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 2050 LEVEL. After that, GOLD may go down to the 1855 level with the FOMC UPDATE. Be careful..
Xauusdsetup
XAUUSD Gold Next Possible MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " ABC " Corrective Wave
Symmetrical
Fibonacci Level - 50.00%
Double TOP
H & S Shoulder
Rising Wedge as an Corrective Pattern in Short Time Frame , Rejecting from the Upper Trend Line
XAUUSD Bullish OB retest LONG 4HRDisregarding the current state of the world economy (BRICS countries selling
US Bonds, loading up on
Gold)
From a PA standpoint, we have some more upside to Gold.
Things to note
- From the month chart, I have outlined equal highs of untouched liquidity. Marked by the large wave
(Always look for equal highs to be a magnet)
- On the 4hr, price is about to retest a bullish OB indicated by the 2nd cow. From here i fully expect price to run up to the bearish OB and touch the liquidity resting above.
I expect Gold to continue upwards to the monthly equal highs and swim in those waves amongst the whales above 2072
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
XAUUSD Gold Next Possible MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Bullish Channel in Long Time Frame as an Corrective Pattern in Short Time Frame and Long Time Frame with the Breakout of the Lower Trend Line
Divergence
Double Top
Impulse Correction
Rejection from Resistance Level
Break of Structure
XAUUSD BULLISH CONTINUATION 26.03.23Reason for Bullish
Technical
1. Retest Support of 1960 and Make Futher Bullish Movement
2. Expecting Breakup in Ascending Triagle Pattern which Push Higher to 2074
Fundamendal
Dxy Clear Downtrend Continuation
Retesting 103 and Make Lower Which Moves towards Our pattern
Overall Possibel Outcomes
XAUUSD BUY @ 1960
SL 1930
TP 1 2000
TP 2 2074
XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Symmetrical Triangle as an Correction in Long Time Frame and Rejection from the Upper Trend Line
Divergence
Break of Structure
It can make its Triple Top
Impulse Correction Impulse
Completed " ABC " Corrective
Rejection from the Strong Daily Resistance Level
#XAUUSD- MASSSIVE SELLING OPPORTUNITY 900+ PIPSDear Traders, hope you are doing great, following today's FED meeting; interest rates have been hiked by a quarter point signalling a low economic growth. The SVB crisis also influenced on FED decision. What we are looking with this setup is PRICE TO FALL as we have clear market sentiment backed by strong economic events.
Please like and share and FOLLOW FOR MORE
Good Luck and Happy Trading!!
XAUUSD-BUYERS GET READY FOR 1300+ PIPS!Dear Traders, in our previous trading setup, we had advised to sell at 4h ob and it exactly rejected as it was described. Our selling target has been hit and now we will be focusing on buying opportunity. In our bias we think price will continue the bullish trend and make higher high in next couple of months.
so what you all think about #XAUUSD future!!!
LIKE AND FOLLOW FOR MORE!
XAUUSD- IDEA THAT WE MUST TAKE!Hey Everyone, due to strong bullish momentum on DXY we have another highly probable buying area to consider taking. We are expecting a slow down on bullish momentum on DXY next week and that is why it is likelihood for this setup to work .
Please Like and Follow it gives us encourage to share top quality ideas!!