As you can clearly see, Gold has been dropping heavily ever since this week's open. At first, it closed the huge New Week Opening Gap and then started the drop, going as low as 4668, then it bounced back up, reaching 4772 and dropped yet again, currently being traded at 4697. Also, considering that Gold lost the key levels of 4802 and then 4780, it is currently bearish, but if the war ends and the geopolitical tensions end, Gold easily goes back to the Bullish run and go back to the 5000 zone and higher!
Now I expect Gold to drop further down, going back inside the April 6th NWOG and drop below the April 13th NWOG.
At first I expect Gold to sweep the liquidity below the 4668 level and then go towards the April 6th NWOG C.E. at 4657, and if it fails to stabilize above there, I expect it to go to sweep the liquidity below the 4644 level and finally the 4638 level, the Low of April 6th NWOG.
Targets: 4685, 4675, 4665, 4655 and 4645.
Everything is now bound to the result of the war, whether it ends, when the Strait of Hormuz will be opened or if it continues for now? We shall wait and see, President Trump renewed the Ceasefire for 3 to 5 days, so I guess we'll find out what happens by the weekend, until then, take care of your positions and do NOT make any unnecessary moves.
Now I expect Gold to drop further down, going back inside the April 6th NWOG and drop below the April 13th NWOG.
At first I expect Gold to sweep the liquidity below the 4668 level and then go towards the April 6th NWOG C.E. at 4657, and if it fails to stabilize above there, I expect it to go to sweep the liquidity below the 4644 level and finally the 4638 level, the Low of April 6th NWOG.
Targets: 4685, 4675, 4665, 4655 and 4645.
Everything is now bound to the result of the war, whether it ends, when the Strait of Hormuz will be opened or if it continues for now? We shall wait and see, President Trump renewed the Ceasefire for 3 to 5 days, so I guess we'll find out what happens by the weekend, until then, take care of your positions and do NOT make any unnecessary moves.
Trade ist aktiv
As you can see in the 2H chart of XAUUSD, it dropped all the way to 4658 level, meaning we hit 3 out of 5 targets, and then bounced back up from there, currently being trade at 4692.I expect Gold to be rejected by the April 24 NDOG and it drop to back inside the April 6th NWOG and below the the April 13th NWOG Low to sweep the minor liquidity below the 4658 level and then go for the liquidity below the 4644 level and then we shall see if it bounces back above the April 6th NWOG Consequent Encroachment at the 4957 level and stabilizes there; If so, it could go back higher to the 4670 level first and then 4694.
If it fails at staying above the NWOG C.E., we could see further drop to the 4600 level.
However, if Gold goes above the April 24th NDOG and then stabilize above the 4710 level which is the Consequent Encroachment of the April 13th NWOG, we could see it go towards the 4750 level.
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Free channel: t.me/AmirAliTrading_Official
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.