XAUUSD SELLING @ Trendline breakdown & retracement done already.

٢٢ يوليو

XAUUSD Price Forecast:

The XAUUSD (Gold) market has entered a selling zone, supported by several technical signals indicating a bearish trend.

Technical Outlook:
1. Trendline Breakdown:
- The ascending trendline has been broken, signaling a shift from an uptrend to a potential downtrend.

2. Retracement:
- A retracement has already occurred on the trendline, which typically serves as a confirmation of the trendline breakdown.

3. Volume Analysis:
- An increase in selling volume indicates that bearish sentiment is strong, with more traders showing interest in selling gold.

4. Moving Averages:
- A golden crossover between the 200 EMA and the 50 EMA is anticipated, which will further confirm the bearish trend. This crossover implies that short-term momentum (50 EMA) is overtaking long-term momentum (200 EMA) in a downward direction.

Trade Setup:
1. Entry Levels:
- Recommended entry levels for short positions are between 2405 and 2410.

2. Target Levels:
- The target for this trade is set at 2355.

Risk Management:
- Stop Loss: Place a stop loss above recent resistance levels or slightly above the broken trendline to manage risk effectively.
- Position Sizing: Ensure proper position sizing based on individual risk tolerance.

Example of Trading Plan:
- Sell Order: Place sell orders within the 2405-2410 range.
- Stop Loss: Set a stop loss around 2420-2425 to protect against unexpected market movements.
- Take Profit: Aim for the 2355 target level.

KEEP FOLLOW & SUPPORT ME..

٢٣ يوليو

تم فتح الصفقة

Recent Market Action:

Entry Level Touched: Gold (XAUUSD) reached the entry level at 2405.
Price Movement: Subsequently, the price fell to 2384.
Profit Zone: This movement allowed traders to enjoy profits from the anticipated sell-off.
Technical Analysis Recap:
Trendline Breakdown:

The breakdown of the ascending trendline was a key signal for the bearish trend.
Volume Analysis:

Increased selling volume supported the bearish outlook.
Golden Crossover:

The anticipated golden crossover of the 200 EMA and 50 EMA is reinforcing the bearish sentiment.
Trade Outcome:
Entry: 2405-2410
Exit: 2384 (current price level)
Conclusion:
The trade was successful, reaching the profit zone quickly after entry.
It's time to enjoy the profits and reassess the market for future opportunities.