GOLD sideway at the beginning of the week
Updated
⚡️Market news
Today, the
XAUUSD trading session started with a slight increase in price, reaching the range of $1929-1930, as the US dollar weakened slightly. Meanwhile, the US Dollar Index (DXY), which measures fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), decreased by 0.1% to 105.22 and this supported the price of gold.
Regarding gold price forecasts for this week, a total of 415 retail investors participated in an online survey. Out of these participants, 180 individuals (43%) believe that gold will increase in value while another 156 individuals (38%) predict a decrease in gold prices.
⚡️Optimus's point of view
Gold price increased to 1929 in today's Asian session, influenced by the decline in the dollar index after the Empire State Manufacturing Index was announced last Friday. However, gold's 1931 resistance zone is very strong so the upward momentum is still being restrained.
⚡️Plan trading
SELL GOLD: 1929-1931
SL 1935
TP 1925
TP 1920
⚡️Note
Full SL settings for trading signals
Divide the trading volume to enter around the price range
If you feel the profit is enough, you can close 1/2 and move Sl to entry
Today, the
XAUUSD trading session started with a slight increase in price, reaching the range of $1929-1930, as the US dollar weakened slightly. Meanwhile, the US Dollar Index (DXY), which measures fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), decreased by 0.1% to 105.22 and this supported the price of gold.Regarding gold price forecasts for this week, a total of 415 retail investors participated in an online survey. Out of these participants, 180 individuals (43%) believe that gold will increase in value while another 156 individuals (38%) predict a decrease in gold prices.
⚡️Optimus's point of view
Gold price increased to 1929 in today's Asian session, influenced by the decline in the dollar index after the Empire State Manufacturing Index was announced last Friday. However, gold's 1931 resistance zone is very strong so the upward momentum is still being restrained.
⚡️Plan trading
SELL GOLD: 1929-1931
SL 1935
TP 1925
TP 1920
⚡️Note
Full SL settings for trading signals
Divide the trading volume to enter around the price range
If you feel the profit is enough, you can close 1/2 and move Sl to entry
Trade closed: target reached
Gold is moving correctly according to my analysis. During the US session, gold will still move sideways within a wide margin. The gold SELL strategy has won 50 pips, you can close the profit a little and bring the SL to the entry to bring the profit to 1920.Note
you can SELL gold at price 1931-1933 SL 1937. scalping trading signal. Take profit and stop loss RR ratio 11Note
Breaking the golden border aside into a short-term up-and-down trendGold prices closed on Monday at a relatively high level of $1,932, confirming a reversal from a three-week low.
As a result, there is now room for further upside to reach the September high at $1,953 if Gold can sustainably overcome the slight rise at $1,945.
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