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[GOLD_3 W3 JUNE 2021]GOLD Long Setup 👉🏻 My personal level to go long was indeed on 1760-1780 level, after witnessing yesterday's FOMC statement. What wasn't expected was for it to happen so quickly. I do not see the dollar has long term gains over the period. 💎 Dollar Cost Average will be done over levels 1780 and 1760. Anything below 1750 will be analysed further in the future. I think 1760-1780 level is a very favourable are to go long from. ❗️Not signal/financial advice. This is just my personal trade ideas. Members will be provided with specific signals in the near future.
GLong
by SuperMonkey0
$XAUUSD - Importance of $1798 Hi guys! 👋🏻 🔔 Some data to consider: Several Central Banks, including CBs of Hungary, Japan, Turkey and India have increased their Gold reserves in March, total purchases of all banks exceeded 172.2 tones. Central Bank of Hungary purchased 63 tones of gold to hedge from the US inflation, while Turkey, India and Japan CB's are most likely to hedge the risk of the devaluation of their local currencies. 🔔 Gold's been bullish since April, after retest of the early March support, forming a double bottom pattern, however the weak impulse didn't let Gold to close above the resistance at $1798. 🔔 Gold will resume the bullish sentiment only if closes above the aforesaid resistance for now. There also is a strong barrier represented by MA100. This Moving average also lays above the $1798 resistance. 🔔 If Gold fails to break above MA100 and $1798, and moreover closes below EMA50, we might witness another heavy drop as we witnessed in late January 2021. 🔔 Bullish continuation of Gold might be backed by the rarpidly growing US economy, which leads to the anxiety of the interest rate hike, geopolitical tensions and the spread of coronavirus. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
OANDA:XAUUSD
by azizelliott
1
Gold Sniper setupPosting this after a long break so idea is simple short below 1770 for target 1758 easy money and buy above 1772 for target 1785 easy money i am expecting it to make maximum high 1806 but if it breaks that level next target will be 1827 and 1847 extension upto 1862 i will go hard short at 1862 with giant lots for target 1619 but i do not really think it will break 1880 this year . we can look for buys at 50% fib at 1758 with tight SL but if we goes below 1758 it will surely touch 1739 so watch it and trade carefully for now we have a trend line support 1775 which is acting strong so we be only looking for buying as mentioned above. do not forget to give my idea big thumbs up. lets hit 100 likes
OANDA:XAUUSD
by FxSniper_
7