Gold 19/07 King Vision Beyond 1980.Gold bulls were knocked out of their daydreams on Tuesday, sending the yellow metal into bullish mode for the first time in almost a week and to a seven-week high.
“Gold may have a hard time rallying at $2,000, but that could change if bond yields continue to fall and the Fed signals it is likely to raise rates next week,” said Ed Moya. next week after delivering the final 1/4 point rate hike.” analyst at the online exchange OANDA.
SELL XAUUSD zone 1987 - 1990
Stop Loss : 1995
My target will be 1965$ - 1955$
Note: Installing TP SL fully wins the market and is safe in trading
Xauusd4h
XAUUSDI Wanna See Gold Trade Down To Take The Internal Range Liquidity Then Trade Up To Take The External Range Liquidity, Simple.
But Alternatively They Can Run Out The Buyside External Range Liquidity Then Trade Down To Now Take The Internal Range Liquidity.
You Have To Understand That Price Either Moves From: External Liquidity To Internal Range Liquidity Or From Internal Range Liquidity To External Range Liquidity.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD SEL TREND + W PATTERN PROJECTReson Behind XAUUSD/GOLD Sell
1.Retesting teh Last Week Hight @ 1934 in the Week Opening
2. From 1934 which the candle Stick Makes the Double Top which make the asset to Continue the trend
3. If all happend with our Pojection the W Pattern Fomed over the suppport Zone
4. Obey uptrendline retest and make the Fall
Overall Possible Outcomes
XAUUSD SELL @ 1935-1940
SL 1960
TP 1 1905-1900
TP2 1850-60
XAUUSD: What will gold look?TECHNICAL ANALYSIS:
In chart D1, the upward trend remains evident. However, due to the growing economic and war situations, there is a significant chance that gold will continue to surge. There is still a likelihood of a trend reversal and a breakout from the uptrend when EMA 34 and EMA 89 start to turn and intersect. The RSI is still below average, indicating a precarious situation. Traders are advised to exercise caution before making any trades.
Market overview:
Gold prices rose by 1% on Thursday but retreated from five-day highs on Friday due to the strengthening of the US dollar, which recovered after the end-of-the-week flows and adjustments ahead of the upcoming US Consumer Price Index inflation data and the Federal Reserve policy announcements. Despite the Greenback bulls bouncing back on Friday, the US Dollar ended the week in the red for the second time in a row, which brought some comfort to Gold prices.
The US Dollar followed the minor rebound in the US Treasury bond yields across the curve, although United States government bond buyers remained in the game amid renewed economic concerns and heightened expectations of a Federal Reserve rate hike pause on Wednesday. Markets have predicted a 76% probability that the Fed will keep its Fed funds rate in the 5.00%-5.25% range when its two-day meeting ends on Wednesday. The recent series of downbeat economic data from the United States revived hopes of a halt to the Fed’s tightening cycle.
Early Monday, Gold prices remain vulnerable, with the US Dollar consolidating its upswing on Friday amid a cautiously optimistic market mood, as investors gear up for the key event risks of this week. The US CPI data will be released on Tuesday, with the market expecting the headline annual CPI figure to rise 4.2%
🥇XAUUSD:GOLD:🥇Dear Traders, we are in accumulation phase at the moment price have not been moving in any direction if you in longer timeframe. XAUUSD market has been messy mainly due to political and economic side which affecting investors to make a clear decision on gold. Furthermore, in our opinion GOLD will finally make a good move breaking out of this trap phase. If it does then we will have a great profitable week this week.
If you like our ideas then please like and follow for more.
Have a great weekend and trade safe.
XAUUSDAs there are rumours of FED going to increase the interest rates and other economic data not supporting DXY in a long term therefore we are expecting price to drop around 1945-55 and then reject from that region. We expect prices to bounce from that region and hit two of our targets.
Cheers, have a great weekend :)
XAUUSD BUY PROJECTION 11.06.23Looking at the daily chart of XAUUSD, we can see that the overall trend is bullish, with the price trading above its 50-day and 200-day moving averages. The price has also recently broken out of a short-term consolidation pattern, indicating a potential continuation of the uptrend.
The Relative Strength Index (RSI) is currently in overbought territory, which could suggest some near-term weakness or a potential pullback. That said, it's worth noting that the RSI has been in overbought territory for several days now without any significant selling pressure, so it's possible that the bullish momentum could continue.
In terms of key levels, the first level of support to watch is around $1,950, which is the recent breakout level and also coincides with the 50-day moving average. Below that, the $1,900 level could provide additional support.
On the upside, the next level to watch is the recent high of around $2,075. A breakout above that level could signal a continuation of the uptrend, potentially targeting the 2020 high around $2,075.
Overall, while there could be some near-term volatility or potential pullbacks, the technical outlook for XAUUSD remains bullish in the medium to long term. It's important to always use proper risk management techniques, such as stop-loss orders, when trading or investing in any financial instrument.
XAUUSD: June 5th - June 9th Trading Signals
In the past week, a lot of things happened in the market and a lot of data was released, but because of data hedging, gold did not fluctuate greatly, with a minimum of 1933 and a maximum of 1983. Nevertheless, we also made good profits. I love it so much!
Now, follow me as we make beautiful plans for our deals this week!
This week, there are not many important data, mainly the initial jobless claims on Thursday.
Because of last week's data, the market volatility should be very large on Thursday, which is the focus of our trading! Based on the analysis of the data last week, it is expected that this time it is more likely to be beneficial to gold bears, because the announced NFP value in May has increased significantly compared with April, and although the unemployment rate has also increased, the magnitude is not large , at the same time, consumer confidence is also improving, which shows that the situation has gradually improved.
In terms of technical form, the 1D chart has not yet formed a bottom pattern, but there is support near 1933, which is the support level of the upward trend, and it is a very important position. If it breaks the support, then the probability of it falling below 1900 is as high as 80% Above, if the data is as we expected, gold is likely to fall to around 1864.
In the 4h chart, there is a chance to form a W bottom (double bottom). Last week, it was supported at 1933 and rose to 1983. It did not break through the resistance of 1985. If a double bottom is formed this week, 1985 will be broken. Therefore, on Thursday In the previous trading, I will focus on long trades, and on Thursday's data, I will be short.
I will update the daily transaction below the view, after clicking follow, you will receive information every time I update.
Trading Signals:
buy:1938-1926
tp:1977-2003
sl:1923
sell: 2003-1985
tp:1933-1879
sl:2009
XAUUSD-1920 IS THE NEXT TARGETHey Everyone, following our last setup on gold, as we had pointed out that price will come to area of 1970-75 and will reverse from there, price just did that. We now have gap to be filled, however, price have shown no strong bullish intent since the London Session. Strong bearish presence is there as we look in to the price movement and behaviour.
-Either you can sell now with a greater stop loss or wait until New Session Begins. The target will be 1920.
Good Luck and Trade Safe