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Goldshort

GOLD - Short trade forecast / Sell trade opportunity !Hello Traders! I am looking for a short trade from the supply & OB resistance zone. I expect to see a 50% retracement which could be turned into a 2R profit target. Keep in touch and all eyes are on the next move 👀 Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you enjoy this idea! Also, share your ideas and charts in the comments section below! This is the best way to keep it relevant, support us, keep the content here free, and allow the idea to reach as many people as possible. www.tradingview.com
TVC:GOLDShort
by GoodTradeST
Gold's Next Chapter: Technical Insights and Market TrendsGOLD (SPOT) – technical overview The 2019 breakout above the 2016 high at 1375 was a significant development, opening the door for fresh record highs and this next major upside extension into the 2500-3000 area. Setbacks should now be well supported above 2000 on a monthly close basis. R2 2451 – 20 May Record high – Strong R1 2388 –7 June high – Medium S1 2277 – 3 May low – Strong S2 2223– 21 March high – Strong GOLD (SPOT) – fundamental overview The yellow metal has pushed record highs in 2024 with solid demand from medium and longer-term accounts. These players are more concerned about inflation, geopolitical risk and a less upbeat global growth outlook. All of this should keep the commodity well supported, with many market participants also fleeing to the hard asset as the grand dichotomy of record high equities and record low yields comes to an end. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
BLACKBULL:XAUUSD
by BlackBull_Markets
XAU/USD Shorts from 2,355 or 2,370 back downMy analysis for gold this week aligns with other pairs, where I am expecting bearish moves. Given the recent rise in the dollar, I am looking to join the trend and focus on selling opportunities. I have identified two nearby supply zones on the 6-hour and 12-hour charts as potential entry points. Once the price reaches these zones, I will look for signs of slowed momentum, distribution, and a change of character (CHOCH). From there, I will target the liquidity pools below, including trendlines and Asian session lows. Confluences for GOLD sells are as follows: - Price has been breaking structure to the downside on the higher time frame. - Price has left clean supply zones on the 6hr and the 12hr. - Lots of liquidity to the downside that needs taking - Trade idea is pro trend as price has been forming lower lows and lower highs. P.S. Currently, the price is at a decent short-term buy position that can be taken up towards the supply zone, provided the confluences are correct. If the price continues to drop, I will look to enter off a new break of structure (BOS).
OANDA:XAUUSDShort
by Hassan_fx
XAU/USD Gold short from 2,360 back downThis week, I'm anticipating a bearish drop. I have a clean 12-hour supply zone that has caused a break of structure to the downside. At the start of the week, I expect the price to move towards this zone. If not, we might see a small reaction from the 2-hour zone, leading the price up to the 12-hour supply. Once the price reaches the 12-hour zone, I'll look for a Wyckoff distribution to form on the lower time frame, then sell the price back down to target the liquidity below, which I have identified as trendline liquidity. Confluences for GOLD Sellls are as follows: - Price has been breaking down and confirmed with a BOS on the higher time frame. - Lots of liquidity below in the form of asia lows and trendline liquidity. - price is near a good supply zone that has caused a break of structure. - ATH's was taken and enough liq for price to move back down. - This trade idea is along the with the current bearish trend. P.S. If the price breaks this 12-hour supply zone, I will wait for the mitigation of the 2-day supply zone.
OANDA:XAUUSDShort
by Hassan_fx
GOLD: Medium term bias change. FULL MultitimeframePlease see previous ideas for more context The biggest update from previous analysis is that we are becoming more bearish on MTF Because price didn't hold and didn't develop previous described reaccumulation, instead we see bearish internal start to hold itself ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
OANDA:XAUUSDShort
by Yelli_trades
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