SHORT - $Gold looking like a snack rn $XAU, $GC1!Retrace after testing ATHs.
Rising wedge into rising wedge.
Trend is friend.
Huge Weekly printed rectangle, Would like to see an SFP/FA below W Range S/L before entering as buyer.
Gc1!short
GC1! Chart Idea - Short setupI still am bearish on Gold for next few weeks.
Confirmations:
- Rising Wedge
- Bearish divergence
Entry - 4hr candle close below 2334
TP Range - 2270 - 2260
SL - 2351.2
GOLD - SHORT; Easy-peasyThis is a no-brainer to SELL it right here.
Especially with the DXY about to bottom!
(... which will very likely turn out to be an extremely long-term bottom - i.e., "for good" - as the U NYSE:D is about to go on a historic tear (+50%))
GC - Gold retests the L-MLH for a shortSince gold broke out of the L-MLH, I was waiting for this opportunity. This is a nice test of the L-MLH.
Be aware that it could drop and come up again for a re-Test of the L-MLH. So stops have to be places accordingly.
As for the red Centerline, we also have to be aware that the CL was already reached back on Aug. 17th.
So any accelerator could pump up GC back into the white Fork.
GC - Gold short to the Center Line
It's very nice to see how price reacted at the CL, then came back to the U-MLH.
And again price got rejected at the U-MLH.
The A/R line is broken and now price has a good chance to travel to the Center Line again.
btw: This trader has the same idea, just using another technique:
Great one, I really like this.
Gold showing a big bearish pattern brewing Inverse Cup and Handle seems to be forming on the daily chart for gold.
This does not give safe-haven vibes. Unless it's for a short.
If the price breaks below the brim level (support), we could see downside to come for the metal.
Other indicators confirm downside.
21>7
We just need the price to break below 200MA and it's all down from here.
RSI<50
Target 1 will be at $1,710, around where the recent support levels were.
GC1! Will Fall! Sell!
Please, check our technical outlook for GC1!.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1978.1.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1963.5 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
GC/XAAUSD - Sell signal for tomorrow 20/06/2023COMEX:GC1! OANDA:XAUUSD
GC/XAAUSD - Sell signal for tomorrow 20/06/2023
Trade at your own risk
GOLD FUTURESGOLD FUTURES
As we said in the previous analysis, he penetrated the strongest resistance zone, or a very strong display area, and he went up, and we could see a very strong retest, and who was aggressively climbed to the previous summit
Short ChanceThe price is in an important resistance area that it couldn't break so far, and we can see a bearish divergence after the pin formation, and as for DX! The price is preparing for a rally "good luck".
Gold offers opportunities for intraday tradersvery obvious that gold has been on a downtrend since March. the trend is moving below MA 209 which confirms the trend.
As long as there is no obvious trend reversal signal, I will only look for sell signals on my daily trading.
By focusing only on selling signals, I will increase my win rate and avoid many losses.
On the weekly chart, the MA 209 is broken and confirms that the trend is bearish.
What do you think? are you only going to sell gold or buy it :)
GOLD FUTURESGOLD FUTURES
We have also analyzed that gold has gone to strong supply areas, from which it is possible to continue to fall superstitiously
GOLD FUTURESGOLD FUTURES
A very strong plunge of gold to a very important point. If broken, it will continue to fall very strongly. The MACD indicator shows us that there is a very strong prospect of falling to our levels.
GOLD FUTURESGOLD FUTURES
Gold has broken his strongest support, a strong demand zone that he has surpassed and will be headed to the next target of a strong grandfather
GOLD FUTURESGold made a very strong fall and broke us the strongest strong areas of demand and likely to continue falling to the lowest points
ANALYSIS GCGC market analysis and price forecast for MONDAY
Forecast for price on fream 15 min
Follom us for more
THERE is a high probability of the price going down to the specified area
GOLD FUTURESA very correct and strong analysis, we achieved the conditions, broke the strong demand area and came down strongly, and it is likely to continue to fall to the target at the bottom.
Going Short On GoldWe can see on the weekly time frame that the price is inside a price channel, and previously it was rejected from the upper line by forming a double top, and we have a bearish engulfing formed two weeks ago which confirms that the price will go down to the lower line of the channel.
Gold is for the purchase now view the purchase volume of gold the price will increase
Gold is for the purchase now
