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Xau-usd

Gold daily analysis 29.07.2022Gold broke out from weekly resistance at 1746. Now there is good strength for bulls. So they can start chasing monthly resistance at 1772. However we need to test the 1746 level again in Daily candle. For this the price may have sideways movement between 1746 to 1756 and can also make Higher Low above 1736 before US session. Only price closes above 1756 we will see strong bullish momentum and can go upto 1772. However we may have some hurdles here to break 1772 as it is a strong resistance. Presently gold is moving in a strong uptrend value zone. So go only for buying at every low. Here is my idea BUY 1746 SL 1736 TP 1764 SELL 1772 SL 1780 TP 1764
OANDA:XAUUSDLong
by boyinjungle
Gold Daily analysis 28.07.2022Gold shifted value zone at a higher level. However we need to determine the exact limits of this new value zone. Based on previous candles we can see a downtrending value zone which I feel is valid. Based on this Gold will test the weekly resistance at 1746 (higher high) and make a higher low in US session. However if the value zone I consider is valid then we may test the level near 1700 tomorrow. Let us see if Gold passes or fails the test for 1746. If Gold closes above 1746 then bulls will get more strength and they will start chasing the monthly resistance 1772 on Friday. My trading idea is to go short near weekly resistance with small SL. Trend is positive so we will try to go for small SELL orders only. SELL 1746 SL 1749 TP 1730 BUY 1730 SL 1720 TP 1746 BUY STOP 1756 SL 1748 TP 1766 SELL 1772 SL 1786 TP 1746 Important levels 1694-1714-1730-1746-1764-1772
OANDA:XAUUSDShort
by boyinjungle
GOLD DAILY ANALYSIS 27.07.2022Gold is forming a wedge after breakout from the value zone. From yesterday GOLD is consolidating between 1710 to 1720 level. Today also we may have smaller candles between these levels. FOMC will give the momentum for breakout. I hope Dollar gets much stronger after FOMC. But technical analysis shows GOLD should also make highs upto 1742 by end of month. So after FOMC we will see stop loss hunting upto the 1694 level. So be ready to buy the lows instead of waiting for SELL opportunities. The important levels today 1694-1704-1714-1730-1742-1772 This is very sensitive level. So dont SELL with big TP. Wait for lows and BUY between 1694-1704 BUY 1694 SL 1686 TP 1728 BUY 1704 SL 1698 TP 1720 SELL 1742 SL 1748 TP 1730 SELL 1772 SL 1782 TP 1746
OANDA:XAUUSDLong
by boyinjungle
3
XAUUSD 4hour Analysis July 25th, 2022Gold Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Gold has been significantly bearish and it looks like it will continue bearish into this week. Ideally price action rejects near 1740.00, confirms the lower high and forms strong bearish setups to enter short on. Look to target lower toward the 1676.00 area. Trade scenario 2: For us to consider gold more bullish we need to see a significant break back above 1740.00 with a confirmed higher low above.
FX_IDC:XAUUSDShort
by ForexLeague
GOLD DAILY ANALYSIS 19.07.2022Gold is in value zone trending in downward direction. Gold made a lower high 1724 and is going to make the lower low below 1696 today if it continues in this channel. So when gold reaches the support and resistance levels of value zone we can go for BUY and SELL orders. These levels are very risky for SELL as we can see a strong buying pressure at any new low. So be careful if you prefer sell go will small SL. If we see a breakout from the value zone the strong resistance is 1746 and 1772. So we may go for SELL at any of these levels after breakout. I believe there is order block at 1772 and price should visit this level before taking next direction. In my thought the best level to BUY is 1676 and SELL is 1772. The strength of the downtrend channel is also reducing. So we can consider bulls to show up soon. However wait for the lower low and take BUY. We can go for scalping until price stays within the value zone. SELL 1772 SL 1784 TP 1748 BUY 1686 SL 1666 TP 1714 SELL 1718 SL 1728 TP 1706
OANDA:XAUUSDLong
by boyinjungle
XAUUSD 4hour Analysis July 17th, 2022Gold Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Looking bearish on gold for this week but we’re not yet sure if we’ll be able to find a high probability trade setup, it all depends on price action this week. For us to continue trading bearish we need to see structure form. A lower high close to 1740.00 resistance and our 38.2% fib level would be ideal. Trade scenario 2: If we are to consider gold bullish we would need to see a break back above 1740.00 with a confirmed higher low.
FX_IDC:XAUUSDShort
by ForexLeague