GOLD BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
Previous week’s green candle means that for us the GOLD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1900.176.
✅LIKE AND COMMENT MY IDEAS✅
Gold-short
XAU/USD 19.09.2023 shortFOREXCOM:XAUUSD
Hello traders,
I'm currently looking for a significant short opportunity in gold. The Dollar is exhibiting considerable strength at the moment. In addition, gold is positioned within a substantial resistance zone and under a bearish trendline. If the Dollar news continues to be positive, there could be a substantial drop in the price of gold. However, please exercise caution and stay informed about any news events that might impact the market, as they can have a substantial influence on price movements.
GOLD Will Go Lower! Short!
Here is our detailed technical review for GOLD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1926.808.
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 1920.063 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!
GOLD SHORT FROM RESISTANCE
Hello,Friends!
We are now examining the GOLD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1902.112 level.
✅LIKE AND COMMENT MY IDEAS✅
XAU/USD 15.09.2023 sellFOREXCOM:XAUUSD
Hello,
Today, my focus is on a sell trade for gold. We're currently encountering a Fibonacci and resistance area on the 4-hour timeframe, and the Dollar is exhibiting strong bullishness. However, as always, exercise caution and keep a watchful eye on the news, as it can significantly impact market dynamics. Make sure to align your trading strategy with both technical and fundamental factors.
GOLD Is Going Down! Short!
Here is our detailed technical review for GOLD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1916.659.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1911.047 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!
GOLD Is Bearish! Short!
Here is our detailed technical review for GOLD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1919.237.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1904.234 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!
GOLD daily updateHi fellow traders, As you can see here we have a breakout here in daily chart of XAU/USD.
Parabolic SAR also shows a downtrend which can be useful in out analysis. If the gold candle close below the 1920.8(the yellow line) I would go for a short position.
Entry: close below 1920.8
TP-1, TP-2: the two blue lines(powerful supports)
SL: maybe about ~1945
DON'T enter the trade before the close.
what's your opinion? please like and comment!
XAU/USD 04.09.2023 shortFOREXCOM:XAUUSD
Hello traders,
For today and this week, I'm looking for some sell positions. Today, I'm specifically eyeing a sell trade around the 1948 area. We've seen multiple rejections at this level, and the 4-hour Fibonacci also aligns perfectly with its 78% level. However, before entering this trade, I want to see some bullish momentum from DXY. It's essential to keep in mind that today there are no major news releases, which might result in lower trading volume. So, let's continue to monitor the market closely.
GOLD BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
Previous week’s green candle means that for us the GOLD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1912.951.
✅LIKE AND COMMENT MY IDEAS✅
GOLD Will Go Down From Resistance! Short!
Take a look at our analysis for GOLD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1924.299.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1907.107 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
GOLD BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
GOLD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1908.740 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GOLD pair.
✅LIKE AND COMMENT MY IDEAS✅
XAU/USD 01.09.2023 sellFOREXCOM:XAUUSD
Hello traders,
Yesterday, we experienced a rejection of the weekly Fibonacci 68% level and retested it three times with a clear bounce off. Based on the 1-hour and 4-hour chart views, we can observe a slight bearish trend forming. Currently, we're at 1945, a strong resistance area that also aligns with the 78% Fibonacci level. For these reasons, I believe a bearish trade would be the most suitable. However, please exercise caution as we have important news scheduled for 2:30 pm, which could have a rapid impact on the chart.
GOLD BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
We are now examining the GOLD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1913.496 level.
✅LIKE AND COMMENT MY IDEAS✅
GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
GOLD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 9H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1897.135 area.
✅LIKE AND COMMENT MY IDEAS✅
GOLD Will Fall! Sell!
Here is our detailed technical review for GOLD.
Time Frame: 7h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1915.88.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1903.42 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!
GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
GOLD is making a bullish rebound on the 12H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1877.419 level.
✅LIKE AND COMMENT MY IDEAS✅
XAU/USD 17.08.2023 sellSAXO:XAUUSD
Hello traders,
At the moment, I am focusing on potential sell positions during the London session. I have identified several confluences that support this idea. The main bank level of 1900 aligns precisely with the 61.8% Fibonacci retracement level, adding strength to this resistance area.
For my trade plan, I'm considering two possible take profit areas: around 1890 or 1885. These levels offer potential support and correspond with your identified fib level.
As always, remain vigilant about news events and market conditions that could impact your trades. Best of luck with your trading strategy!
XAU/USD 14.08.2023FOREXCOM:XAUUSD
Hello Traders,
for tommorow I'm looking for a sell position. I hope that Asien session could bring gold over the night up to 1910-1911. At this Level we have a nice resistance area and also a fib level which matches with a stron resistance area. As a take profit area I would say 1900. Its a main level an also nearly the take profit zone of the fib -27%
Trading Under The Spotlight: My Open Analysis Odyssey #5Yet again, TradingView aficionados!
The day's analysis' marches on, and with it, more trading opportunities unveil themselves.
For newcomers or those who've been with me from the start, a brief overview of our shared journey:
Transparency, Not a Tutorial : My analyses give you a front-row seat to potential setups, but the detailed underpinnings remain my own. This is less about instructing and more about chronicling my trading psyche.
Frequency & Execution : Trading days are akin to vibrant tapestries, each with its own distinct patterns. But not every pattern sees a stitch. These posts mirror my thinking, not necessarily my trading actions.
Purpose & Growth : This series orbits around my ambition to fine-tune my market analysis while remaining open to your invaluable feedback.
With that laid out, let's delve into the next analysis for the day:
Instrument : XAUUSD
Bias : Short
Overall Trend : Bullish
Thoughts : This particular setup aligns well with the current fundamental readings from both CPI and PPI data. Among the myriad setups I've encountered today, this is a trade I'm considering to act upon, should the price venture into my designated area of interest.
Your presence on this voyage amplifies its value, irrespective of whether you're a silent observer, an active contributor, or a keen learner. Let's persist in dissecting the market, one insightful setup after the next!
XAU/USD 13-18.08.2023FOREXCOM:XAUUSD
Hello traders,
I am looking for more short positions on gold in the upcoming weeks. Last week, we observed a significant strength in the DXY (US Dollar Index) and a break above the bearish trendline. Additionally, there were notable wicks on the last two daily candles for XAU/USD.
My plan involves waiting for a push up during the London session and then entering a short position during the New York session. I've identified a resistance area around 1930 as my entry zone. If the price closes a candle above the yellow zone, I would consider that area as invalidated, and my stop loss would be placed above the 61% Fibonacci level. For take profit, I'm targeting a few pips before the -27% Fibonacci level, which aligns well with a support level.
Please note that trading involves risks, and it's essential to closely monitor market conditions and news events. Best of luck with your trading strategy!