Gold Sell/ Short
🔰 Pair Name : XAU/USD
🔰 Time Frame : Daily
🔰 Scale Type : Long Scale
🔰 Direction : SHORT/SELL
The price has once again reached the daily support area around 1937, and we are closely monitoring the daily closure for further confirmation.
There are a few noteworthy factors aligning in this scenario. If the price convincingly breaks the uptrend channel and also breaches the 50% Fibonacci level at the daily closure, we will consider entering a sell position.
Additionally, taking into account the strength of the US Dollar and the market sentiment following Mr. Powell's talk and the release of Initial Job Claims data after 21st/22nd of June, we anticipate a downward movement in the Gold price towards at least 1868, which corresponds to the 61.8% Fibonacci level.
It is important to approach these potential trading opportunities with caution and rely on thorough analysis and confirmation.
Stay informed and trade wisely.
🔰 Time Frame : Daily
🔰 Scale Type : Long Scale
🔰 Direction : SHORT/SELL
The price has once again reached the daily support area around 1937, and we are closely monitoring the daily closure for further confirmation.
There are a few noteworthy factors aligning in this scenario. If the price convincingly breaks the uptrend channel and also breaches the 50% Fibonacci level at the daily closure, we will consider entering a sell position.
Additionally, taking into account the strength of the US Dollar and the market sentiment following Mr. Powell's talk and the release of Initial Job Claims data after 21st/22nd of June, we anticipate a downward movement in the Gold price towards at least 1868, which corresponds to the 61.8% Fibonacci level.
It is important to approach these potential trading opportunities with caution and rely on thorough analysis and confirmation.
Stay informed and trade wisely.
Trade ativo
Ordem cancelada
wait for further confirmationNota
Yesterday's post highlights a notable observation. If the daily closure forms a Doji morning star candle, it becomes apparent that the current price resides at the 50% Fibonacci level, which corresponds to the previous weekly higher high. Despite the prevailing downtrend in the market, there is a potential for price retracement towards the 38.2% Fibonacci level. This suggests a possible return to the 1973 area before further downward movement.However, it is crucial to consider the upcoming Power's speech, scheduled for tomorrow, which will primarily focus on future prospects and resolutions for existing issues. In contrast to today's report and inquiry centered around past negative aspects of the US economy, Power's speech has the potential to significantly influence economic sentiment. Therefore, it is advisable to exercise prudent trading strategies in light of the possible shifts in market sentiment.
Trade ativo
Nota
As per the analysis provided, it appears that the market sentiment is currently bearish for #gold. Despite the jobless claims data being slightly higher than predicted, the market interpreted it as positive news for the dollar. Consequently, after a brief spike in the price of gold, bearish movement has taken control.Based on this analysis, a potential trading strategy could involve selling gold with a stop-loss (SL) placed above 1835 and setting a minimum target of 1870 area.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.