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Xauusdtrading

XAU/USD. Short, H+S pattern R:R - 5:1 !!!!Hello traders, I'm back, Gold appears to have formed a head and shoulders pattern on the 1 hour timeframe as displayed on the chart. I believe at some point tomorrow that the $1952 major trend line will be tested, this trend line also coincides with the 61.8 fibonacci retracement of the bullish gold outbreak since the Russian invsaion of Ukraine. Now the question is where to short in order to achieve the highest risk to reward. I have noted a bearish order block that I believe will be retested at the $2010 area. So I would set sell limits to around the $2008 / $2009 level and watch how price reacts if it reaches this level. Fundamental bearish factors: Zelensky considering a 'neutral' Ukraine in order to prevent more loss of life, neutral being agreeing to not join NATO. Supply chain shortages are easing as oil CEO's don't increase output because they are aware this oil bubble will be very short-lived and is already close to popping COVID gone for good so less risk of future inflation Note: CPI data tomorrow so expect increased volatility and larger than normal wicks on the smaller timeframe. We will get a good idea of the markets direction for the rest of the month based on how today ends.
OANDA:XAUUSDShort
by GreyTrades
4
Gold daily analysis 16.02.2022Yesterday gold has very high volume and was not able to sustain the levels near 1880 because of high selling pressure. However yesterdays daily candle gave a confirmation for the breakout of long term trendline since price rose to 2000 in March 2020. So I expect gold to be bullish in coming days too with base price near 1840 if price is able to sustain above this. Yesterday's fall was a test for this support for trendline near 1844 and price was able to maintain this level. There is very high volume after the price fell 1844. This is good indication that price will reverse in next days. However the news is still uncertain and price can go any direction. So I suggest to trade only with stop loss. Today my trading ideas are BUY 1852 SL 1842 TP 1865 (scalp)
OANDA:XAUUSDLong
by boyinjungle
2
XAUUSD down before long..For more daily Detailed analysis, please feel free to click the follow button. If you do have any questions, please do ask them! After hitting our targets numerous times, I know there is plenty of traders waiting for my GOLD analysis.. We are looking short from the current price point further down. We are then looking long. This is because there is remaining room/profit margin till our long zone. We are then exiting at comfortable resistance higher up. Exit is NOTED by eclipse symbol.
OANDA:XAUUSD
by WillSebastian
What To Expect Next For Gold?If you followed my previous posts, you are certainly loving the profits that came forth. The gold did break through, and dare I say, it is now going to rebound back up for a retest. The chart above has nothing new added to it. The reason I am sharing this is to show you the trendline resistance that I had already drawn in my earlier charts. The trendline acted as a force to be reckoned with, and the lower highs were all but indicative of a collapse. This tied in nicely with the recent reports that came out. Now, we come to address the elephant in the room. "What on earth should we expect next?" So far, it seems like the buyers and sellers are in a bit of indecision about whether to move up or down. The next few hours will play a critical role. It is possible that we may see Gold rise back up to retest its lost ground. Refer to my earlier post Gold - The bigger picture where I have highlighted the overall scenario. For now, I would suggest refraining from trading Gold. If you have the power to hold your ground, I would suggest going long. Best of luck, and remember, trading is risky, but the rewards are well worth it.
FOREXCOM:XAUUSD
by sohrabkhanlive86
Gold - The Bigger PictureEver since Gold touched its all-time highs back in 2020, things have been going downhill. However, what people might not have noticed is how there seems to be a pattern that is in the making. We are on the verge of the end of the triangular formation, and somewhere in October 2021, we can expect a massive breakout. In the chart that I have just shared, the pink highlighted area is the area of value (AOV). If you find gold prices touching these regions, you have a perfect entry point because they would either be facing fierce resistance or superior support. However, it should be kept in mind that this pattern is soon to break away. For anyone willing to trade in gold, now is the time to do a spot of day-trading and swing trading. However, if you wish to make a significant chunk of profit, read the chart carefully and figure out the perfect entry points for pending orders (once the pattern is broken). Of course, there is always a risk of a false breakout, but so far, there hasn't been one since last year. This only goes to suggest that the next breakout will be a wave everyone would love to ride on. For now, enjoy the little trades as much as you can!
FOREXCOM:XAUUSD
by sohrabkhanlive86
5
Gold trading for today as 13-04-2021dear Gold lover, another day in paradise? did you get another jackpot? they said the US economy recovered faster than expected, so they pull out all the money from foreign country to invest back in the US, as you can see index get higher and higher but as a law of investment, if they buy stock they sell the Gold they hold... see the H4 chart, it is going down faster than last month Today area 1723 is a SS and a VERY critical area we think it will be a bounce-back (UP) for a while before continuing to down if this area breaks then you know where Gold will be landed DR for today could be 1736.50 - 1724 for swing still SHORT happy trading
FOREXCOM:XAUUSDShort
by herawan
Gold Forecast (03/03/2021) - Prepare for the next movementBUY or SELL? Not clear, just act when the time comes. No need to rush. There will be a safe price for us to use our money. In this article, I will write 3 parts: (1) Summary of February (2) Prepare for long-term orders and (3) Short-term orders. Summary of the gold trading orders in February Order 1: Sell at 1845-1840, TP 177x. Order 2: BUY from 176x, TP 181x. I didn’t enter this order. Order 3: Sell from 182x or Sell immediately when the price collapses at 1760. For me this is not considered an order because it’s unexpected. But some of you already entered this one, so I count it as the third order. Good price zones to watch for now SELL: 176x. BUY: from under 1700 to 167x. Divide times to Buy. For example, when the price goes down to 1700, buy a little. When it falls down to 168x, buy again and finally buy at 1678. If the price bounces back, we hit the jackpot. If it collapse, we hit the SL – close the position. It may take time for me and you to enter the positions above. But the money is made from the moment we start waiting until we enter the position. After that, wait for the answer from the market. I can wait a month just to place one order. It’s OKAY! Safety is what matters the most. And once I’m in, the TP level must be large enough. USDindex If the Dollar goes straight to 92.00 as I predicted, it would be possible that the gold price will drop below 1700. Day-trading positions According to the request of some people who like to surf, I give you 2 positions. If it’s right, enter the trade. if not, then stop. Order 1: BUY - under 1720 - 30% chance to win. Here there is a support zone. When the price fluctuatés, find a safe entry point to enter. TP depends on you – SL at 1705. Order 2: SELL - over 176x - 70% chance to win. Downtrend + the resistance zone = SELL. SL is a little bit far (200 - 300 pips).
OANDA:XAUUSD
by Giavangvietnam
XAUUSD: Buy opportunity on symmetrical patterns.Gold is on a short term pull back on the 4H chart (RSI = 47.725, MACD = -1.250, ADX = 29.908) following the new All Time Highs on U.S. stocks and the short term rebound on the bond market. The US Dollar remains strong but a short term pull back is helping Gold to contain a bigger decline. Technically we have found similarities of the current sequence with the pattern during of mid to late January. As you see on the chart both the RSI patterns as well as the actual candles are identical. In January once the price crossed below the 4H MA50, it found support within the 0.500 - 0.618 Fibonacci. We are currently close to that level and with the MA200 right below, treat this as a good medium term long opportunity. Our Target is the 1,595.50 Soft Resistance. Recent trade on Gold: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX:XAUUSDLong
by InvestingScope
3
XAUUSD: Hit the Multi Year Resistance. Sell opportunity.Gold has just entered today the 1,355 - 1,365 1M Resistance Zone with 1D highly overbought (RSI = 77.219) due to June's aggressive bullish run. The price is undoubtedly inflated due to the recent geopolitical tensions (U.S. - Iran) and the correlation with DXY has been broken. As soon as tensions ease, those dynamics will normalize and Gold should start moving lower towards its fair technical value. This presents an optimal sell opportunity as the 1M Resistance Zone has worked as a sell accumulation point since 2017 and with a slight variation (-1,375) since 2014. We are now initiating a long term sell strategy on Gold with a long term TP = 1,220. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX:XAUUSDShort
by InvestingScope
8