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Goldshort

Crucial area for Gold ahead of a busy data driven weekWith FOMC, NFP, manufacturing PMI and other red folder news, we can expect some volatility coming into the end of the week. We have rallied up this morning on the London open and cleared last week's clear liquidity. From a technical perspective we remain firmly bearish however with tensions building in the Middle East, this is the type of news that can send gold to the roof, as we have seen several occasions in the past couple of years. Therefore we are expecting the final line in the sand of $2045 - 2050 to hold for the bearish theme to resume. If we burst through here then bearish bets are off for the meantime. Currently at 2039 the market is offering a reasonable bearish entry with an opportunity to add in around 2045 if we push higher. The weekly open remains untested still with the high impact news coming ahead, it may act as a magnet/ target for any flash sell offs. For more on this consider signing up to our newsletter or subscribe for faster more detailed analysis.
OANDA:XAUUSDShort
by CIFERSTRATEGIES
January 2024, Gold price remained stable above $2,000⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The financial markets are anticipating that the Federal Reserve (Fed) will maintain interest rates at a range of 5.25–5.50% during its upcoming January meeting. However, traders will closely watch the press conference for any indications from Fed Chairman Jerome Powell regarding a potential rate cut in March. If such signals are given, it could lead to selling pressure on the US dollar. According to US officials, a drone attack on American forces stationed near the Syrian border in northeastern Jordan resulted in the loss of three US troops and numerous injuries. This incident has contributed to an escalation of tension in the Middle East, which may increase the demand for safe-haven assets like gold. ⭐️ Personal comments NOVA: Gold prices in the Asian session on Monday are tending to increase slightly but will continue to move sideways to wait for new motivation from interest rates ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2006 - $2008 SL $1997 TP1: $2015 TP2: $2022 TP3: $2030 🔥SELL GOLD zone: $2032 - $2034 SL $2040 TP1: $2028 TP2: $2024 TP3: $2019 ⭐️ 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
10
XAU/USD (Gold) Potential SellsGold has tapped into Supply liquidity zone and also induced early sellers at 2037.00 zone and has now come back down and broken structure by breaking below 1H & 4h Candle. Also additional confirmation by closing below support. Since it had tapped into supply and into liquidity and also confirmed sells all that needs to happen is just to wait. We are just patiently waiting for entry zone at 2032.00-2035.00 waiting for price to retrace as High as possible close to where we will place stop loss. Stop loss has to be placed at the Last inducement & approximately 5pips above last High so sl will be@2038.00. Now looking below at blue demand & liquidity zones that has been built. Gold looks highly probable to reach at least 2007.00 -2001.00. TP1: 2007.00. TP2:2002.00. TP3:2000.00
OANDA:XAUUSDShort
by mrachaw
GOLD TOWARDS SELL CONFIRM Gold price (XAU/USD) catches fresh bids on the first day of a new week and builds on its steady intraday ascent through the early part of the European session. The precious metal breaks through the 50-day Simple Moving Average (SMA) barrier, though bulls need to wait for a move beyond the $2,040-2,042 supply zone before positioning for any further gains ahead of the FOMC decision on Wednesday. Heading into the key central bank event risk, a further escalation of conflicts in the Middle East turns out to be a key factor acting as a tailwind for the safe-haven Gold price. Meanwhile, the flight to safety drags the US Treasury bond yields lower and further lends support to the XAU/USD. Meanwhile, the US Dollar (USD) remains below a one-month high touched last week and does little to provide an impetus.
OANDA:XAUUSDShort
by FxJohnson
GOLD M30 / EXPECTING A SHORT MOVE ON SMALL TF 💲Hello Traders! This is my forecast on GOLD M30. I will look for a short trade entry if I see the retracement from the OB H1. My target is the resistance level at the price of 2002. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
TVC:GOLDShort
by GoodTradeST
XAUUSD Shorts from 2030.000 down towards 1990.000My outlook for gold this week leans bearish, and I'm on the lookout for nearby shorting opportunities to drive the price towards the daily demand zone. Presently, I'm eyeing a clear 5-hour supply zone as a potential selling point. I'll be patient, waiting for a Wyckoff distribution pattern to unfold within this area before considering entry for my sell positions. The presence of this supply zone has triggered a slight shift in momentum to the downside and left an imbalance, indicating its strength. However, I'm mindful of the trendline liquidity above the zone, which might attract price action to breach it, possibly prompting a reaction from the 22-hour supply zone above. Confluences for GOLD Shorts are as follows: - Price is approaching a 5hr supply zone that has caused a CHOCH to the downside. - Theres an imbalance below that needs filling as well as some liquidity that can be taken. - Zone also lies within the 0.78 fib range and price is also at a psychological level of 2030. - Theres lots of liquidity to the downside that needs to be swept as well as an imbalance. - Price has been moving temporarily bearish short term so this is pro trend idea. - sentimental analysis also shows that gold is bearish as well. P.S.While I hold a temporary bearish stance and focus on the 5-hour supply zone, I'm also considering the possibility of price declining without touching my zone to break its structure and reach the daily demand area. In such a scenario, I'll be on the lookout for buying opportunities to ride the upward movement.
OANDA:XAUUSDShort
by Hassan_fx
1
XAUUSDHello traders ,what do you think about GOLD ?Over the past few days, the price of gold has fluctuated within the $2040 to $2010 zone. This precious metal has also broken its trend line in the 4-hour time frame. It is anticipated that following the completion of the pullback to the broken trend line and reaching the specified resistance zone, the price will fall to a determined level. Additionally, today's release of the Personal Consumption Expenditures (PCE) data could be a key driver in the directional movement of gold prices If this post was useful to you, do not forget to like and comment.❤️
FOREXCOM:XAUUSDShort
by HAMED_AZ
10
Today Gold sell move today confirm move to sell don't miss this The daily chart for XAU/USD shows that the risk remains skewed to the downside. A bearish 20 Simple Moving Average (SMA) maintains its bearish slope above the current level, while the longer moving averages remain directionless, far below the current level. Technical indicators, in the meantime, hold directionless within negative levels. According to near-term technical readings, XAU/USD is poised to extend its decline. The 4-hour chart shows the pair met intraday sellers around a mildly bearish 20 SMA while the longer ones grind lower above it. Technical indicators, in the meantime, accelerate lower within negative levels, supporting another leg south on a break below the $2,010 price zone. Support levels: 2,010.00 2,001.60 1,988.60 Resistance levels: 2,021.80 2,033.10 2,040.30 Gold sell now 2022 Confirm Target 2005
TVC:GOLDShort
by FxJoseph_7
1/21-1/26: Gold's Bearish trend to end the weekOANDA:XAUUSD After studying Gold for the first time live, 2 major points of news occurred Wednesday and Thursday. First was the major drop due to the PMI. With a drop from 2033 to 2012 in less than a day. The snipe was taken, and profit goals were hit allowing me to log off early and continue to watch from the sidelines. On Thursday I left out of trading due to news which fluctuated wildly to both sides possibly knocking some traders straight into SL or TP in a flash shooting to 2008 and 2023 dramatically. I avoided joining any trades after witnessing that. Today (Friday @8:30), I witnessed inflation news which caused the market to yet again take another plunge bearish. Using this allowed me to take another snipe into a sell in which I will trade until 5pm ending the weekend in a wild but profitable week. Using my strongest indicators (QQE, MACD and X-Trend) and learning WHEN to trade Gold has allowed me to remain stable and avoid being bounced around. I've noticed slightly after news is the best time for me once a trend has been formed. Will kick things off again Sunday evening to continue to monitor this crazy market. Have a safe and great weekend!
FXOPEN:XAUUSDShort
by SteadyAimz
1
Today Gold good move today Gold confirm is buy confirm chart From a technical point of view, XAU/USD is poised to extend its slump. The daily chart shows it met sellers around a bearish 20 Simple Moving Average (SMA), providing dynamic resistance at around the daily high of $2,036.80. At the same time, technical indicators resumed their declines within negative levels, gaining downward strength. Finally, the 100 and 200 SMAs remain below the current level, losing directional strength. The 4-hour chart shows a long bearish candle following a test of converging 100 and 200 SMAs, also around the intraday high, and XAU/USD accelerating the slide below a mildly bearish 20 SMA. Furthermore, technical indicators accelerated north, heading south almost vertically within negative levels, in line with another leg south. Gold buy Now 2018 Confirm Target 2035
TVC:GOLDShort
by FxJoseph_7
GOLD BUY CONFIRM PREDICTION TODAY Gold price (XAU/USD) attracts some dip-buying near the $2,023-$2,022 ara on Wednesday and refreshes daily low during the early European session. The precious metal, however, remains confined in a familiar trading range held over the past four days and below the $2,040-$2,042 supply zone. Traders opt to wait for this week's important US macro releases – the Advance Q4 GDP report on Thursday, followed by the Core PCE Price Index on Friday – for cues about the timing of when the Federal Reserve (Fed) will start cutting interest rates. This, in turn, will influence the near-term US Dollar (USD) price dynamics and determine the next leg of a directional move for the commodity.
OANDA:XAUUSDShort
by FxJohnson
A slowdown in the DOWN trend !! XAU ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: This week's main events to watch out for include the release of the US Gross Domestic Product (GDP) for the fourth quarter on Thursday and the Core Personal Consumption Expenditures Price Index (Coe PCE) on Friday. If the US data shows weakness, it is expected to influence the Federal Reserve to adopt a more dovish stance, which could limit the downward movement of gold prices. Additionally, the US Richmond Fed Manufacturing Index for January will be published later on Tuesday, ahead of the key US event. ⭐️ Personal comments NOVA: Gold price range 2020-2027. Still in a DOWN trend if there is no sudden change in bad economic data for the DOLLAR. Gold price continues to struggle sideways above $2000 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2002 - $2005 SL $1995 TP1: $2012 TP2: $2020 TP3: $2030 Pay attention to the 2015-2017 support zone, scalping BUY 🔥SELL GOLD zone: $2040 - $2042 SL $2050 TP1: $2032 TP2: $2026 TP3: $2020 ⭐️ 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
14
Why I think gold is likely to continue to sell (TEMPORARILY)The problem is that gold is a bullish market overall so I understand why you may think it doesn't make sense to continue to sell but let's ask the simple question - if it is so bullish, why isn't it buying? The answer I have come up with which I will be explaining in much more detail further in this post is simple - this market in particular doesn't have enough liquidity to make its move back bullish I think gold can benefit from pushing lower and I want to explain why. Firstly, many traders will want to sell gold at a high point and gold is extremely high right now in the grand scheme of things (having just created an all time high). It makes sense that sellers would be interested. We also know that many traders like using trendlines to fuel their trade. Interestingly enough there is an absolutely beautiful bearish trendline present right now Now, that being said I consider my own analysis to be a bit different because I personally prefer to 1. keep things simple and 2. use as much data as I can in the most simplest of ways That beings said the second thing I want to discuss why I think gold can benefit from going lower is this question Who is the real target of the gold market? Buyers or sellers? If the gold market is bullish then buyers are the target. So long as gold buys the sellers would be destroyed automatically The real problem begins when we ask - how will the buyers be destroyed in a bull market? Because let's face it - they have to be destroyed. This explains the bear move My analysis follows 3 simple questions and they are as follows 1. Who is interested in the market (at this time) 2. Where are their stop losses (or where would they be to frustrated to keep their trade open 3. Have they been stopped out or forced to close their trade Only once I have a definitive answer to these 3 questions then can I find an entry So let us attempt to answer these 3 questions in what I think is a dynamic approach In orange these are the areas (on the m15 timeframe) I think sellers may be interested but as we just discussed I don't think the sellers are the target for the market - these are just areas the market may be likely to go back up to later on Changing to the 1 hour timeframe I can see a few areas where I believe buyers would have been interested and stopped out And as you can see the buyers are actively being induced to buy presently again If there are being induced to buy and we know that they have stops below this green level - shouldn't it make sense that gold will sell down below this level? This is what makes sense to me right now - I will be setting an alert below the green zone to see how it reacts if and when it gets there I won't be prioritizing buys nor sells at this time but I am definitely interested in it selling to below this level before buys become available to me again What do you think? Comment below Don't boost if you didn't read this entire post and didn't try to understand OR Boost if you did read this entire post and did try to understand
OANDA:XAUUSDShort
by Brandon_evo4
Scalping XAU !! 22/1/2024 stuck at the border of 2 trendlines⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is facing renewed selling pressure at the start of the week, putting a halt to its two-day recovery from the $2,000 mark. This level is considered a psychological threshold, and the price had dropped to a one-month low last Wednesday. Last week, positive macroeconomic data from the United States indicated a resilient economy, giving the Federal Reserve (Fed) room to maintain higher interest rates for a longer period. Additionally, hawkish comments from several Fed officials have led investors to lower their expectations for a more aggressive policy easing in 2024. As a result, this is undermining the appeal of gold as an investment, as it does not generate yield. ⭐️ Personal comments NOVA: The price is having a certain compression, stuck in 2 trendlines. The setup touches the downtrend line, a SELL signal ⭐️ SET UP GOLD PRICE: 🔥SELL GOLD zone: $2025 - $2027 SL $2030 TP1: $2021 TP2: $2017 ⭐️ 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
2
Gold remains mixed and volatile.Gold - 24h expiry A Doji style candle has been posted from the high. Price action looks to be forming a top. The 200 day moving average should provide resistance at 2034.94. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. We look for a temporary move higher. Preferred trade is to sell into rallies. We look to Sell at 2030.10 (stop at 2042.10) Our profit targets will be 2000.10 and 1992.10 Resistance: 2032.10 / 2084.45 / 2121.70 Support: 2004.20 / 1984.70 / 1947.45 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