Why (I think) Gold BoughtManipulation, Probability & Understanding. That is it, Watch the video for me to explain these concepts deeper.
Goldshort
Unswervingly short goldAfter reaching around 2370, gold rebounded again and is currently hovering around 2390. Gold seems strong, but it is always difficult to reach the key suppression area and cannot form an effective breakthrough, so I think that gold is still dominated by shorts as a whole.
Gold is currently facing two key suppression levels, one is the 2400-2405 area, and the other is the 2410-2415 area. If gold cannot overcome these two resistance areas, then the gold shorts will counterattack at any time, so before regaining the 2410-2415 area, there is no doubt that in terms of trading, I always insist on a short-selling trading strategy. The short-term support below is around 2376, followed by around 2368. If gold falls below the support in this area, gold will also test the 2350 area, or even 2330.
So in terms of short-term trading, I still insist on shorting gold!I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
GOLD Pattern FormationThis commodity has been forming a bullish pattern, according to the higher timeframes (weekly) and it has retested the upper trend line again.
I do anticipate that it might test the 0.2 fib retracement. A follow up analysis using a shorter time frame...
GOLD, Huge fall Ahead ?Hello traders, hope you are doing great.
For upcoming week, I think we'll probably see an uptrend correction in GOLD at first and after that we'll probably see a fall to specified Level and beyond that. so with a proper trigger, we can open a SHORT position.
and finally tell me what do you think? UP or DOWN? leave your comment below .
If this post was helpful to you, please like it and share with your friends.
Thanks.
Gold, Bearish on weekly chartIt is 17 weeks that the gold is trying to break the $2400 USD, but it is unable to do so. in technical terms we can see a clear stop hunt and moving in a side zone which looks like a distribution phase.
on fundamental side, due the uncertainties related to US presidency election and The Middle East critical situation i think the price will drop in next weeks.
SHORT - $Gold looking like a snack rn $XAU, $GC1!Retrace after testing ATHs.
Rising wedge into rising wedge.
Trend is friend.
Huge Weekly printed rectangle, Would like to see an SFP/FA below W Range S/L before entering as buyer.
Chaos and Confusion within Gold Today!I think it makes more sense to walk away from gold at this time as it isn't very clear about what it is attempting to do.
Have you ever felt like the market doesn't know what it wants to do? Well if that is the case and the market doesn't know, how the F could you know?
Come on, not everyday requires you to place a trade.
This is a test most traders will surely fail, because they are addicted to the industry, you have to gain some kind of control over yourself and force yourself to walk away.
+$374.00 on Gold Call Today
What is up traders, Brandon here - Absolutely lovely call on Gold this morning.
Below are the links to all the minds that I would have posted before and after the trade itself was taken>
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
I like showing all the receipts because this gives clarity, you get a good idea of before and after. I hope you understood where I was coming from with this one.
Have a great rest of your day - see you guys soon =)
Gold Absolutely Destroys Sellers, Simultaneously fools BuyersWhat's up guys, I hope this message finds you well.
It appears that gold did actually play out almost exactly like I wanted it to and surprisingly I was right.
Here is the link to the original analysis - www.tradingview.com
The good thing about this is that due to it being a news event I wouldn't have been able to engage anyway until maybe after the event but had I engaged I would have absolutely been right.
Also You'd realize that I don't just call out buy here or sell there without an explanation.
I do this for 2 reasons.
1. I believe in order for you to get better you need to be able to explain what it is you think you understand to others in a way that helps them understand
And
2. If as a trader you don't like over-explaining\analyzing things.. I got some bad news for you buddy, this may not be the correct industry for you.
You have to be able to explain why you are taking specific trades even if it just to explain it to yourself. If you cannot do that then taking the trade is likely ill-advised.
Hope you enjoy this one, have a good rest of your day, see you guys soon!
GOLD Short The daily chart for CFDs on Gold (XAU/USD) indicates a potential short trade setup based on recent price action and liquidity analysis.
Key Levels:
* Resistance Zone (TS): $2,458.19
* Current Price: $2,411.80
* Sellside Liquidity Target: $2,294.95
Analysis:
1. Fair Value Gap (FVG): The market has shown a fair value gap in the highlighted grey area, indicating potential bearish pressure if the price fails to reclaim this zone.
2. Liquidity: The blue zone marks an area where sellside liquidity is likely to be targeted. This area, around $2,294.95, could serve as a significant support level where short positions might consider taking profit.
3. TS: The red highlighted area near $2,458.19 represents a strong resistance zone where the price has previously rejected.
Trade Setup:
* Entry: Consider entering a short position around the current price level of $2,411.80, especially if the price shows signs of rejecting the FVG zone.
* Stop Loss: Place a stop loss above the recent high around $2,460.00 to protect against any unexpected bullish momentum.
* Take Profit: The initial take profit target should be set around the sellside liquidity at $2,294.95.
Gold Short RR 1:1
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description
GOLD to find sellers at market price?Gold - 24h expiry
Posted a Double Top formation.
Short term bias has turned negative.
5 negative daily performances in succession.
20 4hour EMA is at 2411.5.
We look for a temporary move higher.
We look to Sell at 2411.5 (stop at 2427.5)
Our profit targets will be 2371.5 and 2361.5
Resistance: 2404.0 / 2412.2 / 2420.0
Support: 2383.9 / 2370.0 / 2350.0
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Gold Spot / US DollarHey traders on GOLD we can see that we are approaching supply area, my weekly fundamentals are telling me that we could potentially have a reversal from this area.
Entry 2,414.000
SL 2,458.232
TP 2,175.000
This chart material is for educational purposes only / Demo account should be traded only
7 Dimension Sell Setup for Gold Technical Analysis Method SMC
** 7 Dimension Analysis**
Time Frame: H1 / 5M (Minute)
1: Swing Structure: Bearish
🟢 Structure Behavior: Choch, now at this extreme POI (Point of Interest) 🟢
🟢 Swing Move: Corrective (about to end) ↪️
🟢 Lower Time Frame (M1): Inducement is done. It's better to wait for M1 structure shift. ⛔
🟢 Internal Structure: Bullish yet ⬆️
🟢 Supply Area: Based on M5 timeframe 🟦
2: Pattern
🟢 CHART PATTERNS: No reversal chart pattern detected yet. ⬜
🟢 CANDLE PATTERNS: Record Session count
3: Volume
🟢 After a good rally, volume is drying up now. **
🟢 Volume during correction is less than impulsive volume. **
4: Momentum RSI
Current: Bullish to sideways with proper bearish divergence and range shift. **
5: Volatility Bollinger Bands
🟢 Middle band is interim support yet. 🟦
🟢 Price is currently in a contraction phase, making a Bollinger Band "W" pattern with the complete leg about to end. ➡️
🟢 High with a pin bar price also indicates a Band Puncher. **
6: Strength (ROC - Not Included)
7: Sentiment: Bearish for M5 SMC (Smart Money Concept) timeframe
✔️ Entry Time Frame: M5
✅ Entry TF Structure: Bearish
☑️ Current Move: Correction at extreme POI ☑️
☑️ Resistance Area: Gives multiple rejections ❌
☑️ Candle Behavior: Not clear ⬜
☑️ Trend Line Breakout: Waiting ⏳
** Decision:** Sell if price gives a breakout of the trend line ⬇️
** Entry:** 2381
✋ Stop Loss: 2387
Take Profit:** 2355
Risk-to-Reward Ratio:** 3.5
Expected Duration:** One day
SUMMARY:
Based on the multi-timeframe analysis, a potential short selling opportunity exists with a bearish bias. The current corrective move might be nearing its end at the extreme POI. However, waiting for confirmation from a bearish breakout on the M5 timeframe and a clear bearish candle pattern is recommended before entering a trade. Remember, this analysis should not be considered financial advice.
XAU correction DOWN - opportunity for $2400⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The US Dollar (USD) strengthens after a recent decline, mainly due to the drop in the Euro currency. This is putting pressure on commodities. Profit-taking and geopolitical tensions may contribute to the downfall of precious metals, but central bank demand should provide some support.
⭐️ Personal comments NOVA:
The FOMO from the market has gradually cooled down after much information that the FED will accelerate the process of cutting interest rates by 0.25%. indispensable for stability for the Gold market
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2400 - $2398 SL $2393
TP1: $2408
TP2: $2415
TP3: $2430
🔥BUY GOLD zone: $2415 - $2417 SL $2412 scalping
TP1: $2422
TP2: $2428
TP3: $2435
🔥SELL GOLD zone: $2465 - $2467 SL $2472
TP1: $2455
TP2: $2440
TP3: $2430
⭐️ 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
XAUUSD | Bearish Divergence Currently, XAUUSD (Gold) is in an uptrend, making new higher highs and higher lows, and moving within a parallel channel supported by its trendline. Additionally, fundamental factors are pushing gold to make new higher highs.
However, on the 1-hour time frame, there is a hidden bearish divergence, indicating a potential trend change to a downtrend. This suggests that soon, new lower highs (LH) and lower lows (LL) may form, and we can expect the price to test the trendline.
In summary:
Uptrend : Gold is making higher highs and higher lows and moving within a parallel channel supported by a trendline.
Fundamentals : Supporting the uptrend and pushing gold to new highs.
Hidden Bearish Divergence : On the 1-hour time frame, indicating a potential trend change to a downtrend.
Expectation : Potential formation of lower highs and lower lows, with the price possibly testing the trendline.
These signals suggest that while gold is currently in an uptrend, there are signs of a possible reversal. It is important to monitor these indicators and conduct further analysis before making trading decisions.
GOLD THOUGHTS 18-JUL-2024Hello everyone! Please find my GOLD analysis for today below. As a price action trader, I encourage you to compare your charts with mine and use my insights to enhance your skills. Please note that these videos are meant for educational purposes only and should not be considered as trading signals. My goal is to help you learn and become a proficient trader.
XAUUSDhello dear friends
it is how i see
and it is not position advice do your analyze and carefully open a one
AmiR YarsaN
XAUUSD RetracementCurrently the Fundamental OF gold is all positive also on all these Higher time frames The Structure is Bullish and now at this point we can expect to retrace further downside3 and test the trendline support then we can expect some upsides moves all depend on FA.
GOLD THOUGHTS 17-JUL-2024Hello all, Kindly see my GOLD thoughts for today. These videos are aimed at making you compare charts with mine if you are a price acton trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
Gold possible movegold can perform the way i suggested as in previous day gold has not broken its weekly to monthly resistance and is also showing us price action to relive the situation and continue to its sell baised
GOLDDaily candlestick pattern for Gold (CFDs on Gold, 1 Troy Ounce) with a Gartley pattern highlighted. Here's a detailed analysis:
Gartley Pattern Analysis:
XABCD Points: The Gartley pattern is identified with the key points marked as X, A, B, C, and D.
X to A: Initial upward move.
A to B: A retracement to 0.618 of the XA leg.
B to C: Another move upwards but doesn't exceed point A.
C to D: A final retracement, completing the Gartley pattern around the 0.786 level of XA.
Key Levels:
D Point: The completion of the Gartley pattern suggests a potential reversal zone.
Sell Zone: The region marked near the 2,428.00 level indicates a sell zone, suggesting a potential area for short positions.
Support Level: Significant support is identified around the 2,368.74 level, aligning with historical price action and Fibonacci levels.
Order Blocks:
Bearish Order Block: Positioned around the sell zone (2,416.00 - 2,435.00), indicating potential areas of supply where selling pressure might increase.
FVG (Fair Value Gaps): Daily FVGs noted around 2,390 and 2,368 levels, which might act as zones of interest for buyers.
Price Action:
The current price is around 2,415.07, slightly below the D point of the Gartley pattern.
The chart shows a recent upward trend reaching the sell zone, indicating a potential bearish reversal if the Gartley pattern holds.
Recommendations:
Short Positions: Consider short positions around the sell zone (2,428.00) with targets around the support level (2,368.74).
Stop-Loss: Place a stop-loss slightly above the 2,435.00 level to manage risk in case of a breakout above the bearish order block.
What's next for Gold? Gold has been getting re-priced higher and higher for some time now and is due for a drop. I am targeting 2,300 for next week. See chart for more details.
