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Goldshort

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.
OANDA:XAUUSD
by Brandon_evo4
+$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 =)
OANDA:XAUUSDShort
by Brandon_evo4
Gold Absolutely Destroys Sellers, Simultaneously fools BuyersWhat's up guys, I hope this message finds you well. It appears that gold did actually play out almost exactly like I wanted it to and surprisingly I was right. Here is the link to the original analysis - www.tradingview.com The good thing about this is that due to it being a news event I wouldn't have been able to engage anyway until maybe after the event but had I engaged I would have absolutely been right. Also You'd realize that I don't just call out buy here or sell there without an explanation. I do this for 2 reasons. 1. I believe in order for you to get better you need to be able to explain what it is you think you understand to others in a way that helps them understand And 2. If as a trader you don't like over-explaining\analyzing things.. I got some bad news for you buddy, this may not be the correct industry for you. You have to be able to explain why you are taking specific trades even if it just to explain it to yourself. If you cannot do that then taking the trade is likely ill-advised. Hope you enjoy this one, have a good rest of your day, see you guys soon!
OANDA:XAUUSDShort
by Brandon_evo4
7
GOLD Short The daily chart for CFDs on Gold (XAU/USD) indicates a potential short trade setup based on recent price action and liquidity analysis. Key Levels: * Resistance Zone (TS): $2,458.19 * Current Price: $2,411.80 * Sellside Liquidity Target: $2,294.95 Analysis: 1. Fair Value Gap (FVG): The market has shown a fair value gap in the highlighted grey area, indicating potential bearish pressure if the price fails to reclaim this zone. 2. Liquidity: The blue zone marks an area where sellside liquidity is likely to be targeted. This area, around $2,294.95, could serve as a significant support level where short positions might consider taking profit. 3. TS: The red highlighted area near $2,458.19 represents a strong resistance zone where the price has previously rejected. Trade Setup: * Entry: Consider entering a short position around the current price level of $2,411.80, especially if the price shows signs of rejecting the FVG zone. * Stop Loss: Place a stop loss above the recent high around $2,460.00 to protect against any unexpected bullish momentum. * Take Profit: The initial take profit target should be set around the sellside liquidity at $2,294.95.
TVC:GOLDShort
by SerenityEquity
GOLD to find sellers at market price?Gold - 24h expiry Posted a Double Top formation. Short term bias has turned negative. 5 negative daily performances in succession. 20 4hour EMA is at 2411.5. We look for a temporary move higher. We look to Sell at 2411.5 (stop at 2427.5) Our profit targets will be 2371.5 and 2361.5 Resistance: 2404.0 / 2412.2 / 2420.0 Support: 2383.9 / 2370.0 / 2350.0 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDShort
by OANDA
6
7 Dimension Sell Setup for Gold Technical Analysis Method SMC ** 7 Dimension Analysis** Time Frame: H1 / 5M (Minute) 1: Swing Structure: Bearish 🟢 Structure Behavior: Choch, now at this extreme POI (Point of Interest) 🟢 🟢 Swing Move: Corrective (about to end) ↪️ 🟢 Lower Time Frame (M1): Inducement is done. It's better to wait for M1 structure shift. ⛔ 🟢 Internal Structure: Bullish yet ⬆️ 🟢 Supply Area: Based on M5 timeframe 🟦 2: Pattern 🟢 CHART PATTERNS: No reversal chart pattern detected yet. ⬜ 🟢 CANDLE PATTERNS: Record Session count 3: Volume 🟢 After a good rally, volume is drying up now. ** 🟢 Volume during correction is less than impulsive volume. ** 4: Momentum RSI Current: Bullish to sideways with proper bearish divergence and range shift. ** 5: Volatility Bollinger Bands 🟢 Middle band is interim support yet. 🟦 🟢 Price is currently in a contraction phase, making a Bollinger Band "W" pattern with the complete leg about to end. ➡️ 🟢 High with a pin bar price also indicates a Band Puncher. ** 6: Strength (ROC - Not Included) 7: Sentiment: Bearish for M5 SMC (Smart Money Concept) timeframe ✔️ Entry Time Frame: M5 ✅ Entry TF Structure: Bearish ☑️ Current Move: Correction at extreme POI ☑️ ☑️ Resistance Area: Gives multiple rejections ❌ ☑️ Candle Behavior: Not clear ⬜ ☑️ Trend Line Breakout: Waiting ⏳ ** Decision:** Sell if price gives a breakout of the trend line ⬇️ ** Entry:** 2381 ✋ Stop Loss: 2387 Take Profit:** 2355 Risk-to-Reward Ratio:** 3.5 Expected Duration:** One day SUMMARY: Based on the multi-timeframe analysis, a potential short selling opportunity exists with a bearish bias. The current corrective move might be nearing its end at the extreme POI. However, waiting for confirmation from a bearish breakout on the M5 timeframe and a clear bearish candle pattern is recommended before entering a trade. Remember, this analysis should not be considered financial advice.
OANDA:XAUUSDShort
by Optimum369
XAU correction DOWN - opportunity for $2400⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The US Dollar (USD) strengthens after a recent decline, mainly due to the drop in the Euro currency. This is putting pressure on commodities. Profit-taking and geopolitical tensions may contribute to the downfall of precious metals, but central bank demand should provide some support. ⭐️ Personal comments NOVA: The FOMO from the market has gradually cooled down after much information that the FED will accelerate the process of cutting interest rates by 0.25%. indispensable for stability for the Gold market ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2400 - $2398 SL $2393 TP1: $2408 TP2: $2415 TP3: $2430 🔥BUY GOLD zone: $2415 - $2417 SL $2412 scalping TP1: $2422 TP2: $2428 TP3: $2435 🔥SELL GOLD zone: $2465 - $2467 SL $2472 TP1: $2455 TP2: $2440 TP3: $2430 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
11
XAUUSD | Bearish Divergence Currently, XAUUSD (Gold) is in an uptrend, making new higher highs and higher lows, and moving within a parallel channel supported by its trendline. Additionally, fundamental factors are pushing gold to make new higher highs. However, on the 1-hour time frame, there is a hidden bearish divergence, indicating a potential trend change to a downtrend. This suggests that soon, new lower highs (LH) and lower lows (LL) may form, and we can expect the price to test the trendline. In summary: Uptrend : Gold is making higher highs and higher lows and moving within a parallel channel supported by a trendline. Fundamentals : Supporting the uptrend and pushing gold to new highs. Hidden Bearish Divergence : On the 1-hour time frame, indicating a potential trend change to a downtrend. Expectation : Potential formation of lower highs and lower lows, with the price possibly testing the trendline. These signals suggest that while gold is currently in an uptrend, there are signs of a possible reversal. It is important to monitor these indicators and conduct further analysis before making trading decisions.
FOREXCOM:XAUUSDShort
by awaisulabdeen
1
GOLDDaily candlestick pattern for Gold (CFDs on Gold, 1 Troy Ounce) with a Gartley pattern highlighted. Here's a detailed analysis: Gartley Pattern Analysis: XABCD Points: The Gartley pattern is identified with the key points marked as X, A, B, C, and D. X to A: Initial upward move. A to B: A retracement to 0.618 of the XA leg. B to C: Another move upwards but doesn't exceed point A. C to D: A final retracement, completing the Gartley pattern around the 0.786 level of XA. Key Levels: D Point: The completion of the Gartley pattern suggests a potential reversal zone. Sell Zone: The region marked near the 2,428.00 level indicates a sell zone, suggesting a potential area for short positions. Support Level: Significant support is identified around the 2,368.74 level, aligning with historical price action and Fibonacci levels. Order Blocks: Bearish Order Block: Positioned around the sell zone (2,416.00 - 2,435.00), indicating potential areas of supply where selling pressure might increase. FVG (Fair Value Gaps): Daily FVGs noted around 2,390 and 2,368 levels, which might act as zones of interest for buyers. Price Action: The current price is around 2,415.07, slightly below the D point of the Gartley pattern. The chart shows a recent upward trend reaching the sell zone, indicating a potential bearish reversal if the Gartley pattern holds. Recommendations: Short Positions: Consider short positions around the sell zone (2,428.00) with targets around the support level (2,368.74). Stop-Loss: Place a stop-loss slightly above the 2,435.00 level to manage risk in case of a breakout above the bearish order block.
TVC:GOLDShort
by Tdawly_Official
1
11/07/2024 - XAUUSD - Bearish Butterfly PatternAs of July 11th, 2024, XAU/USD (Gold) is forming a bearish butterfly pattern, indicating a potential downward movement. Here’s the trade plan: Trade Details: - Entry: Enter with SL above PRZ or on the breakout of the last HL - Stop Loss: Above PRZ Reason for Trade: The bearish butterfly pattern suggests a potential downward movement. Traders can enter with a stop loss above the Potential Reversal Zone (PRZ) or wait for a breakout of the last higher low (HL) to confirm the bearish trend. Traders should monitor the price action closely and adjust their positions accordingly to optimize potential profits and manage risks effectively.
OANDA:XAUUSDShort
by Unknown_Trader007
1
XAUUSD Gold Market Analysis: Weekly Overview Fundamentals Gold Price Movement: Last week's trading saw gold prices align with our expectations. Following the release of nonfarm payroll data, where the unemployment rate exceeded market forecasts, gold prices climbed above the June 7 high of $2,387 towards the end of the week. Nonfarm Payroll Data: The June US nonfarm payroll report showed a slight increase in new jobs, surpassing expectations. However, revisions to April and May figures indicated a decrease of 111,000 jobs. The unemployment rate rose to 4.1%, higher than both previous and anticipated values, suggesting a cooling US labor market and increasing investor expectations for a September rate cut. Interest Rate Expectations: Interest rate observation tools indicate over an 80% probability of a September rate cut, with expectations of two cuts this year. This has driven down US bond yields, favorably impacting gold prices. Given the high nominal and real interest rates, a rate cut would strongly support gold price momentum. Market Liquidity: Despite last week's strong rebound, further upward movement for gold may be limited due to ongoing low liquidity conditions, which could persist into this week. Technical Analysis Resistance and Support Levels: The "head and shoulders" pattern led gold prices to touch the resistance range of $2,370-$2,390 last week, as anticipated. The completion of this pattern, along with oscillator signals, suggests a potential market decline. Relative Strength Index (RSI): The RSI is turning downward at the neutral level of 50. Stochastic Oscillator: The Stochastic Oscillator is smoothing in the overbought region. Key Support Levels: 50-day SMA: $2,346 20-day SMA: $2,333 A break below these levels could lead gold prices to retreat to the neckline at the $2,300 range and potentially test the lower limit of the trading range at $2,276. Key Resistance Levels: Immediate Resistance: $2,370-$2,390 Psychological Barrier: $2,400 A successful close above $2,386 would accelerate the testing of the $2,400 psychological barrier. Market Outlook: While the recent rise in gold prices has rekindled bullish hopes, breaking above or below the current range in the short term appears premature. We expect a broad range of volatile trading patterns to continue throughout the summer, with a primary strategy of buying low and selling high. This analysis aims to provide a comprehensive and professional overview of the current gold market, highlighting key fundamentals and technical factors influencing price movements BOOST US COMMENT YOUR IDEAS FOLLOW US
OANDA:XAUUSDShort
by realmillionairefx
2
I think it might be safe to sell soon (temporarily, at least) If we look to the left, gold would have completely reversed the move it created last week Friday for NFP. Thus gold has now gone somewhat bearish which means sellers are interested. If you look at the area circled (in purple) there would have been sellers interested at that level. Gold literally just took out that area. Any sellers who had sold around the circled area would have likely had stops above that level and now would be no more. HOWEVER, The reason I said it may be safe to sell (SOON) is because of this, the fact that price is coming back up again, if it were safe to sell, it wouldn't be coming back up to give traders a better opportunity to sell. Due to this I'd be extra careful of selling OR buying at this time.
OANDA:XAUUSDShort
by Brandon_evo4