📈XAUUSD, still looking for sell pos📉OANDA:XAUUSD
FOREXCOM:XAUUSD
Gold analytical series, Episode 26
Hello Traders, please check out my previous ideas.
As long as the price is below the middle Bollinger line, any price move to cross this line is a sell position for me.
If the price breaks above the midline and stabilizes, the scenario will change.
targets are on the chart.
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CrazyS✌
Goldshort
Weakness in global markets threatens gold's well beingIn tandem with our expectations, gold dropped below $1,910. Significant developments accompanied this movement on the daily chart; RSI, MACD, and Stochastic continued to form bearish structures, and ADX began to rise (indicating a growing trend). As a result, we remain bearish on gold in the short term and expect it to test the $1,900 level. If it breaks below this level, it will further bolster a bearish case. In such a scenario, we will watch the support near $1,893 and its ability to hold selling pressure. If it is also broken to the downside, we expect gold to drift toward $1,875. As a result, we still wait for a better price before committing more capital to the asset.
Illustration 1.01
In the previous article, we highlighted how MACD was approaching the midpoint on the daily chart. The yellow arrow indicates a bearish crossover.
Illustration 1.02
The picture above shows the daily chart of XAUUSD and two simple moving averages. The yellow arrow indicates a looming bearish crossover between the 20-day SMA and the 50-day SMA.
Illustration 1.03
Illustration 1.03 shows the daily charts of various indices. We would like to reiterate that weakness in global markets continues to present an obstacle to higher prices in gold as investors might be forced to sell it in order to cover losses elsewhere (this was a widespread phenomenon during 2022).
Technical analysis
Daily = Bearish
Weekly = Bearish
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
GOLD SHORT SCALP SIGNAL 15 MINHello friends,
I have previously announced the long-term analysis of the global gold market in higher time frames. I recommend that if you haven't seen that chart, be sure to take a look.
However, in this time frame, we can take short-term trading opportunities with a scalping approach and risk for logical rewards. I have identified two positions for you.
It is worth mentioning that these positions do not contradict the long-term analysis.
Also, please note that this trade carries a high level of risk, and capital management should be carefully considered.
Wherever you are, be happy and profitable.
Gold 19-20 short; continue to short unchanged
Gold fluctuated slightly on Friday, with no intention of breaking through. After four consecutive days of decline, this move was unexpected. We had expected a new round of decline on Friday, but after all, it did not It can come true. Fortunately, since this wave of decline, the possibility of a later breakout is very high, and the sideways fluctuations in the small area are also brewing for the next wave of market prices. The transformation of space will further strengthen the later actions, and the current pressure on gold is maintained at the 20-line. On the one hand, this position is the top-to-bottom transition in the previous period, and it is also the high point on Friday, and it is also the suppression of the daily short-term moving average. At the mouth, it is difficult to break through this position when the short position is established. However, in the near future, during the continuous downward process of gold, it will be gradual and at the same time, it will still accelerate when the energy is exhausted in the later stage, then the first target below If it breaks below 1900, you can continue to look at the position around 1870-1850. Next Monday, we will short around 19-20 for gold, and the target is around 10-05
Gold 24-25 is short, and the interval is broken and short.
Gold, once again rose and fell back yesterday. Stimulated by the news in the U.S. market, it quickly rose above 30 and then began to fall. Fortunately, this upward move was only a short-term short-term wash. Continuity, then gold is still in a short position at present, the daily moving average system is under pressure, and the long upper lead formed by the rise and fall can also promote the development of short positions in the later stage, and the current support below gold will be Continue to maintain around 05-00, this range is also the position of the top-bottom transition in the later period, but with the continuity of the short position, the current operation is also a bit simple, although sometimes there will be sudden washing, but the overall general direction Still unchanged, and from the performance of the European market yesterday, we can also see that in the case of the previous day's breaking low, the European market has been slow to move, but has the intention of a reverse breakthrough, so before the US market, we still need to Adjust the short-selling point, which has been emphasized more than once, and it is currently maintained at the 25th line of the anti-drawing point in the US market. In this short-term, if it touches the position below this position, it can still be short-selling, and the short-term gold anti-pumping point will see 24-25 Nearby short, the target is around 15-10.
Will Gold Continue to Fall?
Gold, the bears made another effort yesterday and broke through the previous support line 20. This action also fully demonstrated the short-term short-term downward demand. The daily line continued to close at the negative line, and the moving average system was suppressed. This is a relatively obvious short-selling signal. Then in the short term, we still need to maintain a short-term thinking to operate, and the first target below is maintained around 1905-1900. Once it reaches this range, there is likely to be a wave of small corrections. But the strength should not be strong, and the current pressure on gold is to maintain the top-to-bottom conversion position. At the same time, yesterday's anti-drawing high around 1927 can also be used as a key reference position for the day. The range of retracement should not be very large, because if the range is too large, it is likely to lose the motivation to continue to fall. In the short term, we still wait for the shorts to retrace and continue to short sell:1922-1924 TP:1910-1905
XAUUSD Daily breakdownGold closed below the 1922.62 support level - in the past when price has closed below here we see price tap 1903
With this in mind, the most optimal trade entry would be taking a sell at 1927 - why? because if you look at price action in the past, there is always a tap on that price level as price moves down and we haven't seen that yet.
Keep in mind we have CPI news today for the USD so we will have volatility no matter what, we may wait until after news to take trades to be safe.
GOLD (XAUUSD): Important Breakout & Bearish Scenario Explained🥇
The thing is that Gold broke and closed below a key daily structure support yesterday.
The closest strong support now is 1907.
Taking into consideration the fact that the market is bearish since the middle of July,
probabilities are high that the market will keep falling.
Next support: 1907
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SHORT FOR GOLD WHAT ARE YOU WAITING FORAT 04/05/2023 the price was so expensive 2068 and there was a big resistance
I used my Strategy and my system (You can ask for the strategy i use)
As you see THE BC i calculated by using Fibo retracement
AND the target with trend base fibo extension
i'm pretty sure the price will go down till 1712
Gold short-term is still shortwww.tradingview.com
Gold, the bears made another effort yesterday and broke through the previous support line 20. This action also fully demonstrated the short-term short-term downward demand. The daily line continued to close at the negative line, and the moving average system was suppressed. This is a relatively obvious short-selling signal. Then in the short term, we still need to maintain a short-term thinking to operate, and the first target below is maintained around 1905-1900. Once it reaches this range, there is likely to be a wave of small corrections. But the strength should not be strong, and the current pressure on gold is to maintain the top-to-bottom conversion position. At the same time, yesterday's anti-drawing high around 1927 can also be used as a key reference position for the day. The range of retracement should not be very large, because if the range is too large, it is likely to lose the motivation to continue to fall. In the short term, we still wait for the shorts to retrace and continue to short sell:1922-1924 TP:1910-1905
GOLD 1H 160pipOANDA:XAUUSD
Hey there dear attendants
It will be a pleasure if you could brace me with your supportive likes & comments if you would have tested my strategies
Lets see what happened and break the leg 😍
Hope to benefit for all
So excited 😝 looking forward from hearing from you
Wish the best
XAUUSD low risk
EP1=1930
SL=1935.5
TP=1914
R/R=1,2.9
is not financial advice
XAUUSD Gold sells on lower TFLooking at further sells predominantly on the 5 minute timeframe, easy scalp for 10-20 pips with stop loss greater than the current range.
Previous trade we got stopped out at break even so this could be a second try at price making its way out of the range towards the next level.
📈XAUUSD analyis, The first day of the week📉OANDA:XAUUSD
FOREXCOM:XAUUSD
Gold analytical series, Episode 25
Hello Traders, please check out my previous ideas.
targets are 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✌
XAUUSD gold ready for sellhey guys...
As you can see in the picture, we see a bearish structure in gold. Because a character change has occurred and LL is formed, and after that a new LL is formed, which means the structure is broken. which is shown in the picture with the symbol CHOCH and BOS. So we have to look for the right range to sell.
The first resistance range is on the way from 1950 to 1955, but in my opinion, gold should gather liquidity behind this range. So, the main drop will not be from this area, or rather, selling in this area is high risk and it is not my choice.
In my opinion, the suitable range for sell would be 1965 to 1970, which can drop the price first to 1939 and then to the range of 1902 to 1918.
We will see support in these two ranges. Later, we will update this analysis for buy positions.
Be careful. you have to see the triggers before opening the positions.
XAUUSD Setting up for BUYS...XAUUSD Setting up for BUYS...
After breaking out and above the 2-day range zone created from stagnant markets last week with buyers and sellers all piling up orders before nonfarm payroll on Friday we then saw gold push above the range and manage to close outside it after getting a validation retest off the top side, if gold can stay above the range zone and make its way up to 1946-48 we could catch some tasty buys after a pullback to maybe the current level or at least above/on the previous range zone which we could ride up to around 1954 first and then maybe 1971 but at the 1954 level there is a high chance it could then chase the 1925 low level by the end of the week. So my first target is 1954 from there I will wait for my price action confirmations before jumping back on the sail boat.
📈XAUUSD near Nonfarm Payrolls 📉OANDA:XAUUSD
FOREXCOM:XAUUSD
Gold analytical series, Episode 24
Hello Traders, please check out my previous ideas.
targets are on the chart.
Scenario 1: If the price jumps after the release of the data, if it stabilizes in the red area, then after reaching the specified circle area, the price will enter a bearish phase.
Scenario 2: In the other case, after reaching the red zone, the price may enter a sharp bearish phase and decline until 1910-1915.
✌💥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✌
GOLD (XAUUSD) Ahead of NFP. Your Plan: 🥇
Traders, do not forget that we are expecting the NFP release today.
Depending on the figures, I see 2 potential scenarios on Gold.
Bullish Scenario
1941 - 1945 is a key horizontal resistance.
If the market breaks and closes above that, I will expect a bullish continuation
to a major falling trend line.
Bearish Scenario
1925 - 1935 is a key horizontal support that the price is approaching now.
Its bearish breakout and a daily candle close below will push the prices lower.
Next goal will be 1908.
Wait for a breakout and the follow the market.
❤️Please, support my work with like, thank you!❤️
Gold's Reaction to Upcoming Non-Farm Payrolls Gold's Reaction to Upcoming Non-Farm Payrolls
Gold trading faced headwinds on Wednesday as the U.S. dollar strengthened despite Fitch's downgrade of the U.S. credit rating to AA+ from AAA. Investors seemed unfazed and focused on positive data from the ADP National Employment report that might possibly indicate a larger-than-expected Non-Farm Payrolls report this Friday.
The ADP National Employment report revealed private businesses in the US hired 324K workers in July 2023, surpassing market expectations of a189K. Fitch's decision to downgrade the U.S. credit rating was attributed to concerns about potential fiscal deterioration over the next three years and the debt ceiling crisis that was averted at the last minute a couple months ago.
The impact of these developments on gold prices was evident, as it retreated for the second consecutive session, currently testing at $1,935 and might be approaching a significant technical support level at $1,930. On the flip side, if gold resumes its rebound, it may encounter initial resistance around $1,942, followed by the psychologically important $1,950 mark.