GOLD - DAY TRADE VIEWGOLD - As per the price action, trend lines , & technical indicators gold is expected to go down from the current price.
My approach will be a sell here at current price 1800
Potential downside target 1794 - 1788
Maintain stop loss around 1807
Trade as per your risk appetite, I will be glad to see your likes & comment.
Goldsell
Gold, If breaks below the triangle, Short possible
Welcome back Traders, Investors, and Community!
Hi Traders, Gold has formed a Symmetrical Triangle after the breakout of the major Resistance with a big red candle which is a sign of continuation to lower levels. The closest Pullback area above the triangle would be 1767.95 however it is very unlikely that the price goes up to that price before breaking below the triangle.
⬇️Sell now or Sell at 1767.95
⭕️SL @ 1777.51
✅TP1 @ 1754.18
✅TP2 @ 1742.0
✅TP3 @ 1725.0
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
GOLD: Short Signal Ready To ApplyGold today is trying to break the current support of 1770. Which is what I expected. But it is not done yet. So we are waiting for confirmation of a H4 candle close below the 1770 level to open a sell position for the Tp1: 1750 and TP: 1724 levels if bearish volume is still high.
Gold sell starting to make its move 👇New trade entry details are shown on the chart.
This srategy is a follow trend with as stop loss.
Trade history can be seen below this trade idea too for full transparency.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
XAUUSD Technical Analysis
Gold is in strong downtrend and can clearly see more big red candles than the green ones which suggests the price has tendency to go lower. We already had a Pullback at 1795.36 and the second Pullback might happen again which would make a double top at 1795.36, but if it doesn't happen we expect the price to go lower to at least 1743.16
Have a Profitable Day
If you find this helpful and want more FREE forecasts in TradingView
Please show your support back,
Hit the 👍 LIKE button,
Drop some feedback below in the comment!
❤️ Your Support is really appreciated!❤️
Gold ideas on 16 June 2021 #H4On 16 June of 2020, we see gold runing in a box range between 50-60 , but Rsi move up from 30- 41 , which mean price go flat rsi up => a sign for sell
Wait to sell from 1860-1865 , Target 1840.
Since FED metting coming up, could be good new for US Dollar, when im writing this DXY price around 90.500
GOLDEN DROP
GOLD has been making a weekly downtrend
All the fundamentals are making bearish pressure
If the market reacts to our analysis, it will be a great oportunity
TIPS: Enter in a Lower time frame
Don't forget stop-loss
Plz make confluence with other sources
"Don't predict the market, let the market react"
"Patience is the success for trading"
If you like this idea plz follow for updates
Happy trading!
XAUUSD Smart money will not buy itHi there,
We are completing last bull trap on Gold downtrend cycle, after this last push on the upside, get ready for gold to have 3 months of downtrend again, as the Monthly timeframe is showing us that
Im not interested in buying gold, waiting for clear entries now for the downside.
Gold next stepsI can see gold following through from my idea in April.
As there keeps being news on the USD strenghtening and weakening will determine where gold goes next.
strenght of the USD may see gold to continue following through the trend and fall.
A weakening USD may see gold go back up to the current resistance causing a break in the trend.
Personally I have entered sells with a SL of 1950
Tp - 1600
But let see what happens.
What do you think?
Gold bullish or bearish ??? check herehello everyone hope you all doing good. i took a lot of time to find what would be the perfect level to enter a good long position so here is my view i have calculated all the important levels and came to this conclusion that if we somehow closed in that blue zone gold will surely do a bullish move of 300-500 pips. so that means you can enter long if we close at 92-94 level for target 1814 - 1825 - 1837 - 1847 - 1866 because if we look at previous price action above 92 is always consider good bullish momentum for gold also i have drawn a yellow trend line which could act as support for gold bulls but consolidation could mess up with this trend line. Now if we talk about bears if we go and check gold history it made triple top before massive down trend years ago we have already seen gold hitting 97-98 twice so this could be a jackpot if it tries to reach that level again we can take a good short at 97-98 levels for target 1752-1738-1700-1619 levels but if bulls manage to close daily above 92 the idea is not valid . Possible fib areas are 1818-1825-1850-1872 to look for shorts you can definitely get some piece of cake on these levels. So simply daily closing above 92 go long and else keep shorts below it. Do not miss triple top at 97 but with tight stop loss. Good luck
Maybe a double top on gold ?The price of gold is currently making a double top support and resistance between 1808.60/1843.31.
Especially since the price is close to a bearish oblique resistance located at the level of 1855, we are therefore back in the selling area which is still preferred.
The target of the double top would be 1773.49 or less than -34.91 points (-1.93%) and corresponding to a buying zone with several support identified between 1782/1769.50.
SELL CHAPATI SELL CHAPATI.......... .GET RICH OR DIE TRYING .............FOR THOSE THAT FOLLOW ME OR CHOOSE TO FOLLOW ME,I WILL KEEP UPDATING THE IDEA ON WHEN TO TAKE PROFITS AND WHEN TO EXIT THE TRADE.........
DONT FORGET TO HIT THAT LIKE BUTTON IF YOU LIKE CHAPATI AND IF YOU DONT LIKE,THEN FOLLOW AND DONT BE INBOXING ME like......
"hey bro....buy or sell?"