Emas / Dollar A.S.Diupdate My Analysis of XAU/USD: Upcoming Economic Data and Trading ideas
As gold (XAU/USD) hovers near the psychological level of $2,700.4, with a recent low at $2,698.4, market sentiment is critical. Recent price action shows signs of fading momentum, with buyers stepping in to stabilize prices around $2,700-03 at the end of the week.
Supply and Demand Analysis
Using a supply and demand approach, the following zones are significant:
Demand Zone (PWH):
Range: $2,694.87 to $2,700.4
Opportunity: A bounce from this zone could present a buying opportunity, as recent action suggests increased buying interest.
Recent Low:
Level: $2,698.4
Analysis: A break below this level may indicate increasing selling pressure; however, a reversal could reaffirm support.
Supply Zone (EQH):
Level: $2,714.365
Opportunity: If prices rally here, it may create a chance to short, especially if rejection signals appear.
Trading Scenarios:
Long Position:
Entry: Around $2,700.4
Stop Loss: Below $2,694.87
Target: Near $2,714.365 or higher if bullish momentum continues.
Short Position:
Entry: Near $2,714.365 upon signs of rejection.
Stop Loss: Above the supply zone.
Target: Towards $2,700 or lower.
Upcoming Economic Releases
Several key economic indicators are scheduled for next week that could significantly impact the USD and, consequently, gold prices:
Conclusion
Monitoring these economic indicators is essential for navigating potential price movements in XAU/USD. Align your trading strategy with the outcomes of these indicators to enhance decision-making. With the current market dynamics, traders should remain vigilant and adaptable to changing conditions, capitalizing on opportunities based on the evolving economic landscape.
Supply and Demand Analysis
Using a supply and demand approach, the following zones are significant:
Demand Zone (PWH):
Range: $2,694.87 to $2,700.4
Opportunity: A bounce from this zone could present a buying opportunity, as recent action suggests increased buying interest.
Recent Low:
Level: $2,698.4
Analysis: A break below this level may indicate increasing selling pressure; however, a reversal could reaffirm support.
Supply Zone (EQH):
Level: $2,714.365
Opportunity: If prices rally here, it may create a chance to short, especially if rejection signals appear.
Trading Scenarios:
Long Position:
Entry: Around $2,700.4
Stop Loss: Below $2,694.87
Target: Near $2,714.365 or higher if bullish momentum continues.
Short Position:
Entry: Near $2,714.365 upon signs of rejection.
Stop Loss: Above the supply zone.
Target: Towards $2,700 or lower.
Upcoming Economic Releases
Several key economic indicators are scheduled for next week that could significantly impact the USD and, consequently, gold prices:
- Consumer Price Index (CPI): January 23
- Higher inflation may bolster gold demand.
- FOMC Minutes: January 24
- Insights on future interest rate policy could influence market sentiment toward the USD.
- Initial Jobless Claims: January 25
- An increase could weaken the USD, potentially supporting gold prices.
- Manufacturing and Services PMI: January 26
- Strong data may strengthen the USD, thereby exerting pressure on gold.
Conclusion
Monitoring these economic indicators is essential for navigating potential price movements in XAU/USD. Align your trading strategy with the outcomes of these indicators to enhance decision-making. With the current market dynamics, traders should remain vigilant and adaptable to changing conditions, capitalizing on opportunities based on the evolving economic landscape.
Trade aktif
market opened with a clear sell to buy move ltf denying us entry confirmation to the propose trading plan.as that was happening we initiated our buy setup at the strong pdl demand zone for a strong push to the upside..with always following a confirmation based analysis we executed our buy side setup at strong demand area 2694-2689 target 1.3 rr at 2714Trading ditutup: target tercapai
we attained our target now lets see if bears will hold at that supply..
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.