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XAUUSD 15/5/23 Outlook. Gold to the 1980s?Good evening gold gang! hope your weekend was a good one! We are back, recharged and ready once again for the gold outlook. Lets lock it in .. We are approaching a very strong daily level here that has seen price bounce from many times and a strong close below can mean we will finally start coming back down to the mid 1900s once more. Couple this with a strong DXY push indicating dollar strength .. we could be starting the dollar domination once again. DXY is due a small pull back though as it pushed heavily last week .. so we may see a little upside at the beginning of the week. Buys and sells are on there .. and as usual for those asking, i wait for clear closes in these areas before taking trades and target where stated. I am also not greedy and pay myself along the way as we take what the market gives us, not what we hope it gives us. Ill be updating during the day on this chart any changes made .. so make sure you follow along! Smash the boost button if you're ready to make some cash this week see you in the morning for london TommyXAU
OANDA:XAUUSD
by tommyXAU
10
GBPJPY SHORT SETUP H1GBPJPY is presenting a bullish structure this morning. The price is approaching the 170.48 area, where we have a supply zone. At that point, the market formed a short setup on May 10th, confirmed by the Forex48 1.0 strategy. Additionally, the price at this point could bounce off a bearish trendline, completing the third touch. The target for the short entry is indicated in the 168 area. Let me know what you think. Happy trading to everyone. Forex48 Trading Academy
Short
by Forex48_TradingAcademy
XAUUSD Bullish Triangle H1XAUUSD presents a bearish triangle with two possible scenarios. Currently, the price is in the 2018 supply zone after a false break of the trendline. The objective will be to wait for a confirmation of a breakout either to the downside or to the upside of the triangle. The upside breakout seems to be more likely given the negative sentiment towards the dollar and the positive weekly prospects for the euro. I recall the data on the dollar this week. Let me know what you think. Happy trading to everyone. Forex48 Trading Academy
OANDA:XAUUSDLong
by Forex48_TradingAcademy
XAUUSD Ready for the big news tomorrow! On gold, we have a complicated setup, with the sudden strengthening of the dollar despite the negative scenario, while gold tries to push towards 2100. Currently, we have a price around 2015 within a strong demand zone. The objective will be to wait for a long or short setup within this zone, with a target of 2050 in case of a long trade and a scenario of 1976 in case of a short trade. Let me know what you think. Happy trading to everyone.
OANDA:XAUUSD
by Forex48_TradingAcademy
AUDCHF Setup H1 - Is It short?On AUDCHF, the Forex48 strategy has identified a supply zone at 0.6030, where a setup for a short trade has formed. Currently, we have a weak AUD, but it could recover and potentially bounce back to the mentioned zone overnight after the news. However, I predict a decline with the strengthening of the Swiss Franc, which is traditionally a safe haven currency, given the weak strength of the dollar in this historical period. Let me know what you think. Happy trading to everyone. Forex48 Trading Academy
Short
by Forex48_TradingAcademy
XAUUSD is on FIRE!!! Gold to 2100I have to be honest, the week started off great on this pair. Forex48 strategy is already up +16%. Overall, we have gold that is caught in a vice between a demand zone around 2015 and a supply zone around 2060. After today's movement, the direction of gold is even clearer. We have a price that is heading towards 2100. The dollar no longer has strength, a currency that is facing its worst crisis since the post-war period. Unfortunately, all we can do is profit from it. Let me know what do you think. Have a nice trading. Forex48 Trading Academy
OANDA:XAUUSDLong
by Forex48_TradingAcademy
1
GBPNZD Short Setup H1On this pair, we have a price that is located at 1.9830 within a really strong demand zone. Using the Forex48 strategy, I have identified a supply zone around 1.9940, within which a bearish setup has formed. As you can see, I have marked my entry point in yellow. So, to summarize, I will wait for a price bounce in the 1.9940 area, after which I will open a short trade with a target of 1.97. Let me know what you think. Happy trading, everyone. Forex48 Trading Academy
Short
by Forex48_TradingAcademy