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Goldshorts

Gold Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
FX:XAUUSDShort
by ShahedZare
1
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 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 SHORT TERM INTRADAY IDEAIntraday Analysis - GOLD - ( 7th MAR 2023 ) As per analysis last week , Price tapped into our take profit region with possibility of price heading towards 1852-1855 region. Price was setting up better sell side liquidity during the start of the month and we may see a potential shift in market structure soon as we can see new lower highs printed and failure to print higher highs. Will be primarily looking for shorts with FED CHAIR JEROME testifying tonight at 11pm SGT. A hawkish remark by the fed will bring prices of gold back down however with a dovish stance we will adapt to buys tmrw. Bias - hawkish remark by jerome - gold shorts - dollar dominance HRHR SELLS AT 1864 MRMR SELLS AT 1855 SAFER SELLS AT 1847 Will not be looking for buys in our analysis although scalp buys are valid. For new traders, watch and observe the volatility during the news and wait for better price action or retest before entering tmrw. If you want to trade, reduce risk especially during NY session tonight.
OANDA:XAUUSD
by CJ_GOLDPIPS
Medium Term Setup For XAU/USDHi Traders, I’ve got my eyes on XAU/USD today for potential shorting opportunities, Price created a double top and proceeded to break the neckline, I’ve drawn a trendline from the outer most points of the uptrend and price has persisted to breaking the trendline. We have one more barrier in the way of a potential clean move to the downside. 1841.250 is the current barrier I need taken out before looking to sell this instrument. A strong bearish closure below the key level would spark my interest. I would be looking for price to fill in the wick on the left of the range which would yield a profit target of 87 pips, At that point, I would be satisfied and close 80% of my positions where I could leave the rest to potentially breach 1832.5 and meltdown to 1825.0 for a total risk to reward of 5 to 1. We still playing around in the range of 1850.0 – 1841.250 a closure above 1850.0 could potentially send price to 1865. We will have to wait and see what the day brings, Keep in mind that we have some fundamental elements coming into play later on today (US-GDP) let's remain patient and only strike when we have clear direction and confirmation. Renaldo Philander
OANDA:XAUUSD
by Tradebudz