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Goldshort

GOLD TO CONTINUE IN BEARISH CYCLE Gold has been in a bear market since its ATH of $2,790 back in late October, as my previous gold post stated there was an opportunity for a short against gold which could see potential returns of around 7-8% in just 60-90 days (prediction generated using trend cycle AI tools). I have slightly adjusted key level's after spending some more time utilising MTFA, the key levels are clearer now, i have also left to Fib tool on my charts to purposely show you the targets i expect gold to reach. These are major levels, other traders will also be trading to these targets influencing the market in the direction we need it to go as a short seller. Key levels: Entry: $2,646 SL: $2,680 (just above recent key level to act as a barrier) 1st TP: $2,535 2nd TP: &2,470 Profits would be locked in along the way, using the TP's i have just listed out. I would also bee inclined to move stop to entry at $2,600 to remove risk all together, at this point i would be convinced enough of a complete cycle change into a complete bear market.
CAPITALCOM:GOLDShort
by h77nry
Gold H1 (XAU/USD)The 1-hour XAU/USD chart reveals a potential corrective Elliott Wave (A-B-C) pattern following a completed (W-X-Y) structure. Expected Corrective ABC Pattern: Wave (A): The initial decline is anticipated to target the $2,605-$2,620 support zone. Wave (B): A minor retracement is expected to occur, likely staying below the $2,662 resistance level. Wave (C): The final wave may extend the decline towards the $2,560-$2,580 lower support zone. Key Levels to Watch: Resistance: $2,662 Support Zones: Middle support: $2,605-$2,620 Lower support: $2,560-$2,580 Keep an eye on the evolving market conditions and adjust your trading strategy accordingly. Good luck!
TVC:GOLDShort
by me22_
1
Xauusd sell From a technical point of view, XAU/USD remains confined to familiar levels, still struggling to find a directional way. In the daily chart, the pair struggles around a mildly bearish 20 Simple Moving Average (SMA) while the 100 and 200 SMAs maintain their bullish slopes well below the current level. Technical indicators, however, have turned flat at around their midlines, in line with the absence of a clear trend Gold now sell 2640 Support 2615 Support 2605
OANDA:XAUUSDShort
by JohnHarry_7
I believe gold has turned around bearish only a few moments ago A setup I have here to detect breakouts and capture big profits, when I get right, well its fantastic for looking inside reversal trades. TV only allows higher time frame screen-shots, which for a variety of reasons is disappointing, one of which is that lower timeframes allow you to see exactly how the setup played out. I will deploy a workaround for this because it would be good for you to see it. So, early days, but I'm hopeful of gold turning back bearish. That suits me because I i am still Short Gold and Silver. Mind you I am hedged and also long but I am more stacked up on the short side. When you trade an instrument such as gold you get an insight into what they are trying to do with price and liquidity, now every time I was short the past week or so, almost every time I was offered a good price to exit those short positions, its these sorts of instances where you just know that they would rather pay you out a thousand bucks than to take a short right dow low and take many more thousands from them. Below is the 1m timeframe of Gold. It's quite self explanatory once you see the imagery of this juncture where gold recently turned-around. But notice how price hugs the resistance level and many attempts are tried to break-through this level but eventually gold is rejected and moves lower. A couple moments ago the 1m gold price was traversing lower and through a 4hr timeframe. I am not an order block expert but I know enough to get by. The order block in question was a huge 4hr OB so these being 1m candles and timeframes I don't think it will get caught up in this 4hr OB. Well guess what, the 1m candle did turn around in this 4hr OB. But this will be shortlived in my opinion. Soon I will post a trade short in gold. Rarely do I broadcast alerts for risky shorts, but this one has shifty short gold written all over it.
EIGHTCAP:XAUUSDShort
by Easy_Explosive_Trading
XAU/USD :: Wyckoff Distribution :: PHASE B is coming ...With December comes ... Phase B; at least I hope it does... everything looks that way. Classic Wyckoff Distribution... looks like a textbook example until now... let's hope it continues like that. In the Wyckoff Method, Phase B represents the range-bound period after accumulation (Phase A) and before the price breaks out. Here's how to identify signals confirming XAU/USD is in Phase B: Key Signals for Confirming Phase B: Price Consolidation: Expect the price to trade within a well-defined range, characterized by sideways movement with lower volatility. During this phase, both buyers and sellers test their positions. Volume Analysis: Volume behavior is critical. Look for higher volume on down moves and lower volume on up moves, suggesting selling pressure during corrections and weaker buying interest during rallies. This typically signals distribution or accumulation. Testing Support/Resistance Zones: XAU/USD will often test key support and resistance levels, creating higher lows or lower highs, signaling potential re-accumulation or re-distribution. Watch for failure to break these levels decisively. Range-bound Patterns: Watch for rectangular price ranges (consolidation) or broadening formations. A breakout above the top range suggests the transition to Phase C (mark-up), while failure to break down below suggests Phase A continuation. Wyckoff Climax: Near the end of Phase B, a final climax can occur, where volume spikes and a sharp reversal signal the market’s readiness to exit the range. but, please also consider: Market Sentiment: Understand overall market sentiment, as external factors like interest rates or geopolitical events can influence XAU/USD. Indicators: Utilize momentum indicators (e.g., RSI, MACD) to confirm overbought or oversold conditions in Phase B. Good Luck to all!
OANDA:XAUUSDShort
by VidaDeTraderPT