Gold-short
GOLD Is Bearish! Short!
Hello,Friends!
Indecision in the market is changing
Towards a well defined bearish sentiment
And the price action on the lower timeframes
Is clearly supporting this narratve
Therefore, I think it is a goodidea to go short!
Like and subscribe and comment my ideas if you enjoy them!
Gold Double Top formed on 4hrGold has broken major supports, it has also come up to test support, making it a resistance after 2 failures to break above the marked zone.. We could go down to 1660, if we break this level price should drop more to further zones of support. The daily stick is also showing a retest at resistance for a sell
XAUUSD D1 - Short Signals following $1700/oz breachXAUUSD D1
This is a little way away don't get me wrong, but keen to follow this if the dollar continues to perform the way it has been and the way we expect it to going forward.
A simple break of support and retest of the underside is when we are looking to get involved here.
XAUUSD Elliott Wave option 1I got 2 opntions. Pls check on my post for other option.
For option 1, if gold fail to hold support 1735 due to Powell speech last friday, potential price moving down to next support 1727 and 1710.
Option 1 current wave is correction wave ABC (red color in chart) that wave B is not complete yet. Target for wave B is not confirm yet and will adjust base on what market give us on the sub 5 wave (yellow collor in chart).
XAUUSD Elliott Wave Option 1I got 2 option. Pls check on my post for other option.
For option 1 if gold fail to hold support 1735 due to Powell speech last friday, potential price moving down to next support 1727 and 1710.
For option 1 Current wave is correction wave ABC (red color in chart) that wave B not complete yet. Target wave B is not confirm yet and will adjust base on what market give us on the sub 5 wave(yellow color in chart).
GOLD: Short Trading Opportunity
GOLD
- Classic bearish pattern
- Our team expects fall
SUGGESTED TRADE:
Short GOLD
Entry - 1745.60
Stop - 1756.56
Take - 1729.21
Our Risk - 1%
Start protection of your profits from higher levels.
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