Reason Behind the XAUUSD Bullish Setup
1. Fake candlestick Formation due to Obey of trendline and support @ 1810
2. Double Candlestick Confirms Half Confimations Bullish Engulfing and make the higher Movement
3.Three strike Line formed in trible candlestick and make Bull Movement
4. Hikake Bullish Setup takes the XAUUSD to Higher and breaked 1925
5. Decending...
Reason Behind the Sell
1. Bearish Spinning Top the further Sell side Movement towards Swing low of 1905
2. Symmetrical Triangle Bearish Continuation and Sell trend Expected teh breakout and TReady for strong Sell Movement
3. Obey Resis ,Trendlien and retest the previous High
Overall Possible outcome
XAUUSD SELL @ 1940-45
TP1 1905
TP2 1965
Reason For First Bullish
1. Inverted Bullish Hammer
2. Fake Bearish Spinning Top wgich make the retracement towards the Nearer Resis 1937-40
Reason For FALL/SELL
1. Double Top Formation @ 1940
2. Obey Strong Resistace and trend lINE @ 1940
3. Symmetrical Triangle Breakout Over Sell region Expectecd
Over Possible Outcomes
XAUUSD SELL @ 1935-40
SL 1955
TP...
Reason Behind XAUUSD Sell Projection
1. Stochastic Overbought above 80 and ready to make a Fall
2. RSI 14 Below 50 Which Makes the sell trend In 1h Timeframe
3. Market Clear ON Downtrend and Make the Sell Direction
Overall Outcomes
XAUUSD SELL @ 1920-23
SL 1927
TP 1910
Reason Behind the Sell Projection
1. Market Clearly on Strong Downtrend.The Bearish Spinning Top candle Stick Pattern Confirms the further Sell Movement towards 1890 which last week Low
2. Fibo retracement Indicator indicates the assset reach the swing High 1924-1930 and then Make continuation of trend
3. Breaked the support @ 1915 and retesting teh area Again...
Reason Behind XAUUSD Buy Limit
1. Clearly Obey the strong Support @ 1850 which is 8 month Low
2. Obey the Downtrnd Line and retest the trendline High of 1930 which is Upper Line
Overall possible Outcomes
XAUUSD BUY @ 1850
SL 1830
TP 1930
Reason Behind the Sell Movement
1. Bearish Spinning Top Confirms the SELL side Movement
2. Market Clearly Breaked Support 1900 which Make Positive for Sell
3. Market on Downtrend
Overall Possible Outcomes
XAUUSD SELL @ 1900
SL 1930
TP 1840
Reason Behind XAUUSD Sell 1H
1. Market Clearly in Downtrend in 1H time frame
2. Restesting Yerterday and Major Support @ 1952
3. We entered the trade @ 1962 which is our major Resistance 1
4. Stochastic Overbiught in 1H
5. RSI 14 around 50 which Makes the bearish trewnd in 1H
Overall Possible Outcomes
Reson Behind the SELL Trend Projection
1. Breaked the Decending Triangle Pattern last Week
2. Breaked the Uptrend Line @ 1930
3. Breaked teh Support @ 1930
4. Black three Crows Confirms the Futher SELL side Movement
Overall Possible Outcomes
XAUUSD/GOLD SELL BELOW 1932
SL 1962
TP 1 1890-1900
TP 2 1854
Reason For Bullish
1. RSI 14 Above 50 and tends the Market Trend Continuation In 1h
2. Stochastic Oscillator Oversold and ready to Move above 20 and Pushesh Higher High
3. Three Black Crows Formation Indicates Bullish formation
OANDA:XAUUSD
As you can see that gold has created channel and if it breaks the drawn level tomorrow (Monday- 17-04-23) and gives pullback then we can take entry at sell side. plan your trade accordingly...
Reason For XAUUSD Buy
1. Breaked the Resistance of 1830 and retest again for Further Pullback
2, RSI 14 Above 50 and further upside Move
3. Stochastic oscillator Below 30 and tends to future Bullish Movement
OANDA:XAUUSD
Gold is formed an inverted Head and Shoulder and broken the Neck line.
If it retest the neck line level then we can plan for buying opportunities and this is for tomorrows analysis that is Monday 05/03/2023.
Technical Reason Behind the Buy
1. Retest the Support and trendline of 1830-1840 after the Huge Fall
2. If the Market retest tehZone of 1830 then See a Clear Strong Sell Candle which make the THree strike whiteline Pattern Formation and make the Further buy
Fundamental Reason
1. Dxy clear Downtrend in 1d candle and Make teh short Buy correctioj ober 103.8...
