GOLD BUY | Idea Trading AnalysisGOLD is moving in an ascending channel.
The chart broke through the dynamic resistance, which now acts as support.
We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Goldusdshort
XAUUSD 30m Short: Setup with Strong Seller PresenceI’ve initiated a short trade on XAUUSD at this level, observing that price is dropping swiftly. There is significant selling pressure in this price zone, especially on the futures market, which didn’t take out the high. Given the sensitivity of the price action, quick reactions are necessary, as we see how this trade develops from here.
Technical Analysis:
• The price has retraced and rejected from a key resistance zone, where sellers are currently dominant.
• Futures data reveals a strong selling interest at these levels, adding confidence to the short position.
• The trade setup aligns with momentum indicators, suggesting bearish continuation in the short term.
• Price did not clear the recent high in futures, creating a double top structure, which adds confluence for the downside move.
Risk Management:
• Stop Loss (SL): Positioned above the recent highs to minimize risk exposure in case of an unexpected reversal.
• Take Profit (TP): Targeting a reward zone based on the Fib retracement levels, where support could potentially hold. A 2:1 risk-to-reward ratio is maintained, ensuring a balanced approach to this trade.
Conclusion:
This setup requires swift action due to the sensitivity of the price action. We’ll monitor closely for further confirmation from the market. If the downward momentum holds, we expect this to be a profitable trade. Stay mindful of the risk, and adjust if necessary as price action unfolds.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
XAU/USD "GOLD MINES" Bearish Robbery Plan to steal GoldHola ola My Dear,
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Stop Loss : Recent Swing High using 1h timeframe
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Gold in the Verge of Big Drop (3/25/2024)Hello Traders
Gold prices have had some decent gains since "14 Feb 2024". in the last few days, gold dropped some gains due to DXY strengthening.
If DXY continues to strengthen itself, we believe lower gold prices are not far untouchable.
Gold has made a 12345 impulse wave (rising wedge). the price has been rejected 3 times from the upper dynamic resistance trendline. so maybe we see some big corrections in the near future.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
GOLD 30min FOREXCOM:XAUUSD
Hello my Friends, please if you like ideas do not forget to support it with your like and comment, thank you so much
Now I'm waiting for this scenario.
I really hope this will be useful for you.
Be ready and take care your money. Have a great profit !
XAUUSD
low risk,
30min,
EP1=1945.6
SL=1955
TP=1930
R/R=1,1.66
EP2=1948.7
SL=1955
TP=1930
R/R=1,3
is not financial advice
XAUUSD - Gold Short to 1000x (Updated after 24 hrs Traded) LOLTechnical: Continuation downtrend on the main channel after parabolic upswing
Fundamental: FED
Traders, if you liked this idea or if you have your own opinion about it, write in the comments.
#001 - 1000x Idea
Update after 24 hours position