GOLD SELL - 15 Min EntriesGold has broken out of 2 bullish trend lines and I am looking for a retest of the resistance level before entering a sell position.
Price may sweep the highs to take out the liquidity above resistance before moving bearish.
I will be looking for the retest then waiting for a closure below $2321.30 for extra confirmation.
Goldsell
XAUUSD Forecast
This chart depicts the price movement of Gold Spot in relation to the U.S. Dollar over a period of time, likely on a one-hour timeframe based on the label. Here's a summary of the chart analysis:
The chart shows a pattern resembling a rising wedge formation, characterized by converging trend lines sloping upwards.
Within this pattern, there's a series of higher highs and higher lows, indicating an overall bullish trend.
However, towards the right end of the chart, there's a suggestion that the price might break below the lower trend line of the wedge, potentially indicating a reversal of the previous bullish trend.
The annotation on the chart suggests a potential projection of the price movement, anticipating a decline following a possible breakout below the wedge pattern.
This projection is speculative and depends on various factors such as market sentiment, economic events, and geopolitical developments.
Gold is forming a correction rhythm ! Increase⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price fell slightly on Tuesday in the North American session due to a weaker-than-expected S&P Global Purchasing Managers Index (PMI) report. Despite the Greenback's weakness, buyers were unable to take advantage, while US Treasury yields declined. XAU/USD traded at $2,323, down 0.11%. The US 10-year Treasury yield remained steady at 4.402%, while US real yields, which have an inverse relationship with gold prices, dropped 0.41% to 2.192%, benefiting the precious metal.
⭐️ Personal comments NOVA:
Gold prices are showing a downward adjustment after a strong price increase in early April. They will continue to decrease after military tensions show signs of cooling down.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2283 - $2285 SL $2278
TP1: $2295
TP2: $2302
TP3: $2310
🔥SELL GOLD zone: $2347 - $2350 SL $2355
TP1: $2335
TP2: $2320
TP3: $2300
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
XAUUSD: Target 2305-2283
Gold is so crazy today, it has not seen such violent fluctuations in a long time.
Due to the sudden war news, it quickly broke through 2400. After reaching around 2430, it started a plummeting mode, with a drop of nearly $100.
Maybe it's a coincidence, but we can't rule out that this is controlled by funds. Bulls are creating shipping opportunities. Otherwise, if the market were to run on its own, there would hardly be such a big fluctuation.
I have clearly reminded everyone of this yesterday. You must pay attention when going long, especially chasing long positions at high levels, because once large funds are shipped, it will be a terrifying unilateral plummeting trend. Everyone has seen it today.
The market is so ruthless.
Currently, after experiencing a sharp decline, it needs a buffer, so if no bad news comes out over the weekend, then the rebound repair phase should be next,
Focus on the 2350-2378 range. Before it returns to 2280, the trading direction is still mainly high selling.
XAUUSD:Here comes the big short opportunity
Gold has risen again when the support is effective. Trading after a sharp rise like this is very simple. You can't go wrong by going short, because after a sharp rise, the indicators need to be repaired.
So if you want to trade, just go short and just pay attention to the support levels.
At present, the support is first around 2374, then around 2366, and then the 2362-2354 range.
The current gold situation has gone against the entire economic environment. It is possible that the main funds are taking the opportunity to boost shipments. Therefore, friends who are chasing bulls at high levels must pay more attention, do not be too greedy, and do a good job in risk management.
Because once they complete their goal, it is very difficult to return to this position again. Instead, a violent unilateral trend will occur when it falls.
WILL XAUUSD REBOUND FROM 2300 ? 💼✨Embark on a Golden Odyssey! 💫💎✨
🔥 Attention, savvy traders! Prepare to plunge into the radiant realm of GOLD! 💫 With XAUUSD taking center stage, let's navigate the twists and turns of this captivating market. 💰📈
🌐 As the golden bull charges ahead, shattering records like never before, it's crucial to remain alert amidst the whirlwind of opportunities. 📊💥 But fret not! Within the narrow confines of 2302.50 to 2294.50 lies both caution and potential. 🚀🔒
🔮 Peer into the crystal ball, and you'll catch a glimpse of the potential for an exhilarating downward correction. Yet, in this dance of fortunes, lies the essence of trading wizardry! 🌈✨
📈 Envision this: A daring breach above the range could ignite a frenzy of buying, propelling us to the lofty peaks of 2310.50 . Conversely, if we descend below, seize the opportunity to sell and gracefully ride the waves down to 2287 and 2275. 📉🚀
🤓 Your journey through this analysis isn't just informative; it's actionable! 🚀 Let your support amplify these vibes, and remember, trade smart, trade safe. 💡✅
✌️ Until we meet again, may your trades be bountiful and your path adorned with triumph! 🌍💫💰
Xauusd sell Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast
Gold sell confirm signal
Gold now sell 2247
Target 2240
Target 2230
Target 2200
SL 2270
Gold weekly Target Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now sell 2233
Target 2215
Target 2200
Target 2180
SL 2255
Gold price holds near a fresh all-time high at $2,236 in thinned trading amid the Easter Holiday. Most major world markets remain closed, although the United States published core PCE inflation, the Federal Reserve’s favorite inflation gauge.
The United Nations Security Council passed a resolution urging a ceasefire between Israel and Hamas, along with the release of hostages. However, the conflict in the Gaza Strip continues unabated, with Palestinian militants yet to release any captives. The Palestinian Red Crescent reported that Israeli forces besieged two additional Gaza hospitals on Sunday, trapping medical personnel amidst intense gunfire. The escalation of geopolitical tensions has heightened demand for safe-haven assets like Gold.
GOLD TRADE IDEA / POTENTIAL BEARISH BREAKOUNT Hello Traders!
I'm looking for a short trade on GOLD. I see the price in a key resistance level where I expect a bearish momentum until the PWL. In case of confirmation, i will execute this trade.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you enjoy this idea! Also, share your ideas and charts in the comments section below! This is the best way to keep it relevant, support us, keep the content here free, and allow the idea to reach as many people as possible.
____________________________________
www.tradingview.com
GOLD-Has a head and shoulders top formed?
Yesterday, the United States released some inflation data indicators. After experiencing the worst year for real estate sales in the past three decades, house price growth accelerated in January, with house prices in 20 major cities rising by 6.59% year-on-year, higher than the 6.2% increase in December last year. increase. Other economic data showed that U.S. durable goods orders increased by 1.4% month-on-month in February, and core capital goods orders increased for the first time in three months. However, the month-on-month value of durable goods orders was further revised down to -6.9%. The Conference Board's consumer confidence index in March also showed lower than expected and previous values, all of which indicate that the U.S. economy has obvious signs of contraction.
Public data reports that due to the impact of interest rate increases, the Federal Reserve's total interest expenses will be US$281.1 billion in 2023, 2.75 times the expenditure in 2022, of which interest expenses related to reserve balances will be US$176.8 billion, nearly tripling compared with 2022. The Fed's losses are floating losses and will not affect the Fed's operations, but will aggravate the already huge U.S. government fiscal deficit. (This is also an important reason why the market expects the Federal Reserve to cut interest rates this year. Excessively high interest rates mean increasing operating costs for oneself)
U.S. regulators have warned that if U.S. debt continues to soar, it could trigger a crisis. The ratio of U.S. debt to the country's GDP will exceed the highest level during World War II of 116% in 2029, and will rise to 166% of GDP by 2054 (meaning that a debt crisis may occur at any time, and once it occurs, it will trigger turmoil in the global financial market. In view of this, it will also force the Federal Reserve to lower interest rates as soon as possible.)
Yesterday, gold reached as high as 2200, but did not break through, and then fell sharply.
From a technical point of view, firstly, because the timing is wrong, the Asian market does not move, the European market starts to rise crazily, and the US market is in place before it even opens, which is equivalent to compressing the room for rising prices in the future.
Second, the growth rate was too fast and directly touched the overbought zone. Therefore, although the data was bullish after the US market started, it could not withstand the flight of profit-making funds.
The upward trend is still maintained above 2145, but as can be seen from the chart, the H4 cycle has formed a head and shoulders top pattern. The left shoulder is at the previous high of 2194, the top is at 2222, and the right shoulder is at Tuesday's high of 2199.
As long as this pattern remains unchanged, there will be room for a sharp decline in the market outlook. For the current market, it is still maintaining an upward trend. Therefore, in the short term, it will still be a high fluctuation under the upward trend, and it will only be possible after it falls below 2145 in the future. There is room for decline
Today we can sell based on yesterday's high point. The 50% and 61.8% golden section positions are 2185 and 2189. The important resistance point is 2197. Control your position reasonably so that you can finally make a profit.
Join me, I will analyze every day, let us improve the success rate of trading together
Xauusd confirm signal sell Gold News: Read the Latest Analysis on XAU/USD
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Retail trader data shows 50.43% of traders are net-long with the ratio of traders long to short at 1.02 to 1.Traders have remained net-long since Mar 01 when Gold traded near 2,082.75, the price has moved 4.24% higher since then. The number of traders net-long is 11.14% higher than yesterday and 7.51% higher than last week, while the number of traders net-short is 6.18% higher than yesterday and 16.42% lower than last week.
Gold now sell 2191
Target 2188
Target 2184
Target 2180
Target 2160
SL 2210
FOMC, Gold prices peak or fall sharply ???⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is still struggling to gain momentum and remains within a limited range, staying above the $2,150 level as we head into the European session on Wednesday. Speculation has been fueled by strong US consumer and producer inflation data released last week, suggesting that the Federal Reserve (Fed) will maintain its stance of keeping interest rates higher for a longer period. As a result, US Treasury bond yields remain elevated, which continues to support the US Dollar (USD) and puts pressure on gold, which does not provide any significant boost due to its lack of yield.
⭐️ Personal comments NOVA:
Interest rate information is very important today, a lot of previous information showed that interest rates will continue to stay the same
The US economy needs more time to reduce inflation, which is the factor pushing Gold prices to DOWN, facing huge buying pressure from the beginning of 2024.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2148 - $2146 SL $2143 scalping
TP1: $2155
TP2: $2160
TP3: $2165
🔥BUY GOLD zone: $2135 - $2137 SL $2130
TP1: $2145
TP2: $2160
TP3: $2174
🔥SELL GOLD zone: $2175 - $2177 SL $2183
TP1: $2170
TP2: $2160
TP3: $2150
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Gold: Equal Low Break + RetracementGold has been moving just as I want it. The EQUAL LOWS at the 2153 area have been broken. Now price is retracing just as expected.
........................................
Price is king.
......................................
Kindly join me on TikTok @smcsmartsniper.
Gold trading trend next Monday
There will be no special news next Monday, and gold will fluctuate and consolidate. In the Asian and European markets, I think the possible operating range for gold is between 2150-2165. If there are new breakthroughs, I will update with new trends.
Operation strategy:
buy 2148-2153
sell 2163-2165
Set a smaller stop loss range.
I will update my analysis or signals if any range is broken, please join me. And give me a like. thank you all. Find me ↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓