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Shortgold

Catching the breakout in US dollar, finally, triggered NAS/GoldIn this video, part 2 of the day's NY trading, NAS and Gold were triggered. Should be one or the other but for demonstration purposes, both were taken. Thankfully both are at breakeven. However, it's not been the kind of day that we would have hoped for. Really choppy out there as has been the entire week - horrible conditions despite catching some good high-quality setups and positive outcomes. Anyway, we have had all of the catalysts that were on offer today with the UMich December US prelim consumer sentiment 66.4 vs 65.0 expected that should have been immediately positive for the US dollar, Instead, there was a barroom brawl that came of it before the final break out in the US Dollar for fresh highs on the day. This triggered the NAS and Gold shorts. Tareggted daily ATRs on both. However, we are now in the corrective territory and will not be surprised if breakeven stops are triggered, considering the current conditions of the market - horribly choppy!!
TVC:DXYShort
by Ross-J-Burland
XAUUSD By HesamUNTHey traders as i said before, we had a strong Supply Zone at 1805 and I was bearish on that Zone after sell pressure, the Price come back and break up this Zone it means bulls collect this sell pressure also, I was bullish about that move and the target is 1900 $ u can check both of em the bullish and bearish move now I'm expecting some selling pressure in this Zone, which means we can go back to the lower zone at 1810, it will b the second target we need 2 breaks 1810 for trend confirmation, after that, we can touch 1774 and confirm By Dynamic level Yellow dynamic levels will b confirmation for short and mid-term oscillation, so after breaking down dynamic level, we can aim for the last target which is 1735 - 1730 and confirmed by Fib EXT and Demand Zone so, that's my move what u think ? Share your chart and leave a comment
OANDA:XAUUSDShort
by HesamUNT
1
Short XAU/USDafter the FED last meeting on 14.DEC . the FED will raise rates to 4.5% then the next meeting will contuine to raise again ,so the raise rates will continue in 2023 so we can see the more declining in gold , therefore the gold will decline the strongest resistance here is between 1800-1820 rhen we are going down to 1700-1730 (support) then going to down at the level at 1620 strongest support, three bottoms here that mean if we reach at this level this will be the fourth bottom , the most likely will happen to break $1620 as the recession fears will continue in 2023
OANDA:XAUUSDShort
by KPR-Investment
Taf's Gun to the HeadTrade Idea: Sell Gold at Market Reasoning : Looking at bullish momentum to continue on DXY on the backdrop of strong support at ichimoku SSB zone.The hourly shows a potential bullish head and shoulders pattern as well. So on that looking to sell Gold at resistance zone 1711-1714. CPI figures could give volatitly so be careful on stop loss. Entry:1707.85 TP:1678.83 SL:1719.55 RR: 2.48 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
FOREXCOM:XAUUSDShort
by Signal_Centre1
Revisit 16xx Area Again For Gold?Sudden spike of gold yesterday just didn’t impress the bullish party(at least I am one of them who didn’t impress). So in my opinion this time gold has good chance to break below 1700 area again or at least test 1711 price. I prefer to put pending order to sell around the area I have defined s selling zone. My personal target profit zone is somewhere around 1677-1685. And overall trend is being showed by ichimoku is bearish. Trade well and wisely.
FX:XAUUSDShort
by HendyHalim
GOLD SILVER RATIO as a guide for TRADING DECISIONSCenturies ago when the gold and silver standards existed the Gold to Silver ratio was fixed at 15. Decades ago the ratio was 55. The US dropped the gold standard in 1971 ( Thanks Richard Nixon ?) In floating since then, the ratio in modern times has been 75/ It can be said that below 75 gold is undervalued in comparison with silver while over 75 it is overvalued in comparison. At present since April 15th ( IRS demand tax returns and payments) the ratio has consistently risen. Trading Ideas from this: Traditionally, an investor would now sell gold and buy silver at a ratio of 75 to 1 meaning sell quantity of gold for instance 5 ounces and then buy 375 ounces of silver with the proceeds. Using the XAUUSD and ZAGUSD, a swing trader would short sell spot gold and go long on spot silver. An options trader would buy a put contracts in a gold junior miner stock and then hedge with call contracts of equal value in a silver junior miner stock The above, are basic examples of how to use the gold to silver ratio as a basis in trading decisions. The link below is a more detailed explanation of this.
OANDA:XAUUSD
by AwesomeAvani
2
XAGUSD SWING SHORTSpot Silver has been in a general downtrend albeit it with a short rally. On the weekly chart the context of the rise in the stochastic RSI to over 60 and the MACD approaching a K and D line touch as well as the print of a weekly candle as a red Doji after the recent federal minutes release and another federal calendar event on 8/22 I will take a short on spot silver. The stop loss will above the POC of the high volume area on the profile or $20.2 for a $0.4 less while the target will be just above the recent market low on July 11th at $18.15 ( green horizontal) for a profit of $1.65 per . This makes for a reward to risk of about 4.
OANDA:XAGUSDShort
by AwesomeAvani