XAU/USD Shorts from 2020.000 back down Last week, my gold analysis unfolded as expected, with both scenario (A) and scenario (B) playing out as anticipated. This week, we witnessed a robust response from the daily demand zone, which held significant bullish sentiment. However, with the market shifting and structures breaking, it appears that a downtrend is beginning.
I'm eyeing the nearby 6-hour supply zone for potential selling opportunities as price approaches. Once there, I'll be looking to initiate sells, aiming to push price down towards a demand zone where I can consider buying back up. I anticipate that this demand zone will hold, and any reactions we observe from the supply zone will likely be temporary retracements.
Confluences for GOLD Sells are as follows:
- Price has changed character to the downside and broke structure on the higher time frame.
- Left a clean 6hr supply zone which caused the BOS to the downside.
- Lots of liquidity still left to the downside as well as a 6hr demand it can mitigate.
- After gold sweeping ATH's in December it might be enough (LIQ) to begin this downtrend.
- Imbalance below that needs to get filled once that happens we can expect a bearish reaction.
P.S. It's crucial to remain adaptable, prepared for various scenarios to unfold. I also foresee the possibility of price surging upwards to fill the liquidity above the 6-hour supply zone, given the successful reaction we've seen from the daily demand thus far.
Have a great trading week ahead, The bank holiday for USD is on Monday just so you know!
Goldsell
Gold Thursday operation strategy
Gold fluctuated slightly yesterday. Although the US market has broken down, it is still brilliant for a while. It is just a piercing test. The support below is also the 70 line we proposed in the early stage. This position is also short in the near future. The primary support and target point is, and the top-bottom transition and suppression level above is also divided into two stages. One is near the integer level of 2000. This position is also an important area for shorts. After all, it is also a support point many times in the early stage. At present, It is also near the point of the daily lower track. If the short position continues to be established, the lower the magnitude of the counterattack, the more beneficial it will be for the short sellers. Once there is a large-scale counterattack, it is likely to form a range-bound oscillation pattern. The second suppression point will also be the position near 2010 mentioned yesterday. This position is also the top and bottom position in the early stage. It is also the suppression position of the short-term moving average of the daily line in the short term. In the short term, we will first go short around 1998-1999. , the target is around 1985-1980, with a loss of 2005.5. It is still necessary to try short selling. If it remains above 2000 for a long time, adjust the price of the short selling point!
xauusd Thursday operations:
SELL1997-2000 tp1985-1980 SL2005.5
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Gold Sell Confirm Analysis Gold prices (XAU/USD) plunged and reached their weakest point in two months on Tuesday after higher-than-anticipated U.S. CPI data sparked a hawkish repricing of Fed interest rate expectations, boosting U.S. Treasury yields and the U.S. dollar across the board.
With progress on disinflation stalling, the U.S. central bank may delay the start of its easing cycle and opt for only modest rate cuts when the process gets underway. This could mean higher bond yields and a stronger U.S. currency for longer, a situation that could exert downward pressure on precious metals.
GOLD → SELL| SETUP → Day Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
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Golden Tuesday trend analysis and signal sharing
The strategy I gave yesterday for gold was to go short on rallies. Yesterday's gold price trend also confirmed my view. Although gold returned orders in the evening, gold orders fell multiple times in 2027 yesterday. So I think the resistance of gold is below 2028, and I recommend still selling gold. The target is looking towards 2010-2005.
So my initial trading strategy suggestion today is:
SELL2025-2021 tp2012-2007 sl2028
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Going to the end of Gold's H4 trend !! XAU ✍️ NOVA hello everyone, Let's comment on gold price next week from 12/2 - 16/2/2024
🔥 World situation:
Ending the week, Gold price sideways around the price range above $2020 - $2040. Continue to accumulate, waiting for more news on US inflation data
Next week will see a lot of notable news such as: CPI, Empire State Manufacturing Index, Unemployment Claims, PPI,...
🔥 Identify:
Technically: in the long-term H4 frame, Gold price continues to be in the two trend lines in the $2000 - $2040 price range, and will break the structure if it passes the two BREAK point areas as shown in the picture.
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2035, $2056
Support : $2020, $2000
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
GOLD H4 / POSSIBLE SCENARIO FOR LONG ENTRY ✅Hello Traders!
This is my forecast on Gold H4. I expect a reaction from the resistance level, and if confirmed, I will have only a long bias. I will look for long entries after the retracement from the resistance.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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GOLD SELLHello, according to my analysis of the gold market. There is a good opportunity to sell with the break of the ascending channel as shown by the analysis. We also notice the formation of a falling peak towards the bottom, which indicates further decline in the coming days. I recommend selling from the 2070 area, where the red triangle is located. Good luck everyone.
NFP target On the flip side, the $2,042-2,040 strong horizontal resistance breakpoint now seems to protect the immediate downside ahead of the 50-day Simple Moving Average (SMA), currently pegged near the $2,033-2,032 zone. A convincing break below the latter could drag the Gold price to the $2,012-2,010 area en route to the $2,000 psychological mark. Failure to defend the said support levels might shift the bias in favour of bearish traders and expose the 100-day SMA support near the $1,982 region, before the XAU/USD drops to the very important 200-day SMA, near the $1,965 area.
Gold sell 2055
Target 2016
Golden Opportunity: Unveiling a Compelling XAU/USD Short SetupTechnical Analysis Insight:
Detailed analysis of XAU/USD charts reveals key resistance levels and trend patterns.
Identification of potential reversal signals and indicators pointing towards a bearish trend.
Fundamental Considerations:
Examination of current geopolitical and economic factors influencing the gold market.
Assessment of inflationary pressures, interest rates, and overall market sentiment impacting gold prices.
Swing Setup Potential:
Integration of technical and fundamental analysis indicates a lucrative swing trading opportunity.
Strategic entry and exit points based on historical price movements and volatility.
Gold price is recovering, this week ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is unable to take advantage of the previous day's strength above the 50-day Simple Moving Average (SMA). Instead, it is moving within a narrow trading range during the Asian session on Tuesday. Despite remaining below the $2,040-2,042 supply zone, the precious metal is still within a familiar trading range as traders await more clarity on when the Federal Reserve (Fed) will begin cutting interest rates before making any new bets. As a result, all eyes will be on the outcome of the highly-anticipated two-day FOMC monetary policy meeting scheduled to be announced on Wednesday.
As investors prepare for the significant risk associated with the central bank event, they are reducing their expectations for a more aggressive Fed policy easing in 2024 due to the resilience of the US economy. This is seen as a major obstacle for the non-yielding gold price. However, declining US Treasury bond yields are providing some support. Additionally, the escalating crisis in the Middle East is expected to limit the downside for gold as it serves as a safe-haven asset. Traders are now focusing on the Prelim GDP data from the Eurozone and the US macro data, including the Conference Board's Consumer Confidence Index and JOLTS Job data.
⭐️ Personal comments NOVA:
Gold price increased before federal and NF interest rate information this week, expectations of recovery this week are very high
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2012 - $2010 SL $2005
TP1: $2020
TP2: $2028
TP3: $2038
Note the Scalping BUY support zone 2022-2024
🔥SELL GOLD zone: $2048 - $2050 SL $2055
TP1: $2044
TP2: $2038
TP3: $2030
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Gold sell confirm target On the flip side, the overnight swing low, around the $2,020-2,019 area, now seems to protect the immediate downside ahead of the $2,012-2,010 zone and the $2,000 psychological mark. A convincing break below the latter will be seen as a fresh trigger for bearish traders and expose the 100-day SMA, currently near the $1,978-1,977 region. The Gold price could eventually drop to the very important 200-day SMA, near the $1,964 region.
Gold sell 2038
Target 2006
GOLD TOWARDS SELL CONFIRM Gold price (XAU/USD) catches fresh bids on the first day of a new week and builds on its steady intraday ascent through the early part of the European session. The precious metal breaks through the 50-day Simple Moving Average (SMA) barrier, though bulls need to wait for a move beyond the $2,040-2,042 supply zone before positioning for any further gains ahead of the FOMC decision on Wednesday.
Heading into the key central bank event risk, a further escalation of conflicts in the Middle East turns out to be a key factor acting as a tailwind for the safe-haven Gold price. Meanwhile, the flight to safety drags the US Treasury bond yields lower and further lends support to the XAU/USD. Meanwhile, the US Dollar (USD) remains below a one-month high touched last week and does little to provide an impetus.
GOLD-Trading strategy analysis
The gold market focuses on data: the number of initial jobless claims in the United States in the week to January 20, the initial value of the annualized quarterly rate of real GDP in the fourth quarter of the United States, the initial value of the quarterly rate of real personal consumption expenditures in the fourth quarter of the United States, the initial value of the annualized quarterly rate of real GDP in the fourth quarter of the United States, The initial value of the annualized quarterly rate of the core PCE price index, and the annualized total number of new home sales in the United States in December.
Yesterday I emphasized that gold is choosing a direction. Yesterday's data was not conducive to gold. However, gold did not form a unilateral decline, but only expanded the range of shocks.
The volatility of gold is very small now, and today's data release will still affect the trend of gold. Although it is in a downward trend, we cannot blindly follow it. We can wait for the appropriate resistance and support to sell or buy.
Xsuusd:sell2021-2025
TP:2015-2011
SL:2028
During a downtrend, we do not trade buy orders for the time being.
Join me, I will analyze the market situation every day and give you suitable trading strategies for your reference.
GOLD M30 / EXPECTING A SHORT MOVE ON SMALL TF 💲Hello Traders!
This is my forecast on GOLD M30. I will look for a short trade entry if I see the retracement from the OB H1.
My target is the resistance level at the price of 2002.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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GOLD-analyze
Today, Friday, focus on the annual rate of the US core PCE price index in December.
Gold's fluctuations were not large yesterday. Although yesterday's data was not conducive to gold, the lowest level only reached 2009, and finally rose to above 2020.
Today's core PCE data is very important to the trend of gold. From the perspective of expectations, core PCE 3.0% is indeed possible. After all, U.S. inflation has continued to decline since last year, but it should be noted that the phased rebound in U.S. housing prices has continued. This all brings suspense to the evening announcement.
It can be seen that gold is still in a downward trend, so we still focus on selling, but we must wait until the important resistance range before selling.
Strategy 1:
Xauusd:sell2026-2030
TP:2020-2017-2010
Strategy 2:
Xauusd:sell2032-2036
TP:2026-2020
SL:2039
With the above two strategies, you can choose the appropriate trading strategy based on your own funds.
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Today Gold sell move today confirm move to sell don't miss this The daily chart for XAU/USD shows that the risk remains skewed to the downside. A bearish 20 Simple Moving Average (SMA) maintains its bearish slope above the current level, while the longer moving averages remain directionless, far below the current level. Technical indicators, in the meantime, hold directionless within negative levels.
According to near-term technical readings, XAU/USD is poised to extend its decline. The 4-hour chart shows the pair met intraday sellers around a mildly bearish 20 SMA while the longer ones grind lower above it. Technical indicators, in the meantime, accelerate lower within negative levels, supporting another leg south on a break below the $2,010 price zone.
Support levels: 2,010.00 2,001.60 1,988.60
Resistance levels: 2,021.80 2,033.10 2,040.30
Gold sell now 2022
Confirm Target 2005
Gold price is trending DOWN with GDP news⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
During the Asian session on Thursday, the price of gold (XAU/USD) has slightly increased and recovered some of the significant losses from the previous day. However, there is a lack of strong bullish momentum. The US Dollar (USD) is struggling to take advantage of the rebound it experienced from a one-week low and is still below its highest level since December 13, which was reached on Tuesday. These factors, combined with the potential for further escalation of military action in the Middle East, are providing support for the safe-haven precious metal.
⭐️ Personal comments NOVA:
Gold price after the 2019 breakout, Gold price will continue to fluctuate below this zone and prioritize the upcoming DOWN trend, today's GDP news is also supporting that.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2000 - $2002 SL $1992
TP1: $2008
TP2: $2013
TP3: $2020
🔥SELL GOLD zone: $2022 - $2024 SL $2029
TP1: $2015
TP2: $2008
TP3: $2000
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest