🎯 Trade Setup
Direction: Long on pullback
🔹 Entry: $4,160–$4,180
🛑 Stop Loss: $4,140
🎯 Take Profit 1: $4,185
🎯 Take Profit 2: $4,210
Tarot TradingView: XAUUSD — Will the Rally Continue?
Tarot Spread
Question: What market dynamics are most likely for XAUUSD over the next 24 hours?
The Chart — Current Situation:
Structure matters more than emotion. Price action is being driven by objective data. Following a strong impulse, technical levels and confirmation are crucial.
Three of Stonks — Key Factor:
Buyer support, collective profit-taking, and a favorable news backdrop maintain a moderately bullish bias.
Paper Hands — Likely Scenario:
Profit-taking, volatile consolidation, or a brief pullback may occur before the next directional move.
News
Gold is holding near a weekly high following weaker-than-expected US employment data. Nonfarm payrolls increased by only 57,000 versus the 110,000 forecast, reducing expectations for a September Fed rate hike and weakening the dollar. Central banks also added a net 41 tonnes of gold to their reserves in May. The next important catalyst is the US ISM Services PMI. Reuters/MarketScreener, Vantage
Conclusion
The cards and market data broadly align: the underlying bias remains bullish, but consolidation or a brief corrective move is likely after the strong advance. Waiting for a controlled pullback appears preferable to chasing the price.
Tarot is used as a creative format. This publication does not constitute investment advice.
⚠️ Not financial advice.
Direction: Long on pullback
🔹 Entry: $4,160–$4,180
🛑 Stop Loss: $4,140
🎯 Take Profit 1: $4,185
🎯 Take Profit 2: $4,210
Tarot TradingView: XAUUSD — Will the Rally Continue?
Tarot Spread
Question: What market dynamics are most likely for XAUUSD over the next 24 hours?
The Chart — Current Situation:
Structure matters more than emotion. Price action is being driven by objective data. Following a strong impulse, technical levels and confirmation are crucial.
Three of Stonks — Key Factor:
Buyer support, collective profit-taking, and a favorable news backdrop maintain a moderately bullish bias.
Paper Hands — Likely Scenario:
Profit-taking, volatile consolidation, or a brief pullback may occur before the next directional move.
News
Gold is holding near a weekly high following weaker-than-expected US employment data. Nonfarm payrolls increased by only 57,000 versus the 110,000 forecast, reducing expectations for a September Fed rate hike and weakening the dollar. Central banks also added a net 41 tonnes of gold to their reserves in May. The next important catalyst is the US ISM Services PMI. Reuters/MarketScreener, Vantage
Conclusion
The cards and market data broadly align: the underlying bias remains bullish, but consolidation or a brief corrective move is likely after the strong advance. Waiting for a controlled pullback appears preferable to chasing the price.
Tarot is used as a creative format. This publication does not constitute investment advice.
⚠️ Not financial advice.
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Telegram Channel:
t.me/elibrianalytics
Telegram Channel:
t.me/elibrianalytics
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Join me, I'll guide you to PROFITABLE TRADING💵!
Telegram Channel:
t.me/elibrianalytics
Telegram Channel:
t.me/elibrianalytics
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.