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Gold-short

GOLD open SELL TRADELet's remember that in mid-July, the price bounced off the support level and rose rapidly. It was a very strong rally, and for almost 4 months since then the price has been in a big downtrend. Of course, there are also ups and downs in price inside it. These movements are caused by two rather strong lines: support and resistance. Now the price is just at the line of resistance. As we can see, despite the fact that the line was formed only in August 2020, it has been holding back the price growth more than once. The only time the price was able to break this line happened on November 3-9 - as you remember, it was at that time that the tense US elections were held. Now I expect the line to be strong enough to stop the price growth. I think she will turn around and start falling. And this is an excellent signal to open a sell trade! I think that the fall will be quite strong, so the expected TP will be in the support zone. And I never tire of reminding you of the importance of SL - set it above the resistance line. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻
OANDA:XAUUSDShort
by Lingrid
44
GOLD will break support line and fallOver the past week, I've made minimal adjustments to my Gold forecast. It continues to move as I said. First, it broke through the support line. Then she came to the resistance zone. As I said, the zone is strong and I expect that the price will not be able to break through it. Now I expect the price to start falling from the resistance zone Since the zone is strong, it should have enough resources to break through the nearest support line. And fall to the support zone at the intersection of the level and the support line. The support line is also the lower line of the old rising channel (2019). Target - support area. -------------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
FOREXCOM:XAUUSDShort
by DeGRAM
34
GOLD will fall after correction movement Gold is in no hurry to make sharp movements and my previous two forecasts for it are still being formed. 1. 2. The price continues to move exactly along the support-resistance line. This line appeared in the middle of a very old channel. It has existed since October 2019. Now the price has broken through the line again. I expect it to grow minimally. It will push off the resistance line (August 2020) and after that it will be able to fall and break through the support-resistance line. Thus, the price will go down to the lower channel line. The target is the support line. -------------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
FOREXCOM:XAUUSDShort
by DeGRAM
19
GOLD return to rising channel\ start fallAfter breaking through the support line, gold returned to the rising channel and I expect it to fall to the lower line of the rising channel. My yesterday's trade expectations remain. But it should be borne in mind that now the price is on the support line and it is better to sell from the resistance line above or after breaking this line. -------------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
FOREXCOM:XAUUSDShort
by DeGRAM
22
GOLD price COLLAPS and new FALLDuring yesterday's trading day, gold collapsed, losing almost 1000 points in positions! The last such collapse occurred at the beginning of August, slightly less - in the middle of September. Right now, the price has already begun work to restore positions. During the collapse, she came to the line of support, was able to push off from it and is now growing. In addition, during her growth, Chena was able to break through a small area, which now also acts as a support for her. I expect the price to rise to the nearest resistance line. This line enters the resistance zone - the close location of the level and two lines. Therefore, I believe that the price will not be able to break through this zone yet. On the contrary, it will turn around and start falling. The ultimate goal in this case is the support line. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻
FX_IDC:XAUUSDShort
by Lingrid
44
GOLD will falling in channelStrong market excitement has ended and gold is adjusting the price. Despite the fact that the price tried to break through the resistance zone that I mentioned last time, I am sure that the price will go down. Most likely it was only a breakout attempt. The price has no momentum for such a strong move (remembering how much it has risen recently). Now I expect it to start dropping in the channel. Plus, the upper channel line - the resistance line has been in existence since July 2020. I marked the price touches on this line. In most cases, the price changed direction after that. I expect it to happen again now. Gold weakened after a strong surge. The impetus for its growth - the uncertainty of the US elections - was blown away. Plus - on the technical chart, the price is at a strong resistance line. Everything speaks of falling. I expect a target - a support zone at the intersection of two lines. -------------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
FOREXCOM:XAUUSDShort
by DeGRAM
34
GOLD End of growth - beginning of fallDuring yesterday's tense trading session, the price of gold rose strongly. First of all, the price has reached the resistance line in a small upward channel, which first appeared on the chart in early September. Secondly, it entered the resistance zone, in which over the past months (since July) it has always been "marking time" in place. So now I expect: first, that growth will finally stop and the market situation (following the global situation) will stabilize. Secondly, that the price will not just stop but begin to fall. To the nearest support line (which is unlikely to be able to stop it after such a sharp rise). And then to the next support line - the channel line. We continue to follow the news and keep ourselves in control. -------------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
FOREXCOM:XAUUSDShort
by DeGRAM
62
GOLD next step in trade - FALLGold is determined decisively. Here is my last prediction, which continues right now. The price continues to form a downward movement through pullbacks and corrections. During the last trading day, it returned to the resistance line, touched it and reversed again in a downtrend. Which tells us about a good basis for a fall in the price - since after two touches and pullbacks, it is unlikely that it will be able to break the resistance line for the third time. This means that the price is ready to fall. A strong support line is now on its way, which emerged in July 2019. It is not clear yet whether the price will be able to break it. So now I expect the price to fall towards this line. The target is thus a support line around 1877.89 Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩‍💻
FOREXCOM:XAUUSDShort
by Lingrid
80
GOLD open SELL TRADEThe movement of Gold in the Wedge pattern continues to form a figure. We know that in this case - price fluctuations are getting smaller, it literally stabilizes between two closely spaced and intersecting support and resistance lines. Recently, the price just came to the resistance line. And in the last forecast I said that it will start to fall - we can see the beginning of a downtrend on today's chart. I use a smaller timeframe for clarity, so that the downward price movement is more noticeable. And so: contact with the resistance line, the beginning of the fall and the completion of the formation of the figure. Together, this gives us a good signal to open a sell trade! TP - I am waiting on the support line, where in my opinion the price will fall. Don't forget about SL - set slightly above the resistance line to protect yourself if the price suddenly starts to rise. Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩‍💻
OANDA:XAUUSDShort
by Lingrid
45
GOLD will fall after a false breaAnother tool for which the US political agenda resulted in a false breakout of resistance on the chart. However, we continue to monitor the situation. And we stick to our forecast, which, despite the breakdown, continues to form as we need it: the price will continue to fall. The daily chart shows that the price continues its downward movement between the two lines of support and resistance. And I came to the resistance line - this is also my forecast that came true. As I said, the breakout of the resistance line that we see on the chart is false. It is associated with the ongoing US elections. But it is already noticeable how the price began to fall during the day. Therefore, I expect the price to continue to fall further. Target - support line. -------------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
OANDA:XAUUSDShort
by DeGRAM
26