Xaushort
Gold’s Bearish Divergence: Short Setup After Multiple RejectionHi Fellow Realistic Traders. Here's my latest price action analysis on Gold!
After hitting the multiple rejection area, OANDA:XAUUSD formed an inverted hammer and swing high. The chart and stochastic also indicate a bearish divergence, confirming a bearish reversal scenario or downward movement. Historically, when observing the current price correction on Gold, it often goes back to the exponential moving area 34 or near the Fibonacci ratio area. Therefore, we expect Gold to move downward to our target area.
It is essential to note that the analysis will no longer hold validity once the target/resistance area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on OANDA:XAUUSD ."
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Shorting gold in 1998, waiting for a plunge
The hourly line of the gold price still remains under pressure, and even if it rebounds, it is not strong enough. The gold price once rebounded to the 2007 line, and it is the same today. It has become a double top situation near 2007, and the K-line is still struggling fearlessly, so go short directly. Already shorted in 1998
Operation strategy: short gold at 1998, stop loss at 2006, target at 1970
Analise XAUSDThe analysis conducted on the XAU/USD pair is based on support and resistance levels. By plotting S/R, I identified these zones, and considering the current uptrend after a correction last week, I observed the following:
H4 (4-hour chart): The trend and RS zones are evident.
M30 (30-minute chart): We can observe the price action, which is present twice, indicating a retest.
Following these points, I placed a buy order at this level, and I believe the analysis will hold true.
XAUUSD D1 - Short Signal from $1942/ozXAUUSD D1
Little tedious from gold at the moment, but that is very much the case with a lot of our setups. If we start to see the DXY fall of and reverse trend, this will certainly set the tone and bias for the next handful of weeks.
As we sit on a break/retest and possible pivot. We just need to sit patiently and wait for zones to approach and alerts to trigger.
GOLD By HesamUNThey traders
its my target
short closed at dynamic lvl
this lvl confirmed by . . .
Confirmed by S&D strategy
Confirmed by PA
Confirmed by FIB EXT
Confirmed by PA
so its a strong lvl
wont b valid if price break down this zone in 4H or daily TF
what u think ?
share ur chart and leave a comment
XAUUSD H4 - Range box XAUUSD H4
Awaiting breakout from XAUUSD range here. Looking like a strong bull run this morning as we enter this weeks trading, no doubt in line with the softening/correcting dollar.
Still technically in a range on the H4 which would need to break upside for deeper corrections, which may then tie in with 104.300. Nothing attractive in terms of entry at the moment, but no doubt there will be at some point this week.
Scenario for next week for GOLDAs you can see, gold direction at high timeframe still on short position, so this is my map to sell
Gold Potential Downward movementUpon careful observation of the gold market, a distinct bearish channel emerges, suggesting ample space for potential downward movement.
As we closely monitor the price action, the critical question remains: will we witness a touch of the channel's lower boundary?"
XAUUSD WEEKLY TRADE (UPDATE)After a few days, daily support at 1924 was broken. So, what's next? In my opinion, there are two important supports on the daily and weekly charts.
As a result, a break from those levels may result in additional decline. On the other hand, if rejection occurs, the next resistance will be in 1941.
Keep an eye on the weekly trendline as well.
Let me know what you think In the comments!
My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills.
Thanks a lot for your support.
GOLD By HesamUNThey traders
check the chart
ill take this fib ext + dynamic lvl as minor resistance around 2085 - 2130
wont b valid if price break up in weekly or break up and stabilize in Daily TF
what u think ?
share ur chart and leave a comment
Gold Declines Amidst US Dollar Surge: Caution is Advised
I wanted to bring to your attention the recent developments in the gold market that have sparked concerns and prompted a cautious approach toward gold trading.
Over the past few weeks, we have witnessed a significant rise in the value of the US dollar, which has subsequently impacted the price of gold. Gold tends to face downward pressure as the dollar strengthens, as they share an inverse relationship. This correlation has been observed in the market lately, leading to gold declines.
However, it is essential to note that gold has been holding within a consolidated range despite the dollar's ascent. This suggests that gold has not yet abandoned its current pattern and is still awaiting a confirmed catalyst to dictate its next significant move.
Considering these circumstances, it is crucial to exercise prudence and wait for the lead-up to the next confirmed catalyst before making any hasty decisions regarding gold trading. Doing so allows you to take advantage of potential opportunities when a clear trend emerges.
In light of this analysis, I encourage you to refrain from adding gold to your portfolio. Instead, I recommend closely monitoring the market and staying informed about any upcoming events or factors that could potentially influence the gold market positively or negatively.
To stay updated, I suggest keeping an eye on key economic indicators, geopolitical developments, and central bank policies that may impact the US dollar and subsequently affect gold prices. Additionally, following reputable financial news sources and consulting with trusted industry experts can provide valuable insights to help you make informed decisions.
As always, it is crucial to remember that trading involves risks, and a cautious approach is essential to minimize potential losses and optimize your trading strategy.
In conclusion, while the recent surge in the US dollar has led to gold declines, it is imperative to wait for the next confirmed catalyst before considering adding gold to your portfolio. By staying informed and monitoring the market closely, you can position yourself advantageously when a clear trend emerges.
Gold forecast (LONG-TERM)Hello traders;
In order to order follow I am waiting for more PA to enter to trade.
But in this condition, I have an idea for trade.
For me, the trend is bearish to the down-mentioned area unless I see evidence of a bullish trend, in this case, this post will be updated.
#XAUUSD 🔴 M15. Sell (Gold). Global Imbalance
A Global Level of Imbalance (H1) has formed. (+)
An imbalance of M15 has formed at the upper boundary of the H1 Range. (+)
The price is higher than the market opening. (+)
Resistance is the zone of imbalance of the open interest of stock options. (+)
input: 1927.43 (input on imbalance test)
stop: 1931.02
tp-1: 1923.81
tp-2: 1916.52
XAU SHORTS. TAG 2K only to Melt.Annotations on chart.
Classic market maker moves. Auction higher only to pull the rug. this is like my final take on it. Its good to analyze over and over again bec price will do what it will do. But same thoughts remain from start of June. Still same.. just reinforcing the idea..
potential 3:1 $XAU short not a financial advice, just an idea based on my bias and interpretation of the market.
Sell From this ZoneSell from this zone . Take profit @1977- 1969
Gold Intraday: key resistance at 1991.00.
Pivot:
1991.00
Our preference:
Short positions below 1991.00 with targets at 1977.00 & 1969.00 in extension.
Alternative scenario:
Above 1991.00 look for further upside with 1999.00 & 2006.00 as targets.
Comment:
As long as the resistance at 1991.00 is not surpassed, the risk of the break below 1977.00 remains high.
GOLD BREAKDOWN ANALYSIS dear traders gold still in consolidation you don t have to trade during correction i have this zone price ranging up and down follow the ruls in chart and be careful from news good luck
Gold- From buying dips to selling ralliesLast week was a tough one for Gold bulls, with 3 failed attempts to stay above important 2k mile stone and, finaly, a close well under this figure.
Although the medium term up trend remains intact so far, on short term, we can assist to a deeper correction.
A level to watch for this correction is the next obious support zone between 1940 and 1945.
In conclusion, as long as 2k remains intact, I'm looking to sell rallies with the up mentioned target.
Gold shortBig sell-off from gold due to that non-farm payroll data .... but again any pull back and re-test on the breakout area, is another opportunity to look for shorts. Good luck and happy trading guys.
