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Gold-short

GOLD, will we see 1920 in wave 2 [UPDATE]Welcome back everyone! Gold followed my long term view and could have finished the wave B pullback within a wave 2 according to Elliot wave analysis. We are now at a very important important resistance zone 2072 - 2090 and got a first bearish reaction from here. The long term idea is that Gold ended impulsive wave 1 with the new ATH and now started an ABC correction in wave two. A move down in a wave C from here could develop in a large wave C correction with the main target at 1920. As this is a huge move I don't want to miss this and will observe the upcoming price development. I will update this analysis regularly, so feel free to follow my TV channel. Important support zones 2042 - 2053 2009 - 2019 1970 - 1980 1908 - 1938
FOREXCOM:XAUUSDShort
by Kyrean
GOLD Will Go Lower From Resistance! Sell! Take a look at our analysis for GOLD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 2032.644. The above observations make me that the market will inevitably achieve 2024.505 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
1
GOLD Will Go Lower From Resistance! Sell! Please, check our technical outlook for GOLD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 2025.53. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1991.60 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
TVC:GOLDShort
by SignalProvider
1
HelenP. I Gold will rebound from resistance level and start fallHi folks today I'm prepared for you Gold analytics. Some days ago price broke the resistance level, which coincided with the resistance zone and rose to the trend line, but soon it turned around and in a short time declined back, breaking the 2040 level again. In a short time later, Gold rose to the resistance zone and then continued to decline to the support level, which coincided with the support zone, but when XAU reached this level, the price broke it and declined even lower than the support zone. Next, Gold turned around and rose back to the 2000 level, broke it again, and later made a retest, after which continued to rise. But a not long time later, Gold made a correction to 2016 points, after which it made impulse up to the resistance level, which coincided with the trend line, but recently XAU rebounded and declined below. Now, the price trades near the trend line, and for my mind, Gold will rise to the resistance level, after which the price can turn around and start to move down. That's why I set my target at the 2015 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
GOLD Is Very Bearish! Short! Please, check our technical outlook for GOLD. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2029.738. Taking into consideration the structure & trend analysis, I believe that the market will reach 2017.553 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
2
GOLD Is Very Bearish! Short! Take a look at our analysis for GOLD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 2013.101. The above observations make me that the market will inevitably achieve 1962.505 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
2
GOLD Is Bearish! Short! Here is our detailed technical review for GOLD. Time Frame: 45m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1996.586. Considering the today's price action, probabilities will be high to see a movement to 1989.900. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
3
GOLD Will Go Down From Resistance! Short! Please, check our technical outlook for GOLD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2037.204. Taking into consideration the structure & trend analysis, I believe that the market will reach 2024.871 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
1
GOLD Will Go Lower From Resistance! Sell! Take a look at our analysis for GOLD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 2026.611. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 2005.945 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
1