XAUUSD SELL PROJECTION 18.06.23Reason Behind the SELL Projection
1. Breaked teh Uptrend Line @ 1960
2. Candle Stick PatterN of Bearish Spinning Top Confirms Further SELL movement
3. Chart Pattern of Decending Triangle Pattern which determines the Bearish Continuation to the support of 1890
Overall Possible Outcomes
XAUUSD SELL below 1980
sl 2010
tp1 1930
tp2 1890
Xauusdforexsignal
XAUUSD:Trading advice for the day
Because Monday's market is not large, there is not much change in the session, closing around 1960, consistent with the high point of Monday's opening slight rise, according to the current market development, each cycle has obvious closing performance, whether it is a daily cycle or an H4 cycle, have their own range linkage, the daily cycle on Friday and Monday after the possibility of pulling the bears, today if it falls, you can go to the previous low of 1932, as for whether it breaks, it depends on the strength of the market, but the temporary daily close, Difficult to break the interval. Of course, conversely, if it unexpectedly goes higher, the top is still at the three peaks of the previous gold decline in 1985! H4 cycle close more obvious, Bollinger close, moving average glued near the Bollinger middle band, there is no direction to speak of, at this time the transaction should try not to do in the middle point, pay attention to the key points in the range, up and down can see the high and low in 1965-1950.
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XAUUSD BUY PROJECTION 11.06.23Looking at the daily chart of XAUUSD, we can see that the overall trend is bullish, with the price trading above its 50-day and 200-day moving averages. The price has also recently broken out of a short-term consolidation pattern, indicating a potential continuation of the uptrend.
The Relative Strength Index (RSI) is currently in overbought territory, which could suggest some near-term weakness or a potential pullback. That said, it's worth noting that the RSI has been in overbought territory for several days now without any significant selling pressure, so it's possible that the bullish momentum could continue.
In terms of key levels, the first level of support to watch is around $1,950, which is the recent breakout level and also coincides with the 50-day moving average. Below that, the $1,900 level could provide additional support.
On the upside, the next level to watch is the recent high of around $2,075. A breakout above that level could signal a continuation of the uptrend, potentially targeting the 2020 high around $2,075.
Overall, while there could be some near-term volatility or potential pullbacks, the technical outlook for XAUUSD remains bullish in the medium to long term. It's important to always use proper risk management techniques, such as stop-loss orders, when trading or investing in any financial instrument.
Gold - Selling pressure is weighing on sentimentOn Monday, there was a slight dip in the price of gold due to uncertainty surrounding the Federal Reserve's decision on its benchmark later this month.
This drop followed the release of stronger-than-expected Nonfarm data for May, which suggests a more hawkish outlook for the Fed and could lead to higher interest rates for longer.
As a result, non-yielding assets like gold may perform well in this scenario.
dditionally, the recent passing of a bill to raise the debt ceiling has increased investor risk appetite, leading some to move away from safe-haven assets like gold.
Looking ahead, it appears that gold may revisit the price range of $1965-$1970, with $1940-$1935 serving as a strong support area.
However, if this support zone is breached, a Sell fomo order may be activated, potentially leading to a price drop to $1900 in a short period of time.
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.
Wednesday Gold moves in a narrowing bandGold prices have been trading in a narrow range of $1,950-1,980 for almost a week.
This comes after the prices dropped below $2,000 level due to the uncertainty around the US default. C
opper prices have hit a six-month low due to weakening demand and global manufacturing activity.
The metals market has been under pressure as the US dollar has strengthened, with traders speculating that the Federal Reserve will maintain higher interest rates this year.
SELL GOLD zone 1985 - 1983
Stoploss: 1992
Take Profit 1: 1980
Take Profit 2: 1975
Take Profit 3: 1965
Note : TP, SL full to be safe and win the market !
XAUUSD:Gold once again shows the signal of the main bulls to ent
Through the analysis of the gold hourly chart, we know that gold has rebounded from the market so far, but the rebound space is limited. The reason why we think that the rebound space is limited. We can clearly see from the attached picture above that the main force of the bulls has always been Running in a weak area does not constitute a reversal. The main force of bulls has not yet controlled the market.
However, it is not ruled out that a further rebound due to the impact of the data news will reach the position of the upper pressure zone. Relatively speaking, there will be a wave of callbacks at that time. Although there have been signs of a Jedi counterattack, I personally think that the main force of the bulls should continue to shock and adjust to take time The method of changing space is to prepare for the further breakthrough in the later stage. In the short term, we will continue to use the high-altitude and low-many thinking first. For specific suggestions, please refer to the point participation in the previous research report.
XAUUSD - Scalping waiting Unemployment ClaimsGold price has broken short-term support and hit a multi-day low due to stronger US Treasury bond yields and the US Dollar.
The Federal Reserve officials' hawkish bias and the US debt ceiling concerns are contributing to this trend.
Bearish signals from the Moving Average Convergence and Divergence (MACD) indicator and a two-month-old bearish triangle pattern confirm the downward trend. However, the Relative Strength Index (RSI) line is below 50, indicating that the XAU/USD bears are waiting for sustained trading below the 50-DMA, around $1,984, before adding more short positions.
SELL XAUUSD 1992 - 1994
Stoploss: 1998
Take Profit1: 1988
Take Profit2: 1984
Take Profit3: 1980
HELLO TRADER ARE YOU READY 🔥
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.
Will gold eventually fall to 1936?Recently, gold has shown a volatile market in the range. After the rebound, the upward trend is under pressure simultaneously. While the rally is slow, it is accompanied by a decline, and the intensity of the second retracement has not been opened. After each decline, it seems that it is about to fall and break the level, but it always succeeds in a V-shaped reversal at the low level.
Gold's single-day volatility has gradually increased, and after a short-term surge or plunge, the continuity is not strong, and it is likely to come out of a V-shaped reversal market. Therefore, in this extreme market, I have reminded everyone not to easily chase up or short in operation, otherwise it will be easy to be swept back and forth.This undoubtedly increases the difficulty for us in short-term gold trading, so we must set the pace in trading.
Regarding the current gold market, a new volatility range has been formed in a short period of time. Before the direction of gold is chosen, I think gold will continue to fluctuate within the range. Once the long and short direction is determined on the fundamentals, gold may have a trend behavior.Judging from the current market situation, gold is still running short, and only when there is a complete stop-fall signal can there be a continued upward trend.
Then in the short-term operation, first observe the defensive situation of the 1980 first line below, and it is best to choose to sell gold after the gold rebounds; during the period, you can buy gold in small batches at strong support levels in a timely manner.
For the recent ups and downs of the market, over and over again, and frequent long and short conversions, there may be many friends in the trading, back and forth continuous loss orders.So whether it is a friend whose trading order is blocked or a friend who has recently lost money in a row, you can enter my channel through the link below.I have the real strength to help you solve the problem or satisfy your desire to make money. Welcome everyone to visit the channel!
XAUUSD Gold Next Possible MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame
Completed " 12345 " Impulsive and " ABC " Corrective Wave
Break of Structure
Symmetrical Triangle
Bullish Channel in Short Time Frame with the Breakout of the Lower Trend Line and Retracement
Divergence
Gold Breakdown Analysis 12/04/2023Dear traders gold respected last setup and we should be careful for tomorrow we have cpi and fed so don’t risk to much i expect gold if he breaks above 2006 you should look for buy wait for price action and if he reject zone 2015 and price close below you should look for sell. Trade safe and see you soon
Good luck
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, the DOWNSIDE WAVE, GOLD went down very fast. Due to 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 that GOLD will go UP to 2070 LEVEL. After that, GOLD may go down to the 1855 level with the FOMC UPDATE. Be careful..
XAUUSD: Bullish Pennant!In early Asia, the gold price XAUUSD is under significant strain due to the increase in pressure to use US inflation, following OPEC+'s surprising announcement of production cuts at the end of the week. The valuable metal has fallen below $1960.00 as there is hope that the Federal Reserve (Fed) will maintain higher interest rates for a longer period. With the expectation of a boost in the US growth rate, higher oil prices resulting from conflicting output cuts will make it impossible for the Fed to maintain a stable monetary policy in May.
The US Dollar Index (DXY) exceeded 102.70 due to the anticipation that the Federal Reserve (Fed) will continue to increase interest rates by 25 basis points (bps) to reach 5.00-5.25%. As a result, S&P500 futures contracts experienced a significant decline during early Asia, indicating a need for caution regarding the general appetite for risk. No information has been left out in this paraphrased text.
The Relative Strength Index (RSI) (14) has entered a descending range between 20.00-40.00, indicating that Gold must experience a decline in order to maintain its upward momentum. No information has been left out in this paraphrased text.
How will Gold rise and fall in the first week of April?The golden Friday first continued to be strong and high volatility, but the volatility was extremely narrow. It was considered a high-level pressure measurement. The upper level was continuously tested three times in 1985 and did not break. During the European market period, the market recovered, but the lower level only retreated to the 1973 line, and then there was a rebound in the shock, but there was still not much recovery momentum. Judging from the recent trend performance of gold and the rhythm of Friday's operation, although gold is more affected by emotions and is slightly stronger, it is difficult for the bulls to gain further recovery momentum. In the case of negative closing on Friday, the lack of continued recovery this week is a sign of insufficient follow-up of the bulls' momentum, which shows that although the market sentiment is extreme and bullish, different views have also emerged.
On the 4-hour chart, the upward channel in the chart is the key pattern. The suppression of the upper channel has withstood the test again on March 31. The current position close to the upper channel is also a good short-term entry position. At present, I am optimistic that gold will step out of a 4-hour bearish flag. The upper channel is the most suitable but slightly aggressive position for the profit-loss ratio, and the follow-up short orders after the lower channel breaks the level are less profitable but more stable.
So next week, in terms of gold operation ideas, I suggest that the rebound will be dominated by short selling at high levels, supplemented by long selling at low levels; the top will pay attention to the resistance of 1985, and the bottom will pay attention to the support of 1962.
EURUSD Next MovePair : EURUSD ( Euro / U.S Dollar )
Description :
Impulse Correction Impulse
Break of Structure
Bullish Channel in Short Time Frame as an Corrective Pattern and Rejection from the Upper Trend Line
Rejecting from the Fibonacci Level - 61.80%
Completed " XYZ " Corrective Wave
Divergence
XAUUSD Next Possible MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Double Top
Impulse Correction
Break of Structure
Falling Wedge as an Corrective Pattern in Short Time Frame
Divergence
Completed " 12345 " Impulsive Waves