XAU/USD TO 1765.400Gold to complete fib retest and break monthly support at 1780.00.
Increasing value of dollar --> Decreasing value of Gold.
Shortxauusd
ShortXAUUSDGold is in long-term down trend. Wait for reaction when price touch trend line and stat a short position...
XAU/USD TO 1765.256GOLD head and shoulders, trading below daily levels so expect a rollover into lower levels.
GOLD SHORTMy first commodities share 🤓 I managed to get a good position at 1912.64, the triple touch in this area inspired me to take a short position. A hidden bearish divergence on the daily also encouraged me. I’m adding another short position 🤞🏾
Gold monthly downside level is BROKENBecause of the broken monthly level line and it is already retested this level. I am directly bearish tonight on Gold , also because the dollar will rise and as i see on my weekly formation bar it is a shaved bearish bar which means it will go down.
Take profit around 1653.00
and stoploss 1683.00
You don't need to look hours to analyse this chart. It is simple and just follow your analytical and fundamentals
Have a nice weekend and nice trading week
React and share your thoughts what you think?
SEE YOU DOWN THERE 1500 LEVEL - SHORT GOLDGood Day Traders!
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Our gold setup:
First TP 1550 level
2nd TP below 1500 level
CL : closed above 1650.
RR > 5
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XAUUSD Anaysis: Sell ideaHey traders... I see a good sell opportunity in GOLD. Wait and sell if a breakout happens to the triangle from the lower side.
XAUUSD SHORT TERM LONG.WEEKLY DOWNGold digger this is the setup we are playing in gold for the next week.
This long is with a very easy stop and good Risk to Reward.
Will be looking for shorts on that if it goes back to
XAUUSD Falling wedge, C&H, short-mid && long analysisGeneral consensus on XAUUSD as backed by BB, KC, Volume, Fibo, the apparant falling wedge and consolidation then leading to what is now a clear cup and handle making a target short for XAUUSD apparant with also a mod-long term position in sight depending on your entry and position of course. [
Clearly investors are shaken up as a reversal on $GLD would usually indicate a lack of consumer confidence though it is clearly too soon to make such a distinction.
Targets for short, long && stop are present along with other indicators. DISCLAIMER: do not take this as investment / financial advise and make your own decisions when investing in anything: beit wallst or a dex (though clearly more volatile) investing comes with risk no matter what it is and you should always heed caution when doing so
Close and reversing XAUUSDXAUUSD going up. But breakdown levels on 1277 and 1275.3
So i close buy positions and open SEL order on XAUUSD 1274.5
SL - 1277.3
TP - 1253.6
RRR - 1:6.8
xauusd short term SHORTrsi describe divergence on the chart.
and SND resistance can not be break up 1310. short term short
Gold sell pattern. Sell XAUUSD right nowI see sell pattern on Gold. So i opened sell order on 1313.66 SL near 1321.50 because gold can make last higher correction.
TP1 - 1308.50 RRR - 0.7
TP2 - 1305.60 RRR - 1
TP3 - 1297.50 RRR - 2.1
TP4 - 1277.00 RRR - 4.76
I do not hope that Gold will quickly reach TP4. But it really can and we need to know potential.
And if gold and USDJPY has negative correlation - so USDJPY maybe go higher and higher.
Gold Investor fearing from today's NFP DataXAUUSD Technical Overview:
Pivot: 1205.45 (1198.40)
Key Resistance: 1200.20 - 1202.55 - 1205.45 - 1207.23
Key Support: 1197.75 - 1195.25 - 1191.86 - 1188.44
Technical Indicator:
RSI: Indicator shows mixed bearish trend.
Moving Average: SMA 55 (1200.35) strong resistance & SMA 100(1197.28), SMA 200(1195.45) strong support for Gold today.
Technical Trade Idea:
Most Likely Scenario: short positions below 1205.45 with targets at 1195.25 & 1188.44 in extension.
Alternative scenario: Long above 1205.50 look for further upside with 1207.23 & 1210.55 as targets.
Overall, In the absence of any convincing, clear-cut catalyst the markets have been in consolidation mode. Cleary the markets are attaching a whole lot of significance to tonight’s NFP print as the markets have remained range bound as trader know the outcome of tonight’s data can significantly shape the market’s rate hike expectations and the near-term outlook for the USD. So indeed, there a lot riding on tonight employment data. Failing any USD surprises, expect current tight ranges to persist ahead of tonight’s data.
Volume and volatility are light after three days of heightened activity earlier this week. The market has held up considerably well this week in the wake of a stronger U.S. Dollar and rapidly rising U.S. Treasury yields. Perhaps the market is being underpinned by speculators betting the Fed will lose control of inflation.The direction of the market today is likely to be determined by trader reaction to the U.S. Non-Farm Payrolls report, due to be released at 1230 GMT.
Thanks
YoCryptoManic
