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Xauusdsell

Expect gold to fall below 2600Gold is currently in a swing state and is still relatively weak, but even so, I did not choose to chase gold short at this time. Because in the short-term structure, gold has obviously built a double bottom structure in the 2605-2600 area, which is conducive to the rebound and repair of gold to a certain extent. Gold fell from the high of 2684 to around 2605, and the areas around 2635 and 2645 are exactly 38.2% and 50% of this round of decline. Then gold may rebound again in the short-term structure and touch the 2630-2640 area, which is why I am not in a hurry to short gold in the past two days. Today, CPI and initial jobless claims data will be released. Gold may rise first and then fall back under the influence of the data. So in terms of short-term trading, if you see gold rebound and touch the 2630-2640 area, you can boldly start shorting gold!
OANDA:XAUUSDShort
by alongwineer
CPI data is coming, are you ready to make money?Technical analysis of gold: Gold daily line recorded a big negative again, which is very weak from the perspective of the shape, especially after breaking the 2630 low support and closing at a low level. In terms of the daily line, the five consecutive negative lines in the daily line structure are unfavorable for the development of bulls, especially yesterday's daily line closed with a big negative, which further aggravated the need for adjustment at the daily level, and the price was under pressure below the short-term moving average. The moving averages of other periods maintained a short-term arrangement. The short-term indicators were downward and the volume increased, and the bears had the advantage. At the 4-hour level of gold, the short-term moving average continued the bearish divergence pattern and maintained downward. It is currently running above the lower Bollinger track, and there is no sign of bottoming out for the time being; at the same time, there is a trend of forming a dead cross. If it forms, the downward space will be further opened; the hourly level is currently maintained in a low narrow range of fluctuations, and the strength of the intraday rebound is relatively small. Pay attention to the possible secondary downward trend after the small adjustment and repair is completed. On the whole, He suggests that today's short-term operation strategy for gold should be mainly shorting on rebounds and long on pullbacks. The short-term focus on the upper side is the 2622-2627 line of resistance, and the short-term focus on the lower side is the 2600-2595 line of support.
OANDA:XAUUSD
by hghbhghb
Continue to short gold after the reboundBros, this week should be magical. Gold has touched my expectations one by one during the decline. I said that gold would at least retest the 2615-2610 area, and it is even possible to touch the area near 2600. Gold fell to around 2604 yesterday, which is exactly in line with my expectations. Gold seems to have stopped falling and once rebounded above 2620, but in fact, I am not optimistic about the sustainability of gold's rebound here, and I think gold is a bit tempting to go long now. Once gold starts to kill bulls, I fully believe that 2600 is not the end point. Gold still has room to continue to fall, at least retesting the 2590-2580 area, and even looking at the area near 2550. So in terms of short-term trading, you can boldly short gold with the short-term resistance in the 2630-2640 area! Therefore, in terms of short-term trading, you can boldly short gold by relying on the short-term resistance of the 2630-2640 area! Bros, let us look forward to the next profits!
OANDA:XAUUSDShort
by alongwineer
Has gold seen bottom? Can we continue to be bearish? Yesterday I clearly suggested shorting at 2648, and 2630 was not the short-term bottom. The final result was in line with expectations and unexpected, because the gold price plummeted by nearly $50, not only reaching our target of 2615, but also reaching the lowest point of 2604. I believe that friends who follow the trading strategy have made a lot of money. Congratulations! Let's get back to the point. Because the market's bets on the Fed's sharp interest rate cuts have faded and most of the market's positions have chosen to take profits, gold fell sharply by nearly $50 during the US trading session yesterday, with the short-term low reaching 2604, and then the decline narrowed. As of now, it has remained around 2620 for consolidation. From the gold daily chart, although the lowest point reached 2604, the final closing price was above 2620, just when the daily MA20 daily moving average position was held, and there was no effective break. So since the lower support has not broken, we cannot directly choose to continue shorting today. Instead, we have to wait for the rebound power to be consumed before going short, and the upper suppression area will be a good choice. From the 1H chart, the previous support of 2630 has now turned into resistance, and the same is true for the 2640 line. Therefore, today we need to observe the resistance situation in the 2630-2640 area. Once there is a sign of reversal here, I think it is an opportunity to short. If there are any latest changes in transaction details, I will update you in time in the channel. If you are interested, you can enter below.
TVC:GOLDShort
by AntonyTP
XAUUSD GOLD Technical Analysis and Trade Idea👀👉 XAUUSD (Gold) has been under selling pressure recently, presenting a possible short-term day trading opportunity. In this video, we’ll analyze the price action, examine the prevailing trend and market structure, and discuss a potential trade setup. Risk Disclaimer: Trading Forex involves significant risk, and market conditions can change rapidly. The information provided is for educational purposes only and should not be interpreted as financial advice. 📉✅
FX:XAUUSDShort
by fxtraderanthony
XAUUSD: Double Top/Head and Shoulders From a broader perspective, gold currently resembles a head and shoulders pattern. However, if we focus on a smaller scale, it appears to be forming a double top. For now, we will base our market analysis on this smaller pattern to guide our trades. Typically, after a double top forms, a rebound often follows. This is one of the primary reasons why I recommended a buy position before yesterday's close. When bullish momentum is strong, the price tends to rebound towards or even above the resistance level. In cases of weaker bullish strength, the rebound peak may fall below or only reach the resistance level. Given the current state of the market, the bulls still hold decent power, making it likely that the rebound will test or even surpass the resistance zone around 2629-2638. This area can be considered as a potential exit point for long positions and an ideal entry point for shorts. For short positions, the initial target can be around 2596, which was a previous resistance level during the uptrend. The mid-term target aligns with the low formed during the left shoulder of the head and shoulders pattern, around 2558. The final target would be near 2518, the starting point of the head and shoulders formation. Every trader has their own preferred strategy, but the key is to align with the overall trend. Even if short-term volatility creates challenging situations, staying patient and trusting the broader market direction will lead to success in the end. The process may involve several tests, but perseverance and timing are crucial.
OANDA:XAUUSDShort
by Mia-Signal
Gold 2630-2638 Range Is Good For Shorting After a significant rally, gold has finally retraced to the 2600 level. If you’ve been following my recent analysis, you should have already taken advantage of this move. Yesterday, my strategy was to short at 2648, closing near 2618, while recommending a long position near 2610 with a target range of 2620-2628. This approach played out perfectly, securing notable profits. Gold is now hovering around the MA20, where resistance is expected to be minor. The key resistance zone lies between 2632-2638, close to the MA60. While it may not reach this level, the current rebound is not over yet. If it reaches the MA60 region, it will present an ideal shorting opportunity with at least $10 of downside potential. Successful trading always relies on strong signals—don’t you agree?
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
Short gold above 2650Brothers, although gold has not seen a decent decline under the influence of geopolitical conflicts, the sustainability of gold's rise has gradually deteriorated, and the rebound high has gradually moved down. Gold has shown an obvious peaking signal. At present, gold is facing resistance in the 2655-2660 area in the short term; and it has repeatedly tested and broken through the support near 2640, and once fell below the 2630 position. I think gold still has room to continue to fall, at least it will retest the 2615-2610 area, or even the area near 2600. So I am still optimistic about the decline of gold, and in terms of short-term trading, I advocate shorting gold in batches above 2650.
OANDA:XAUUSDShort
by alongwineer
Gold shorts are not over yet, watch out for accelerated declinesThe September NFP data is good news for the market, giving the market more reasons to prepare for the latest inflation data. Last week's heavyweight employment report puts more pressure on this week's CPI data. If the data unexpectedly rises sharply, it is likely to cause market turmoil. After the blowout employment report last Friday, the importance of this week's CPI has been significantly provided. We have noticed that the US dollar has continued to maintain its upward momentum recently. It is likely to continue its upward trend before the release of CPI data. If there is a correction, it can only be after CPI. Therefore, the rise of the US dollar will bring continued suppression to gold. It can be seen from the figure that the gold price has repeatedly tested the low point of 2630 during the decline. I think 2630 is not a short-term bottom. It will fall below in the next two days. Once it falls below, you can see the support of the lower moving average near 2615. In addition, 2648 is the 0.382 position of the Fibonacci retracement. The pressure effect here has been verified many times before, so friends who are short can choose to sell here. My personal short position is currently in a state of substantial profit, but I will not close the position for the time being. I will continue to hold and expand the profit.
TVC:GOLDShort
by AntonyTP
XAU/USD "GOLD" Market Money Heist Plan on Bearish SideHallo My Dear Robbers / Money Makers & Losers, 🤑💰 This is our master plan to Heist XAU/USD "GOLD" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰. Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High Stop Loss 🛑: Recent Swing High using 2h timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
FXOPEN:XAUUSDShort
by Thief_Trader
XAU/USD "GOLD" Market Money Heist Plan on Bearish SideHallo My Dear Robbers / Money Makers & Losers, 🤑💰 This is our master plan to Heist XAU/USD "GOLD" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰. Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High Stop Loss 🛑: Recent Swing High using 2h timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
PEPPERSTONE:XAUUSDShort
by Thief_Trader
The Calm Before the Storm: A Waterfall-like Decline is Coming... Today is Thursday, and with key data releases scheduled for New York trading hours and tomorrow’s much-anticipated NFP and unemployment figures, the market is far from quiet. My advice for today is to focus on selling, despite the possibility of some upward movement. However, from a daily chart perspective, the likelihood of a downturn is much stronger. The 5-day moving average (MA5) has already turned downward, and it’s just a matter of time before the bearish trend takes hold. When it does, this won’t be just a simple correction like we saw last time. I’m predicting a waterfall-like decline. Here’s my anticipated price action: a drop to around 2600, followed by a short rebound to approximately 2630, and finally, a deeper plunge to the 2570 region.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
1
XAUUSD: NFP data and trading strategies for the next two weeks Yesterday's gold movement largely aligned with expectations, with relatively limited fluctuations. However, today is unlikely to be as calm, as the market now faces two sharply contrasting scenarios: If the Non-Farm Payroll (NFP) and unemployment data are bullish for gold, and the price remains within its current range, we could see a rebound, testing or even breaking the previous high before retreating to current levels. Alternatively, before or shortly after the data release, gold may retest the resistance near its previous high (or consolidate below the 2668 level) and then begin a significant decline, potentially forming a double-top pattern (with a break below 2620). Disregarding the data, from a technical standpoint, the daily chart (D1) shows that gold is at a critical juncture. Recent price movements have hovered near key support levels, with some indicators clearly signaling weakness. A decisive move is imminent. Scenario 1: Gold consolidates near support, gathering momentum and bolstering bullish sentiment, leading to a second upward push—similar to the rally initiated around the 2500 level. If the market demonstrates strength, prices could challenge the 2700-2710 zone, followed by a weekly close showing weakness. A significant pullback of no less than $100 could then ensue. Scenario 2: Bullish momentum fades, and the bears start to take control. A double-top formation would likely emerge, targeting the 2625-2611 support zone. If bulls fail to hold these levels, the next bearish targets would be in the 2590-2570 region. I hope this analysis provides valuable insight for your upcoming trades. Wishing you all the best of luck!
OANDA:XAUUSDShort
by Mia-Signal