Considering the current range high to low is near 18% and Gold averages 10-15 max there can't be much upward movement left before the reversal or consolidation with a Liquidity sweep for next years run - if the DXY continues higher then it could be reversing/consolidating soon
OANDA:XAUUSD prices bucked its recent upward trajectory to a new all-time high reached on Monday. Bets on a Fed rate cut in June continue to strengthen the USD and act as a headwind. The downside remains muted amid persistent risk aversion and geopolitical risks. As expected, Gold prices corrected after hitting the Bull Flag target of $2,251 and a new...
Gold prices (XAU/USD) traded with a mildly negative bias entering the European session on Wednesday and retreated further from the vicinity of the all-time high retested today. before. Traders decided to trim their bullish bets following the recent strong rally witnessed over the past week or so and ahead of the Federal Reserve Chairman`s (Fed) congressional...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 1234 " Impulsive Waves. Bearish Channel as an Corrective Pattern in Short Time Frame. It has completed the Break of Structure and Retracement. 2036 - 2042 is Acting as a Strong Resistance in Short Time Frame , Possible Entry After Rejection or Breakout
This is 3M TF and if you look at 1W+ with RSI you will spot Divergence in every TF. Remember Powell will talk about Interest Rate Decision in about an hour, most likely they don't change and leave the rate as it is. And another thing is if Yield don't back off we most likely to see 1800.
Dear Friends, Swing Selling Setup was a successful setup we have ever had with 1170+ PIPS collected: moving on to our next possible price movement; we are now expecting price to be bullish to fill up the lq voided area. Like Our Work? Then do like and comment!!
So in the past weeks price has designed a beautiful perfect buy setup in gold, we can see gold fall more for this year but then later on a massive buy from the extreme demand zone.
As astute traders, we must always look for strategic entry and exit points. In this regard, I would like to draw your attention to the resistance levels set at Fibonacci retracement levels of 38.2%, 50%, and 61.8%. These levels have historically demonstrated their significance in the gold market, often acting as crucial turning points for price movements. Now,...
I would like to see the price target the liquidity side stacked above Also, I fear that the price will hit 1918 before going up
Position Trade - XAUUSD The Monthly Chart shows that there are SHORT opportunities as it is the only 2nd test of the HTF zone For a cleaner look of the MN Chart, In the Weekly chart, - There is little probability that the price will correct itself before coming down from the WK zone as the trade is already playing out. In the Daily chart, - Due to...
we will see a rejection of the Fibonacci golden zone after the price enters the sypply zone for a return to the demand zone
Het Traders, A break above the Resistance more bullish momentum, otherwise a break below the lower band intra-day channel could mean a heavy selloff! What do you think about this setup on XAUUSD ? Watchout!
#XAUUSD According to the analysis we gave to XAUUSS earlier, the DOWNSIDE WAVE, GOLD went down very fast. Due to the POSITIVE SENTIMENT against the dollar, US10Y rose due to this. Then Ibem became a GOLD SELL. Some FED COMMENTS and NFP DATA were very helpful. But last day all those LABOR DATA and INFLATION DATA INDICATORS were POSITIVE, so GOLD was slightly...
Dear traders gold respected last setup and we should be careful for tomorrow we have cpi and fed so don’t risk to much i expect gold if he breaks above 2006 you should look for buy wait for price action and if he reject zone 2015 and price close below you should look for sell. Trade safe and see you soon Good luck
following trend just doing with supply and demand i think gold will make new HL and doing HH that is the ALL TIME HIGH, maybe some big world news coming be carefull !!!
Reason for Bullish Technical 1. Retest Support of 1960 and Make Futher Bullish Movement 2. Expecting Breakup in Ascending Triagle Pattern which Push Higher to 2074 Fundamendal Dxy Clear Downtrend Continuation Retesting 103 and Make Lower Which Moves towards Our pattern Overall Possibel Outcomes XAUUSD BUY @ 1960 SL 1930 TP 1 2000 TP 2 2074
Hey Everyone, due to strong bullish momentum on DXY we have another highly probable buying area to consider taking. We are expecting a slow down on bullish momentum on DXY next week and that is why it is likelihood for this setup to work . Please Like and Follow it gives us encourage to share top quality ideas!!
As expected, due to the increasing risk aversion sentiment, BTCUSDT has continued to rise and has reached my second target of 27K, and the next target will be to push towards 30K. As previously emphasized, when the main force begins to push up, they will not provide very good entry opportunities, so any dip is an opportunity to follow the long position. 25K...