As predicted earlier gold is on a bullish run which had a deep correction down to 1910. Price continues to trade above 1920 which will act as a pivot point for the current trading setup. sAME RISK MANAGEMENT HAS TO APPLY IN THIS SETUO AS WE TARGET A BULLISG=H TREND TOWARDS 1950 and 2000 Q1
Following the current bullish trend, the minor bearish wave on lower timeframes is coming to a halt. Gold is supported by the strong level at 1920 and 1900 respectively, which will be enough volume to see it soar towards 1953 and 1980, the remaining porting of q1 2023. We will have to wait and see how these two support levels behave before entering long and daily...
Very Crucial Level for dollar #DXY if its returned from this level we may see big rally and supose if it breakdown this level there will be very deep downside and #Gold XAUUSD will rise to new high if dxy break this multi week demand zone .
Trendline is already broken lets see wether dollar takes support here or not .
#Dollar #Gold #XAUUSD
If you get any reversal pattern, you can sell XAUUSD NEar 1942-44 and one can buy near 1918-20 if they get any reversal pattern in 5 min chart like Hammer folowed by engulfing candle.
If it breaks the 1915 level on closing basis, then we may see 1890-1865 level very soon. I am expecting that after touching the price of 1944, it will touch 1890-1865 level for a...
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
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Reason for XAUUSD SELL
1. Bearish Engulfing Confirms Further Sell Movement in Day Candle
2. Rising Wedge Pattern Confirm Short Correction in Uptrend
3. Ready to defend resis of 1960 and move short towards 1910 and clear Break below 1910 confirm next to 1870
Fundamental Reason
DXY approaching Support @ 101.50 Now and clear obey these support Lead to XAUUSD...
DISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex...
As per the Fibonacci we can see that the Gold has reached its 1.618 levels of 1920 in 15 min time frame.
There is a supply Zone which has not been tested.
If Possible one can take trade at the supply zone.
Buy @ 1897-1898
Target - 1904/1909/1917
This is just an view no buy or sell trade is given.
Do trades at your own risk
well, as you can see.
the price of gold finally reached in supply zone
wait for price reaction this anaylsis just for education purpose.
in this week we also have to wait for important news of US CPI. may be gold start going down in CPI news.
or may be gold go up side beacuse of inflaction in US.
DXY are also on his trend line may be DXY go up side or break...
I am projecting one week forecast for XAUUSD and all support and resistance points are mentione with TPs on the chart...
Do your own research before entering into the volatile market...
I am LONG with xauusd.....
