GOLD KING Signals 🤴♻️

👑 Ideas For XAUUSD / GOLD GOLD сontinues to update lows amid a bearish wave based on fundamental (economic) reasons. The market after a pullback may be willing to continue falling On D1 the outlook and situation is in the hands of bears. There is no big buyer on the market, who could turn the market around (not yet). Accordingly, a correction is forming due to liquidity captured by the false breakdown relative to 2335. Within the counter-trend correction, the price may test the density zone of 2354 before further declines. A pre-breakdown consolidation or a quick retest of 2335 will form the potential for further decline. Resistance levels: 2354, 2374 Support levels: 2335, 2306 False breakdown and stop from 2335 is most likely temporary. Keep an eye on local resistances, a false breakdown could be a motivation for sellers. #XAUUSD 👑

Gold is testing support and forming a false breakout. The market is very weak and it is hard to say how high it will go. Today is Friday and most likely no one will spend more forces to turn the market. All attention to the levels 2346, 2352, 2370 (liquidity).

👑 Ideas For XAUUSD / GOLD 📈 GOLD → The mood has shifted to bearish. A correction? ——————————————— GOLD is forming a bearish wave, within which it is declining from 2400 to 2350. The price is testing strong support amid the changing sentiment Within a bullish trend, after testing the high of 2450, the market catches up with a correction wave based on fundamentals. The market is caught by a wave of sell-offs, which can be continued after a pullback and retest of local areas of liquidity. From 2354 we expect a rebound to the above-mentioned areas and further we should follow the price reaction to the liquidity areas. Initial Jobless Claims and Purchasing Managers' Index are ahead. Traders are neutral towards the dollar, but amid the general policy, the dollar index may get support, which may have a peculiar effect on the gold, until the market finds new reasons to rise. Resistance levels: 2374, 2383, 2397 Support levels: 2354, 2336, 2306 Technically and fundamentally the market is still bullish, but a correction is forming within the uptrend, which may take a little longer. ——————————————— #XAUUSD 👑 ———————————————

🚨Move the StopLoss to the Entry point (To the breakeven point)

The First Take-Profit has been reached🎯💰: +42pips

New Signal⚠️ #GOLD Sell📉 at 2411.10 StopLoss❗️: 2415.15 Scalp trading: Take Profit 1️⃣: at 2407.25 Standart trading: Take Profit 2️⃣: at 2400.12 Swing trading: Take Profit 3️⃣: at 2384.83 — — — — — Be sure to use a stop loss❗️ — — — — — You can do: Move the SL to entry after reaching TP1 Move SL on TP1 after reaching TP2 Close part/all of the order at TP1 Close part/all of the order at TP2

👑 Ideas For XAUUSD / GOLD 📈 GOLD → Traders don't know what to do. Struggle for 2417 ——————————————— GOLD is stopping and forming a consolidation between 2400-2450, but at the moment the consolidation resembles a descending triangle. What's going on? The price breaks the local ascending support line in the correction phase, which makes traders panic (some start selling, others start actively buying). But the candlestick setup suggests that the buyer is still in the game. The market maker may shake down to liquidate traders. A retest of 2407-2400-2397 (ascending support line) is possible before further growth. The trend is bullish (locally and globally), while the market is waiting for the FOMC speech, which will be held today at 18:00GMT Resistance levels: 2417, 2426 Support levels: 2406, 2400 FOMC comments may warm up the crowd. Gold traders are in neutral stance for now and forming a range due to lack of understanding of the local environment. Consolidation above 2417 will renew the bullish potential. ——————————————— #XAUUSD 👑 ———————————————

Gold in moment😼: +160pips✅

The Second Take-Profit has been reached🎯💰: +120pips

Gold in moment😼: +72pips