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Goldshort

GOLD Short Trade | Analysis & What to Expect This Day |In this trading day, here what you should focus on: -Levels marked on chart and labeled as "Entry" 2025 and 2031 are possible entry points for a short position targeting sellside liquidity resting below 2000 As for SL: Price could rise to take buyside liquidity above 2041 before targeting 2000 level.. so be sure to enter after a confirmation at those marked area.. If price shows no confirmation then buyside liquidity sought after and we may look for an oopurtunity there.. The basis in my trades are confirmations and that could be found on lower timeframes such as 15,5,3,1 minutes.. Wait an uldate on this one & Good Luck!
OANDA:XAUUSDShort
by MST_Trader
Gold ShortXAUUSD has been stagnant for the past week, only seeing some volatile movement during US economic news announcements. Current pricing seems to be finding resistance at 2021.00 , so I am expecting Gold to lose a little steam now. If price goes below 2004.00 it may swing down to support 1989.00 . Sell Entry: 2011.00 Targets: 2008.00 | 2004.00 | 2001.00 | 1997.00 | 1994.00 Support: 1989.00 Be sure to like, follow, and let me know what you think in the comments below.
FX:XAUUSDShort
by DollarYenQueen
3
Preparing for the Worst: Trading Ahead of a US Debt Default "It is impossible to predict with certainty the exact date when Treasury will be unable to pay the government's bills," Treasury Secretary Janet Yellen said in a letter to Congress. Although Yellen noted a tentative date of June 1 as the due date to help spur lawmakers into action. While it is highly unlikely that the US will default on its debt, this doesn’t mean that the traders won’t make plans to deal with a default or get jittery. Two likely markets that will have to deal with the moves from these investors will be forex and gold. If uncertainties about an unprecedented potential U.S. debt default persist, the US dollar might lose some of its safe haven status which would possibly shift to gold. US President Joe Biden plans to meet with House Democratic leader Hakeem Jeffries, Senate Majority Leader Chuck Schumer and Republican leader Mitch McConnell on May 9. This will be a key date to watch the US dollar and gold in case the group come to some kind of agreement to increase the debt ceiling. With the US being the bedrock of the whole world’s financial system, we might also expect to see investors' jitters manifest in offshore-based assets too. Other safe havens such as the Japanese yen, the Swiss franc, and particularly the euro might be prime candidates for inflows.
by BlackBull_Markets