ITS A SURESHOOT
IRS MY PERSONAL STRATEGY
The gold showing a good falling
Having a good potential
There is nothing to doubt
It have a great surety of FALL
Due to these reason
1.It have clear-cut neckline without any confusing chat
2. It have clear entry and Tp point
3. Sellers seems heavy due to volume
its a good one
we have captured the down trend since the beinginng on trend change
currently price has breached some fair value area and ob's from medium time frame
as i have captured the big trend personally i wont be shorting instead will wait for my buying zone
58810 and 58665 is new current resistace
58275 and 58120 is the level where price would like...
Temporary concerns cooled down during trading hours in Europe but continued before Wall Street opened, with XAU/USD trading at a low of 1,902.68 per troy ounce, which aligns closely with the lowest level in July. Ultimately, the positive tone from Wall Street finally interrupted the USD protest rally and helped XAU/USD recover from the aforementioned low level,...
OANDA:XAUUSD
As you can see that, XAUUSD has given a good consolidation breakout and wait for the retest entry, go for sell side. plan your trade accordingly...
Gold prices at the beginning of the trading week increased as the US dollar weakened, resulting in a decrease in the US Dollar Index.
This made gold more appealing to buyers who use other currencies.
Gold has bounced back strongly from the support level of $1,950/ounce due to disappointing economic data.
The May Purchasing Managers' Index (PMI) for the US service...
The price of gold rebounded after hitting a low point not seen in over two months.
This was due to the recent data showing that the US services sector had experienced minimal growth in May, which halted several months of strong market growth.
The weakened dollar was also beneficial to metal markets, with gold being a safe-haven asset.
However, it is expected that...
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
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.
