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Don’t worry, your short position will be profitable! .With certain buying support, gold was pushed up to around 2415, which was also the most positive day in the past two days. Do you still hold a short position in gold? What if the short position is in trouble? In fact, I am not nervous about the rebound of gold. I think there is nothing logically wrong with holding a short position in gold, and I firmly believe that gold will fall back, at least around 2390. Do you think you will still be nervous about holding a short position in gold? For the rebound of gold today, I think it is just a technical repair, and it is far from a strong reversal. In addition, gold is still facing suppression in the 2416-2420 area and the 2430-2435 area. Without the influence of major news, it is difficult for gold to form a technical support rise in a short period of time. Then the continuity of the gold rebound is not strong, and gold will fall again. So I don’t think there is any need to worry about holding a short position in gold. On the contrary, we can’t easily chase more gold in trading.Are you still worried about your gold short position? If you don’t know how to solve the current difficulties, you can follow me. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
Gold may still point to 2350, short gold!As of today, the high point of gold is near 2398, and it has not even crossed 2400. It is obvious that gold is still in a bearish trend. If gold cannot recover 2400, it has been confirmed that huang'jin has fallen below the last line of defense of the upward channel. In addition, in the 4-hour candle chart, there is a very obvious head and shoulders top pattern, and the current right shoulder position is near 2400. If gold cannot recover 2400-2405 in time, then gold will fall further. It may even touch the 2355-2350 area again. Therefore, shorting gold is still the main trading strategy at present. Are you facing the following difficulties now? You don’t know which point to choose to participate in the transaction. If you participate in advance, you are afraid of being too aggressive. If you participate too late, you are worried about missing the opportunity. If you try all these points, the market will face a very large retracement loss against the trend. If you are currently having trouble choosing,I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together.
OANDA:XAUUSDShort
by alongwineer
6
Short gold using the 2410-2415 area as resistanceToday, gold rebounded to 2458, and then fell all the way, hitting the lowest point near 2365. We made a lot of profits in both long and short transactions today. First, we shorted gold near 2441, and gold hit TP: 2425 during the decline; when gold rebounded again, we shorted gold again near 2445 and 2452, and then we closed the position manually near 2439; then we chased short gold near 24117, and gold hit TP: 2398 during the decline; when gold fell to 2364 and showed signs of stopping the decline, we went long gold near 2366, and gold hit TP: 2380 again during the rebound. Then we chased long gold near 2390, and we closed the position manually near 2396. At present, gold continues to rebound to around 2410. I think it is impossible for gold to form a strong reversal in a short period of time after a sharp decline. Gold will continue to fall after the rebound. At present, gold is facing short-term resistance in the 2413-2415 area. If gold cannot form an effective breakthrough, it will continue to fall! So in terms of short-term trading, I still insist on shorting gold in the 2410-2415 area. What we have to do next is to wait for the rapid growth of profits! I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
1
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2458 Goldturn resistance and 2423, as Goldturn support. We currently have a candle body close above 2438 leaving a gap open to 2458. However, ema5 above 2438 will further confirm this. We also have 2438 and 2423 as bearish support targets and will need a cross and lock below 2423 to open 2407 and 2394. A further ema5 lock below 2394 will open the swing range for the extended swing. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. EMA5 CROSS AND LOCK ABOVE 2438 WILL OPEN THE FOLLOWING BULLISH TARGET 2458 EMA5 CROSS AND LOCK ABOVE 2458 WILL OPEN THE FOLLOWING BULLISH TARGET 2475 POTENTIALLY 2491 BEARISH TARGETS 2438 2423 EMA5 CROSS AND LOCK BELOW 2423 WILL OPEN THE FOLLOWING BEARISH TARGET 2407 2394 EMA5 CROSS AND LOCK BELOW 2394 WILL OPEN THE SWING RANGE SWING RANGE 2369 - 2359 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
26
In the NFP market, gold is expected to fall back, short gold!In the past two days, due to the expectation of the Fed's rate cut and the surge in risk aversion, the gold market has once again pushed up above 2460, and it is only one step away from the previous high of 2484. The rise looks particularly strong. The bullish power of gold is relatively strong, but today NFP is the key to the short-term direction of the gold market. Compared with NFP, it may still be bullish for gold, but I think there is not much room for gold to continue to rise. It is obviously not advisable to directly chase gold now. So I think it is very likely that gold will rise and then fall in the future. If gold cannot break through 2480-2485 in the process of rising, then gold is expected to form an "M" top pattern and usher in a collapse and fall. So in terms of trading, I would advocate shorting gold in batches in the 2460-2470 area and the 2480-2490 area, and then patiently wait for gold to fall back! I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
Choose to short gold firstAt present, gold has touched 2430 again. From a technical point of view, the candlestick chart is under pressure in the 2430-2435 area. Moreover, the Federal Reserve's interest rate decision will be announced soon, and gold may be in a bullish pattern before then. Moreover, the gold market has recently risen due to multiple speculations about interest rate cuts. Even if the Federal Reserve cuts interest rates as expected, gold will continue to fall after the good news is fully released. So in terms of short-term trading, first of all, I will still choose to short gold in an appropriate amount near 2430! I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
How Probabilities Help Me win Trades on GoldAs much as I want to tell you that there is some magic set up that works for me, Unfortunately I cannot because there isn't. The more I look at my own trading over the many years that I've been doing this. It literally boils down to probabilities. What is the probability that X will happen if Y happened. This is literally how I process everything and as you can see it works wonders. In this video breakdown I show you even a new trade LIVE. Admittedly, I wouldn't have taken it because it would have been counter momentum but even GUESSING I could make it work because of probabilities. The reality is that we overcomplicate what we do too much and this is really not needed. K.I.S.S - Keep it stupid simple
OANDA:XAUUSDLong
by Brandon_evo4
The DOWN wave has formed - NF next week determines the trend✍️ NOVA hello everyone, Let's comment on gold price next week from 7/29 - 8/2/2024 🔥 World situation: Gold price makes a U-turn after diving to two-week lows of $2,353 edges higher some 0.80% as market participants seem secure the Federal Reserve will lower interest rates at the September meeting, following a soft inflation report. The XAU/USD trades at $2,385 after bouncing off daily lows of $2,356. The US Bureau of Economic Analysis (BEA) revealed that the Fed’s favorite inflation gauge, the Personal Consumption Expenditure Price Index (PCE), ticked a tenth higher monthly than May’s data. It dipped as foreseen in the twelve months to June, though it’s at the brisk of hitting the Fed’s 2% goal. 🔥 Identify: Gold price has formed a DOWN trend - wave 5 ELLIOT. Still in DOWN trend. NF data will largely determine the upcoming trend - before the interest rate cut information in September 2024 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2400, $2430, $2482 Support : $2355, $2320 🔥 NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
4
THE KOG REPORTTHE KOG REPORT In last week’s KOG Report we said we would be looking for the lower levels to hold up the price, and only be looking to long into the levels 2410 and above that 2420-25. We had highlighted the region above we wanted to then attempt the short trade from which you will see was circled and price rejected from nearly pip perfectly. Not only did we get the point to point long trades which we were updated through the week, we got the pin point short as well. Now, from the level we wanted to target for the shorts, we’re in long, partials taken and protected ready for a new week of trading. Week in, week out in Camelot it’s a similar story not only on Gold but the numerous of other pairs we trade and analyse for our team. So, what can we expect in the week ahead? This is week is really important, so we can expect there to be a lot of choppy price action and whipsawing across the markets. We have FOMC and NFP this week plus it’s the end of the month, we would therefore suggest traders take it a bit easier on the markets, reduce lot sizes and play defence, only picking the best setups and staying out of the potential small ranges. We have support below 2375 and key level 2367-5 which could be potential target levels for price on opening. It’s these levels here that need hold up price to continue this structure upside into the 2295-2402 price points which for this week are key level resistance. A break of this level and above that 2410 will then take us back up towards the 2430 region and potential complete the move back up towards 2450. The range this week is bigger due to the news volume we’re expecting this week, so please be cautious. As above, t's that 2410 level, which, if approached needs to be watched carefully, a set up there with a clean reversal could give those looking to short an opportunity to again target the lower support levels 2355 and on the break, 2330-25. Ideally, if we can get down into 2325-20 we feel the long trade awaits us. We’ll update traders as we go through the week and of course we’ll publish the FOMC and NFP KOG Reports. Key levels for your charts: Support – 2376 / 2365 / 2353 / 2341 / 2330 Resistance – 2388 / 2399 / 2410 / 2420 / 2435 Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
12
Short gold!Today, gold rebounded all the way to the 2390 area, but it is still blocked in the 2390-2395 area and has not broken through the key key level. Gold is currently just rebounding and cannot be characterized as a reversal. In addition, the short trend of gold has not changed, so even if it seems to rebound strongly, it does not affect the short trend. If it falls too much, there will naturally be a rebound, so there is no need to worry about the current rebound trend. So in terms of trading, what are we waiting for? We will definitely enter the market to short gold without hesitation, but with the rebound, our target needs to be adjusted appropriately, and the short-term target is the 2370-2365 area. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
+$374.00 on Gold Call Today What is up traders, Brandon here - Absolutely lovely call on Gold this morning. Below are the links to all the minds that I would have posted before and after the trade itself was taken> www.tradingview.com www.tradingview.com www.tradingview.com www.tradingview.com www.tradingview.com www.tradingview.com www.tradingview.com I like showing all the receipts because this gives clarity, you get a good idea of before and after. I hope you understood where I was coming from with this one. Have a great rest of your day - see you guys soon =)
OANDA:XAUUSDShort
by Brandon_evo4
Start shorting goldThe magic reappeared, and gold once again reached the target area of ​​2420-2430 as expected. We have gained a lot in long positions in the past two days. So what everyone is concerned about now should be whether gold can continue to rebound? Or where can it rebound in the short term. In fact, from the current structure of gold, gold is now facing resistance in the 2430-2435 area, because gold has fallen from 2484 to around 2384, and the 50% area is just around 2433-2435; and even the 61.8% area is only around 2445, so after the rebound of gold, it is facing resistance in the 2433-2435 area, and there is resistance in the 2440-2445 area above. I think gold may usher in a correction at any time in the short term. In addition, from the US dollar index, the US dollar has been supported near 104 since it broke through 104. The US dollar still has the potential to continue to rebound with this support, which will suppress gold to a certain extent! So, for gold trading, I think we can start trying to short gold in the 2430-2435 area.I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
3
Gold Absolutely Destroys Sellers, Simultaneously fools BuyersWhat's up guys, I hope this message finds you well. It appears that gold did actually play out almost exactly like I wanted it to and surprisingly I was right. Here is the link to the original analysis - www.tradingview.com The good thing about this is that due to it being a news event I wouldn't have been able to engage anyway until maybe after the event but had I engaged I would have absolutely been right. Also You'd realize that I don't just call out buy here or sell there without an explanation. I do this for 2 reasons. 1. I believe in order for you to get better you need to be able to explain what it is you think you understand to others in a way that helps them understand And 2. If as a trader you don't like over-explaining\analyzing things.. I got some bad news for you buddy, this may not be the correct industry for you. You have to be able to explain why you are taking specific trades even if it just to explain it to yourself. If you cannot do that then taking the trade is likely ill-advised. Hope you enjoy this one, have a good rest of your day, see you guys soon!
OANDA:XAUUSDShort
by Brandon_evo4
7
Gold fell as expected, making a huge profit of 500pipsThe magic was successfully demonstrated, and we finally met at 2430-2420! In the past two days, I have been emphasizing shorting gold and setting a target: 2430-2420. And the day before yesterday, I also emphasized in the article that shorting gold in batches in the 2470-2480 area, the target is 2430-2420. Today, gold continued to fall, and the lowest has reached around 2404. Perfectly hit our target area, we successfully made a profit of 500pips, a great deal! At present, gold has fallen sharply and has continuously broken through multiple short-term supports. Now it is not just a correction, but the market sentiment venting and the selling of chips have formed a combined force to stimulate gold to form a new downward trend. At present, gold has fallen below the support near 2410, and the short-selling counterattack has strong potential. At present, there is no technical structure to support the rebound of gold, so I think gold will definitely test the 2400 integer mark. If gold falls below 2400, then gold may accelerate its decline to the 2385-2360 area in the future. So in terms of trading, don't go long on gold for now; but the market won't give us a good position to go short easily. So what we have to do now is to wait and see! Of course, if gold has a chance to rebound to 2420, we can go short on gold. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
See you at 2430!Gold rebounded again after a pullback to 2452, but during the rebound process, it only reached around 2475. Compared with the high point of 2484, the high point is gradually moving down, so the low point should also gradually fall. From the structure, gold is very likely to build a secondary peak in the 2475-2480 area. Once the construction is successful, the decline of gold will trigger a sell-off, and gold is likely to usher in a waterfall-like decline in a short period of time! Moreover, after gold rose rapidly to around 2484, short positions were basically swept away, and the market was enthusiastic about going long, especially when gold rose by $2, the bullish target could be set at 2500. So I have every reason to believe that gold is suspected of tempting to go long during the rebound. Then gold is likely to be brewing a downward trend to eliminate most of the long positions in the market and increase market liquidity! I currently still hold a short position near 2478, and the target is still in the 2430-2420 area. Let us wait and see, see you at 2430! I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
4
Short gold, target 2430-2420!Good afternoon everyone, I am still holding a short position. I am optimistic that gold will fall back to 2430-2420, or even 2420-2410 area. From the chart, we can see that the current high point of gold near 2482 is exactly the top range of the daily chart, so there is a possibility that it will encounter resistance and fall. The bottom of the daily range is currently at 2300, which is definitely a bit far for us. However, we can also look down step by step from the high position. After breaking through the high point of 2482 today, it has retreated to around 2460. The hourly chart range has been broken. From the current point of view, the bottom of the hourly chart range is around 2430-2420. Therefore, there is a high probability that gold will have a deep correction space in the future. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
Start shorting gold!Today, gold still maintains an upward trend, and gold is currently trading around 2420. Everyone must have questions, whether the bulls will continue to rise, or wait for the high point to pull back, I think this is the most concerned issue for everyone at present! In fact, I am not optimistic about how high gold will continue to rise. Although gold has risen to around 2420, it seems strong. However, gold has never been able to break through the left shoulder of the daily head and shoulders top pattern during the rise, so the daily head and shoulders top pattern still holds! The rise in the right shoulder of gold is not strong, so we must be careful of the shorts counterattacking at any time. So in the next transaction, we can't be too aggressive in going long on gold! Be careful of the trend of gold falling after rising. Once the decline of gold causes selling, it will be difficult for long positions to get out of trouble; in addition, the US dollar index has also touched the support position in each cycle, and the support rebound of the US dollar index has also suppressed gold to a certain extent! So in terms of trading, I don’t advocate going long on gold at present. On the contrary, I prefer to go short on gold at a relatively high level, and then wait patiently for gold to fall!The main focus on the upper side is the 2425-2430 area resistance, and the lower side is the 2400-2395 short-term support, followed by the 2385-2380 area support. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
2
CPI - Will Gold price touch 2400 ???⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices saw a third consecutive day of buyer interest, despite trading below the week's peak. Traders appear hesitant, awaiting US consumer inflation data to guide near-term strategies. This information will influence Federal Reserve decisions on interest rate cuts, impacting USD demand and potentially providing momentum for gold. ⭐️ Personal comments NOVA: Gold price is in the bullish range - wave 3 of H1 frames waiting for a break in the 2384 area. The price will show positive signs if today's CPI supports Gold ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2338 - $2340 SL $2332 TP1: $2348 TP2: $2355 TP3: $2370 🔥SELL GOLD zone: $2398 - $2400 SL $2405 TP1: $2390 TP2: $2380 TP3: $2370 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
3
Bullish on Gold and SilverHey everyone, I'm back with another update on Silver and Gold 🤓 A month ago I showed you how Silver and Gold might react in June and their movement wasn't too far from my expectations. Both Gold and Silver followed their seasonality direction for June (a bearish move). Now as we passed a week of July, Silver and Gold price actions suggest that they are willing to follow their seasonality pattern in July as well; if so, we will see a nice rally higher towards the upside targets I highlighted on the chart. What will give us the confidence to stay bullish? The market remains positive on the September rate cut. For example, if the CPI number comes lower or equal to expectations this week, it can strengthen the market sentiment on a 0.25% rate cut in September. How about the price action? Well, it's a bit tricky here, but for Silver, I can say a daily candle close above $32 and for Gold above $2432, is a strong confirmation for them to hit higher prices. Watch out for corrections these days, as they can be surprising and might be fast and sharp. But don't worry until we call these down moves a "correction" 😊. As we are bullish for the long term we see corrections as a buying opportunity 😉 What's the target? In the coming months, maybe July and August (we cannot time the market), in case of getting the above-mentioned confirmations, Silver can hit $36.4 and Gold can see $2580 and higher. Additionally, a DXY daily close below 104 would be a cherry on top of the cake.
OANDA:XAGUSDLong
by SamanFx0