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Goldsell

XAUUSD A Potential Movement to the Downside 🔨🔨🔨💡 Trade Idea 📉 Sell Order @ 1836.90 🎯 Target Profit 1807.62 🛑 Stop Loss 1851.15 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price is ranging inside a wedge pattern where the gold has posted a higher correction toward the top end of the wedge formation. We have a confluence zone between the 61.8% Fibonacci retracement level and the resistance trendline which might cause a reversal and then a move to the downside to the 1807.62 mark. ------------------------------------------------------------------------------------- Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
OANDA:XAUUSDShort
by CollegeofPips
2
GOLD - SHORT; SELL it!At first sight this may be is somewhat counter intuitive at first (amid the anticipated equities decline + the massive short on the Dow/Gold Ratio) but really it is not; 1) Charts (price action) don't lie; 2) The true (reliable) Safe Haven is still the Yen - JPY; (Likely more than before?) 3) Forced liquidation in the equities (and similar events) will put pressure on the PMs, even if it is only temporary; 4) The Gold/Silver Ratio; 5) Feel free to make up your own reasons. The Gold / Silver Ratio
COMEX:GC1!Short
by Nemo_Confidat
18
Will Gold break under 1800 this week?After a low around 1820 last Monday, Gold has spent all last week in a range between this level and 1860 high resistance. Friday the price encountered selling pressure and Gold has finished the week to the low boundary of the range. Today s open was also weak for the yellow metal and we have a new local low at 1803. From the technical point of view, we have a break under support and at the time of writing Gold is testing old support as new resistance. From this point, bears need a continuation to the downside and if this will be the case a break under 1800 is very probable. I'm selling Gold this week and only a break above 1860 would change my bearish perspective
OANDA:XAUUSDShort
by Mihai_Iacob
5
XAUUSD(GOLD) on 4HR TimeframeMy short-term forecast for Gold predicts that it will stay below the 1900-1920's handle, as there's major resistance (4 HR, Daily, Weekly and Monthly). According to my calculation, I believe the following patterns is forming or have formed: Bearish Gartley/Bearish Flag/Head & Shoulders. I expect this to retest the mentioned zone and fall back short, however in order for the bears to take control it needs to break the lower channel trendline handle at 1865. If achieved, this should dump gold back to the 1930-1940 area or below. A breach of the daily pivot based around that area should further drop this below the 1700's. I hope this help - Happy Holidays!
OANDA:XAUUSDShort
by projectpipelinefx