👑 Ideas For XAUUSD / GOLD
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GOLD is is forming a sideways range and continues to test a strong resistance area. Bulls and bears continue to fight and still cannot share a strong area. Possible shake-up
Gold is in the active phase of the correction, which started as early as last Friday and we were ready for it. The price is already down 5.7% from the high and most likely this is not the limit. A descending price channel starts to appear on H1, which generally determines the medium-term outlook for us.
Below the zone of 2330 a range is formed with the purpose of accumulation of potential. At the same time the price is testing resistance and there may be a shakeout or price entry into deeper liquidity areas with the purpose of further decline.
Resistance levels: 2330, 2355, 2365
Support levels: 2305, 2290, 2267
The liquidity area on the resistance side may be tested with the aim of further decline, as the market is currently in a downward correction phase.
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#XAUUSD 👑
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Читать полностью…👑 Ideas For XAUUSD / GOLD
📈 GOLD → Bears win. Downward counter-trend correction ↓
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GOLD is entering the correction phase. Earlier, based on technical and candlestick nuances on D1, I warned about the approaching decline. Gold is eliminating buyers and apparently heading towards 2267, 2228
On H1 the price is forming a bearish momentum, since the opening of the session on Tuesday, the price has overcome a 1.8% retracement. The reasons for the fall may be both profit taking in the 2400 zone, after which the market maker changed the course to liquidate traders and balance the market (I remind - at the moment the imbalance is in favor of buyers), and the correction after a strong rally, the price is heading downward in order to find strong support zones and form a market bottom.
Resistance levels: 2300, 2305, 2328
Support levels: 2267, 2250, 2228
Today traders are waiting for PMI. Positive data for the dollar will only strengthen the fall of gold, but the negative PMI will weaken the strong fall. But, in general, at the moment, the medium-term course of the metal is clear to everyone.
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#XAUUSD 👑
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Still, we were prepared for such a decline in gold.
If you read the idea, you may have noticed that I was pointing out the preconditions that led to the big player collecting liquidity at the expense of buyers to go down.
Result: Resistance is retested and the sellers (the big player) no longer let the price go beyond the resistance of the 2400 range. This is followed by a fall of 450 pips ;)
at the moment 2400 is a strong limit resistance. A correction phase is forming.
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Learn to analyze, not trade by feel. You need to understand where the price will go and follow it, only in this way you can make money.
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Читать полностью…👑 Ideas For XAUUSD / GOLD
📈 GOLD → The price is not falling on the US news. Target 2450?
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GOLD is showing strength as a hedge asset. The price continues to indicate to us that it intends to go even higher. The market is cleaned up after the shakeout and the big player continues to play his game
Bulls form another intermediate bottom at 2365, building a limit support area. The price bounces and strengthens almost to 2400. Gold shows itself as a safe asset and finds interest from investors.
On H1, the price breaks local resistance and heads towards 2400. At the moment, the market's target is to break 2400 and reach the liquidity area of 2431.
Resistance levels: 2431, 2400
Support levels: 2371, MA-50, 2365
Technically, this is a strong bull market. It is worth looking for strong support areas to buy or strong resistance areas to trade on a breakout. Potential target is 2400, 2430, 2450.
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#XAUUSD 👑
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#GOLD Buy📈 at 2372
StopLoss❗️: 2368
Scalp trading:
Take Profit 1️⃣: at 2376
Standart trading:
Take Profit 2️⃣: at 2389
Swing trading:
Take Profit 3️⃣: at 2408
New Signal⚠️
#GOLD Buy-limit 📈 at 2320.19
StopLoss❗️: 2315.95
Scalp trading:
Take Profit 1️⃣: at 2325.97
Standart trading:
Take Profit 2️⃣: at 2337.80
Swing trading:
Take Profit 3️⃣: at 2345.87
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Be sure to use a stop loss❗️
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You can do:
Move the SL to entry after reaching TP1
Move SL on TP1 after reaching TP2
Close part/all of the order at TP1
Close part/all of the order at TP2
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Читать полностью…New Signal⚠️
#GOLD Buy📈 at 2314.21
StopLoss❗️: 2310.48
Scalp trading:
Take Profit 1️⃣: at 2318.29
Standart trading:
Take Profit 2️⃣: at 2329.42
Swing trading:
Take Profit 3️⃣: at 2339.45
— — — — —
Be sure to use a stop loss❗️
— — — — —
You can do:
Move the SL to entry after reaching TP1
Move SL on TP1 after reaching TP2
Close part/all of the order at TP1
Close part/all of the order at TP2
👑 Ideas For XAUUSD / GOLD
📈 GOLD → The structure of the bull market is at risk. 2300??
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GOLD is breaking the bullish trend structure, earlier I pointed out that the market is preparing for a reversal amid liquidity capture at the expense of buyers. The market is testing support for a breakout
Selling since the opening of the session. Price is testing local lows and forming an entry into the risk zone. Possible shakeout before the subsequent fall. Last week a major player was collecting liquidity at the expense of buyers, this can be seen in the long tails of daily candles, volumes and trading relative to the 2400 zone.
At the moment we should pay attention to the zone 2354 - 2365. There may be an active struggle in this zone (shaking, level sawing, long consolidations), but now there is a prospect of correction to 2330, 2300
Resistance levels: 2365, 2400.
Support levels: 2354, 2328, 2300
Technically, strong sellers are emerging in the market and they are building limit resistance zones. The market is not ready to pass through 2400 yet, so we should wait for a sideways range or correction
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#XAUUSD 👑
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Читать полностью…👑 Ideas For XAUUSD / GOLD
📈 GOLD → One step away from a correction? What's going on?
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GOLD is stopping after a strong rally. The price tests 2400 and forms a local maximum, but what is surprising is that the market does not let the price beyond 2400 yet
The market is starting to gain liquidity at the expense of the buyer. Price comes back into the range after attempting to break 2400 and eliminates the buyers. The first bells are appearing for a possible start of correction after a strong rally.
At the moment it is worth paying attention to the range 2365 - 2400, there is a chance that the price will stay inside this corridor for some time. Since the trend is bullish, we should still expect growth in the future, but there is a risk and panic area on the chart, if it is broken through, a deep correction to 0.382 Fibo or 0.382 on D1 may start.
Resistance levels: 2400, 2418, 2431
Support levels: 2365, 2300
The bullish trend is in priority and it is worth to build your trading strategy in relation to the trend. False break of 2365 and consolidation above 2372 may favor the growth, as well as break and consolidation of the price above 2400.
But the chart is beginning to show the preconditions for a possible bearish correction. We continue to watch the level of 2365. Breakdown, updating of the local minimum of 2352 and consolidation of the price below this area will form a downside potential
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#XAUUSD 👑
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📉SELL LIMIT XAUUSD at 2379
StopLoss❗️: 2384
Scalp trading:
Take Profit 1️⃣: at 2370
Standart trading:
Take Profit 2️⃣: at 2358
Swing trading:
Take Profit 3️⃣: at 2330
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