Xauusdanalysis
Double Top breakout or False breakout #xauusd #gold #gc #xauDouble top breakout in #xauusd. I think will get confirmed after this weeks #FOMC whether is a false one or not.
If confirmed, minimum target = 1450/1400$
Technically, dollar index #dxy looking bullish in longer time frame so quite possible of the #gold targets given above. Only time will tell.
#fingerscrossed.
Happy Trading.
XAUUSD AGAIN READY FOR WATERFALL 18/09/22Fundamental & Technical Reson For GOLD XAUUSD Fall in upcoming Week
Technical Analysis
1.Market closed beloe 1780 and breakout confirmed
2.Retest Will happen over 1654 whicjh is Last week Low
3. Clear Downtrend Continuation For Six Month
Fundamental Analysis
1. DXY ready for the rakky of 115 which presently retesting 110 which is 20 years High
2. Prelim UoM Consumer Sentiment Last week news Impact and made teh USD again stronger
XAUUSD SELL 1775-1780
SL -1710
TP-1630
700 pip downside move in goldOne of the largest moves caused by the unexpected US inflation data has been in gold.
Gold has finally broken through the monumentally important support level of $1,680 and has pushed all the way down to ~$1,660/oz. Gold achieved this huge break to the downside in one four-hour period.
Before this, gold was already feeling the downside pressure, experiencing a drop from ~$1,730 to ~$1,700 in the immediate aftermath of Tuesday’s US inflation data.
Total movement to the downside in gold since Tuesday now sits at around 700 pips.
Gold weakness is being driven by the expectation that the US Federal Reserve will enact a greater-than-expected interest rate hike next week. The markets are currently pricing in the 30% chance that the Fed delivers a 100-basis-points rate hike. For one, ex-Treasury Secretary Larry Summers is calling for a 1% hike.
The markets are now pricing in a 30% chance of a 75-basis-points hike because US inflation subsided less than expected (8.3% vs 8.1% expected) on Tuesday. However, the worst data point is the 0.1% increase in core CPI (excludes volatile energy and food prices), a shocking result after the markets got used to the idea that inflation (in all its measurements) had peaked.
XAUUSD TECHNOCAL ANALYSIS
XAUUSD broke out the raising wadge yesterday 1H time frame, it badly fall in cpi news release +350 pips, I had BUY LIMIT @1697 WHICH GOT TRIGGERS YESTERDAY only still there's more space to fall more expected next wick fill @1688, overall xauusd is in a downtrend, I will add 1 layer @1685 for the long position
XAUUUSD LONG PROJECTION XAUUSD BUY PROJECTION
Technical and fundamental Reason for the XAUUSD LONG
1. Last week friday 1d candle closed above the support region of 1710 and denotes the bullish monemtum
2. single candle confirmation indicates bullish as it formed teh Inverted Bullish hammer (Bullish move continued)
3. Formed teh Triangle flag patterna and push higher
Fundamental Reason
DXY reached the 20 year High and retest teh montly low of 108.00 in the following days as expexted
Overall Projection
XAUUSD/GOLD BUY @ 1710-1715
Stoploss - 1690
Target - 1769
Target and stoploss will vary according to the market change and it just an financial advive not a confirm call
Gold XAUUSD Technical Analysis UpdateAs you can see on the Gold XAUUSD chart, The price has reached a significant support level and it's possible that it forms a double bottom pattern and pushes the price higher to the trendline. In the lower time frame based on the minor levels we can look for breakout patterns or pullbacks to open the trade for the TPs. On the dollar index ( DXY ) the reversal pattern hasn't formed yet so this analysis 60% can be correct.
Wish good luck for everyone
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XAUUSD SELL KISS 1680 AGAIN XAUUUSD SELL OPPORTUNITY
SELL @ 1730-1745
Target Price 1680
Stoploss Price 1770
Reason For GOLD XAUUSD SELL
1. Obay DAY candle support and bring rejection and tends to sell
2. Clearly formed BEARISH ENGULFING and make possible t fall again
3. Fundamentally the intrest rate may hike for short while
Gold Next Move what next 1680 ? #xauusd Hello Everyone Gold Broken His Support At 1714 Now All EYES ON 1705 if break this level then we can accept more down side trend till next support 1680 #dxy is also looking bullish already broken his previews high so we can accept more down side on gold
#xauusddaily
#xauusddailychart
FOREX GOLD XAUUSD LONG and SHORT support and resistance 23-08-20FOREX GOLD XAUUSD LONG and SHORT support and resistance 23-08-2022
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 should buy or sell
FOREX GOLD XAUUSD LONG and SHORT support and resistance 20-08-20FOREX 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 should buy or sell
XAUUSD WEEKLY CHART ANALYSISXAUUSD - Weekly analysis in Gold.
1680 will major support for Gold. Gold is Trading in downward chanel. We can see pullback in next week from 1680 to 1760.
If 1680 Breaks , we can see more down side levels - 1650 , 1600.
If we can see pullback after 1680 Support level test, Then only look for buying side...
(My Personal views on gold - Educational Purpose only.)
Please comment , If you have any suggestions or if you agree with this idea.