If, price below 61450 will trigger the liquidity of trades who entered recently
because the price have not mitigated the order block below it 61200 and 61100
On the upper side, above 62700
63200 - 63400 - 63800 will be the sellers order block and fair value they will look to sell
the remaining levels will be choppy
trade level to level
In gold form order block in 1hr time frame and also long 4hr order block is there.
if you are trading in gold so Look for Buy
LIKE,SHARE,FOLLOW
( mentor of your mentor)
We are looking to sell XAU/USD at around 2033.80 with an objective of 2021. The forex fundamentals is really affecting the price action this week. The Take Profit is to be set at around 2021. The stop losses is posted at 2038
Reason For Bullish
1. Stochastic Oversold and tends to Bullish
2. RSI 14 above 50 which Uptrend in 1H
3. Breaked Resis 2019 and retesting Now for Bullish
Overall Possible Outcomes
XAUUSD BUY @ 2021.90
SL 2015
TP 2025
TP2 2030
Gold Mini Futures Intraday Prediction Levels for 7 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line.
These levels...
The Marked area's are major support and resistance level for Banknifty Intraday, also called PAM Areas.
When price come to these area we can expect either reversal or breakout from the given area's.
So planning a good trade will occur only in the marked areas, when price is in middle, we have to wait for the price comes to the marked PAM Areas
All levels are mentioned on the chart. Wait for the price to come near 1937.
Only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
OANDA:XAUUSD The 14-day relative strength index (RSI) heads north above the midline while the sloping 21 DMA is set to cross the 50 DMA to the upside, suggesting Bull Cross.
Technical indicators still favor Gold buyers in the near term.
On the downside, immediate support awaits at the intraday low of $1970, below which the 100 DMA of $1966 will come into play....
on Daily TF double top was formed but the red line is not yet broken. now it seems to be forming double bottom. One can hedge here and wait to break on the either side. Safes can enter on the breakout and retest.
gold is getting strong from intraday perspective, not only gold but GBPUSD (since they have co-relation). i think its will be a nice trade since they both are also forming ascending channel.
NOTE : only for education purpose.
ALL THE BEST!
FOREX GOLD XAUUSD LONG and SHORT support and resistance 20-08-2022
GOLD SIGNALS
FOREX LEVELS TODAY
TODAY GOLD LEVELS
BUY SELL GOLD
#forex #gold #xauusd #xauusdsignals #technicalanalysis
Mercury Technicals is not an investment advisory service, or a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities customers...
Fundamental Description:
Fundamental remains almost same for the gold during past 20 hours. As we can observe from the movement of gold that it is trading in the range of $1896-$1907. ECB president Lagarde speech is due for today.
Meanwhile, Russia halted gas supplies to Poland and Bulgaria until payment are made in Rubles. Headlines from Russia provided some...
Fundamental Description:
We have seen bearish reversal for the gold (XAU/USD) during past few trading sessions. Gold is now vulnerable to rising Covid-19 cases in China and hawkish stance from federal reserve. As of writing, it is trading slightly above 1900 marks. It is still to be seen how it performs during the last few sessions of the month.
The war in...
Gold is about to make upmove, follow the analysis to know how!
Things to consider:
1. Last day gold printed bearish impulse, today its making higher highs
2. Upward momentum building
3. After an impulse a retracement is seen
How to enter:
1. Follow the analysis
2. Entry on 1hr tf
3. Enter when MACD crosses 0
4. Enter when 10 ema crosses 20
5. TP & SL in the...
OANDA:XAUUSD
Market is Ranging between 1824.095 and 1803.585
There is a Buying Opportunity above 1825.227
And a Selling Opportunity below 1802.444
Wait unlit it breaks these levels or 30min candle closes above this levels.
Trick :
For impulse entry trade at London or NY Timing,
When 30min candle cross these levels switch to 1min or 5min time frame for best...
