Xauusdidea
XAUUSD SELL BEARISH PENNET + TRENDLINE RESISTANCE |24.02.24 Reason Behind Fall
1. Bearish Pennet Chart Pattern Formed
2. Obey Strong Trendline & Resistance @ 2048
Reason For First Buy
Breaked Resistance 2031 and moving towards Next Resis 2048
Overall Possible Outcomes
XAUUSD SELL @ 2048-50
TP 1 2030
TP 2 2010
TP 3 1985
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In GOLD we got weekly BUY CHOCH @01dec2023 (in Daily we got buy BOS)
And we got a HEAD AND SHOULDER formation @28dec2023(Daily)
1st buy correction 4H- sell CHOCH @17jan2024
2nd 4H-sell BOS @13feb2024
now the market @ 50% fibo of weekly of that sub-swing
In here we got 2 entry
2029(flip entry)
2031-2035 is the main sell entry
We took this entry bcz of our strategy works here..
IF THIS CROSS 2044
Next strong zone will be 2054(Flip entry)-2064(main entry)
i think it will RED ROSE soon
bcz 2044.5 is the H&S -trendline retracement
so this 2029-2032-2035 entry will be more strong one for sell
Targets based H&S (head top to neckline)
1st target 1986
2nd 38% target 1975
3rd 50% target 1950
4th 100% target 1860
BECARE FUL
DAILY sell CHOCH will be 1973 if cross and close down then only sell trend will be confirm in daily
XAUUSD ASCENDING TRIANGLE PATTERN 07.01.24Reason behind the Buy Projection
Tecnical Reasons
1. Bullish Spinning Top In both Single/double Candlestick
2.Three Line Strike in Trible candlestick
3.Ascending Triangle pattern Formed
4 Keyfactor
* Obey Strong Trendline @ 2030-40
* Obey Fibo Golden ration @ 2017
Fundamental
Formation of Bearish Spinning Top in DXY pushes Lower and obet Trendline
Overall Possible Outcomes
XAUUSD BUY @ 2020-2030
SL 2000
TP 1 2074
TP 2 2100\
TP2 2154
XAUUSD BUY PROJECTION|NEW HIGH EXEPECTEDReason Behind the Bullish
1. Bullish Inverted Hammer In Single Candlestick Pushes Higher
2. Three Outside Up candlestick Make the Buying Pressure and make continue of Uptrend
3. Breaked the Support 2045-50 last Week
Overall Possible Outcomes
XAUUSD Buy @ 2030-45
Sl 2015
TP 1 2060
TP2 2090
TP3 2150
XAUUSD amid rising political tensions Gold prices (XAU/USD) hovered around $1,950 after retreating from the two-month high of $1,962 in early Asian trading on Thursday. The precious metal's rebound was bolstered by escalating political tensions in the Middle East, driving the flow towards safe-haven assets.
Meanwhile, the US Dollar Index (DXY), measuring the USD against six major currencies, rose to 106.55. US Treasury yields surged, with the 10-year Treasury bond yield reaching 4.911%, the highest since 2007, while the 2-year Treasury bond yield remained at 5.229%.
On Wednesday, Federal Reserve officials reiterated their stance on maintaining interest rates. These comments pushed US bond yields higher, reflecting strong growth prospects in the US. Federal Reserve Governor Christopher Waller stated that it's too early to determine if there's a need for further policy rate actions, suggesting a wait-and-see approach. New York Fed President John Williams emphasized the central bank's need for a gradual monetary policy to curb inflation, indicating that the policy trajectory depends on data.
Moreover, the ongoing political conflict between Israel and Hamas remains a focal point. Gaza authorities reported Israeli airstrikes killing 500 people at a Palestinian hospital on Tuesday, while Israel claimed the casualties resulted from a Palestinian attack. Escalating political tensions in the Middle East and market instability might drive demand for traditional safe-haven assets like gold.
Gold traders will monitor the US Unemployment Claims and Philly Fed Index, as well as Existing Home Sales data later on Thursday. Additionally, Fed Chair Powell is expected to deliver a speech. Market participants will interpret signals from the data, seeking trading opportunities around gold prices.
Gold prices have adjusted after a series of increases last week.OANDA:XAUUSD The price of gold (XAU/USD) is experiencing a remarkable surge on Friday due to escalating geopolitical tensions in the Israel-Palestine conflict.
In times of uncertainty, traders are turning to the precious metal as a safe haven, while the US dollar (USD) is also strengthening.
The escalation of the conflict in Gaza has led Israel to shift its focus from aerial to ground operations, causing an increase in geopolitical tensions and strengthening safe-haven assets.
The worsening consumer sentiment in the United States and the dovish comments made by Philadelphia Fed President Patrick Harker have added pressure to US Treasury yields.
XAUUSD DOWNTREND CORRECTION STARTED 08.10.23Reason Behind the XAUUSD Bullish Setup
1. Fake candlestick Formation due to Obey of trendline and support @ 1810
2. Double Candlestick Confirms Half Confimations Bullish Engulfing and make the higher Movement
3.Three strike Line formed in trible candlestick and make Bull Movement
4. Hikake Bullish Setup takes the XAUUSD to Higher and breaked 1925
5. Decending Broadaning Formed and push the correct over the trend line @ 1900
Overall Possible Outcomes
XAUUSD BUY @ 1810-1825
SL 1780
TP 1 1860
TP 2 1880
XAUUSD Sell Continue & Bearish SpinningReason Behind the Sell
1. Bearish Spinning Top the further Sell side Movement towards Swing low of 1905
2. Symmetrical Triangle Bearish Continuation and Sell trend Expected teh breakout and TReady for strong Sell Movement
3. Obey Resis ,Trendlien and retest the previous High
Overall Possible outcome
XAUUSD SELL @ 1940-45
TP1 1905
TP2 1965
XAUUSD SELL+SYMETRICAL TRIANGLE 10.9.23Reason For First Bullish
1. Inverted Bullish Hammer
2. Fake Bearish Spinning Top wgich make the retracement towards the Nearer Resis 1937-40
Reason For FALL/SELL
1. Double Top Formation @ 1940
2. Obey Strong Resistace and trend lINE @ 1940
3. Symmetrical Triangle Breakout Over Sell region Expectecd
Over Possible Outcomes
XAUUSD SELL @ 1935-40
SL 1955
TP 1910
TP2 1870
XAUUSD SELL PROJECTION WITH RSI & STOCHASTIC STRATEGY Reason Behind XAUUSD Sell Projection
1. Stochastic Overbought above 80 and ready to make a Fall
2. RSI 14 Below 50 Which Makes the sell trend In 1h Timeframe
3. Market Clear ON Downtrend and Make the Sell Direction
Overall Outcomes
XAUUSD SELL @ 1920-23
SL 1927
TP 1910
XAUUSD BEARISH SPINNING TOP + SELL PROJECTION 27.08.23Reason Behind the Sell Projection
1. Market Clearly on Strong Downtrend.The Bearish Spinning Top candle Stick Pattern Confirms the further Sell Movement towards 1890 which last week Low
2. Fibo retracement Indicator indicates the assset reach the swing High 1924-1930 and then Make continuation of trend
3. Breaked the support @ 1915 and retesting teh area Again
Over all Possible Outcomes
XAUUSD SELL @ 1924-1930
SL 1955
TP1 1900
TP 1854