XAUUSD ANALYSIS 10-7-24 , Before Powell Testifying.

Jul 10, 2024

🚨 XAUUSD (Spot Gold 🔖 10-7-2024🚨

Sell at: $2396-$2410-$2424-$2448
Buy at :$2330-$2305-$2285-$2260

CMP -$2380.85 (as of writing) 💹

⚠️ Warning: Do not risk more than 5% of your capital. You might lose your money.

🚨📝Data scheduled to be published at 17:00 hrs -22:30 hrs

19:30-Fed Chair Powell Testifies
21:30-Atlanta Fed GDP Now (Q2
22:30-10-Year Note Auction

Trading Strategy: Given the current market dynamics, we suggest the following:

🟢For Potential Rebound:
• Buy Entry Target Range: $2388(TP1)- $2405(TP2)-$2420(TP3)

🔴For Potential Downtrend:
• Sell Entry Target Range: $2360(TP1)- $2350(TP2)- $2340(TP3)

🔴Technical Status: XAUUSD: 📌

D1 SMA100-P (2320.38) Buy 🔺
H4 SMA100-P (2399.85) Sell 🔻
H1 SMA100-P (2405.89) Sell🔻
H4 SMA200-P (2418.14) Sell🔻

RSI(14): Status: Overbought
STOCHRSI(14): Status: High Volatility
ROC: Status: Neutral
William%R: Status:Sell
ATR(14): Status: Sell
SOC: Status: Sell

Jul 12, 2024

Trade closed manually

Kindly Exit from $2424 Sell Trade , Let us book Profit in $2424 Trade at cmp $2407.75✅

$2424 was achieved on11-7-24 at 21:00 hrs📌


Total Movement $16.25 📌✅🔻
$1625 Profit in 1 lot
$8125 Profit in 5 lots
$16250 Profit in 10 lots

Note : Sell from $2410 Range trade is open 🔻
Book that trade in profit as well and close with minimum profit
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