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XAUUSDG trade ideas

FED lowers interest rates! Gold recovers in the short term⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold (XAU/USD) faces challenges building on Thursday’s strong rebound from the 50-day SMA support near $2,643, with some selling pressure emerging in the Asian session on Friday. The US Dollar has regained strength, partly recovering from its recent slide, and a generally optimistic risk tone weighs on the safe-haven appeal of gold. Meanwhile, the fading “Trump trade” and a lack of hawkish signals from the Federal Reserve keep US Treasury yields lower, potentially limiting USD bullish momentum and offering some support for gold. Traders are now focused on the upcoming Michigan Consumer Sentiment Index and Inflation Expectations for near-term trading cues. ⭐️Personal comments NOVA: As expected by the market, the FED cut interest rates by 0.25%, bringing positivity and optimism to XAU in the short term. Currently, other financial sectors are starting to become vibrant again, and it will be very difficult for gold to compete. The downtrend will continue ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2727 - $2729 SL $2734 TP1: $2720 TP2: $2710 TP3: $2700 🔥BUY GOLD zone: $2668 - $2670 SL $2663 TP1: $2675 TP2: $2688 TP3: $2700 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
1
XAUUSD / UNDER CHOICE PRESIDENT AMRICAN / 4HXAUUSD / 4H TIME FRAME HELLO TRADERS Market Influence of Election Results: The text suggests that if Donald Trump wins the election, it could impact the financial markets by increasing the price of gold and decreasing the value of the dollar. This reflects the common market reaction where political uncertainty or risk can lead to a “flight to safety” in assets like gold. Current Gold Price Levels: • The current price range mentioned is between $2,728 and $2,709. This is described as a support or stabilization zone, where prices are attempting to maintain a level above $2,709. • If the price stabilizes above this range, there’s an expectation that gold could continue to rise, aiming for a “Fair Value Gap” (FVG) between $2,756 and $2,772. Above this FVG, there is a “supply zone” where upward momentum might slow or reverse due to selling pressure. Downward Scenario: • If the gold price falls below $2,709, it suggests a possible decline toward the “demand zone” between $2,688 and $2,672. A demand zone indicates a level where buyers might come in, potentially stopping or reversing the price decline. Overall Trend: • The text concludes that gold is trading under upward pressure, meaning that current market sentiment is biased toward price increases. This could be influenced by factors like inflation concerns, economic instability, or political uncertainties tied to the election.
OANDA:XAUUSDLong
by ArinaKarayi
Gold within stagnation zone due ElectionsTechnical analysis: Trading continues on very Low rate and Volatility on most levels is easing. Since #2,752.80 benchmark I mentioned many times on my remarks got invalidated and Gold is unable to stage recovery attempt above it, Bearish pattern on Hourly 4 chart reversed the Price-action towards #2,722.80 Support extension (Monthly Low's) and besides Sellung pressure evident throughout yesterday's and today's session, that was maximum for Buyers (at least for for current fractal). Daily chart is even more Bearish than its Moving Averages suggest (and break of former Ascending Chanel and trendline) so another candle is required to cross in Bearish values and reveal true Nature of the future trend which will restore the Selling bias according to my estimations. I am still looking for a complete frame fill at #2,700.80 benchmark first then #2,652.80 benchmark in extension if post-Election candles arrive and global economy feels significant relief which will add confidence into all asset classes and safe-havens such as Gold may lose (Investors losing interest). My position: As it was the case many times before, pre-Election candles carry thin Volume usually so I will monitor the Price-action from sidelines.
OANDA:XAUUSDShort
by goldenBear88
Hellena | GOLD (1H): Short to support area 2641.84.Colleagues, I believe that the price will continue the downward movement, but before this movement there is a high probability that the price will reach the area of 2734, then continue the downward movement. There are only 2 options to enter the position. Either you take a risk and enter on the market. Or you wait for the local high of 2710 to be updated. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:XAUUSDShort
by Hellena_Trade
1
Is Gold's correction over?In my recent analyses, I warned that a significant correction in Gold prices was inevitable. True to this prediction, the election of Donald Trump triggered a sharp 1,000-pip drop in Gold's value. However, yesterday, the market rebounded strongly, recovering 700 pips from that initial decline. The big question now is whether this correction has run its course. In my view, we may have reached a bottom, and Gold could be poised to resume its overall uptrend. I’m currently looking for buying opportunities on dips.
OANDA:XAUUSDLong
by Mihai_Iacob
Top Resistance Points in XAUUSDOur XAUUSD market analysis highlights a key sell level at 2750-2756, with an extreme sell zone around 2772-2776, where we expect significant selling pressure to develop. These levels are critical for those looking to capitalize on potential resistance in XAUUSD. On the buy side, our support area is set at 2702-2698 , suggesting a buy opportunity if the price revisits this range. However, given today's emphasis on the sell zones, these levels may see stronger market activity. Keep an eye out for any major USD news today, as it could impact these levels. If this analysis adds value to your trading strategy, a boost would be greatly appreciated—it’s always motivating to know my insights are valuable!
FOREXCOM:XAUUSDShort
by bluechipfx
trailblazing women who took Wall Street by storm these incredible women have paved a way for female investors and traders around the world showing great resilience and fearless mentality despite facing gender discrimination going on to achieve great things in the financial field, motivating the future generation of young women that they too can achieve the unthinkable. 1. HETTY GREEN the witch of wall street also referred to as "the woman who loved money" born November 21, 1834 and also believed to have been the richest woman in America before the time of her passing, Hetty Green started her financial/business journey from a young age through the influence of her father who was a successful agent, oil manufacturer, and Quaker, who encouraged her to read and study financial texts when she was a young girl, he believed that even women needed to understand the dealings of money, business and overall how the financial world operates. She is best known for turning an inheritance of between 3 - 7 million to 100 million U.S dollars approximately $2.5 billion in today's money. She did this by investing in U.S government bonds, stocks, real estate and railroads and providing financial support during crises, most especially the Panic of 1907, making her a reputable investor and financier, using a buy low, sell high strategy and impeccable psychology facing markets militantly and unafraid even in times of panic. 2. VICTORIA WOODHALL the first woman to run for presidency born September 23, 1838, Victoria came from a very poor background, with the influence of their father she and her sister sold herbs and potions posing as spiritualists and healers they caused them to live a on the run from one place to another due to unsatisfied customers/patients. Their nomadic lifestyle led them to Manhattan were they caught the attention of railroad magnate Cornelius Vanderbilt, who it was believed they helped him keep in contact with his dead wife he in return offered them financial advice and through this connection they were able to open the first female owned brokerage in wall street in 1870 called WOODHULL, CLAFLIN and CO with clients of high society women, rich widows and high value prostitutes, this become a success earning them over $700 000 about 2million today. She used this money to further her goals and fund her campaign to run for presidency. 3. ISABEL BENHAM madam railroad born 1909, in the 1920s Isabel enrolled at a women only college called Bryn Mawr in Pennsylvania, with a strong desire to study economics and work in wall street it has a great tragedy to find that the school offered no economics courses but Isabel insisted the college offer economics studies and made history by being 1 of 5 women to graduate from the college with a degree in economics. after graduation, living in times of the great depression also facing daily gender discrimination this did not stop her from pursuing her dreams to work in wall street, she started a side hustle by selling magazine subscriptions and later landed a job as a bond strategist on wall street bond house R.W Pressprich and Co. and due to her resilience and hard work providing accurate reports of the railroad industry became their first female partner and first woman as a partner of a wall street bond house and first woman to be appointed Board of Directors for a railroad. 4. MURIEL SIEBERT the first lady of finance born 1928 without graduating from any college her finance career started by being a finance research trainee and grew her expertise by working in various brokerages. through hard work and determination by year 1967, despite numerous failed attempts and rejection she became the first woman to have a seat on the BYSE being the only woman among 1,365 men which was a remarkable achievement. she went on to co-found Siebert and Co a broker- dealer in 1969 and when the the NYSE jettisoned it's 183 year old tradition allowing it's members to negotiate broker commissions her company became America's first discount brokerage also being owned by a woman. by year 1977 she hit another incredible career milestone by being appointed superintendent of Banks for New York state, overseeing all NEW YORK banks with no banks failing in her 5 year term. 5. GERALDINE WEISS grand dame of dividents considered one of the best female investors/ traders of the 20th century, learning about investing by reading investing texts like Security Analysis by BENJAMIN GRAHAM and studying business and finance earning a degree at the University Of California. with her advanced knowledge about investing she was still unable to get any job position higher than secretary due to gender discrimination in the male dominated industry but this did not put out her fuel and and undying desire to become be involved in the investment community and by age 40 she started her investment newsletter called "Investment Quality Trends" under a pseudonym "G. Weiss" to hide her gender as at the time many believed no woman can make successful investments and did this for a decade with her subscribers thinking she is a male it was only in 1977 when she appeared on TV program "wall street with Louis Rukeyser" that she revealed her gender this now with her newsletter being a success with accurate analysis asserting that dividend yield is a key valuation measure that how she got her nickname. hope this inspires more women to be more active in the trading world. Whatever women do they must do twice as well as men to be thought half their inferior. Luckily, this is not difficult. – Charlotte Whitton put together by : Pako Phutietsile as currencynerd
Editors' picks
OANDA:XAUUSDEducation
by currencynerd
4
Gold is approaching its all-time high as the market awaits major With the strong recovery of the US economy, market expectations for future interest rate cuts by the Federal Reserve have gradually weakened. The 10-year Treasury yield rose to a three-month high on Monday, which usually puts pressure on gold prices. The US dollar index rose 3.6% in October, its best monthly performance since April 2022, making gold less attractive to overseas buyers. Although it is facing some pressure at present, the uncertainty of the general election may curb selling activity, and any action may have a greater impact on gold prices. In terms of geopolitics, tensions between Israel and Iran remain the focus of market attention. Iranian Foreign Ministry spokesman Bagae said that Iran will not give up its right to respond to Israel's "aggression", emphasizing that under international law, countries that have been aggressed have the right to fight back. This statement may exacerbate market uneasiness and drive demand for safe-haven assets. The Israeli Defense Forces completed a "precision strike" against Iran on October 26. Although the attack was small in scale, it still caused market concerns about the future situation. The Iranian military claimed to have successfully defended against the Israeli attack. This tension may continue to affect market sentiment in the coming weeks, and thus affect gold prices. The strength of the dollar makes gold more expensive in dollar terms, which has dampened the willingness of overseas investors to buy. The market is confident in the strong performance of the US economy, especially in the job market and consumer spending, which has driven the further appreciation of the dollar. The policy direction of the Federal Reserve will have a profound impact on the gold market. The market generally expects the Federal Reserve to discuss future interest rate strategies at its policy meeting on November 6-7. According to market expectations, the possibility of a rate cut remains, but market expectations for a rate cut have gradually weakened due to the strong performance of economic data. Federal Reserve officials expressed optimism about the economic outlook in recent speeches, believing that the current unemployment rate and inflation levels are within an acceptable range. This optimism may lead to changes in market expectations for future rate cuts, which will affect gold prices. Because U.S. Treasury yields rose and the dollar strengthened, while investors were waiting for a series of heavyweight U.S. economic data and risk events to be released this week for clues about the Fed's interest rate outlook, but the uncertainty of the U.S. election and concerns about the geopolitical situation still provided safe-haven support for gold prices, so gold fluctuated upward on Monday. After the opening of today's market, the price of gold has risen strongly. At present, the short-term upward trend of gold remains good, so today investors continue to pay attention to the 2740 area of ​​the 1-hour upward trend line support below, and continue to go long on gold after gold pulls back and stabilizes. The JOLTs job vacancy data for October to be released today will become the focus of investors' attention. This data reflects the supply and demand situation in the labor market. At the same time, the US ADP employment data, personal consumption expenditure (PCE) data, and non-farm employment report will be released this week. These data will directly affect the market's expectations of the Fed's future policies. If you are interested in my analysis, please comment and tell me, thank you
FOREXCOM:XAUUSDLong
by Yuliya1l11
2
Gold market trend analysis and operation strategyI personally prefer to rebound to around 2680. Whether it will break through 2680 depends on the market conditions in the past two days. Of course, even if it reaches 2680, it is expected to be next week. At present, the price has fallen more in the 4-hour level, and the technical pattern has followed quickly. At present, the K-line continues to be under pressure and the short-term moving average remains weak. After the opening of the hourly level, it fell below the previous terraced support belt. In the short-term trend, pay attention to whether there is a secondary decline after the rebound repair. In the early trading, the gold 2662 line arranged short orders, and fell back to the 2643 line as expected to harvest a wave. Now the 1-hour chart 2667 line is blocked, which happens to be the pressure of the downward trend line. If it can't get through here, the short-term trend may still fluctuate! ! ! On the whole, today's short-term operation strategy for gold is to short on rebounds and long on pullbacks. The short-term focus on the upper side is the 2668-2670 resistance line, and the short-term focus on the lower side is the 2600-2605 support line. Friends must keep up with the rhythm Short (buy down) two-tenths of the position in batches near 2667-2670 in the early trading of gold, stop loss 6 points, target near 2640-2620, break to see the 2605 line Gold pulls back to 2600-2605 and buys two-tenths of the position in batches (buy up), stop loss 6 points, target near 2615-2625, break to see the 2640 line
OANDA:XAUUSD
by Scarlett-Rose
Gold Price Outlook: Key Insights for Next Weeks Trading DecisionIn this video, we dive into the latest Gold (XAU/USD) market analysis and review the impacts of recent U.S. economic data on Gold prices. On Friday, Gold saw high volatility, with prices hitting the $2,760s following a weaker-than-expected Nonfarm Payrolls (NFP) report. However, a sell-off brought prices back down to the $2,740s as additional data from the Institute of Supply Managers (ISM) showed mixed economic signals. Will gold continue its strong performance, or could a new catalyst shift the trend? 📌 Stay tuned as we navigate the next big moves in the Gold market! #GoldAnalysis #XAUUSD #ForexTrading #GoldPrice #NFP #ISMData #SafeHaven #GoldMarketAnalysis #WeeklyGoldOutlook #EconomicData #GoldTrading#economicuncertainty📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
OANDA:XAUUSD
by darcsherry
Multi-Timeframe Insights and Potential Reversal Points!OANDA:XAUUSD Multi-Timeframe Analysis (2Hr - 4Hr) 1st - Falling Wedge (2Hr) 2nd - Head and Shoulders (4Hr) 3rd - Bearish Divergence (Daily) 4th - Extreme Overbought (Weekly) 1 - Falling Wedge Pattern (2-Hour Chart) On the 2-hour chart, we identified a falling wedge pattern suggesting potential price movements. Initially, the price may decline from the breakout line, potentially reaching the 2724 - 2714 range. After reaching this level, we expect a bounce towards 2754 - 2762. If the price falls from the breakout line and reaches 2714 - 2724, it’s important to closely monitor the 4/8 Murray Math Level (MML) at 2734 during the bounce, as this Major Resistance level could cause a decline. Falling Wedge Target: 2783 However, around 2754 - 2762, prices may face resistance as the Head and Shoulders pattern completes, potentially signaling a reversal point. 2nd - Head and Shoulders Pattern (4-Hour Chart) On the 4-hour chart, the left shoulder and head have completed, with the right shoulder partially formed. After the right shoulder completes, we anticipate a potential drop towards the neckline, which lies between 2724 - 2714. Should this level break, the Head and Shoulders pattern projects targets at 2675 and further down at 2656. 3rd - Bearish Divergence (Daily Chart) Daily chart analysis reveals a bearish divergence, signaling a possible downside. Bearish divergences often indicate weakening momentum and could precede price declines. 4th - Extreme Overbought Zone (Weekly Chart) On the weekly chart, prices are currently in the extreme overbought zone, which historically hints at a likely correction. Traders should watch for signs of price weakness at these elevated levels. Key Levels to Watch; Resistance: • 2783 • 2773 • 2762 • 2754 Support: • 2734 • 2724 • 2714 Price Targets; Falling Wedge Price Targets: • 2783, 2754, 2762 Head and Shoulders Price Targets: • 2734, 2724, 2714, 2675, 2656 ⚠️ Note: This analysis is intended for informational purposes only. Please use appropriate risk management. Happy Trading! 🚀
OANDA:XAUUSD
by SpicyPips
XAUUSD H4 | Bullish BounceBased on the H4 chart analysis, we can see that the price is falling to our buy entry at 2715.70, which is a multi swing low support close to 38.2% Fibo retracement and 161.8% Fibo extension Our take profit will be at 2744, an overlap resistance. The stop loss will be placed at 2686.22, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAUUSDLong
by FXCM
GOLD UPDATE ⟶ MAXIMUM GROWTH HIT – IS A DROP COMING?Hey everyone! 👋 In my opinion, #GOLD has experienced a lot of growth and has already hit its weekly and monthly targets, so it might be due for a correction (drop) 📉. If it does continue to grow, it might only reach the second monthly target at 2811.140 before starting a drop. **My short-term growth plan:** Check out the chart on the left. In the 15-minute time frame, and considering the recent gradual drop, #GOLD could start another growth if it breaks its daily resistance (2782.823) on the 15-minute time frame 📈. This growth could continue to the following targets: - **Target 1:** 2794.722 🎯 - **Target 2:** 2801.968 🎯 - **Target 3 (final):** 2811.140 🎯 **Stop-Loss for the growth scenario:** Based on the 4-hour time frame - check the chart on the right. Given the maximum growth #GOLD has experienced, if the price drops before confirming the growth condition in the 15-minute time-frame, and a cross occurs in the MACD indicator on the 4-hour time-frame (confirming a triple divergence), a drop will begin from this area without any further growth ❌. This drop could be significant and, in the first step, could reach the following targets: - **Target 1:** 2738.165 📉 - **Target 2:** 2688.395 📉 - **Target 3:** 2597.415 📉
OANDA:XAUUSDShort
by Eldorado_Land
1
Market Sensitivity Ahead: Key Levels to Watch Amid NFP ReleaseTechnical Analysis The price has declined and stabilized within a bearish zone after breaking a strong support level at 2,758. Today’s session is expected to be sensitive due to the release of the NFP and Unemployment Rate data. Bearish Scenario: The price appears set to retest 2,758 before resuming a bearish trend toward 2,738 and 2,712. Bullish Scenario: Alternatively, a 4-hour candle close above 2,758 would signal a potential bullish move, with targets at 2,775 and 2,788. Key Levels: Pivot Point: 2758 Resistance Levels: 2764, 2775, 2790 Support Levels: 2738, 2712, 2695 Trend Outlook: Above 2758: Uptrend Under 2758: Downtrend
OANDA:XAUUSDShort
by SroshMayi
wait NEW ATH 2771 ! positive from the market XAU ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Expectations of a more moderate rate cut by the Federal Reserve and concerns about deficit spending after the US election should help support US bond yields and the USD. Additionally, a positive sentiment in global equity markets is keeping Gold prices in check. Investors also appear cautious ahead of key US data releases this week, including the Advance Q3 GDP, PCE Price Index, and Nonfarm Payrolls (NFP) report. ⭐️Personal comments NOVA: Break trendline H1 - buyers push the price to continue waiting for a new ATH in the near future at 2771 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2771 - $2773 SL $2778 TP1: $2765 TP2: $2750 TP3: $2740 🔥BUY GOLD zone: $2742 - $2739 SL $2735 TP1: $2750 TP2: $2760 TP3: $2771 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDLong
by Nova-Scalper
8
NFP Set to Rock Gold: Last Opportunity for a Well-Timed ShortMarket analysis: Brothers, today's gold market continues to be bearish! The short orders arranged before the release of yesterday's data have brought us a lot of benefits, and we have seized the lucrative profits of the decline in gold. Tonight, heavy data will be released one after another: the US October non-farm employment data, unemployment rate and ISM manufacturing PMI index will form a triple impact on the gold market. These data are expected to put bearish pressure on gold, but considering the sharp drop the day before, today's downside may be limited because the market has partially digested the bad news. Therefore, today may be the last short-selling opportunity this week. Next week, with the landing of the US election, the market is expected to turn to favor gold. So how to arrange it, you can look at the candlestick chart, 2756-2758 is currently an important pressure point, so the strategy before the data is released is to short the market near this pressure point! Trading strategy: Layout before data release: short in the key pressure area of ​​gold Take profit target: 2735-2740 Stop loss setting: 2770 Strategy ideas to follow the trend: As the last trading day of this week, we will arrange short orders before the data is released, and start to arrange long orders next week to follow the trend. Detailed strategies and operation points have been released to each VIP member. If you need further guidance, please join the VIP group to get exclusive strategies!
OANDA:XAUUSDShort
by Falcon-Training-Camp
GOLD Analysis | Intraday Chart ForecastGold prices rise in early European trade after sliding in the previous session, with investors awaiting U.S. payrolls data for more insights on the Federal Reserve's next policy move. Futures trade 0.5% higher at $2,764.00 a troy ounce following a 2% fall on profit-taking and increasing bets that the U.S. central bank will take a more cautious approach to rate cuts in the months ahead. "The fact that the core PCE rose the most on a monthly basis since April--along with strong spending and robust growth data released earlier this week--trimmed the Fed cut bets," Swissquote Bank's Ipek Ozkardeskaya says in a note. Still, prices continue to be supported by strong demand for safe-haven assets due to heightened geopolitical risks in the Middle East and uncertainty around the U.S. election. 🔴 TECHNICAL ANALYSIS ------------------------------- That said, Gold failed the bullish impulsive structure triggering a bearish leg that pushed the price directly to the potential support area around 2732. If Gold manages to hold this area (already touched once), we do not exclude an irregular wave B, with a potential new Top in wave 5. If our impulsive structure had not failed, above the 2,800 area it would have been interesting to try to sell Gold (see chart/analysis below). That said, let's take one step at a time, and therefore our focus will be on the support area, for now. 📊 POTENTIAL SELL TRADE ----------------------------------- Thanks for watching & support.
OANDA:XAUUSDLong
by TheAnonymousBanker