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Gold-short

Gold can rise almost to resistance line and then continue fallHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see how the price entered to buyer zone and some time traded inside, and even tried to break the 2505 level. But later, the price finally broke this level and rose a little, after which made a small correction and continued to move up inside the upward channel. Some time later Gold rose to the resistance line of the channel, which coincided with the current support level with the support area, and then started to decline. In a short time, the price fell to the support line of the channel and then turned around and continued to move up. Soon, the price reached the 2680 level again, and now broke it, after which rose to the resistance line of the channel, and some time traded near. Recently, the price bounced down and now it trades a little below. So, I think that the price can make a small movement up and then continue to decline to the 2680 support level, where is locate my TP. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
10
GOLD Will Move Lower! Sell! Here is our detailed technical review for GOLD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 2,679.580. Considering the today's price action, probabilities will be high to see a movement to 2,648.659. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
1
GOLD Is Going Down! Short! Please, check our technical outlook for GOLD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 2,647.10. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2,631.84 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
BLACKBULL:XAUUSDShort
by SignalProvider
1
GOLD Will Go Lower! Sell! Take a look at our analysis for GOLD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 2,629.937. The above observations make me that the market will inevitably achieve 2,605.275 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
1
GOLD Will Go Lower! Short! Here is our detailed technical review for GOLD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2,655.654. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2,605.078 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
1
GOLD Will Go Lower! Sell! Please, check our technical outlook for GOLD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2,619.66. Taking into consideration the structure & trend analysis, I believe that the market will reach 2,573.71 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
SAXO:XAUUSDShort
by SignalProvider
1
XAUUSDXAUUSD . Potential short opportunity. Our idea is that after the price on XAUUSD has made a new ATH ( All Time High ) we are due for a pullback (at least 50%). Our key level is sitting at 2560 where our entry is, and if broken, we could potentially see lower lows down to our targeted areas 2545 (50% pullback) and 2529 . Stops are set at candle flip as that would result in a reverse which could potentially break previous highs and continue to the upside. Overall still bullish on XAUUSD . PARAMETERS - Entry: 2560 - SL: 2576 - TP1: 2545 - TP2: 2529 KEY NOTES - The sell would be confirmed after we break the key level 2560. - If the price breaks our key level 2560 we could expect lower lows and pullbacks. - TP1 is a 50% pullback on previous upside move. - Stop is set at the previous candle high. Happy trading! FxPocket
OANDA:XAUUSDShort
by FxPocket
1
GOLD Will Go Lower! Sell! Take a look at our analysis for GOLD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 2,574.53. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 2,546.89 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
FXOPEN:XAUUSDShort
by SignalProvider
1
GOLD Will Go Down! Short! Please, check our technical outlook for GOLD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 2,510.163. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2,499.735 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
2