Goldideas
Gold Sell 1956-60 XAUUSD - Bearish -I look to Sell at 1956
◾ A bearish Head and Shoulders is forming
◾ This is negative for sentiment and the downtrend has potential to return
◾ There is scope for mild buying at the open but gains should be limited
◾ Resistance is located at 1960 and should cap gains to this area
Stop: 1991
Target 1: 1877
Target 2: 1850
Chart
GOLD Fundamental Effect GOLD 1700+ pips ✅
Power of Fundamentals
🔎 Targets Hit. But If Continue market uncertainty Target - 2070.0
- This forecast is very valuable if you currently have trading experience.
- If you are a day trader, you can look at the technical levels and trade to the forecast direction we predicted and make more profits.
- This forecast is based on the current market sentiment and the fundamental value of the currency. Sentiment can change on the news at any time.
- Please Follow Money Management
Gold still may go higher because of the Russia-Ukraine crisisGold's fundamental situation and market sentiment are still positive. So I guess gold still has a chance to test $1970 or go above $2000.
Given the growing demand for gold as a safe haven, given how the United States and its allies are imposing economic sanctions on Russia and are likely to do more, hopefully, the demand for gold will not decrease.
And just as Russia has surrounded Ukraine on three sides, it is only natural that large-scale war could break out at any time. So staying in Gold sell now would not be a sage thing to do.
We should stay in buy mode until each resistance zone breaks out until the next resistance. And if you go to the market swing area, it is better to use small stop-loss and stay in buy mode.
Gold Daily Chart
Technically, gold is just stuck in trendline support and trendline resistance. If the market breaks above the trendline resistance, we can continue our buy till the breakout zone level of $1930/1932 price zone. Breaking above $1932 may open the door for the $1970/1975 zone again.
Conversely, if gold breaks below the trendline support, we can continue our sell target till the $1880/1875 price zone. But as long as gold is above $1875, it will consider an uptrend.
Gold & the possible warWe all persue the news and the recent published news is that: Russia could invade Ukraine "at any time".
According to this news my previous forecast of Gold has failed and we are facing un upward trend now.
As you see in the 1h chart after the upward rally, Gold is about to come down in price and correct the previous wave and there a support level which is probable to hold the price
GoldView Update on 1830 ChallengeAs per our analysis earlier this week, we saw EMA5 break 1818 and 1823 level and secured with candle body close.
This confirmed our movement to 1830. We now have a candle body close and EMA5 break to confirm movement up to 1838. We have some retracement due to the strong 1830 level which was expected to see sellers coming in, however 1823 has now supported this movement. We may see some sideway movement before US session between 1830 and 1823.
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GoldViewFX
GOLD top-down analysis, UPDATED!!Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD is Consolidated I take this for long time because it's going to take time for breakout support. Once it touch to 1780-85 then it should reflect till that time we are not opening any order.
Here scenario is bearish and we all need a best point to place order. Have patience’s don’t be hurry good time is yet to come.
Remember one thing we are not going to place BUY order, next movement will be retest so don’t anguish.
Place your order below 1762-70, our target will be 1745, 1723, 1717 and below.
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Gold ON a SELLIt's another fall SETUP for GOLD
Well this time it will move more down 1715, but before that it should touch resistance of 1772 and 1775. It will be good to place order blow 1770.
Price shouldn't go above 1782, this will change the flow.
Look at 4H chart and see for strong chandle that make sense.
Our target is 1715 and 1668.
If you like this just follow and comment down
AJ126 : GOLD TRADING SEPTEMBER
Overbought - STOCHRSI(14) = 80.516
Overbought - Williams %R = -11.747
Less Volatility - ATR(14) = 4.4036
Buy - RSI(14) = 61.981
Buy - STOCH(9,6) = 69.319
Buy - MACD(12,26) = 2.380
Buy - ADX(14) = 30.455
Buy - CCI(14) = 126.4380
Buy - Highs/Lows(14) = 3.4928
Buy - Ultimate Oscillator = 61.871
Buy - ROC = 0.696
Buy - Bull/Bear Power(13) = 8.3020
GOLD FUNDAMENTAL ANALYSIS LONG TERMWhy GOLD is bearish
A number of factors are driving investors out of riskier assets and into the traditional safe-havens – Treasury notes, Japanese Yen and U.S. Dollar. Gold is benefiting from the drop in yields but also from the plunge in the global equity markets.
Stock traders essentially need some place to park their profits so gold is in some ways benefitting from this. Liquidity is a major factor and gold isn’t as liquid as the three other safe-havens. Gold appears to be taking on more of a hedging role today. Traders may be buying gold as a hedge against a further decline in stocks.
The primary cause of the market turmoil on Monday is a steep drop in stocks in Hong Kong with shares of embattled Chinese developer China Evergrande Group to blame for the move. Hong Kong’s Hang Seng Index dropped 3.3% to close at 23,099.14. Shares of China Evergrande Group in the city plummeted 10.24%, after failing as much as 17% earlier.
Long Forcast
In December GOLD futures were finding support inside a key of technical area at $1757.40 to $1738.60.
Due to sell-off in the stock market and weaker Treasury yields they could offer some relief so that then can beat-up asset which was fallen nearly $100 since September 3. However, they expected that the selling could be resume once the smoke would clear.
In order to have a major rally in gold, the central banks would have to pumped more liquidity into the financial markets, but that is not likely unless there should be 5-10% correction in the stock market. Although such a move is on the central bankers hand and most were worried about withdrawing stimulus from their economies than putting liquidity back in.
A number of factors are driving investors out of riskier assets and into the traditional safe-havens – Treasury notes, Japanese Yen and U.S. Dollar. Gold is benefiting from the drop in yields but also from the plunge in the global equity markets.
Stock traders essentially need some place to park their profits so gold is in some ways benefitting from this. Liquidity is a major factor and gold isn’t as liquid as the three other safe-havens. Gold appears to be taking on more of a hedging role today. Traders may be buying gold as a hedge against a further decline in stocks.
The primary cause of the market turmoil on Monday is a steep drop in stocks in Hong Kong with shares of embattled Chinese developer China Evergrande Group to blame for the move. Hong Kong’s Hang Seng Index dropped 3.3% to close at 23,099.14. Shares of China Evergrande Group in the city plummeted 10.24%, after failing as much as 17% earlier.
Follow for future updates
GOLD Bullish DivergenceGold is over sold and we can spot a Divergence on a support level at 1760, and MACD is giving a buy signal.
i think it may go up until 50-61 Fibonacci levels between (1780-1785) and then go down again or break above the resistance at 1785.
gold longtechnical and fundamental is buy on gold , as you can see buyers are stepping in and price will go higher
This gold trade is currently running at a 1:11 RR 😍Morning Traders
Covered a lot on gold of late and very many ways this instrument can be traded on the two scripts we use.
Ultimately as a trader we have to pick styles and strategies that suit us as individuals.
Thankfully for me our 'EDGE' script is adaptable to any time frame and any instrument.
Working a follow trend strategy here on gold with a set stop loss on the 2 hour time frame.
Only a 26% win rate but as I said in an idea from earlier on in the week that doesn't mean shit.
As always the trade history can be seen below this trade idea too for full transparency.
The higher time frame suit the follow trend approach this trade at time of writing is currently at a 1:11 risk reward.
The last trade was a 1:8 RR and we'll stay in this trade until the next signal presents.
Alert is set ready to share the next trade should I be online - so ensure you're following.
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The stats for this pair are shown below too.
Thank you.
Darren.
XAUUSDAs you can see in the 4 hour chart there is a support area which is between 1773 and 1764.
If this support area could not support Gold price very well we might see that the downward trend continues and Gold falls to at least 1727 and even more.
Plus according to Elliott wave the 5th impulse wave still continues
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please write down your idea