iambalramkashyap

iambalramkashyap

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.

iambalramkashyap

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.

iambalramkashyap

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.

iambalramkashyap

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.

iambalramkashyap

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.

iambalramkashyap

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

iambalramkashyap

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

iambalramkashyap

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.

iambalramkashyap

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.

iambalramkashyap

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

iambalramkashyap

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.

iambalramkashyap

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.

iambalramkashyap

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...

iambalramkashyap

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

iambalramkashyap

Gold is trading in this wedge pattern ,GDP data is due today ,on breakout of this wedge can clear the direction of gold for today.

iambalramkashyap

Beautiful Example of Price Action on H&S breakout on monthly candle.

iambalramkashyap

This is current gold monthly cycle and as we can see that gold already breakdown the multi years support (1680) and trading below it, from the monthly chart we can see that there is more room for decline from the price action view. On intraday levels we can expect some pullback /Corrections but in the bigger picture trend will remain bearish as DXY is keep pushing...

iambalramkashyap

As it is clear from the chart that previos support in now acting as resistance (Blue Trendline) so we can have two possible scanarios from here. one, it can take some time like a week or two to break above 1800 two, it can go directly above 1800 if hold on 1785 after FOMC minutes . Overall my view will remain bullish till it trade above 1750 Level (Black Line) .