#XAUUSD WEEKLYIn the weekly time, it has touched 2 targets in the ranges of 1559.987 and 1677.979. Now both of them and the areas between them can be considered as resistance for further reduction. Both of them are located around the second swing line.
Now, in the weekly time, we can expect negative divergence to decrease in the current wave.
Xauusdwave
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to our previous analysis of XAUUSS, GOLD went UP very fast in the previous weeks. Because of the NEGATIVE SENTIMENT against the dollar, US10Y went down due to this. Then I automatically bought GOLD.
But the last day all those INFLATION INDICATORS were NEGATIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF.
We have some very important NEWS coming to USD this week. Be sure to keep an eye on it.
Anyway we expect that GOLD will go UP to 1975 LEVEL. Before that, GOLD may go down to the 1892 level with the FOMC UPDATE. Be careful..
XAUUSD UPTREND CORRECTION | 08.01.23 WEEKLY ANALYSIS Fundamental & Technical Analysis
Reason For XAUUSD Short
1. Obey strong Resistance @ 1880
2. Make a Fake breakout @ 1660 and make a Trap for Buyers
3. As it was in Bullish engulfing it it may Smell up to 1880
4. Bearish Rising wedge Confirm the Short sell in strong uptrend
Fundamental Reason
Retest dxy around 104 ,if break Below and touch 103 XAUUSD reach 1880 if retested 101 the reach 1910 and Make Fall
XAUUSD GOLD BREAKOUT BUY PROJECTIONXAUUSD FUNDAMENTAL & fundamnetal REASON FOR BULLISH
1. Breaked Downtrend Line
2. Formed W pattern ane make a Break @ 1810 as DXY gettimg Weaker
3. Formed Three White Soliders which denotes continue in uptrend line
4. Dxy Breakdown the Uptrend kast month and heading towars 100.00 which is support Zone
Overall Possible Outcome
Buy above 1810
sl 1760
tp 1887
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, GOLD went UP very fast in the previous weeks, BREAKING the TREND LINE. Due to this US10Y went down. These days the FED RATE HIKE SLOWDOWN SENTIMENT and, in the short term RETAIL SALES, NFP and PMI DATA being POSITIVE, managed to make the USD STRONG.
But since all the ECONOMIC INDICATORS were positive the other day, GOLD was slightly SELL yesterday. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being ON.
We have some very important NEWS coming to USD this week. Be sure to keep an eye on it.
Anyway, we expect that GOLD will go up to 1875 LEVEL. Before that, GOLD may go down to the 1744 level with the FOMC UPDATE. Be careful..
XAUUS GOLD ROCKET 04.12.22 WEEKLY ANALYSIS XAUUSD Rocket Again
Technical Reason For Short Term Fall and Bullish
1. Single Candlestick Pattern Confirm the Hanging Man and tends to ShortS Sell and retest the zone 1760-1770
2. W patte Confirm the breakout in 1800 and tends to bullish and make Long Target of 1880 and short Target of 1815
Fundamental Reason
1. DXY sitted around the 104 which is Major Support and Tends to fall eas target of 97.4
2. When dxy retest a Higher of 106 then Gold retest 1760-1770 and make a Higher High
Overall Possible Outcomes
XAUUSD BUY @ 1760-1770
SL 1730
TP 1880
GOLD - Only each day shut above 1730 would change this mid-termAs virtually everybody has anticipated, Gold reversed from 1680-1690 zone help and now could be buying and selling 200 pips above this essential zone.
However, for my part, this isn't a reversal of the leg down from above 1800 began in mid-August, however only a correction.
Looking at the posted chart we will see that above 1720 is a robust confluence resistance given by the outdated horizontal help and the falling trend line and right here merchants should search for promoting alternatives.
Only each day shut above 1730 would change this mid-term bearish outlook.
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, GOLD went UP very fast by BREAKING the TREND LINE. Due to this US10Y went down. The main reasons for that were the REPUBLICANS winning, and US CPI DATA being NEGATIVE.
We have some very important NEWS coming to USD this week. Be sure to keep an eye on it.
Anyway, with LABOR DATA DOWN, GOLD is going up slightly due to US10Y DOWN. Anyway, we expect that GOLD will go up to 1818 LEVEL. After that, it may go down to 1700 LEVEL with the FOMC UPDATE. Be careful..
XAUUSD SHORT ENTRY walk throughFor the ones who did take the short position with me this is what i want to happen
1: A retest of the .236 lvl of (1630.175) for the 2 hour inside bar with a 15 min candle stick either closed under it but i want it to kiss it with a wick because itll be better sooner then later to actual see if this thing can keep going down
2: Once we do get the 15 min candle close under we would need it to break and closed under the vwap and mvwap because at the moment you guys can see it being supported on the chart
3:Break of the last .236 lvl of (1627.083) because it can be used as a bounce zone
4:The most important lvl of all is the 10% which is (1625.047) to break and close under watch to see if we can get a 15 min candle close under
5: TP 1
6: TP 2
For those who havent gotten into a trade yet and want to try to short watch what it does at the .236 lvl of (1630.175) that'll be ther best entry
Goodluck everyone
Remember to not oversize you nut
XAUUSD UPDATE........
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