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GOLD (XAUUSD): Your Trading Plan For Next Week 🥇 GOLD perfectly respected a contracting supply zone on a daily time frame, based on a major falling trend line and a horizontal resistance. Next week, pay attention to a double top pattern on a 4H time frame. If the price breaks and closes below 1934 - the neckline of the pattern, a bearish continuation will be expected at least to 1926. Because the market is trading in a bearish trend since May, I remain very bearish biased. However, a bullish breakout of the underlined blue are may trigger a strong bullish wave. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
4
GOLD ANALYZE H1 Hello Dears Due to the correction of the price in the dollar index and also the reduction of the upward momentum in the gold trend and hitting the resistance zone We expect the price of gold to take a short break This correction can be up to the bottom of the ascending channel or the price of 1930. Note that if the price correction has a high momentum, there will be a possibility of touching the lower areas. I wish you the best wherever you are I will be happy if you share your opinion with me
OANDA:XAUUSDShort
by jawad369
XAUUSD LIKELY BEARISH SCENARIO hello traders after an analysis on xauusd my opinion of gold is bearish after a turbulent friday caused by NFP and unemployement rate fundamentals the daily candle closed as a inverted hammer indicating a bearish sign the candle rejected a bearish trendline gold has been following for a while now. the last two weeks of august gold started a correctional bullish movement that pumped from the 1900s to the 1940s creating a bullish correctional trendline , i believe if bears manage to break that trendline we will likely see gold continue his overall bearish movement maybe back to 1900s. this is just a probable scenario nothing is confirmed and anything is possible the break out of the trendline and the key level will be a good confirmation
OANDA:XAUUSDShort
by xAB777
📉 GOLD Analysis: Bearish Divergence & Double Top Reversal 📉📉 GOLD Analysis: Bearish Divergence & Double Top Reversal 📉 #TechnicalAnalysis #GoldTrading #BearishDivergence #DoubleTopReversal #InvestmentAnalysis Hello Traders! 👋 Today, we're diving into a detailed technical analysis of Gold (XAU/USD) on the 1-hour timeframe. Strap in, because there are some interesting findings to discuss. 📈 Overall Trend: Bullish - The overall trend for Gold has been bullish, which has been evident in the recent price action. 🐻 Bearish Divergence: - However, a concerning sign is the presence of bearish divergence on recent Higher Highs (HHs). This suggests weakening upward momentum and potential reversal. 🔄 Double Top Reversal Pattern: - We've also identified a classic Double Top reversal pattern, a bearish signal. 💡 Summary of Technicals: - Bearish Divergence - Double Top Reversal Pattern - No trend continuation patterns detected 📊 Trade Setup: - Short Entry: 1938 - Stop Loss: 1953 - Take Profit 1 (TP1): 1923 - Take Profit 2 (TP2): 1908 📅 Seasonal Pattern: - It's worth noting that historical data from the past 10 years indicates a bearish seasonal pattern for September. 📆 Time Cycle: - Additionally, the weekly cycle suggests a bearish bias. 💼 Investment Advice: Considering the technical signals, seasonal pattern, and time cycle alignment, it's prudent to consider a short position in Gold (XAU/USD) at 1938 with a stop loss at 1953. Potential targets are TP1 at 1923 and TP2 at 1908. However, always remember to manage your risk appropriately and use proper risk management techniques. The financial markets can be volatile, and it's essential to have a well-thought-out trading plan. This analysis is for educational purposes and does not constitute financial advice. Make informed decisions, and trade responsibly. 💼📉 Good luck, and happy trading! 🌟
OANDA:XAUUSDShort
by T-Q
1
Gold is short at 48-49, expected to correct during retracement Everyone will inevitably suffer some grievances, and no one can hold his head high forever. The road of life is not easy to walk, bow your head when you should bow your head, and make concessions when you should make concessions. Only by being able to bend and stretch can one's heart be tough enough. Only by being able to endure grievances can one become a master and truly defend one's dignity. If it explodes at one point like a firecracker, it's not protecting your self-esteem, but lowering your self-esteem! Gold, the U.S. market has once again broken through, currently reaching a maximum of around 48. In the short term, this week will also usher in three consecutive positives, so this action is likely to be an unjust move, and the pressure from above will also It’s coming soon, and the current suppression level of gold remains at the 50 line. This position is also an important suppression level in the near future. It is very likely to break through in the evening, but the probability of breakthrough is not high. We still need to continue in the evening Bearish on gold, we are facing the first wave of retracement since the counterattack, and the support below will also remain at the 20 line. This position is also the limit of the retracement of this wave of short patterns. Once it continues to break down, it will be very likely. The possible reversal of the short position will also end the upward willingness of the bulls. At present, the daily line is above the moving average system, and the upper pressure of the weekly line is maintained at the mid-track position. This position is probably around 55, and in the evening For gold, let’s go short around 48-49 first, and the target is around 35-25, with a loss of 55.5. If you stand above 50 for a long time, you can consider adjusting your position and getting out.
FX:XAUUSDShort
by Richard-Wagner
GOLD 4H (Pivot Price: 1936)GOLD Hello,The gold price has shown narrow range trading since the morning, with no change in the expected bullish trend scenario for today if it is below 1936 the direction downwards going until it reaches 1931 and 1924 then 1913 if it falls above 1936 the direction is going to touch 1943 again and 1949 Pivot Price: 1936 Resistance Price: 1943 & 1949 & 1956 Support price: 1931 & 1924 & 1913 time frame: 4H ❤️Please, support my work with like, thank you!❤️
TVC:GOLDShort
by Evar_Mayi
Gold 19-20 short, short-term pressure bearish Gold, this Friday once again showed the shape of bottoming out and rebounding. After hitting the lowest line of 03, it began to reverse, and closed around 14, forming a negative cross star with a long lower lead. The daily line did not continue, and it was under pressure at the position of the mid-term moving average , On the contrary, it fulfilled the rapid fall of the bears, and the fall on Friday is also likely to be the second test of the bears. With the poor continuity of the bulls, we are still not optimistic about the continued upward movement of gold in the later period. A bear is under pressure, and the current pressure on gold is maintained at the 20-line. This position will continue to serve as the watershed between long and short positions and the position of key pressure points in the later stage. If we continue to stand firm at this position for a long time, we will still prefer to Bulls, on the contrary, if the counter-drawing is under pressure and retreats on Monday, we can temporarily announce that the short-term long-term counter-drawing will come to an end, and the support below will remain around 1900. If gold rebounds first on Monday, see 19-20 Continue to short in the vicinity, the target is around 05-00, and the loss is 25.5. If the performance of the European market is strong and there is no intention of retracement, the position needs to be adjusted before the US market!
FX:XAUUSDShort
by Richard-Wagner
Gold 19-20 short; The oscillation correction moves down Gold, yesterday's big white line rose during the day, as of the afternoon the highest touched around 22, but this action we still can not completely think of as a reversal of bulls, after all, in the field of long and short, the first condition for judging whether it is a reversal is not a single day of yin or yang, are continuous and breakthrough effects, and the current gold European market falls, then the probability of the U.S. market continuing to strengthen is not large, after all, continue to retrace to the position below 20, then this position is also an important pressure outlet position in the evening, And the key support below will also be maintained at the integer off the 1900 line position, this range may have a certain time point on the oscillation, and the evening trend is also more critical, if strong, then continue to follow the later right, on the contrary, the later period is still reviewed in the falling channel, then the evening gold such as the counter-draw around 19-20 continue to short, the target is around 05-00, stop loss 26.5, as follows after breaking 10 can consider continuing to hold, and the weekly system continues to be under pressure, then the short-term point or try to bearish
FX:XAUUSD
by Richard-Wagner
📈Gold analysis, Weekly insight into price behavior📉FOREXCOM:XAUUSD OANDA:XAUUSD Gold analytical series, First day of the week. Hello Traders, please check out my previous ideas. As long as the price is below the 3H-4H middle Bollinger line, any price moves to cross this line is a sell position for me. If the price breaks above the midline or stabilizes above the 1896 or 1992 level, the bullish scenario will be activated, and price can test daily Bollinger midline. Targets are shown on the chart. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
FOREXCOM:XAUUSD
by CrazyS
📈XAUUSD analysis 4H, 📉FOREXCOM:XAUUSD OANDA:XAUUSD Gold analytical series, First day of the week. Hello Traders, please check out my previous ideas. If the price breaks above the midline or stabilizes above the 1896, the bullish scenario will be activated, and price can test daily Bollinger midline. Targets are shown on the chart. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
FOREXCOM:XAUUSDLong
by CrazyS
7
GOLD SHORT!! SCALP TRADE!!Hey Traders, Here we are with the analysis of the gold, so far in higher time frame we are in bullish trend however we reached to one of the key supply area, and we expect to change the trend in lower time-frame which we can scalp on counter trend, So what we see is clear break of structure just bellow and you see change of character, So we wait for the price to reach our key level to take short position, I am taking 0.5% risk on this trade as it is scalp and counter trend, So lets see how price reacts we can have a clear drop to the level we determined... Thank you for supporting, Any question comment me bellow @FxShzd team
OANDA:XAUUSDShort
by FxShzd
Potential short swing trade for goldGold prices have held up well the past couple of days despite a stronger USD and yields. Although its established bearish trend looked overstretched around recent lows, after bears failed to drive prices materially beneath the June low. We see the potential for the retracement continue higher over the near-term, but we'll be looking out for evidence of a swing high around or below the 19117 - 1920 area (high volume node and round number). And now spot gold prices have already tested 1900, another leg lower does not seem unreasonable. Besides, the front-month gold contract is yet to break that level, and it provided support in late June. And if futures are to head for 1900, it suggests support for spot gold around 1970.
FX_IDC:XAUUSDShort
by CityIndex
Gold 99-00 short; range shock short Gold rose steadily during the day. Before the US market, the highest reached around 04 and then began to retreat, and the lowest fell again to around 89 to stop. The short-term retracement is also a continuation of the previous downward channel, which is also very reasonable. The retracement rate is slightly higher, but overall, the probability of a large retracement is not high. After all, the bottom has formed a three-bottom pattern, so this position can only be paralyzed in a large area after the position continues to break, and the current 90 line is broken. The probability is actually not high, and it is very likely that a puncture effect will be formed, and the upper pressure port is maintained at the 05 line, and the daily line begins to draw back, creating a breakthrough momentum. Shock is inevitable, but before an effective breakthrough is formed above, we still easily define it as a reversal of the bulls. At present, we can only operate tentatively, but the pressure on the top still exists, and it is recommended to try to short Mainly, if gold reverses in the short term, short around 99-00, don't look around 88-83, stop loss 05.5
FX:XAUUSDShort
by Richard-Wagner
Gold 93-94 short, short-term still needs to be short We can never predict what will happen at the crossroads of fate, but we can choose whether to give up at this point, or move forward reluctantly and rush to the end of our dreams. Even if there are no medals for victory, dignity and pride will walk with us all the way. On the runway to success, there is only a difference between speed and speed, and there is no winner or loser. Only by defeating oneself is the strong man of destiny! Gold, ending this week with five consecutive negative trends, formed a pattern of negative declines, basically at a perfect rhythm point, and continued to fall after the withdrawal, and this kind of trend requires more patience, and last week The integer level 1900 line has already broken, so this position is also an important long-short reference point position for us in the later stage. In terms of the previous performance, the probability of continuing to break the position is not good, and the current support below will also move down to around 70. The downward channel on the hourly line is flawless, the pattern of the daily line is weak, and a pattern of pressure has been formed, so gold will continue to be bearish on gold in the near future, and this kind of slow decline pattern, the acceleration in the later stage will definitely exist, and only the short energy will be released in an accelerated manner After that, there will be opportunities for bulls to reverse and reverse. At present, we are still operating around the idea of ​​shorts. Next Monday, if gold is reversed first, it will continue to be short around 93-94. The target is around 82-75. Loss 00.5, if the European market is relatively strong, the position will be adjusted and out before the US market
FX:XAUUSDShort
by Richard-Wagner
Gold: Having a 'Metal' Breakdown 😫The price of gold is currently experiencing a notable downward trend, aligning with our initial predictions. Anticipating further declines, we foresee the price dropping below the support level of $19 000. This descent could lead to the formation of the low point for the orange wave iii. However, we maintain a 25% probability of a potential upward movement. In an alternate scenario, the price would need to establish the blue wave alt.(ii) within the $2014.8 to $2064.5 range before beginning its downward trajectory.
COMEX:GC1!Short
by MarketIntel