According to my analysis of today's gold trend, there will be a recovery at the 2030 price range and gold may go down again and start Sideways at the 2020 range.
Gold XAUUSD trades mostly sideways for 3 days as we consolidate Wednesday's big rally. Yesterday we held within Friday's range with a low for the day 4 points above support at the October & short term 38.2% Fibonacci level of 2012/2008. Longs here today need stops below 2005./ Eventually the market will probably refocus on lower interest rates & Gold will climb...
weekly TF - Gold approached its all time high level but cant sustain that levels DAILY TF - retrace from higher level n took liquidity of intermediate term high 2040 but cant sustain above it... 4Hr - reacted from supply zone and have bearish OF....
I take my trades on global news and the pattern being formed. Looking at Gold, I see a pattern formation of bearish flag. Taking a trade here with a stop loss at 2024 and setting the target on 2020. I calculate the TP and SL based on the previous candle behaviour and identifying the resistance and support levels it has maintained in the past. What are your...
gold hase broke 30 minutes resistance and retested. one can enter for 80-100 pips moments upsede. USD is seen week. one can target upto 2030
KangaCoin, being a trendsetter, looks for opportunities in market trends. In this case, it's adopting a sell-side strategy, meaning it's aiming to sell XAU (gold) and buy USD (US dollar) when it identifies a promising trend. Risk Management: KangaCoin is no stranger to risk management. It sets stop-loss orders to limit potential losses and employs other risk...
Market always trying to balance the orders from imbalance order flow at market depth . find opportunity ..find at which direction market trying to fulfill
Fiday’s pullback in Gold price from near 8-day highs of $2,048, the path of least resistance still remains to the upside. The daily technical setup for Gold price will continue to favor bullish traders so long as the 14-day Relative Strength Index (RSI) indicator holds above the midline and the price manages to defend the 21-day Simple Moving Average (SMA) at...
Gold Is Bullish. If Price will Break H4 major level 2040 Gold Will be Bullish. Or Price will reject from level 2030 & break level 2015 downside Gold Will be Bearish Again. Trade Care fully. Good Luck For This Week.
after the US Federal Reserve signaled interest rate cuts are coming next year In addition to central bank meetings, investors will likely keep an eye on the European Union leaders' summit in Brussels, starting next Thursday. The summit comes at a critical time for Ukraine, as the Biden administration has so far failed to get a $60 billion aid package through...
After the Fed. Meeting last week, gold climbed above 2000, while the market refocused on an early rate cut next year. Powell's dovish comments further tuned the market's sentiments; the latest CME FedWatch tools indicate that there is currently a close to 70% chance of a 1/4 basis point rate cut next March, while there is almost 95% chance of a 1/4 basis point...
-The trend is a downside, but last week's price retrace to the supply zone -Before the price move, the upside need to retrace to 22.90-23.20 -The best 22.50-22.70 is the long opportunity -The above 24.33, we can see the next supply zone 25.50
-Trend is upside as per the current scenario -The demand zone is 2007-2019, Supply zone is 2038-2050 -Long near 2008-2008 and SL 1999 TGT 2040
XAUUSD What's Next 2050 or 1980 Hope you are doing well , We have already seen this week Bull rally 1980-2048 after FOMC, More than 350 pips movement. So now the question is what will going to happen next , Holidays are in coming as we all know. Big whales are busy. Vacation mode incoming. Last day after mid US session we have seen a 200 pips sudden fall which is...
Reason Behind Bearish Setup 1. Bearish Engulfing Formed in Double Candlestick Pattern 2. Bearish Spinning Top Pushes to Sell 3. Retest Lower Trendline @ 1980 Overall Possible Outcomes XAUUSD SELL @ 1927-30 SL 2050 TP 1 2010 TP 2 1980
Its in a LTF down trend Its in a LTF down trend Its in a LTF down trend Its in a LTF down trend Its in a LTF down trend Its in a LTF down trend
Wave 1 which started in 1970s seems to be over with wave 5 reaching 2140 levels. Internal wave counts of wave 5 also tell so (from hourly to daily to weekly to monthly) all wave 5s are over The sharp correction from 2148 levels just confirmed my view. My calculations may be wrong if Gold sustains above 2150 for a week Wave counts from wave 4 (sep 22) Wave...
Smart money concept is the best way for trading to get big Imbalance