As per yeaterday analysis GOLD is moving perfect on it’s way to 1735. Currently price action is very slow as GOLD trend is sideways, it will take aggressive move in the middle of this week.
1750 is point where market can be judged. Price above 1750 is a potential reversal zone and if it’s down then bearish. But here it’s sideway between 1772 and 1745.
As yesterday I gave update on GOLD that it is moving sideway and will have a strong move in middle of this week, might be tomorrow or day after tomorrow. Till that time a short sell setup has there where you can make a good profit. Although GOLD went high move 1766.91 in sideway.
Place your order according to your risk. If it moves above 1768 then we may see...
👉🏻 Mentioned last week that 1795 can be an area to enter long, but Friday's break below 1791 could mean otherwise. With the possible gains mentioned in DXY, we could see a selloff to at least 1760 area which is also the 50% retracement level.
1690 area marks is the yearly lows, doubt it will reach close to that, yet breaking it.
GOLD Outlook looks bearish with good confluences. Risky but worth it!
Disclaimer: My ideas are for illustrations only. PPPDirhams will not be liable for any outcome as a result of using this idea.
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Hi everyone, this is what I think will be the next move on GOLD!
I think Gold is heading down to collect liquidity and then will be able to move higher.
Areas of interest, where I think price is coming down to, is 1550 .
Great profits can be made if it follows the analysis!
Let me know your thoughts.
Gold sells taken as mentioned in previous analysis, 15m candle closed below the support line, with the following candle continuing in this direction.
80% of my short was closed at 10 pips profit, this has covered the loss on GBPJPY (losses happen, we accept these) and I have left a runner in XAUUSD sells with the stop loss just above the entry price, so we are...
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
If you like this idea, do not forget to...
Price has show a inverted hammer at our area of value followed by a bullish engulfing candlestick pulling it out of resistance area, would be looking to sell gold to the downside towards the order block (consolidation) before looking for buys to the upside, ultimately the 1860s
Today we going to analyze XAUUSD / GOLD.
Last week prediction moved as predicted. The only difference is the price move further high reaching for the swap zone that was created on 28 June 2021.
I consider this zone is a strong resistance level, only high speculation happening is able to break this level.
In case this level is broken, we looking...
👉🏻 With the recent dump due to NFP, price could be forming a huge WXY correction, with a 3-5-3 move. An extension of ABC in the Wave-Y is possible.
📰 Investors are also keeping an eye on Wednesday's CPI data.