xauusd analysis for 9/07/2024

9 juil.

Last week our analyis on xauusd was perfect , we have predicted that if it cannot break the 2319-2312 zone then it will be bullish up to 2385.

Targets hit

2337 ✅✅✅
2347✅✅✅
2362✅✅✅
2385✅✅✅

our analyis for today:

it will be a ranging market from 2353 to 2371, so buy the dip and sell the high.

▶️ if 2370 is broken then the market will fly upwards to 2385 2393 2404 2421 in extension

▶️ if 2353 support is broken then the market will fall towards
2342 2333 2321 2311 2306
.

we will make a detail analysis on fundamental technical and geopolitical scenarios.

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9 juil.

Note

in us market opening xauusd can be very volatile

9 juil.

Note

POWELLS SPEECH:
Inflation "remains above" the U.S. Federal Reserve's 2% target, but has been improving in recent months and "more good data would strengthen" the case for central bank interest rate cuts, Fed Chair Jerome Powell said on Tuesday in congressional testimony.
In comments that appeared to show increasing faith that inflation will return to the Fed's target, a requirement for easing monetary policy, Powell compared the lack of progress on that front in the first months of the year to recent improvement that has helped build the Fed's confidence that price pressures will continue to diminish.

9 juil.

Note

rejected from 2370 resistance

10 juil.

Note

today morning it got rejected three times from our resistance of 2370

10 juil.

Note

tradingview.com/chart/Jj94fS2F/?symbol=OANDA:XAUUSD

as we have predicted yesterday 2370 is acting as a great rejection zone and rejected 3 times in asian section today

10 juil.

Note

again rejected for the fourth time

10 juil.

Note

as predicted on breaking 2370 resistance hit the bullish target

2385✅✅✅✅

11 juil.

Note

our bullish target of 2421 hit ✅✅✅✅