Xauusdanalysis
Gold price reached the resistance area 1800Gold Analysis
Gold price reached the resistance area 1800 and near to the retest area 1830. Gold has been moving between these channel lines for a long time since 2020.
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XAUUSD Next Move One Week ProjectionAs per previous chart history, XAUUSD can be move upward or downward as per the local support, major support. Do your own research before entering any trade (short or long)
Buy Stop @1752
TP1 @1770
TP2 @1790
TP3 @1805
Sell Stop @1767
TP1 @1752
TP2 @1745
Local Support @1745 - 1740
Buy Limit @1720
For Long after reversal from the Major Support Line @1696.973
XAUUSD 4H Now we are trading at daily zone and 4H high has been swept price is in bullish trend and price is in control of supply now.
When we see a bearish CHoCH we can look to play shorts and CT trades as well.
My view is that we need to break internal low in order to price move downwards, as it will take more time.
Meanwhile we can play counter trend trades .
Am thinking price must tap on that demand and it will go up.
Lets see how it goes
Gold long possible Gold xauusd buy now @ 1666
Stop loss 1640 (260 pips)
Target one 1677 (110 pips)
Target two 1697 (310 pips)
Target three 1713 (470 pips)
Target four 1733 (670 pips)
Trade based on double bottom pattern in daily timeframe and breakout of resistance 1671 in hours 2 timeframe and based on pure price action levels
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GOLD BREAK OF BULLISH MARKET STRUCTUREXAUUSD just broke bullish market structure. It failed to break Higher high and created a double top which will be confirmed as it breaks below 1705.
Will be entering short as it breaks below 1705 and confirms it on hourly chart TP 1 will be 0.5 Fib which is 1672.05 and TP 2- 1658.42. will go for TP 3 1617 if it breaks below golden pocket of 0.618.
My SL will be 2%
I'll be entering short only if it actually confirms the double top by breaking below 1705. that will confirm market has actually flipped to bearish