Goldsellsignal
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
XAUUSD LONGAs gold is in a Short term trend, The question is why i am saying that it has the potential to go #Long. Now, as gold has recently break its level at 1730.00 which indicates that it is gaining momentum. Second, gold makes a double bottom which indicates that the price is taking support at 1704 which can result in hikes of price, resulting in testing it supply zone.
First supply zone at 1730 and second supply zone at 1760, which is indeed a good zone to place your sell orders.
XAUUSD Short Tram BUY, Long Sell signal
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Gold for 200 pipsFriday Gold had a boost crossng my $1869 target, Gold made a start off sell off before the end of last week. Expecting Gold to refill the orders of buy to $1836. where the candle first started then the reaal formation for Gold starts!!!
NB: Red Box; Rejection zone
Yellow BOx: Supply/ Demand zone
Potential Cup & Handle In DemandGold - Potential Cup and Handle Forming in HTF Demand, momentum has broken but still no real BOS/confirmation for reversals, if current supply holds ill be looking for sells if demand holds i'll be looking for buys, waiting for confirmations.
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.
GOLD ON FRESH ZONE SUPPLYgold on the h1 timeframe is in the resistance area. whether gold is able to penetrate the strong area of resistance. According to our personal view, gold could be bullish, but it still needs a strong push, therefore, a price decline is still needed to be able to get new demand areas.
Gold Rejected 1950 resistanceGold is trading flat for the second consecutive day after hitting a high of $1949.
Technical:
The near–term support is around $1926, violation below targets $1918/$1910/$1895/$1877/$1850/$1800. Significant reversal only below $1750.The yellow metal faces strong resistance of $1950, any breach above will take to the next level $1977/$2000/$2020.
It is good to sell on rallies around $1945-50 with SL around $1960 for TP of $1850.
** XAUUSD ** gold trade currently open, will it reach TP?Morning all, update on last trades for EJ
Evening all, gold trade currently open,
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.
GOLD TRADING IDEAG'day Guys,
How you guys doing? Today am expecting gold continue pushing to Supply Zone before Bearish taking place.
As in my perspective, In Daily Time-frames price had break trend-line and bounce back to forming a SBR.
Now, expecting Gold will continue rally downside of the current price which is in the journey of completing the market cycles.
Share your comment guys. I really appreciated you comment.
Cheers
GOLD sell,going down! an hour ago
Hello Traders, here is the full analysis for this pair.
Watch strong price action at the current levels for SELL GOOD LUCK! Great SELL opportunity in GOLD ..
I still did my best and this is the most likely count for me at the moment ..
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
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