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Goldmansachs

$GS Head & Shoulders Patternkeeping an eye on a potential Head & Shoulders pattern in the stock of Goldman Sachs (ticker symbol: NYSE:GS ). The Head & Shoulders pattern is a popular technical analysis pattern used by traders to predict potential trend reversals. It typically consists of three peaks: a higher peak (head) between two lower peaks (shoulders). The pattern suggests a potential reversal from an uptrend to a downtrend. Here are some key points to keep in mind when trading or investing based on this pattern: 1. **Confirmation**: A Head & Shoulders pattern is only confirmed when the price breaks below the "neckline," which is the line that connects the lows of the two shoulders. This breakout typically signals a bearish trend reversal. 2. **Volume**: Analyzing trading volume can be crucial. Ideally, you'd like to see declining volume as the pattern forms, followed by a noticeable increase in volume on the breakout below the neckline. This increase in volume adds more credibility to the pattern. 3. **Price Targets**: Some traders use the height of the head to the neckline to estimate a potential price target for the downward move after the breakout. 4. **False Signals**: Not all Head & Shoulders patterns work out as expected. Sometimes they can be false signals. It's important to consider other technical indicators, market conditions, and fundamental factors when making trading decisions. 5. **Risk Management**: Always have a clear risk management strategy in place. Determine your stop-loss levels to limit potential losses if the trade goes against you. 6. **Market Context**: Consider the broader market context and news related to the specific stock and industry. Market sentiment and external factors can impact the success of the pattern. 7. **Timeframe**: The effectiveness of this pattern can vary depending on the timeframe you're trading. It's often more reliable on longer timeframes, but it can also be applied to shorter ones. Remember that no trading or investing strategy is foolproof, and past patterns are not guarantees of future performance. It's essential to conduct thorough research and analysis before making any trading decisions. If you're not experienced with technical analysis or trading, consider consulting with a financial advisor or professional who can provide personalized guidance based on your financial goals and risk tolerance.
NYSE:GSShort
by AlgoTradeAlert
Gold: Reaching our expected 1950 position Gold entered the long position at 1938 in the European market, and rebounded and rose as expected. The US market strategy has also been disclosed in advance. Shorting near 1950, plan your transaction, trade your plan, and execute decisively in place. The current price of 1955 is short, and you will reap the rewards! The perfect switch between long and short, two consecutive victories in a day! Perfect! The current rebound of gold has encountered resistance on the pressure position of the upper rail of Bollinger on the daily line, and there is a possibility of band adjustment! The high probability is the beginning of another short fall! The rebound in the US market continues to be empty! Relying on the pressure of the day's high of 1955, shorting is bearish! Gold: 1955 empty, 1938 advanced The support below gold is the 1935 position, the first target area for this decline!
FX:XAUUSDLong
by Dylan-Jones
Gold: Buy more in 1913, the US market continues to be bullish! Gold is still in a bullish upward trend, and the pullback is still an opportunity to go long. Now that the market has fallen back, it will be more direct. The current price of 1913 is more, and the 1935 line is bullish! Gold has now started an upward trend, and shocks and callbacks are inevitable, but every callback is an opportunity to go long again! And the current market is concentrated in the US market! And the current support position is the 1913 line, the bullishness of gold at this position remains unchanged, more, continue to do more! The trend is rising, and the pullback will continue until a new high is reached in the US market. Only after the market reaches the 1935 line, will this rise be possible to end!
FX:XAUUSDLong
by Dylan-Jones
Gold: Bullish trend in gold today Gold is now starting to rebound and rise, and it will fall back and continue to be bullish! The upper goal is the 1930 line! Now that the current price of 1915 is high, the US market continues to be bullish! Gold's apparent decline is now over! The trend broke through the suppression of the downward trend line, and broke through the bottom consolidation pressure yesterday, and continued to expand to new highs today! The short-term is suppressed by the 1920 position, and adjustments and shocks are carried out. The fall is an opportunity to do more again! More, the current price of 1915 in the US market is directly more, bullish, and the target position above is the daily moving average suppressing the 1930 line!
FX:XAUUSDLong
by Dylan-Jones
Gold: 1890 is more supported today! The decline of gold is over, and the bottoming or rebound trend is starting! Today started to be more bullish, relying on the support of 1885, stepping back to more low, more around 1890! Looking at the hourly chart, gold has fluctuated all the way down before, and is suppressed by the moving average. Every time it touches the moving average, it will break a new low! However, the market has been supported by 1885 in the last two days, not only did not continue to break new lows, but also broke through the suppression of the short-term moving average! The market has changed! Today's gold starts to be low and bullish. The first pressure above is to focus on the 1900 mark, which is also the pressure position where the rebound encounters resistance. The second target is the long-term moving average 1905 pressure! Whether it is a rebound or a bottom shock, pay attention to whether 1905 breaks through!
FX:XAUUSDLong
by Dylan-Jones
Today's gold forecast is 1882~1897, sell high and buy lowOn Monday, the Asian market fluctuated greatly. From the perspective of the gold trend structure, the intraday is weak and volatile. It basically runs above 1885. It broke through the 1885 line in the morning and quickly rebounded to the 1894 line to fall back and fluctuate. Judging from this trend, the upward momentum of bulls is still not good, and the overall trend is more biased towards bears. At present, there is still a large downside space below, and the 1870 gap has not been filled, so we still have to be biased in terms of operations. Long orders can only enter the market by grasping the rebound. Now that gold has been in a downward trend for two consecutive weeks, if you want to reverse the bulls, you need the help of the data. Otherwise, bears will continue to suppress bulls. It is very simple to say so much, whether you are long or short, you should change your thinking when it is time to change your thinking, and don't be confused by superficial phenomena, so that you can see clearly the changes in the overall situation. ​Back to the topic, gold continues to operate weakly. Although the market has given the bulls a rebound in the morning, it is still difficult for the bulls to gain a firm foothold under the overall bearish trend. Therefore, the operation idea is still based on shorting. Today, let's look at the top 1897-1900, and rise to this range to find a high point and enter the market to open short. SELL1897~1900 SL1905 TP1885 European and American markets fell below 1882-1878, you can participate in long positions BUY1882~1878 SL1875 TP1890
OANDA:XAUUSD
by Short-termTaurus
Gold bulls are weak, continue to be short​​​​Gold layout analysis: The highest rose to 1906 yesterday and began to short. After we made a profit, we rebounded to 1905.5 and shorted again to make a profit. Looking at the daily line, gold has fallen below the 1890 line. According to the expected trend, it will definitely rebound and fall again to find the bottom support. But tonight there will be the release of initial data and the Fed meeting speech. The bulls may go the same way as before, directly rising without giving any room for reversal. In addition, there will be data released tonight, so the operation is still based on high altitudes, and more orders will be laid out for everyone based on the actual trend. However, according to yesterday's forecast, I believe that gold will continue to fall and continue to approach the 1870 gap below. We just need to control the entry position. Back to the topic, the current gold bull trend has been in a very weak state. The rebound position is not strong enough, we can't give us a point to enter the market and open a short position, so we will continue to wait and see. In today's operation, first look at the 1900-1903 line above, and reach this range to find a high point to enter the market and open short. SELL:1900~1903, SL:1908 TP:1890~1895 The long signal will be arranged and shared with you according to the actual trend.
OANDA:XAUUSDShort
by Short-termTaurus
Friday's Gold Trading PlanGold layout analysis: The layout of the gold 1927-29 position is empty on Thursday, and the friends who keep up with it will naturally get a profit. Yesterday's bullish CPI data failed to bring the gold bulls back on track, which is indeed a bit of a surprise. There are not a few people who chase after the extreme market, and they are basically swept out by the market in the end. Looking at the opening position of 1911 today, the current quotation is fluctuating around 1914, the high point keeps moving down, and the bottom keeps breaking low. Under this trend, it is only a matter of time before the 1910 low point is broken today. After yesterday's data was released, the market instantly rose to the 1930 line, then fell back and launched an attack again. After falling all the way to the 1910 position, it rebounded to the 1914 position and oscillated. In the state of weak and continuous output, if the gold bulls want to regain the initiative, they must stand above the 1930 position again to stabilize. Therefore, the main operation is bearish, and I will remind everyone if there is a chance to operate long orders. Friends, pay attention. The market volatility in the Asian market on Friday is not large, and the recent trend is weird, so we need to be more cautious in controlling the entry position. In today's operation, let's first look at the short callback. Let's first look at the breaking situation at the position of 1921 above. If it does not break, you can participate in short selling. SELL1919~1921, SL1927, TP1910 If the European and American markets fall below the 1905-1903 position, you can participate in long positions BUY1905~1903, SL1897, TP1915
OANDA:XAUUSDShort
by Short-termTaurus
XAUUSD: 14/8 Trading Strategy of the DayToday's Asian market opened at $1913.27 in early trading, with a high of $1915.09 and a low of $1910.03. The minutes of the Federal Reserve FOMC meeting will be the focus of this week. The market is expected to be inclined to pause interest rate hikes in September and November. The dovish stance will put pressure on the dollar to break through the 103 mark. Gold fell to $1913. The lowest point in early trading was at 1910, and gold continued to fall on the weekly trend. Currently, it maintains a trend of weak shocks, and the price is already close to the previous support zone. Whether there will be room for rebound repair at present. On the daily line, the K line is basically suppressed by the short-term moving average, and continues to show a strong downward trend of shocks. Judging from the daily line, it seems that there is not much room for a rebound, and it is more inclined to continue downward. From the four-hour chart of gold, the moving average is still running below the price, and the two moving averages have a clear downward trend of dead cross, while the K line is below the dead cross throughout the whole process, and is under continuous suppression. Although there is a short-term rebound, the big Yinxian can quickly swallow up the strength of the rebound. After opening in early trading, the downward trend of the negative line seems to continue. In the 4-hour chart, the shape of gold presents a flat line, showing the characteristics of a bearish side. Despite multiple lows, the failure to break out also hints at the bearish influence. From an indicator point of view, the continuous bottom divergence of the stochastic indicator shows a gradual change in market sentiment, which may lead to an important turning point in the future. At the same time, the MACD indicator also shows signs of passivation bottom divergence, and there is no obvious rebound trend at present. The upper initial resistance is around 1920.88 on the 5-day moving average, and the resistance on the 10-day moving average is around 1932.49. For initial support, refer to the position near the lower rail of the Bollinger Line at 1907.02. For strong support, refer to the 1900 mark. The monthly low was 1892.86. The upper part focuses on the first-line resistance of 1923-1928, and the lower part focuses on the first-line support of 1900-1893. If the 1910 position is broken today, we will continue to look down around 1900, and if we break the 1900 position, we should not continue to be long on gold. ​​​​​​Gold operation strategy: SELL:1918-1921 TP1:1915 TP2:1910 BUY:1903-1906 TP1:1910 TP2:1916
OANDA:XAUUSD
by ActuaryJ
Gold today's forecast interval 1906~1929​​​​Gold layout analysis: The gold 1931 empty order shared with you on Wednesday is a complete victory. At present, judging from the recent trend of gold, the bulls are like deflated balloons. It can be said that there is no upward momentum. The high position keeps moving down, and the low position keeps breaking. If this trend continues, it is estimated that tonight's CPI will be difficult to restore the bullish situation, but compared with the bullish upward trend in the previous period, there are some similarities. After rising to the highest line in 1987, it fell all the way, without any signs of a strong rebound. So whether this time the short position will continue the previous long position? This question is also worthy of our careful consideration. Judging from the early trading, it is basically bearish. But we can't say absolutely, we still have to leave a little doubt. Anyway, today we will still implement the original plan, mainly selling high and buying low. Back to the topic, under the trend of gold, we are mainly bearish, just to prevent the short from going the old way of the previous bull. Today’s Asian-European market operation first looks at the top 1927-1929, and you can try to short when you reach this range. SELL1927~1929, SL1934. The target is below 1915. The European and American market fell to the position of 1908-1906, which can be traded with long orders, BUY1908~1906, SL1900. Target 1920 above.
OANDA:XAUUSDShort
by Short-termTaurus
Gold: a strategic move The fluctuation range of the gold Asia-Europe market is limited, and the market is concentrated in the performance of the US market! Judging from the current trend, the decline of gold has deviated, which means that this decline has come to an end! Moreover, this wave of decline has fallen to the support position of the weekly Bollinger lower rail, and is supported by the daily long-term moving average! Specific rebound conditions! Now that gold has started to rebound, the U.S. market will focus on whether it breaks through 1920. After the breakthrough, it can be bullish to the 1930 line. More, the U.S. market will continue to be bullish! Pay attention to the competition situation in 1920, and pay attention to the impact of data on the market. According to the data, whether gold will stand above 1920 or under pressure, and then make specific strategic adjustments.
FX:XAUUSDLong
by Dylan-Jones
The Gold price update for the coming weekend includes importantGold is now in a bearish trend and will find sell positions for the long term, but the confirmations are most important. Gold is now very close to its Demand zone of 1905–1895, which marked the double bottom on July 6th, 2023. Gold will give respect to their demand zone, and as per dollar analysis, the dollar will fall. In this case, gold will move some bullish. The major levels were also marked on the chart with their possible rejections. Buying zone 1906 to 1896 but if we will find some market structure changes indications like rejection in H1, M30 and Confirmations in M30, H1 also. The major zones are: 1- 1918.90 2- 1924.88 3- 1931.31 4- 1947.88 You will open buy positions, and your take profit will be at these levels in the short term. Selling zone was also the major zone marked above if market will give some indications. The marked levels were also the resistance levels in the H4 time frame. The possible trading setup is as follows: Entry Point: 1906-1894 Stop Loss: 1890 Take Profit1: 1918 Take Profit2: 1931 The setup is valid if we can see some indications, a rejection candle at the support zone and a confirmation candle in H1 or M30.
OANDA:XAUUSDLong
by Bloom_Forex_Official
GOLD ( XAUUSD ) Long Term Trading IdeaHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
TVC:GOLDLong
by ForexPlanet20
Gold: The trend remains unchanged, and the current price of 1931 The bullish rebound in gold data, the rebound is just a rebound! It is still short and down! US market 1930 current price short, continue to be bearish! The downward trend of gold has not changed now, the rebound high point is constantly lowered, and it will continue to decline after encountering obstacles! Now the rebound encounters resistance and pressure, and it is directly empty! The support below pays attention to the 1900 integer mark! Short, the current price of 1930 is directly short and bearish, and the US market continues to be bearish, waiting for the fall! Now back above 1920, although there is a demand for a rebound in short-term gold technology, and there may even be a rebound trend, but in a state where the fundamentals are not yet clear, the confidence of the bulls is still not strong, and it is difficult to form a climate. CPI data is also needed to fuel the flames.
FX:XAUUSDShort
by Dylan-Jones
Gold: Step back in place, and the current price of 1923 will go Gold stepped back on the support again, the current price is directly higher than 1924, continue to be bullish! The US market will continue to rebound! The gold down structure is complete! Now we are going to oscillate to build a bottom, and the first-line support at 1923 below is obvious! After rebounding above 1930, there will be a callback, and the fall will continue to increase. Next, it will be bullish around 1945! Enter more, the US market will continue to be more bullish, and then start a rebound structure, and it will be a level of rising band! Falling back now is an opportunity to do more! Gold is more than 1923, stop loss is 1917, and stop profit is 1940.
FX:XAUUSDLong
by Dylan-Jones
Gold: turn to 1930 to support more! Gold has turned from falling to rising. Relying on the support of 1937 in early trading today, it is low and bullish. For the pressure above, pay attention to 1953! Gold fluctuated all the way down before, and it was constantly bearish at high altitudes, but after the data, the market rose and began to turn more! I went long in 1930 at the first time, and directly rose to make a profit! Now that gold has broken through the pressure of 1934, long-short conversion, today will rely on the pressure of 1930 to go long! The pressure above gold is the pressure position of the previous rebound high of 1953! It is expected that there will be a shock adjustment after the rebound! Looking at the daily line, gold this time pulls back to step on the support of Bollinger's lower track, opening a new upward wave! Do more with all your strength! Continually updated
FX:XAUUSDLong
by Dylan-Jones