Goldshort
Gold: Having a 'Metal' Breakdown 😫The price of gold is currently experiencing a notable downward trend, aligning with our initial predictions. Anticipating further declines, we foresee the price dropping below the support level of $19 000. This descent could lead to the formation of the low point for the orange wave iii. However, we maintain a 25% probability of a potential upward movement. In an alternate scenario, the price would need to establish the blue wave alt.(ii) within the $2014.8 to $2064.5 range before beginning its downward trajectory.
(Gold) : Possibility of Going DownHello guys, I hope you are all doing well. I think gold will fall at least until 1912 and then it will reach 1810 in steps. Also, I can see a Triple Top pattern on the daily chart that is happening, which makes me more determined to go for selling gold.
May you all be PROFITABLE,
Gold showing a big bearish pattern brewing Inverse Cup and Handle seems to be forming on the daily chart for gold.
This does not give safe-haven vibes. Unless it's for a short.
If the price breaks below the brim level (support), we could see downside to come for the metal.
Other indicators confirm downside.
21>7
We just need the price to break below 200MA and it's all down from here.
RSI<50
Target 1 will be at $1,710, around where the recent support levels were.
📈XAUUSD, still looking for sell pos📉OANDA:XAUUSD
FOREXCOM:XAUUSD
Gold analytical series, Episode 26
Hello Traders, please check out my previous ideas.
As long as the price is below the middle Bollinger line, any price move to cross this line is a sell position for me.
If the price breaks above the midline and stabilizes, the scenario will change.
targets are on the chart.
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Weakness in global markets threatens gold's well beingIn tandem with our expectations, gold dropped below $1,910. Significant developments accompanied this movement on the daily chart; RSI, MACD, and Stochastic continued to form bearish structures, and ADX began to rise (indicating a growing trend). As a result, we remain bearish on gold in the short term and expect it to test the $1,900 level. If it breaks below this level, it will further bolster a bearish case. In such a scenario, we will watch the support near $1,893 and its ability to hold selling pressure. If it is also broken to the downside, we expect gold to drift toward $1,875. As a result, we still wait for a better price before committing more capital to the asset.
Illustration 1.01
In the previous article, we highlighted how MACD was approaching the midpoint on the daily chart. The yellow arrow indicates a bearish crossover.
Illustration 1.02
The picture above shows the daily chart of XAUUSD and two simple moving averages. The yellow arrow indicates a looming bearish crossover between the 20-day SMA and the 50-day SMA.
Illustration 1.03
Illustration 1.03 shows the daily charts of various indices. We would like to reiterate that weakness in global markets continues to present an obstacle to higher prices in gold as investors might be forced to sell it in order to cover losses elsewhere (this was a widespread phenomenon during 2022).
Technical analysis
Daily = Bearish
Weekly = Bearish
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
GOLD SHORT SCALP SIGNAL 15 MINHello friends,
I have previously announced the long-term analysis of the global gold market in higher time frames. I recommend that if you haven't seen that chart, be sure to take a look.
However, in this time frame, we can take short-term trading opportunities with a scalping approach and risk for logical rewards. I have identified two positions for you.
It is worth mentioning that these positions do not contradict the long-term analysis.
Also, please note that this trade carries a high level of risk, and capital management should be carefully considered.
Wherever you are, be happy and profitable.
Gold 19-20 short; continue to short unchanged
Gold fluctuated slightly on Friday, with no intention of breaking through. After four consecutive days of decline, this move was unexpected. We had expected a new round of decline on Friday, but after all, it did not It can come true. Fortunately, since this wave of decline, the possibility of a later breakout is very high, and the sideways fluctuations in the small area are also brewing for the next wave of market prices. The transformation of space will further strengthen the later actions, and the current pressure on gold is maintained at the 20-line. On the one hand, this position is the top-to-bottom transition in the previous period, and it is also the high point on Friday, and it is also the suppression of the daily short-term moving average. At the mouth, it is difficult to break through this position when the short position is established. However, in the near future, during the continuous downward process of gold, it will be gradual and at the same time, it will still accelerate when the energy is exhausted in the later stage, then the first target below If it breaks below 1900, you can continue to look at the position around 1870-1850. Next Monday, we will short around 19-20 for gold, and the target is around 10-05
Gold 24-25 is short, and the interval is broken and short.
Gold, once again rose and fell back yesterday. Stimulated by the news in the U.S. market, it quickly rose above 30 and then began to fall. Fortunately, this upward move was only a short-term short-term wash. Continuity, then gold is still in a short position at present, the daily moving average system is under pressure, and the long upper lead formed by the rise and fall can also promote the development of short positions in the later stage, and the current support below gold will be Continue to maintain around 05-00, this range is also the position of the top-bottom transition in the later period, but with the continuity of the short position, the current operation is also a bit simple, although sometimes there will be sudden washing, but the overall general direction Still unchanged, and from the performance of the European market yesterday, we can also see that in the case of the previous day's breaking low, the European market has been slow to move, but has the intention of a reverse breakthrough, so before the US market, we still need to Adjust the short-selling point, which has been emphasized more than once, and it is currently maintained at the 25th line of the anti-drawing point in the US market. In this short-term, if it touches the position below this position, it can still be short-selling, and the short-term gold anti-pumping point will see 24-25 Nearby short, the target is around 15-10.
Will Gold Continue to Fall?
Gold, the bears made another effort yesterday and broke through the previous support line 20. This action also fully demonstrated the short-term short-term downward demand. The daily line continued to close at the negative line, and the moving average system was suppressed. This is a relatively obvious short-selling signal. Then in the short term, we still need to maintain a short-term thinking to operate, and the first target below is maintained around 1905-1900. Once it reaches this range, there is likely to be a wave of small corrections. But the strength should not be strong, and the current pressure on gold is to maintain the top-to-bottom conversion position. At the same time, yesterday's anti-drawing high around 1927 can also be used as a key reference position for the day. The range of retracement should not be very large, because if the range is too large, it is likely to lose the motivation to continue to fall. In the short term, we still wait for the shorts to retrace and continue to short sell:1922-1924 TP:1910-1905
XAUUSD Daily breakdownGold closed below the 1922.62 support level - in the past when price has closed below here we see price tap 1903
With this in mind, the most optimal trade entry would be taking a sell at 1927 - why? because if you look at price action in the past, there is always a tap on that price level as price moves down and we haven't seen that yet.
Keep in mind we have CPI news today for the USD so we will have volatility no matter what, we may wait until after news to take trades to be safe.
GOLD (XAUUSD): Important Breakout & Bearish Scenario Explained🥇
The thing is that Gold broke and closed below a key daily structure support yesterday.
The closest strong support now is 1907.
Taking into consideration the fact that the market is bearish since the middle of July,
probabilities are high that the market will keep falling.
Next support: 1907
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SHORT FOR GOLD WHAT ARE YOU WAITING FORAT 04/05/2023 the price was so expensive 2068 and there was a big resistance
I used my Strategy and my system (You can ask for the strategy i use)
As you see THE BC i calculated by using Fibo retracement
AND the target with trend base fibo extension
i'm pretty sure the price will go down till 1712
Gold short-term is still shortwww.tradingview.com
Gold, the bears made another effort yesterday and broke through the previous support line 20. This action also fully demonstrated the short-term short-term downward demand. The daily line continued to close at the negative line, and the moving average system was suppressed. This is a relatively obvious short-selling signal. Then in the short term, we still need to maintain a short-term thinking to operate, and the first target below is maintained around 1905-1900. Once it reaches this range, there is likely to be a wave of small corrections. But the strength should not be strong, and the current pressure on gold is to maintain the top-to-bottom conversion position. At the same time, yesterday's anti-drawing high around 1927 can also be used as a key reference position for the day. The range of retracement should not be very large, because if the range is too large, it is likely to lose the motivation to continue to fall. In the short term, we still wait for the shorts to retrace and continue to short sell:1922-1924 TP:1910-1905
GOLD 1H 160pipOANDA:XAUUSD
Hey there dear attendants
It will be a pleasure if you could brace me with your supportive likes & comments if you would have tested my strategies
Lets see what happened and break the leg 😍
Hope to benefit for all
So excited 😝 looking forward from hearing from you
Wish the best
XAUUSD low risk
EP1=1930
SL=1935.5
TP=1914
R/R=1,2.9
is not financial advice
XAUUSD Gold sells on lower TFLooking at further sells predominantly on the 5 minute timeframe, easy scalp for 10-20 pips with stop loss greater than the current range.
Previous trade we got stopped out at break even so this could be a second try at price making its way out of the range towards the next level.
📈XAUUSD analyis, The first day of the week📉OANDA:XAUUSD
FOREXCOM:XAUUSD
Gold analytical series, Episode 25
Hello Traders, please check out my previous ideas.
targets are on the chart.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
CrazyS✌