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SELL-GOLD

GOLD for the SELLLast day candle is going to close below the Strong Support line at 1860 which is considered a break in support. If you look at the other touches I circled, no candle closed below the line without selling for a bit. Also another reason to support this sell is the head and shoulders formation, we already have a shoulder and a head and if you look closely it’s possible a right shoulder is forming. Also the touches inside the small trend lines makes the resistance even stronger. Everything from my perspective right now leads to a sell. The only situation that could support the buyers is very convenient news leading to USD losing value. Summary: Candle couldn’t break resistance and it’s gonna close below support, while possibly forming the right shoulder for the H&S formation. I’m a buyer and a seller so I’m open minded to both options. But I realize those that are specialized in one type of order are close minded to other possibilities. So if you’re strictly a buyer and gonna comment with negativity save it 😂😂
SAXO:XAUUSDShort
by AlvinMckenzie
XAUUSD H4 TIMEFRAMEMy overall analysis on XAUUSD. Gold is respecting zones perfectly. I am waiting for price to remain bullish, range, then drop (bearish). Did both buy and sell setups just incase of what occurs at the inauguration tomorrow. If price breaks structure (purple line), I will look for buys. If price breaks rectangle box, and also green line(1863.61), I will WAIT for retracement, then buy Gold. REMINDER: Always take Profit/Partial Profit for TP1. Price usually retraces then comes back to zone.
TVC:GOLD
by JOAxAgyeman
XAUUSD SELL idea !*!*! The Fear of drop because of the Rising Wedge pattern is not over yet !*!*! At the end of last month, the Market lost the bullish strength and there was a breakout of the current key trend. Gold was very close to free-fall to 1700 But As a reaction of Joe Biden's Victory Market pushed back Gold inside the trend with a clear reversal pattern that was formed below the Major trend line. There is an Accumulation After the corona recovery which lasted for 2 months and it looks powerful. So After the market breaks the trend it is going to fall to 50% of the Accumulation and 50% of Accumulation is always the hit and run area because the market doesn't want to stay there more than a wick because if it stayed there it will again stuck in that zone for at least a month. That will be a great time for us because we can easily buy and sell in that range without losing trade, I have done it many times. Good Luck!
OANDA:XAUUSDShort
by Aadil1000x