Strategic Analysis: Key Pivots in Market Dynamics
Updated
Hello Everyone,
The current inquiry revolves around whether there will be a continued decline or an immediate upturn. Rather than attempting to forecast short-term shifts, it is advisable to focus on pivotal points (PP) and respond accordingly. The 1-hour PP at 2019.08 is a crucial level where the trajectory of prices may alter. The initial PP to undergo evaluation is the 1-hour mark; if the price surpasses and firmly maintains a position below it, there could be a descent towards the 2017.689-2015.757 levels, serving as the primary indication of direction.
Moving forward, the second key point is the 1-month PP at 2006.693, supported by a support structure ranging from 2025.252 to 1970.135. It is essential to exercise patience and avoid making impulsive decisions to ensure the price establishes robust support. Notably, there was a prior positive response around 1979.198, which may recur. Maintain vigilance and prioritize a cautious approach.
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TradeWithTheTrend3344
The current inquiry revolves around whether there will be a continued decline or an immediate upturn. Rather than attempting to forecast short-term shifts, it is advisable to focus on pivotal points (PP) and respond accordingly. The 1-hour PP at 2019.08 is a crucial level where the trajectory of prices may alter. The initial PP to undergo evaluation is the 1-hour mark; if the price surpasses and firmly maintains a position below it, there could be a descent towards the 2017.689-2015.757 levels, serving as the primary indication of direction.
Moving forward, the second key point is the 1-month PP at 2006.693, supported by a support structure ranging from 2025.252 to 1970.135. It is essential to exercise patience and avoid making impulsive decisions to ensure the price establishes robust support. Notably, there was a prior positive response around 1979.198, which may recur. Maintain vigilance and prioritize a cautious approach.
Don't forget to hit that Boost button to support us!
TradeWithTheTrend3344
Note
The specified key levels for Simple Moving Averages (SMA) and Exponential Moving Averages (EMA) are as follows: 5SMA at 2017.232, 20SMA at 2018.35, 50SMA at 1982.191, 200SMA at 1956.057; EMA 5 at 2019.814, 20EMA at 2011.254, 50EMA at 1985.429, and 200EMA at 1936.994. It is highly likely that these designated levels may trigger a price reaction.Note
XAU/USD has support at the 1-hour pivot point of 2019.080 and was unable to surpass it. Our current focus is on a breakthrough and sustained position above 2033.66. It's noteworthy that there is robust daily support at 2017.522. As Tuesday's news is pending, there is no urgency, and we have ample time to monitor developments.Note
We're set to go as long as the price remains above 2033.66 – it's a green light!Note
If you haven't yet take profit for now at 2045!Note
Happy Holidays!
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