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Beyondtechnicalanalysis

XAUUSD, Long from the liquidity zone (1915)Gold is currently reacting on a key level (1925) which has the Daily EMA-50, 4Hr EMA 200/50/20 on clusted there. The 4hr candle closing below these EMAs could spark a short to the next liquidity zone (1915). The 4Hr candle closing above the EMA-200/50/20 could spark buys to 1952 potentially but before the market will buy, i will expect some liquidity drops to 1915 before any potential long at the back of an expected bearish wave of the DXY.
OANDA:XAUUSDLong
by AbeikuGlobal_FX
1
DXY, Ready to ShortThe last week DXY movement fulfilled my idea which I predicted price to hit the key level at 105.8 For the past 13 -14 weeks, the DXY has been on an ascending trend from 99.23 to 105.756. The current resistance has been a key level since 1st December 2022. Price is currently reacting on a resistance trendline of the main ascending channel since 26th September 2022. The resistance trendline coincides with the 105.834 key resistance which has historically driven the DXY down. The DXY could initiate a BEARISH WAVE first to 103.100 to retest the Daily EMA-200 & 50. The FED could consider a rate hike in the last quarter of 2023 in the midst of a possible DXY bearish waves.
TVC:DXYShort
by AbeikuGlobal_FX
1
DXY, to continue price ascending to 105.834Last week's DXY index candle bullishly closed with a strong rejection with from the 104.643 support because all of the USD fundamentals (The CPI, Core PPI, Core Retail Sales, etc.) which occurred last week went to strengthen the dollar. The DXY is expected to consolidate between current level of 105.351 and 105.00 since there is not important fundamentals between Monday and Tuesday before a potential rise to 105.834 There are important fundamentals coming up this week form Wednesday to Friday -FOMC Statement and press conference -Federal Funds Rate -Unemployment Claims -Flash Manufacturing PMI
TVC:DXYLong
by AbeikuGlobal_FX
Has GOLD made its low?It seems that GOLD might have made its low. -Price turned 200EMA back to support (red moving average) -Showing rising demand on the three lows I marked, and last one is the highest (rising demand). -RSI break? (White arrow) When/If this lower high is broken then the price structure changes from lower highs to first time making higher high since may. Which gives me more conviction for a trend change. (ofc price has to stay on top of this level for keeping this valid) The higher low break on 200EMA works as stop loss for me I have around 2.5% of my net worth on Gold/Silver. I'm planning to make it bigger cause Gold will possibly run around 2.5k-3.5 in 2-3 years, and silver $50-$100 Good investment for years to come as quantitive easing etc will keep going harder than ever.. Check out my june BTC Dominance analysis here which hit spot on! :) ETH -16%, BNB -30%, ADA -33% against BTC since that call If you are starting out trading "post about great mentors I follow and respect" here 1st mistake novice traders do is that they don't use stop losses, doesn't calculate their RIsk/Rewards and gets their ass burned cause of that. Always use them! -PalenTrade
TVC:GOLDLong
by PalenTrade
5