Dear Traders, from previous two setups it did not work out due to DXY continues weakness and fed decision to hike the interest making dxy valuations down, now that market is settling, price is expected to hit the area of 1970-72 the area which needs to be filled. Longer term expecting XAUUSD to drop at least 1000 pips to adjust to demand and supply ratio.
XAU-USD is trading in a local uptrend In a rising wedge pattern But a strong resistance Is ahead, so after the retest 1948 I will be expecting a breakout From the rising wedge And a move down towards The target below, however IF there is no breakout, The setup is invalid
Dear Traders, DXY reversal is more likely than ever due to NFP being in the next week, buyers are exhausted and selling pressure have increased in the last few days. #gold is overvalued and needs some adjustment before it continue climbing up. -A good entry would be at our directed area and a risk entry would be entering in the market now. TRADE SAFE AND GOOD...
As you can see in the picture attached above on h4 gold price is currently at the daily resistance zone. Probably gold price gives spike tomorrow because as we can see the last three candle for h4 was fully bullish even after the cpi news hit the price went up drastically
-Price is expected to hit around 1900 region before it drops, however, 1880 region is crucial and many orders would have been place. That is the region why I think price will create a strong high before it reject and reverse. -In order for this trade to work DXY must follow our expect price action.
Fundamental & Technical Analysis Reason For XAUUSD Short 1. Obey strong Resistance @ 1880 2. Make a Fake breakout @ 1660 and make a Trap for Buyers 3. As it was in Bullish engulfing it it may Smell up to 1880 4. Bearish Rising wedge Confirm the Short sell in strong uptrend Fundamental Reason Retest dxy around 104 ,if break Below and touch 103 XAUUSD reach...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Reason For Bullish 1. As per the last Year data the Market obey the Trend and made a Break of structure 2. Liquidity May happen @ strong demand Zone 1774-1778 3. Breakout above 1810 pushes Higher to 1837 Over all Possible Outcome Buy @ 1778-1782 sl 1760 tp 1837
NFP News Forecast Expextation Breakout Zone of Strong Support DXY Getting More Weaken More and Pushes XAUUSD ready to be Bullish XAUUSD Possible Outcome BUY @ 1798-1805 SL 1770 TP 1 1820 TP 2 1880
XAU-USD broke the falling resistance And Retest strong support level at 1744 is below So I think that we might see A local move up
XAU-USD is going up now, and Broke the key horizontal resistance level at 1672 Which is now a support So I am bullish biased And I think that we are Likely to see local growth
Hey Guys I have two scenarios for gold, and I think the second scenario is more likely to happen I hope this analysis can increase your money along with your intelligence 11/08/2022 DYOR
= Gold analysis on the hourly and four-hour chart... The analysis is based on trend analysis, support and resistance = Between level 1655-1644, not valid for any trade = Selling power is higher than buying power
in my openion gold will be short from 24 oct at leat 200 pips i will be short from 1670
XAU-USD has retested a horizontal support From where we are already seeing A bullish rebound and I think That the move up will continue Towards the target above
Here we can see clearly the next move for XAUUSD (Gold), we've got our EP (blue line) at 1659.97 & our TP (golden line) at 1615.22. The medium term bias remains bearish. Price action has continued to range within a triangle formation. The bias is to break to the downside. And with U.S. inflation figures out later on today are in the spotlight, with the data...
🔹FX SIGNAL GOLD BUY 1624.55 SL 1607.00 TP 1664.50 Swing Trade Not Recommend For SMALL Traders Below 1,000$ Reason For GOLD buy Look over the link of related idea below