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GOLD short term SHORT swing trade | long term LONGGold has been quite bullish lately. Most of our TA is indicating it will keep increasing; however, in the short term we may see a small correction back to the support line ~2036. This support line; based on our TA, may hold and then the price continues to increase. However, if it fails there may be a potential dump all the way back to the 2005 range. In this example above you may see that on the 1 Day Gold still remains quite bullish, even if there is a chance of slight swing correction downwards. Even on the 1 Hour, you may see we are still technically bullish, however our Cipher signals and Boom Meter Bar Colors are indicating potential for a small dump incoming. Likewise once we activate our other core Indicators we can see all but Volume has produced a Sell Signal. Please use caution, this is simply potential for a SHORT TERM swing trade in SHORT direction. However, long term Gold may still remain quite bullish.
OANDA:XAUUSDShort
by YinYangAlgorithms
GBPCAD: READY TO SHORT SOON!We got a confirmed bearish trend change for GC (2 LL and 2 LH is what I look for to ensure I do not fall for the trap of a fake trend change!) Now looking for trend continuation to take a short trade. Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK! This is looking like a very yummy short! Follow and Stay tuned my friends ;)
Short
by RomanaTrades
💡 XAUUSD: Analysis December 21Gold D1 decreased yesterday, but the price bar had a narrow range so it did not show strong downward pressure. Yesterday's D1 bar fell inside the previous D1 bar to create an inside bar model, showing cumulative price compression. The main structure is still the larger inside bar model in D1, so we have a double inside bar, showing deep price compression, easily leading to an explosive period of large price fluctuations. Gold D1 is moving sideways, more inclined to the uptrend. H1 gold is adjusting down in the downward sloping price channel, after the recent price increase. The chart structure is still more bullish in H1. The trading idea for H1 gold today continues to be buying, including buying from the trend line below, or buying deeper.
OANDA:XAUUSDLong
by Stone_Haven
EURUSD in Intraday Correction Phase, Bullish on the SwingEURUSD 4h ABC corrective wave AS EURUSD is in Bullish Trend, this a counter trend trade with loss Risk: Reward. This trade will be not valid if the price action breaks the 1.1010 and close. SL @ 1.10105 Entry @ 1.0960 TP 1 @ 1.0852 TP2 @ 1.0820 Note: This analysis is for the educational purpose. Note: Trading is the subject to market risk. Always trade with the tight Risk management to stay the long run. Safe Trading, Happy Trading.
Short
by JagadishSinghR
💡 XAUUSD: Continue to increaseGold had its second consecutive day of price increase, but because the price is still in the inside bar model, the state of cumulative price compression continues to be maintained. The current D1 gold chart structure is sideways, overall favoring price increases. H1 gold pushed up yesterday, breaking the accumulation zone below. Currently the price is blocked at the resistance above. Today's expectation is that the pullback from this resistance can help form a bullish flag pattern - helping to continue following the most recent upward push.
OANDA:XAUUSDLong
by Stone_Haven
💡 XAUUSD: Analysis December 19Despite the increase, yesterday's D1 gold bar had a narrow range and had an upper shadow, showing weak buying power. Yesterday's D1 bar fell inside the previous D1 bar to form an inside bar pattern, showing cumulative price compression. The D1 gold chart structure shows an overall sideways state with a bullish bias. Gold H1 rebounded to retest above and is currently leveling off around this area. The gold H1 structure is more bearish after the previous push to create a new low. H1 gold now needs to wait for a push out of the current range before slightly retesting to sell/buy. The selling direction will be a bit more mainstream.
OANDA:XAUUSDShort
by Stone_Haven
💡 GOLD: Anticipate a price dropThe market has entered a time of year when capital flows dominate fundamentals, making it difficult to determine the cause of any market movement. Markets are paying attention to the Red Sea crisis and how the United States will respond to this threat to global shipping. In addition, gold also has fundamental support as the Fed turns to a dovish policy and the US dollar slips. We can see gold finding support above the 48-hour moving average on the H4 chart. In addition, the MACD double line and the histogram bar have formed a recovery and contraction trend near the zero axis. Falling real yields are a bullish factor for gold and may continue to be supported since the market entered into the interest rate cutting cycle. SELL LIMIT can be applied when the price increases again, a stop loss order is required.
TVC:GOLDShort
by Stone_Haven
Us Dollar Weakness - Will Price Drop To $100 Again?The US dollar experienced a notable 1.3% drop at the end of last week, following a 0.49% gap down on Thursday. In contrast, the S&P 500 gained 0.3% on Thursday and 2.49% over the week. Since September 2022, the dollar has been volatile, falling 13% from a high of $114, briefly dipping below $100, then recovering 7%, and falling again by 4.8%. This erratic behavior makes it hard to predict the dollar's future movements. The dollar's latest decline suggests it might retest the $100 level, a crucial support zone. If the dollar starts to rise, surpassing the October high of $107 will be critical, as it could signal a shift from the current downward trend to a potential upward trend. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
ICEUS:DX1!
by Sublime_Trading
💡 GBPUSD: Continuing strong growth momentumING stated that the focus in the UK would be on the November CPI data released on Wednesday. Service inflation is anticipated to be 6.6%, suggesting a limited progression in inflation. This development is expected to prompt the market to reduce some of its speculations about a potential UK interest rate cut. Although services inflation in the UK is projected to decelerate to approximately 4% next summer, providing leeway for the Bank of England to initiate interest rate cuts, there remains an opportunity for the Pound to benefit from certain policy repricing in the short term. Observing the H4 chart, GBP/USD appears to retreat from the overbought territory, with the MACD double line and histogram bar diminishing upward near the zero axis. The ongoing decline from the peak of 1.2795 is likely to lead to a corrective downturn in the short term; however, it is anticipated that the price will find support in the 1.2600 region. You can set BUY LIMIT, stop loss is necessary.
Long
by Stone_Haven
2
💡 XAUUSD: Signs of price reversal Gold experienced a decline on Friday, bouncing back from the resistance level after showing weakness during the preceding Thursday's upward movement. This indicates the continued influence of a dominant force from above. The daily (D1) chart for gold depicts a sideways structure with an overall inclination towards price appreciation. Following an accumulation around the resistance zone, the hourly (H1) gold chart witnessed a breakdown, pushing the price downward and reaching the lower boundary. This development hints at the potential formation of a bearish price structure and a robust downward momentum. Today's primary strategy is to anticipate a rebound in H1 gold for selling opportunities at higher levels. If the price is once again propelled above the aforementioned resistance, it signals a resurgence of strength, providing a foundation to consider buying H1 gold.
OANDA:XAUUSDShort
by Stone_Haven
💡 XAUUSD: Still increasing despite good news for USDIn the face of favorable economic and employment indicators, the US dollar continued its decline for the second consecutive session. Notably, the Dollar-Index, which gauges the USD's strength against a basket of six major currencies, experienced a significant drop of 0.88%, reaching 101,960 points at 6:34 a.m. this morning (Hanoi time). The diminishing value of the USD has spurred investors to persist in acquiring gold. Their rationale lies in the belief that central banks, such as the Federal Reserve (Fed) and the European Central Bank (ECB), are unlikely to further raise interest rates for two robust currencies, the USD and EUR. There is speculation that these central banks may even consider reducing interest rates in the upcoming two quarters. This anticipation has fostered investor confidence in the continued growth of the gold market. Despite the weakened USD, experts note a significant reduction in the costs associated with speculating on and transacting in gold. However, investors are advised to exercise caution. While a weakened USD and the prospect of lower interest rates may bolster economic growth, there is a possibility that gold's role as a safe haven for cash flow could diminish. Currently, the substantial SPDR fund, having engaged in net buying on December 13, opted to take a modest profit during the session on December 14. The influx of profits from precious metals is expected to exert downward pressure on gold prices. Consequently, investors are advised to capitalize on profits when gold is yielding positive returns.
OANDA:XAUUSDLong
by Stone_Haven
💡 XAUUSD: Strong increase after FOMCGold prices rebounded extremely strongly from the 1975 support level in the last session, creating a huge Marubozu candlestick on the daily frame and along with it, bullish engulfing patterns. The psychological barrier of 2000 has been regained and the price is now retesting the previously broken down channel. You should not consider this as a normal retest to watch for selling because the buying force is very strong and needs more time to observe. -> You can watch and sell at the resistance zone
OANDA:XAUUSDShort
by Stone_Haven
#CADJPY Elliott wave analysishello dear traders and colleagues. Lets have a look at a very long term chart of CADJPY. If we want to interpret the chart using Elliott wave principle we can see from the bottom that we have completed a 5 wave impulsive bullish move (corrective wave 4 is running flat formation) and then we can see a 5 wave bearish impulsive (which also labeled as wave A). Now that the price reached the top unless we are witnessing a running flat we can expect that the bullish move as wave B is also reached its destination and from now we can wait for the wave C to be completed. Initial target would be the previous low if we assume that this large corrective formation is regular flat. For opening a position in case you want to use candle stick patterns you can wait for the weekly close and see if price formed evening star which seems possible. Other than that you can always wait for price to penetrate the previous low or perhaps triggers can be found in lower time frame and following the lower time structure. Also it should be noted that in case price close above last week high or close above resistance level this wave analysis is invalid. Please let me know if you like this kind of long term analysis.
Short
by mohemati
5
#AUDCAD potential bullish continuationAs you can see in the 4-hour timeframe chart, there are several different bullish confluences that we are currently observing. Firstly, the price is retesting a bullish trendline that has supported this recent bullish move since October 16th. Secondly, the price is also finding support from the 200EMA , and the price formed a nice rejection off this overlay indicator. Thirdly, we have bullish divergence between price and the stochastic oscillator, suggesting that momentum has shifted to the upside. Also, from a market structural point, the price is forming higher highs and higher lows and is currently testing the previous resistance, which has now turned into support. After observing all these bullish confluences, the price then formed a bullish engulfing candle, suggesting that bulls are active in the market. To participate in this market, there are two things that we can do. Either we can engage in this market by executing a buy order at the current price or place a buy limit order at 50% of the bullish engulfing candle, of which I prefer to use the second method.
Long
by mohemati
2