Goldshort
Today, again gold sell? We hope Gold will hit our targetsDear MsProTrading Members,
Today, we can clearly see the gold trend, and we hope that this trend will continue until 1912 or 1906.
GOLD Price Holds Steady Amidst Dollar Retreat, But Faces Down...Gold Price Holds Steady Amidst Dollar Retreat, But Faces Downward Pressures
The price of gold has been treading water, hovering around $1,927 per troy ounce in the early hours of the Asian trading session on Monday. While the precious metal is managing to stay near the previous week's close, it faces challenges from multiple fronts, including a retreating US Dollar (USD), rising US Treasury yields, and influences from China's economic data.
USD Retreats but Treasury Yields Rise
The US Dollar Index (DXY), which measures the USD's performance against a basket of major currencies, is currently trading at approximately 104.80, slightly below its peak since April. The weakening of the USD has provided some minor support to gold prices. However, the rise in US Treasury yields, particularly the 10-year bond yields reaching 4.29%, up by 0.52%, could exert downward pressure on gold.
USD's Robustness Supported by Positive Economic Data
The USD is expected to remain resilient, supported by a consistent flow of positive economic data from the United States. For instance, US Initial Jobless Claims for the week ending September 2 reported a reading of 216,000, below both the market consensus of 234,000 and the previous week's revised figure of 229,000. This demonstrates the health of the US labor market and bolsters the USD's strength.
China's Disinflationary Pressures on Gold
China's Consumer Price Index (CPI) data for August was published recently, indicating a year-on-year increase of 0.1%. While this marks an improvement from the previous month's figure of -0.3%, it fell short of market expectations, which had anticipated a 0.2% reading. This relatively soft CPI reading suggests that disinflationary pressures persist in China, which could potentially weigh on gold prices.
Uncertainty Surrounding China's Economic Situation
Throughout the week, market participants will closely monitor developments in China's economy. Understanding the challenges that Chinese authorities must address to implement necessary monetary and fiscal measures to achieve their target of 5% GDP growth this year will be crucial. Any signs of economic instability or obstacles in achieving this goal could impact the global financial landscape, potentially affecting gold prices.
Fed's Hawkish Stance and US CPI Data Awaited
Adding to gold's challenges is the anticipation that the US Federal Reserve (Fed) will maintain higher interest rates for an extended period. There is also an expectation that the Fed will implement a 25 basis point (bps) interest rate hike by the end of 2023. This hawkish stance from the central bank could exert significant downward pressure on gold prices, as higher interest rates make non-interest-bearing assets like gold less attractive to investors.
Investors will keenly await the release of the US Consumer Price Index (CPI) data for August later in the week. This data will provide further insights into the inflationary pressures in the US economy, which could influence the USD's performance and, consequently, gold prices.
In summary, while gold has held its ground in the face of a retreating USD, it faces challenges from rising Treasury yields, China's disinflationary pressures, and the Fed's hawkish stance. The interplay of these factors will determine the precious metal's direction in the coming days and weeks.
Our preference
Below 1940.00 look for further downside with 1916.00 & 1907.00 as targets.
UPDATE YESTERDAY GOLD LONG/SHORT Hello dear companions
Yesterday's long gold position is still open.
Considering that the price is in a pivot support area, i.e. the price of 1910 to 1903, there will be a possibility of the price going up.
If the long position touches its targets, we can enter the short position in the range of 1919 by observing the entry trigger.
1919 area is suitable for sale due to order block and high volume of liquidity
Today's XAUUSD Idea: Hope Again: Gold Will Be BearishDear MsProTrading Members,
Today we will analyze whether gold will drop to 1912–10. First of all, you can get the current price of 1919. We think there may have been a little gold drop in 1916–17 and hope it goes up again in 1926–28. If resistance does not break, we will go back to our final target of 1912–10. otherwise Sell Zone 1934–36
Gold / XAUUSD ~ Bearish H&S Dump / Emerging Asset DivergenceTVC:GOLD undergoing Bearish H&S - clear break below neckline; trying to establish a base to reverse momentum & re-test support.
Unusually strong selling off no immediate news - feels like possible "Sell The News/Buy The Fact" event ahead of US CPI release, TBC..
DXY - up/flat/within range
US Treasuries (long-dated) - down/flat/within range
Silver - down/flat/holding support
Only Asset Class exhibiting similar volatility is Bitcoin, up over 4% (potential divergence with Gold, TBC).
Bullish Support Confluences:
- 38.2% fib retrace (~1903)
- July 2022 trend-line (~1900)
- Psychological level (~1900)
- August 2023 lows / demand zone (~1885)
Bearish H&S Extrapolation Targets:
- Primary = gap fill (~1870)
- Undershoot = psychological level / trend-line / August lows (~1900-1885)
- Overshoot = 50% fib retrace (~1850)
Wait for re-test/neckline rejection to confirm H&S pattern is in play...alternatively higher than usual implied volatility from macro-economic influences warrant risk mitigation (ie wait for the dust to settle) before entering a position..
Trade at your own risk!
COMEX:GC1! FX_IDC:XAUUSD TVC:SILVER COINBASE:BTCUSD TVC:DXY ICEUS:DX1! TVC:US10Y TVC:US20Y TVC:US30Y
GOLD SELLHello, according to my analysis of the gold market, there is a very good selling opportunity. Everything is explained in the analysis. good luck for everbody
GOLD - SHORTI'm adding a second trade to my last week's trade. The price just broke out of a correction/expanding triangle on the 4H Timeframe. More confluence that the price is going to drop.
#Gold Forecast - Monday, September 19Strong economic activity in the United States is supporting the #dollar, and that's why we are witnessing a decline in the #price of an ounce of gold. #Gold prices seem unable to initiate a rally or a significant drop; in fact, the market is in a #range.
#Fundamental Analysis of #Gold
It is expected that #economic data in the coming week will support the scenario of no change in interest rates at the September Federal Reserve meeting and may even keep the central bank from adjusting interest rates until the end of 2023.
However, this week, the market's focus will be on the European Central Bank's interest rate decision. It is expected that the central bank will not make any changes to interest rates, not because of inflationary pressures but due to the threat of an economic recession in the Eurozone.
#GoldForecast
In the coming week, the interest rate in the Eurozone is not expected to change significantly, and as a result, its impact on the US #dollar and the price of an ounce of #gold will be limited. However, it is expected that the European Central Bank will not reduce interest rates for a long time. If the European Central Bank expresses concerns about the #future of the Eurozone economy, demand for the US #dollar will increase, and in that case, the price of an ounce of #gold will decrease.
Based on this, it is predicted that the short-term trend of an ounce of gold will be inclined towards a decline. The strength of the US dollar will limit any upward rally in the gold market.
GOLD (XAUUSD): Bearish Wave Continues 🥇
Earlier, I have predicted that Gold will drop from a major falling trend line.
After its test, we saw a strong bearish reaction.
Taking into consideration the fact that Gold is trading in a bearish trend,
probabilities will be high that the market will go lower.
On a 4H time frame, the market closed, trading in a horizontal range and consolidating.
Your bearish confirmation will be a bearish breakout of the support of the range
- a 4h candle close below 1914.
A further bearish continuation at least to 1907 level will be expected then.
Alternatively, a bullish breakout of the range may initiate a correctional movement.
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Gold weekly bias: BearishHello there, let's discuss what could probably happen in the gold market in the coming week.
As you might see, the gold order flow has been bearish for the past few weeks now, as indicated in the weekly timeframe by a trendline drawn in the chart, showing us that gold might continue to go down to the 1885.325 support level area. You may ask why selling gold. See the answer below:
Important Note : An inside bar that formed at the key level area (trendline resistance area) in the weekly chart is a clear selling confirmation of this downward move. There may be a little pullback though, which could make the coming week's weekly candlestick have a wick/tail before completely going down to the 1885.325 support level area. If gold succeeds in breaking this level to the downside, it could head down to 1804.873.
But, watch out to sell gold in the coming week in the lower timeframes like h4 downward.
Conclusion: Gold flow is bearish, and it will sell in the coming week.
XAUUSD A HEAD AND SHOULDER FORMED hello traders , so as i predicted last week gold perfectly droped to the 1920-1925 area.
unfortunately for me i didnt manage to catch the move i was waiting for a retest for of the 1940s, and that didnt happen so i didnt make anymoney even tho my analysis went +200 pips.
but it is what it is this is apart of trading , there will be more opportunities in the future.
anyways it seems like gold might continue this bullish rally. as we can see the price formed a head and shoulders pattern it is very possible we might see gold drop another 200 pips back to the 1880-1900 area.
here are our bearish clues :
- dollar still too strong
- the head and shoulder formation
- Friday 1D Candle closed as a massive Inverted hammer Rejecting the 1920-1925 zone
the breakout of the neckline will be our confirmation.
also keep in mind this week is very action packed we have alot of stuff coming out like CPI which will determine the fate of the dollar and the direction of Gold .
this is no financial advice just my humble opinion hope you liked the idea make sure to like and follow my trading view i post weekly setups and signals.
Will XAUUSD gold continue to be short?
Gold today rose to the price of 1927 in the morning due to the push of bulls. However, from a technical perspective, the daily K-line is blocked. The current trend suggests a starting point.
SELL
Entry: 1927.5-1931
SL: 1935.5
TP: 30pips - 50pips - 70pips
(Gold) : Nice Weekly TrendHey guys, I hope you're all doing well. As you can see for gold, I think we must expect the gold downtrend to last for a much longer time. In my opinion, gold will fall (step by step) until the 1810 area, and after that, it will fall until 1700. Then, if the price breaks the major support and retests successfully, according to the Triple Top pattern, it must fall down more and more.
Just as a precaution, this is a (Long-Term) Gold idea, according to what I can see on the chart. Also, there are a lot of factors that can change the game.
May you all be PROFITABLE,
Silver futures on a strong selling level (Short signal).1-Buyers close positions with a good seller's volume.
2-Demand area with a strong selling key level.
3-Risk/Reward of 2.45
GC - Gold short to the Center Line
It's very nice to see how price reacted at the CL, then came back to the U-MLH.
And again price got rejected at the U-MLH.
The A/R line is broken and now price has a good chance to travel to the Center Line again.
btw: This trader has the same idea, just using another technique:
Great one, I really like this.
📈Gold 2H analysis, First day of the week📉OANDA:XAUUSD
FOREXCOM:XAUUSD
Hello Traders, please check out my previous ideas.
In my opinion, everything you need to know at this stage of the gold price movement is in the chart.
If the price breaks above the red zone or stabilizes above the 1950, the bearish scenario probably will not occur.
Targets are shown on the chart (1935 is my risk-free target).
Additional downside scenario targets are available in previous gold analysis.
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CrazyS✌
Gold 30_31 short, break the position and follow the short direct
Life is in the world, and the grass and trees are in the autumn. Whether it is a happy time or a sad moment, time is moving forward without hurry, and it will not stop more for anyone's nostalgia, nor will it speed up the pace because of whose boredom. Life is not satisfactory, the self in the past life is no longer speculable, the current self is experiencing big and small gains and losses, some mistakes are irreparable, and some beautiful fragments have become dusty memories.
Gold, yesterday's black line retracement, closed in the bald head barefoot pattern, also directly fell below the support of the short-term moving average system, the lowest touched the 24 line after a temporary stop, and the continuous rise of the market, a long time in the high sideways, if it has been maintained above the support level of operation, it is likely to be the effect of correction, such as a long time without the intention of breakout, then it is very likely to reverse the retracement, and then it directly fell below the support 30 line below, then it is very likely to reverse in the short term, at the same time, the moving average system has also broken, The weekly 5-day line also directly broke, the bulls' upward momentum is about to be damaged, and the current need to note that since it has broken the 30 line, we still need to follow the market to further short, this position is also our short-term entry point, if the European market stands at this position again, and there is no weakness, it still needs to be adjusted, and the primary support below is maintained at the 20 line, then intraday gold we still maintain short around 30-31, the target is around 20-15, loss 36.5.
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XAUUSD\GOLD - AnalysisXAUUSD\GOLD
W1 - is in the phase of a flat / sideways direction in the price section 2037 - 1678, as it is clear that the price twice after the implementation of two waves approached the price of 1814, and then after the correction - movement to the price of 1678
What can be expected now?
Presumably, the correction after the 3rd wave begins to end, which may lead to the implementation of the 5th wave and the price drop to 1814 and below.
Short
Long term - goals 1814–1678
Medium term - goals 1918-1899-1871
Gold 45-46 short, backhand short next week
When we were young, we all felt that we had superpowers, unique, and what others could not do, and when we grew up, we slowly found that we were not so strong, commonplace, and even far less than most people, often time will slowly give us what we want, but he will also slowly take away what we are reluctant to slowly take, the autumn wind is difficult to autumn wind and rain, a book of lovesickness.
Gold, Friday's non-farm rush back down, after the highest touched the 53 line began to retrace around 34, the daily line closed at the upper lead of the doji pattern, and for the previous continuous rise of the market, the pattern of the high doji may be a signal of the end of the bulls, while the non-farm rush back down also makes the market on its bulls energy will have the possibility of excessive release, and the current pressure above gold is maintained at the previous high of 48 line position, and Friday's non-farm high may also be a possibility for bearish washing, And the first support below will be located at the 30 line, this position is also the later long and short turn point, and once it continues to break, the short-term bullish counter-draw will also end, and the weekly system is still suppressed in the middle of the orbit, then Monday's trend is relatively important, if it continues to break, then the possibility of late continuation is higher, on the contrary, I personally think that the probability of a long-short reversal is greater, then Monday gold rally saw 46-47 near short, the target is around 35-25, loss 52.5.
XAUUSD SHORTGold breaks out of a 15mins bearish flag after consolidating/correcting for a very long time
