If we observe a bullish hourly candle closing above 2315, it suggests that gold may not face resistance until reaching 2329. Therefore, if we see a bullish hourly candle closing above 2315.50 , we could consider entering a small buy position with a stop loss at 2307 and a target of 2329 and if price gets rejection from 2332-38 area we can plan a good sell.
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I still focus for bearish. Recounting back after invalidation level broken.But its ok will try to focus for this setup. Im ready for next week. Trade with at your own risk guys.
Over Extended on FL- MTA bands MT4 Last push up on the Daily 4 weeks ago retraced 50% on the old Fibs Volume Profile has most orders down at $2315.53 1st Support on the Hrly is $2346.52 DYX looks like it's heading up RTPL Pattern Sentiment of Traders Targets are way out of the Chart
Gold prices continued their uptrend on Thursday and rose more than 1% as US Treasury yields fell, reducing the greenback's appeal. Labor market data from the United States was weaker, increasing the chances of an interest rate cut by the Federal Reserve despite facing inflationary pressures. XAU/USD's daily chart shows it has slowed its recovery around the...
We continue the experiment with a wider range of zones. Let's see if we can guess the places to search for deals for the week ahead. Last week is HERE or in the related ideas at the bottom of the post. During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development...
XAU/USD ( Gold ) Potential longs for gold . A break of trend line should send gold to 2332.000
After being rejected at the 2280 support zone, the price recovered quite strongly in the past session, breaking the triangle pattern and testing the 2320 resistance level. However, this move has not significantly changed the situation. form where the higher peak has not yet been established. Still keeping the old comment, we temporarily divide it into two cases: ...
The trend of gold this week showed an upward trend in the second half of the period, with the weekly closing as a big positive line with some small upper and lower shadow lines. On Friday, we publicly pointed out that short orders were carried out on the 2375-2378 line. As a result, the big negative line once touched 2355, showing a downward trend. Yesterday,...
#GOLD - H1 📣 Upon examining the 1-hour timeframe, with the breakout of the downtrend in the range of 2327, there is an expectation of price growth towards the range of 2350. ⛔ Stop Loss: 2307. On the other hand, breaking the range of 2307 could signal selling opportunities with a target of 2280. ⛔ Stop Loss: 2327.
hello everyone, as we expected the price to grow upwards in the previous analysis, the same thing happened, and now we have two scenarios ahead of us. 1. The first is that the price will be reached 2370 to 2380 and return to the lower areas of 2228 to 2199. 2. The second is that the price will experience a drop after reaching the prices of 2417 and 2432...
This is a perfect structure formed on the gold char with respect to SMC trading pattern. Gold is set to sell at the marked level
seems z or a of a bigger zig zag has finished retrace at 50% level. We can see 2359 before next leg down that will complete at a minimum of 2220 to 2195 before a retest of tl at 2330 i suspect
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " A " Corrective Waves Break of Structure and Retracement RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame and Breakout of Lower Trend Line Demand Zone
Buy potential as USD appears to be heading lower being sold off since last Wednesday most probably by the BOJ. USD and Gold as we know is supposed to do the opposite of each other but been a little bit out of wack of late long term bt looking at the short term looks pretty good. Traders are Long Gold at the moment Buying EURUSD so Short Dxy Enter Now if u...
Gold prices surged to a three-week high of $2,375 an ounce on Friday due to weak U.S. economic data. The University of Michigan's preliminary May consumer confidence index fell to 67.4, lower than expectations. Additionally, there was an unexpected increase in initial jobless claims, reaching the highest level since last August. Investors are now awaiting next...
Here a simple and clear structure for traders. Gold down trend is confirmed by CHOCH and BOS ster that comes the distribution phase... The marked ot point is where Gold could reverse from.
As discussed throughout my yesterday's session commentary: "My position: As stated above, my first (original) Selling order is still active (#2,322.80 entry point) with #2,300.80 benchmark as optimal Target. I do expect it to be realized within the session." Technical analysis: Gold bounced back well enough on the #2,310.80 - #2,312.80 first Support level...