GOLD Spot (XAUUSD) (OANDA EU Clients) forum
XAUUSD If anyone have doubts (or) not agree with my view point please let me know.Trade Setup :Sell
Entry Price: 2712
Stop Loss: 2725
Take Profit 1: 2700
Take Profit 2: 2685
Reason for Entry: The entry price is based on the daily Fibonacci retracement levels, indicating a strong resistance area where price action has previously reversed. Current market indicators suggest bearish momentum, making this an ideal opportunity to enter a short position.
XAUUSD Good day! Gold tested a key support zone before the FOMC and experienced a technical retracement. However, I don’t view this as a true demand zone bounce. For it to be considered one, we would have expected a breakout above 2720 after the FOMC. Currently, gold is trading within a range. Gold trading below 2720, there is still potential for further downside. I recommend considering a sell position if it breaks below 2676. If you looking for a buy it’s best to wait for a confirmed breakout above 2720.Sell:- Break below 2676 Targeting 2660 / 2650 Sl above 2696
Buy:- Only above 2720.
XAUUSD Mentioned about the Demand Zone in last Mind
Good Bounce from 2645 zone.
2710 2720 to provide some resistance
however 2725 to 2745 will be stronger resistance
Kha gaye kehne se behtar hoga apna view share kare..
if someone is so knowledgeable share with all..
XAUUSD Fed Update – Fed watch is priced in 25 bps cut at 99% but a pause is more likely today than a cut. With inflation cooling and the economy in focus, the Fed will probably hold steady for now. Let’s see what happens!
XAUUSD 2711 break than 2729XAUUSD ye na khta k buy kro dekh to lo 2630 waleXAUUSD kha gye 2630 waleXAUUSD tomorrow also rate cut debate 90 percent on fever rate. cut us fed rate cutXAUUSD England bank rate cut today.25