Reason For XAUUSD Bullish
1. Technically Formed Double Bottom Formed
2. Doji Candle Confirm the further Uptrend Movements
3. Breaked Out 1830 & 1845 and Further Movement towards 1880 and Higher
Overall Possible Outcomes
XAUUUSD BUY @ 1850
SL 1820
TP1 1880
TP2 1920
TP2 1960
Reason For XAUUSD Buy
1. Breaked the Resistance of 1830 and retest again for Further Pullback
2, RSI 14 Above 50 and further upside Move
3. Stochastic oscillator Below 30 and tends to future Bullish Movement
Technical 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...
XAUUSD 1H SELL PROJECTION
Reason behind Fall
RSI 14 above 50 and make Bullish in 1H time Frame
stochastic Indicator indicates Overbought an tends to Fall
Possible Outcomes
GOLD SELL 1668.28
SL 1678.00
TP 1648.50
One of the largest moves caused by the unexpected US inflation data has been in gold.
Gold has finally broken through the monumentally important support level of $1,680 and has pushed all the way down to ~$1,660/oz. Gold achieved this huge break to the downside in one four-hour period.
Before this, gold was already feeling the downside pressure, experiencing...
XAUUSD BUY PROJECTION
Technical and fundamental Reason for the XAUUSD LONG
1. Last week friday 1d candle closed above the support region of 1710 and denotes the bullish monemtum
2. single candle confirmation indicates bullish as it formed teh Inverted Bullish hammer (Bullish move continued)
3. Formed teh Triangle flag patterna and push higher
Fundamental...
Gold 15 min Trend is Down. This is Just Pullback in 15 min time frame. So in lower time frame trend is down, look out level for short 1705 to 1700 & For Buy 1700 to 1680. As i say always Go with the confirmation. Good Luck For Next Week.
