Yesterday it was the 4th of July and, with American markets closed, is no wonder Gold bearly moved.
Also, looking at the posted chart we can see that, in the past 6 weeks, the price action was pretty choppy and the pattern is an arch, suggesting down continuation.
Support at this moment is at 1780 and, as I mentioned before, a break here could lead to a further...
Bullish Target Reached : +150 Pips ✅
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 07.05.2022
⚠️(DYOR)
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✅USDJPY has already reached the resistance level three times, formed a triple top. A triple top is a sign of an imminent reversal, so we are waiting for a fall.✅
🚀 SELL scenario: short to 132.525.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes...
Gold is trading within a solid supply area as well.
To catch a bearish trend continuation, watch a double top formation on 1H time frame.
1804 - 1807 is its neckline.
Wait for its bearish breakout, then sell aggressively or on a retest.
Target will be 1790.
If the price breaks a blue zone to the upside, the setup will be invalid.
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XAUUSD D1: THE BEST level to buy/hold 10%/20%...
Although the pictorial desciption is self explanatory but i will explain over here.
There are 3 trade opportunities:
Trade 1: Buy XAUUSD around 1767.00 , takeprofit : around 1785.00, Stoploss: 1749.00 ---- 180 pips opportunity.
Trade 2: Sell XAUUSD around 1786.00, takeprofit: 1752.00, stoploss: 1800.00 ---- 320 pips opportunity
Trade 3: if price breaks...
XAU / USD
The bears in full control for 4 months in row and not like it will stop bleeding soon
What next ?
major trendline is broken so the general sentiment is still bearish
what i think is a small bounce to 1800$-1820$ area followed by major dump to 1700$-1660$
What do you think? , comment below ⬇️
Best of wishes
Hello,Traders!
GOLD was trading above the strong key level
But today the support got broken in a brutal way
Therefore we are bearish now
And will be waiting for the retest of the broken level
To go short on gold
Sell!
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Hey Everyone,
We have updated the 4H chart Goldturns for the existing and current new range. A massive move down in usual pre FOMC fashion. With both FOMC and NFP this week we have been taking it easy and only playing with small LOTs.
We took some small buys early into the drop, which we took out now for better entries and now secured layers from support levels...
XAUUSD will reverse at a support.
XAUUSD can reverse at 1765 or 1750 or 1720.
More likely 1750 or 1720 as weekly supports.
XAUUSD downside is limited by the weekly trendline (red line on chart)
Targets. Supports, Resistances on chart.
I will love to read your comments. Please put a like, follow us and give us your comment.
Be carefull, patient and...
✅AUDJPY has reached the resistance level. The price bounced has already bounced down. ✅
🚀 SELL scenario: short to the support level.🚀
----------------------------------------------------------------------------
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
ALL Target Reached : +220 Pips ✅
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 07.06.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
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✅GOLD broke the key structure level
While trading in an downtrend
Which makes me bearish
And I think that after the retest of the broken level is complete
A rebound and bearish continuation will follow
SHORT🔥
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