GOLD DID WELLGOLD made a false break at the support level and trendline.
Price pulled back after making a higher high and higher close.
The market is in consolidation, and price is likely to move higher and test resistance since the trend is bullish .
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Goldsell
XAUUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Trading opportunity for XAUUSD GOLDBased on technical factors there is a Sell position in :
📊 XAUUSD GOLD
🔴 Sell Now 1739.145
🧯 Stop loss 1761.061
🏹 Target 1 1718.000
🏹 Target 2 1693.000
🏹 Target 3 1672.000
💸RISK : 1%
We hope it is profitable for you ❤️
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Gold will Hit 1755 ? Gold Analysis Thursday 17 November
Gold performance Wednesday: Gold opened at $1778, made high at $1785 and low at $1770. Gold closed at $1774, $4 less than Tuesday closing.
Today, Gold opened at $1766. Support is at $1752 and Resistance is at $1782. Trend is Neutral.
Fundamental events according to Pakistan time.
06:30 PM, US Unemployment claims, Philly FED Manufacturing Index
US Unemployment claims: Previous figure 225,000. Market expectation 228,000. If figure increases, this will be negative for US$ and positive for Gold. If figure decreases, this will be positive for US$ and negative for Gold.
Philly FED Manufacturing Index: Previous figure was -8.7, Market is expecting -6.0. If figure increases to positive, this will be positive for US$ and negative for Gold. If figures increase to further negative, it will be negative for US$ and positive for Gold.
07:15 PM-08:40 PM, FOMC member speeches
🔴 GOLD - 1D (14.11.2022)🔴 GOLD
TF: 1D
Side: Short
SL: $1773.60
TP 1: $1,734.25
TP 2: $1,709.95
TP 3: $1,690.30
Time for a correction on Gold.
Gold may lose its luster a bitThe rise that accompanied gold this week was brightness, not the rise of gold, which rose from 1616 to 1771 levels in just a week, but this rise is conditional on a correction that may extend to 1735 levels.
We are not saying that the price will be corrected from the current prices, but it may rise slightly, and then selling is available to those who speculate on gold.
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Note: If you are a beginner trader, you should be aware of these rules:
1: Do not covet
2: Don't trade too much
3: Secure your positions after entering the profit
4: Enter contracts that fit your portfolio
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GOLD SELL Signal 04 Nov 2022, TP is 520 pipsIn the name of ALLAH the most merciful...
Trade Discipline:
Risk no more than 1.5% of your equity on a single trade.
Close 80% of trade position and move SL to profit breakeven after capturing 50% profit, if you follow my signal setup...
Success is achieved by following STRICT discipline!!!
GOLD Short SELL And Long BUY View....
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
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GOLD SELL Signal 04 Nov 2022, 220 pips TPIn the name of ALLAH the most merciful...
Trade Discipline:
Risk no more than 1.5% of your equity on a single trade.
Close 80% of trade position and move SL to profit breakeven after capturing 50% profit, if you follow my signal setup...
Success is achieved by following STRICT discipline!!!
GOLD: Bearish Pin Bar SignalGOLD – SPOT: Selling On Retracement Into The Range Of Bearish Long-Tailed Pin Bar Signal
Price Action: Price formed a Bearish Long-Tailed Pin Bar Signal overnight.
Price moved lower from the Inside Bar Pattern that had formed late last week (We did not consider trading this pattern).
Potential Trade Idea: We are considering selling on a retracement higher to within the range of the current Bearish Long-Tailed Pin Bar Signal.
XAUUSD top-down analysis, UPDATED!!Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD top-down analysis, UPDATED!!Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.