XAUUSD There will be a recovery period before gold increases
Signals and strategies before trading
XAUUSD
⭐⭐News and Strategy⭐⭐
Gold price has stalled its recovery momentum, as the Relative Strength Index (RSI) indicator remains in the overbought region, warranting caution for buyers.
However, the 21-Simple Moving Average (SMA) is looking to cross the 50 DMA from below, suggesting that a Bull Cross remains in the offing.
Therefore, a minor pullback in Gold price could be seen toward the abovementioned confluence zone at around $1,838, which could provide a fresh buying opportunity for the optimists.
Acceptance above the $1,865 level could trigger a fresh upswing toward the key resistance at $1,880, which is the intersection of the beairsh 100 SMA, September 28 and 29 highs.
Failure to defend the $1,838 confluence support will likely reopen floors toward thw multi-month low of $1,811. Ahead of that, the $1,820 round level will lend support to Gold buyers.
💰 💰Signal: GOLD PLAN 10/10 💰 💰
Asia-Europe gold today:
🔼Purchase price range $1853 - $1855 - Stoploss: $1846
🔽SELL watch Price range $1867 - $1864 - Stoploss: $1872
American session:
🔼Buy price range $1838 - $1840 - Stop loss $1834
🔽Pay attention to the SELL price range $1884 - $1883 - Stop Loss $1888
✍Note: Full TP, SL to be safe and win the market ‼️
XAUUSD
⭐⭐News and Strategy⭐⭐
Gold price has stalled its recovery momentum, as the Relative Strength Index (RSI) indicator remains in the overbought region, warranting caution for buyers.
However, the 21-Simple Moving Average (SMA) is looking to cross the 50 DMA from below, suggesting that a Bull Cross remains in the offing.
Therefore, a minor pullback in Gold price could be seen toward the abovementioned confluence zone at around $1,838, which could provide a fresh buying opportunity for the optimists.
Acceptance above the $1,865 level could trigger a fresh upswing toward the key resistance at $1,880, which is the intersection of the beairsh 100 SMA, September 28 and 29 highs.
Failure to defend the $1,838 confluence support will likely reopen floors toward thw multi-month low of $1,811. Ahead of that, the $1,820 round level will lend support to Gold buyers.
💰 💰Signal: GOLD PLAN 10/10 💰 💰
Asia-Europe gold today:
🔼Purchase price range $1853 - $1855 - Stoploss: $1846
🔽SELL watch Price range $1867 - $1864 - Stoploss: $1872
American session:
🔼Buy price range $1838 - $1840 - Stop loss $1834
🔽Pay attention to the SELL price range $1884 - $1883 - Stop Loss $1888
✍Note: Full TP, SL to be safe and win the market ‼️
Comment:
What a great sell signal around 1965 for 70 pips. Close all orders and implement your plan to buy gold
Trade closed: target reached:
So we finally have a 100pips sell signal for gold. Dian was correct in making my choice
Trade active:
Already more than 50pips for buy signal 1853 - 1855. The signals are almost all over
