Gold

Hi ObadaAdel,
It looks no more down.

Price reacted for correction at WO. Expecting now selling from PDH

Waiting for confirmation on where price might go; 1886 buy limit and 1905-1903 sell limit
Markets do appear to be largely driven by the fundamental and macro pictures at the moment and thus my initial thoughts are that any move will likely be dependent on the risk tone today as well as how market participants perceive the comments from Jackson Hole later this week.

we have to see 1885 again before bulls can stampede...personally i dont think it will hold and price will fall lower

H4 Timeframe

MACD diversion still in play. Down move couldn’t cancel the diversion but MACD didn’t give signal yet(close above zero line).

MACD diversion will be cancelled if value goes below -6.748. It will give bullish signal if closes above zero line.

Daily reversal is imminent
dont forget

It should hit at least 1892 before going to 1910.

1890 max then we'll see 1910+

_____________ banked all = just kiddin - - - will B soon though !

Stay under ur dealer's aka broker radar = its Not easy if you hav Only 1 of them - - - spread it Out IMHO

Last for today,
Trade safe and till tomorrow

selling gold from 1897. sl 1900, tp- 1893

i was asleep cause was 4 in morning otherwise id have shorted...ill be looking for shorts in asia

Opened a sell trade..897.5
Updated tg link in my bio


Trade safe

Expecting a long consolidation now. Then another spike before resuming the bear trend.

Yeah it us really taking its time to fall, and will, the Dollar is already soaring to make higher high's again

i put sell limits at 1900 1902 and 1903

You don’t really wanna miss opportunity

retrace 1901 then sell all the way to 1810.

Nice closure on daily. Im seeing a big range today. This can hit 1909 first. Tokyo to london maybe?

GOLD(XAU/USD) - Technical Analysis

As evidenced by the attached chart, a pivotal development has occurred in the GOLD market with the breach of a significant Trend line. Presently, the price resides at the 1900 level, indicating the emergence of two distinct potential trajectories.

Scenario 1 involves an immediate advancement, propelling Gold towards the initial resistance at 1920. This signifies a key threshold, serving as a gateway to a subsequent ascent towards the broader supply zone spanning 1940 to 1950. This scenario hinges on the momentum generated by the trend line break.

Alternatively, Scenario 2 envisions a calculated maneuver by Gold, characterized by a second retest of the recently breached Trend line. This strategic move not only seeks to secure liquidity but also positions Gold for a measured climb to 1920, denoting the initial take profit level. Subsequently, this path aligns with an extended progression towards the supply zone at 1940 to 1950.


NOTE : It is prudent to approach this analysis with a disciplined risk management strategy, accounting for potential deviations from the projected price movement.