Xau-usd
Gold OutlookIm looking for a short opportunity on gold tomorrow.
I want to see a push up towards the 1 hour fair value gap & the 4 hour resistance.
We have equal lows, which means there will be liquidity that will need to be taken (potentially).
Gold has also taken buyside liquidity at 2003 dollars, so this could give price action stronger bearish momentum.
SELL TRADE SETUP ON XAUUSDHey Traders,
Gold fell from HKEX:2 ,490 mark on Friday amid FOMC data release.
I am expecting a much further sell-off from there and then wait for what the market got to do afterwards.
However, break of the bullish flag pattern should be waited on and then entry can be look for on 15Min timeframe for the retest.
Watchout Out.
Gold: Buying OpportunitiesGold broke out of a bullish flag pattern targeting $2026. However, profit-taking and the need for liquidity may push it to $2060. I suggest buying between $1996-$1980, which has many support levels. If the price rises before correcting past $2030, it may continue to rise without correction.
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XAUUSD Outlook 11 April 2023Gold is back at the key level of 2000 the round number major resistance, which now aligns with the 38.20% fib retracement level.
Anticipating further weakness in the DXY, this could see Gold climb higher, breaking above the resistance level, and continuing with the overall uptrend.
A break of the resistance could see the price climb to retest the previous high of 2031.60
XAUUSD Potential Forecast | 10th April 2023
Technical Confluences
1. GOLD is reached the 2k regions.
2. Important psychological level/ all time highs at 2067.
3. Bullish trend on GOLD with HH and HL forming.
4. Price has rejected the H4 support at 1989 and is currently showing bullish PA.
Idea
We are looking for price continue heading bullish to tap into the nearest swing high at 2032.
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XAUUSD...DTPB (45m)TP1 @ 2020 conservative
BLO @ 1968
SL @ 1945
ADDITIONAL INFO:
— The BIG PICTURE for this instrument is an UT
— However, I'm anticipating being able to capture this UT at a lower price point
— Expect ALL NEW HIGHS over the years, due to the UT formation on the 4D
— Due to ALL NEW HIGHS, you'll have to monitor your positions with a Trailing Stop (Manual)
— This will be a long term investment
BLO = Buy Limit Order
DTPB = Downtrend Pullback
SL = Stop Loss
TP = TAKE PROFIT
UT = Uptrend