XAUUSD MONDAY 4.11 - LONG
I am looking to enter a long position around 2747 with target prices TP1: 2754 and TP2: 2760. 🚀 First, we must see the market's reaction at open, observe volume, watch for a trendline break, and gauge overall sentiment. 📊 On Monday, we have no impact news, allowing us to focus on technical levels. Upon entry, I will further confirm if the trade is truly valid.
📅 Macroeconomic Context
With upcoming U.S. elections, I anticipate a Trump victory, which could boost USD/DAX prices and push gold prices down. Larger market players ("Big Boys") will likely aim for short positions, pushing the price up first to secure optimal entries.
🕵️ Key Zones and Money Flow
We are in a strong support area with substantial money flow. I will carefully monitor reactions at key zones, especially for potential manipulation in DAX prices. 🔍
📐 Key Level 2760 - Golden Fibonacci Zone
At 2760, we find a “golden Fibonacci” zone, which has previously acted as respected resistance. I plan to partially close the trade in this area. If this zone is broken, I will hold part of the position further and update on new targets. My final target would be around 2767, but only if the 2760 zone is broken.
📅 Macroeconomic Context
With upcoming U.S. elections, I anticipate a Trump victory, which could boost USD/DAX prices and push gold prices down. Larger market players ("Big Boys") will likely aim for short positions, pushing the price up first to secure optimal entries.
🕵️ Key Zones and Money Flow
We are in a strong support area with substantial money flow. I will carefully monitor reactions at key zones, especially for potential manipulation in DAX prices. 🔍
📐 Key Level 2760 - Golden Fibonacci Zone
At 2760, we find a “golden Fibonacci” zone, which has previously acted as respected resistance. I plan to partially close the trade in this area. If this zone is broken, I will hold part of the position further and update on new targets. My final target would be around 2767, but only if the 2760 zone is broken.
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