XAUUSD swings higher to test 1810-1830!
Last week we were able to test the lows of 1783. We ended the year above 1800 only to dip the first week of 2022 possibly creating a makeshift bottom for the month.
I anticipate gold to swing higher to test minimum 1801-1804 levels and if volume permitting to rolling into 1810+.
If you look to the left my fixed range volume profile has the POC tapped from NFP and looking to swing to its highest up volume area of 1802-1808.
NFP on 1/7/22 did not provide the fuel for a real gold move.
Weak DXY failing 96.4 gives me confidence it wants to test 95 flat or high 94 levels as the US gov struggles to pull the cord + potential tech market crash.
MA 200 is at 1794 on 4HR (which it fully closed above)
MA 200 is at 1800 on Daily
My entries:
1790.5
1796.7
buy stop @ 1798
Move is invalid if 4HR close under 1785 support zone.
IF FAIL NEXT LEVEL IS RED 1760S and lower to 1730s
I anticipate gold to swing higher to test minimum 1801-1804 levels and if volume permitting to rolling into 1810+.
If you look to the left my fixed range volume profile has the POC tapped from NFP and looking to swing to its highest up volume area of 1802-1808.
NFP on 1/7/22 did not provide the fuel for a real gold move.
Weak DXY failing 96.4 gives me confidence it wants to test 95 flat or high 94 levels as the US gov struggles to pull the cord + potential tech market crash.
MA 200 is at 1794 on 4HR (which it fully closed above)
MA 200 is at 1800 on Daily
My entries:
1790.5
1796.7
buy stop @ 1798
Move is invalid if 4HR close under 1785 support zone.
IF FAIL NEXT LEVEL IS RED 1760S and lower to 1730s
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.