Disclaimer: This is not a trading call, but simply my personal analysis.
Observation: On the 4-hour timeframe, there appears to be an order block and liquidity present. Based on this, I believe there's a possibility that gold could attempt to fill this liquidity gap and potentially mitigate the order block this week.
Trading: This analysis is for informational...
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In GOLD we got weekly BUY CHOCH @01dec2023 (in Daily we got buy BOS)
And we got a HEAD AND SHOULDER formation @28dec2023(Daily)
1st buy correction 4H- sell CHOCH...
We can buy the new order after the candle will close above 2007.876 and then wecan target the 2012 zone for sure but after that we can see the retractment in big time frame so please be patient while placing new order or just watch the market
Reason For Bearish
1. Obey Strong Resistance and Trendline @ 2035
2. Bearish Spinning Top in 1h Timeframe
3. RSI 14 below 50 which Bearisg Trend in 1h
Overall Possible Outcomes
GOLD SELL 2034.50
Reason behind the Buy Projection
1. Bullish Spinning Top In both Single/double Candlestick
2.Three Line Strike in Trible candlestick
3.Ascending Triangle pattern Formed
* Obey Strong Trendline @ 2030-40
* Obey Fibo Golden ration @ 2017
Formation of Bearish Spinning Top in DXY pushes Lower and obet Trendline...
Hello Trader's , Hope you are doing good. Happy weekend everyone . So we have seen the volatility of first week of 2024. Currently the range is 2050-2020 , Yesterday's closing at around 2045. From my experience i think GOLD will fall more on this upcoming week. We have CPI & PPI in this week. I think its a correction phase. I don't think it will fall below 2000...
Reason Behind the Bullish
1. Bullish Inverted Hammer In Single Candlestick Pushes Higher
2. Three Outside Up candlestick Make the Buying Pressure and make continue of Uptrend
3. Breaked the Support 2045-50 last Week
Overall Possible Outcomes
XAUUSD Buy @ 2030-45
TP 1 2060
XAUUSD pair is currently trading in a critical price range, specifically between 2075 and 2080. This analysis aims to provide a bearish perspective on the market conditions within this price bracket.
The price range of 2075-2080 has historically acted as a significant resistance zone. Multiple attempts to breach this level...
Today we will have very important USD news: ISM Manufacturing PMI, JOLTS Job Openings, ISM Manufacturing Prices and in the early morning of November 2 there will be 3 more news: Federal Funds Rate, FOMC Statement, FOMC Press Conference but This news is likely to have a big impact on gold, so we need to pay attention to orders when the news comes out