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Gold-short

GOLD Is Very Bearish! Sell! Here is our detailed technical review for GOLD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 2176.117. Considering the today's price action, probabilities will be high to see a movement to 2157.430. 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, 2088 should be holding for the momentHello everyone, price action in Gold continues to be very strange and we saw a significant move to the upside after a bear trap formed below 2000. The move went directly to the 2088 resistance (and orderblock) and a correction from the local overbought conditions is likely. The elliot wave count at this stage is very unclear, but I left my count on the chart. It's still possible to break down again towards lower price targets in the 19xx area. At this moment it's not clear at all for me. I would like to see your comments and wave counts below, so feel free to share.
OANDA:XAUUSDShort
by Kyrean
2
Gold can leave pennant, break support level and then make retestHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price recently traded in the buyer zone, where XAU soon reached the 2040 support level and broke it. After this movement, the price made retest and then started to trades in an upward pennant, where firstly Gold made a strong impulse up to the current 2150 support level, which coincided with the support area. After this, the price broke this level and rose to the resistance line of the pennant, but at once turned around and in a short time declined to the support level. Soon, the price turned around and some time traded between the resistance line and this level, and last time Gold fell to the support line of the pennant, where at the moment trades very close. So, in my mind, Gold can exit from the upward pennant, break the support level, and then make a retest. After this movement, I think also that XAU can continue to decline, therefore I set my target at the 2110 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
2
Analysis of Gold on the 12-hour Time FrameAfter a strong upward movement, gold has reached the resistance range of 2140 - 2148 significantly. It seems like it's time for a correction now. If gold wants to correct due to today's news, we can set our target at 2090, which is an important support level for gold. Gold Support: 2080.5 - 2088 Gold Resistance: 2140 - 2148 And the price of 2120 determines the market boundary. Today-tomorrow there will be quite strong news, all focus on Fed Chair Powell. Discussions on interest rates, inflation, and other factors are likely. Given the overall situation in the US, there is a chance that the dollar will receive more support, potentially impacting gold negatively. Gold might make another move upwards based on the news and touch the resistance zone before starting a downward movement. Recommended Positions: Sell: 2142 - 2148 No need for a stop-loss Short-term Target: 2121 - 2090 Long-term Target: 2060 - 2033 Buy Short-term (Scalp): 2088 - 2085 Stop-loss: 2081 Target: 2094 - 2096 - 2100
OANDA:XAUUSDShort
by ChartSavant
1
GOLD Is Very Bearish! Short! Please, check our technical outlook for GOLD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 2082.754. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2058.865 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!
OANDA:XAUUSDShort
by SignalProvider
2
GOLD, will we see 1920 in wave 2 [UPDATE]Welcome back everyone! Gold followed my long term view and could have finished the wave B pullback within a wave 2 according to Elliot wave analysis. We are now at a very important important resistance zone 2072 - 2090 and got a first bearish reaction from here. The long term idea is that Gold ended impulsive wave 1 with the new ATH and now started an ABC correction in wave two. A move down in a wave C from here could develop in a large wave C correction with the main target at 1920. As this is a huge move I don't want to miss this and will observe the upcoming price development. I will update this analysis regularly, so feel free to follow my TV channel. Important support zones 2042 - 2053 2009 - 2019 1970 - 1980 1908 - 1938
FOREXCOM:XAUUSDShort
by Kyrean
GOLD Will Go Lower From Resistance! Sell! Take a look at our analysis for GOLD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 2032.644. The above observations make me that the market will inevitably achieve 2024.505 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!
OANDA:XAUUSDShort
by SignalProvider
1
GOLD Will Go Lower From Resistance! Sell! Please, check our technical outlook for GOLD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 2025.53. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1991.60 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!
TVC:GOLDShort
by SignalProvider
1
HelenP. I Gold will rebound from resistance level and start fallHi folks today I'm prepared for you Gold analytics. Some days ago price broke the resistance level, which coincided with the resistance zone and rose to the trend line, but soon it turned around and in a short time declined back, breaking the 2040 level again. In a short time later, Gold rose to the resistance zone and then continued to decline to the support level, which coincided with the support zone, but when XAU reached this level, the price broke it and declined even lower than the support zone. Next, Gold turned around and rose back to the 2000 level, broke it again, and later made a retest, after which continued to rise. But a not long time later, Gold made a correction to 2016 points, after which it made impulse up to the resistance level, which coincided with the trend line, but recently XAU rebounded and declined below. Now, the price trades near the trend line, and for my mind, Gold will rise to the resistance level, after which the price can turn around and start to move down. That's why I set my target at the 2015 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
GOLD Is Very Bearish! Short! Please, check our technical outlook for GOLD. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2029.738. Taking into consideration the structure & trend analysis, I believe that the market will reach 2017.553 level soon. 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