#XAU/USD# My expecta...from Mancy Lee

07 Dec 2022, 09:48 · Views 517

#XAU/USD# My expectation today for gold is to sideway around 1774 and 1765. Once it break these two area, we can expect to buy 1774, SL 1770, tp 1782, in other hand, we can expect to sell if tit break 1764, SL 1767, TP 1758, 1750, 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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#GBP/USD# Yesterday, My second scenario happened. Yet we can continue to expect it would sideway somewhere among 1.2000 and 1.1713. We probably have to wait for the next market signals such as market news. However, we can start sell position at 1.2000, SL 1.2020, TP 1.1967 for a litte bit of scalping or buy 1.1715, SL 1.1651, TP 1.1769, 1.180. Good luck guys.

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

#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

#GBP/USD# This is my expectation for GBPUUSD. Morning guys , Yesterday GU has suddenly broke the ascending trend. Therefore, it has formed a descending back to 1.3330. Therefore, I believe there two scenarios that we could possibly think for today’s GU. 1st: if it break through 1.1429, it could skyrocket to 1.1600, yet be careful the trendline,1.1500, once it broke 1.1500 we could confidently place buy position 1.1518, SL 1.1498, TP 1.1540, 1.1560. 2nd: if it plumbed to 1.1300, we could wait for retest signal at 1.1357 to start selling, SL 1.1387, TP 1.1320, 1.1300, 1.1270

Mancy Lee

#XAU/USD# Generally, this week’s gold and XXX/USD is expected to be descended as last week’s non-farm has created a skyrocket milky way for us to the moon. However, it is time we have to set our foot on the ground as DXY has reached its strong support, so scenarios for XAUUSD generally is to sell, which: + It could start its descending trend to 1659-1661 just now and we can expect to sell now 1673, SL 1683, TP 1667, 1664, 1660 + It could regain its power to and back to 1683, this is the monthly trend line so we could expect to sell from here, 1683 SL 1687, TP 1680, 1675, 1670. Resistance & support for scalping: 1683-1659 Good luck guys.

Mancy Lee