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Gold-sell

Gold Sell IdeaD1 - Price broke above the dynamic resistance. Bearish divergence. Also it looks like the price is creating a potential special cycle and currently it looks like the middle leg is completing itself. Hence we may now look for possible pullbacks and continuation higher. H1 - If the price moves lower, breaks and holds below the bottom of the range, we may then start looking for aggressive sells with more bearish evidences. If you want to be more conservative then wait for the price to break and hold below the last low, we may then start looking for sells with more bearish evidences.
TVC:GOLDShort
by VladimirRibakov
Gold Bearish Reversal (with active sell trade set up)Gold Bearish Reversal - Multi chart Confluence It appears that Gold (XAU/USD) has topped at around the $1325 mark and looks like the bulls have run out of steam. Downside momentum now prevails and large retrace is likely, given that 4H, Daily and Weekly charts on gold point to oversold conditions. I have set up a sell trade on gold with current conditions: Entry: 1317.76 Stop Loss: 1325.00 Take Profit: 1230.00 R/R ratio : 1:12.2 Trade time frame: 1 - 3 months This represents an 87.76 point potential with a risk to reward ratio of 1: 12.2. 4h chart: As you can see on the 4H chart, MACD has officially crossed under (i.e bar has closed) and the histogram has entered into negative territory. Coupled with this is the oversold conditions of the RSI and has now crossed below the 70 upper bound line. From purely the 4H chart, a short term sell trade can be undertaken, however there is still some risk for further inclines. Trades on a 4h chart will be tighter as there is obviously less lag in indicators than larger time frames. I consider 4H charts as a minimum safety net for trades on commodities due to their slightly higher volatility profile than FX or indices. 1D chart: The daily chart shows quite clearly that there is divergence at some level on both the RSI and MACD crossovers. This is a robust proxy indicator that momentum in the trend is nearing its completion. It is more reliable than simple cross overs being that the divergence serves as a reversal confirmation (in most cases but especially so on daily charts) rather than a brief pause or small retracement before continuation. That being said, a trend reversal cannot really be confirmed until the candle has crossed and closed in RSI and MACD. While this provides a good safety net, the indicators may lag a couple of days after an ideal entry and risk rewards ratios drop considerably. Weekly chart: On the weekly chart, RSI has posted a definite close above the 70 upper bound line. MACD in this case cannot really be considered due to the fact that it lags between 2-6 weeks behind RSI, so it provides little use to us. The significance of a weekly oversold RSI is that the bullish trend has very little medium - long term gains and a reversal is on its way. So putting all the time frames together it points to a strong bearish reversal due to the confluence of consecutive time frames highlighting weekness in the current bullish gold trend. So after considering all the information at my disposal, I have confidence in my analysis and I accept the current risk to set up a sell trade on gold.
FX_IDC:XAUUSD
by Dubsta000
Sell GOLDThe Chinese economy advanced 6.4% yoy in Q4 2018, after a 6.5% growth in Q3, matching market expectations. It was the lowest growth rate since the global financial crisis, amid intense trade dispute with the US, weakening domestic demand and alarming off-balance-sheet borrowings by local governments. Considering full 2018, the economy grew 6.6%, the weakest pace since 1990 supporting the weak demand at the mean time. on the technical side, gold prices rejected from Fibo 61.8% retracement from april 2018 high to august 2018 low, and it broke the Symmetrical trianglepattern on the H4 time frame. this move may target 1270 then 1260$. Stop loss should be placed above 1300$. goodluck
TVC:GOLDShort
by Assem_Mansour
GOLD (US$/OZ) - SIGNAL - SELL/SHORTExpecting price to come into the $1237-$1240 (green zone) before pushing further lower into the $1127 region (red zone) My details: Sell limit @ 1241.10 Stop loss @ 1260.00 Target @ 1130.00 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
TVC:GOLDShort
by Aqua_Trader
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