XAUUSD (GOLD) 4H ChartGold regained sharply on the weak US dollar. The US dollar index lost more than 50 pips after US CPI data. The yearly inflation surged by 7%, the highest level since June 1982. Markets eye US PPI data today for further direction.
Factors to watch for gold price action-
Global stock market- Bearish (Positive for gold)
US dollar index –Bearish (positive for gold)
US10-year bond yield- Bullish (Negative for gold)
It is good to buy on dips around $1810
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Goldbuy
XAUUSD (GOLD) 4H Chart shortIf the break out cloud more bullish
Wait and watch cloud price action bull or bear
Gold regained above the $1800 level on the weak US dollar. Markets eye US Fed chairman testimony for further direction. The US dollar index is holding below 96 levels despite hawkish Fed and surging yields. The minor sell-off in US treasury yield supports the yellow metal at lower levels. Gold hits an intraday high of $1810and is currently trading around $1809.89.
XAUUSD GLOBAL WAVE VISION (NEW ATH IS COMING)Hello friends.
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Everything on the chart.
My long-term vision for the coming year.
Globally we are in wave (iv) of 5. After which we will see the final growth in the area of 2200.
The main scenario for me is orange,
but if we dont hold the level at 1700, then we will go to the additional set of liquidity to the 1550 zone and from there everything is the same upward, the main target will be the same.
Good luck everyone!
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[GOLD W2 Jan 2022]👉🏻 Swing trade. With the FED hiking interest rates, we could possibly see some money flow from risky assets into gold.
XAUUSD Long with 3 listed confluencesList of Confluences:
1: Trendline Breakout
2: Key Level Breakout and Rest (TBA)
3: Double Bottom
Summary: Trade has a potential RR of 2.72 to 1. We are waiting for the breakout and rest to confirm trade setup. If confirmed, we should be looking to enter Long tomorrow.
GOLD SHORT/SELLHello everyone.
A high probability chance Gold/XAUUSD will do a small SHORT before going LONG. If it breaks through TAKE PROFIT1 hard and fast than we will look to put our stop loss at profit 1 and let it ride out. Do risk small as this is the last week of the year, brokers might want to take retail traders out before the big guys come back from the holidays. Happy trading.
Outlook on XAUUSD: Pullback presents an opportunity to buyOn the H4 time frame, prices are showing bullish order flow with the break of its previous H4 high. On the M30 time frame, a pullback to the demand zone at 1803.89, in line with the 23.6% Fibonacci retracement and 61.8% Fibonacci extension presents an opportunity to play the bounce to the next resistance target at 1812.39. Ichimoku cloud and 30 EMA are showing signs of bullish pressure as well.
GOLD BUY Signal 22DEC2021 TP 230 PIPSBeginning with the name of ALLAH who is the only lord and master and the most merciful...
I strictly take trading as a business, not a gambling stuff.
I have pre-defined approximate risk to reward ratio on every single trade with clear profit/loss zones.
Trade Discipline:
-> Never go beyond 1.5% risk of your total trading capital on a single trade,
-> Always move your stop ahead of your trade entry level after the price moves 23 pips towards target,
-> Always close 80% of your trade position after market makes half movement towards target.
Every one has a right to earn a lot of money, but it can only be done by following the rules and principles very strictly!!!
REMEMBER:
I practice patience in trading.
NO EMOTIONS. NO GREED. NO FEAR at all... that's how I do this business...
Day after day... Weak after weak... I GROW...