Xauusdshort
XAUUSD AGAIN READY FOR WATERFALL 18/09/22Fundamental & Technical Reson For GOLD XAUUSD Fall in upcoming Week
Technical Analysis
1.Market closed beloe 1780 and breakout confirmed
2.Retest Will happen over 1654 whicjh is Last week Low
3. Clear Downtrend Continuation For Six Month
Fundamental Analysis
1. DXY ready for the rakky of 115 which presently retesting 110 which is 20 years High
2. Prelim UoM Consumer Sentiment Last week news Impact and made teh USD again stronger
XAUUSD SELL 1775-1780
SL -1710
TP-1630
700 pip downside move in goldOne 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 a drop from ~$1,730 to ~$1,700 in the immediate aftermath of Tuesday’s US inflation data.
Total movement to the downside in gold since Tuesday now sits at around 700 pips.
Gold weakness is being driven by the expectation that the US Federal Reserve will enact a greater-than-expected interest rate hike next week. The markets are currently pricing in the 30% chance that the Fed delivers a 100-basis-points rate hike. For one, ex-Treasury Secretary Larry Summers is calling for a 1% hike.
The markets are now pricing in a 30% chance of a 75-basis-points hike because US inflation subsided less than expected (8.3% vs 8.1% expected) on Tuesday. However, the worst data point is the 0.1% increase in core CPI (excludes volatile energy and food prices), a shocking result after the markets got used to the idea that inflation (in all its measurements) had peaked.
SILVER VIEW silver is sell on rise as there is no change in the fundamentals yet so break above the given resistance line is not seen in near future so we continue to drop in the downward channel also it depends on the behaviour of dollar index and cpi data of usa so upcoming Data can be used as a trigger for change in the fundamentals and can help silver to get above the resistance and shine again Till the time we are experiencing low industrial demand.
Trading Signal For Gold XAUUSDTrading Setup:
There is a Trading Signal to Sell in Gold XAUUSD Currency Pair.
Traders can open their Sell Trades NOW
⬇️Sell Now or Sell on 1759.99
⭕️SL@ 1767.55
🔵TP1@ 1744.45
🔵TP2@ 1729.25
🔵TP3@ 1713.65
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
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FOREX GOLD XAUUSD LONG and SHORT support and resistance 23-08-20FOREX GOLD XAUUSD LONG and SHORT support and resistance 23-08-2022
GOLD SIGNALS
FOREX LEVELS TODAY
TODAY GOLD LEVELS
BUY SELL GOLD
#forex #gold #xauusd #xauusdsignals #technicalanalysis
Mercury Technicals is not an investment advisory service, or a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities customers should buy or sell
FOREX GOLD XAUUSD LONG and SHORT support and resistance 20-08-20FOREX GOLD XAUUSD LONG and SHORT support and resistance 20-08-2022
GOLD SIGNALS
FOREX LEVELS TODAY
TODAY GOLD LEVELS
BUY SELL GOLD
#forex #gold #xauusd #xauusdsignals #technicalanalysis
Mercury Technicals is not an investment advisory service, or a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities customers should buy or sell
XAUUSD SELL|US-CHINA WAR UPDATEXAUUSD STRONG SELL
Entry Price 1775-1793
Target Price - 1681.00
Stoploss - 1815.00
Reason for XAUUSD SELL in Next Week
1. Obey strong downtrend line of 1790
2.Obey the strong support of 1783 and have not closed above the price of the in day candle and made a rejection
3. Formed a Falling bearish Wedge Pettern
4.Bearish Spinning and bearish harami Indicates teh buyers leave the market and made way for sellers
Alternative Target for Buy
If the US-CHINA war begin we can expext a trend change and expext a strong BulliSH Momentum