A descending triangle is a bearish chart pattern in technical analysis that's characterized by two trendlines: a descending upper trendline and a second, flatter horizontal trendline that's lower than the first. The pattern is formed by a series of lower highs that meet the flat support line at the bottom
KEY POINTS: U.S. PCE data due on Friday Traders price in about 62% chance of rate-cut by November Vietnam's central bank to stop domestic gold auctions Gold prices held steady on Tuesday as the dollar eased, while investors looked forward to key U.S. inflation data that could offer clues on how soon the Federal Reserve can cut interest rates. Spot gold GOLD was...
Reason For Sell and Buy 1. Bearish Spinning Top In Day Candle and obeyed Resistance 2.Obey Strong Support @ 2350 Overall possible outcomes XAUUSD BUY @ 2350 SL 233O TP 2380
Reason for Fall 1. Abate of Geopolitical tensions 2.Break Support 2300 and reach 2263 3.XAUUSD/GOLD Pumb due to Golden Ratio 0.618 Overall Possible Outcomes GOLD BUY LIMIT 2263 SL 2245 TP 1 2300 TP2 2330
Reason For Sell 1. Breaked Support 2360 and retesting Monday Morning 2. Overall Sell trend in 4h 3. Obey Tredbline and resistance Overll Possible Outcomes XAUUSD SELL LIMIT 2355-60 SL 2370 TP 1 2330 TP 2 2329
Reson For Sell 1.Reached all time High and Seller Pushes to Lower 2. Breaked Support @ 2365 3.Retesting the Breaked Zone Reason For Bullish 1. Obey Trendline $ Support @ 2310-20 2.Fundamendal News and Politics Overall Possible Outcomes XAUUSD SELL 2355-60 SL 2370 TP 2320 XAUUSD BUY 2310-2320 SL 2270 TP 1 2360 TP 2400 TP 3 2430
Reason For SELL 1.Trible Top Formed Side Wise Markert 2.Three White Soliders Formed Sell 3. Entry @151.900 to 151.800 4. Sl @152.200 5.Tp1 @151.500 6.Tp2 @151.200 7.Tp3 @ 150.500
Reason Behind Buy 1. Breaked Resistance @ 2310 2. Will Retest Trendline + Support @ 2310 3. Next XAUUSD/GOLD Move towards last week High 2331 4. Jio Politic War - Reason 1 5. US intrest Rate - Reason 2 Overall Possible outcomes XAUUSD BUY @ 2295-2310 SL 2267 TP 2330 TP 2 2400
Reason Behind SELL 1.Breaked Support @ashoksharma_2285 2.Immediate Support @ 2280 Which Entry Point 3. Formed Three white soldiers 4. Retesing Yesterday Low Overll Possible Outcomes GOLD SELL 2279.20 SL 2290.15 TP 2252.00
Reason Behind Sell 1. Market Reached Our Trendline Resistance 2175 and fall 2. Breaked Support Support 2175 and Retested today 3. Formed Symmentrical Triangle Pattern and Break expected @ 2169 Overall Possible Outcomes 🔹FX SIGNAL GOLD SELL 2170.20 SL 2180.00 TP 2157.00
Reason For SELL 1. Breaked Support @ 1.08350 2. Double Bearish Engulfing in last Week 3. Overall Sell Trend in 4H Overall Possible Outcomes 🔹FX SIGNAL EURUSD SELL 1.08175 SL 1.08850 TP 1.07011
Overall possible outcomes 🔹FX SIGNAL GOLD SELL 2175.01 SL 2183.00 TP 2163.00
Overall Possibel Outcomes XAUUSD SELL 2160-2175 SL 2200 TP 2147 TP2 2082 TP 3 2047 Reason Behind Sell 1. Bearish Spinning top Formed Overtrendline 2. Double Top Formed 3.Obey Trendlline @ 2210
Over all Possible Outcomes XAUUSD SELL 2160-2163 SL 2168.50 TP 1 2151 TP 2 2145
Reason For Bearish/Sell 1. Bearish Shooting Star Formed 2. Bearish Spinning Top in Previous Day Candle 3. Bearish Engulfing Formed In last week 4. Obeyed Strong trend Overall Possible Outcomes XAUUSD/GOLD SELL @ 2160-2170 SL 2210 TP 2140 TP2 2080 TP3 2040
Reason Behind the Sell 1. RSI 14 Below 50 which indicates in Sell Trend in 1H Timeframe 2. Stochastic (5,3,3) Over Bought hence it Fall Overall Possible outcomes XAUUSD SELL@ 2160 SL 2170 TP 2145
Reason Behind Bearish 1. Obey Trendline @ 2200-2210 2. Correction expected after Huge Hugh Pumb Overall Possible Outcomes XAUUSD SELL @ 2200-2210 SL 2222 TP 2140
RSI 14 ABOVE 50 and it indicates Buy trend in 1h Stochatic Oversold AND READY FOR bUY Overall Possible Outcomes 🔹FX SIGNAL GOLD BUY 2125.80 SL 2118.00 TP 2141.20