Xauusdshort
XAUUSD: Next week!Greetings traders, I have valuable information to share with you ♥
Historically, January and August have been the most profitable months for gold, but in the past 25 years, March has consistently been the least profitable. The recent increase in gold prices can be attributed to a decrease in USD and yields after a significant shift in Fed rates. However, the future of gold prices will be largely influenced by the trajectory of US rates. If the Fed increases rates aggressively and discusses rates reaching 6%, gold prices will likely decrease even further. This could be further intensified by the typical decrease in gold prices during the seasonally weak month of March.
March is seasonally weak for Gold
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XAUUSD (Gold ) Analysis for next week 17 April - 21 AprilWe can see the gold the retesting the yesterday high's again , it may be just a bull trap before dropping to test the HKEX:2000 on the daily bear flag or dropping below that can swing the reversal to supports at TSE:1980 and then $1950. It can form the M here or if it broken can test ath of TSE:2070 which is much less likely as it may go to test TADAWUL:2100 psychological levels . If you see rejection here around TADAWUL:2050 - TSE:2055 , then definitely it may retest at HKEX:2007 or HKEX:2000 today .
Trade accordingly
XAUUSD ENTRY TAKEN ON LOWER TIMEFRAMEMaxmum trades i taken on lower time frame 1 min and 5 min so cannot able to post trades.
Take a small time short entry on xauusd on Thursday due to condition matched on my strategy.
I basically missed 2 entries so i try to enter atleast one suitable entry so i switched chart to lower time frame 5 min then market gives a BOS on 5 min on downside,
Then i wait for a small inducement on 1 min timeframe that taken by next 1 min move then i take multiple entries.
As per my strategy rule i take entry on 1 min choch confirmation and liquidity taken take sell entries.
Put sl above the liquidity taken candel on small timeframe.
So that my sl is very close very little so its very risky trade to enter just one small move can take sl.
Market trying to take my sl 3 times but my sl protected due to perfecr entry.
Then after few minutes market gives second oppertunity to reenter i enter with same rules and same market try to take sl but cant.
Sl is very little.
I cannot show you my 1 min timeframe entry due to trading view rules cant share my idea below 15 min .
#Gold #XAUUSD downward movement potential with risk:reward= 5.2 #Gold #XAUUSD downward movement potential with risk:reward= 5.2
Analysis of Gold spot/US Dollar i.e XAUUSD
Time frame:15 minutes
What is the analysis?
Break out on the upper side and reach the target. MACD Is crossing below zero, so we can expect a downtrend movement with risk:Reward=5.2.Sell at 2020 with SL 2035 and target 1871.
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NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading