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Goldshort

Gold to drop 4000+ PipsGold had been a clear down trend in early May 2023, though with the most recent pull back mainly on swing perceptive, However, after the america 4th July independence holiday with the recent double top chart formations, it becomes more clear that gold may likely drop about 4000+ pips to swing traders over the next few days,bring the price down to $1880 per ounce as gold respect round numbers. According to DANCOLNATION CAPITAL TRADING STRATEGY, We wouldn't be interested in the small retest buying currently playing out, to this double top region, Allowing price and odds to commit to our favor, with our entry strategy,,,,we shall selling all days as soon price leaves this 1930 region with a 4Hr bullish candlesticks all the way down on SWING Perceptive .
FX:XAUUSDShort
by Ejike_Odeh
5
Powell hints at 2 more hikes, sends gold lowerThe US dollar rose on Wednesday after the gathering of central bank leaders worldwide, which included Federal Reserve Chair Jerome Powell. During the meeting, Powell left open the possibility of the Federal Reserve implementing two more rate hikes this year. Furthermore, Powell stated that he does not anticipate inflation reaching the Federal Reserve's target of 2% until the year 2025. However, investors might be hanging onto the words of Powell a little too tightly considering his central bank counterparts in the ECB and BoE presented more hawkish remarks (natural for the stickiness of inflation that these regions are facing). Christine Lagarde emphasized that the European Central Bank (ECB) remains unconvinced by the available evidence inflation is falling in the Euro Area. A revision by investors might be in order. With the rise in the USD, we are also seeing selling pressure in the XAU/USD for a third straight day. Currently, gold is hovering around $1,909 and maintaining a bearish outlook, with the potential to breach the $1,900 level. The daily chart reveals that the precious metal has dropped further below both the 20 and 100 Simple Moving Averages, which are currently converging at $1,943. Among the current levels, $1,875 perhaps stands out as the most significant support level. Despite previously acting as a resistance point, it has served as a pivot on multiple occasions.
BLACKBULL:XAUUSD
by BlackBull_Markets
GOLD:1H analysisHi I hope you have made money from the previous analysis. Gold is in a very good position to enter. As you can see, gold has formed a downward trend line above the price in the 1H period. And several times the rejection from this area shows the validity of this trendline. In case of rejection again, we can expect gold to move towards lower supports. tp1: 1922 tp2: 1913 tp3: 1904 * And in case of a strong crossing of the trendline, the price will go to higher levels and this analysis is invalid.
TVC:GOLDShort
by Money_hunters
2
GOLD:1H analysisHi I hope you have made money from the previous analysis. Gold is in a very good position to enter. As you can see, gold has formed a downward trend line above the price in the 1H period. And several times the rejection from this area shows the validity of this trendline. In case of rejection again, we can expect gold to move towards lower supports. tp1: 1922 tp2: 1913 tp3: 1904 * And in case of a strong crossing of the trendline, the price will go to higher levels and this analysis is invalid.
FX:XAUUSDShort
by Money_hunters
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.
COMEX:GC1!Short
by Timonrosso
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. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
16
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 - $1929, sl 1939 Based on the US economic situation as well as the average technical analysis indicators EMA 34, EMA 89 weak purchasing power
TVC:GOLDShort
by DNA_TradingFX
18
Gold Bulls & Bears War Gold has been trading within the range of 40$ 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
TVC:GOLD
by Saibi_FX