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Gold-short

XAU/USD 01.09.2023 sellFOREXCOM:XAUUSD Hello traders, Yesterday, we experienced a rejection of the weekly Fibonacci 68% level and retested it three times with a clear bounce off. Based on the 1-hour and 4-hour chart views, we can observe a slight bearish trend forming. Currently, we're at 1945, a strong resistance area that also aligns with the 78% Fibonacci level. For these reasons, I believe a bearish trade would be the most suitable. However, please exercise caution as we have important news scheduled for 2:30 pm, which could have a rapid impact on the chart.
FOREXCOM:XAUUSDShort
by NeptenFX
GOLD Will Fall! Sell! Here is our detailed technical review for GOLD. Time Frame: 7h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1915.88. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1903.42 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
4
XAU/USD 17.08.2023 sellSAXO:XAUUSD Hello traders, At the moment, I am focusing on potential sell positions during the London session. I have identified several confluences that support this idea. The main bank level of 1900 aligns precisely with the 61.8% Fibonacci retracement level, adding strength to this resistance area. For my trade plan, I'm considering two possible take profit areas: around 1890 or 1885. These levels offer potential support and correspond with your identified fib level. As always, remain vigilant about news events and market conditions that could impact your trades. Best of luck with your trading strategy!
FOREXCOM:XAUUSDShort
by NeptenFX
Trading Under The Spotlight: My Open Analysis Odyssey #5Yet again, TradingView aficionados! The day's analysis' marches on, and with it, more trading opportunities unveil themselves. For newcomers or those who've been with me from the start, a brief overview of our shared journey: Transparency, Not a Tutorial : My analyses give you a front-row seat to potential setups, but the detailed underpinnings remain my own. This is less about instructing and more about chronicling my trading psyche. Frequency & Execution : Trading days are akin to vibrant tapestries, each with its own distinct patterns. But not every pattern sees a stitch. These posts mirror my thinking, not necessarily my trading actions. Purpose & Growth : This series orbits around my ambition to fine-tune my market analysis while remaining open to your invaluable feedback. With that laid out, let's delve into the next analysis for the day: Instrument : XAUUSD Bias : Short Overall Trend : Bullish Thoughts : This particular setup aligns well with the current fundamental readings from both CPI and PPI data. Among the myriad setups I've encountered today, this is a trade I'm considering to act upon, should the price venture into my designated area of interest. Your presence on this voyage amplifies its value, irrespective of whether you're a silent observer, an active contributor, or a keen learner. Let's persist in dissecting the market, one insightful setup after the next!
FX:XAUUSDShort
by jefferytheartist
XAU/USD 13-18.08.2023FOREXCOM:XAUUSD Hello traders, I am looking for more short positions on gold in the upcoming weeks. Last week, we observed a significant strength in the DXY (US Dollar Index) and a break above the bearish trendline. Additionally, there were notable wicks on the last two daily candles for XAU/USD. My plan involves waiting for a push up during the London session and then entering a short position during the New York session. I've identified a resistance area around 1930 as my entry zone. If the price closes a candle above the yellow zone, I would consider that area as invalidated, and my stop loss would be placed above the 61% Fibonacci level. For take profit, I'm targeting a few pips before the -27% Fibonacci level, which aligns well with a support level. Please note that trading involves risks, and it's essential to closely monitor market conditions and news events. Best of luck with your trading strategy!
FOREXCOM:XAUUSDShort
by NeptenFX
GOLD 26.07.2023SAXO:XAUUSD Hello traders, For gold, I have a specific setup in mind. I'm closely monitoring the price action and looking for a daily candle to close below the weekly resistance zone. If this scenario materializes, it could indicate a potential shift towards bearish momentum for the upcoming week. I will be keeping a close eye on this development and considering potential bearish trading opportunities if the conditions align. As always, I'll be vigilant and adaptable to market changes to make informed trading decisions.
OANDA:XAUUSDShort
by NeptenFX
XAU/USD 02.08.2023FOREXCOM:XAUUSD Hello traders, Thank you for sharing your trading plan. It appears you are currently looking for potential sell positions for the day. Your strategy involves waiting for a retracement back into the area of the 61% Fibonacci retracement level, where you will be considering entry opportunities for your short trades. Keep a close eye on the price action and ensure your risk management is in place to navigate the markets successfully. Wishing you profitable trades and a successful trading day!
FOREXCOM:XAUUSDShort
by NeptenFX
GOLD Is Going Down! Short! Take a look at our analysis 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 1948.85. The above observations make me that the market will inevitably achieve 1930.69 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
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 NeptenFX