XAUUSD Overall Outcome
GOLD SELL 1744.20
ReASON For SELL
1. RSI 14 @ 50 and tends to be bearish
2. Stochastic indicator is over bought and tends to be bearish ans retest the yesterday Low of 1731
Reason for XAUUSD 1H Bullish
1. Stochastic Oversold in 1H Time frame and tends to Bullish
2. RSI 14 ISabove 50 and Bull trend in 1H
3. Clearly Obey Fibonacci retracement of 1669 whicj is golden ration
4. Retest the yesterday Low and make a Bullish
GOLD BUY 1672.80
GOLD SELL 1629.30
Reason For Short SELL
1. RSI below 50 and tends to be bearish in 1H trend
2. Stochastic Indicates sell due to asset overbiught and cross below 80 and confirm sell
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GOLD BUY LIMIT 1620-25
Reaon For XAUUSD GOLD BUY
1. Retest Yearly Low and rebound the major Resistance
2. Fibonacci Indicates teg Bullish
3. RSI over sold an tends to be bullish
Double top breakout in #xauusd. I think will get confirmed after this weeks #FOMC whether is a false one or not.
If confirmed, minimum target = 1450/1400$
Technically, dollar index #dxy looking bullish in longer time frame so quite possible of the #gold targets given above. Only time will tell.
gold is getting strong from intraday perspective, not only gold but GBPUSD (since they have co-relation). i think its will be a nice trade since they both are also forming ascending channel.
NOTE : only for education purpose.
ALL THE BEST!
FOREX GOLD XAUUSD SUPPORT AND RESISTANCE LEVELS || 25/07/2022
FOREX LEVELS TODAY
TODAY GOLD LEVELS
BUY SELL GOLD
#forex #gold #technicals
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Gold Price is giving back the early recovery gains, as bulls face stiff rejection just below the $1,750 barrier once again. An unexpected negative shift in risk sentiment on news that ex-Japanese Prime Minister Shinzo Abe was shot in the chest at an election campaign speech in Nara. He was immediately taken to hospital but reportedly he was showing no vital...
One day candle shows a clear consolidation.
There is a major support and resistance.
Support at 1916.006 and Resistance at 1938.818.
The Blue and Red arrows indicates the number of rejections as support and resistance respectively.
If the price breaks the support levels then the price will fall to a target at it next support level 1907.043 and further down to...