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XAUUSD BUY & SELLHi Guys, In today analysis we have multiple levels of demand and supply. Some new and some already tested. Couple hours ago market touched 2036 supply level and it was followed by huge move down, currently being at 2022. So price could test same 2036 level for second time should go up and if move up continues above 2040, 2048 would be a level which I look to short. Below We have 2016-2012 demand level which can hold the move down and give us some good profits, and if that is broken also other levels exist below. Later today we have a major news for USD which impacts gold to great extent make sure you watch for it. Be honorable
OANDA:XAUUSD
by AliHassanzadeh
XAUUSD BUY AND SHORT Hi Guys, let's see another gold analysis. So as it is obvious price tapped into supply zone and began selling off, in case market keeps dropping there is an imbalance area and below it a demand level which I believe there would be some reaction there. So Monitoring area around 87 is recommended. Should price breached through that level next demand level would be at 1979 which there has not been any reaction. *Later today we're going to have two important news for dollar so make sure you consider them and your own logic into it before taking any trades. Be honorable
OANDA:XAUUSD
by AliHassanzadeh
4
XAUUSD BUY AND SELL Hi guys, Today I'm covering Xauusd once again. in my last analysis I highlighted couple supply areas, which price reacted to only 1971 as the CPI news hit the market. so currently price is inside the sell side area of 1971-1975. At this point multiple scenarios could take place if price breaks up then 1983-1989 level is a sell side zone and if continues downward first line of defense would be 1961 which has reacted to once and second level would be 1957 level. So make sure you wait for either of these levels to be triggered and take trade while adding your own logic into it. * One important Note : Today PPI news will hit the market in 1hr so whole analysis here is subject to the news.* Be honorable
OANDA:XAUUSD
by AliHassanzadeh
EURUSD BUY AND SELL POSSIBILITIESHi guys, This time I'll be covering EURUSD. SO currently price has tapped into our supply area which is around 1.0674-1.0694 and is selling off. Should selling continue I would expect the price to decline to 1.0623 which is the broken resistance level. Then below our support level we have a demand area which has been tested once and it could be worth trying it for the second time. So make sure you have these two levels under observation and take appropriate action upon price reaching there. Be honorable
by AliHassanzadeh
XAUUSD GOING LONG AND SHORTHi guys I'm back updating my gold scenario. In my yesterday analysis, I highlighted area 1954 as a supply level , being tested multiple times was broken during Mr. Powell speech. leaving us with only one immediate area ,1978 as a supply zone. But since underlying fundamentals are bullish I need to confirm my entry in lower time frames to go short otherwise it's kind of risky. Should price get through the area I'm expecting 2004 area as another sell zone. Our immediate demand area is around 1970-1972 which has proven itself once. Going long from this demand level like always requires checking lower time frames for further confirmation. Below our immediate demand level we have 1962 which is the broken resistance and could support the price should get there. Make sure you have these levels on your chart and do your own assessment while taking any trades. Be honorable
OANDA:XAUUSD
by AliHassanzadeh