TheGoldenCircle

TheGoldenCircle

Gold Price extending the decline cylce and cleary it is under big sell pressure and no sign of bulls in any time frame . As per PA next major support is 1870

TheGoldenCircle

On Intra day time frame the current Wedge pattern is main concern as price is trading into this formation and respecting both trendlines,to see a good move price need to break this structure

TheGoldenCircle

DXY Key Levels pre CPI, Currently trading on narrow range and on trend line support , have to wait how PA going too behave post CPI

TheGoldenCircle

Big day Ahead as everyone waiting for the CPI Data ,as per price action gold is trading under sell pressure and not able to break this decline cycle and we do not have any confirmation of buy in any time frame .So those who looking for buy better wait for good rejection or wait for data ,after CPI if we can see big move(as per past history 400+ pips is normal in...

TheGoldenCircle

Gold Breakdown from important support level and currently trading under that, so more decline is possible under this zone, to go high bulls need to re-claim this area. More Info on the chart.

TheGoldenCircle

XAUUSD Price is still in range and waiting for CPI data for this week . To see a good move price need to break this range. More Info on chart.

TheGoldenCircle

Gold Price is in the accumulation phase and waiting for CPI, but price need a good ground to generate good move on CPI . More info on Chart.

TheGoldenCircle

In Friday trading session we have seen a good bullish move but currently price is facing resistance near 1940-42 , so bears are in control under this resistance zone. More info on chart.

TheGoldenCircle

As you can see on the chart that the price is moving in a very narrow range and waiting for NFP data, we can see a good move today after the data.

TheGoldenCircle

XAUUSD Intraday Trade Idea Gold Currently trading in range so we can use the current SNR zone to find entries on intraday .

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Currently Price is at the Volume bubble and can burst in any side

TheGoldenCircle

DXY waiting for FOMC minutes, this structure can break out on either side and we can get a good move in the direction of the breakout, let's see if we can get a reflection of the move on gold or not.

TheGoldenCircle

Check the previous Idea, the trend is clearly bearish, and now the price breakdown the psychological support of 1900 so we can expect more decline soon.

TheGoldenCircle

Gold is clearly on sell pressure and we can expect more decline

TheGoldenCircle

XAUUSD Plan this week, Conditions 1: Sell if test 2000 and if not able to close H1 above 2000 Condition 2: Sell if H1 breakdown 1968( Safe side 1965), Condition 3: buy only if H1 close above 2005 because if we look for buy near 1950 that level already re tested 2 times so buying there can be risky, or buy on breakout of Friday High and look for 2000 re test.

TheGoldenCircle

As per price action, gold is moving toward the narrow range in this triangle and we can expect a good move on the breakout/down of this structure, the Positions from COT MM are not much favorable for bears right now and we can expect a sideways move for next week.

TheGoldenCircle

If you are following CFTC COT report for commodity you already knows that the CFTC is not sharing the COT report timely from last 5 Weeks , I tried to analyze the Last three week COT report on GOLD published by CFTC. On 24/1/2023 the COT showing bullish sentiments as they adding in Longs and Covering there Short and we have seen sideways (You can see the Green...

TheGoldenCircle

This pattern seems bullish on DXY on H4 before the Friday data .Gold is also facing resistance at 1930-35 levels .