Gold the Big ShortGold formed a trible top and made a strong push lower under heavy volume yesterday. a nice short trade entering the 1H FV zone. Potential over 4 R
Goldshort
Sells on Gold As I would have mentionedFeels good to be right....As I would have mentioned in the video all of this is documented and on the record, Have a great day guys
Technical analysis of goldIn the monthly time frame, the price has multiplied to the ceiling of the channel for the second time. In the same price range, Fibonacci 1.1618 of the previous wave has also been hit. You can show a 5 wave formation and we are a divergence between wave 3 and 5.
It is expected that the price will experience a correction.
Emerging Pattern: Is Gold a Short or Long Opportunity?Good day Traders,
Trust your day is off to a great start.
Here is my analysis of the gold market.
1. Pattern : emerging bullish butterfly with 1% tolerance.
2. Completion : The pattern is projected to attain completion at point D, which is approximately at 2334.638 on the chart, which is why we are considering short position.
3. PRZ Zone : The potential reversal zone in anticipation of a bullish reversal ranges from 2334.638 to 2261.280. This where we intend to close our short trades
4. Target Levels : The targeted levels are T1 at 2401.823, T2 at 2370.158, and T3 at 2335.314.
5. Entry : I am looking to confirm a break and close below 2452.511 price region downwards, with solid market resistance before entering the sell trade. Why wait for a break and close below 2452.511? The broken H1 supply zone could act as a demand zone thus pushing price upwards.
6. Invalidation : Should there be a break and a close above the H4 supply zone at 2483.74, this would invalidate the setup and the associated trade idea.
Please note : Rising tensions in the Middle East can increase demand for gold (thus increasing its price further) as investors seek to protect their capital from potential market volatility.
Cheers and happy trading!
Gold will fall to 2419.00 - 2430#XAUUSD Update..!
Short | bear movement ⚠️
Gold already reaches the highest level of gold and breaks the Market structure already. A local bearish movement is confirmed. But I have doubts about the Candle which came from the manipulation area.
However market structure breaks with the same direction Fvg block. So that means Fvg is high value. I expected The market will reach the 2416 - 2430 zone with next few hours.
use at your own risk
Possible short now in Gold...beware is showing a lot of strengthXAUUSD_2024-08-12_22-46-06_73440.png
XAU USA has been bullish along with XAG USD Silver today. There is some weakness in Gold right now. Possible short at top of cycle. Ideally wait for it to fall out of the rising wedge.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD will fall todaygold price is over all in buy but for short term it will have a retracement around 2400 levels
SELL XAUUSDYou can sell on XAUUSD and set your TP and SL as sat on the chart.
Our target is based on the EQ of the last move.
Follow for more!
GOLD SELLAs last we have witnessed a heavy news week as it was ending of month and quarter too but as the month starts and everything gets normalized Gold is following its direction and being directional means gold is following its bearish path as we have a rally downwards last week and gold has made a Fibonacci retracment of 68.1% on one Hourly time frame also gold is rejecting its Daily and 4H Resistance and getting accumulated over it so its high probability that gold will start its downward journey soon
so am keeping an eye and waiting for a price action so we can enter
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
What a day on the markets!
Yesterday we said we would want to see price push up into the higher resistance levels for the long trades and if we got a RIP there an opportunity to short would be available to traders. What an opportunity that was! We update trades during the London sessions stating that there was no clear sign of the move stopping or a reversal in play, and for that reason to hold runners until we find support to long. We had the 2360 level in mind, and once attacked said if it didn't break the bounce should take us back up into the 2390-95 region initially.
Now we have that flip again making the 2420 price point the resistance to be attempted and broken in order to complete and correct the move back upside to create a new ATH. Our issue here as mentioned earlier is that price is looking like it will want to retest that low, so if you're in long it might be an idea to protect and take partials. Levels are to be tested with a risk model in place, if you're uncomfortable and less experienced, let the chop end before entering these markets.
If we do struggle above, they will want to clear the BE traders before then attempting to move it again, which will now likely be tomorrow. So, resistance 2320 key level, needs to hold to then retest. If we can break above, bar the extreme stretch, we should get the move we wanted.
As always, trade safe.
KOG
Xauusd Down Trend
XAU/USD, which represents the price of gold in US dollars, is currently exhibiting a bearish trend. The price has been declining steadily from 2406 to 2375, suggesting a downward movement in the market. This downward momentum indicates that sellers are in control, pushing the price lower. Traders and investors monitoring XAU/USD may be observing the trend closely to make informed decisions regarding their positions in the market.
XAUUSD Sell Oppotunity 2389.00 - 2390.00The pair already structure break and trying to go
for last support level in higher Time frame. the analysis
recommend to open sell order with FVG 2389.00 - 2390.00
with 1:2 RR. 1:1 RR Make sure to book particles of profit
and breakeven.
Waiting for confirmation.
My selling setup. use at your own risk
Trade idea - XAUUSD Short4H
Bearish impulse / break of last HL: indication .
Pattern within pattern: confirmation.
Head & Shoulders, Bearish W.
Clear support & resistance zone is there.
1H
From 1H POV market is approaching in a corrective way towards entry zone.
= Sell limit.
Why (I think) Gold BoughtManipulation, Probability & Understanding. That is it, Watch the video for me to explain these concepts deeper.
Unswervingly short goldAfter reaching around 2370, gold rebounded again and is currently hovering around 2390. Gold seems strong, but it is always difficult to reach the key suppression area and cannot form an effective breakthrough, so I think that gold is still dominated by shorts as a whole.
Gold is currently facing two key suppression levels, one is the 2400-2405 area, and the other is the 2410-2415 area. If gold cannot overcome these two resistance areas, then the gold shorts will counterattack at any time, so before regaining the 2410-2415 area, there is no doubt that in terms of trading, I always insist on a short-selling trading strategy. The short-term support below is around 2376, followed by around 2368. If gold falls below the support in this area, gold will also test the 2350 area, or even 2330.
So in terms of short-term trading, I still insist on shorting gold!I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
GOLD Pattern FormationThis commodity has been forming a bullish pattern, according to the higher timeframes (weekly) and it has retested the upper trend line again.
I do anticipate that it might test the 0.2 fib retracement. A follow up analysis using a shorter time frame...
GOLD, Huge fall Ahead ?Hello traders, hope you are doing great.
For upcoming week, I think we'll probably see an uptrend correction in GOLD at first and after that we'll probably see a fall to specified Level and beyond that. so with a proper trigger, we can open a SHORT position.
and finally tell me what do you think? UP or DOWN? leave your comment below .
If this post was helpful to you, please like it and share with your friends.
Thanks.
Gold, Bearish on weekly chartIt is 17 weeks that the gold is trying to break the $2400 USD, but it is unable to do so. in technical terms we can see a clear stop hunt and moving in a side zone which looks like a distribution phase.
on fundamental side, due the uncertainties related to US presidency election and The Middle East critical situation i think the price will drop in next weeks.
SHORT - $Gold looking like a snack rn $XAU, $GC1!Retrace after testing ATHs.
Rising wedge into rising wedge.
Trend is friend.
Huge Weekly printed rectangle, Would like to see an SFP/FA below W Range S/L before entering as buyer.
Chaos and Confusion within Gold Today!I think it makes more sense to walk away from gold at this time as it isn't very clear about what it is attempting to do.
Have you ever felt like the market doesn't know what it wants to do? Well if that is the case and the market doesn't know, how the F could you know?
Come on, not everyday requires you to place a trade.
This is a test most traders will surely fail, because they are addicted to the industry, you have to gain some kind of control over yourself and force yourself to walk away.
+$374.00 on Gold Call Today
What is up traders, Brandon here - Absolutely lovely call on Gold this morning.
Below are the links to all the minds that I would have posted before and after the trade itself was taken>
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
I like showing all the receipts because this gives clarity, you get a good idea of before and after. I hope you understood where I was coming from with this one.
Have a great rest of your day - see you guys soon =)
