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
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Goldsell
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.
GOLD is preparing to break monthly support?GOLD (4H) is currently below the daily support level and has formed a bearish Doji. As the long-term trend is bearish, monthly, weekly, and daily price action is strongly bearish and the price is likely to continue to drop and we may see monthly support broken.
Upon retest of daily support as resistance and rejection, a sell trade is highly probable :)
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 $1765 short-term resistance level that coincides with the recent Bearish Pin Bar Signal that had formed on Wednesday, August 18th.
Could Gold Fall Below 1300?The Weekly on Gold shows a few interesting things.
1. Double Bottom.
2. The most recent candle is a doji.
3. Price often is rejected in this area in the past.
These could be potential bullish signs.
HOWEVER
On the other hand, if price continues to go down, it could turn into something similar to what happened beginning in April 2013.
Price pushed down about the same amount as the range it was in.
GOLD another opportunity !!GOLD (4H) is in a long-term downtrend. After the previous monthly close, we see gold almost approaching the support and it is a high probability that GOLD may break the monthly support as the long-term trend is highly bearish. Currently on 4H Gold has formed a head & shoulder and the price currently tests the neckline of the head & shoulder. Once rejected, there is another selling opportunity one GOLD may appear.
Smash the like button if you enjoy this content :)
GOLD SELL SCALPHi team
I had a few issues with my laptop - sorry for late posting!
I will be doing a full analysis soon.
Gold is following swing direction (see linked post).
I think we have a scalp here! Speed is of the essence, so details later.
Like what I do? Why not follow and like my ideas!
DrBear
XAUUSD Gold 15 Min chart Demand and Supply Levels.XUAUSD GOld 15 Min chart Demand and Supply Levels.
Bullish Supply Range ( Go Long) - USD 1,714/- to USD 17.14.50/-
(Blue Circle in Image)
Bearish Supply Range ( Go Short) - USD 1,732/- to USD 1,730/-
(Red Circle in Image)
#Gold # XAU
Suggested Move - Short at USD 732/- to USD 1,730/- range
XAUUSD 5 SEP 2022 - Prediction XAUUSD Trading at 1714$ per Ounes.
We Expect gold for Short Term Selling from 1726 to 1736 Area.
Use Trailing Stop and proper Money management with not more then 2% of risk on your whole capital.
If Gold breaks the Trendline and moves up it will change the trend.
Use Tight Stoplosses in your Trades.
Close half of your tardes while approaching to half or the target Area.
Regards:
Syed Abdullah shah
GOLD SELL TODAY QUICK SCALP!Hi Team
I have hit at least TP1 on EVERY SINGLE POST for the last three weeks.
Nod bad, eh!?
This one is simple. We got a quick grab on gold earlier this week, and now we see a minor retracement. Gold moves VERY fast on news events, so my advice is to be in and out quickly with this one!
Keep a look out for daily posts (I am on call night shifts this week - so saving lives AND saving your money!)
Let's continue to move forward and make gains - I have exceeded my monthly salary this week alone.
As ever - be sensible, be patient - always use a SL.
Good luck, Trade safe.
DrBear
XAUUSD / GOLD 💠 for #XAUUSD 📈
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🔰Gold did not reach the price of 1680, which is considered a strong support area, although there is a high probability of breaking it.. so I think that it will return the decline to 1680, and this is indicated by the weekly frame.. Among the most important reflexive areas that will lead to its descent are at the price: 1722 and 1731. It is better to Sell at these price zones