Gold hit a new 9-month low yesterday. The day began at 1733; the price briefly touched the day-low at 1722 and the day-high at 1744 early in the Asian session. Throughout the trading day, the price has bounded by 1725-35, with the day ending at 1725.
The price has tangled around the critical support of 1730 in the past 72; the trading atmosphere is like when the...
As per my observation, xauusd is in a panic mode and it could short worse than expectations. Local resistance is 1746 and major resistance is 1790 already discussed in my previously Weekly chart as posted below.
Trade according to your own research as this is just for educational purposes and not a investing advice.
1722 Big support if we look on Volume Profile , If Hold we can expect some bounce towards 1750-65 from here and if Not then More decline towards 1700. So we can Look for Buy until this level is safe on intraday basis but if breakdown 1722 then we can look for sell.
Gold left me without giving me swing entry.. on daily time frame i also published that idea earlier and moved as it was expected. Now by looking at the momentum i sense 1690 level coming soon.
Try to find best entry levels for based on market struture and pITCHFORK
Important levels Marked in chart, wait to price reach that levels and check for rejection
from upside/downside in smaller time frames then only take trade.
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How to buy gold, stocks or cryptocurrencies at a good price in a bear market?
There are usually two trading strategies, it depends on whether the market is in a bullish or bearish phase.
The common sentiment of many people in an uptrend, they think that the market will continue to increase so they can buy at any price, leading to fomo psychology and many people...
Gold remains inside a four-month-old descending trend channel despite a recent corrective bounce off the yearly low, mainly due to the oversold RSI. The recovery moves, however, failed to cross the 78.6% Fibonacci retracement of the metal’s upward trajectory from August 2021 to March 2022, near $1,755. In addition to the $1,755 hurdle, a horizontal area comprising...
Overall Elliot wave counts on daily time frame.
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 hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for...
still xauusd downtrend/next our entry like drop zone looking for sell
sell zone 1747 to 1748
stoploss 1749
target 1739
if price break and close on 1749 above in 15 mins candle looking by and your target is1764
and now looking sell in 1 hour drop zone
sell 1763 to 1768
stop loss 1769
target is 1680
After the last fall in gold with strong USD , gold needs correction before the final fall to 1700-1680 level.
For the corrective ABC wave we are putting the target of 1774 and a stop loss of 1730 with the entry from 1739.
BUY GOLD FROM 1739
TARGET 1774
STOP LOSS 1730
Hey M, I am looking to sell GBPAUD below 1.76000 and expecting continuation to the 1.75000 based on fundamental and technical confluence price broke major resistance and tuned to rejection to support and supply creation to continuation of bearish momentum with head and shoulder confirmation thanks.
