Goldshort
Gold is ready to tumble to $1,810 before the riseIf you haven't followed my analyses for the last 15 years.
You'll know, I am a BIG gold bull.
Yes I know gold hasn't performed as well as it did in the 50s, 60s, 90s etc...
But it's the tortoise of commodities with the algorithms, the exposure in longs and shorts and with the greater variety of safe-havens.
But Gold will eventually head up to $100,000 eventually.
It's a waiting game.
For traders however, there is a short opportunity for downside which looks juicy on the radar.
We see an Inv Cup and Handle on the daily. The price has broken below the brim level, and there is a current test on the resistance.
It could even break above the brim and head and test the downtrend line. But right now the opportunity is leaning more to a short and downside to come.
Other indicators confirm.
21>7
Price>200 (Price heading to this level)
RSI<50 and lower highs (Sell divergence).
My first target is down to $1,810 then we will re-evaluate the next opportunity.
GOLD (XAUUSD): What to Expect Next Week? 🟡
As I predicted, Gold dropped this week.
The price successfully violated 1924 - 1940 horizontal demand cluster.
The broken structure turned into a supply area from where we saw a strong rejection of Friday.
I do believe that the market will keep falling next week.
Next support - 1900.
If the price goes higher, watch a falling trend line.
That will be the next resistance on focus.
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23/6 GOLD ? Will the price drop to $1900The Gold price is getting a boost from economic troubles and a weaker US Dollar. Concerns about a global economic downturn are affecting investor sentiment and causing the equity markets to be generally weaker. Additionally, there is less demand for the US Dollar, which is helping support the safe-haven Gold price. The USD Index is currently near its monthly low due to uncertainty over the Federal Reserve's rate hike plans.
Gold price on June 23, 23 is falling to the area around $1910
After the news from the Fed, the gold price is negatively affected, the downtrend is dominant. Can set up SHORT at:
SELL GOLD zone : $1926 - $1929, sl 1939
Based on the US economic situation as well as the average technical analysis indicators EMA 34, EMA 89 weak purchasing power
Gold Bulls & Bears War Gold has been trading within the range of 40$ for more than 1 30 days. It was expected that FOMC will decide the way of market but the officials made it again suspensive because There was no change in Interest rates but they gave clues that they will lift it more. This hawkish statement made investors to stay back and wait for clear decision. Fundamentals are favoring the Gold like declining DXY. DXY is under pressure on the other hand, geopolitical issues are key player for boosting the bulls for gold. Russia attacks Ukraine so many time in recent days that may sky rocket the commodities. Lets move on to technicals, as long as price is above the 1920, we will expect buying as it is showing parallel channel that will pullback gold to 1970.
Key levels are clearly mentioned in the chart so please trade accordingly.
Gold expected 65 % Bulls |35% Bears
Best wishes
XAUUSDHello traders ,what do you think about GOLD? As we expected, with the meeting of the Federal Reserve last day, we saw the fall of gold, now we expect it to fall to the specified level after the pullback to the bottom of the broken triangle
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Potential Short Trade Opportunity in XAU/USD - Bearish MoBased on analysis, it appears that a promising opportunity is emerging for a potential short trade in the Gold (XAU/USD) market. The suggested entry range for sellers is between 1949 and 1951. 📉💰
Take-profit targets for this trade are set at 1945.00 and 1940.00, aiming to capture downward momentum in the market. 🎯💥
To manage risk, it is advised to set a stop-loss (SL) level at 1960.00, helping to protect against potential adverse price movements. 🛡️⚠️
Keep in mind that market conditions can change rapidly, so it is essential to remain vigilant and adapt your trading strategy accordingly. As always, exercise your own discretion and adjust the stop-loss and take-profit levels to align with your risk tolerance and trading plan. ⚙️💪
Remember, successful trading relies on careful analysis, risk management, and disciplined execution. Best of luck and happy trading! 📊💼✨
#TradingView #XAUUSD #Gold #ShortTradeOpportunity #TakeProfitTargets #TechnicalAnalysis #MarketAnalysis #RiskManagement #TradingStrategy
gold short opportunitywe have a broken OB in 15m
as the price tries to reach this area,hits a supply and reacts to that..
we can see that the liq is made just under our supply zone..
so we wait for our enetery confirmations in our specific area..
our first tp 1949 as remarked and after breaking and weakening 1949 area we have the second tp near 1937..
good luck
GOLD. Long-term forecast Many investors expect gold to continue rising due to the crisis, inflation, etc. As practice shows: one cannot count on such a bullish sentiment for serious growth. Yes, and the previous crises of 2008 and 2020 showed that gold fell along with the markets, only then it began to recover earlier. Most likely, we will see the same thing in the future for a year and a half, but we should expect strong growth for many years to come.