Market – Dominion Markets https://www.dominionmarkets.com/marketanalysis Wed, 21 Sep 2022 01:10:41 +0000 en-CA hourly 1 https://wordpress.org/?v=6.4.2 https://www.dominionmarkets.com/marketanalysis/wp-content/uploads/2021/11/favicon-32x32-1.png Market – Dominion Markets https://www.dominionmarkets.com/marketanalysis 32 32 XAUUSD Technical Analysis 21.09.2022 1h chart https://www.dominionmarkets.com/marketanalysis/2022/09/20/xauusd-technical-analysis-21-09-2022-1h-chart/ Wed, 21 Sep 2022 01:10:41 +0000 https://www.dominionmarkets.com/marketanalysis/?p=1936
– Previous Daily candle closed Bearish at 1664.850 forming Daily Resistance at 1675.700.
– Buys on a close above 1668.900 as price breaks the 1h Resistance formed at New York open on Tuesday targeting Daily / 4h Resistance formed at 1675.700 leaving Runners to the 30min previous Support formed on (15.09.2022) at 1683.500.
– Sells on close below 1660.000 on the break of the previous Daily candle low targeting 4h previous Resistance formed on (08.04.2020) at 1652.300 leaving Runners to Daily / 1h Strong Support formed at 1645.500.
– We have Existing Home Sales data report 30min after New York Stock Exchange opens, later on the day we have the following  High Impact News events starting with the FOMC Economic Projections, FOMC Statement followed by the Federal Funds Rate, Previous: 2.50% / Forecast: 3.25%, 30min later we have the FOMC Press Conference explaining the reasoning behind the decision taken for the rate and then answering questions from the press regarding the present and the future policy.
]]> XAUUSD Technical Analysis 23.11.2021 1h chart https://www.dominionmarkets.com/marketanalysis/2021/11/22/xauusd-technical-analysis-23-11-2021-1h-chart/ Tue, 23 Nov 2021 01:46:23 +0000 https://www.dominionmarkets.com/marketanalysis/?p=93

-We’ve seen a Massive Drop on Gold after the President Biden picks Jerome Powell to Serve As Chair of the Federal Reserve for 2nd Term. and DR Lael Brainard to Serve as Vice Chair,
  • Overall the Bearish move on Gold also played out on Technical side based on previous Daily Candle (19.11.2021) Closing Bearish below Support at 1850. Buys Above 1811 is to have a better confirmation for price to close above the recent Resistance on the 30min Targeting 2 Strong 4h Previous Supports on the left (1816 and 1825), Those Targets could be met by the end of the Week and it all depends on Volume in the Market. Reason for having 72 Pips as A No Trade Zone is because when we usually have big moves more likely the price could possibly consolidate before breaking out of the Zone so is better to allow Price Action to Form.
    • Sells below 1803.800 makes perfect sense as the Current Daily Candle flip Bearish and breaking it’s Own Low. When looking at the Monthly Time Frame the candle is still Bullish so possibly this could be just a Pullback on the HTF from the Recent Resistance at 1815 to then Retest the Highs (HTF).
    News : We have Flash Manufacturing PMI and Flash Services PMI (Medium Impact News), They are looking at Good Numbers and if they turn out to be better than expected we could see gold Retesting the Previous Daily Candle Low at 1802 to then target 1799 and 1793.400 Previous Daily Resistances.
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