Xauusdtrading
XAUUSD Important Plans / LevelsWell we mentioned also on XAUUSD we can LIGHTLY long if confident enough.
So there is your bounce. It's up to early resistance and you have the chance to exit..
If you do not exit are you willing to be dragged lower?
Does there look like a tight or wide profit margin?
All questions one must ask..
⭕Best BUY & SELL areas GOLD 💣🧨🔰You can see the gold analysis in the 15-minute time frame (XAUUSD_15min)🔍
✴️As is evident in the picture, the price is falling❗❗ The price can perform an uptrend up to the resistance🧡 line and downtrend🖤 line in the overlap of the DEMAND area and the uptrend🖤 line and 61.8% retracement fibonacci 💜 (from point A_B). If it breaks the resistance🧡 line upwards, it can climb to the SUPPLY range, if it can also break the mentioned SUPPLY range upwards, it can have another upside to the next supply range🧐🔺
But if the price can stabilize itself below the uptrend🖤 line, it can have a downtrend to the DEMAND range🧐🔻
which direction will the price go to the GREEN💚 side or the RED❤️ side❓❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
____________📈TRADER STREET📉_______________
⭕️BEST place and price for BUY GOLD❗️
🔰You see the analysis of the GOLD in four hours ( XAUUSD , 4H) ❗️🔎
🔰BUY Limit XAUUSD at 1833
✅TP ; 1873 (+4000 pips)
❌SL ; 1820 (-1300 pips)
📊R/R ; 0.32 (This number is derived from the division of Risk to Reward and must always be less than one, and the less it is, the better🧐)
🔰BUY Limit XAUUSD at 1833
✅TP ; 1900 (+6700 pips)
❌SL ; 1820 (-1300 pips)
📊R/R ; 0.19 (This number is derived from the division of Risk to Reward and must always be less than one, and the less it is, the better🧐) 🔥🔥
🔰Due to the gold downtrend, the best area for buying is at the cross of the uptrend line and the demand area and support line. The first target is on the Nanji Rang resistance line and the second target is in the confluence of the downtrend line and supply range.💰👌
⚠️⚠️🔥Take a look at GOLD Analysis step by step on YouTube🔥⚠️⚠️
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
_______________________📈TRADER STREET📉________________________
XAU/USD. Short, H+S pattern R:R - 5:1 !!!!Hello traders, I'm back,
Gold appears to have formed a head and shoulders pattern on the 1 hour timeframe as displayed on the chart. I believe at some point tomorrow that the $1952 major trend line will be tested, this trend line also coincides with the 61.8 fibonacci retracement of the bullish gold outbreak since the Russian invsaion of Ukraine. Now the question is where to short in order to achieve the highest risk to reward. I have noted a bearish order block that I believe will be retested at the $2010 area. So I would set sell limits to around the $2008 / $2009 level and watch how price reacts if it reaches this level.
Fundamental bearish factors:
Zelensky considering a 'neutral' Ukraine in order to prevent more loss of life, neutral being agreeing to not join NATO.
Supply chain shortages are easing as oil CEO's don't increase output because they are aware this oil bubble will be very short-lived and is already close to popping
COVID gone for good so less risk of future inflation
Note: CPI data tomorrow so expect increased volatility and larger than normal wicks on the smaller timeframe. We will get a good idea of the markets direction for the rest of the month based on how today ends.