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SELL-GOLD

XAUUSD Shorts (Daily)Waiting for a retracement to retest the wedge and then continue breaking downwards. I don't see price making a big bounce to the upside because I think the deal has been sealed for gold to the demand (support zone) - and then we may see a reaction with gold longs. Before we can have the shorts, I think it's very reasonable to expect a modest/smallish bullish retracement (daily chart wise) and then a continued dump by what a very dominant $$$. TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
OANDA:XAUUSDShort
by nick2497
SHORT on GOLD XAU/USDI am shorting gold as the 4hr timeframe has major divergence on the RSI and there is a nice head and shoulders pattern on the 1hr timeframe. Price has also broken below a major support zone and has already retested it as resistance. Once price breaks the neckline of the Head and Shoulder pattern it should fall. Here is the trade I will be taking on this pair. PAIR = XAU/USD ORDER TYPE = MARKET SELL NOW LOT SIZE = LOT SIZE = Micro lot (0.01) (0.02) ENTRY PRICE = 1806.561 STOP LOSS = 1808.08 TAKE PROFIT = 1799.40
FOREXCOM:XAUUSDShort
by TB305
1
Potential XAUUSD Short - FED rate moveThe break of the level 1757-62 can result in the price of XAUUSD falling into the 1740s, further break can lead to 1730s or even lower. A lot of liquidity below 1762. Bullish sentiment is very high. Most broker sentiments shows 70% + clients being net long vs 20-30% net short, as well as change in percent of 17-22% from sell sentiment to buy sentiment this week. These buys ideas can potentially be liquidated. Downside Key levels : -1757 -1744 -1737 -1729 Upside Key levels : -1775.5 -1784 -1895 Trade safe, Have a good holiday. Market can be very volatile nearing the end of the quarter. This is not a financial Advice.
OANDA:XAUUSDShort
by Ab1sh
5
XAUUSD Trend and Fib Critical LevelSilver troy ounce (31.10 gram) 28.15 USD (percentage of 0.45, Strong Buy signaling) and Platinum , 1151.1 USD (0.45 of pct, Buy). Ounce palladium 2781 USD (%0.11) costs for traders. Copper 1 pound (0.4535 kg), 4.5375 USD (with the percentage of 1.17, Neutral) is being traded at the time written. Besides this, XAUUSD, spot gold (oz), 1879.6 USD (%-0.89, Neutral) is going along its trendline. American Dollar index (DXY) 90.509 is pushing itself (%0.5 Buy) on the line again. USDTRY is signalling Buy along with the price of 8.4171 TRY (%-0.1635 ) and USDTRY is signalling Buy along with the price of 8.3818 TRY (%-0.042 ) and Euro TL (signalling Buy) is currently being traded with 10.1601 TRY (pct -0.09437).
OANDA:XAUUSD
by BorsaMerkezi
XAUUSD is a classy instrument !The chart has returned to its resistance zone, moreover the RSI indicator showing some bearish signals as the peaks in price are ascending while on the RSI indicator those are descending! We speculate that the previous supporting line should be considered a proper target for this trade but we must take our attention to the RSI because its near to the oversold zone(30). In this situation if the RSI falls to the oversold zone,we do a partial exit and risk free the trade in order to avoid any loss and take some profits. A trend reversal is probable in over sold zone of the RSI so take that in mind that the most crucial and important aim of a noble trader is to preserve the fund. Have a nice weekend guys!
OANDA:XAUUSDShort
by khanzadiashkan7
3