GOLD has rejected the resistance level and trendline.
The market is testing major support level.
If price pulls back to the resistance level, then we can look for a selling opportunity.
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Gold price is the recent recovery gains at $1650 on the US Federal Reserve day. XAUUSD bulls could target $1660 - $1670 on Fed’s dovish rate hike. On a hawkish surprise, xauusd price could result its broader downtrend, the demand area seen at $1637 - $1642. After the break $1620 and October low at $1617 could be threatened. Yellow metal price to remain firmer but...
Hey Everyone,
This is our 4H chart update from Sunday, which we have been tracking throughout the week. We had the perfect test into the retracement range 1632 and then a swing up, as expected to HIT our first Bullish Target at 1651 on the 4H chart.
We now have 1664 open, as our next TARGET. Keeping in mind our post from last night regarding FOMC and to trade...
Hey Everyone,
Another FANTASTIC day of trading with our SELL from the top and then the spike up HITTING our Bullish TARGET of 1664, which we called this morning. We are now seeing the rejection at our resistance structure with the price wicking out from this resistance level back into our range heading towards yesterday's low. This means all our levels are still...
#XAUUSD ( Gold / U.S Dollar )
- Completed the Impulsive Wave " 12345 " and Correction " ABC "
- It will Again Following Impulsive Waves " 12345 "
- Rising Wedge Pattern and Breakout the Lower Trend Line #LTL and Retested
- Selling Divergence in #RSI
- Rejection from Fibonacci Level - 61.80%
Hey Everyone,
BOOOOOOM!!!!
As you can all see our 1H chart setup is now complete. The entire movement tracked exactly like we projected with our final BULLISH target at 1657 HIT on the nose!!! All bearish and Bullish targets now complete.
We spent the remaining sessions observing and waiting patiently for our next entry.
What can we expect tomorrow?
The price...
Sell GOLD
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Sell GOLD
Note: To reduce the risk on your balance
you have to use only 2% of your balance.
-
-
-
-
-
-❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️.
GOLD has rejected the resistance level and trendline.
The market is indecisive because it made HH and LL.
Price is pulling back to the resistance zone and it will probably create a consolidation pattern like a triangle .
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Share your opinion in the comments and support the idea with like. Thanks for your support!
Morning Everyone,
What a PIPTASTIC start to the month with our 1H chart playing out perfectly.
The EMA5 cross and lock below 1638 opened the swing range so we were babe to wait for the support test. We then took our planned long entries in the swing range and trailed all the way upto 1645. BOOOM!!
The calendar is packed full of high volatility events this...
Hey Everyone,
Not much action today, as we saw price move slowly throughout today in a tight range and steadily down by just over 100 pips. The break below 1638, as per our chart EMA5 cross and lock opened the swing range.
We are now planning our entries in the swing range to catch some of the bounce. The cross and lock below 1638 opening the swing range has...
Gold has continued to slide on Monday as US dollar advanced, currently trading at $1634. XAUUSD is heading for its longest streak of monthly losses on record with investors now in anticipation of continued rate hikes from central banks that will cause a strong US dollar. Gold may target the yearly low below $1620 ahead of Fed meeting.
The sellers remain in...
Hello traders,
Gold price fell more than 2% last week. The declining gold price trend stems from the stronger US dollar and increased prospects that the Federal Reserve will continue it’s sharp rate hikes to tame inflation.
We consider selling xauusd after retracement higher and a price action signal, near $1675 supply zone targeting $1650 and $1630.
Based on...
