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Goldsell

GOLD - RAPID SCALP - WE ARE KILLING ITHi Team, Please see linked post to see my big GOLD trade set up - it is running beautifully and is just a few pips from TP. If you missed out, we have a lovely scalp opportunity just now. Prices is descending, respecting 1H EMA and giving us clear price invalidation. Look for rejection from EMA and ride the sell down to at least our initial TP (1:10 ratio) and local structure TP2 (1:25 ratio!) Gold scalp is what I do best, so let's make some money. Good luck, trade safe, and please like/share and comment if you like what I do! DrBear
TVC:GOLDShort
by DrBear
2
GOLD: Bearish Pin Bar SignalGOLD – SPOT: Selling Whilst Under Prior Bearish Pin Bar Signal Price Action: Price moved lower from within the range of the Bearish Pin Bar Signal that had formed mid-last week (We suggested trading this signal in the August 11th members' daily newsletter). Price moved briefly higher from the recent Multiple Inside Bar Pattern that had formed early last week (We did not consider trading this pattern, nor did we mention it at the time it formed). Potential Trade Idea: We are considering selling on a retracement higher whilst price remains under the Bearish Pin Bar Signal that had formed late last week.
GShort
by UnknownUnicorn393254
GOLD Detailed analysis for the week aheadHi Team, Last week my analysis for Gold was on point - we saw a big breakdown after the much higher than anticipated Aug Non-Farm Payroll result. This week I am expecting a retracement. We saw rejection of the daily ascending resistance (see chart) and will, I expect, move up to our original sell zone. I do not expect a break above the weekly descending channel resistance. From a chart analysis/Wave analysis stand point therefore, we look good for a Bear run on Gold. The issue will be news. We are all aware of general (international) market sentiment, and that can make things less predictable. So with that said, the news this week: Tuesday 9th Aug at 1230 : Non Farm productivity - Look for a higher number than -4.5% (AKA closer to 0) to indicate bullish pressure. If lower, we may see a push to higher entries. Tuesday 9th Aug at 1230 : Unit labour cost. This is expected to be lower than previous which is bad (Bearish) for the USD, and therefore bullish for gold. Overall impression for Tuesday 9th Aug: Expect Gold to climb toward previous sell zone. Wednesday 10th Aug at 1230 : This is the "big" news day this week. The main two things to look for are the CPI month on month (MoM) and year on year (YoY). Without over complicating things for you, a HIGH number is good for the USD, and therefore bearish for Gold. The FED has maintained a very aggressive stance regarding inflation, and I would be unsurprised to see a figure higher than anticipated. In that scenario, I would expect a significant drop on Gold - this time looking for it to break daily ascending correction. Overall impression for Wednesday 10th Aug: Look for a big impulse down on news release. If it goes against us, expect repeated rejection from descending weekly resistance. Thursday 11th August at 1230 : Several moderate impact USD news events, but none likely to contribute significantly to the impulse commenced on the 10th. IJC and PPI are set to be approximately equivalent. Overall impression for Thursday 11th Aug: No major changed expected. Friday 12th August at 1400 : Michigan Consumer Sentiment Index (MCSI) This is high impact news. The current anticipated reading is slightly higher than last months recorded, and therefore likely to be bullish for USD. This will play out in one of three ways: - If we started a bear run on Wednesday, look for continuation and break below the trend line noted on the chart. - If we started a bull run Wednesday, look for rejection from descending weekly resistance - If this reading is lower than expected, we may get another bounce up from the ascending daily correction support noted on the chart Overall impression for the week: I expect a climb to the recent sell zone before news on Wednesday pushes the price of Gold down, a move expected to continue after news on Friday. I will post closer time-frame set ups over the next couple of days, so please like follow, share and subscribe! Good luck, Trade safe DrBear
TVC:GOLDShort
by DrBear
2
Ending fifth wave diagonal = bearishThanks for viewing, While I find Elliot Wave difficult to use well in trading, I find it useful in gaining perspective on the market and brainstorming possible moves. You can see the breakout from the 1711.10 and the price channeling strongly. If wat I have labelled wave 1 and 3 are correct (wave 3 does meet an over 1:1 extension of wave 1 and I had a target of 1782.99 or similar. What is irrefutable: 1. At some point price left the bottom trend-line of the channel and started a newer much less steep rise that I am sure a lot of you have found challenging to trade. 2. If you draw the channel like I did, after the price breakout, it re-tested, and was rejected. 3. The price has been steadily, albeit slowly rising. But definitely doesn't have any characteristics of an impulse wave. 4. Since setting 1767.90 on 29th July there have been a series of swing highs and lows that made three higher highs and three higher lows. I have marked with blue boxes areas with retracements of over 50% - which is normally indicative of a wave 1 and 2. Earlier I was expecting a very extended wave 3 to go exponential as several wave 3s (iii, (iii) etc) of wave 5 unfolded - but now have switched bearish. None of what I presumed to be wave 1 and 2s have extended to a 1.618 extension and they resemble 3 wave waves rather than 5 wave moves. So energy is being stored up before a breakout and I have started to presume that the breakout will be downwards. Near term target 1751 and possibly lower. Correction inbound. I hope you like my artwork there in the corner. Protect those funds and good luck.
TVC:GOLDShort
by flyinkiwi10
GOLD WAVE TWO SELL - DO NOT MISS THIS!!Hi Team! This week has been SO successful for us - my analysis of Gold and EURUSD has been especially on point. Please see linked post for deep dive fundamental analysis on Gold. We had a lovely scalp buy yesterday to the 0.618 Fib level, and we are now in the end region of wave two consolidative correction. We have USD high impact news at 1300, and I expect this to be the driver of a drop. It is worth noticing that spreads and volatility are likely to push price up a little - perhaps even as high as a double top - before true market direction takes hold and we see a drop. Please use risk appropriately, advise set stop loss to break even once at TP1. I put a lot of effort into these analyses, so please like comment and share! Be kind, trade safe. DrBear
TVC:GOLDShort
by DrBear
4
GOLD: Bearish Inside Bar + Pin BarGOLD – SPOT: Selling On Breakdown Of Bearish Inside Bar + Small Pin Bar (Combo Setup) Price Action: Price formed a Bearish Inside Bar + Small Pin Bar (Combo Setup) overnight. Price moved lower from within the range of the prior Multiple Inside Bar Breakout that had triggered on Tuesday July 12th (We suggested selling on a retracement higher into the range of this Breakout Pattern in the July 13 members' daily newsletter). Potential Trade Idea 1: We are considering selling on a breakdown of the current Bearish Inside Bar + Small Pin Bar (Combo Setup) Potential Trade Idea 2: We are considering waiting to see if the current Bearish Inside Bar + Small Pin Bar (Combo Setup) turns into a Potential Bearish Fakey Setup. Potential Trade Idea 3: We are considering selling on a retracement higher to within the range of the prior Multiple Inside Bar Breakout that had triggered on Tuesday July 12th.
GShort
by UnknownUnicorn393254
Potential Retracement From SupplyGold - I want to see a push into previous supply mitigating the imbalance before a retracing down towards the buy zone/weekly low Let me know your thoughts! * Disclaimer ** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
OANDA:XAUUSDShort
by benalistarfx