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Gold-sell

Gold XAUUSD | SELL After Elliot's 5-WaveWave Analysis: Wave 1 (Initial Upswing): Price moved from 2661 to 2723, marking the start of the bullish trend. This wave is typically smaller as the market begins to establish direction. Wave 2 (Correction): A corrective pullback, retracing part of Wave 1. Price moved down but respected the Fibonacci retracement zone (likely between 50% and 61.8%). Wave 3 (Strong Upswing): The strongest and most extended wave, moving from 2695 to 2759. This wave aligns with higher momentum, reflecting a surge in bullish sentiment. Wave 4 (Consolidation): A sideways or shallow pullback, correcting Wave 3. This wave is less aggressive than Wave 2, often reflecting profit-taking and market indecision. Wave 5 (Final Push): The last leg of the upward impulse, with prices rising from 2743 to 2786. Momentum begins to weaken, and divergences on indicators like RSI or MACD might appear, suggesting exhaustion of the trend. Current Market Outlook: Trend Exhaustion: The completion of Wave 5 at 2786 suggests that the bullish trend is nearing its end. The possibility of a trend reversal or a corrective move downward is high. Potential Correction: After the completion of the impulsive wave, an A-B-C corrective structure is likely to unfold. Wave A could lead to an initial sell-off. Wave B might be a temporary rebound or retracement. Wave C would finalize the correction, potentially testing the 2661 level (Wave 1 origin). Key Support Levels: 2743 (Wave 5 origin): The first major support. 2695 (Wave 3 origin): The second support level to watch for. 2661: A full retracement target if the correction deepens. Resistance: 2786 (Wave 5 high) remains the key resistance level. A break above this might indicate an extension of the bullish trend. Trading Signal: Sell Entry: Upon confirmation of a break below 2743. Targets: First Target: 2710 (Wave 4 area). Second Target: 2695 (Wave 3 origin). Third Target: 2661 (Wave 1 origin). Stop-Loss: Above 2786 to avoid risk from a potential upward extension. Alternate Scenario: If prices break and sustain above 2786, it could indicate the continuation of the bullish trend. Look for further upside toward 2800–2820. Conclusion: Gold appears to have completed its five-wave impulsive structure. The next likely scenario is a corrective A-B-C wave formation or a trend reversal. Monitor key levels and confirmation signals before executing trades.
OANDA:XAUUSDShort
by QuinnReed_Charts
4
XAUUSD 12/1/24XAUUSD remains our second pair as usual. Orion is clear as always, giving us a bullish bias to target the highs. Similar to EU, we only have one high to aim for, so the options are the same as mentioned in that write-up. We could pull back from the current position, creating a new low in the process, which would lead us into the lows and present a long entry opportunity in line with the bias. Alternatively, we might take the high first and then drop down into the lows, which would also provide a potential long entry. Overall, we are anticipating a higher shift and need to monitor the lows for this to materialize. Follow Orion, stick to your plan, and manage your risk properly.
FX:XAUUSD
by PipSurfingSociety
Gold for newsI'd be a fool to believe that gold is ready to continue with it's bullish trajectory at this time Especially with this current move that is playing out right now. It all seems to obvious from my perspective. It almost feels like the dealer is baiting me into buying. Keep in mind we have a red folder news event in about an hour from now. Also when you look at gold's momentum, its definitely bearish at this which means any buys you attempt to take you will be actively trading against a flood of sellers who all want price to go down more than you want it to go up. If you've been following me for anytime at all, you know how hard it is for me to even begin to consider trading against whatever the momentum of the market is saying. Market going bearish, sells Market going bullish, buys Simple. _____________________________________________________________ Selling gold now in my opinion (despite me thinking it will sell for the news event itself) may not be the best idea. If I think gold is inducing buyers, it will likely need to continue a bit bullish before dropping for the news itself. Which means your sells are in jeopardy of being stopped out before the news even moves the market. But it also cannot buy too much to give new potential sellers an opportunity. Think about it like the price needs to go to what you might call "the goldilocks zone" Not too high, not too low but jusssssst rightttt This is what I expect for gold during the news itself. Of course I am not going to actively trade this until I see exactly what I want to see. _______________________________________________________________ Also, you see the amount of people (just from right in here in the minds) interested in sells. Yeah. That isn't a good sign to sell now lol 90% of traders lose 90% of their money in 90 days. Why do what 90% of traders do? Let gold show its hand before you decide to play yours.
OANDA:XAUUSDShort
by Brandon_evo4
XAUUSD 10/11/24XAU Followed our newly established selling buyer last week, a clear shift to the downside. Of course, this was helped by the US election and the results. We now have the same scenario and the same bias in place. We have one area of supply that has already been tapped into. We have 2 liquid highs that are situated at that area of supply and then a higher point of supply which is untapped. Now ultimately we aim for the low as always a pullback is not necessary, but this is gold. So there is a scenario that all these points for selling will fail and we will then aim for the all time high. Our current bias is bearish if this changes during the week and we will update everybody. if it does not we will continue to sell this down to lower pricing before institute becomes interested once again. Follow your plan and stick to your risk!
OANDA:XAUUSD
by PipSurfingSociety
Gold Next Move? Buy or Sell!!Go through the analysis carefully, and do trade accordingly. Resistance- 2628-2631 Resistance-2643-2646 Resistance- 2651-2655 Support-2595-2588 Support-2571-2568 Strong support area- 2550-2555 Gold Signal Daily for the week Current price- 2621.6 Advice-For Buying Buying area= 2588-2580 For selling Best selling area= 2643-2650-2651 -POSSIBILITY-1 If 2635 break and sustain then you can sell gold with retest target will be 2643-2646-2655 -POSSIBILITY-2 If it breaks 2610 and sustains then you can sell gold with retest target will be 2591-2585
TVC:GOLDShort
by Goldsignaldaily
XAUUSD 19/8/24Our gold chart this week shows that price action is moving to the upside, as we expected. We reached our high time frame target from last week, which was a new all-time high for gold. We’re now looking for price action to create significant liquidity to the upside to push for another all-time high. If a pullback occurs and price moves lower, we will begin focusing on the current trajectory, which could lead us into the highlighted areas of demand below. One area is within the lower 50% of the current short-term range, and the other is within the lower 50% of our overall swing range. If price hits these areas and pushes higher, we will, of course, look for overall longs to continue with the higher time frame trend. We expect the trend to continue with relative strength, but if a sell-off starts, we can look at the areas of supply left behind. If the current trajectory breaks, there is potential for a short-term sell-off, but we remain overall bullish on this pair. Please note that we only have one high time frame target for now, as gold is at a new all-time high. If price begins to sell off, don’t become attached to your bias. Remember, the higher time frame is bullish. Trade safely, stick to your risk management, and follow your rules.
OANDA:XAUUSD
by PipSurfingSociety
XAUUSD 28/7/24This week, we are looking at some great potential moves in gold. At first glance, it may seem like we have no plans to buy, but we have a much stronger bias for long positions than short ones. The key point is that until we have a clear structural narrative, we simply follow what we see, which currently indicates short moves. We have a clear sign of momentum on the daily timeframe, leading us to think the pullback could continue and go lower into some more key areas. In terms of price moving lower from its current position, we have identified some clean-cut zones of supply to watch. These zones are marked out above the current price. The first zone is the candle responsible for the run of the last major low and the order block that caused a minor reaction, ultimately inducing buys into failing positions. You can see the trend line we have highlighted, indicating the current trajectory for price action. If this trajectory continues, the higher areas of supply might not be tapped into. However, we are looking for a longer move here if the price allows it. Watch the zones above if the price starts to rise. My main move to watch is running the liquidity low above our demand zone and then shifting up, giving us a clear bullish move into the daily high liquidity target. If we turn bullish, this target will be taken. Until we hit either the supply or demand zones, we have nothing to do except wait. Trade safe and follow your rules.
OANDA:XAUUSD
by PipSurfingSociety
XAUUSD 5/5/24Gold be in our second pair for this week we have a bearish range on the higher timeframe, collectively we know that gold is bullish as a whole but we have formed some bearish structure so we're going to follow that narrative and you can see by our markup we have three areas to watch, Based on this I am looking at the range that we established last week on the lower time frame this giving us our point of reference for what move is most likely. you can see the two points I have highlighted with our black lines showing you the high and the low, i'm looking for this range to be broken out either to the upside to give us a shift up into the daily order block marked with the red line above or I'm looking for price to breakdown lower for then a push to the upside to have them later on. The main thing to consider here is how price behaves when it gets either to the high or the low of the smaller time frame range we still have possibilities to break out of the range to the upside and then continue down when we meet the higher time frame structural high but if we do not we will look for buys and essentially we will just follow price action as we do every week! Remember trade what you see trade your plan and always use appropriate risk! wishing you all the best trading week!
OANDA:XAUUSD
by PipSurfingSociety