My strategy TVC:GOLD for today
After the US Dollar sold off due to mixed US labor market data, the Greenback regained some bullish momentum against its major currencies at the start of the week, capitalizing on market anxiety. market ahead of important inflation data releases from both China, as well as the United States.
Gold prices continue to face...
OANDA:XAUUSD Gold prices gained some positive traction during the Asian session on Wednesday and partially reversed the previous day's sharp decline to the $1941 region, or three-week low.
However, XAU/USD is having a hard time capitalizing on modest gains on the day and is currently trading just below $1,950, still up more than 0.20% on the day.
Today my...
TVC:GOLD Gold prices rose on a daily basis, although XAU/USD established a new one-week low of $1,951.53 per troy ounce while holding below Monday's high of $1,967.85. The US dollar rose in the first half of the day as the gloomy mood favored the safe-haven currency.
The dismal macroeconomic figures released these days show the fragile economic balance most...
OANDA:XAUUSD
XAUUSD in 4Hr Time Frame has created a falling wedge and it already given a breakout, wait for the retest and take entry buy side. plan your trade accordingly...( Its for monday 03-07-2023)
Gold Powerful 1:3 Trade
= Down Trend
= breaking their Support
= Price below the 200 EMA
= Positibe news For USD Coming soon (Bad for Gold)
= Proper Price action
Here we had shared possible Elliot wave counts of GOLD chart in which weekly, daily, 4 hourly and hourly all these time frames counts are aligned with each others.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a...
MCX:GOLD1! gold is in parallel channel at the top level support area which was previously a resistance zone, this support zone+ parallel channel breakout can send gold on new all time high or retest the new high level once again.
📉 Gold - Bearish - We look to Sell at 1615.08
▪ The medium-term bias remains bearish.
▪ Following last week's retracement candle, the overall trend is set to continue downside.
▪ A firmer opening is expected to challenge bearish resolve.
▪ Prices are expected to stall near trend line resistance at 1675-1680.50 levels.
▪ We look to sell rallies in the coming...
📉 Gold - Bearish - We look to Sell at 1613.90
▪ The medium-term bias remains bearish.
▪ Broken out of the triangle formation to the downside.
▪ A mild correction has been posted from yesterday's low, this is seen as a retest of the breakout level.
▪ Support at the levels of 1615 weekly low can be broken.
▪ We prefer to fade into the rally with a tight stop in...
📉 Gold - Bearish - We look to Sell at 1638.90
▪ The medium-term bias remains bearish.
▪ Broken out of the triangle formation to the downside.
▪ A mild correction has been posted from yesterday's low, this is seen as a retest of the breakout level.
▪ Resistance could prove difficult to break down.
▪ We, therefore, prefer to fade into the rally with a tight stop...
📉 Sell Gold - Bearish - We look to Sell at 1646.51
▪ The medium-term bias remains bearish.
▪ There is scope for mild buying at the open but gains should be limited.
▪ Prices are expected to stall near trend line resistance.
▪ We look to sell rallies.
Confidence: ⭐⭐⭐⭐⭐
⛔ Stop: 1655.37
🎯 Target 1: 1627.32
🎯 Target 2: 1610
Happy Trading!
Double top breakout in #xauusd. I think will get confirmed after this weeks #FOMC whether is a false one or not.
If confirmed, minimum target = 1450/1400$
Technically, dollar index #dxy looking bullish in longer time frame so quite possible of the #gold targets given above. Only time will tell.
#fingerscrossed.
Happy Trading.
Gold analysis for the week starting from 19th September 2022.
Use my levels and zones in either on Hourly or 15 Minutes or 5 Minutes for best Risk Reward trades.
Never trade with out a stop loss.
Gold is near to complete correction very soon but only after making new lows as per Elliott wave counts which are suggesting to go short now, on completion of wave 4 it can be an opportunity to buy at lower prices to ride possible start of wave 5 can make fresh impulsive moves of some lower degrees. Right now it is in sell mode only, and can slide south towards $...
XAUUUSD SELL OPPORTUNITY
SELL @ 1730-1745
Target Price 1680
Stoploss Price 1770
Reason For GOLD XAUUSD SELL
1. Obay DAY candle support and bring rejection and tends to sell
2. Clearly formed BEARISH ENGULFING and make possible t fall again
3. Fundamentally the intrest rate may hike for short while
