👑 Ideas For XAUUSD / GOLD
📈 GOLD → Consolidation before the news. What could happen?
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#XAUUSD continues to consolidate in the 2050 - 2035 range. Powell speaks again today, earlier the US market got a higher GDP and good Initial Jobless Claims data, how will this affect his speech and how might gold react?
📈 GOLD → Consolidation before the news. What could happen?
➖ ➖ ➖ ➖ ➖
#XAUUSD continues to consolidate in the 2050 - 2035 range. Powell speaks again today, earlier the US market got a higher GDP and good Initial Jobless Claims data, how will this affect his speech and how might gold react?
The DXY is testing local levels, ahead of ISM Manufacturing PMI & Prices and also at 16:00 and 19:00 GMT Powell will speak. US inflation is declining and there are indicators for that, but the dollar is strengthening, which provokes gold to form a consolidation.
We are now confused by the death cross on D1, but again, since the gold is in a global sideways range, maybe we should not pay so much attention to this signal.
At the moment gold is testing the level of 2048.77 with a false breakdown.
On H1 we see strong consolidation, range boundary tests and false breakdowns. The market will wait for the news and most likely there will be no strong movements before that. The price is gaining liquidity before Powell's speech.
We are now confused by the death cross on D1, but again, since the gold is in a global sideways range, maybe we should not pay so much attention to this signal.
At the moment gold is testing the level of 2048.77 with a false breakdown.
On H1 we see strong consolidation, range boundary tests and false breakdowns. The market will wait for the news and most likely there will be no strong movements before that. The price is gaining liquidity before Powell's speech.
An actual rate cut is out of the question now, we will only need to hear positive sentiment or hints. If Powell hints more strongly about an imminent change of monetary policy to a more loyal one, the dollar index will resume its bearish trend and gold will head towards the upper global boundary of 2059 - 2067.
But, as a force majeure, negative news for gold, the realization of a false breakout and death cross, the price could quite possibly test both trend support, 2022, and the far liquidity zone 2010 - 2020, but it will not change the medium-term and long-term outlook for now. The market could test the global high by the end of the year (perhaps even soon).
But, as a force majeure, negative news for gold, the realization of a false breakout and death cross, the price could quite possibly test both trend support, 2022, and the far liquidity zone 2010 - 2020, but it will not change the medium-term and long-term outlook for now. The market could test the global high by the end of the year (perhaps even soon).
Support levels: 2038, 2035, 2022
Resistance levels: 2049, 2059
I am waiting for the publication of news, which will determine the short and medium term scenario for gold. The probability that the price will update the high increases as the Fed's sentiment improves
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Resistance levels: 2049, 2059
I am waiting for the publication of news, which will determine the short and medium term scenario for gold. The probability that the price will update the high increases as the Fed's sentiment improves
➖ ➖ ➖ ➖ ➖
#XAUUSD 👑
〰️〰️〰️
🟡 How do I join the VIP🔅
⚡ Join the VIP channel 🟢
🗣 Top FOREX Broker 🌟
〰️〰️〰️
💬 My Contact - Ask Linda✅️
💻 Web - RLinda.com ✅