🎯 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.
Join me, I'll guide you to PROFITABLE TRADING💵!
Telegram Channel:
t.me/elibrianalytics
Telegram Channel:
t.me/elibrianalytics
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Join me, I'll guide you to PROFITABLE TRADING💵!
Telegram Channel:
t.me/elibrianalytics
Telegram Channel:
t.me/elibrianalytics
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.