Sai2k

Sai2k

### **Support and Resistance Levels:** - **Support Levels:** - **2,430.00:** The price bounced off this support level, indicating strong buying interest around this area. - **Resistance Levels:** - **2,477.00:** This level is likely to act as a resistance if the price continues to move upwards. - **2,497.00:** Another significant resistance level above the...

Sai2k

The chart you've shared shows the price action of XAUUSD (Gold against the US Dollar) with multiple parallel channels, possibly based on trendlines or a regression channel analysis. Here's a breakdown of the key elements in this chart: ### 1. **Trend Channels**: - The chart is marked with multiple downward-sloping parallel lines, suggesting that the price is...

Sai2k

The overall impact on XAU/USD from the described economic events appears to be more bullish than bearish, for several reasons: 1. **Increase in Unemployment Claims**: This is typically a negative sign for the economy, which could weaken the US dollar. A weaker dollar often leads to higher gold prices as gold becomes a more attractive investment during uncertain...

Sai2k

The impact of the recent economic data on XAU/USD (Gold/US Dollar) is somewhat mixed, making it challenging to categorically label the outlook as either bullish or bearish. Here's a breakdown: - **Bearish Factors**: Easing inflation as indicated by the CPI and PPI could reduce gold's appeal as an inflation hedge, which is typically bearish for gold prices....

Sai2k

Based on the CPI data released on November 14, 2023, and the resulting economic implications, the OANDA:XAUUSD outlook for gold (XAU/USD) could be more bullish for several reasons: 1. Weakening Dollar: The CPI data indicated a slowdown in inflation, which typically leads to a weaker U.S. dollar. A weaker dollar is generally bullish for gold, as it makes gold...

Sai2k

XAUUSD are moving previous weekly open gap. However, we need to wait for the price reaction whether it break or reject.

Sai2k

Here is my trading idea of bullish and bearish OB which shown in the chart

Sai2k

My long setup perspective. Move stop lose to breakeven as soon as reach 60 pips

Sai2k

I'm looking for long on this trade according to VWAP, SSMA 200 and trend line

Sai2k

Since gold broke local trend line and stay under VWAP and SSMA 200. I would say that I'm looking for short.