🔰 Pair Name : XAU/USD
🔰 Time Frame : 4H/1H
🔰 Scale Type : MID Scale
🔰 Direction : SELL
📊 Hey there, fellow traders! Let's dive into some technical analysis for Gold:
🔍 The shiny metal has been giving us a run for our money as it struggles to breach the crucial Resistance zone at $1,945.80 - $1,948.80. This lines up with the pivot line of $1,930.80 - $1,932.80, which happens to be the Weekly Low's territory. 📉 As things stand, we're seeing what could potentially be a temporary Top formation, raising the question of whether we're entering a Higher Low's Upper zone on the Hourly 4 chart, stemming from the mid-July Low's.
🐻 The Hourly 1 chart isn't holding back either, turning Bearish. This isn't unusual after peak formations. In our book, this indicates a natural response. Considering the Weekly timeframe, we've got our sights set on a pullback toward the Daily chart’s Medium-term Support zone around the psychological benchmark of $1,900.80. Keep in mind, if this Bearish pattern continues, this level might just transform into a sturdy Resistance point in the Medium-term. 🛡️ This is where we'll be looking to rake in profits, with an eye on an extension toward $1,700.80, embracing those Lower Low's.
💼 Just so you know where we stand, we've been firmly on the Selling side. Our expectations are leaning towards a break below the $1,927.80 Support and a trial of the $1,900.80 benchmark. Our selling order is already in motion, with an entry point at $1,936.80. Ready to ride the wave towards those Lower values! 🌊
As always, remember that the DX is the key player in keeping Gold grounded, while on the other side, Bond Yields have encountered a tough Resistance and have set off a series of selling candles. 🕯️ Happy trading, and let's keep those profits rolling in! 🚀💰 #GoldAnalysis #TradingWisdom
🔰 Time Frame : 4H/1H
🔰 Scale Type : MID Scale
🔰 Direction : SELL
📊 Hey there, fellow traders! Let's dive into some technical analysis for Gold:
🔍 The shiny metal has been giving us a run for our money as it struggles to breach the crucial Resistance zone at $1,945.80 - $1,948.80. This lines up with the pivot line of $1,930.80 - $1,932.80, which happens to be the Weekly Low's territory. 📉 As things stand, we're seeing what could potentially be a temporary Top formation, raising the question of whether we're entering a Higher Low's Upper zone on the Hourly 4 chart, stemming from the mid-July Low's.
🐻 The Hourly 1 chart isn't holding back either, turning Bearish. This isn't unusual after peak formations. In our book, this indicates a natural response. Considering the Weekly timeframe, we've got our sights set on a pullback toward the Daily chart’s Medium-term Support zone around the psychological benchmark of $1,900.80. Keep in mind, if this Bearish pattern continues, this level might just transform into a sturdy Resistance point in the Medium-term. 🛡️ This is where we'll be looking to rake in profits, with an eye on an extension toward $1,700.80, embracing those Lower Low's.
💼 Just so you know where we stand, we've been firmly on the Selling side. Our expectations are leaning towards a break below the $1,927.80 Support and a trial of the $1,900.80 benchmark. Our selling order is already in motion, with an entry point at $1,936.80. Ready to ride the wave towards those Lower values! 🌊
As always, remember that the DX is the key player in keeping Gold grounded, while on the other side, Bond Yields have encountered a tough Resistance and have set off a series of selling candles. 🕯️ Happy trading, and let's keep those profits rolling in! 🚀💰 #GoldAnalysis #TradingWisdom
Trade active
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Comment:
📈🔔 Latest Gold Update Alert! 🚀🔥
🔍 Dive In: Let's explore the latest insights on Gold! 💎📊
📊 Technical Overview: Gold's recent movements have caught our attention. 📈💡
Stay tuned for all the details! 🕵️♂️🔍
🔍 Dive In: Let's explore the latest insights on Gold! 💎📊
📊 Technical Overview: Gold's recent movements have caught our attention. 📈💡
Stay tuned for all the details! 🕵️♂️🔍
Comment:
4H KEY LEVEL BROKE, GOLD WILL GO DOWN FROM 1924, FOLLOW THE POST ABOVE.
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📚🌝🗞All the released data points have shown signs of inflationary pressure, with figures either surpassing the previous month or holding steady. This collective trend signifies an expansion in the US economy, which in turn contributes to bolstering the strength of the dollar. As the economy grows, it also raises the specter of a potential interest rate hike by the Federal Reserve in September. Stay informed about the broader economic landscape as you assess potential trading opportunities. 📊📈💹 #MarketAnalysis #USDStrength #FedPolicy
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Check out our gold trade!
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Nearly 170 pips in profit!
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Comment:
AGAIN LIQUIDITY FIRST BEFORE ANYTHING ELSE FURTHER
Trade closed: target reached
🕯️ If this hourly candle manages to close below the 1924 mark, you know exactly what that signals. 📉 Stay vigilant and keep a keen eye on this development, as it could carry significant implications.
🚨 This kind of movement might indicate a shift in the market sentiment or direction. So, buckle up and be ready to adapt your strategies accordingly. The hourly close could hold the key to potential moves ahead.
📊 Always remember, the candles hold secrets that guide our next steps. Let's see where this one takes us! 🕵️♂️ #MarketWatch #CandleClose