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Gold-short

GOLD STOP at RESISTANCE level and FALLAlthough the price of gold has not shown a strong movement over the past two days, it continues to grow slightly towards resistance. First, the price bounced off the support level of 1679.67. Then it continued to rise and broke through the resistance at 1738.56. I expect that after the breakout the price will continue to rise, but will stop near the strong resistance level of 1770.35. Then it will turn around, break through the line 1726.73 again, this time during the fall, then consolidate on the line. And it will continue to fall to support. Thus, my final target is the support level 1679.67y. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad 👩‍💻
FX_IDC:XAUUSDShort
by Lingrid
37
GOLD continued GROWTH after FIX on SUPPORT lineAs I said yesterday, the price continues to rise after fixing at the support line 1685.17, which occurred at the end of March. This move is part of a long-term falling channel that formed last August at 2069.81, as investors began to sell gold en masse. Falling in the channel, the price came to the strong support point 1675.65. Where the channel line and the July 2019 support line intersect. The price jumped from this point, but failed to rise to the resistance trend line and fell back to the support at 1685.17. Since the price has already started to rise from this line, I expect it to continue to rise and first come to the resistance line of 1765.00. And then it will drop to support 1701.50. This will be our goal. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
FOREXCOM:XAUUSDShort
by Lingrid
GOLD first - growth to RESISTANCE level. Then - FALLIn April last year, the price was able to break through the strong support level of 1675.9. After that, for some time theph moved in a direct channel between this level and the resistance level of 1762.3. And then it broke through the resistance level and rose sharply. This growth spurt occurred at the onset of the covid pandemic. After that, the demand for gold fell and investors began to sell it in large quantities, this can be seen from the global downtrend that has been going on since August. During this trend, the price once again broke through the level of 1762.3 and consolidated at the level of 1675.9. And now it has shown growth again and is close to the resistance level. I expect it to bounce off this level and then fall. The price will be able to break through the support level 1675.9, after which it will continue to fall and come to the support line 1602.0. This will be our goal. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
1
GOLD: how soon to expect the price movement and where?For the last two weeks the price has been at the resistance line 1738. This line is formed inside the downtrend, which has been maintained since August last year. Like last week, I expect this pause to be just a correction to the overall rally that started in March from the 1680 support. The price can be expected to rise to the 1765 resistance. And only after that it will fall to the 1674 support. SL - 1801. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
FX_IDC:XAUUSDShort
by UnknownUnicorn15614419
6
GOLD extension of forecast. Next step - FALLThe price has continued to move in a global downtrend since August. And also - like all last week - along the resistance line, in the middle of this channel. A zone has formed at this resistance line, in which a strong level and another line inside the channel are also crossed. The price has been moving along this line throughout the week. During this time, the price rose and fell minimally, but in general it "stands" in the same position, as, for example, in the forecast for Friday. In total, the price has been in the resistance zone for two weeks now. It came to it on March 15 after a spike in growth from the support line 1673.63. And now the price is stuck at the resistance of 1726.74. Nevertheless, like last week, I continue to expect the price to fall from this zone. So my final target is support area 1673.63. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
30
GOLD the long awaited FALL has begunWe continue to watch the movement of the gold price, which has finally moved noticeably over the past week! Let me remind you that we are talking about the fall last week, after the price came to the resistance of 1748.07. However, during this entire time, the gold moved along the line. Since Tuesday, I have extended the forecast for the fall. The price started moving on Wednesday. Yesterday it finally unhooked from the resistance line and dropped several points. I am confident that after gold broke through the resistance of 1773.86 in February, the price will remain in the general downtrend that has been going on since August last year. It will bounce off the 1740.41 resistance line and fall at the 1672.60 support line. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
4
GOLD the long awaited FALL has begunWe continue to watch the movement of the gold price, which has finally moved noticeably over the past week! Let me remind you that we are talking about the fall last week, after the price came to the resistance of 1748.07. However, during this entire time, the gold moved along the line. Since Tuesday, I have extended the forecast for the fall. The price started moving on Wednesday. Yesterday it finally unhooked from the resistance line and dropped several points. I am confident that after gold broke through the resistance of 1773.86 in February, the price will remain in the general downtrend that has been going on since August last year. It will bounce off the 1740.41 resistance line and fall at the 1672.60 support line. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
28
GOLD two reasons to FALLWe continue to observe the formation of a fall in the price of gold. Let me remind you that yesterday we expected that the gold will reverse from the resistance line 1751.13 and begin to fall. And so it happened. The fall began for several reasons. Firstly, this resistance line is very strong - it has existed since August a year has passed and, despite the breakdown that occurred in December-February, it often reversed the price. Secondly, this time the price is well entrenched on the line - at least two touches can be observed. Now I expect that, having fixed on the line, the price will continue to fall and, as a result, will come to the support line. Thus, my final target is the support line 1653.98. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
11
GOLD two reasons to FALLWe continue to observe the formation of a fall in the price of gold. Let me remind you that yesterday we expected that the gold will reverse from the resistance line 1751.13 and begin to fall. And so it happened. The fall began for several reasons. Firstly, this resistance line is very strong - it has existed since August a year has passed and, despite the breakdown that occurred in December-February, it often reversed the price. Secondly, this time the price is well entrenched on the line - at least two touches can be observed. Now I expect that, having fixed on the line, the price will continue to fall and, as a result, will come to the support line. Thus, my final target is the support line 1653.98. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
29
GOLD updating the forecast. Next - FALLINGThe price continues to be in the support-resistance zone 1737.07. From this point, she has two options for movement. We talked about the first option yesterday - this is a rise to resistance and only then a fall. Today we will consider the second variant of the price movement. Since the zone is quite strong - both of its lines, both support and resistance, formed last summer, we can assume that the price will reverse from the upper line of the zone - the resistance line of 1739.72. Then it will be able to break through the support line 1728.22. After the breakdown of this line, the price will work out the correction and fix on it at the point 1715.60, and only then will it continue to fall. During the fall, the price will come to the support line 1654.95. This will be our goal. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
12
GOLD updating the forecast. Next - FALLINGThe price continues to be in the support-resistance zone 1737.07. From this point, she has two options for movement. We talked about the first option yesterday - this is a rise to resistance and only then a fall. Today we will consider the second variant of the price movement. Since the zone is quite strong - both of its lines, both support and resistance, formed last summer, we can assume that the price will reverse from the upper line of the zone - the resistance line of 1739.72. Then it will be able to break through the support line 1728.22. After the breakdown of this line, the price will work out the correction and fix on it at the point 1715.60, and only then will it continue to fall. During the fall, the price will come to the support line 1654.95. This will be our goal. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
18
GOLD GROWTH to resistance and FALL. When start sell?The gold price is in an important position - in the correction zone formed by two support and resistance lines. This zone appeared within a long-term downtrend channel that has existed since summer 2020. Let me remind you that after a strong fall at the end of February, the price came to the support line 1675.40 - the lower border of the downtrend. The price bounced off this line and came to the support line at 1738.30. However, she could not immediately break through it and worked out the rollback. After a rollback, the price returned to the line and on the second attempt was still able to break through it at point 1731.01. And recently it has been in the zone between this support line and the resistance line. I expect the price to rise, break through the resistance line at 1746.50 and come to the resistance zone from 1797.38, where the trendline and the historically strong level cross. As soon as the price touches this point, we can start a sell trade. I expect the price to fall from the resistance zone and return to the support line at 1689.98. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Editors' picks
OANDA:XAUUSDShort
by Lingrid
11
GOLD past forecast valid / FallThe price is still in the resistance zone. I am extending the forecast with this in mind. After last week the price came to the resistance of 1733.98, it stopped. My previous forecast is still valid. Last week the price bounced off the support (zone + knaal line) 1679.82. Then it rose to the resistance of 1733.98 (July 2020). I continue to expect a drop from resistance to support. The target is 1680.72. -------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
OANDA:XAUUSDShort
by DeGRAM
2
GOLD past forecast valid / FallThe price is still in the resistance zone. I am extending the forecast with this in mind. After last week the price came to the resistance of 1733.98, it stopped. My previous forecast is still valid. Last week the price bounced off the support (zone + channel line) 1679.82. Then it rose to the resistance of 1733.98 (July 2020). I continue to expect a drop from resistance to support. The target is 1680.72. -------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
OANDA:XAUUSDShort
by DeGRAM
6