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Goldshort

Gold short If the new record high of $2,510 is reclaimed on a sustained basis, the next relevant topside target is seen at the $2,550 level. Acceptance above the latter could challenge the $2,600 round level en route to the triangle target, measured at $2,660. In light of the dovish Fed expectations, Gold price rallied to a fresh record high of $2,509 on Friday, further supported by rife tensions in the Middle East. An imminent Iranian attack on Israel loomed, as Hamas mulled over ceasefire talks with the latter. Gold now buy 2501 Target 2510 Target 2530 SL 2480
OANDA:XAUUSDShort
by JohnHarry_7
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!
OANDA:XAUUSDShort
by Samuel124
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
OANDA:XAUUSDShort
by Wakeel_Saab
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
FX:XAUUSD
by KnightsofGold
2
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. !
OANDA:XAUUSDShort
by alongwineer