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Gold-short

GOLD - WEEKLY ANALYSIS.GOLD- It's looking bearing on a bigger time frame, Approach should be finding a short sell opportunity. Levels to take action on ; Go for short sell in the range of 1945 - 1950 with a stop loss of 1966 for a downside potential up to 1900 - 1883. Keep trailing stop always to secure your profits. There is a possibility of a bounce back which I have mentioned from 1883 so have an eye on it to grab a buying opportunity as well. In case if it triggers stop loss level of 1966 and sustaining above 1970 it can jump till 2012 level, but chances for an upside is little less for now based on technical charts but do keep this in mind too. Follow the levels properly and maintain proper risk reward. Traders, if you liked this idea hit the like button & write in the comment section. Why you should follow this tradingview account ? Managed by top most renowned trader - Pulak Priyesh 10 + years of trading experience Professional Day trader Excellence award winning mentor Professional chart, clear chart without junks. Major S/R levels with inner insights Frequent Day & Swing trade levels All major and minor FX/INDICES covered Thanks !!
OANDA:XAUUSDShort
by Professor_GS
1
Gold - Easy head and shouldersHello everyone, as we can see he have a beautiful head and shoulders pattern that we have broke bellow the neck line. We also see divergence on the weekly and monthly timeframe, so a bigger drop is most likely going to happen, because we had way too steep surge and we needed such pullback. For now we should trade only the head and shoulders with the given take profit, because given the unstabillity of the economy, gold might aswell rise a lot in the near future especially during the elections. We can sell now and place the stoploss above the right shoulder. Good luck to everyone!
FX:XAUUSDShort
by donaitelo
Gold short 20 Aug short - bearish on weekly view - forming double top on daily view however -- might not be a deep dip rather just a take profit correction - fundamental makes it likely that investors have no where else to go but equity and gold so the sell-off wont be sharp --> i doubt a sharp rise - everything already overbought unless a shifting fundamental is to come, pushing gold deeper into the overbought region Indicators - bearish on monthly view, weekly AND daily Next short target region as charted.
FX_IDC:XAUUSDShort
by Joaquin_nuel
2
BULLISH DIVERGENCE - BACK TO TOP OF THE RANGE? As you can clearly visualize we can see a clear (BULLISH DIVERGENCE) - this has played out over night after we seen the drop from 12075 to 11125. We've clearly seen a nice bounce off 11.1k (local support) & look to be finding support around 11400 - 11600. It's possible we're just ranging before the next leg up. (or down) depends on how the market reacts to these levels. Lose 11.1k & I'll look for 10500. Gain 12.1k I'll look for 12500. (Play it level by level and don't try to predict the future, trade what's in front of you and keep a clear mind) Enjoy your day, and remember to hit that like button. (It's highly appreciated)
BITSTAMP:BTCUSDLong
by Yurlo
18