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Gold-short

GOLD Will Move Lower! Short! Here is our detailed technical review for GOLD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2031.541. Taking into consideration the structure & trend analysis, I believe that the market will reach 2015.670 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
1
GOLD Is Going Down! Sell! Please, check our technical outlook for GOLD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1989.453. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1969.936 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
1
GOLD Will Move Lower! Short! Here is our detailed technical review for GOLD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2069.570. Taking into consideration the structure & trend analysis, I believe that the market will reach 2020.390 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
1
XAUUSD 29/10/23XU is for us a pretty easy one we have a strong fundamental driver for gold at the moment so we wont be aiming for any shorts on this. overall we sit within huge bullish range so trend is already telling us the direction it wants to go. keep it simple and watch out for updates on any conflicts. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
OANDA:XAUUSD
by PipSurfingSociety
Gold (GC1! Futures) Mid Term UpdateFollowing on from my analysis from yesterday, towards the end of yesterday's trading session, Gold printed a very strong hanging man candle. Traditionally, when this candle is printed near the top of a rally, it signifies a substantial move down. Also keep in mind, data releases so far for this week have been good for the dollar, and let us also remember that while the war on Palestine is very sad, the market is over the war shock now. We were always in an overall bearish trend, so now I expect gold to continue its move down. Infact, in reference to my prior weekly analysis, which places the long term target at 1745 - future price - we can now expect the long term scenario to start playing out. I will be updating this post through the day. I have already gone short with a SL above the current daily high. If I see another good shorting location in the day, I will post it here as a comment. Please be aware, this is not financial advice.
COMEX:GC1!Short
by Aaron_K_Trading
4
XAU/USD 27.09.2023 shortFOREXCOM:XAUUSD Hello traders, for the remainder of the week, I am still actively seeking additional selling opportunities. My preferred strategy involves identifying supply and demand dynamics. Currently, I am exploring potential entry points around 1908. Additionally, you may consider trading the Fibonacci 61% retracement level or the countertrendline. All of these indicators converge in the same area, making it a promising zone for potential trades. However, it's essential to exercise caution when considering news events. They can lead to rapid upward movements, but they might also provide high entry points for short positions. Stay vigilant and adaptable in your approach to capitalize on market opportunities.
FOREXCOM:XAUUSDShort
by ElliotXSolana