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Gold-short

Gold (XAU/USD) Simple Trading Setup GOLD (XAU/USD) Is now showing some interesting price action based on the daily timeframe, Let’s start with the obvious, Price has been creating lower lows and lower highs and now we are currently pulling back to an important key level. I can see that price is now also testing a trendline and we can expect some rejection. I would like to see price break the low of 1740 on the current daily time frame before I will even consider shorts. My entry will be a break and retest based on the Daily timeframe and then we can look to refine the entry on the 4-hour time frame. My target is the low of 1681. I believe this will be a solid target if it is able to change structure to a more bearish environment. Looking on the flip side, The trendline has been tested multiple times and there is a chance that it will break and price will push through, hence we need to wait for the structure to turn bearish. Let’s wait and then take a look closer to the time when the setup is ready. Renaldo Philander
OANDA:XAUUSDShort
by Tradebudz
3
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
OANDA:XAUUSDShort
by RojanKhayamali
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! Please please PLEASE like comment and share - it makes a big difference. Be kind, trade safe DrBear
Short
by DrBear
2