flip side, if a bearish breakdown occurs, support emerges at $1,990 and $1,975 thereafter. Continued losses hereon out could bring the 200-day simple moving average into focus.
🔹🔹Reasons : As you can see price could just make a bounce off the curve Trend line And if that happens, I'm expecting price to go back up to our entry zone at area 2035$ If price goes more above that, I'm expecting a bullish trend or else. I'm expecting price to go down to monthly low and maybe to go all the way down to imbalance and gap area.
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🗨️Always trying to come up with more quality setups for you guys!
⚠️Warning ⚠️
before you take this trait or take just my word, go look something up Look up some news That could be coming. More info about it Tomorrow And remember, risk management always 1 : 3 always more gains than losses!
✅Advice ✅
I think that every traveler should start doing is writing down The reasons for their setup on the charts If you can't write 5 down, don't take the trade This is coming from me personally After I did this, I saw major improvement in myself and in my trading so do it!
🙌Have a phenomenal trading day!
🔹News : Following a decline to multi-week lows last week, gold has found stability in recent days amid lower volatility, with prices confined between trendline resistance at $2,030 and horizontal support at $2,005. Breaking through these technical thresholds is essential for meaningful directional moves; otherwise, consolidation becomes the most probable scenario.
Evaluating possible outcomes, a topside breakout could propel XAU/USD towards $2,065. On further gains, we could witness a rally towards $2,080. On the flip side, if a bearish breakdown occurs, support emerges at $1,990 and $1,975 thereafter. Continued losses hereon out could bring the 200-day simple moving average into focus.
🔹🔹Reasons : As you can see price could just make a bounce off the curve Trend line And if that happens, I'm expecting price to go back up to our entry zone at area 2035$ If price goes more above that, I'm expecting a bullish trend or else. I'm expecting price to go down to monthly low and maybe to go all the way down to imbalance and gap area.
🎁Please hit the like button and
🎁Leave a comment to support me!
🗨️Always trying to come up with more quality setups for you guys!
⚠️Warning ⚠️
before you take this trait or take just my word, go look something up Look up some news That could be coming. More info about it Tomorrow And remember, risk management always 1 : 3 always more gains than losses!
✅Advice ✅
I think that every traveler should start doing is writing down The reasons for their setup on the charts If you can't write 5 down, don't take the trade This is coming from me personally After I did this, I saw major improvement in myself and in my trading so do it!
🙌Have a phenomenal trading day!
💲Telegram : t.me/DeltaDiamondd
