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XAUUSD ShortGold Bias is Sell. We plan 2 entries if 1 SL hit then we enter 2nd trade. Remember 1 thing Both entries trigger before downside liqudity sweeps that mark in the chart. Gold Price Overview: Consolidation Amid Bearish Bias Sentiment: Bearish - Key Factors: - USD Strength: Fed’s hawkish projections and higher US Treasury bond yields keep the Dollar supported. - Thin Trading Conditions: Holiday season liquidity could lead to exaggerated moves but favor the safe-haven USD. - Bearish Technical Setup: Gold remains below key moving averages, with the RSI signaling selling pressure.
OANDA:XAUUSDShort
by maliabid
Gold Ready to Fall: Bearish Move Expected📉 Gold Bearish Short-Term Outlook 🔹 Price Targets: 🎯 Target 1: $2,610 🎯 Target 2: $2,586 🔹 Stop Loss: $2,646 📈 Why This Trade? ✅ Double Top Formation: A clear bearish reversal pattern suggests further downside movement. ✅ Strong U.S. Dollar: The strengthening dollar is putting pressure on gold prices. ✅ Rising Treasury Yields: The recent increase in U.S. Treasury yields makes gold less attractive compared to interest-bearing assets. ✅ Reduced Safe-Haven Demand: With easing geopolitical tensions, the demand for gold as a safe haven is weakening.
FX:XAUUSDShort
by ValchevFinance
XAUUSDHello Traders! 👋 What are your thoughts on GOLD? Gold, after a significant drop last week, has shown a reaction near the support zone and entered a corrective phase. This upward correction is expected to continue until the price reaches the specified resistance zone. Based on the market structure, it is anticipated that after completing the correction, the price will likely reverse from the resistance zone and decline towards the identified support level. Don’t forget to like and share your thoughts in the comments! ❤️
OANDA:XAUUSDShort
by HAMED_AZ
6
Gold Spot Analysis: Crown Pattern Signals Potential ReversalGold's recent price action on the 4-hour chart has unfolded into a fascinating Crown Pattern, hinting at a potential bearish continuation. This pattern, often associated with trend reversals, presents a compelling opportunity for traders to position themselves for the next move. Currently trading at $2,614, gold appears to be forming a consolidation phase within a descending triangle, signaling growing bearish momentum. Key Observations: Crown Pattern Formation: The clearly defined Crown Pattern suggests the exhaustion of the recent bullish wave. The structure follows classic measurements, with XA and DG ratios aligning closely with textbook values. The neckline at $2,630 has already been breached, solidifying the bearish outlook. Descending Triangle: Gold is consolidating within a descending triangle just below the neckline, with lower highs and a flat support line. A decisive break below $2,596 could trigger further declines. Key Support Zone: Immediate support lies at $2,554.55, coinciding with the Crown Pattern's projection target. This level will be crucial for bears to maintain their dominance. Bearish Momentum: Momentum indicators, combined with volume analysis, show waning buying pressure, further reinforcing the likelihood of a downward move. ------------------------------------------- Expected Scenarios: Bearish Continuation: A breakdown below the descending triangle at $2,596 could pave the way for a decline toward $2,554 and potentially lower. Bullish Reversal Invalidated: If gold manages to break above $2,630 and sustain above this key level, the bearish outlook will be invalidated, opening the door for a retest of $2,670.
FOREXCOM:XAUUSDShort
by melikatrader94
8
XAUUSDHello Traders! 👋 What are your thoughts on GOLD? Gold has recently broken its ascending trendline and is currently trading below the resistance zone. It is expected that after a pullback to the broken level, the price will resume its downward movement, targeting at least the specified support level. If the price confirms the pullback and reacts at the resistance level, short positions can be considered. The initial target for this decline is the identified support zone on the chart. Don’t forget to like and share your thoughts in the comments! ❤️
OANDA:XAUUSDShort
by HAMED_AZ
16
Xauusd (GOLD): I am thinking to short positionshello guys! let's analyze GOLD Liquidity Hunted: The chart highlights a liquidity grab near the recent high (marked as hunted), where the price spiked above resistance before reversing sharply. Downtrend Movement: Gold has shown strong bearish momentum, breaking below a rising trendline and key support levels. A continuation toward the gray demand zone around $2,585–$2,595 is likely. Key Demand Zone: The gray highlighted area is the next potential support, where buyers may step in to halt the decline. Scenarios: Scenario 1: If the price respects the demand zone, a short-term bullish rebound towards $2,620–$2,630 can occur. Scenario 2: Failure to hold the demand zone could push Gold further down toward the blue support area near $2,539–$2,535. Conclusion: Gold is currently bearish, with a strong possibility of reaching the demand zone at $2,585–$2,595. Traders should monitor this level for signs of a reversal or continuation, with $2,539 as the next downside target if support fails.
OANDA:XAUUSDShort
by melikatrader94
22