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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
GOLD H1 / FVG TAKEN / GOOD OPPORTUNITY FOR A LONG TRADE ✅💲Hello traders! This is my idea related to Gold H1. I see a very nice retracement from the resistance level. Also, the FVG on M15 was taken, and I expect a bullish move until the price of 2048, were we have a valid FVG. 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:GOLDLong
by GoodTradeST
Gold trade: Is the Outlook too Pessimistic? A few weeks ago, there was widespread belief in the markets that the U.S. central bank would implement more than 160 basis points of easing in 2024. However, these expectations have substantially moderated since then, leading to a bearish reversal in the gold market. Even today, Atlanta Federal Reserve President Raphael Bostic emphasized that he anticipates policymakers will only commence rate cuts in the third quarter of this year. Additionally, the recent report from the Labor Department revealed that initial jobless claims hit their lowest level since September 2022, indicating a tight labor market and diminishing the need for immediate rate cuts. The current week's sell-off has pushed the spot price below both the 20- and 50-day simple moving averages, intensifying the negative sentiment. While technical indicators have weakened in their bearish stance and fall short of suggesting a bottom, they still remain in negative territory. The next level of support lies at $2,009/oz., followed by $1,987/oz. Taking an overly optimistic perspective in the long term, gold might remain positive as long as the last higher low at $1,973/oz. is maintained. The pair recovering beyond $2,040 will help it regain some bullish strength, but with no obvious reason for it to move back to this level, this might be overly optimistic too.
BLACKBULL:XAUUSD
by BlackBull_Markets
GOLD IS FALLING DOWN 👇 READ ITGold price (XAU/USD) has executed a short-term recovery move in the midst of a persistent downtrend. Gold price printed a fresh monthly low near the psychological support of $2,000 on Wednesday, then bounced. Yet despite the rebound, the precious metal remains on the backfoot as investors continue to worry about when the Federal Reserve (Fed) will start its long awaited rate-cut cycle. The hopes of an early rate-cut decision from the Fed are easing as the last leg of inflationary pressures in the United States is turning out significantly more stubborn than previously thought, due to robust consumer spending and steady labor market conditions.
OANDA:XAUUSDShort
by Fx_Jack17
GOLD H1 / SHORT TRADE ACTIVATED / STRATEGY CONFIRMED ✅Hello Traders! In the previous analysis, I expected a retracement from the resistance level and I was looking for a short-trade from the OB. Now we can see a very clear retracement. A good opportunity to execute short trades for scalpers or on small time frames. Congrats to those who executed the trade. 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
Will Gold collapse?We can see how clearly the price reacted to the Fibonacci levels, and now Gold is at an extreme level. I assume that 2023 was the best year for Gold. And in 2024, we can expect a drop to at least 745 level. The next Fibo level is 385 but something tells me that the price will roll towards the low of 2000s - below 254. And the most impossible scenario is when Gold will completely devalue (-27). For several months now, I've been asking myself: what should happen globally in the world for the most stable investment instrument - Gold, to drop like a brick? I don't know. Write your ideas in comments 'what can cause drop of Gold?'. Let's see what 2024 will bring us :)
OANDA:XAUUSDShort
by margarita_morozova
2
GOLD's Movement explainedSo what is up guys, I haven't had the opportunity to sit down and produce an analysis on gold over the last few days as I have been extremely busy working with students or other businesses that I run, I will admit my attention has been pulled away from the charts in the last few days but I am back and I am here for the day (I hope lol) So looking at the monthly timeframe I can say that it still definitely is extremely bullish - there isn't anything that can convince me otherwise - See image below of the monthly timeframe As I would mention in the image below I can't yet trust the monthly candle as it has about 20 days before it closes - meaning ANYTHING can happen between now and the next 20 days I am skipping the weekly timeframe in this analysis as I don't think there is any information that I need from that timeframe that I cannot get on the daily - Looking at the daily timeframe we can see that it has had quite a few bearish days and moves in the last week Now looking at the last 3 days or so, we can see that there are some wicks being thrown to the top side and I don't know about you but that doesn't give me confidence in looking for buys - why if I am looking for buys would I want to see data that suggests sells? But it is interesting and I will tell you why - Why would the dealer be inducing sellers in a bull market? Let me tell you why I think this is the case Who is the real target in a bull market? Buyers or sellers? Before you try to answer I want you to think who has more to gain. When you think about who has more to gain, you have to ask - does the dealer want this party to win? does he want this party to gain? Of course not. So in that light it is simple and easy to say that buyers would be the target right? Sellers would be taken out once the market resumes buying But before it can resume buying the dealer needs to get rid of traders who bought - remember he doesn't want traders who are buying to gain anything. So the next question is simple - Where are the buyers buying? Lets look at the chart again and see if anything makes sense When we look at the 4 hour time frame I am just trying to identify areas in which I feel the average retail trader may have felt safe to place a buy and I arrive at these zones circled in green, but why? These are low points that would have also made higher lows - which I am aware traders love using that B.S - Higher high and higher low to dictate whether or not they should buy. If you realize I am using what I know other traders do in my analysis but I am not using that myself to place a trade - I said this before, I like Context, I want to understand what other people may be seeing so I can build out the picture as close to what it really is, you cannot do that when you look at the market one dimensionally. But wait there is more Is it at all possible that this bull trend is also now an additional induction to get traders to buy? I think so yes, it makes sense for the dealer to induce buyers to make them feel safe and add more buys Buyers would feel more inclined to open bigger positions because the gold market is bullish overall so buys make sense. Interestingly enough buys are the right play I think but it isn't WHAT it is HOW. This is why I think the seller induction of the higher timeframe right now make sense - get sellers to step in and push price lower and stop out the buyers induced to buy in these areas (green) On the m15 timeframe I believe that sellers would have already been destroyed so the dealer is free to use that seller liquidity to push price lower as seen in the image below (turquoise) Look at the previous tap on the trendline or the most recent low, I wouldn't be surprised if price stops there and bounces back up temporarily to further induce buyers before dropping lower to take out all buyers completely I have an alert set at the low Let me know what you think about this thought process Don't boost if you didn't take the time to read and try to understand this entire analysis OR Boost if you did take the time to read and try to understand this entire analysis I think trying to take a trade before I know what price is likely to do next is irresponsible of me. So I will be waiting Have a great day folks
OANDA:XAUUSDShort
by Brandon_evo4
3