Plan to trade on January 23 XAUUSD SHORT TERM BUY 2025 SL - 2022 TP - 2035 XAUUSD SELL zone 2036 SL - 2040 TP - 1995
After the price continuously scans from top to bottom and from bottom to top, the price will now tend to accumulate "liquidity" so our next trading strategy is to wait for a break out. If you break out of 2025-2026 TP1: 2040 If break out down 2019 2018 TP1: 2010
week commencing 22-27 jan 2024 minor pullback still in play gold still bearish with the US data last week (15-19) showing signs of strengthening and the market movers pricing in aggressive rate cuts in 2024 by almost 6 times dxy looks the strongest against cross pairs Side note if Geo political tensions rise in the middle east and Europe gold will thrive as a...
with US cpi figures tomorrow i do expect gold to drop and find support around 2000 lets wait for the set up
as the dxy struggles to find support gold continues to gain momentum nice head and shoulder pattern being printed on the daily
short term gold to test 1940/35 support if we have low cpi figures today, gold could push up to 1960 for a final test before a massive profit taking the low CPI should lead to US Federal Reserve looking to have 1 more rate hike meaning DXY bulls come in to play if in doubt stay out!! ultimately wait for the news to cool off see how the market movers digest...
Price always moves in waves/trends, -if the price breaks lower and stays within the channel gold lower -if price breaks the channel with impact wait for retest and follow the new trend
after a strong London session sell off can NY session push gold back up
GOLD - to move up to take in time for RED FOLDER news sell off. I'm expecting good figures to help the dollar stabilise
after an impulsive move down gold should move up to test the 1960's which has turned from support to resistance. follow the trend
gold seems to be stuck in limbo trapping buyers and sellers
GOLD London session - short term pull back to test 1980's GOLD NYSE - sell off down to 1960 ready for GOLD longs to see the rest of the week out old saying - Trend is your friend follow it
The Fed didn't raise interest rates in their recent meeting, which was good for gold. Non-farm news has two positive waves for the dollar. In my view, if the actual value matches the forecast, it won't be great for the dollar in the long run because the difference is much bigger than last month. Also, today we have mixed news with three reports coming out...
Trade what you see!! H4 Divergence still there gold will come down n test 1965-60 Before continuing up
selling gold to as buyers seem out the market Adhering to prevailing market trends represents a pivotal strategy
Adhering to prevailing market trends represents a pivotal strategy.