Expecting Gold to continue its upward trend and fill the gap to projected resistance price of about 2003.00 based on Gold's trading range within in the last week. DXY is projected to fall based on moving average chart indicators, which favors a Gold buy.
Buy Entry: 1975.00
Targets: 1977.00 | 1980.00 | 1984.00 | 1987.00 | 1991.00 | 1995.00 | 1999.00...
Price respect my areas ,first go to the demand area then we can see momentum in market and then market moved 200 pips boom kadam,what a great trade it was.
1980-85 zone is important if gold is unable to break that area then it will go to buy after hitting that zone and if it breaks down the area then after retest it'll go down,wait for the momentum candle after the current consolidation then buy or sell after confirmation.
Long once 30m candle closes above the level, so far we have taken no trades today and it's for a good reason, because price has rejected our levels every time we put an idea out so clearly patience is paying off. This is where the money is made, lets wrap today up with a nice one.
Trade this morning would have closed at break even after achieving 13 pips before returning back to the entry point, another trade with similar setup being taken here.
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Expecting XAUUSD to climb back up due to incoming economic events after a price fall off for the last couple of days. We may see the Dollar Index fall to the 102.000 area before the weekend which also supports a buy for Gold.
My last chart may enact past price 1856.00 , but for now I have it as a resistance area.
Buy Entry: 1832.00
Targets: 1835.30 |...
Kuala Lumpur, 9 March 2023 - Gold after the FED effect has bottom on $1813.
Robust price has been developed which seller quitted.
Bitcoin and cryptocurrency trader has tired.
Withdrawal and they putting into GOLD #xauusd right now.
While kathy wood pumped money not into coins but into coinbase.
We know she know something about the broker and confident about...
Expecting XAUUSD to continue up for the short-term based on the hourly chart. I have a support at 1870.00 but continued upward motion could see a support as high as price 1889.00 . Moving averages seem to be favoring buy motion as well as a weakening DXY. I have based my analysis on the last time Gold saw current price points in mid February of this year.
Buy...
So fundamentals are strongly support Gold.
We saw a stong bullish rally last week
and chances are high that such a sentiment will keep lasting.
We expect a bullish continuation next week.
Goal - 1866
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Entry: $1830-$1840
Take Profit 1: $1850
Take Profit 2: $1860
Stop Loss: $1825
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Gold has left a Long Wick implying some up movement to be had towards the Demand Zone around 1880-1890 on Daily Chart , I'll use 3% Risk for this and will update when i take the trade.
Gold - If we fail to close below 1814.240 i'll be looking for buys targeting yesterdays high and if that breaks then the 4H high, if we fail this level i'll be waiting for a reaction from the 1810.300 level, lets see what happens!
Let me know your thoughts!
BUY @ 1814
Sl @ 1806
Tp @ 1832
Expecting a retracement from DXY which should push this pair up. Price has broken out of trendline - sl below the last lows.
Will we see a reversal coming for Gold... If you take a look at the Dollar Index you will also see sells may soon be coming... Let me know what ya think below....
