Xaushort
Technical analysis update: XAUUSD (19th May 2021)Our previous price target of 1875 USD was reached. Because of that we would like to update our thoughts on next price action for gold. Gold climbed up approximately 12% in last 72 days. We think gold reached its temporary top as we think its currently overvalued and ready for correction. Temporary bearish case is supported by price being too far away from its 20-day SMA and by temporary peak in RSI. However, we expect bullish trend of higher degree to remain intact. Currently, we do not dare to give you any price target for gold as we deem it hard to estimate extent of correction.
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
XAUUSD going short this week!OANDA:XAUUSD
Price has tapped into a higher tf order block and created a wyckoff schematic. XAUUSD will most likely move up to test the next order block as marked, creating the LPSY (last point of supply) before moving lower. This will just be a short term sell as XAUUSD still looks very bullish on higher tfs. Would love to hear your ideas!
XAUUSD Forecasts!!! WOW!!Gold is looking very Nice!! POR POI area has been hit for me. Gold has been making lower lows and lower highs. The probability the monthly and Daily imb above @
$1770 - $1815 getting filled is highly likely. I will look for short term trade to this area. Remember this is the daily chart. This will happen over the next couple days or weeks. I think PA we could see up movement and I will wait for my key Areas to get hit on the lower times. I will then wait to see how PA react to those specific areas before entering short. If I see a nice continuation pattern around the Asian ranges for long I will enter that too the $1780 above. There is some IMB around the $1900 level which could be a nice long term trade. Follow us for more updates EQ
XAU A lot of confluence here on the bottom trend line of my leading diagonal & the bottom trend line from the March 2020 lows, so much bearish sentiment in XAU currently & also $DXY seem about done with the push. On top of all that yields seem ready to drop, we could have a nice set up for XAU to at least retest the ATH's & breaking that opens the door for $2400.
Miners seem all about done & also they r so bloody wrecked that if I had extra $$$$ I would load up on those gold miner stocks IMO. Anyway just my thoughts guy always DYOR. Good Luck!
XAU (GOLD) tend to decreaseXAUUSD has broken the increasing trend. It may fall in a couple days.
Target 1: 1685 $
Tarket 2: 1555 $
It is not a investment suggestion. Please be carreful with your trading decisions.
XAUUSD, short to support.Hi friends. XAUUSD want going down to support. Big part of purchases are satisfy and now we can go to support 1788,0. Levels thanks to X-Lines script. I mark all interesting market process on the chart window. Volume analysis - "Earned Pro" - follow me.
XAUUSD (Gold), revers to 1783.0 after re-sell above 1830.Hi friends. Watching gold i find reverse zone with big re-sell (i mark it on the chart) so we can go to 1783.0 (strong x-lines levels) in near future. See previous idea below. Follow me.
XAUUSD, so big bullish? Fake growth.Hi friends. Gold show big bullish candl after purchasing under 1835. But my modified "Earned" script show that all this purchases alrady satisfy. So short is active and its good time to sold now. Target 1827.
Levels thanks to X-Lines script. Follow me.
Potential XAUUSD Short IDEAI see a fair value gap sitting above the 1 hour OB , so here are the two potential outcomes that i see happening...
1. Market may go and tap the order block and then seek to sweep SSL below those lows or
2. it may go up to the order block, retrace a little, go to fill the Fair Value Gap, then go to purge sell side liquidity below the lows.
XAUUSD (Gold Spot), short after big sold above 1862 was done.Hi friends. I write a gold trading history for you)) So XAUUSD start from strong bullish trend and than those wallets who purchase in point 1 at 1837.0 - 1840.0 start to sold above 1862.0. I mark all interesting market prices for you.
Levels thanks to X-Lines script. Volume analysis - modified "Earned" script (i think it will be available to you soon).
Follow me.
XAUUSD 1H (red zone) to one direction Xauusd 1h
Stabilized ABOVE red zone will be UP
Stabilized UNDER red zone will be DOWN
Gold divergenceGold is showing higher highs on the daily however %R showing flat. Potential reversal of bullish trend.
analysis gold xauusd#103
sell range: 1844.38
Targets: 1840.69- 1837.00- 1833.31
Stop loss The first goal: the profit to loss ratio is 1: 1 (1848.07)
If the first target is touched (close one third of trades)
Stop Losses Second and Third Objectives: 1844.38(Entry Range)
, If the second target is touched (close another third of trades)
And if the third target is touched (close the deal)
GOLD forecast as we can see gold has been in a downward momentum for the past couple of months and it looks like price might be testing a significant support and resistance level before making the decision to go up or down so we'll wait and see what price does.
XAUUSD is fallingXAU trend has crossed the dynamic and static support plotted in the chart and falls into its lower channel and 1750 is going to be its target so stay tuned and enjoy the profit after its drop :)
XAUUSD short opportunity1800 is an important support. If it will break with a 4h candle , it will create an opportunity to short. The target of the short is 1680.
It is not an investment suggestion. Please be careful with your decisions.
