Gold-short
XAU/USD (Selling Opportunity)Short Call on OANDA:XAUUSD
I have a selling bias on gold:
Printing LLs and LHs
Bearish divergence on 1hr
At resistance level
Also, DXY seems like it will get strengthen
As per the 10 years seasonals, gold has been bearish mostly.
Best of Luck!
Your feedback would be appreciated!
GOLD Will Go Down From Resistance! Short!
Hello,Friends!
Based on the technical analysis
And the recent minor fundamental news
GOLD looks bearish to me overall.
I think that market-makers will be pushing the pair down
That is why we are going short!
Like and subscribe and comment my ideas if you enjoy them!
Gold- Structure remains bearish, in spite of Friday's reversalAfter touching 1620 on Friday, Gold has reversed strongly finishing the day towards 1660 resistance.
Looking at the posted daily chart we can see that the bearish structure is still intact in spite of this almost 400 pips reversal and will remain so as long as the 1680-1690 ceiling is intact.
That being said, my medium-term outlook remains bearish and I expect a new wave of selling.
Also, those of you who are calling for a double bottom should know that this pattern is confirmed ONLY by a break above 1725
GOLD Will Go Lower From Resistance! Sell!
Hello,Friends!
Indecision in the market is changing
Towards a well defined bearish sentiment
And the price action on the lower timeframes
Is clearly supporting this narratve
Therefore, I think it is a goodidea to go short!
Like and subscribe and comment my ideas if you enjoy them!
GOLD ANALYSIS. LOOKING TO SHORT!Hello Traders
Currently we are forming subwave 4 in our bearish motive.
We are expecting price to reverse at our 0.618 fibonacci level now as we can see a trendline and our DAILY EMA here.
We are also expecting price not to surpass our wave 4 invalidation box which is where we will place SL's.