XAU/USD (GOLD)
On the H4 chart, prices have recently broken out of our bearish trendline and are retesting it at our 1st support. We see potential for prices to climb from our 1st support at 1791.93 in line with 61.8% Fibonacci retracement towards our 1st resistance at 1804.54 in line with 127.2% Fibonacci extension and 50% Fibonacci retracement. Technical indicators are showing bullish momentum. Alternatively, breaking our 1st resistance will find prices climbing further towards our 2nd resistance at 1815.59 in line with 161.8% Fibonacci projection.
Areas of consideration:
4h 1st support at 1790.93
4h 1st resistance at 1804.54
On the H4 chart, prices have recently broken out of our bearish trendline and are retesting it at our 1st support. We see potential for prices to climb from our 1st support at 1791.93 in line with 61.8% Fibonacci retracement towards our 1st resistance at 1804.54 in line with 127.2% Fibonacci extension and 50% Fibonacci retracement. Technical indicators are showing bullish momentum. Alternatively, breaking our 1st resistance will find prices climbing further towards our 2nd resistance at 1815.59 in line with 161.8% Fibonacci projection.
Areas of consideration:
4h 1st support at 1790.93
4h 1st resistance at 1804.54
#intraday_trading
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#XAUUSD is possibly bearish
Most likely scenario – SELL
Target prices: 1,786.92 1,782.14
Alternative scenario – BUY
Target prices: 1,795.28 1,800.35
Key levels
Support 1,786.92 1,782.14
Resistance 1,795.28 1,800.35
Learn more ▶️
📌 Check out intraday trading idea
#XAUUSD is possibly bearish
Most likely scenario – SELL
Target prices: 1,786.92 1,782.14
Alternative scenario – BUY
Target prices: 1,795.28 1,800.35
Key levels
Support 1,786.92 1,782.14
Resistance 1,795.28 1,800.35
Learn more ▶️
Morning Gang!!! 🚀
Success is not FINAL; Failue is not FATAL: It is the COURAGE to CONTINUE that counts 😎
Always keep this in mind when trading! Whats important is your courage to push forward your dreams and aspiration
@Patil_traders🌞
Success is not FINAL; Failue is not FATAL: It is the COURAGE to CONTINUE that counts 😎
Always keep this in mind when trading! Whats important is your courage to push forward your dreams and aspiration
@Patil_traders🌞
🎯🎯🎯🎯Gold (XAU/USD) – A Technical Outlook; Brace for Correction until $1,819
Gold is trading substantially higher, at $1,824, following a bearish reversal after attempting the $1,830 resistance. The XAU/USD pair is obtaining immediate support on the 4-hourly chart at around 1,824, which is being prolonged by the daily pivot point mark.
Closed candles above this level suggest a rise in gold; on the higher side, considerable resistance remains at around 1,834 and 1,840.
A bullish break beyond this level would expose gold to the 1,850 level.
In contrast, a break below the 1,824 level would expose the XAU/USD to the 1,818 or 1,808 support zones. The next support level is at 1,802, or even lower. There appears to be a bullish bias above 1,824, and vice versa.
Gold is trading substantially higher, at $1,824, following a bearish reversal after attempting the $1,830 resistance. The XAU/USD pair is obtaining immediate support on the 4-hourly chart at around 1,824, which is being prolonged by the daily pivot point mark.
Closed candles above this level suggest a rise in gold; on the higher side, considerable resistance remains at around 1,834 and 1,840.
A bullish break beyond this level would expose gold to the 1,850 level.
In contrast, a break below the 1,824 level would expose the XAU/USD to the 1,818 or 1,808 support zones. The next support level is at 1,802, or even lower. There appears to be a bullish bias above 1,824, and vice versa.
#webinars_schedule
👋 Hello! We want to announce the upcoming webinars to be held this week:
17/01, 7 PM WIB - BAHASA INDONESIA Q&A session with Vito Henjoto
18/01, 9 PM MYT - ENGLISH Live trading session with Kar Yong Ang
18/01, 9 PM IST - HINDI Live trading session with Manish Patel
19/01, 7 PM WIB - BAHASA INDONESIA Live trading session with Vito Henjoto
19/01, 8:30 PM PKT - URDU Lesson #3 'Live Chart Tools' with Mateen Awan
19/01, 6 PM WAT - ENGLISH Webinar 'The Forex Fundamentals' with Ambrose Ebuka
20/01, 7 PM WIB - BAHASA INDONESIA Live trading session with Eko Bagus Setiawan
20/01, 9 PM IST - HINDI Live trading session with Manish Patel
21/01, 7 PM WIB - BAHASA INDONESIA Webinar 'Trading Mindset Training' with Vito Henjoto
21/01, 9 PM IST - HINDI Traders' Book Club with Manish Patel
21/01, 8:30 PM PKT - URDU Lesson #4 'Trading Oscillators' with Mateen Awan
👋 Hello! We want to announce the upcoming webinars to be held this week:
17/01, 7 PM WIB - BAHASA INDONESIA Q&A session with Vito Henjoto
18/01, 9 PM MYT - ENGLISH Live trading session with Kar Yong Ang
18/01, 9 PM IST - HINDI Live trading session with Manish Patel
19/01, 7 PM WIB - BAHASA INDONESIA Live trading session with Vito Henjoto
19/01, 8:30 PM PKT - URDU Lesson #3 'Live Chart Tools' with Mateen Awan
19/01, 6 PM WAT - ENGLISH Webinar 'The Forex Fundamentals' with Ambrose Ebuka
20/01, 7 PM WIB - BAHASA INDONESIA Live trading session with Eko Bagus Setiawan
20/01, 9 PM IST - HINDI Live trading session with Manish Patel
21/01, 7 PM WIB - BAHASA INDONESIA Webinar 'Trading Mindset Training' with Vito Henjoto
21/01, 9 PM IST - HINDI Traders' Book Club with Manish Patel
21/01, 8:30 PM PKT - URDU Lesson #4 'Trading Oscillators' with Mateen Awan
