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Gold-short

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
5
HUGE GOLD SHORT TO START 2023 OFF RIGHTHello Traders, Happy New Year All!!! I wish you all a very successful 2023! Today we are looking at OANDA:XAUUSD where we have identified a solid zone of reversal. Why are we entering? - We are at the end of our subwave 2 correction. We are now expecting bearish subwave 3 to occur which is a impulsive wave. - We are expecting a rejection from our -1 fibonacci level What is our confirmation? - Rejection from our -1 fibonacci level - Break of wave C WFB (Watch For Break) - Break of our 8HR EMA Entry - Safe Entry: Rejection of our SELL zone with a break of our 8HR EMA / WFB (Watch For Break) - Risk Entry: Rejection of our SELL zone - Risk Entry 2: Early break of 8HR EMA / WFB (Watch For Break) Once entered, where will our Stoploss be? - Above our fibonacci: 1850 (60 pips) Where do we take profits? First TP - Structure level: 1730 (1140pips) Second TP - Previous low: 1616 (2280pips) Final TP - -0.27 fibonacci: 1562 (2920pips) Be sure to follow me and check out my other ideas below!
OANDA:XAUUSDShort
by Pips-Collector