ISR @ 2030.34
RESISTANCE @ 1970
TP1 @ 1860
TP2 @ 1760 (near major support)
TP3 @ 1690 (aggressive)
TP4 @ 1580 (aggressive)
SUPPORT @ 1553.75
IBR @ 1490
FUNDAMENTAL ANALYSIS:
It is important to keep in mind the current state of the US dollar. With its value decreasing, it is crucial to manage our short positions accordingly. We must be vigilant and keep a close eye on price action, as it can quickly return to the upside.
It is important to note that unless the anchor @ 1451.43 is broken, XAUUSD remains bullish. This means that we should be prepared to take advantage of any potential opportunities that arise in the market.
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RESISTANCE @ 1970
TP1 @ 1860
TP2 @ 1760 (near major support)
TP3 @ 1690 (aggressive)
TP4 @ 1580 (aggressive)
SUPPORT @ 1553.75
IBR @ 1490
FUNDAMENTAL ANALYSIS:
It is important to keep in mind the current state of the US dollar. With its value decreasing, it is crucial to manage our short positions accordingly. We must be vigilant and keep a close eye on price action, as it can quickly return to the upside.
It is important to note that unless the anchor @ 1451.43 is broken, XAUUSD remains bullish. This means that we should be prepared to take advantage of any potential opportunities that arise in the market.
WE ARE A COMMUNITY
BOOST a trade idea to share with others and "pay it forward"
FOLLOW to receive alerts of any new posted ideas
COMMENT with questions, insight, and expertise
JOIN our group chat: receive free analyses on any instrument
Trade active
If Price Action continues to move in our favor (to the downside), I'm going to exit this trade @ TP1.
REASON: The latest Curve Analysis shows that an uptrend is underway, so I have a new Buy Order Setup.
(An Aggressive Opportunity)
SSO @ 1925 📉
TP1 @ 1885
TP2 @ 1855
BLO1 @ 1840 ⏳
BLO2 @ 1825 ⏳
Note
UPSIDE: Gold is nearing a Supply Zone
DOWNSIDE: Demand begins around 1860
Professor C. E. Ward
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Professor C. E. Ward
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.