US inflation is still trending well above the Fed's annual target, which is still likely to signal at least one more rate hike this year. Rising interest rates are bad for non-yielding assets like gold, as they drive up the opportunity cost of holding gold. This trade has broken gold until 2022 and has limited the yellow metal's gains so far this year. SELL...
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
Reason Behind XAUUSD Sell 1. Last Week Core CPI News Make the Asset to Move higher fundamentally whixh make the Break Resis 1940 and Later 1950 and presently located @ 1960 Which Over Immediate Support 2. Clear Rejection Over W Pattern due to Tecnical fIbo retracement @ 1980 which is also our Previous Support which react as major Resis Now Overall Possible...
Reason Behind SELL Projection 1. Breaked Support 1910 and retest For further Fall towards 1890 2. RSI 14 Below 50 which trends Bearish Trend IN 1H 3. Stochastic Overbought 5,3,3 Which make the asset Fall Overall Possible Outcomes XAUUSD SELL @ 1913 SL 1922 TP 1 1900 TP 2 1890
Reson behind the XAUUSD SELL 1. Technically Candle stick formed the Bearish Engulfing Which pushes the Safe heaven to Montly Low 1880 2. Bearish M Pattern formed and make the Target to 1880 which break through 1930 which is last week support 3. Fundamentally DXY break the 102.8 and make the continue in uptrend which make XAUUSD lower Overall Possible...
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
Reason For XAUUSD Fall 1. Breaked Out 1930 and ready to retest 1945 2. Stochastic and rsi indicates Bullish momentum Fundamental Reason 1. If DXY break 101 and fall then gold will retest 1945 and later 1960 2. If take support here then gold may fall upyo 1899 Overall XAUUSD SELL LIMIT 1945 SL 1960 TP 1869
🔹FX SIGNAL GOLD SELL 1629.30 SL 1640.00 TP 1615.50 Reason For Short SELL 1. RSI below 50 and tends to be bearish in 1H trend 2. Stochastic Indicates sell due to asset overbiught and cross below 80 and confirm sell For more Follow us
Reason For XAUUSD Sell GOLD SELL 1652.28 SL 1659.00 TP 1620.50 1. Fibnoacci Support @ 1654 2. Retest Weekly low as the Technical Factor 3. RSI 14 below 50 and tends to sell 4. Stochatic overbought In 1h
Time Frame: 4H Symbol: XAUUSD Entry: 1716.199 TP: 1681.216 SL: 1739.071 Bias: Short The price pattern of this pair is denoting a bearish bias . We are planning a sell trade for the time being.
Time Frame: 4H Symbol: XAUUSD Entry: 1744.078 TP: 1714.521 SL: 1771.752 Bias: Short We are planning a short trade considering the strength of dollar and the counter position of the instrument against it.