GOLD SELL SETUP TRADE WIH 1:7 RISK REWARDGOLD SETUP TRADE WIH 1:7 RISK REWARD
A good falling detected on GOLD
It's showing a fall due to these reason
1. It's following THE 1D trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bearish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
Follow for more
GOLD SETUP TRADE WIH 1:7 RISK REWARD
A good falling detected on GOLD
It's showing a fall due to these reason
1. It's following THE 30 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bearish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
Follow for more
Xauusdforecast
GOLD SETUP TRADE WIH 1:10 RISK REWARDGOLD SETUP TRADE WIH 1:10 RISK REWARD
A good Buying detected on GOLD
It's showing a fall due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
A good Buying detected on GOLD
It's showing a fall due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
GOLD SETUP TRADE WIH 1:10 RISK REWARDGOLD SETUP TRADE WIH 1:10 RISK REWARD
A good Buying detected on GOLD
It's showing a fall due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
A good Buying detected on GOLD
It's showing a fall due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
GOLD SETUP TRADE WIH 1:6 RISK REWARDGOLD SETUP TRADE WIH 1:6 RISK REWARD
A good Buying detected on GOLD
It's showing a fall due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
A good Buying detected on GOLD
It's showing a fall due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
XAUUSD 15M BUY PROJECTION
XAUUSD can be influenced by global news and economic data releases, but its price does not fluctuate as rapidly as that of stocks, cryptocurrencies and other risky assets. In times of economic uncertainty, investors use gold to save their funds. Knowing their funds are safe.
XAUUSD 4H DECENDING TRIANGLE PATTERN FORMED 30.05.24A descending triangle is a bearish chart pattern in technical analysis that's characterized by two trendlines: a descending upper trendline and a second, flatter horizontal trendline that's lower than the first. The pattern is formed by a series of lower highs that meet the flat support line at the bottom
29th MAY GOLD ANALYSISCurrent Price Movement
Support Zone: 2348 - 2343
Resistance Level: 2370
Correction Phase: 2348 - 2343
The gold price is expected to correct downwards to the support zone between 2348 and 2343.
Reasons for Correction:
Profit-taking by short-term traders.
Testing previous support levels to establish a stronger base for the next upward move.
The gold price is currently undergoing a correction phase within the support zone of 2348 - 2343. It is expected to rebound and test the resistance at 2370 if the technical indicators align with the bullish scenario. Continuous monitoring of the moving averages, RSI, MACD, and volume will provide insights into the strength and direction of the next price movement.
This analysis should be supplemented with up-to-date market news and fundamental factors that could impact gold prices, such as economic data releases and geopolitical developments.
28th May GOLD ANALYSISCurrent Market Overview:
Gold is currently exhibiting a fluctuating trend influenced by a mix of global economic factors, including interest rate decisions by major central banks, geopolitical tensions, and fluctuations in the U.S. dollar. As of the latest data, gold prices are trading within a range, showing both bullish and bearish signals.
Technical Analysis:
Gold's price action suggests a potential for both upward and downward movement within specified zones. Key technical indicators such as moving averages, Relative Strength Index (RSI), and Fibonacci retracement levels are being considered to determine optimal entry and exit points.
Trade Plan
Sell Zone: 2366-2370
Entry Point: Initiate sell orders within the range of 2366 to 2370.
Rationale: This zone is identified as a potential resistance level where selling pressure is expected to increase. Historical price action shows multiple rejections at this level, suggesting a strong sell-off point.
Buy Zone: 2338-2341
Entry Point: Initiate buy orders within the range of 2338 to 2341.
Rationale: This zone is identified as a potential support level where buying pressure is expected to increase. Historical price action indicates strong buying interest at this level, making it a strategic entry point for long positions.
XAUUSD 1H BUY PROJECTION 28.05.24KEY POINTS:
U.S. PCE data due on Friday
Traders price in about 62% chance of rate-cut by November Vietnam's central bank to stop domestic gold auctions
Gold prices held steady on Tuesday as the dollar eased, while investors looked forward to key U.S. inflation data that could offer clues on how soon the Federal Reserve can cut interest rates.
Spot gold
GOLD
was flat at $2,350.85 per ounce, as of 0350 GMT, after rising about 1% in the previous session.
U.S. gold futures
GOLD
rose 0.8% to $2,352.00.
23rd May Analysis of Gold Price Overview
On May 22nd, the price of gold experienced a notable decline, falling from $2415 to $2375. This sharp movement could be attributed to various market factors, including economic data releases, changes in investor sentiment, or geopolitical events. As we look at the price action on May 23rd, gold is anticipated to retest the $2397-$2400 zone. However, there is a prediction that it may fail to establish a head and shoulders pattern, indicating potential future movements.
Technical Analysis
Price Decline on May 22nd:
Support and Resistance Levels: The sharp decline from $2415 to $2375 suggests that there was a strong resistance at the $2415 level, which sellers capitalized on, pushing the price down to $2375, a significant support level.
Volume and Momentum: It's crucial to analyze the trading volume during this decline. High volume on the way down indicates strong selling pressure, which might suggest a continuation of the downtrend if the buyers do not step in.
Retest of $2397-$2400 Zone:
Importance of the Zone: The $2397-$2400 zone is a critical area. If gold manages to break above this zone, it could signal a potential reversal or continuation of the uptrend. Conversely, if it fails to break through, it might indicate that the downtrend will persist.
Indicators to Watch: Pay attention to key technical indicators such as the Relative Strength Index (RSI), Moving Averages, and the Moving Average Convergence Divergence (MACD). These will provide insights into the strength and momentum of the price movement.
Head and Shoulders Pattern:
Pattern Characteristics: The head and shoulders pattern is a classic reversal pattern that signals a potential change in trend direction. A successful pattern consists of a peak (head) between two lower peaks (shoulders) and a neckline that connects the lows.
Prediction of Failure: If the price fails to break above the $2397-$2400 zone and does not complete the head and shoulders pattern, it could indicate that the bears are still in control. This failure might lead to further declines, potentially testing lower support levels such as $2350 or $2300.
Conclusion
The price action on May 23rd is crucial for understanding the future direction of gold. The retest of the $2397-$2400 zone will be a significant indicator of whether gold can regain its upward momentum or continue its recent downtrend. Traders should closely monitor the price action, volume, and technical indicators to make informed decisions. A failure to break through the critical zone and establish a head and shoulders pattern could signal further bearishness in the gold market.
#XAUUSD Has Already Acquuired Big Liquidity For NFP Data As expected, the market movers executed a well-coordinated setup to clear out sellers who had entered short positions below 2300. This move triggered stop losses for sellers. Subsequently, after reaching 2320, many buyers entered the market anticipating a further rise towards 2350. However, the market makers took advantage of this, triggering stop losses for both buyers and sellers, thus achieving the necessary liquidity for a significant movement ahead of tomorrow's NFP.
I anticipate that during the NFP release, we may witness a move towards 2200-2180 if we observe another H4 closing below 2290.
Once We Get H1/H4 Closing Below 2295 We Can Sell Till 2286-2280 with Sl around 2305 .If H4 Closes Below 2290 Than It Will Confirm Our Bearish Trend And We Can Expect 2260-2200.
XAUUSD 13.04.24 SELL & BUY PROJECTION Reson For Sell
1.Reached all time High and Seller Pushes to Lower
2. Breaked Support @ 2365
3.Retesting the Breaked Zone
Reason For Bullish
1. Obey Trendline $ Support @ 2310-20
2.Fundamendal News and Politics
Overall Possible Outcomes
XAUUSD SELL 2355-60
SL 2370
TP 2320
XAUUSD BUY 2310-2320
SL 2270
TP 1 2360
TP 2400
TP 3 2430
XAUUSD BUY PROJECTION 07.04.24Reason Behind Buy
1. Breaked Resistance @ 2310
2. Will Retest Trendline + Support @ 2310
3. Next XAUUSD/GOLD Move towards last week High 2331
4. Jio Politic War - Reason 1
5. US intrest Rate - Reason 2
Overall Possible outcomes
XAUUSD BUY @ 2295-2310
SL 2267
TP 2330
TP 2 2400