Xauusdanalysis
Xauusd breakdown, and out look14th of October 2021
Identify, plan and trade:
It's important when looking for a trade to follow a strict plan.
IDENTIFY: We have identified GOLD in line with our trend strategy.
LAN: The 4hr chart on Gold shows the price breaking out of the key range after the recent CPI data. The USD index is falling and giving gold prices a boost. If the price retests the previous range, we could see a continuation of the bullish move.
Trading Signal For Gold Trading Signal:
There is a Trading Signal to Sell in Gold XAUUSD
Traders can open their Sell Trades NOW
Rank : ⭐️
⬇️Sell now or Sell on 1769.56
⭕️SL & Buy 1783.46 ( Buy Target 1818.50 )
🔵TP1 @ 1715.61
🔵TP2 @ 1686.15
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GOLD ranging...and UP AGAINAs I said last weeks since March 21..after 4 months in which all my analyzes about GOLD were almost perfect,
...exactly as we expected ... GOLD rejected from the Fibonacci zone o.5 and reached the zone 1794 as I said!
in this area I will wait for an extended range and I will enter the trade only at a close for at least 1 day over 1793 or below 1760
THIS WEEEK...GOLD has been out of range for the past few months and closed below Fibonacci 0.5 again!
for this reason, even if maybe it will go up and reach the 1790 area, I think that in the next period the new range will be between the Fibonacci area 0.5 and 0.618
however ... a closure even for 1 day over the 1790 area will make me reanalyze the entire strategy
GREAT ATTENTION:
*This information is not a Financial Advice.
XAUUSD ANALYSIS 1 DAY LONG CALL WAIT AND WATCH 1750 TO 1900 ❤️ If you find this helpful and want more FREE forecasts in TradingView
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STOP LOSS 1670
BUY ZONE 1730 TO 1750
ALL TP HIT BUT WAIT
GOLD ranging...and UP AGAINAs I said last weeks since March 21..after 4 months in which all my analyzes about GOLD were almost perfect,
...from my last analysis made on May 4 ... GOLD climbed and reached 1836 as I said from where he rejected and returned again in the Fibonacci area 0.5 from where ... UP AGAIN towards 1794 and even 1836!
THIS WEEEK...exactly as we expected ... GOLD rejected from the Fibonacci zone o.5 and reached the zone 1794 as I said!
in this area I will wait for an extended range and I will enter the trade only at a close for at least 1 day over 1793 or below 1760
GREAT ATTENTION:
*This information is not a Financial Advice.
💡GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support of 1744.50, resumption of uptrend is expected.
We make sure when the resistance at 1916.50 breaks.
If the support at 1744.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades , if the Midterm level 1744.50 is broken.
Technical analysis:
A peak is formed in daily chart at 1832.65 on 07/29/2021, so more losses to support(s) 1762.55 and minimum to Major Support (1744.50) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 32.
Take Profits:
1762.55
1828.25
1875.15
1959.30
2075. 05
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. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
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ForecastCity English Support Team ❤️