GOLD → Negative fundamental background. Shakeout

XAUUSD surprised many people yesterday, but not us. On the background of the previous days analysis (technical + fundamental) we had an idea about further actions on the market

GOLD → The certainty of a strong market or the trap of MM?


In brief: Powell left the rate unchanged, but there were a lot of words that if the market remains aggressive, they will apply appropriate measures. And considering the fact that based on all the FOMC & FED actions against inflation, it is only getting stronger, the market can be considered aggressive, hence, the fundamental backdrop for gold is still negative, as the DXY will continue to rise.
In terms of technical analysis, gold is forming a false breakout of the following liquidity zones: 1928, 1935, 19466 at the moment Powell's speech ends and the market actively sells off the entire rise. On D1 the price again forms a false breakout of trend resistance, preparing the market for further decline. A retest of MA-200 on H1 with a subsequent breakout and decline to 1915 - 1900 may be formed soon

GOLD → The market is waiting for the FOMC. What to expect?


Support levels: 1922, 1915, 1902
Resistance levels: 1928

I expect a possible retest of the nearest resistance areas before a further fall against the negative fundamental background and the current bearish trend

XAUUSD GOLD GC1! MGC1! DXY BXY SILVER XAGUSD SI1!

Regards R. Linda!
Beyond Technical AnalysisDescending ChannelDescending TriangleDXYfalsebreakoutFLATFundamental AnalysisGC1! (Gold Futures)GoldTechnical IndicatorsSupport and ResistanceXAUUSD

🌹TRADING is a CASINO💔!?

NO‼️

You❗️CAN and ❗️SHOULD make money in trading!

Join me, I'll guide you to PROFITABLE TRADING💵!

🟢Free Telegram Channel:
t.me/RLindaTrade

🔴Contact:
t.me/RLindaSignals

🧿Web: rlinda.com
Anche su:

Pubblicazioni correlate

Declinazione di responsabilità