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Goldshort

Xauusd (GOLD): I am thinking to short positionshello guys! let's analyze GOLD Liquidity Hunted: The chart highlights a liquidity grab near the recent high (marked as hunted), where the price spiked above resistance before reversing sharply. Downtrend Movement: Gold has shown strong bearish momentum, breaking below a rising trendline and key support levels. A continuation toward the gray demand zone around $2,585–$2,595 is likely. Key Demand Zone: The gray highlighted area is the next potential support, where buyers may step in to halt the decline. Scenarios: Scenario 1: If the price respects the demand zone, a short-term bullish rebound towards $2,620–$2,630 can occur. Scenario 2: Failure to hold the demand zone could push Gold further down toward the blue support area near $2,539–$2,535. Conclusion: Gold is currently bearish, with a strong possibility of reaching the demand zone at $2,585–$2,595. Traders should monitor this level for signs of a reversal or continuation, with $2,539 as the next downside target if support fails.
OANDA:XAUUSDShort
by melikatrader94
23
Gold Outlook for December 2024Sticking with my conviction that we have indeed capped the high for Gold for 2024 and have already fulfilled a 30% retracement back into the overall range. We could potentially be ranging for the remainder of the year. I'm anticipating major breakouts within Q1 of 2025. If gold decides to breakout of its current range prior to 2025, then I would be anticipating a buy-side manipulation to take price lower towards the equal lows inside of Q3 of 2024. Let me know if you have any comments or questions below, or just your overall thoughts as well. Bless.
COMEX_MINI:MGCG2025Short
by chaarate
GOLD TO CONTINUE IN BEARISH CYCLE Gold has been in a bear market since its ATH of $2,790 back in late October, as my previous gold post stated there was an opportunity for a short against gold which could see potential returns of around 7-8% in just 60-90 days (prediction generated using trend cycle AI tools). I have slightly adjusted key level's after spending some more time utilising MTFA, the key levels are clearer now, i have also left to Fib tool on my charts to purposely show you the targets i expect gold to reach. These are major levels, other traders will also be trading to these targets influencing the market in the direction we need it to go as a short seller. Key levels: Entry: $2,646 SL: $2,680 (just above recent key level to act as a barrier) 1st TP: $2,535 2nd TP: &2,470 Profits would be locked in along the way, using the TP's i have just listed out. I would also bee inclined to move stop to entry at $2,600 to remove risk all together, at this point i would be convinced enough of a complete cycle change into a complete bear market.
CAPITALCOM:GOLDShort
by h77nry
Gold H1 (XAU/USD)The 1-hour XAU/USD chart reveals a potential corrective Elliott Wave (A-B-C) pattern following a completed (W-X-Y) structure. Expected Corrective ABC Pattern: Wave (A): The initial decline is anticipated to target the $2,605-$2,620 support zone. Wave (B): A minor retracement is expected to occur, likely staying below the $2,662 resistance level. Wave (C): The final wave may extend the decline towards the $2,560-$2,580 lower support zone. Key Levels to Watch: Resistance: $2,662 Support Zones: Middle support: $2,605-$2,620 Lower support: $2,560-$2,580 Keep an eye on the evolving market conditions and adjust your trading strategy accordingly. Good luck!
TVC:GOLDShort
by me22_
1