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Gold will come back to the $1800 level?On 16 July, gold has crashed over 60$ during the FOMC event. At that time, Commodity Futures Trading Commission (CFTC) data was highlighting selling pressure. GOLD - COMMODITY EXCHANGE INC. FUTURES ONLY POSITIONS AS OF 07/27/21 (CONTRACTS OF 100 TROY OUNCES) | OPEN INTEREST: 500,187 NON-COMMERCIAL & COMMERCIAL TOTAL ----------------------------------------------------------------------- LONG 452,107 | SHORT 481,533 Ref: CFTC Gov And on 27 July, CFTC data was said OI (Open Interest) of a gold future contract is 500,187 and total shorts 481,533 & buys 452,107 . But, gold prices increased. We have to notice that the bullish rally wasn't powerful compare to the 16 July data. And selling pressure has higher compare to buyers. Hence gold has moved bearish side in the last trading session. If gold wants to move upside, then it has to crossover my strong resistance. That will lead the gold's prices above 1840 - 1860 - 1882 - 1900 . But if you focus fundamentally & CFTC data, XAUUSD will keep falling and touch the following targets: 1793.6 - 1783.6 - 1763.6 . Gold is making double top formation also.
OANDA:XAUUSDShort
by forextidings
XRP LONGDAILY: First up we are still bullsh, price is above the 200ema which has shown strong rejection. Long term resistance turned support has been honored with several rejections. We have also seen the MACD cross with bullish volume presenting itself. 4HR: 200ema rejections forming nice support. Price has really tested and struggled to break through support. RSI is above the midline, which could indicate sentiment reversal. 1HR: Is currently claiming minor higher higher combined with higher lows, we want to wait until price hits 1.1015, if price breaks this resistance level we want to look for a retest to enter, then a continuation to the upside p [otentiaslly all the way to previous structure highs of 1.5981. Let me know your thoughts on this one, are you bullish or bearish on XRP?
Long
by Richie_the_trader
3
USD/CHF Short SellFX:USDCHF www.tradingview.com s3.tradingview.com Thoughts and Reasoning Behind Price Movement Are Listed Below Technical analysis of the USDCHF pair Larger Trend analysis on the larger timeframes suggests there will be a continuation of the prevailing downtrend The pair is lining up well with Elliot confirmation principles Trader sentiment on all timeframes above 30 mins suggests a strong sell providing further confirmation. Feel free to comment and like Follow my account for more analysis like this
Short
by kidomsi
How To Avoid The Market Makers Stop Hunt Movement As part of the daily movement in the forex market is the stop hunting done by the market makers. They don't mean to hunt the normal and small trader at all, they are targeting the big investors and hedge funds you just happen to be in the wrong place at the wrong time. As shown in No.1 this huge wick is an obvious stop hunt movement in this case the market makers are hunting the ones entered in the middle or at the end of the uptrend. Lesson learned here "NEVER ENTER A TRADE IN THE MIDDLE OF A TREND ALWAYS WAIT FOR A RE-TRACEMENT" In NO.2 after the price gave a good bearish signal ( hanging man candlestick ) it made a a shooting star candle with huge wick to hunt the stop losses. in this case lesson learned here " WHEN YOU ENTER A TRADE WITH PRICE ACTION MAKE SURE TO PUT YOUR STOP LOSS ABOVE/BELOW IT WITH AT LEAST 20 - 30 PIPS" In NO.3 when you trade you will see this low (blue line) broken so you would assume that it will continue to the downside and after you enter a sell trade NO.3 will occur. Lesson learned here is "DON'T ENTER AT THE END OF A SMALL TREND AND USE A GOOD BREAK SIGNAL" And a last tip " TRY TO THINK AS A MARKET MAKER AND ANTICIPATE THE AREAS THEY WOULD HIT AND PUT YOUR STOP LOSS ABOVE/BELOW IT BY 20-30 PIP"
Education
by FX_Elite_Club
2