XAUUSD MONDAY 4.11 - LONG
I am looking to enter a long position around 2747 with target prices TP1: 2754 and TP2: 2760. 🚀 First, we must see the market's reaction at open, observe volume, watch for a trendline break, and gauge overall sentiment. 📊 On Monday, we have no impact news, allowing us to focus on technical levels. Upon entry, I will further confirm if the trade is truly valid.
📅 Macroeconomic Context
With upcoming U.S. elections, I anticipate a Trump victory, which could boost USD/DAX prices and push gold prices down. Larger market players ("Big Boys") will likely aim for short positions, pushing the price up first to secure optimal entries.
🕵️ Key Zones and Money Flow
We are in a strong support area with substantial money flow. I will carefully monitor reactions at key zones, especially for potential manipulation in DAX prices. 🔍
📐 Key Level 2760 - Golden Fibonacci Zone
At 2760, we find a “golden Fibonacci” zone, which has previously acted as respected resistance. I plan to partially close the trade in this area. If this zone is broken, I will hold part of the position further and update on new targets. My final target would be around 2767, but only if the 2760 zone is broken.
📅 Macroeconomic Context
With upcoming U.S. elections, I anticipate a Trump victory, which could boost USD/DAX prices and push gold prices down. Larger market players ("Big Boys") will likely aim for short positions, pushing the price up first to secure optimal entries.
🕵️ Key Zones and Money Flow
We are in a strong support area with substantial money flow. I will carefully monitor reactions at key zones, especially for potential manipulation in DAX prices. 🔍
📐 Key Level 2760 - Golden Fibonacci Zone
At 2760, we find a “golden Fibonacci” zone, which has previously acted as respected resistance. I plan to partially close the trade in this area. If this zone is broken, I will hold part of the position further and update on new targets. My final target would be around 2767, but only if the 2760 zone is broken.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.