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Xauusdtrade

Gold fell as expected, making a huge profit of 500pipsThe magic was successfully demonstrated, and we finally met at 2430-2420! In the past two days, I have been emphasizing shorting gold and setting a target: 2430-2420. And the day before yesterday, I also emphasized in the article that shorting gold in batches in the 2470-2480 area, the target is 2430-2420. Today, gold continued to fall, and the lowest has reached around 2404. Perfectly hit our target area, we successfully made a profit of 500pips, a great deal! At present, gold has fallen sharply and has continuously broken through multiple short-term supports. Now it is not just a correction, but the market sentiment venting and the selling of chips have formed a combined force to stimulate gold to form a new downward trend. At present, gold has fallen below the support near 2410, and the short-selling counterattack has strong potential. At present, there is no technical structure to support the rebound of gold, so I think gold will definitely test the 2400 integer mark. If gold falls below 2400, then gold may accelerate its decline to the 2385-2360 area in the future. So in terms of trading, don't go long on gold for now; but the market won't give us a good position to go short easily. So what we have to do now is to wait and see! Of course, if gold has a chance to rebound to 2420, we can go short on gold. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
See you at 2430!Gold rebounded again after a pullback to 2452, but during the rebound process, it only reached around 2475. Compared with the high point of 2484, the high point is gradually moving down, so the low point should also gradually fall. From the structure, gold is very likely to build a secondary peak in the 2475-2480 area. Once the construction is successful, the decline of gold will trigger a sell-off, and gold is likely to usher in a waterfall-like decline in a short period of time! Moreover, after gold rose rapidly to around 2484, short positions were basically swept away, and the market was enthusiastic about going long, especially when gold rose by $2, the bullish target could be set at 2500. So I have every reason to believe that gold is suspected of tempting to go long during the rebound. Then gold is likely to be brewing a downward trend to eliminate most of the long positions in the market and increase market liquidity! I currently still hold a short position near 2478, and the target is still in the 2430-2420 area. Let us wait and see, see you at 2430! I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
4
Short gold, target 2430-2420!Good afternoon everyone, I am still holding a short position. I am optimistic that gold will fall back to 2430-2420, or even 2420-2410 area. From the chart, we can see that the current high point of gold near 2482 is exactly the top range of the daily chart, so there is a possibility that it will encounter resistance and fall. The bottom of the daily range is currently at 2300, which is definitely a bit far for us. However, we can also look down step by step from the high position. After breaking through the high point of 2482 today, it has retreated to around 2460. The hourly chart range has been broken. From the current point of view, the bottom of the hourly chart range is around 2430-2420. Therefore, there is a high probability that gold will have a deep correction space in the future. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
Gold Possible Drop incomingI believe gold is likely to continue lower, Let me explain why> Based on this image you see here, gold has been stumbling about this level for quite some time, at least 4 days. Due to the fact that it appears to be a "support" I am thinking that there might be buyers trapped in buys or at the very least induced to buy at this level. Which means stop losses of same said buyers would likely be below this (cyan level) See image below. Now gold is a bullish market overall, on the monthly timeframe. Which means buys are likely the overall play but in order for gold to go up it needs liquidity (energy) to do so, how does a market get liquidity? By stopping out traders from the opposing direction. This can be further possibly be confirmed by paying attention to the way the last 3 monthly candles have formed and closed The way the market is behaving at this high I believe that it is suggesting that it is rejecting the high which also suggests sells. So far so good right? The monthly and weekly timeframe do not add anything to my analysis so I will skip them both. The 4 hour timeframe shows where price heavily pushed out and up away from the consolidation, this was also during and around NFP and after FOMC. If it were going to buy, it would continue to buy right? But if we pay attention to the last few candles I think you'd agree with me in saying that bearish momentum is actually increasing, no? Why would bearish momentum increase if buys are incoming? The 1 hour suggests rejection to this same (cyan level) but it is staying at and around this level for quite some time, if it were rejecting, why is it staying there for so long? Who is it really trying to induce? The 30, 15 and 5 minute timeframes do not add anything to this analysis so I will skip. The 1 minute timeframe shows a gigantic drop with price halting at and around the (cyan level) why? Price is again sticking around this area, which suggests buys to the greater population of traders but every time I bought today, the market barely went up. I was fortunate enough to end my trading day at a net positive but the buy feels very sketch for me personally. I believe Gold will continue to drop before the buy actually presents itself I am going to the 15 minute timeframe to show what I think is likely to occur. This is what I believe can happen. Boost the post if you agree with my analysis.
OANDA:XAUUSDShort
by Brandon_evo4
XAU continues to increase - break $2350⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) marginally increased during Thursday's Asian session, but didn't surpass the near two-week high reached previously. The strong global equity market is hindering the safe-haven metal during the US Independence Day holiday. Traders are awaiting Friday's US Nonfarm Payrolls (NFP) report before making further investment decisions. ⭐️ Personal comments NOVA: Gold price after breaking 2350 from the sideway zone 2310 - 2350, the Uptrend prevails, the Bulls prevail. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2349 - $2347 SL $2342 TP1: $2355 TP2: $2368 TP3: $2380 🔥BUY GOLD zone: $2337 - $2335 SL $2330 TP1: $2345 TP2: $2352 TP3: $2360 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
2
Continue sideways ! Gold price stuck below $2350⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) continues with its struggle to make it through the 50-day Simple Moving Average (SMA) pivotal resistance and trades with a mild negative bias during the Asian session on Wednesday. The commodity, however, remains confined in a familiar range held over the past week or so as traders prefer to wait for more cues about the Federal Reserve's (Fed) policy path before placing fresh directional bets. Hence, the focus remains on the release of the FOMC meeting minutes later today. This, along with the Nonfarm Payrolls (NFP) report on Friday, might influence expectations about the Fed's future policy decisions, which will drive the US Dollar (USD) and provide a fresh impetus to the non-yielding yellow metal. ⭐️ Personal comments NOVA: Gold price is still stuck in the fluctuating range of $2310 - $2350, waiting sideways for NF news this week ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2304 - $2302 SL $2297 TP1: $2310 TP2: $2320 TP3: $2330 🔥SELL GOLD zone: $2348 - $2350 SL $2355 TP1: $2340 TP2: $2330 TP3: $2320 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
5
DOWN trend for gold!! under $2300⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) continues its steady movement below $2,300, approaching a two-week low. The Fed's unexpected hawkish stance earlier this month, predicting only one interest rate cut in 2024, bolsters US Treasury bond yields and hampers the non-yielding gold. The global equity markets' underlying bullishness also limits the upward potential of this safe-haven metal. ⭐️ Personal comments NOVA: Gold price reached the target area of $​​2300 yesterday, continuing the DOWN trend, waiting for price reaction when bears prevail. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2271 - $2269 SL $2264 TP1: $2276 TP2: $2284 TP3: $2290 🔥SELL GOLD zone: $2320 - $2322 SL $2327 TP1: $2310 TP2: $2300 TP3: $2290 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
5
Continue to short gold, targeting 2285-2280Gold continued to fall today and fell below the 2300 integer mark as expected, reaching a low of around 2293. There is no doubt that the short-selling force is in full control of the situation. In terms of recent trading, I have basically maintained the rhythm of shorting gold. Obviously, today is another day of making a lot of money. Although gold started to rebound after reaching 2293, the rebound was extremely weak and the overall bearish sentiment on gold was strong. It is undeniable that after gold fell below 2300, some bargain hunting funds began to buy gold, so relatively speaking, there were some differences in the market. Then we must be extra careful in trading! It is not ruled out that there will be a temptation to go long in gold. However, in the next transaction, since the gold price has fallen so much, it is impossible for gold to suddenly rebound without the stimulation of important positive news. The reversal is not so fast! So even if gold rebounds, it cannot be expected too high! So next I still tend to short gold after the rebound. As gold falls, the resistance area moves down. First, we mainly focus on the resistance in the 2310-2315 area; secondly, the resistance in the 2320-2325 area. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
Continue to short gold after the reboundAfter gold rebounded to around 2337, it quickly fell back to around 2320, but gold did not continue to fall at present, which shows that the bears did not have an absolute advantage, and the bulls still have room for defense! Gold as a whole is still in a trend of shock adjustment. Although the gold bears did not have an absolute advantage, they still had a slight advantage relatively speaking, so after gold fell to around 2320, I did not immediately go long on gold to prevent gold from breaking the shock trend and testing the support of the 2310-2300 area again. As gold fell again, the resistance area of ​​gold moved down, and we first focused on the resistance area of ​​2330-2335. As gold pierced 2320 during the decline, gold should still have room to continue to fall.In addition, it cannot be ignored that gold has signs of forming a head and shoulders top in the short-term structure.so in terms of trading, I still tend to short gold. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
Gold rebound is weak, continue to short goldAfter the sharp drop on Friday, the gold market today returned to the shock and repair market. It is currently in a narrow range of 2330-2325, basically in the middle position, relatively speaking, without touching the resistance or support area, so up to now, there are not many opportunities to really participate in market transactions. Gold currently rebounded to around 2332, and did not touch the current 2340-2345 resistance area during the rebound, and then fell back, but did not touch the 2315-2310 short-term support area again during the decline. Therefore, in terms of trading, it is extremely confusing! In general, gold is in the stage of rebound and repair, and the short force is still slightly dominant. Because the rebound of gold is weak, it has not even reached the vicinity of 2335. So in terms of trading, I am actually more inclined to short gold at high levels, but before gold falls below the support area of ​​2315-2310, gold bulls still have room for defense. So we must master the transaction price and rhythm in trading. If gold falls back first later, we might as well try to go long on gold with the 2315-2310 area as support; and the key resistance area above is 2340-2345. If gold rebounds to the resistance area first, we can choose to short gold! I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
Continue to short gold after the reboundToday, gold still maintains the overall shock structure. In the short term, gold is in a weak rebound stage, but the rebound strength is relatively poor. Gold touched 2314 overnight and then fell again, and once fell below 2300 during the decline. From this point of view, the strength and space of gold's rise in the short term are limited, so in the past two days of trading, I have tried my best to avoid chasing gold. On the other hand, although gold has not made any actual breakthroughs in the short-term decline, and there are signs of a rebound in the short term, it seems to give bulls hope, but I think this hope is likely to turn into disappointment. First, it is difficult for gold to surpass 2320 in the short term, and second, gold will still fall below 2300 during the decline. From the above two points, it seems that gold bulls are not very firm and may fall again and continue at any time. Therefore, in today's trading, I will still insist on shorting gold after it rebounds. First, pay attention to the short-term 2310-2315 resistance area on the upside; during the period of gold's volatility, first pay attention to the support of the 2295-2290 area below. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer