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Goldshort

Gold Likely to go down- ShortGold Price has broken the Upward facing trendline. Price has left the bullish channel and making HH and HL. In such a case Price seeks a support. As of current 50 SMA is at 2008 which is likely to act as resistance. 200 SMA is at 1950 which should be the 1st target (on 4H Chart) . Further , To me price will go down from 1950 to 1890 to meet upward facing trendline on daily chart. So what should the strategy? Ideally i will seek to sell Gold near 2000 to 2009 with immediate SL 2015.80 Targeting 1970 , 1950 and 1908 in extension. Do Comment on the idea and odds.
FX:XAUUSDShort
by decentshaw
Gold Analysis Converting into Bear Market 19 April 2023As i mentioned it on my videos and previous analysis that gold and face short-term price decline and can possibility hit 1910 level in up coming weeks. Well right now price has dropped from 2004 level to 1972 level which is almost HKEX:33 and 320 pips. 1976 was a critical zone and it is broken now, which is a clear indication that market has turned into bearish market. We are short from 2008 level. If you want to go into trade wait for market to retrace to 1990 level and then you can go short from that level.
OANDA:XAUUSDShort
by xeshaan
GOLD BUYWelcome . According to my analysis of the gold market, there is a high possibility of a rise today. With a re-test of the descending triangle pattern. And a strong correction on the golden ratio of Fibonacci 61%. This correction also came on a bullish flag trand. 2020 levels can be seen. And level 2030 in the second stage .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
CAPITALCOM:GOLDLong
by inv_market09
9
GOLD BUYHi, the gold market is in a very positive state. with the channel ascending upwards. And the strong correction of this wave on the golden ratio of Fibonacci 61%. Also, a very positive green candle formed on the H4 chart, and this candle came in a very strong support area, from which gold bounced previously .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
CAPITALCOM:GOLDLong
by inv_market09
6
Gold | Case StudyThe XAU/USD pair is consolidating near 2040.00, being under pressure from technical factors and waiting for the publication of US macroeconomic data. The day before, gold has shown a steady growth, reacting to the latest evidence of a decrease in inflationary pressures in the US. In March, the Producer Price Index decreased by 0.5% in monthly terms and slowed down from 4.9% to 2.7% in annual terms, which, coupled with the data on consumer inflation that came out the day before, could put significant pressure on the decision of the US Fed on next meeting in May. Investors are also discussing the minutes of the last meeting of the Fed, which were published on Wednesday, April 12, and reflected the officials' concern about the state of regional banks. In addition, the regulator allows the emergence of a recession during 2023, if external economic conditions do not begin to noticeably improve. The United States of America March US retail sales and industrial production data were released today and were mixed. Thus, the volume of retail sales decreased more than experts expected – by 1.0% instead of 0.4%, which is the second decrease in a row and illustrates the pressure on the national economy. The volume of industrial production in March rose by 0.4%, exceeding the forecast of 0.2%. We also note the latest comments of the head of the Federal Reserve Bank (FRB) of Atlanta, Raphael Bostic. Today, he said that the beginning slowdown in consumer prices and the decline in producer price inflation prove the correctness of the decision of the US Fed. The official noted that another 25 basis points increase in the interest rate would be appropriate, after which the cycle of monetary tightening could be completed.
OANDA:XAUUSDShort
by DCFX-TA
2