👑 Ideas For XAUUSD / GOLD
📈 GOLD → False breakdown and retest give mid-term targets
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XAU is forming a signal that gives us insight into further medium-term potential. The market is trading within a descending price channel. Strong
DXY continues to put pressure on the XAU price
There is quite a lot of news published in the coming week. It is worth paying your attention to the following:
13.09:
• Core CPI
• CPI (MoM) & (YoY)
14.09:
• Core Retail Sales
• Initial Jobless Claims
• PPI
On the global timeframe we see a broad sideways flat formation. At the moment there is a potential for a decline towards 1800 in the medium term, and even towards 1700 or 1600 in the long term - standard trading strategies determine the trading potential within the flat.
On the daily timeframe we see a false breakdown of the descending channel resistance. After two bearish candles the market forms a shakeout and a retest of the trend resistance, but a new signal is formed - a candlestick pattern with a long candle, which is also a prerequisite for a red market.
Local support level is 1915, in the first half of the trading week the market may test this area with a high probability of further breakout and realization of accumulated potential for further decline to the lower boundary of the channel or flat
➖ ➖ ➖ ➖ ➖
#XAUUSD 👑
〰️〰️〰️
🟡 How do I join the VIP🔅
⚡ Join the VIP channel 🟢
〰️〰️〰️
💬 My Contact - Ask Linda✅️
💻 Web - RLinda.com ✅
📈 GOLD → False breakdown and retest give mid-term targets
➖ ➖ ➖ ➖ ➖
XAU is forming a signal that gives us insight into further medium-term potential. The market is trading within a descending price channel. Strong
DXY continues to put pressure on the XAU price
There is quite a lot of news published in the coming week. It is worth paying your attention to the following:
13.09:
• Core CPI
• CPI (MoM) & (YoY)
14.09:
• Core Retail Sales
• Initial Jobless Claims
• PPI
On the global timeframe we see a broad sideways flat formation. At the moment there is a potential for a decline towards 1800 in the medium term, and even towards 1700 or 1600 in the long term - standard trading strategies determine the trading potential within the flat.
On the daily timeframe we see a false breakdown of the descending channel resistance. After two bearish candles the market forms a shakeout and a retest of the trend resistance, but a new signal is formed - a candlestick pattern with a long candle, which is also a prerequisite for a red market.
Local support level is 1915, in the first half of the trading week the market may test this area with a high probability of further breakout and realization of accumulated potential for further decline to the lower boundary of the channel or flat
➖ ➖ ➖ ➖ ➖
#XAUUSD 👑
〰️〰️〰️
🟡 How do I join the VIP🔅
⚡ Join the VIP channel 🟢
〰️〰️〰️
💬 My Contact - Ask Linda✅️
💻 Web - RLinda.com ✅
