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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Goldshort
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.
(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,
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 H4 - Short SignalXAUUSD H4
Again, following on from yesterdays video analysis, we could expect to see this 618 fib zone, H4 and D1 resistance/supply price hold. Very early on so far in the week, not a massive amount of expected movement/data today.
Looking for shorts around current price to 1945 if we can start to hold resistance here as we open up the trading week. DXY looks like it may have some more downside, but lets see if XAUUSD can just consolidate until the dollar is ready again.
XAUUSD – are the bears ready for action again?? 25 Aug, 2023The vital support at 1915 was broken by the bears a few days ago, but the bulls took over and stopped further gains. Price is back at that area again. The daily candle of 24 Aug can best be described as “indecisive”. The overall flow I the market is to the downside and my bias is in line with this.
If we get bearish indication as I expect that we will,
Entry should be below the low of Thu candle
Stop should be above the high of Thu candle
Initial target can be at 2R subject to an extension lower if PA suggests.
If however, we see a bullish continuation move, my analysis would get negated.
Being prepared for the unexpected is a good idea in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more.
What do you think about this trade idea? Please comment and share your thoughts!!
XAUUSD / GOLD WITH 190+ BEARISH PIPSGold has been a consistent rise in price in the most recent times,
Bullish day traders has been a steady cash out but from what the chart formation is painting currently,
A massive retracement (Bearish) moves is eminent that may likely drop about 200 pips as the market opens for the new week
According to DANCOLNATION CAPITAL TRADING Strategy, we shall be trailing the moves on intra day and day trading perceptive to catch the most of the moves
Gold is short 44-47, patiently waiting for the retracement
It’s another trading day after another week. This week we have experienced a roller coaster. Some are happy and some are sad.
Gold rebounded again yesterday and once again set a new high in the near future, reaching around 48. In the short term, It also continues to maintain its consolidation above 40, but the performance during the day is flat and there is no intention to advance. This may be related to Friday’s non-farm payrolls. Generally speaking, this week, although there has been a breakthrough, the volatility is not large, so this week The non-farm payrolls of 5 are what we are looking forward to, and should once again make a new unilateral trend. At present, gold continues to maintain a small fluctuation. It is no longer recommended to enter the market in the short term, while the upper pressure remains around 48. , at the same time, today is also the last trading day of this month, and the monthly line will also close. According to the current form, the monthly line will also close at the negative line form of the lower lead, and the daily line will continue to rise, and the support below will also A series of barriers have been formed. First, the first support will be maintained at the 35 line, and the second support will be maintained at the 25 line. In the short term, we are still relatively short on gold. If it reverses around 46-47, we will continue to short, and the target Looking at 35-25, the loss is 52.5.
GOLD (XAUUSD): Your Trading Plan For Next Week 🥇
GOLD perfectly respected a contracting supply zone on a daily time frame,
based on a major falling trend line and a horizontal resistance.
Next week, pay attention to a double top pattern on a 4H time frame.
If the price breaks and closes below 1934 - the neckline of the pattern,
a bearish continuation will be expected at least to 1926.
Because the market is trading in a bearish trend since May,
I remain very bearish biased.
However, a bullish breakout of the underlined blue are may trigger a strong bullish wave.
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GOLD ANALYZE H1 Hello Dears
Due to the correction of the price in the dollar index and also the reduction of the upward momentum in the gold trend
and hitting the resistance zone
We expect the price of gold to take a short break
This correction can be up to the bottom of the ascending channel or the price of 1930.
Note that if the price correction has a high momentum, there will be a possibility of touching the lower areas.
I wish you the best wherever you are
I will be happy if you share your opinion with me
XAUUSD LIKELY BEARISH SCENARIO hello traders after an analysis on xauusd my opinion of gold is bearish
after a turbulent friday caused by NFP and unemployement rate fundamentals the daily candle closed as a inverted hammer indicating a bearish sign the candle rejected a bearish trendline gold has been following for a while now.
the last two weeks of august gold started a correctional bullish movement that pumped from the 1900s to the 1940s creating a bullish correctional trendline ,
i believe if bears manage to break that trendline we will likely see gold continue his overall bearish movement maybe back to 1900s.
this is just a probable scenario nothing is confirmed and anything is possible the break out of the trendline and the key level will be a good confirmation
📉 GOLD Analysis: Bearish Divergence & Double Top Reversal 📉📉 GOLD Analysis: Bearish Divergence & Double Top Reversal 📉
#TechnicalAnalysis #GoldTrading #BearishDivergence #DoubleTopReversal #InvestmentAnalysis
Hello Traders! 👋 Today, we're diving into a detailed technical analysis of Gold (XAU/USD) on the 1-hour timeframe. Strap in, because there are some interesting findings to discuss.
📈 Overall Trend: Bullish
- The overall trend for Gold has been bullish, which has been evident in the recent price action.
🐻 Bearish Divergence:
- However, a concerning sign is the presence of bearish divergence on recent Higher Highs (HHs). This suggests weakening upward momentum and potential reversal.
🔄 Double Top Reversal Pattern:
- We've also identified a classic Double Top reversal pattern, a bearish signal.
💡 Summary of Technicals:
- Bearish Divergence
- Double Top Reversal Pattern
- No trend continuation patterns detected
📊 Trade Setup:
- Short Entry: 1938
- Stop Loss: 1953
- Take Profit 1 (TP1): 1923
- Take Profit 2 (TP2): 1908
📅 Seasonal Pattern:
- It's worth noting that historical data from the past 10 years indicates a bearish seasonal pattern for September.
📆 Time Cycle:
- Additionally, the weekly cycle suggests a bearish bias.
💼 Investment Advice:
Considering the technical signals, seasonal pattern, and time cycle alignment, it's prudent to consider a short position in Gold (XAU/USD) at 1938 with a stop loss at 1953. Potential targets are TP1 at 1923 and TP2 at 1908.
However, always remember to manage your risk appropriately and use proper risk management techniques. The financial markets can be volatile, and it's essential to have a well-thought-out trading plan.
This analysis is for educational purposes and does not constitute financial advice. Make informed decisions, and trade responsibly. 💼📉
Good luck, and happy trading! 🌟