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Goldusdshort

Gold Sell Setup.This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck. Because USD hasn't risen it's interest rate (yet) which was expected because of higher than anticipated inflation and EUR rose their rate accordingly unlike USD I'm selling gold against USD because Euro's news is already out and EUR has only 4.9% inflation atm which is better with already a hike to 0.25 points which is good for their 2% inflation target and no hike yet seen in USD (only rumor 3 hikes in 2022 and early tappering (hawkish)) with 6.8% inflation (bad condition) and no hikes yet (but aggressive than EUR rumors!) which suggests buy USD as it still has rumors for 3 hikes. Even though a rate hike is good for currency and less inflation is good too which is here EURO but far aggressive rumor than EURO is still in play for USD which investors might want to take the market to for better positions when the news is out already to juice retail traders. (Assumption).
OANDA:XAUUSDShort
by alibadshah88
XAU TO RETEST AND FALLNow I see Gold hitting the 1800 level once again but after that we should be seeking to short a potential fall. We are oversold on the RSI in both the 1H and 4H timeframes. And I believe 1800 is possible since with all of this sideways movement after a significant drop, the commodity is moving sideways to liquidate and correct the fall that it did have. So look for sell positions once we see 1800 again. If not, look for a break and retest on 1785 for a sell there. And once again, this is only my bias on what I see right now. Like always, wait for multiple confirmations before making ANY positions. Trust your gut and have a safe and profitable trading week folks. God bless you!
FOREXCOM:XAUUSDShort
by UnknownUnicorn11276863
Gold very heavy, I am droping it. Hello trenders, Gold... the precious metal to back up the modern economy as we know it. Potentially to reach the last spike of 2400 usd levels or a double top but nah it will not probably. Well I got news for ya, who back up gold, (a printer or nukes) ? Can´t eat it, can´t really see it or no transparency behind the curtains, so unless used for technology (dead capital) is just useless. Is not a value on demand or indispensable to live and just because someone says is worth it it doesn´t really has a value for all. I can claim I have 1 million ton of gold in my basement and continue getting credit for a while but wait isn´t that another bubble? Will come out eventually and now seems about time. New economies are emerging with new markets and creativity including blockchain. Reasons to short: 1- Inflation adjusted chart looks bearish. 2- Indicators like CPI and momentum (RSI,MACD) are bearish. 3- the economy is not anymore centralized (stronger now, many pillars). 4- pandemic was the bottom of economy, even a bubble can´t be global. So friends to conclude I am not saying gold will crash, just can´t be so egocentric anymore. M.M.M Make Motherfuc.in Money Be wise: don´t work for the money, make your money work for you.
FX_IDC:XAUUSDShort
by DeFontain
GOLD - SHORT; SELL it!At first sight this may be is somewhat counter intuitive at first (amid the anticipated equities decline + the massive short on the Dow/Gold Ratio) but really it is not; 1) Charts (price action) don't lie; 2) The true (reliable) Safe Haven is still the Yen - JPY; (Likely more than before?) 3) Forced liquidation in the equities (and similar events) will put pressure on the PMs, even if it is only temporary; 4) The Gold/Silver Ratio; 5) Feel free to make up your own reasons. The Gold / Silver Ratio
COMEX:GC1!Short
by Nemo_Confidat
18
Gold Sell Analysis - Thursday 5th September 2019This was a pretty textbook set, which shows more potential downside movement before the bulls take back control of their precious safe haven go to. The market pushes 3 drives before a market reaction will happen. In the daily period separators, I look for the 3rd drive high and mark the fibonacci, from the highest wick to the lowest wick in that session to show levels for a short. 78.6 and 61.8 are the magic numbers as we all know, and look how beautiful their reaction was. The highs had failed to be taken, the correct price action formed on the candles, and here we have a textbook short. Looking to reach 1520 levels before a pullback. (Could be a news spike). 1700 for Gold is long term target.
OANDA:XAUUSDShort
by Bradmerry