Premium Gold idea $$$ #xauusd
Updated
The XAU/USD (gold) pair is currently experiencing a wick down, indicating a temporary bearish movement in the market. Despite this short-term dip, the overall sentiment for gold is becoming increasingly bullish for day trading. Many traders view this as a buying opportunity, as gold is seen as a safe-haven asset during times of economic uncertainty. The recent dovish stance of central banks worldwide has further boosted the appeal of gold as a hedge against inflation and currency devaluation. From a technical standpoint, the wick down may be considered a retracement within a larger uptrend. Traders may look for buying opportunities near key support levels or trendlines to capitalize on potential upside momentum. Overall, with strong fundamentals and technical signals aligning, the XAU/USD pair is likely to resume its bullish trend in the near future, making it a favorable option for day traders.
entry :2309.32 - wait for the wick down first then as it comes back up enter
SL: this is the wick down I'm talking about allow market to wick down first then when you see a clear buy signal get in
TP1 2319.09
#XAU/USD #gold #marketanalysis #bullish #daytrading #safehavenasset #economicuncertainty #dovishcentralbanks #inflationhedge #technicalanalysis #supportlevels #uptrend #buyingopportunities #traders #riskmanagement
Like share comment and hit the follow button for more premium Free ideas thanks
Trade God out
entry :2309.32 - wait for the wick down first then as it comes back up enter
SL: this is the wick down I'm talking about allow market to wick down first then when you see a clear buy signal get in
TP1 2319.09
#XAU/USD #gold #marketanalysis #bullish #daytrading #safehavenasset #economicuncertainty #dovishcentralbanks #inflationhedge #technicalanalysis #supportlevels #uptrend #buyingopportunities #traders #riskmanagement
Like share comment and hit the follow button for more premium Free ideas thanks
Trade God out
Trade active
lets go $$$Note
So we know that it will wick down first so we need to be seeing where we can get in for a buy after it finished wicking downwardNote
Everything is going as planned ...look for clear buy signal
V shape with the Lows
maybe even use a Williams alligator
Note
we are now bleeding down as planned lets see how low we wick this is interesting How low can you go ???
Note
we are still wicking and wicking and wicking ... down lets see that buy signal should be soon brace for impactTrade active
is this the reverse
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.