Today's XAUUSD Idea: Hope Again: Gold Will Be BearishDear MsProTrading Members,
Today we will analyze whether gold will drop to 1912–10. First of all, you can get the current price of 1919. We think there may have been a little gold drop in 1916–17 and hope it goes up again in 1926–28. If resistance does not break, we will go back to our final target of 1912–10. otherwise Sell Zone 1934–36
Goldshort
Gold / XAUUSD ~ Bearish H&S Dump / Emerging Asset DivergenceTVC:GOLD undergoing Bearish H&S - clear break below neckline; trying to establish a base to reverse momentum & re-test support.
Unusually strong selling off no immediate news - feels like possible "Sell The News/Buy The Fact" event ahead of US CPI release, TBC..
DXY - up/flat/within range
US Treasuries (long-dated) - down/flat/within range
Silver - down/flat/holding support
Only Asset Class exhibiting similar volatility is Bitcoin, up over 4% (potential divergence with Gold, TBC).
Bullish Support Confluences:
- 38.2% fib retrace (~1903)
- July 2022 trend-line (~1900)
- Psychological level (~1900)
- August 2023 lows / demand zone (~1885)
Bearish H&S Extrapolation Targets:
- Primary = gap fill (~1870)
- Undershoot = psychological level / trend-line / August lows (~1900-1885)
- Overshoot = 50% fib retrace (~1850)
Wait for re-test/neckline rejection to confirm H&S pattern is in play...alternatively higher than usual implied volatility from macro-economic influences warrant risk mitigation (ie wait for the dust to settle) before entering a position..
Trade at your own risk!
COMEX:GC1! FX_IDC:XAUUSD TVC:SILVER COINBASE:BTCUSD TVC:DXY ICEUS:DX1! TVC:US10Y TVC:US20Y TVC:US30Y
#Gold Forecast - Monday, September 19Strong economic activity in the United States is supporting the #dollar, and that's why we are witnessing a decline in the #price of an ounce of gold. #Gold prices seem unable to initiate a rally or a significant drop; in fact, the market is in a #range.
#Fundamental Analysis of #Gold
It is expected that #economic data in the coming week will support the scenario of no change in interest rates at the September Federal Reserve meeting and may even keep the central bank from adjusting interest rates until the end of 2023.
However, this week, the market's focus will be on the European Central Bank's interest rate decision. It is expected that the central bank will not make any changes to interest rates, not because of inflationary pressures but due to the threat of an economic recession in the Eurozone.
#GoldForecast
In the coming week, the interest rate in the Eurozone is not expected to change significantly, and as a result, its impact on the US #dollar and the price of an ounce of #gold will be limited. However, it is expected that the European Central Bank will not reduce interest rates for a long time. If the European Central Bank expresses concerns about the #future of the Eurozone economy, demand for the US #dollar will increase, and in that case, the price of an ounce of #gold will decrease.
Based on this, it is predicted that the short-term trend of an ounce of gold will be inclined towards a decline. The strength of the US dollar will limit any upward rally in the gold market.
GOLD (XAUUSD): Bearish Wave Continues 🥇
Earlier, I have predicted that Gold will drop from a major falling trend line.
After its test, we saw a strong bearish reaction.
Taking into consideration the fact that Gold is trading in a bearish trend,
probabilities will be high that the market will go lower.
On a 4H time frame, the market closed, trading in a horizontal range and consolidating.
Your bearish confirmation will be a bearish breakout of the support of the range
- a 4h candle close below 1914.
A further bearish continuation at least to 1907 level will be expected then.
Alternatively, a bullish breakout of the range may initiate a correctional movement.
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Gold weekly bias: BearishHello there, let's discuss what could probably happen in the gold market in the coming week.
As you might see, the gold order flow has been bearish for the past few weeks now, as indicated in the weekly timeframe by a trendline drawn in the chart, showing us that gold might continue to go down to the 1885.325 support level area. You may ask why selling gold. See the answer below:
Important Note : An inside bar that formed at the key level area (trendline resistance area) in the weekly chart is a clear selling confirmation of this downward move. There may be a little pullback though, which could make the coming week's weekly candlestick have a wick/tail before completely going down to the 1885.325 support level area. If gold succeeds in breaking this level to the downside, it could head down to 1804.873.
But, watch out to sell gold in the coming week in the lower timeframes like h4 downward.
Conclusion: Gold flow is bearish, and it will sell in the coming week.
XAUUSD A HEAD AND SHOULDER FORMED hello traders , so as i predicted last week gold perfectly droped to the 1920-1925 area.
unfortunately for me i didnt manage to catch the move i was waiting for a retest for of the 1940s, and that didnt happen so i didnt make anymoney even tho my analysis went +200 pips.
but it is what it is this is apart of trading , there will be more opportunities in the future.
anyways it seems like gold might continue this bullish rally. as we can see the price formed a head and shoulders pattern it is very possible we might see gold drop another 200 pips back to the 1880-1900 area.
here are our bearish clues :
- dollar still too strong
- the head and shoulder formation
- Friday 1D Candle closed as a massive Inverted hammer Rejecting the 1920-1925 zone
the breakout of the neckline will be our confirmation.
also keep in mind this week is very action packed we have alot of stuff coming out like CPI which will determine the fate of the dollar and the direction of Gold .
this is no financial advice just my humble opinion hope you liked the idea make sure to like and follow my trading view i post weekly setups and signals.
(Gold) : Nice Weekly TrendHey guys, I hope you're all doing well. As you can see for gold, I think we must expect the gold downtrend to last for a much longer time. In my opinion, gold will fall (step by step) until the 1810 area, and after that, it will fall until 1700. Then, if the price breaks the major support and retests successfully, according to the Triple Top pattern, it must fall down more and more.
Just as a precaution, this is a (Long-Term) Gold idea, according to what I can see on the chart. Also, there are a lot of factors that can change the game.
May you all be PROFITABLE,
GC - Gold short to the Center Line
It's very nice to see how price reacted at the CL, then came back to the U-MLH.
And again price got rejected at the U-MLH.
The A/R line is broken and now price has a good chance to travel to the Center Line again.
btw: This trader has the same idea, just using another technique:
Great one, I really like this.
📈Gold 2H analysis, First day of the week📉OANDA:XAUUSD
FOREXCOM:XAUUSD
Hello Traders, please check out my previous ideas.
In my opinion, everything you need to know at this stage of the gold price movement is in the chart.
If the price breaks above the red zone or stabilizes above the 1950, the bearish scenario probably will not occur.
Targets are shown on the chart (1935 is my risk-free target).
Additional downside scenario targets are available in previous gold analysis.
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Gold 30_31 short, break the position and follow the short direct
Life is in the world, and the grass and trees are in the autumn. Whether it is a happy time or a sad moment, time is moving forward without hurry, and it will not stop more for anyone's nostalgia, nor will it speed up the pace because of whose boredom. Life is not satisfactory, the self in the past life is no longer speculable, the current self is experiencing big and small gains and losses, some mistakes are irreparable, and some beautiful fragments have become dusty memories.
Gold, yesterday's black line retracement, closed in the bald head barefoot pattern, also directly fell below the support of the short-term moving average system, the lowest touched the 24 line after a temporary stop, and the continuous rise of the market, a long time in the high sideways, if it has been maintained above the support level of operation, it is likely to be the effect of correction, such as a long time without the intention of breakout, then it is very likely to reverse the retracement, and then it directly fell below the support 30 line below, then it is very likely to reverse in the short term, at the same time, the moving average system has also broken, The weekly 5-day line also directly broke, the bulls' upward momentum is about to be damaged, and the current need to note that since it has broken the 30 line, we still need to follow the market to further short, this position is also our short-term entry point, if the European market stands at this position again, and there is no weakness, it still needs to be adjusted, and the primary support below is maintained at the 20 line, then intraday gold we still maintain short around 30-31, the target is around 20-15, loss 36.5.
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XAUUSD\GOLD - AnalysisXAUUSD\GOLD
W1 - is in the phase of a flat / sideways direction in the price section 2037 - 1678, as it is clear that the price twice after the implementation of two waves approached the price of 1814, and then after the correction - movement to the price of 1678
What can be expected now?
Presumably, the correction after the 3rd wave begins to end, which may lead to the implementation of the 5th wave and the price drop to 1814 and below.
Short
Long term - goals 1814–1678
Medium term - goals 1918-1899-1871
Gold 45-46 short, backhand short next week
When we were young, we all felt that we had superpowers, unique, and what others could not do, and when we grew up, we slowly found that we were not so strong, commonplace, and even far less than most people, often time will slowly give us what we want, but he will also slowly take away what we are reluctant to slowly take, the autumn wind is difficult to autumn wind and rain, a book of lovesickness.
Gold, Friday's non-farm rush back down, after the highest touched the 53 line began to retrace around 34, the daily line closed at the upper lead of the doji pattern, and for the previous continuous rise of the market, the pattern of the high doji may be a signal of the end of the bulls, while the non-farm rush back down also makes the market on its bulls energy will have the possibility of excessive release, and the current pressure above gold is maintained at the previous high of 48 line position, and Friday's non-farm high may also be a possibility for bearish washing, And the first support below will be located at the 30 line, this position is also the later long and short turn point, and once it continues to break, the short-term bullish counter-draw will also end, and the weekly system is still suppressed in the middle of the orbit, then Monday's trend is relatively important, if it continues to break, then the possibility of late continuation is higher, on the contrary, I personally think that the probability of a long-short reversal is greater, then Monday gold rally saw 46-47 near short, the target is around 35-25, loss 52.5.
XAUUSD H4 - Short SignalXAUUSD H4
Again, following on from yesterdays video analysis, we could expect to see this 618 fib zone, H4 and D1 resistance/supply price hold. Very early on so far in the week, not a massive amount of expected movement/data today.
Looking for shorts around current price to 1945 if we can start to hold resistance here as we open up the trading week. DXY looks like it may have some more downside, but lets see if XAUUSD can just consolidate until the dollar is ready again.
XAUUSD – are the bears ready for action again?? 25 Aug, 2023The vital support at 1915 was broken by the bears a few days ago, but the bulls took over and stopped further gains. Price is back at that area again. The daily candle of 24 Aug can best be described as “indecisive”. The overall flow I the market is to the downside and my bias is in line with this.
If we get bearish indication as I expect that we will,
Entry should be below the low of Thu candle
Stop should be above the high of Thu candle
Initial target can be at 2R subject to an extension lower if PA suggests.
If however, we see a bullish continuation move, my analysis would get negated.
Being prepared for the unexpected is a good idea in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more.
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XAUUSD / GOLD WITH 190+ BEARISH PIPSGold has been a consistent rise in price in the most recent times,
Bullish day traders has been a steady cash out but from what the chart formation is painting currently,
A massive retracement (Bearish) moves is eminent that may likely drop about 200 pips as the market opens for the new week
According to DANCOLNATION CAPITAL TRADING Strategy, we shall be trailing the moves on intra day and day trading perceptive to catch the most of the moves