GOLD SELL TP_1762.80_6.62%_124.96pips_SL_1908.14_1.08%_20.38pipsGOLD SELL TP_1762.80_6.62%_124.96pips_SL_1908.14_1.08%_20.38pips
Goldbearish
Gold Bearish Analysis Hello traders
I'm still holding my word that GOLD STILL IN CORRECTION and this is my interpretation with a nice risk reward ratio of 1 to 5.
Gold decline started august 6 with a sharp decline from $2074 to $1863 that I identify as wave W (Zig-Zag) followed by a triangle pattern (Wave X) and it's triangle thrust as wave Y that ended on September 24th at $1845 . After that market has been tricky trading sideways and I identify that move as an expanded triangle or a complex correction in minor degree (Wave X of WXYZ). Now I have my eye on the yellow square, from Oct 26th to to 29th i see an ABC decline and after that another ABC sharp uptrend which tells me this could be an expanded flat (3,3,5) 3 waves down 3 waves follow by 5 wave decline which could be a sharp decline with targets to at least $1808 and this will complete the pattern (WAVE Z)
Happy trading
thanks
GOLD : Correction taking placeGOLD has bearish from august 2020 until now.
We will look forward more bearish until 1728.34 where price action should be monitored to join any upward wave ((v)) continuation.
XAUUSD OVERBOUGHT. 1700 Price worst 1680.I have not made any posting regarding gold since for a while. Many people kept asking me what is the reason.
The reason is i am in waiting mode. Watching mode.
As you can see the bigger picture, XAUUSD has been oversold on the first attempt territories in the history.
If you check back the past history of gold back into the late '80 and 90', you will find the pattern.
On the pandemic happen, lots of job paused.
This is including the job for gold mining.
After the US has resume their economy back, it start to gain slowly in income, GDP and mining sector.
Right now, mining for all other major corporate got the gold and has been release the supply to public consumer.
While this view has been slightly increase for the past 2 months (September 2020 and October 2020), the gold price become consolidation.
While we waiting for for the Trump and Biden final agreement, we need to see their budget flow of financial move.
Only after that we know the direction of the trend.
Expecting the price to go 1700 or worst 1680.
Regards,
Zezu Zaza
2048
Bearish setup forming in GoldTVC:GOLD potential bearish setup forming here after a weak bounce recently and a break of 1888 may trigger more downside. Resistance at 1912 for now.
GC has high probabilily to reach 1795 usd We see the bearish momentum on Gold (GC), has high probabilily to reach 1795 usd today
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GOLD : Critical resistance : Bearish insightGOLD rally towards 1747 needs to breach 1765.008 to go further bullish. Failure to do so, bearish market is expected for formation Y of (IV) wave structure.
Invalidation : 1765.008
GOLD "THE BIG SHORT" SOON.... OR NOW!. Gold we have a great and potential opportunity. We could now go on sale, keeping a correct management of the capital, since it is very possible that it will reach the 1800s. Or wait. But the fall is imminent, we have strong resistance which combined with our patterns, should send the gold down.
XAUUSD (GOLD) Bearish forecast.Gold has been pushing up and up and up...….. BUT I feel it will finally at least have a retracement xD…...there are 2 levels ive marked take your trades carefully.....
Week Ahead: Continuing Volatility On New Coronavirus Data; GOLDThe yellow metal found resistance by the 200 DMA within a pennant. That suggests a downside breakout would commence next week. In such a scenario, we'd expect another leg down for the precious metal.
I recommend you this time shorting during this week as i expected a downside move from GOLD in the stock markets.
Gold Long Term Trade Setup 1555 Level is important for trendi m looking short gold blue line is interday level and zone area key level .
i m expecting downside below invalidation level
1555 is very important
Gold Hangs on UncertaintyBullish
Coronavirus breaks China Country containment. Target set at 1594.0
Bearish
Coronavirus fades, Chinese Government seems to not be as fourthright as Western World would like them to be about the Coronavirus outbreak. Target 1556.0 ( 2019 High - Strong support )
Bearish potential for GOLDConsidering five structure has been folded, any rejection below Key Level is an opportunity to short for continuation of big third wave. Any breach above critical level, the sell setup is considered invalid.
Sit tight.
Key Level : 1585.845
Critical Level : 1592.704
Bearish GOLD ideaA slow time consuming upper movement. I am expecting the (c) of B is in the making.
Any strong and clear rejection in the risk area, and if any condition makes price stays below key level, we will consider short this pair and assuming the continuation of big C impulsive.
Objective : Sell market below key level.
Gold More down Side area 1295-1302 Zone area if close above 1306Gold More down Side area 1295-1302 Zone area if close above 1306 then bulish trend again start but this time we expecting bearish from selling zone
JDST Bullish Medium-TermJDST looks like it will touch/surpass its previous high at $55. If Gold continues to decline towards 1220, JDST could easily reach $80.
XAUUSD is at it's majot resistance levelRespected followers, as we know that Gold rally was near to end and Gold is ready for fall. At current price gold has Major resistance which could push down it to 1238. Best of luck.
Gold has rejected its double topRespected followers, yesterday Gold has rejected it's double top which indicate us that Gold is ready to go down to support level by EMA 50.
EURUSD BEARISH ENTRY POSSIBILITY LOOKING FOR A RETRACE TO MY 88.6 FIB ON SMALLER TIME FRAMES, TRADING EU TO DOWNSIDE BASED OFF THE MONTHLY FIBS.
IF ENTRY TAKEN AT 88.6 FIB, POTENTIAL DOWNSIDE 90 PIPS, POTENTIAL RISK 35 PIPS
MONTHLY SHOWING A GOOD WAYS TO DOWNSIDE IN LONG TERM
GOLD SHORT SELL!Current structure rising flag with bearish divergence in H2, very effective pattern. open shorts between $1227/128 target $1216/$1219, depends on your broker.
