My XAUUSD IDEA after last NFP release, NFP was Positive for USD hence decease in Gold will be seen till an OTE level for Gold Longs.
Gold has Started with a Pumping effect today! Gold will Retrace down to areas to mitigate the orders and continue its Journey Upwards. Gold Retracement could be Deep so we should get rid of that in a Bullish Trend.
MY US30 Bias is Bullish now and US30 seemingly will break the recent highs sooner and will try to fill up all the FVGs.
Last Night FED Speech gave rise to Gold and descended DXY . They also mentioned that there won't possibly is Hike in this month's Interest rates. Gold has Broken over and shifted the Structure. So I see more Longs towards 1832.
Gold was Bullish but such a move occurred after ISM News, blown all the buyers out of the market, using external liquidity to go SHORTS, I have 2 Trade ideas for Gold, LONGS are short term and SHORTS are Long terms. After Seeing CHOCH and BOS shifting Structure to Bearish!
GBPJPY BIAS is Shorts for now after Such a move Creating equal highs behind!
After Such a Consolidated Move, I m seeing a couple of things in the structure of GOLD shifting towards Shorts. I expect Gold to be Bearish, Since! December Ahead irregulars Moves could be Seen. Trade safe Trade with MM!!
My Idea For Gold After Seeing Couple of Things Mentioned in Chart !
See The Short Term High and Intermediate-Term High broken, I deem GOlL could Retrace back to 1655-1660, and if the TP4 Hits more chances Gold can Hit 1675.
After NFP Gold Became Bearish ! But I m Seeing Gold Going Up Again from Around 1670-1660. Currently, It's Filling Up the 4H FVG + 1,4H Void, and orders Also needed to be mitigated from the breaker Below. NOTE: If it Breaks Below 1659 we can See More Downwards Push!
EURNZD SETUP for Folks, I see EURNZD more down after seeing BOS!
XAUUSD is still bearish seeing bigger timeframes, but a retracement could be expected up to 1750; Premium Level, after which gold will continue its journey towards the targetted level 1772 Lows Liquidity, which is pending for a long time. PD ARRAY is Bearish + Orderflow. P.S: My shorts are already active from 1730 because Gold can have a fall from here too!
As per my last Analyses, Gold is running almost 900 Pips in Profits, Since I m still bearish on Gold. I think a Small Retracement will take place from Breasish Breaker and Gold will continue its Journey downwards to the liquidity pool of 1780-1772.
Gold has taken lows as I Deemed, after an Extreme retracement, now a correction slightly upwards would be seen and Gold will Continue falling towards next Target
As Gold has touched 1680 and Hike upwards rather than violating and grabbing Sell Side liquidity for Buy. Probably Gold will tend to fill up weekly FVG and then continue its journey downwards towards the Too Clean Area of 1670 . Try to Short Gold from 2 levels marked on the Chart. Seeing Weekly and Daily my Bias is Still bearish on GOLD
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Gold faces new competition as real yields turn positive - USBWM
after blood droping the btc at lease touching the low .Second Short Trade Place In GOLD