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Goldshort

GOLD/XAUUSD BIG SELL COMINGI provided a buy signal from 2630 to 2690, generating 600+ pips in the recent week. Building on this success, I’ve identified new trading opportunities based on current market dynamics. Market Dynamics Resistance Zone (2710 - 2720): Price has previously faced rejection at this level twice, marked by a red circle, indicating strong selling pressure. This is a supply zone where sellers are likely to dominate. Support Zone (2656 - 2664): A green circle marks a demand zone where buyers have consistently stepped in. This level is expected to hold, providing a potential bounce opportunity. Projected Price Movement 1. Scenario 1 – Reversal at Resistance: Price hits 2710 - 2720, faces rejection, and falls back to support near 2656. 2. Scenario 2 – Support Bounce: Price rebounds from 2656 - 2664 and targets resistance at 2710 - 2720. 3. Alternative Breakout: A breakout above 2720 signals continued bullish momentum, invalidating the sell setup. Trade Strategy 1. Sell between 2710 - 2720 Stop-Loss: 2728 Target: 2656 2. Buy between 2656 - 2664 Stop-Loss: 2646 Target: 2710 Conclusion This strategy focuses on high-probability trades within defined ranges, using precise entry points and stop-loss levels for risk management. Please like, follow, comment, or share to support.
OANDA:XAUUSDShort
by Quinn901
1
GOLD - Potential Pullback to Retest SupportGold is trading near a key resistance zone within an ascending channel, suggesting a potential pullback. If price rejects the resistance zone, this could present an opportunity for sellers to re-enter the market. The immediate target for sellers lies at $2,677.99, a key support zone where buyers might re-enter. A decisive break below this level could pave the way for further downside, with the broader ascending channel potentially invalidated. This setup reflects a clear shorting opportunity if the price fails to sustain above resistance. Traders should wait for bearish confirmations before considering short positions.
FX:XAUUSDShort
by TrendDiva
XAUUSD SELL XAU/USD is finding a floor for now to bounce off after its sluggish Monday performance when Federal Reserve (Fed) policy rate concerns took over sentiment, recovering slightly and trading near $2,670 on Tuesday. Gold sell 2674 Support 2640 In the 4-hour chart, a directionless 20 SMA has rejected advances since the week started, now acting as dynamic resistance at around $2,674.00. The 100 and 200 SMAs are also flat, yet well below the current level. Finally, technical indicators have ticked higher, although in neutral-to-bearish territory. Support levels: 2,660.70 2,645.15 2,635.00 Resistance levels: 2,675.00 2,683.20 2,697.90 XAUUSD SELL Support
OANDA:XAUUSDShort
by KingForex078
Levrage During this Metals Bull - finding the next Newmount?Relatively safe ways to gain exposure to leveraged plays in the form of mining companies. Many established miners are way too unbelievably low with current metals prices. Here we look at the technical perspective on why I am bullish on these cyclical mining stocks and why they could yield outstanding returns - which is to say now may be the time to scale in before they catch up to precious metals prices. FSM ASM SBSW
NYSE:SBSWLong
by Commodity_TA_Plus
GOLD- Levels for Monday 6th- Friday 11th JanuaryHope this benefits you guys. This is not typical S&R or S&D. These levels are based on volume profile and really powerful. NOTE, don't treat these levels as buy and sell points. You will still need to have context behind your trade and use these levels as a reference point. one of the strategy I use is, volume profile along with cumulative delta and footprint. Look for shift in value, delta divergence etc. and when price reaches one of those levels, use footprint for entry. Bottom line is, you have to have context behind your trade. Without context, you are hunting in the dark. Have fun and enjoy
OANDA:XAUUSD
by MarketFootprint
Gold short position XAUUSD - Medium TermOANDA:XAUUSD #Gold #XAUUSD has been declining since March, and has shown an accelerated move to the downside (mid april to mid may) signaling a short position. After almost a month of moving side ways and failing to reclaim above the broken trendline, a bearish continuation is now in play aiming at 1721 and 1687 The third continuation wave should bring the price lower to these levels. Short position can be taken between 1829 - 1845 $ TP1 1721 $ TP2 1687 $ SL = 1D close above 1880 $ Risk/Reward = 2.9
FX:XAUUSDShort
by Samurai_07
1