kripsonfx97

kripsonfx97

🟢 Overall Bias: BUY Projection The chart suggests a bullish outlook, predicting that gold will rise significantly after a breakout and retest pattern. 🔍 Key Technical Elements: Trendlines: 4H Downtrendline: This was a significant resistance trendline that has now been broken. 4H Uptrendline: Indicates a recent shift to bullish momentum. Support & Resistance...

kripsonfx97

Bearish setup on XAUUSD (Gold vs. USD) with a strong indication for a potential short/sell opportunity based on several technical signals: Key Observations: Three Black Crows Pattern: Clearly marked and highlighted on the chart. This is a classic bearish reversal pattern indicating strong selling pressure. Break of Neckline: The price has broken below a...

kripsonfx97

Leaving technical factors aside, in layman's view, gold is falling because investors have realized the high valuation of gold compared to other precious metals and are booking profits.1 day ago

kripsonfx97

Rise of the DXY (US Dollar Index) since March. US Tax exemptions for some products. Slower imposition of new taxes. Technical Chart Summary: Pattern: Head and Shoulders (classic bearish reversal setup). Key Zones: Selling Zone: Identified between Resistance R1 and Triple Top area. Resistance Levels: R1 near 3359–3400 Major resistance at around 3480–3500...

kripsonfx97

Buying Zone around the 1.618 Golden Ratio (3435.255) – A classic Fibonacci extension target indicating a strong potential reversal or take-profit zone. Price Movement Forecast: Price is expected to test the Immediate Support (S1) and bounce back. Resistance levels: R1, then R2 & New ATH (All-Time High). Take Profits (TP1 & TP2): Clearly marked targets for...

kripsonfx97

Trend: Price is following a clear bullish trend channel. Bullish Indicators: "Three White Soldiers" candlestick pattern suggests continued bullish momentum. "Bounce back area" suggests a buying opportunity after a dip. Price Targets: Target Price 1: Around 3,200–3,240 Main Target Price: Near 3,293 Support Zones: Support S1: ~3,184 Support S2:...

kripsonfx97

Instrument: Gold Spot / U.S. Dollar (XAUUSD) Timeframe: 1 Hour (1H) Current Price: ~$2,995.25 Projection Date: April 8, 2025 Analysis Type: Bearish/Sell Projection 📊 Technical Elements: 🔹 Trend Analysis: A 1H downtrend is marked with a descending trendline. Price previously broke a key support zone, retested it (now acting as resistance), and is expected to...

kripsonfx97

April 10 – China to impose 34% tax on US goods → Trade tension increases risk-off sentiment, potentially lowering gold prices if USD strengthens. US Manufacturing Tax (NO - 37%) → Negative manufacturing data or tax burden could weaken USD sentiment but also stir market uncertainty. BRICS exploring an alternative currency (moving away from USD) → Could signal...

kripsonfx97

When the central bank raises interest rates, this is known as monetary tightening. The currency becomes stronger and “worth” more. In practice, it is possible to buy more gold metal, a tangible asset, for the same amount of money. The result is a fall in the price of gold.

kripsonfx97

Gold is showing a bullish trend due to factors like geopolitical uncertainty, rising inflation, and increasing central bank demand for the precious metal.

kripsonfx97

Trendline Resistance: The price is projected to reverse after reaching this resistance level. Sell Entry: Positioned near the trendline resistance, anticipating a downward move. Take Profit (TP) Levels: TP 1: First target near the Support S1 level. TP 2: Second target near the Support S2 level. Stop Loss (SL): Positioned above the trendline resistance in a...

kripsonfx97

Key Observations: Current Market Price: The price is around $3,046.450 at the time of analysis. The high and low of the period are $3,053.485 and $3,045.005, respectively. Technical Analysis & Patterns: Rising Wedge Pattern has been identified. A Bullish Engulfing Candlestick has formed, indicating potential upward momentum. Break and Retest Strategy: The chart...

kripsonfx97

This chart presents a bullish projection for Gold (XAU/USD) on the 4-hour timeframe, indicating a potential buying opportunity based on trend analysis and key levels of support and resistance. Key Components of the Analysis: Uptrend Confirmation: The price is moving within an ascending channel marked by two parallel blue lines. The 4H parallel trendline suggests...

kripsonfx97

Here's a breakdown: W Pattern Formation: A bullish reversal pattern has been identified. Entry Point: The price has broken above the resistance zone, confirming the pattern. Stop-Loss (SL): Placed below the recent low at 2,985.73. Take Profit (TP) Targets: TP1: Around 2,994 (Resistance R1). TP2: Around 3,002.02 (Resistance R2 & All-Time High). The projected path...

kripsonfx97

When traders say "gold is bullish," it means they anticipate the price of gold to increase, suggesting a positive outlook for the metal's performance.

kripsonfx97

When traders say "gold is bullish," it means they anticipate the price of gold to increase, suggesting a positive outlook for the metal's performance.

kripsonfx97

This chart presents a **weekly buy projection** for **XAUUSD (Gold) as of March 9, 2025**. Here are some key takeaways: ### **Key Zones & Levels:** - **Entry Zone:** Around **2,892.189 - 2,892.277** (aligned with a major trendline and support). - **Support Levels:** - **S1:** Weekly low acting as support. - **S2:** Stronger support at **2,859.812** (also the...

kripsonfx97

Key Observations: Bullish Engulfing Pattern – A strong reversal signal suggesting upward momentum. Ascending Trendline + Support Level – Price respects the trendline, reinforcing bullish bias. Entry Confirmation – The breakout above consolidation inside the triangle. Target Prices: Target Price 1: First resistance level. Target Price 2: Day’s high at...