Forecast for XAUUSD 5 DEC 2022 for Fundamental Analysis and Technical Analysis

Trending clips highly rated Major Oscillator Indicators, Channel Trading System, Price Action Trading, Trading With Forex Tools, and Bollinger Bands Downtrends, Forecast for XAUUSD 5 DEC 2022 for Fundamental Analysis and Technical Analysis.

Fundamental Factors

1) ISM Services PMI is forecasted at 53.5 compare to 54.4

2) OPEC+ would order deeper production cuts for January, as they had already announced in October a 2 million barrels per day reduction that is to last through 2023. .

3) The strong jobs number could make the Federal Reserve rethink its plan to impose smaller rate hikes here on to curb inflation when the central bank holds its monthly policy meeting on Dec. 14.

4) Gold prices were steady on Monday despite stronger-than-expected U.S. jobs data indicating more potential interest rate hikes, while copper prices rose as more Chinese cities relaxed COVID-19 restrictions, raising hopes for a full reopening.

5) China is easing its zero covid policy which will help to skyrocket copper demand which will help to gold increasing more in price.

Trend is towards Bullish.

Fundamental Range : 1,794.52-1,803.45

Technical Analysis

Check at Daily Timeframe Support and Resistance for Fibonacci.

Check based on the current timing for the Support and Resistance when you want to go into trade.

Resistance Area : 1790.35,1830.41,1895.25
Support Area : 1795.83 ,1794.69,1792.83
Pivot point :1797.69

Confirm with technical indicators and based on your own technical analysis for the trend.

Check investing.com to get more info on what most indicator would display

Check higher timeframe also for more confirmation for entry in Daily timeframe.

The technical indicator display strong buy in Daily and strong buy in weekly and buy in monthly timeframe.

Use linear regression to get confirmation trend at daily as they are not available in investing.com

Linear regression shows a neutral but slight downtrend at the daily timeframe .Can check linear regression trend in weekly and monthly for more confirmation.For weekly, it is downtrend and for monthly,it is showing uptrend.

Use Bolinger Band Strategy Tester and RSI Strategy Tester to get more confirmation for the trend and percent profitable.Check at bigger timeframe also such as weekly and monthly.

Ensure that both RSI strategy and Bolinger Band Strategy gives above 50%. for the percent profitable

RSI strategy tester and Bolinger Band Strategy Tester at the daily and weekly has percentage higher than 50% , supporting towards neutral compare to the other timeframe such as Monthly.

Find buy at the daily chart by using the first support point,1795.83 , and take profit will be at the pivot point,1797.69, stop loss at support 2 ,1794.69 (SEE CURRENT MARKET PRICE)

See current market and find the nearest support point for entry and take profit at the pivot point.

Fundamental and Technical analysis must be aligned

For further information, contact me ,Gurmit at +60142584067, I will guide anyone who wants to register with Weltrade. You can register at the link below. Thank you.

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DISCLAIMER :This analysis is based on Investing.com and Forexfactory.com. You may follow based on your own discreetion.

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Bollinger Bands Downtrends, Forecast for XAUUSD 5 DEC 2022 for Fundamental Analysis and Technical Analysis.

Bollinger Bands – A Leading Indication Of Future Cost Movement

Making money in the foreign exchange is not difficult at all as long as you keep things basic. Again we frequently lose around twenty percent of the pattern. Prevent approaches that utilize cycles instead of signs of patterns.

Forecast for XAUUSD 5 DEC 2022 for Fundamental Analysis and Technical Analysis, Search latest full videos relevant with Bollinger Bands Downtrends.

Forex Trading System – How To Develop Your Own System

They keep buying even though prices move into the illogical levels beyond +2. The signs suggest an unstable range next week. It is an advised to set a stop loss a few points under a natural support level.

When truly all they need is to do a bit of research on the net and develop their own, today numerous traders purchase product trading systems and invested cash on expensive software.

The Bollinger Bands – show you the volatile rate levels of a currency. Understanding how this appropriately works can assist you achieve how to make good earnings in the FOREX market.

You can identify the patterns through numerous signs like setting your charts with using candlesticks, and likewise can add the Bollinger Bands along with the Stochastic Oscillator. When the price may come to the bottom level, they will help you to have a correct track and time. For this you need to follow each stock for lots of days so that you will catch the right formation of the candlestick.

Bollinger Bands Trader Because previous post, I described a trade where I was persuaded that the AUD/USD was going to head much lower from the 0.7540 location. There was a regional top near 0.7570, so I positioned my stop there and got secured when the cost spiked up past that point. The cost turned back down and I entered another short position at around 0.7530. Being a glutton for penalty I suppose, I put my brand-new stop at 0.7580 which was just above the spike that had taken me out in the past. “No chance it might happen two times in a row” I thought. Wrong. The price increased up above 0.7580, took me out and then headed south once again!

My guidance would be to search for a room that covers a minimum of Bollinger Bands 2 trading sessions. The most popular trading sessions are the UK and United States sessions. The UK session starts at around 7.30 am UK time, and ends around 5.30 pm UK time. The US session begins around 1.30 pm UK time and ends at around 9pm UK time.

Simply put kind it’s a) comprehend how your trades work, b) find out when it is best to use them, c) identify those key market events/ sign occasions, and d) execute your trade/ search for another chance.

When you use them in conjunction with other technical tools, Bollinger bands are extremely helpful. For example, you can use it with RSI sign. When the costs go down and you see below, a favorable divergence. The RSI starts to increase. Upper tiers of RSI means that the current market is oversold.

They have a lot of experience and rather a couple of techniques up their sleeves. The principles are quickly relevant for routine stocks or alternatives trades. This is also referred to as the, Bollinger Band Squeeze.

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