A descending triangle is a bearish chart pattern in technical analysis that's characterized by two trendlines: a descending upper trendline and a second, flatter horizontal trendline that's lower than the first. The pattern is formed by a series of lower highs that meet the flat support line at the bottom
Current Market Overview Gold prices often fluctuate based on various macroeconomic factors, including inflation rates, currency values, and geopolitical events. Before diving into a specific trading strategy, it's crucial to consider the current global economic environment and how it might influence gold prices. Strategy Details Buy Zone: 2330 - 2325 ...
KEY POINTS: U.S. PCE data due on Friday Traders price in about 62% chance of rate-cut by November Vietnam's central bank to stop domestic gold auctions Gold prices held steady on Tuesday as the dollar eased, while investors looked forward to key U.S. inflation data that could offer clues on how soon the Federal Reserve can cut interest rates. Spot gold GOLD was...
At the start of the week, gold prices saw a decline due to stronger U.S. Treasury yields and a rebound in the U.S. dollar. This led to a moderate pullback from its recent peaks, although the price of gold still remains relatively high historically, influenced by persistent economic and geopolitical uncertainties. Analysts predict that gold prices may rise later...
Reason For Sell and Buy 1. Bearish Spinning Top In Day Candle and obeyed Resistance 2.Obey Strong Support @ 2350 Overall possible outcomes XAUUSD BUY @ 2350 SL 233O TP 2380
this trade is plan coz of trend and OB on 15 min timeframe.
Reason For Sell 1. Breaked Support 2360 and retesting Monday Morning 2. Overall Sell trend in 4h 3. Obey Tredbline and resistance Overll Possible Outcomes XAUUSD SELL LIMIT 2355-60 SL 2370 TP 1 2330 TP 2 2329
Reson For Sell 1.Reached all time High and Seller Pushes to Lower 2. Breaked Support @ 2365 3.Retesting the Breaked Zone Reason For Bullish 1. Obey Trendline $ Support @ 2310-20 2.Fundamendal News and Politics Overall Possible Outcomes XAUUSD SELL 2355-60 SL 2370 TP 2320 XAUUSD BUY 2310-2320 SL 2270 TP 1 2360 TP 2400 TP 3 2430
Reason Behind Buy 1. Breaked Resistance @ 2310 2. Will Retest Trendline + Support @ 2310 3. Next XAUUSD/GOLD Move towards last week High 2331 4. Jio Politic War - Reason 1 5. US intrest Rate - Reason 2 Overall Possible outcomes XAUUSD BUY @ 2295-2310 SL 2267 TP 2330 TP 2 2400
Reason Behind the Sell 1. RSI 14 Below 50 which indicates in Sell Trend in 1H Timeframe 2. Stochastic (5,3,3) Over Bought hence it Fall Overall Possible outcomes XAUUSD SELL@ 2160 SL 2170 TP 2145
Reason Behind Bearish 1. Obey Trendline @ 2200-2210 2. Correction expected after Huge Hugh Pumb Overall Possible Outcomes XAUUSD SELL @ 2200-2210 SL 2222 TP 2140
Reason Behind Bearish 1.Breaked Major Trendline @ 2050 2. Breaked Resistance @ 2072 3. Breaked Downtrend channel Overall Possible Outcomes XAUUSD BUY @ 2060-2070 SL 2040 TP 2090 TP 2 2014
Reason Behind Bullish 1. Formation Of W Pattern in 4H 2. Break Resistance @ 2036 Overall Possible Outcomes 🔹FX SIGNAL GOLD BUY 2035.50 SL 2030.00 TP 2048.20
Reason Behind Fall 1. Bearish Pennet Chart Pattern Formed 2. Obey Strong Trendline & Resistance @ 2048 Reason For First Buy Breaked Resistance 2031 and moving towards Next Resis 2048 Overall Possible Outcomes XAUUSD SELL @ 2048-50 TP 1 2030 TP 2 2010 TP 3 1985
Reason Behind the Bearish 1. Obey Resistance & Three White Soliders @ 2028 2. Obey Strong Trendline @ 2037 3. Decending Triangle Pattern Formed Overall Possible Outcomes XAUUSD SELL @ 2027-37 SL 2054 TP 2000 TP2 1980 TP 3 1940
Reason Behind Bullish 1. StochastIC Oversold In 1H which Below 20 and ready for Bull 2. RSI 14 sustain above 50 and Bullish trend in 1H 3. Retested the breaked Zone @ 2034 Overall Possible Outcomes 🔹FX SIGNAL GOLD BUY 2035.20 SL 2028.00 TP 2046.20
Reason behind the Buy Projection Tecnical Reasons 1. Bullish Spinning Top In both Single/double Candlestick 2.Three Line Strike in Trible candlestick 3.Ascending Triangle pattern Formed 4 Keyfactor * Obey Strong Trendline @ 2030-40 * Obey Fibo Golden ration @ 2017 Fundamental Formation of Bearish Spinning Top in DXY pushes Lower and obet Trendline...
Reason For Uptrend Continuation 1. Breaked the Downtrend line 2. breaked 1960 and retest the Support and make ATH Overall Possible outcomes XAUUSD BUY @ 1950-60 SL 1933 TP 1 12000 TP2 2000