15 min Buy Projection if possible 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
Xauusdlong
XAUUSD WEEKLY CHART ANALYSISwell, 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 the trend line and gose down. be care full and wait for CPI News.
Thank You
Sell idea on Gold - H1Gold has printed bearish flag on hourly candle, we expect bearish move if price break the flag for bearish continuation.
Note:
All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit.
I post and share for educational purposes hence no idea we publish should be considered an investment advice.
I mostly share ideas with more than normal conviction, meaning I mostly share ideas with High conviction.
You can check all my work, you can understand my style of analyzing market, please if you like my work do help me earn reputation and like, comment on my ideas, we can discuss more here.
XAUUSD Next MoveFresh week Fresh projection of xauusd as for now its local support is 1744 if broken then next downward level will be 1735-1733 and if any news hits then the next level will be 1720-1716
I am putting buy limit at 1720
In reverse scenario, you can check my previous chart for long projection...
This is my own calculation and I am not forcing you all to follow my idea because market is volatile and anything can happen...
Please do your own research before entering into the market...
XAUUSD Next Move One Week ProjectionAs per previous chart history, XAUUSD can be move upward or downward as per the local support, major support. Do your own research before entering any trade (short or long)
Buy Stop @1752
TP1 @1770
TP2 @1790
TP3 @1805
Sell Stop @1767
TP1 @1752
TP2 @1745
Local Support @1745 - 1740
Buy Limit @1720
For Long after reversal from the Major Support Line @1696.973
xauusd chart for referencegold looks like a buy here. The break of the falling wedge is great to visit the 1790s level it's like a 200pip trade that will take approximitly 1 week. Hope it will affect on the cryptocurrency market and we will visit the 20k area on Bitcoin, or at least it'll be good for us the know the direction of the market