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Goldidea

Short Situation On GoldWe Can See At The First 20 Trading Days After 1 May, The Price Did A False Breakout To The Up Side Which Was A Buy Stops Liquidity Has Been Taken Out And Then Starting To Go Lower To The Lowest Low Of The Last First 20 Trading Days And That Was A Shifting In the Market From Bullish To Bearish, In The Second 20 Trading Days The Price Immediately Break To The Down Side Reaching To The Lowest Low Of The Second Last 20 Trading Days Also To The Lowest Low Of The Fist 20 Trading Days And Thats A Prove That Gold Had A Shift And After That The Price Did A Retracement, And In The Third 20 Trading Days The Price Did The Same Thing Immediately Drops To The Lowest Low Of The Second 20 Trading Days But Still Not To The Lowest Low Of The Third 20 Trading Days And That What I'm Expecting We May See A Little Retracement And Dropping To This Level Cause We Have A Bearish Directional. // Guys This Is Time To Focus And Take Opportunities From The Next Drop.
FXOPEN:XAUUSDShort
by MRjamalbouskou
GOLD 1 HOUR IDEAXAUUSD retraced from the high of $1967 to the low of $1953 on Friday during US trading session. Looking ahead to next week and the range between $1930 - $1970 continues to hold with a daily candle close on either side of the range likely to facilitate a push in that direction. The horizontal resistance is found at $1985 which can be reached after a firm break of $1970. First support is near $1950 followed by $1940 before last week’s low $1925. A break below would expose a further decline towards $1900. The testimony from Federal Reserve Chair Jerome Powell while any further comments from Fed policymakers could also drive volatility and affect the USD in the week ahead.
OANDA:XAUUSDShort
by GOLDPIPSMAKER
GOLD forecast 18June2023I have two options for analyzing the movement of GOLD. The first option is that the price is in a bearish channel and is trying to retest the trendline before finally going down to the SnD area. Or maybe the second option is that the price is in a sideways trend, where the price will move up to the resistance, if the blue box resistance is indeed responded positively, then the price should go back down. sometimes we are placed in several choices, when this happens we should still wait for confirmation in the form of patterns, candles or maybe indicators, after there is confirmation we can react better.
OANDA:XAUUSD
by Hokusai_FX