Xauusdlong
XAUUSDA falling wedge is a chart pattern that is used in technical analysis to indicate a potential reversal in the direction of an asset’s price. It is characterized by a narrowing of price action as the asset moves lower over a given period of time. If the price breaks out of the wedge in an upward direction, it can be seen as a bullish signal and a potential long position may be taken.
XAUUSD Setup for Next Week 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 bigger upmove.
Mind Numbing Consolidation PhaseMy overall view is still Bullish on gold Xau , but until that CPI report confirms softer inflation gold is going to hover into this downward consolidation which the institutions gonna pick up liquidity from as well as retail traders , we did stupendous profit this week next week we'll arrive with more precise ideas and profits happy weekend everyone!
XAUUSD BUY PROJECTION AFTER SHORT SELL ANALYSISTechnical Reason Behind the Buy
1. Retest the Support and trendline of 1830-1840 after the Huge Fall
2. If the Market retest tehZone of 1830 then See a Clear Strong Sell Candle which make the THree strike whiteline Pattern Formation and make the Further buy
Fundamental Reason
1. Dxy clear Downtrend in 1d candle and Make teh short Buy correctioj ober 103.8
2. After the retest Gold Moves to 1830 and after the Downtrend Continuation tha XAUUSD maker Higher high to 1960
Over all Possible outcomes
XAUUSD BUYLIMIT 1830-40
TP 1940
SL 1810
XAUUSD 4HDISCLAIMER: 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 implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
Gold is still bullishAs 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
Gold about to go longFollowing 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 levels falling below 1900 will invalidate the bullish momentum at least for q1. Fundamentals will aid in deciding an optimum trade entry long. Today is the last trading day for January, you might want to follow the W1 close and hunt for safe entries before NFP next month.
XAUUSD Ready For Fall After ConsoidateReason 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 Fall
Overall XAUUSD
SELL LIMIT @ 1955-1960
SL 1970
TP 1970
XAUUSD SELL LIMIT @ 1945Reason 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
GOLD 1H BUYDISCLAIMER: 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 implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.