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Goldsell

XAUUSD BEARISH OUTLOOKGOLD spot instrument keeps falling with the increase of the interest rates in USA and strengthening the dollar. It is showing a consistent downtrend on the 4H graph and it is again under the levels of 1700, first time for five weeks. The instrument broke the daily support level at 1716 and keeps decreasing in price. Bears might look at a short positions with target 1672. RSI is below 30 and MACD histogram is below zero line. Alternatively, the instrument might return and test its previous support at 1716. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
OANDA:XAUUSDShort
by legacyFXofficial
GOLD – SPOT: Selling On RetracementGOLD – SPOT: Selling On Retracement Whilst Under $1787 - $1805 Resistance Area Price Action: Price moved lower from the Bearish Pin Bar Signal that had formed late last week (We did not consider trading this signal, nor did we mention it). Price moved lower from within the range of the Bearish Pin Bar Signal that had formed on Wednesday, August 10th (We suggested trading this signal in the August 11th members' daily newsletter). Potential Trade Idea: We are considering selling on a retracement higher whilst price remains under $1787 – $1805 short-term resistance area that coincides with the recent Bearish Pin Bar Signal that had formed on Wednesday, August 10th.
TVC:GOLDShort
by UnknownUnicorn393254
GOLD - RAPID SCALP - WE ARE KILLING ITHi Team, Please see linked post to see my big GOLD trade set up - it is running beautifully and is just a few pips from TP. If you missed out, we have a lovely scalp opportunity just now. Prices is descending, respecting 1H EMA and giving us clear price invalidation. Look for rejection from EMA and ride the sell down to at least our initial TP (1:10 ratio) and local structure TP2 (1:25 ratio!) Gold scalp is what I do best, so let's make some money. Good luck, trade safe, and please like/share and comment if you like what I do! DrBear
TVC:GOLDShort
by DrBear
2
GOLD: Bearish Pin Bar SignalGOLD – SPOT: Selling Whilst Under Prior Bearish Pin Bar Signal Price Action: Price moved lower from within the range of the Bearish Pin Bar Signal that had formed mid-last week (We suggested trading this signal in the August 11th members' daily newsletter). Price moved briefly higher from the recent Multiple Inside Bar Pattern that had formed early last week (We did not consider trading this pattern, nor did we mention it at the time it formed). Potential Trade Idea: We are considering selling on a retracement higher whilst price remains under the Bearish Pin Bar Signal that had formed late last week.
GShort
by UnknownUnicorn393254
GOLD Detailed analysis for the week aheadHi Team, Last week my analysis for Gold was on point - we saw a big breakdown after the much higher than anticipated Aug Non-Farm Payroll result. This week I am expecting a retracement. We saw rejection of the daily ascending resistance (see chart) and will, I expect, move up to our original sell zone. I do not expect a break above the weekly descending channel resistance. From a chart analysis/Wave analysis stand point therefore, we look good for a Bear run on Gold. The issue will be news. We are all aware of general (international) market sentiment, and that can make things less predictable. So with that said, the news this week: Tuesday 9th Aug at 1230 : Non Farm productivity - Look for a higher number than -4.5% (AKA closer to 0) to indicate bullish pressure. If lower, we may see a push to higher entries. Tuesday 9th Aug at 1230 : Unit labour cost. This is expected to be lower than previous which is bad (Bearish) for the USD, and therefore bullish for gold. Overall impression for Tuesday 9th Aug: Expect Gold to climb toward previous sell zone. Wednesday 10th Aug at 1230 : This is the "big" news day this week. The main two things to look for are the CPI month on month (MoM) and year on year (YoY). Without over complicating things for you, a HIGH number is good for the USD, and therefore bearish for Gold. The FED has maintained a very aggressive stance regarding inflation, and I would be unsurprised to see a figure higher than anticipated. In that scenario, I would expect a significant drop on Gold - this time looking for it to break daily ascending correction. Overall impression for Wednesday 10th Aug: Look for a big impulse down on news release. If it goes against us, expect repeated rejection from descending weekly resistance. Thursday 11th August at 1230 : Several moderate impact USD news events, but none likely to contribute significantly to the impulse commenced on the 10th. IJC and PPI are set to be approximately equivalent. Overall impression for Thursday 11th Aug: No major changed expected. Friday 12th August at 1400 : Michigan Consumer Sentiment Index (MCSI) This is high impact news. The current anticipated reading is slightly higher than last months recorded, and therefore likely to be bullish for USD. This will play out in one of three ways: - If we started a bear run on Wednesday, look for continuation and break below the trend line noted on the chart. - If we started a bull run Wednesday, look for rejection from descending weekly resistance - If this reading is lower than expected, we may get another bounce up from the ascending daily correction support noted on the chart Overall impression for the week: I expect a climb to the recent sell zone before news on Wednesday pushes the price of Gold down, a move expected to continue after news on Friday. I will post closer time-frame set ups over the next couple of days, so please like follow, share and subscribe! Good luck, Trade safe DrBear
TVC:GOLDShort
by DrBear
2