Sharing some valuable information for those who are trading XAUUSD and playing the long-term game. Read carefully through all the information provided.
XAUUSD is still following our long-term analysis posted on November 27th.
We are pretty much following the analysis spot on. We are ignoring the noise and sticking to our trading plan.
After XAUUSD made it’s way to 2714 we are extremely bearish on it.
As of now, we have made a pullback up to 2665 which is around our KL (Key Level). We will continue shorting gold at it’s pullbacks as the DXY is not showing any signs of exhaustion.
As said last month, DXY will continue to dominate in Q1 of 2025 resulting in more sells on XAUUSD. Long-term target is sitting at 2480.
✅ Support 1: 108.616 ✅ Support 2: 107.614 ✅ Support 3: 107.378
Swing Levels
📈 Swing High: 108.541 📉 Swing Low: 105.420
Summary of Analysis
The current market price of 108.922 indicates that the key resistance levels above this price are 108.233, 108.380, and 108.616, while the support levels below are 108.616, 107.614, and 107.378. The swing high stands at 108.541, and the swing low is at 105.420.
Suggested Trades
📈 Intraday Buy Trade
Entry Price: ✨ 108.616 Stop Loss: ❌ 107.614 Take Profit 1: 🎯 109.502 Take Profit 2: 🎯 110.285
Reason for Entry:
The price is approaching a key support level at 108.616, presenting a favorable buying opportunity based on technical analysis.
📉 Intraday Sell Trade
Entry Price: ✨ 109.502 Stop Loss: ❌ 108.616 Take Profit 1: 🎯 108.380 Take Profit 2: 🎯 108.233
Reason for Entry:
Resistance at 109.502 suggests a potential selling opportunity, with targets set below this level.
Conclusion This analysis provides a concise overview of key levels and trade opportunities for DXY. By monitoring these levels, traders can make informed decisions in the current market environment. Happy trading! 🚀
EURUSDDXY market may be waiting on US house speaker vote. it's going to be close but if Johnson is not relected, then Trump will have a hard time pushing through policy. it's taking place right now.
USDXDXY Seems exhausted to me. Nearing the 2022 highs. I imagine institutions will be loading up on shorts. With the exception of anything new, I suspect the majority of the bad news is priced in.
Support 1: 108.616 Support 2: 107.761 Support 3: 107.378
📉 Swing Levels
Swing High: 110.285 Swing Low: 105.420
📋 Summary of Analysis
The current market price of 109.102 indicates that key resistance levels above this price include 109.502, 108.380, and 108.616. The support levels below this price are 108.616, 107.761, and 107.378. The swing high stands at 110.285, while the swing low is at 105.420.
💼 Suggested Trades
📈 Intraday Buy Trade
Entry Price: ✨ 108.616 Stop Loss: ❌ 107.378 Take Profit 1: 🎯 109.102 Take Profit 2: 🎯 109.502
📌 Reason for Entry
The price is approaching a key support level at 108.616, presenting a favorable buying opportunity based on technical analysis.
📉 Intraday Sell Trade
Entry Price: ✨ 109.502 Stop Loss: ❌ 109.802 Take Profit 1: 🎯 109.102 Take Profit 2: 🎯 108.380
📌 Reason for Entry
Resistance at 109.502 indicates a potential selling opportunity, with targets set below this level.
📝 Conclusion
This analysis provides a concise overview of key levels and trade opportunities for DXY. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading! 🚀
DXY TRUMP Is making a great pull on Dxy market yall check out my mind on dxy market ....Idea:Dxy market keeps maintaining t… follow for more insight , comment and boost idea