Gold-short
AB=CD Short GOLD 2hrs tfAs we are seeing AB=CD in Gold on 2 hrs time frame (better on 4Hrs) .
by putting a trend base fib from the point A to point B and fib start from point C we can see the ressistance or the end of the point D i.e. 1769.971 we can clearly expect a short on the gold up to our demand zone 1740.320 - 1736.085.
we can also see the short trade supported by the fixed volme profile with the target of 1740.218.
My analysis summary
gold short 1769 - 1772
sl - 1773
tp - 1740
EURUSD Stage twoHi team
Please see related post for in depth analysis of this pair and associated news and fundamentals.
This analysis relates to stage 2 - initial scalp sell.
We almost always see a significant rejection followed by a period of retracement prior to any major impulse. Keep your SL tight as invalidation level is clear above descending channel resistance.
I would advise to TP Scalp here, and hold other short entries stop loss break even (SLBE) for swing/medium terms sells.
Thanks!
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Be kind, trade safe
DrBear
GOLD: Short Trade with Entry/SL/TP
GOLD
- Classic bearish setup
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell GOLD
Entry Point - 1753.52
Stop Loss - 1779.36
Take Profit - 1714.73
Our Risk - 1%
Start protection of your profits from higher levels
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GOLD: Short Signal with Entry/SL/TP
GOLD
- Classic bearish setup
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Short GOLD
Entry Point - 1720.69
Stop - 1744.86
Take - 1684.55
Our Risk - 1%
Start protection of your profits from higher levels
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GOLD:UPDATE | PRICE MAY FALLING MORE | SHORT 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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GOLD Update!Quick Update for my GOLD trade.
I made post about a short GOLD trade at 1805 dollars and we went all the way down to 1730 dollars!
The target is at around 1700 to 1715 dollars but we might get a little consolidation phase right now.
The strong US Dollar is causing GOLD to be very weak and also the fear in the markets is a high pressure for GOLD.
But GOLD is right now running into support at the range of 1740-1755 dollars and the EUR/USD pair is reaching parity soon, so the USD would maybe get a bit weaker.
GOLD : DOWNTREND | PRICE ACTION ANALYSIS | SHORT SETUP 🔔Gold Price Forecast: XAU/USD retreats towards $1,800 even as cautious optimism precedes Fed Minutes
Gold remains pressured after a downbeat week-start amid traders’ anxiety ahead of the key data/events.
US Treasury yields pare recent downside moves amid sluggish session.
US-China trade headlines, upbeat performance of EU bond coupons also defend buyers.
Sellers keep worrying global economic slowdown, US Factory Orders can direct intraday moves but FOMC Minutes, NFP is the key.
Gold Price (XAU/USD) remains pressured around $1,807, after beginning the week’s trading on a negative side, as traders stay worried ahead of crucial catalysts up for publication during the week. In doing so, the bright metal fails to cheer firmer US Treasury yields, as well as a pullback in the US Dollar Index (DXY).
That said, the greenback gauge struggles to defend the two-day uptrend around 105.15 as buyers retreat from a two-week top.
The DXY’s latest pullback could be linked to the firmer Treasury yields. It’s worth noting that the benchmark 10-year Treasury bond yields keep the previous U-turn from a one-month low at around 2.95%, up by five basis points (bps) from Friday’s closing.
Underlying the firmer US Treasury yields are the firmer prints of the German Bunds and chatters surrounding the US discussion on removing the Trump-era tariffs on China. However, an offer in the US and fears of economic slowdown, as well as anxiety ahead of Federal Open Market Committee (FOMC) Minutes and the US Jobs report for June, appear to challenge the metal buyers.
It should be observed that the yields on the 10-year German Bund rose over 10 basis points to 1.32% at the latest.
Looking forward, US Factory Orders for May, expected 0.5% versus 0.3%, could entertain gold traders ahead of the key Fed Minutes and US Nonfarm Payrolls (NFP) data. Additionally important will be the updates surrounding the global economic slowdown and the US-China trade relations.
Gold analysis, is this the bottom?The fed had raised the interest for the us market by 0.5 percent, which is a very large amount, although it was expected very high it had a huge impact on the market, Gold fell because investors want to have minimal risk and sell their Gold to invest their money in interest.
Gold slowly started distancing from the 2k mark in April and formed a big falling wedge, which is in this moment getting retested.
The RSI had fallen to only 30 which caused a small rebound in combination with the 1800 dollar support.
If Gold closes below 1815 dollars today, its likely to see Gold get rejected from this pattern.
The target of the wedge is at around 1700 dollars, but we need to remind ourselves that their is a really high inflation which could cause more people to invest in Gold
as an inflation hedge.
Thanks for reding! And a nice weekend!
Gold Long Term Impending DOOM!~Targets Below to POI, Premium Level of Monthly,
Expecting a massive drop soon to clear out positions of net long positions,
Massive amounts of liquidity resting below, trend line looks weak and prime to break, probability coming into PLAY,
This time around Gold is sitting for a prime dumpster dive move,
Long Term Chart, Long Term Outcome,
Be great,
Good Luck!~
GOLD: NEWS AND PRICE ACTION ANALYSIS | NEXT TARGET SHORT IDEA 🔔Gold Price Forecast: XAU/USD eyes further downside towards $1,800, Fed Chair Powell in focus
Gold bounces off weekly/daily low but stays pressured during three-day downtrend.
Fears of inflation/recession weigh on prices, headlines concerning China, market’s inaction probe bears.
US Q1 2022 PCE details, central bankers’ panel discussion at the ECB Forum will be crucial for fresh impulse.
Gold Price (XAU/USD) remains on the back foot around $1,820, despite the recent bounce from intraday low. In doing so, the yellow metal prints a three-day downtrend as traders await the week’s key data/events amid a sluggish Asian session on Wednesday.
The bullion prices refreshed their weekly bottom on breaking a short-term symmetrical triangle the previous day as market sentiment soured amid recession/inflation fears. However, cautious optimism surrounding China seems to challenge the gold sellers of late.
“China will halve to seven days its COVID-19 quarantine period for visitors from overseas, with a further three days spent at home, health authorities said on Tuesday,” per Reuters. The news also joined the latest comments from the US Deputy Commerce Secretary Don Graves who said, “A clear US response on China tariffs is coming soon,” per Bloomberg TV.
Elsewhere, a jump in the one-year US consumer inflation expectations joined hawkish Fedspeak to renew the US dollar’s safe-haven demand. The US Conference Board (CB) Consumer Confidence Index dropped for the second consecutive month in June, to 98.7 versus 100.0 expected and 103.2 in May. In doing so, the widely followed consumer sentiment gauge dropped to the lowest level since February 2021. Further details revealed that the one-year consumer inflation rate expectations climbed to 8% from May's revised print of 7.5. It should be noted that the US trade deficit dropped to the lowest in a year, to $104.3 billion, per the latest release for May.
Amid these plays, the US 10-year Treasury yields snapped a two-day uptrend whereas Wall Street closed in the red. The S&P 500 Futures, however, print mild gains and it seems to probe the gold bears of late.
Moving on, the US Core Personal Consumption Expenditure (PCE) for Q1 2022, expected to remain unchanged at 5.1%, will precede the central bankers’ discussions at the ECB Forum to offer important insights. Should Fed Chair Jerome Powell manage to defend hawkish polic moves, the XAU/USD selling may gain extra strength.
GOLD: Will Start Falling
Here is our today's forecast on GOLD.
Our analysis is based on current market fundamental sentiment.
According to our chart GOLD is coiling on resistance.
Based on our analysis the price will go lower
to the next support level.
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