How to trade XAU/USD this week?
The GOLD reached $1800 continuing its downward movement till $1761, and its expected to reach $1750. After that it will start by a correction upward movement and it will reach $1775
So The Best Selling Price Is $1775 & And The Best Buying Price Is $1750 For This Week
When it comes to gold, Yes, shorting is still preferred.
Crushing gold on August 9th, though, leaves long wick a little puzzled.
So I'd like to see if gold can close as a bear candle at the end of the month.
However, for the time being, a two-position high-low level is my preferred level for short-term long-term trading.
Please check my previous gold trade...
Over 5,000pips in our direction since my last publication on the yellow metal ( see link below for reference purposes) and it appears we are at another juncture to take advantage of the rally. The continuation sequence of this bias can be related to the significant Breakout of the Bearish Trendline during the course of last week trading session after a two week...
Yesterday I closed long position with small profit before asian session, expected a little decline before London. Now I opened 4 lots long and will add 4 lots more later if everything will go by scenario.
Time Frame: 4H
Signal Analysis: The price is still in an uncertain zone and the entry should be taken carefully. If the price reaches the nearest support level of 1750.635 ,then we can expect a long move upto 1783.650 as a correction move and fibonacci retracement.
The price of gold attempts to trade back above the 200-Day SMA ($1795) as the 10-Year Treasury yield continues to pullback from the monthly high (1.64%), and looming data prints coming out of the US may keep the precious metal afloat as household spending is expected to contract for the fourth time in 2021.
The update to the US Retail Sales report is anticipated...
We gave got a descending channel and trend lines on the chart that gives us a good sell signal.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
Gold price is reversing from monthly highs just ahead of the $1800 mark, as the US dollar rebounds in tandem with Treasury yields amid the upbeat market mood. Robust US corporate earnings douse fears over growing inflation risks, boosting the investors’ sentiment at the expense of the safe-haven gold. Meanwhile, failure to find a hold...
Time Frame: 4H
The price will move down to readjust the price level with a hope to keep balance for supply and demand. We are optimistic for a downward move which is imminent . This is a high probability set up and can be triggered for accumulation of some pips. We recommend to take precaution with proper risk managemnt.Our entry...
Hey traders, this is my plan to buy Gold.
It will be better if the price falls to the trendline and shows a reaction. In that case, we shall be trading with the uptrend, bullish channel and demand zone.
Trade with care!
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Time Frame: 4H
Bias : Neutral
Signal Analysis: We are neutral today. The price is congested and do not seem to be moving very far for the time being. However, opportunities can be traced at lower time frame. But it is recommended to ensure higher time frame confirmation.