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Gold-short

XAUUSD Weekly analysisI've tried to make this as clear as possible, but we can see in the past when Gold has moved above 2000, it returns to the 1900 level where it rejects, before retesting the 1980-2000 range and then moving down towards the 1900 level and even lower. This is a key market structure and pattern we have seen play out with Gold, which is a very technical pair. When it comes to swing trading/scalping being able to zoom out and take a look at the bigger picture helps to give a greater understanding of the bias to allow trades maximum room to push.
OANDA:XAUUSDShort
by FriesianFX
GOLD Will Fall! Short! Here is our detailed technical review for GOLD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1981.93. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1947.61 level. 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!
FX:XAUUSDShort
by SignalProvider
5
GOLD market analysis forecastSAXO:XAUUSD Hello traders, Today, we witnessed a strongly bullish move in the gold market. However, for tomorrow, I'm shifting my focus towards a potential bearish trade setup. There's a substantial resistance zone around 1980.00, which interestingly aligns perfectly with the Fibonacci retracement level of 68%. For a more confident bearish stance, I'll also be closely monitoring the DXY (US Dollar Index) for a bullish move above 100.000, as it could influence the gold market in a downward direction. However, it's important to remain cautious of any news regarding the dollar, as such developments can swiftly alter the market's direction.
SAXO:XAUUSDShort
by ElliotXSolana
Gold: Bearish volume takeoverSAXO:XAUUSD Hello traders, For tomorrow, I am expecting bearish momentum in the gold market. Currently, there is a noticeable bearish short-term trend in place. Moreover, we have witnessed a significant retracement to the Fibonacci level of 78%. Based on this setup, I am looking for a potential move back to the levels around 1940 or possibly even 1936. These could be potential target areas for short positions in the market. However, it's important to remain cautious of any news regarding the dollar, as such developments can swiftly alter the market's direction.
SAXO:XAUUSDShort
by ElliotXSolana
XAU/USD bearishSAXO:XAUUSD Hello traders, For the upcoming week, I am anticipating bearish momentum in the gold market. I will be monitoring for a potential move up to the Fibonacci levels, as well as considering the presence of a strong resistance zone. Additionally, I will be closely observing the DXY (US Dollar Index) for a break above 100.000, as this could potentially indicate bullish momentum for the dollar. The take profit areas I am considering are the Fibonacci levels of -0.27 and -0.681, which coincidentally align with the main level at 1950.00. These levels present potential targets for capturing profits in the trade. However, it's important to remain cautious of any news regarding the dollar, as such developments can swiftly alter the market's direction.
SAXO:XAUUSDShort
by ElliotXSolana
GOLD Will Go Lower From Resistance! Sell! Take a look at our analysis for GOLD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1927.96. 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 1895.21 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
FX:XAUUSDShort
by SignalProvider
5
GOLD Is Very Bearish! Sell! Take a look at our analysis for GOLD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1919.39. The above observations make me that the market will inevitably achieve 1900.67 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
4
GOLD Will Go Lower! Sell! Take a look at our analysis for GOLD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1909.47. The above observations make me that the market will inevitably achieve 1899.41 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!
FX:XAUUSDShort
by SignalProvider
3
GOLD Is Bearish! Short! 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 testing a major horizontal structure 1920.14. Taking into consideration the structure & trend analysis, I believe that the market will reach 1865.53 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!
TVC:GOLDShort
by SignalProvider
4
GOLD Will Go Lower From Resistance! Sell! Take a look at our analysis for GOLD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1954.33. 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 1933.85 level. 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!
FX:XAUUSDShort
by SignalProvider
3
GOLD Is Going Down! Short! Please, check our technical outlook for GOLD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1965.31. 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 1937.99 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!
FX:XAUUSDShort
by SignalProvider
6
GOLD Is Bearish! Short! Take a look at our analysis for GOLD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1946.65. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1926.23 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
FX:XAUUSDShort
by SignalProvider
6