gold sell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Goldsellsignal
Continue to short gold and look forward to more returns!Although gold has been supported by the conflict in the geopolitical situation and market risk aversion has pushed up gold prices, it has never been able to touch the previous high near 2484, and even 2480 cannot be reached for the time being. Therefore, gold seems to be strong, but it is facing the resistance area of the previous high. , and it is difficult to cross easily.
Therefore, before gold breaks through the previous high, it is completely reasonable to fall back first to accumulate strength, which is more conducive to gold breakthrough. Therefore, I still don't recommend chasing gold directly at present. Regarding the risk of geopolitical situation, in order to avoid the outbreak of world war, I think all parties will effectively restrain themselves and the conflict will not escalate easily.
Therefore, in terms of trading, on the contrary, I still advocate shorting gold in the 2470-2475 area; if gold rebounds and touches the previous high area of 2480-2484, I will continue to increase my position to short gold, and then wait for a new round of gold decline. Only by walking ahead of most people can we eat more cake and make better profits.
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GOLD and impact of cpi newsXAUUSD has hit all our bullish targets.
In our last analysis we have explained that if 2370 is not hit then the xauusd will fly to 2385 2393 2404 2421.
bullish targets hit
2385✅✅✅
2393✅✅✅
2404✅✅✅
2421✅✅✅
why xauusd fly high with cpi news?
For the last three months the cpi is less than the expected value and fall in consumer price is an indication of finance department for cutting interest rates for stimulating borrowing investing and to boost purchase to strengthen economy.
so now speculations for interest rate cut has increased and due to that reason as a safe haven gold price gone up
for more detailed analysis and views follow us boost us
Continuing DOWN trend !! XAU decrease⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) rose for the third consecutive day, reaching a weekly high of around $2,341-2,342 due to weaker US consumer inflation figures. However, the momentum slowed down near the 50-day Simple Moving Average (SMA) resistance after the Federal Reserve's unexpected hawkish stance. The Fed now expects only one rate cut in 2024, compared to the three previously projected in March. This is likely to put further downward pressure on gold during Thursday's Asian session.
⭐️ Personal comments NOVA:
Gold price shows that selling pressure is dominating in the short-term H1 session. The economic data this week is not enough to help the price of Gold increase - the most important thing is still the information that the FED's interest rates will be kept unchanged, causing the price of Gold to continue to decline.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2270 - $2268 SL $2263
TP1: $2280
TP2: $2290
TP3: $2300
🔥SELL GOLD zone: $2319 - $2321 SL $2326
TP1: $2310
TP2: $2300
TP3: $2290
⭐️ 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
Gold Fed Rate Trading Strategy
XAUUSD There will be a Federal Reserve interest rate decision in less than four hours, and gold prices will fluctuate greatly. The trading suggestions I gave are as shown in the figure, gold rebounds in the 1/2139-2143 area. You can try buying here once.
2/If it falls below this area 2139-2143, then the next range is 2121-2124. You can try to buy here.
3/If gold rises directly, we need to pay attention to 2 positions 2183-2188/2194-2199.
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Gold analysis 14 DEC 23After positive NFP news ,gold had bearish choch
I believe price will correct near 2040 to grab liquidity
Then, continue the bearish trend near 1980
Take care there are a lot of important news this week and FED interest rate decision at the 13 Dec.
Please leave a comment with your opinion.
Good luck , wish you a profitable week !
7 dimension analysis Gold 🕛 TOPDOWN Analysis - Patience Required Amidst Supply Signals
Overview: The market presents an intriguing picture with four consecutive long-wick candles at the top, signifying a robust supply area. Big players seem hesitant to push prices higher than the previous high, warranting a watchful approach, especially in the context of the yearly chart. On the monthly chart, there is a clear uptrend with a well-defined cup and handle pattern. A substantial buildup at resistance levels suggests a wait-and-see stance, primarily for investors. The weekly chart signals a shift in the price dynamic, indicating bearish control until the last demand area or the next swing target zone.
😇 7 Dimension Analysis
Time Frame: Daily
1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: Breakout from Sideways (BoS).
🟢 Swing Move: The impulsive move has achieved its target.
🟢 Inducement: Awaiting confirmation; additional sell entry planned.
🟢 Pull Back: A solid second pullback.
🟢 Internal Structure: Bearish.
🟢 Support or Demand Area: Identified as the next profit booking target, decisions will follow after booking profits. Awaiting Support Breakout/CIP at 1899.
2️⃣ Pattern
🟢 CHART PATTERNS
Continuation
Descending Triangle break signals a target around 1827.
🟢 CANDLE PATTERNS
Notable Observations:
A record session count with eight consecutive bear candles suggests potential continuation until the target.
Momentum indicates bearish candle formation.
3️⃣ Volume:
Volume has been substantial during the entire move, with no signs of weakening.
Volume on the breakout consistently indicates lower volume at base levels followed by significant volume during the follow-up.
4️⃣ Momentum RSI:
🟢 Zone: Super bearish.
🟢 Loud Moves: Price movement transitioning from sideways to bearish, indicating expectations of further bearishness.
🟢 Overbought/Sold Rejections: Currently count at 0.
5️⃣ Volatility Bollinger Bands:
🟢 Move Commencement: Following a Squeeze spanning over 10 candles in the range.
🟢 Squeeze Breakout: Expectation of a move outside the lower band.
🟢 Walking on the Band: Ongoing trend adherence, with price respecting this trend.
6️⃣ Strength ADX:
Bears currently exhibit complete control in the market at this point.
7️⃣ Sentiment ROC:
Indicates that this is the weakest commodity in the last week.
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bearish
☑️ Current Move: Impulsive.
✔ Support Resistance Base: Last established base.
☑️ Candles Behavior: Reflects characteristics like RSC, Longwicks, Doji, and Inside candles.
☑️ FIB Trigger Event: To be assessed at the sell area.
☑️ Trend Line: To be drawn once the price reaches the sell area.
☑️ Final Comments: Waiting for the right moment to sell.
💡 Decision: Sell at correction.
🚀 Entry: 1870
✋ Stop Loss: 1884
🎯 Take Profit: 1820, 2nd Exit if Internal Structure Changes, 3rd Exit on a trendline breakout or FOMO signal.
😊 Risk to Reward Ratio: 1:3.5
🕛 Expected Duration: 7 days
SUMMARY: The market exhibits a strong supply area with a need for vigilance. Various charts, including the yearly, monthly, and weekly, provide insights into the bearish sentiment. The daily analysis indicates a bearish structure with planned sell entries. Volume, momentum, and candle patterns further support the bearish outlook. Patience is advised for a well-timed sell. Specific entry, stop-loss, and take-profit levels are provided, with a risk-reward ratio of 1:3.5.
GOLD - XAUUSD 4H Short term BUY and Long term SELL!Hello Everyone,
Welcome to FXMYWORLD.
Let's see how this pair will perform based on the analysis.
Make sure you do your research and based on your confluence please look for the entry.
Don't rush your trades without any confirmation.
Thanks in advance for checking my trade idea.
XAU/USD Mixed Sentiments Amid USs Data and Debt Ceiling TalksGold prices are struggling to maintain their week-start corrective bounce as mixed sentiment and anxiety over top-tier US data and debt ceiling talks weigh on XAU/USD buyers.
However, the US Dollar bears have taken a breather amid hawkish Federal Reserve talks.
Additionally, China's economic report indicates that economic growth is set to rebound sharply, which is underpinning the Gold price upside.
The XAU/USD traders are bracing for the key US Retail Sales and debt ceiling negotiations among the US policymakers and are expecting a pullback unless the Gold price can sustain the $2,000 breakdown.
TRADE IDEA DETAILS:
CURRENCY PAIR: #XAUUSD
CURRENT TREND: Mildly bearish
TRADE SIGNAL: ↘️Sell
👉ENTRY PRICE: $2,015
✅TAKE PROFIT: $1,970
❌STOP LOSS: $2,027
#goldprice #XAUUSD #USdata #debtceiling #Fedtalks
Gold i likely to drop if it sees rejection at the 1999-2003 lvlif you thinking about selling, just wait for a strong confirmation at the 2000-2003 level when the price reaches it, then sell with a sl of 2004 or 2005 and tp1 at 1700
please know that i am not responsible of any decision you take i am just sharing my technical analysis of the market with you
happy trading :)
Gold (XAUUSD) SELL TRADE IDEA - 1:3 R:RHi Everyone,
I'm looking to sell #XAUUSD Gold this week and target around 1725 area to take profit.
I have marked all the areas of interest with a red line and a likely point of entry in green.
What is your thought on Gold movements early in the new year?
Let me know!
Gaspar_Trader
GOLD SELL IN DAILY 1587?In daily time frame gold is in downtrend after forming double top in daily time frame.gold market is looking bearish in bigger timeframe and we see selling pressure in gold prices due to strong dxy dollar index and US traseury bonds and fed rising interest rate. US major stock are also falling dow jones sp500 and us30 also showing weakness and selling pressure in the us stock market, XAUUSD Gold Market Analysis.