#Gold # XAUUSD
Hello to all watching my charts
If i check a wider range view of Gold XAUUSD
it seems to be that we are in a choppy range.
Best seems to be for me to declare 2 zones
to have best profit at the mment.
BUT !! you should have a very strict stopp loss level
1386 for long and 1438 for short
Otherwise, if the pair breaks out...
Gold tested above 1420 again and sustained there for Asian and European session., we expecting this can retrace till 1416-18 zone to take fresh buys for upside target 1436 for coming sessions. Downside current support is at 1400 a fail to hold this can test again the recent low 1380 again. Overall buy on dips is advised.
Suggestion: BUY GOLD FROM 1416-18 SL BELOW...
Expected gold price action till Friday this week and as per price move expecting entries and exits....
SELL GOLD FROM 1405-08 SL ABV 1425 TGT 1388
BUY GOLD FROM 1385-88 WITH SL BELOW 1375 FOR 1405
IF BREAKS 1388 ONE CAN GO FOR SHARP SELL TILL 1365 WITH SL ABV 1396
IF BREAKS UPSIDE 1420 ONE CAN GO FOR SHARP LONGS TILL 1480-1500 WITH STOP BELOW 1375
I will publish the fundamental forecast and gold report later.
The video has been recorded and posted.
Posting this chart to keep it in our files.
Two short setups reached the targets. See Attached.
As I explained in the video, the below H1 chart is the near term overview.
Weekly Chart Overview: Bull Market...
TL;DR; The July FOMC meeting at the end of July will be key in determining the short term trajectory of gold prices, futures are pricing in 100% chance of a rate cut. If the fed complies, expect stocks, gold and damn near every other asset to rise as a result. If they do not, then the market will drop and force their hand at the next FOMC meeting. In any case,...
BUY GOLD FROM 1405 FOR 1435 AND 1450 WITH STOP LOSS BELOW 1395
SELL GOLD FROM 1425 FOR 1395 AND 1375 WITH STOP LOSS ABV 1445
Al the best
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Technical Overview: Gold trading at 1406, trading below the support 1412 now turned to resistance, currently downside fresh support at 1404.50 or 200MA on 30Min chart, if breaks can fall sharply till 1386 or 200MA (1hr).Upside 1422-23 acting as resistance zone, makes the downside move resumes again till 1375 (trend changing level closing below). Overall we advise...
Price stated new downtrend yesterday - I sent entry point when the price was at $1435 - link on that idea will be below
The price will continue the downtrend. Best place to open Sell entry is near $1412- because it's mirror level.
Technical Overview: Gold trading at 1409, trading below the support 1412 now turned to resistance, currently downside fresh support at 1409 or 20MA on 4hr chart and 1416 or 200MA .Upside 1422-23 acting as resistance zone, makes the downside move resumes again till 1385 or 50MA and 1375 (trend changing level closing below). Overall we advise a sell on rise strategy...