XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, the DOWNSIDE WAVE, GOLD went down very fast. Because of 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 SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. CPI DATA was quite POSITIVE this week.
Anyway we expect GOLD to go DOWN to 1936 LEVEL. Before that GOLD can go up to 2051 LEVEL with the FOMC UPDATE. Stay tuned.
Xauusdsetup
XAUUSD SELL PROJECTION 21.05.23Reason Behind the Bearish in the Following Week
Tecnically Reason
1. Double Top formed the Major Top @ 2050 and tends teh bearish Moment in last week and continuation in Fowwing Week too
2. Bearish Reversal M Pattern Spotted ober the Zone and which make the contination to 1900 after the retest of Immedaiate Support @ 2000 which due to Powells increase in Intrest rate
3. Clear Break Below 1950 which Moves Safe heaven to 1900 and Lower
Fundamental Reason
1. Dxy Beaked the 4h downtrenfd 102 and which retest the 101 which helps to reach 2000 and continuation of breakout lead DXY to 105 anf make XAUUSD/GOLD to 1900
Overall Possible Outcomes
XAUUSD SELL @ 2000-2005
SL 2027
TP1 1950
TP2 1900
XAUUSD- LAST SETUP DROPPED 400 PIPSDear Traders, in our last setup we had two options either for the price to drop from that current price region or go up to 2000 region and then drop from there. Price dropped as it was described till 1950-53 region and then rejected and bounced back currently running 140+ pips.
We are now expecting price to touch 2000 region before it drops further.
From one setup we have accumulated 540+ pips, and that is just the beginning. More setups will be posted, keep supporting by liking and following our page.
Good luck and happy trading
XAUUSD:Short and long trading points
Last week we made a good profit on gold trading and look forward to continuing to make more profits this week.
This is the 4h chart of gold. I have observed its MACD and the arrangement of the moving averages. It is beneficial for short positions, so in the overall trading next week, I plan to focus on short selling, as long as the resistance level 2026-2038 is not broken, The probability of short selling to make money is very high. For the target below, we refer to the previous support, which are 1 998, 1992, 1987, and 1978 . When it falls below 1970, our short target can be at 1959. This is a relatively distant target. It takes a process to achieve it, and the market is changing at any time. Our strategy also needs to be adjusted according to its changes.
Trading Signals:
sell: 2011-2023
tp:1985-1959
sl:2027
buy: 1992-1985
tp:1998-2003
sl:1979
This is a trading strategy for a large range. Specifically, I will adjust it according to market changes. Starting tomorrow, our trading will be carried out in the range of 1959-2023, and we look forward to making satisfactory profits.
Traders, I hope my signals can bring you profits, if you like my views, please support me and follow me!
GOLD Full Analysis,Scalping Long Setup And Long-term Short SetupThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
XAUUSD: Sell
The 30m chart is in the form of a head-and-shoulders top. Now is the time to rebound and test the resistance of 2028-2030. From the analysis of the shape, it is more likely to be suppressed again and continue to fall. It will break through the low point of 2021. My expectation is to fall to 2018 -2008. So my trading view is to continue to be short gold.
Trading Signals:
sell: 2028-2032
tp:2018-2008
sl:2038
XAUUSD: Sell
The CPI data released today is bullish for gold. Gold rose to around 2047 and then fell back. It is currently near the support of 2028. In the 30m chart, MACD has formed a dead cross. In the absence of data, it is unlikely to rise to 2047 , so my view is short.
Trading Signals:
sell: 2028-2032
tp:2018-2008
sl:2038
Traders, I hope my signals can bring you profits, if you like my views, please support me and follow me!
XAUUSD Gold NEXT MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Break of Structure
Completed " 12345 " Impulsive and " abc " Corrective Wave
Bullish Channel in STF
Impulse Correction
SMC - CHOCH / Weak High
Divergence
Bullish Channel as an Correction in Long Time Frame and Rejection from the Upper Trend Line
XAUUSD Gold New Week Possible MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Break of Structure
Symmetrical Triangle as an Correction in Short Time Frame with the Breakout of the UTL and Retracement
CHOCH
Completed " ABC " Corrective Wave
Divergence
Bullish Channel as an Corrective Pattern in Long Time Frame as an Corrective Pattern
XAUUSD Gold New Week Possible MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame
Break of Structure
Completed " 12345 " Impulsive Wave and " ABC " Corrective Wave
Resistance Level
Divergence
Impulse Correction Impulse
Fibonacci Level - 100%
SMC - CHOCH / Weak High