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
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Goldsell
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.
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"hey bro....buy or sell?"
[GOLD W1 May 2021]GOLD
Short Setup
Continuation trade:
Main idea:
With a bullish bias on the dollar, I expect more downward movement in the short term for this corrective movement to play out.
Possible HnS pattern
Short XAU/USDStill doing my exams so not trading at the moment, but I sure have been observing the charts! Few days ago I was certain that xau/usd was bullish, but the indecisiveness at the current level, collapse of eurusd and fundamental factors make me think it's a sell. What do ya'll think?
TP @1680