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Goldsell

GOLD: Bearish Multi-Bar Fakey SetupGOLD – SPOT: Selling On Retracement To Within The Range Of Bearish Multi-Bar Fakey Setup Price Action: Price moved lower from the Bearish Multi-Bar Fakey Setup that had formed mid-last week (We suggested selling on a breakdown of this setup in the Sep 22nd, members' daily newsletter). Price exploded lower from the prior Bearish Multi-Bar Fakey Setup that had triggered early last week (Price just tickled above this Setup, before collapsing back down), (We suggested selling on a breakdown of this setup in the Sep 12, weekly newsletter and hopefully, some traders got on board) Potential Trade Idea: We are considering selling on retracement higher to within the range of the most recent Bearish Multi-Bar Fakey Setup that had triggered late last week.
TVC:GOLDShort
by UnknownUnicorn393254
Sell the break of yesterday low on Gold.Gold - Intraday, 9 pm UK time - We look to Sell a break of 1653.22 (stop at 1670.57) The medium term bias remains bearish. We can see no technical reason for a change of trend. A break of yesterdays low would confirm bearish momentum. The measured move target is 1610.00. Our profit targets will be 1613.40 and 1600.00 Resistance: 1689.00 / 1736.00 / 1800.00 Support: 1613.00 / 1516.00 / 1370.00 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDShort
by OANDA
GOLD: Bearish Multi-Bar Fakey SetupGOLD – SPOT: Selling On Retracement Higher To Within The Range Of Bearish Multi-Bar Fakey Setup Price Action: Price formed a small Bullish Tailed Bar Signal late last week (We are not considering trading this signal). The exploded lower from the Bearish Multi-Bar Fakey Setup that had triggered early last week (Price just tickled above this Setup, before collapsing back down), (We suggested selling on a breakdown of this setup in the Sep 12, weekly newsletter and hopefully, some traders got on board). Potential Trade Idea: We are considering selling on retracement higher to within the range of the most recent Bearish Multi-Bar Fakey Setup that had triggered early last week.
TVC:GOLDShort
by UnknownUnicorn393254
1
GOLD: Bearish Multi-Bar Fakey SetupGOLD – SPOT: Selling On Breakdown Of Potential Bearish Multi-Bar Fakey Setup Price Action: Price formed a Bearish Tailed Bar Signal late last week (We are not considering trading this signal). Price has been forming a Potential Bearish Multi-Bar Fakey Setup since Tuesday, Sep 6th (This setup will only trigger if price breaks down below the Mother Bar). Price moved lower from the Bearish Pin Bar Signal that had formed on Thursday, August 18th (We did not consider trading this signal, nor did we mention it at the time it formed). Potential Trade Idea 1: We are considering selling on a breakdown of the current Potential Bearish Multi-Bar Fakey Setup. Potential Trade Idea 2: We are considering selling on a retracement higher whilst price remains under $1765 short-term resistance level that coincides with the recent Bearish Pin Bar Signal that had formed on Wednesday, August 18th.
TVC:GOLDShort
by UnknownUnicorn393254
1
GOLD another opportunity !!GOLD (4H) is in a long-term downtrend. After the previous monthly close, we see gold almost approaching the support and it is a high probability that GOLD may break the monthly support as the long-term trend is highly bearish. Currently on 4H Gold has formed a head & shoulder and the price currently tests the neckline of the head & shoulder. Once rejected, there is another selling opportunity one GOLD may appear. Smash the like button if you enjoy this content :)
TVC:GOLDShort
by ForexWizard01
1