Goldshort
Gold (XAUUSD): Structure Analysis For Next Week 🟡
Here are important key levels for Gold for next week.
Horizontal Key Levels
Resistance 1: 1968 - 1984 area
Resistance 2: 2000 - 2010 area
Resistance 3: 2034 - 2048 area
Resistance 4: 2064 - 2066 area
Support 1: 1944 - 1956 area
Support 2: 1934 - 1940 area
Vertical Key Levels
Vertical Resistance 1: Rising trend line
Consider these structures for pullback / breakout trading next week
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GOLD will fall morepreviously gold made a huge down trend to 2036 are to 2005 area.because of the strength of the dollar had been increasing.So in that case we could expect a more dollar rejection to the upside .Dollar is going up means gold will fall.Not as vice versa but direction are completely opposite .
on the other hand gold will rise fro a long term but we have to see the reaction of the gold in the range of daily channel if it breaks bellow gold should sell if it does not happen then gold will move higher again
currently gold will test the lower trend line in daily time frame.we are only looking for selling opportunities because trend is our friend.
Good luck
Analysis USDCHF : 📅 5/5/2023Analysis USDCHF :
Considering the weakness seen in the downward trend, I expect the price to return and grow up to the specified targets.
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price: 0.89140
sl: 0.88150
tp1: 0.90775
tp2: 0.91570
tp3: 0.92700
tp4: 0.93350
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👤 Alireza hajighasem : @alirezahajighasem
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📅 5/5/2023
Gold Sell Incoming?we've broken out of a nice structure we've seen price consolidating in for some time now, our first area to target will be the 2002 area and then after we break through 1998 im looking for a continuation move to the Downside of the 1951 area
if gold continues to move down we can look for the Previous Higher time frame Lows to be back tested and Respected as support! I will be keeping my eyes on this as we move into London tonight for possible ADD ON Entries
GOLD DOWNTURN NOT OVERAfter an impressive uprise, Gold pulled back below 2000 USD mark and currently remains there.
Fed is notig that given the resiliance of the inflation, the interest rates should continue to rise, until the inflation is in acceptable levels.
The rise of the value of the dollar had put some pressure on the yellow metal, taking it out of the bullish range that was formed in March.
The two indicators, MACD and RSI, are both confirming the reversal, with RSI below the 50 neutral line and MACD's histogram below 0.
If the current trend continues, the price might test levels of 1955 and 1920. In the opposite scenario, the price might reaches back levels of 2070.
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Gold shorting
The 2000 resistance line was supported twice. This time, the gold price was about to fall below the 2000 mark. Now the gold price has fallen below the mid-daily track, and the decline is accelerating.
Trading straregy:
gold: sell@2015 tp:1980
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
XAUUSD Gold outlook for asian sessionAfter a significant down trend during Tuesdays NY session, we anticipate price to continue it's retrace back down the 1900 range.
As always, we look for price to dictate which way it wants to go before we take an entry, we do not want to predict the markets, we want the market to tell us where it's going so we can get our 10+ pips, secure at least 1% and then move on to the next trade.
Updates will be posted as usual.
XAUUSD GOLD Sell ideaLooking at sells here, Gold has been particularly bearish as of late and it is not out of the question for Gold to continue down as it corrects the move from the highs.
Fundamentally and technically Gold needs to seek out a new low, and as always we are here to catch a portion of the move. Remember, we're not here to get the full move, we just want to be part of it and gain 1%.
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!
Possible correction in Gold, $XAUUSDOn the daily chart, Gold (XAUUSD) has formed a rising wedge which is a bearish pattern. This was followed by a sharp bear trap and a double rejection of the bulls at the consolidation zone.
We are looking at a possible correction in the price of gold in the coming days toward 1982/1934 zones.
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
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