Xauusd-Two legs are complete!Gold has reached the important daily supply area, it is expected to drop to the 50% Fibonacci level which is accompanied by daily demand.
Gold-short
GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
GOLD is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of 1850.826.
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Gold Melt?No need to try and catch a falling knife, Looking to continue with the trend as the DXY continues to close long on the weekly.
GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
GOLD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1845.359 area.
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careful longing $gold up here $xau had massive buy in this zone in 2022 that couldn't break the 2020 high, fail here and its back t 1500-1700$
range high, VAH, monthly OB/level, supply zone, mid channel - careful
XAU/USD 29.09.23 shortFOREXCOM:XAUUSD
Hello traders, today I'm once again looking for a selling opportunity, targeting a move down to 1856, similar to yesterday's trade. Please keep in mind the upcoming news events.
XAU/USD 28.09.2023 shortFOREXCOM:XAUUSD
Hello traders,
Today, I am once again looking for a selling opportunity around the white area. If I observe bearish momentum, I will enter the position promptly. It's worth noting that the US dollar is exhibiting significant strength once more. Please exercise caution regarding news events as they have the potential to swiftly alter the market's direction.
XAU/USD 27.09.2023 shortFOREXCOM:XAUUSD
Hello traders, for the remainder of the week, I am still actively seeking additional selling opportunities. My preferred strategy involves identifying supply and demand dynamics. Currently, I am exploring potential entry points around 1908.
Additionally, you may consider trading the Fibonacci 61% retracement level or the countertrendline. All of these indicators converge in the same area, making it a promising zone for potential trades.
However, it's essential to exercise caution when considering news events. They can lead to rapid upward movements, but they might also provide high entry points for short positions. Stay vigilant and adaptable in your approach to capitalize on market opportunities.
XAU/USD 22.09.2023 shortFOREXCOM:XAUUSD
Hello traders,
Today, I'm looking for a selling position, but I plan to wait until after the news. If the dollar remains bullish, I'll consider entering a short position.
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XAU/USD big short 21.09.2023FOREXCOM:XAUUSD
Hello traders,
After the rapid surge to the upside in gold yesterday, I believe we may continue upward to around 1936 to attract new sellers before experiencing a potential drop, possibly back to 1924, perhaps even within this week. As always, it's essential to keep an eye on the news because it can swiftly alter the chart's dynamics.
✅GOLD TIME TO SELL|SHORT🔥
✅GOLD has retested a key resistance level of 1953$
And as Gold is already making a bearish pullback
A move down to retest the demand level below at 1935$ is likely
SHORT🔥
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XAU/USD 20.09.2023 shortFOREXCOM:XAUUSD
Hello traders,
For today, I'm expecting a move up to around 1943 during the London session. However, over the New York session, I anticipate a drop down to 1928, possibly even 1924. My entry point would be at 1934, which is a resistance area that aligns with the 68% Fibonacci level. Additionally, this setup could form a nice head and shoulders pattern, providing further confluence.
Considering the strong bullish sentiment of the Dollar at the moment, I would not recommend a long position in gold. As always, it's crucial to stay informed about news events, as they can quickly impact market dynamics and lead to new highs or lows. Keep a close watch on both technical and fundamental factors for informed trading decisions.
GOLD BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
Previous week’s green candle means that for us the GOLD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1900.176.
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Gold currently at sell zone. Short short short longterm!!In my previous post i mentioned the sell zone between 1935-1938. Best is to short here guys and hold longterm with targets 1930, 1921 and 1895(swing target)
Patience is key.
>>>>
XAU/USD 19.09.2023 shortFOREXCOM:XAUUSD
Hello traders,
I'm currently looking for a significant short opportunity in gold. The Dollar is exhibiting considerable strength at the moment. In addition, gold is positioned within a substantial resistance zone and under a bearish trendline. If the Dollar news continues to be positive, there could be a substantial drop in the price of gold. However, please exercise caution and stay informed about any news events that might impact the market, as they can have a substantial influence on price movements.
GOLD Will Go Lower! Short!
Here is our detailed technical review 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 1926.808.
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 1920.063 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.
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GOLD SHORT FROM RESISTANCE
Hello,Friends!
We are now examining the GOLD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1902.112 level.
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XAU/USD 15.09.2023 sellFOREXCOM:XAUUSD
Hello,
Today, my focus is on a sell trade for gold. We're currently encountering a Fibonacci and resistance area on the 4-hour timeframe, and the Dollar is exhibiting strong bullishness. However, as always, exercise caution and keep a watchful eye on the news, as it can significantly impact market dynamics. Make sure to align your trading strategy with both technical and fundamental factors.
GOLD Is Going Down! Short!
Here is our detailed technical review for GOLD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1916.659.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1911.047 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.
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GOLD Is Bearish! Short!
Here is our detailed technical review for GOLD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1919.237.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1904.234 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.
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GOLD daily updateHi fellow traders, As you can see here we have a breakout here in daily chart of XAU/USD.
Parabolic SAR also shows a downtrend which can be useful in out analysis. If the gold candle close below the 1920.8(the yellow line) I would go for a short position.
Entry: close below 1920.8
TP-1, TP-2: the two blue lines(powerful supports)
SL: maybe about ~1945
DON'T enter the trade before the close.
what's your opinion? please like and comment!
XAU/USD 04.09.2023 shortFOREXCOM:XAUUSD
Hello traders,
For today and this week, I'm looking for some sell positions. Today, I'm specifically eyeing a sell trade around the 1948 area. We've seen multiple rejections at this level, and the 4-hour Fibonacci also aligns perfectly with its 78% level. However, before entering this trade, I want to see some bullish momentum from DXY. It's essential to keep in mind that today there are no major news releases, which might result in lower trading volume. So, let's continue to monitor the market closely.
GOLD BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
Previous week’s green candle means that for us the GOLD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1912.951.
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