Goldsell
XAUUSD Today Trading Idea.G'day, Guys.
Today we going to analyze XAUUSD / GOLD.
Last week prediction moved as predicted. The only difference is the price move further high reaching for the swap zone that was created on 28 June 2021.
I consider this zone is a strong resistance level, only high speculation happening is able to break this level.
In case this level is broken, we looking for another target on 1801 price tag. For now, I am still positive this zone is the level for the price to complete the market structure.
Let's dance with the market and see what happen next.
GOLD W2 Aug 2021GOLD
Short Setup
Continuation trade:
👉🏻 With the recent dump due to NFP, price could be forming a huge WXY correction, with a 3-5-3 move. An extension of ABC in the Wave-Y is possible.
📰 Investors are also keeping an eye on Wednesday's CPI data.
Zones
Xauusd/Gold Analysis next week❗Xauusd/ Gold Analysis
Gold is still trending in the major Daily bearish momentum.
According to Technical analysis and Market structure, gold made a lower high after failing to break above previous structure high
After retesting the 50% retracement of the previous daily LH level Gold is now forming a Head&Shoulders indicating that there is a strong possibility of price breaking below the neckline to continue it’s overall bearish momentum
Major Trend – Bearish (creating higher lows and lower lowers)
Price Action Pattern – Head & Shoulders
Ema’s – Retested 20, 50 & 200 after breaking below
Once price break below the H&S neckline it will surely get to 1750 and then to 1700
My bias is bearish due to all technical factors shown in this document. I would only be looking to take short positions in current market conditions. For the week ahead that will be my bias for Xauusd / Gold I will only than scale into lower timeframes for possible entries
Gold wont Break 2000 this year idea is to short and continue short until we hit 1490 . we have been rejected from 382 levels and 618 levels ( which was also 50% levels if you check on fibs i made ) so now its heading towards 786 levels which are at 1750-54 which can play as good support to play longs but if we close below 1750 on h4 or daily next target will be 1729 for shorts . we can look for longs at 1729 with sl 1726 for target 1750-70 which is 618 levels but if we break 1725 and h4 or daily close below it next short target will be 1680 this time . Good luck
Xauusd/Gold AnalysisFX:XAUUSD
XAUUSD/Gold Analysis
- The US Dollar fundamentals came out positive which can made the dollar to gain some strength of which Gold might get weak
- by Following the technicals gold is now in a corrective fase of which we might see a bearish breakout due to the previous daily low that has been taken out and now been retested
Could we see a bigger downside?On the daily it still looks bearish maybe some small pullbacks, my entry for this trade was at 1808, my SL is at 1825 and target 1 is at 1770.
Also have confirmation on the lower TF where there was some good sell entries both expotential & simple moving averages crossed giving the perfect entries.
Still waiting for the H1 & H4 to cross too confirm a long term sell.
What do you all think?
Please share your ideas
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.
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.