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Gold-short

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
GOLD signal to sellAgainst the background of the dollar's growth, the price of gold continues to fall. Here are three of my predictions that came true over the past week. 1. 2. 3. A couple of days ago, gold had enough strength to break through the resistance line, after which the price was able to fall even lower behind the resistance. Together, this gives us a signal to open a sell trade. I expect the price to fall to the support line - TP. If the price goes up, place the SL at the intersection of the resistance lines. -------------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
OANDA:XAUUSDShort
by DeGRAM
34
GOLD will BREAK SUPPORT lineFor starters, let me remind you of my past ideas that came true. Initially, the price rose to the resistance line. Then it continued to rise from the support zone. After yesterday's drop, gold has fixed in the support / resistance zone. The price continues to move neatly without strong fluctuations. It is located near the intersection of two lines: resistance and support. Obviously, they are now holding back the movement. However, I expect that after such a temporary calm down, the price will leave the zone. I expect the price to bounce off the resistance line and break the support line. After that, it will gain a foothold at the intersection of the lines and continue to fall. In this case, the price target is the support line 1853.7. Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩‍💻
OANDA:XAUUSDShort
by Lingrid
14