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Goldshort

GOLD MORE BUYS? - Maybe Not Yet - Destroy buyers FIRST!Given that gold would have bought really aggressively yesterday after destroying sellers at the previous high, I believe the dealer needs to take the opposite side of things temporarily. What I mean by this is that the dealer needs to worry about traders who now ACTUALLY have the direction correct (BUY) In a bull market buyers WILL win if they can get their entries right OR they have enough patience to endure a lot of drawdown. The dealer knows this and in a bull market - BUYERS will always be a problem for the dealer (the opposite holds to be true in a bear market about sellers). That being said - it makes sense (in my opinion) to not only induce buyers now but to get rid of them as well and even get some sellers on board because if the dealer had enough liquidity to buy the market, guess what - that is exactly what he'd be doing Exhibit A - The bull move from yesterday That being said - I think it makes sense for the dealer to drive price a bit bearish at this point so that he can now build liquidity out of thin air by not only getting sellers back on board within this gold market but by also getting rid of buyers who had less than ideal stops along the bull move of yesterday Continuing to look for buys at this point would be dangerous (in my opinion) as it is not only NOT bullish enough to facilitate buys but it isn't buying at all as of the time of me writing this Personally I'd like to see price drop a bit more before considering more buys What do you think? Downvote\don't boost if you didn't read\listen to this entire post and don't understand OR Upvote\boost if you did read\listen to this entire post and do understand
OANDA:XAUUSDShort
by Brandon_evo4
Gold's Outlook: Beyond $2,000 with Eyes on Powell's Address Gold reclaimed the US$2,000 threshold yesterday, marking its return to this level for the first time since May, after the US dollar weakened against most major currencies on Monday. The US dollar is now on track for its largest monthly decline in a year, largely because the market is anticipating that the Federal Reserve might initiate interest rate cuts in the first half of next year. Although, it is the opinion of some (including me), that talking about rate cuts at this point is way too soon. Coming up this week is EU inflation data on Thursday, followed by the US Fed Chair Jerome Powell’s address on Friday. The former might give us some movement in the EURUSD, as the data might create more divergence between the ECBs outlooks and the US Feds. The latter might give us further clues as to the Fed’s timeline in regard to rate cuts, but don’t hold your breath. Bear in mind, a lack of detail concerning this timeline could be just as consequential for the US dollar and gold. For now, in gold, the Elliott Wave indicator is pointing toward a neutral to bullish outlook, with a couple legs in a cycle left to be completed. If the cycle plays out, we might like to look at multi month highs above US$2,020, where the price peaked earlier. Pullbacks are forecast just below the $2,000 threshold, so this level will remain of interest for some time.
BLACKBULL:XAUUSD
by BlackBull_Markets
Gold is likely to fall as it encounters resistance in 2020Gold edged higher in the first Asian release. Research team Phillip Proof said in a commentary that there are certainly many people who believe the Fed has completed its energy bull cycle, noting gold rose to the key $2,000/oz level on Friday. The prospect that the Fed's tightening cycle could end could increase the appeal of the non-interest-bearing precious metal. Spot gold trading increased 0.1% at 2,003.48 USD/oz. TVC:GOLD SELL 2018-2020 ✔️TP1: 2012 ✔️TP2: 2007 🚫Sl : 2025
TVC:GOLDShort
by TinaTradingGold
Continue to adjust and accumulate short-term! XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) has recovered some of its losses as the US dollar (USD) continues to decline in the early Asian session on Friday. No economic data was released from the US on Thursday. Currently, the gold price is trading at around $1,992, with no change throughout the day. Moving forward, gold traders will be closely monitoring the US S&P Global PMI data on Friday. It is expected that the Manufacturing PMI will decrease from 50 to 49.8, while the Services PMI is estimated to ease from 50.6 to 50.4. Traders will be paying attention to these figures in order to identify potential trading opportunities based on the gold price. ⭐️ Personal comments NOVA: Today's PMI news is not expected to have much impact on Gold prices too much. Gold price is still in the process of adjusting and accumulating to enter the strong resistance zone of 2005-2010. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1973 - $1975 SL $1968 TP1: $1985 TP2: $1997 TP3: $2008 🔥SELL GOLD zone: $2008 - $2010 SL $2017 TP1: $2000 TP2: $1990 TP3: $1980 ⭐️ 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
1
Xauusd:2008 strong resistance Key indicators of changes in market sentiment on Wednesday also included a report of a decline in the number of people applying for unemployment benefits, which hit a five-week low of 209,000 (lower than the expected 225,000), indicating a tightening labor market.In addition, the University of Michigan's inflation expectations report is even worse. The report emphasizes that consumers expect the inflation rate to be about 3.2% in the next five years, and U.S. consumers still believe that the inflation outlook is higher.This forecast is closely watched because it may affect the Fed's interest rate decision and reflects people's continued concerns about inflation if expectations continue to be high.On Thursday and Friday, Thanksgiving Day in the United States, the US market will be closed early Gold reached its highest level in 2006 yesterday, and has not broken through 2008 for 4 consecutive times, so it can be judged that the resistance here in 2008 is very strong. As can be seen from the chart, the volatility range of gold is getting smaller and smaller A series of economic data released yesterday is the Lido dollar index. The US index has risen from 103 to 104.2. It is possible to reach the bottom. As a reverse indicator of gold, it is not conducive to the continued rise of gold. So as long as gold rebounds above 2000, you can still choose to sell. You need to observe the support strength of 1985-1987 and strictly do a good stop loss, so that your success rate will be greatly increased. If you don't know how to trade, join me and let us learn together to improve the success rate
FX:XAUUSDShort
by UnknownUnicorn64583787
Bank holiday! Slowly today XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The recovery in the price of gold (XAU/USD) has lost its momentum after pulling back from $2,006 earlier in the Asian session on Thursday. The positive US consumer sentiment report has led to an increase in US Treasury yields and a stronger US Dollar, which has attracted some sellers of the yellow metal. Market activity remains subdued as the United States prepares for the Thanksgiving Day holiday on Thursday. Currently, the price of gold is trading around $1,990, showing a slight increase of 0.02% for the day. At the same time, the US Dollar Index (DXY), which measures the value of the USD against a basket of six major currencies, is hovering around 103.88. The yields on US Treasury bonds are also rising, with the 10-year yields climbing by 4.40%. This upward movement in yields puts pressure on gold as investors see US Treasury yields as a more attractive investment compared to non-yielding metals. ⭐️ Personal comments NOVA: Today is BANK holiday in the US market. There will not be much fluctuation today, the price is mostly sideways and in a cumulative correction ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1980 - $1982 SL $1977 Scalping TP1: $1985 TP2: $1988 TP3: $1991 🔥BUY GOLD zone: $1968 - $1970 SL $1960 TP1: $1980 TP2: $1988 TP3: $1995 🔥SELL GOLD zone: $1994 - $1997 SL $2001 TP1: $1988 TP2: $1975 TP3: $1968 ⭐️ 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
5
GOLD SELL ON DIPS !!!HELLO TRADERS !!! As i can see the Gold has reached at strong resistance level and thanks giving + Black Friday ahead and not expected much volume in markets & as we had watch yesterday FOMCE MEETING MINUTES show us that rate hike can be happen once more in 2023 DXY also grap the strong support zone after a free fall from 107.00 area now its time for a retrace so i am expected a fall in Gold and other pairs against USD Its just an trade idea kindly do a proper analysis when u trade on ur real accounts share ur thoughts with us so it will be very helpful for trader community
TVC:GOLDShort
by APEX_TRADING_ACADMEY
1
Why GOLD is unlikely to move (MUCH) due to THANKSGIVINGGood Morning folks Brandon here, Ekatatrading..Gold may be moving into a slow period..Possible consolidation Today is a US bank holiday due to Thanksgiving This doesn't mean that GOLD won't move But truth be told I am not seeing any clear induction at this time which means to me - Everyone is actively being induced (both buyers and sellers) My play today is to watch gold and wait for it to show me a better hand Until then, see you guys tomorrow
OANDA:XAUUSD
by Brandon_evo4