Jamie Gun2Head Trade - Selling GoldTrade Idea: Selling Gold
Reasoning: Rangebound on Gold, bias still bearish posting a shooting star candle.
Entry Level: 1717.74
Take Profit Level: 1692.00
Stop Loss: 1724.00
Risk/Reward: 4.11:1
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Goldusd
GOLD (XAUUSD): Key Levels to Watch This Week🥇
Here is my fresh structure analysis for Gold.
Resistance 1: falling trend line of a falling parallel channel
Resistance 2: 1726 - 1736 area
Resistance 3: 1758 - 1765 area
Resistance 4: 1801 - 1808 area
Support 1: 1680 - 1689 area
The market is currently testing Resistance 1.
If the price breaks that, gold will immediately face Resistance 2,
so if you want to buy the breakout, you need a daily candle close above these 2 structures first.
Alternatively, if you are bearish biased, consider shorting the resistance of the channel.
Wait for a confirmation to short.
I am currently waiting. It looks like the market participants are looking for this week's fundamentals to start pushing.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
XAUUSD Gold 15 Min chart Demand and Supply Levels.XUAUSD GOld 15 Min chart Demand and Supply Levels.
Bullish Supply Range ( Go Long) - USD 1,714/- to USD 17.14.50/-
(Blue Circle in Image)
Bearish Supply Range ( Go Short) - USD 1,732/- to USD 1,730/-
(Red Circle in Image)
#Gold # XAU
Suggested Move - Short at USD 732/- to USD 1,730/- range
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, the TREND LINE is BREAKING and UP about 120 PIPS. We hope you get it.
We have some very important NEWS coming to USD this week. So we have to wait a bit until we get them.
Anyway, with US10Y UP, GOLD is going down a bit now. Anyway, we expect GOLD to go down to 1671 LEVEL. Before that, you can definitely go to 1782 LEVEL GOLD. Be careful..
2X $GOLD 1D Tech. Analysis!GOLD has been bearish since March '22, we will continue to catch and follow the trend! I am heavily bearish if price breaks through the 1680 area! Price came and retested the order block @1725 area we will play a 1:4 RR down to TP1 & a 1:7 RR setup heading to TP2! IF price breaks above support, it is most likely headed to the top trendline due to the double bottom reversal around the current area (Not likely). Be patient, wait for confirmation and LOCK IN PROFIT!
GOLD (XAUUSD): Key Levels to Watch Next Week 🥇
Hey traders,
As I predicted, Gold bounced yesterday.
The market almost reached a daily supply area.
Here are the key levels for you to watch next week:
Resistance 1: 1720 - 1730 area
Resistance 2: 1758 - 1765 area
Support 1: 1681 - 1688 area
Consider these structure for pullback / breakout trading.
I will look for shorting opportunities from Resistance 1 expecting a bearish move to Support 1.
I will post an update once I spot a confirmation!
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️