Sellgold
Exploring gold shorts trades.In this trade idea I am going to be exploring the idea of taking shorts on golds for the following reasons.
1. Gold broke out of the up trend.
2. Gold then created a double top pattern.
3. Has rejected the 1902 resistance level multiple times.
4. Price should then continue to the down side in order to fill in the target wicks.
5.Gold is also very bearish on the higher time frames.
I may be waiting for gold to close below the support at 1870 and once we can break that support level I may be waiting for price to drive below, come back and retest the old support as the new resistance before I enter the trade.
Short XAU/USDI feel like I'm posting the same analysis all over again. The market has been soooo slow this week, although still in line with previous post. I just want to reassure that bias is still bearish in favour of dollar strength. EUR/USD had a major collapse and still going -> refer to my monthly analysis posted a couple weeks back. XAU/USD has been holding on for its dear life, I feel like inevitable collapse is pending, with a guaranteed TP at 1700, and a potential for a much bigger move. I could be wrong. What are your views?
SELL GOLDShort Gold, It will not go beyond this level. Use proper money management Targets as low as 1740
GOLD TO 1713.35Head and shoulders formation. Right shoulder is forming, due for a mid week reversal after completing last weeks market cycle.
Gold TargetGold traget to be 44416.
50 ema &200 ema is in downtrend .
Rejection at 200 ema.
Closed below S2
Sell GoldBreak and retest of previous support/now resistance
break in counter trendline
below 50 EMA
SELL GOLDGold is approaching 1793 area. Great opportunity to short. Target 1788 Use proper money management.
Tight stops as always
sell at 1943 and take profit at 1929 so 140 ptssell #xauusd #gold at 1943 and take profit at 1929 so its 140 pts due to overbought + rsi bearish divergence + accumulation under great resistance
XAU/USD TO 1765.400Gold to complete fib retest and break monthly support at 1780.00.
Increasing value of dollar --> Decreasing value of Gold.
XAU/USD TO 1765.256GOLD head and shoulders, trading below daily levels so expect a rollover into lower levels.
XAU/USD TO 1702.96GOLD may have a miniature fib rebound a little higher, then fall to the -1.618% which correlates with the weekly level. On Tuesday Fed's chair Powell testifies and the manufacturing PMI is released, which may de-value the dollar, causing the rally into the fib zone.
Sell Gold ~651pipsThis is a tentative plan for now, I still need a setup on the 1h at this zone. If you trade this, you are on your own. I have been anticipating this level since Tuesday. I am looking to sell gold from 1896.675 for about 651pips.
***Please do your analysis, and share your thoughts. Thank you.
