Price has reached 50 MA on Weekly TF and major trend line with a golden Fib zone. Potential to the upside in probable. Entry: 22.016 SL: 21.691 TP: 23.037 Risk 1% RR 1:3
As we all knows that US government has just $38 Billions to pay its debts. The economy of US is standing on very critical edge. Anything can be happened.
Today early morning XAUUSD has breakout its sideway box on 15 minutes time frame. I am much sure that from 2020 it will rise to hit its defined take profit zones.
GOLD (XAUUSD) took support on its previous level. I think first GOLD will move in zig zag and then it will take off to 2030.
Gold BOS on 4h timeframe. Demand zone for long 1965-54. stop loss below 1950. target: 2055
XAUUSD moved sideway last week and trading in tight range bound. USD (DXY) is still weak and by this GOLD may rise again to it's previous HIGH. Wait for the rejection on that level to sell it again.
Here's my prediction. Fairly certain of this one. Time will tell but don't take this as any kind of financial advice - coz it's not.
As we can see, GOLD is rejected from its resistance level. There is a one more resistance to the upper side which is also possible to retest it.
GOLD (XAUUSD) is in selling mode DXY (Dollar Currency Index) is rising. I think GOLD may rise to 1820 - 1825 then falling will be expected.
GOLD will fall more after the rejection from the supply zone. I suggest you wait for the rejection then sell it.
Gold roses since December 2022 to January 2023 and now it gives us breakout to downside. I think it will continue to fall. As we can see that GOLD is making channels which is giving us good opportunity to sell it.
Gold broke 1908 & 1918 strong resistance level May 2022. Demand zone for long as 1899 & 1893. stop loss: 1890, target: 1965.
#XAUUSD According to the analysis we gave to XAUUSS earlier, GOLD went UP very fast in the previous weeks, BREAKING the TREND LINE. Due to this US10Y went down. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK. RETAIL SALES, NFP and PMI DATA, CPI DATA...
As we all know, US has increased its interest rate from 3.25% to 4.00% by this USD will get stronger. I believe GOLD will fall back to 1640 and then 1620.
On Friday, Gold was fall badly and reached to 1640 level due to USD strongness by Q3 GDP positive data. Now for the next 2 days USD may be weak and GOLD will fly but after the Interest of US, Gold will fall back. Follow the chart.
Hy team hope you all are enjoying our ideas and analysis. Now we are here to discuss about XAUUSD. XAUUSD is already below the main resistance area. And now here this is also going to break symmetrical triangle Pattern. This is exactly on the way to our main Target price that is around 1550 to 1500. Keep in touch we will update further soon.
So gold currently moving in a downtrend channel & also formed a small timeframe structure while facing recent resistance at 1671.26 & support at 1653.99. now if price respects the resistance & breaks out of the support at 1653.99 then price might continue to push down to retest the next HTF support at 1644. 40 while still moving in respect to the...
The GOLD market is standing on its Supply zone. If Dollar Index rise then better to sell GOLD.