Gold God mode 80% strategy 6.5RR4HR chart Oanda broker. Never a drawdown above 5% on floating NOT closing trades, 80+% win rate for about 15-20% a month trading only 1 lot ! Fresh signal on Wed 5*25/2022. Look for it to return to the Red zone around 1830. Shoul/could be a MASSIVE move. Further charts will provide the outcome.
Strategy was backtested to 1-1-2022.
1850 SELL
1833 Take profit. ^80% chance.
God bless you all, have a wonderfull trade.
Gold-short
GOLD: Short Signal with Entry/SL/TP
GOLD
- Classic bearish pattern
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Short GOLD
Entry Point - 1854.37
Stop Loss - 1881.25
Take Profit - 1814.16
Our Risk - 1%
Start protection of your profits from higher levels
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GOLD: Swing Trading & Technical Analysis
Here is our technical view on GOLD.
Our analysis is based on purely technical outlook.
According to our drawing GOLD is trading within a resistance.
Based on our analysis the price will go lower
to the next support level.
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GOLD day ahead of FOMC meetingGOLD is in downtrend on the daily chart and intraday, but it's looking too extended to go short. Ideas on where to start looking for a short entry as well as short targets are presented in the video.
This is not trade or investment advice, this is just me clarifying my own analysis in a video.
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DGZ long position as a gold short alternativeBuying the DGZ gold short ETN gives exposure to the inverse of gold price, so when the price of gold fall - the value of this ETF increases. Marking that gold is hitting record highs - partially due to the commodities boom cycle, moving forward it is estimated to revert to the mean. To take advantage of any drop in price would lead to an increase in DGZ.
Technical Analysis
RSI shows a similar pattern to mid-Q2 of 2011.
The price has broken below the 2013 support level.
DGL is the gold ETN line to see the spread between the two. Spread gap is quite high and historically this spread has reduced over the long-term.
MACD is relatively flat which shows not much volatility since 2021. The increase in gold price is less sensitive to the drop in DGZ. As the spread converges, sensitivity should increase and rate of price appreciation in DGZ should rapidly increase once gold reverts to the mean.
Fibonacci retracement shows price approaching 23% reversal. a break through this level can see rapid decrease.
And the fall continues (Gold possibly to see more downside)Continuing on from the last post, where Gold fell more than 1.4% after I posted the short setup, here we are once again, in what looks to be another impulse down for possibly Wave C, suggesting that the market can see lows near 1842 and possibly much lower.
We can take partial small entry, as the move is already too strong and then waiting for corrective pullback to add more.
GOLD Will Fall! 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: Short Trade Explained
GOLD
- Classic bearish pattern
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Sell GOLD
Entry - 1976.02
Stop - 2028.42
Take - 1897.34
Our Risk - 1%
Start protection of your profits from higher levels
Like & Comment Our Analysis, Please!
❤️ Please, support our work with like & comment! ❤️