06 Dec 2022, 09:14 · Views 503

#XAU/USD# Morning guys, this is my expectation fot today’s gold. Span B is a new strong resistance in H1 timeframe which made 1775-1770 is a strong resis area. If this morning, asia gold could not break through it which is my expectation we could place sell 1775, TP 1762, SL 1780. Good luck guys.

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Mancy Lee

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DNBC Global / Forexcec.com / https://www.dnbcmarkets.com I'm here to give you some advice, trading scenario. It would be great if you could earn something from Forex.

XAU/USD

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#XAU/USD# On H4 timeframe, we can see that gold currently has sideway among 1760 and 1739, probably we will have to stand outside to see what is the next price action. Once it breaks sup & resis 1760, 1739, we can confidently start our position above this area. Thus, stay alert that we are about to head the last day of the month, be careful with your decision guys, good luck. We also have Friday’s non-farm news, try to close your position then.

Mancy Lee

#XAU/USD# Good morning, this is the weekly gold prediction Gold price this week has been under selling pressure when approaching the level of 1,800 USD/oz. Accordingly, after heading the threshold of USD 1,787/oz, the international gold price dropped sharply for 3 consecutive trading sessions, sometimes down to USD 1,747/oz and closed the week at USD 1,750/oz. The reason gold price is under downward pressure in the last trading sessions of this week is because FED officials stated that FED will continue to tighten monetary policy even though US inflation has dropped continuously for a while. Technically, after the up phase from 1618 to close to 1787, gold price showed signs of decreasing again after the price reaction around dynamic resistance with Weekly frame. can return to the area 1725-1700. If it sustains around this level and then moves up to break the 1800 round resistance, a new uptrend can be confirmed. Expected entry: Sell 1766, SL 1769, TP 1755, 1744, 1786 Buy 1670, SL 1665, TP 1708, 1715, 1724

Mancy Lee

#XAU/USD# price action and check candlestick are my favorite startegy to enter a position in Forex gold haha. Wish you luck today. Text me to start trading with me. I will give you free signals 😍

Mancy Lee

Good morning guys, yesterday’s GBPUSD has gone precisely with my first scenario. Today, as we can see, a form of Elliot has been created and we can expect it continue ascending to the yesterday’s resistance 1.1971. Therefore, today’s forecast would be: 1st: it would ascend to 1.1938 then retest back to 1.1893, we could place buy position here with confirmed signal, SL 1.1863, TP 1.1938, 1.1971. 2nd: if it break through the trendline support area, we will have to wait to see what happens next at 1.1708. Once it retest and cannot break 1.1742, we can confidently place sell 1.1740, SL 1.1760, TP 1.1674, 1.1598. Good luck guys. #GBP/USD#

Mancy Lee