theroyaltsar

theroyaltsar

The nearest key levels for OANDA:XAUUSD is between 2031-2057 Either wait for a retest at the 2031 key level and take a buy to 2051 for 250 pips OR Wait for the 2057 key level to get tapped and if price shows signs of rejections sell down to 2031 for 250 pips Follow me for more!

theroyaltsar

Looking at the Weekly timeframe on TVC:DXY we are currently on a strong support area. TVC:DXY isn't showing any signs of reversal back up and with inflation soaring above the sky and powerful allies abandoning the US Dollar for Gold; I can say the recession has just begun! If you're a trader that deals with pairs correlated to the US Dollar; look to enter...

theroyaltsar

The next key level for OANDA:XAUUSD is 2030-2031. We wait and see what happens on there If price hits the 2030-2031 key level and shows signs of rejection we take a 300 pip short to 2000 But if price hits the 2030-2031 key level and breaks out we wait for a retest and take a 250 pip long to 2057. But let's see what the FOMC Minutes news event later today...

theroyaltsar

If you checked my previous post you would see the analysis I made on Gold either going up 200 pips or Gold going down 350 pips. We smashed our TP with 200 pips mega profit!. Follow me for more analysis!

theroyaltsar

Gold is on a downtrend at the moment as DXY(US Dollar) is showing signs of recovery after the big dip in March. But anything can happen at the moment with everything going on with BRICS Wait for either the breakout or retest of the trendline before you place trades. If price breaks above the trendline buy the retest to 2030 but if price retests at the...