https://www.tradingview.com/x/lZDs7tzL/
XAUUSD 30m Chart. These are all basically rising-wick-bearish 30 minute candles. What I see here is a retrace giving the elusion of recovering price, however the bigger overall trend for Gold currently I believe to be down.
XAUUSD 30m Chart. These are all basically rising-wick-bearish 30 minute candles. What I see here is a retrace giving the elusion of recovering price, however the bigger overall trend for Gold currently I believe to be down.
Dagangan aktif
So the Gold price on the hourly chart made a bottom 1 yesterday Tuesday and you can see price recovered through Tuesday New York Session and price getting back above the yellow 9ema. Then during wee-small hours last night Gold sold-off again creating a Bottom 2. Price has then today since 6am NY time recovered. I see price falling to firstly rebalance the bullish purple candle because big bullish candles get retested sooner or later. I then see price heading down to make another bottom. A bottom 3 around 2474/71
Dagangan aktif
If you are looking for a trade ideaRisk 0.25 to 0.5% only of total capital
SL: 2497
TP 2474
Sell at market or wait for a retrace
Nota
Australia releases some important economic data in 25 minutes re-trade balance & others. Price may settle into a temporary direction following the outcome of this.Nota
As I live in Australia. In some ways this country is great for example, freedom and no wars. In other ways it is like the 1915s still.They don't even publish their economic data. Politicians and their economists must be so frightened about transparency.
Nota
investing.com do not publish Aussie data but Babypips do.It look like the trade balance was a bullish number bigger number so Gold may not get support.
Dagangan ditutup: hentian tercapai
I said a few hours back that a break above 2500.25 would be bullish for Gold. One thing I am watching is the USDX which has pulled back to important Fib Levels 50% soon at 38.2%. That tells me to be cautious about this Gold rally. It could be very short term, if the USDX breaks out after pulling back to 38.2.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.
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.