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Gold-short

GOLD SHORT TERM INTRADAY IDEAIntraday Analysis - ( 18 Jan 2023 ) Will be looking at greater pullbacks on gold as a shift in MS is seen in the chart. As analysed during weekly analysis that we will adapt to sells through out this week and shorts were taken at 1924 region since Monday. We are extending the bias with Japan's weak stance on its monetary policy giving dollar some short term strength causing DXY to go up and risk assets and commodities to drop. However, Gold is still rather bullish therefore, scalps/intraday sells will be prevalent if lower lows continues to print. We will take it level by level. HRHR Sells: 1909 KL MRMR Sells: 1904 KL Safer Sells: 1892/1886 KL Buys only above 1904.5 KL / 1917 KL Do note that we have news incoming tonight.
OANDA:XAUUSD
by CJ_GOLDPIPS
GOLD SHORT TERM INTRADAY IDEAIntraday Analysis (11 Jan 2023) Will be adapting to bullish sentiment as of now until we see a shift of structure or a shift in fundamentals. CPI data will be released tmrw which will definitely shift the direction for gold. As of today , price is in a choppy zone as expected as we are at a weekly timeframe. If CPI prints above previous it shows that inflation is still high and there will be more rate hikes to come. That will be detrimental to gold and the dollar will gain strength. Vice versa.
FOREXCOM:XAUUSD
by CJ_GOLDPIPS
GOLD DAILY TECHNICAL ANALYSIS (ELLIOT WAVE THEORY)Hello traders, I hope you are all having a great day! Today we are analysing OANDA:XAUUSD by using the Elliot Wave Analysis which is my preferred trading strategy. Our zone in mind is at our 0.5 fibonacci level where we are considering a short as we appear to be in corrective wave 4 and we are expecting a reversal soon. Why are we entering? - We are in wave C of our corrective wave which is the final wave - We are expecting a rejection from our 0.5 fibonacci level What is our confirmation? - Rejection from our 0.5 fibonacci level - Break of ascending WFB (Watch For Break) trendline - Break of our 8HR EMA Entry - Safe Entry: Rejection of our 0.5 fibonacci with a break of WFB / 8HR EMA - Risk Entry: Rejection of our 0.5 fibonacci level - Risk Entry 2: Early break of 8HR EMA / WFB (Watch For Break) Once entered, where will our Stoploss be? - Above our fibonacci: 1882 (60 pips) Where do we take profits? First TP - Structure level: 1730 (1450pips) Second TP - Previous low: 1616 (2600pips) Final TP - -0.27 fibonacci: 1570 (3060pips) Be sure to follow me and check out my other ideas below!
OANDA:XAUUSDShort
by Pips-Collector
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