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Goldshort

CPI signal On the flip side, the trading range support breakpoint, around the $2,630-2,635 region, now seems to act as an immediate hurdle. Any further move up could be seen as a selling opportunity and remain capped near the $2,657-2,658 horizontal barrier. A sustained strength beyond the latter could lift the Gold price to the $2,670-$2,672 supply zone, above which bulls might aim to challenge the all-time high, around the $2,685-2,686 zone touched in September. This is closely followed by the $2,700 mark, which if cleared will set the stage for an extension of a well-established multi-month-old uptrenn Gold now buy 2611 Support 2644 Confirm CPI signal Gold price bulls seem non committed as focus remains glued to US CPI report
OANDA:XAUUSDShort
by JohnHarry_7
Gold on the Verge: Eyeing 2,602 for the Next Move!Gold is currently showing signs of weakness on the 30-minute chart, and I have entered a short position based on the technical structure. The market has seen a slight pullback, but the bearish momentum seems to be taking over as it continues to test lower levels. Key Technical Insights: • Entry Price Area: short trade was initiated around 2,621.22. • Stop Loss: The SL is set above the retracement zone, close to 2,629.02 to avoid any sudden upside retracement. • Take Profit (TP): The potential downside target looks like 2,612, though there could be room for price movement lower, towards 2,608 or even 2,6002 depending on momentum. Risk Management: Given the shorter timeframe of the trade, this is a quick trade opportunity with a moderate risk profile. Traders should monitor the trade closely and be prepared to exit if the price action suggests a reversal. As always, if you are in profit, consider taking partials to secure gains and manage risk effectively. Let’s see how this short setup unfolds, and as always, remember to pay yourself when the trade starts moving in your favor! Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDShort
by AR33_
XAUUSDHere is our overall on XAUUSD . Potential short opportunity. As of now, XAUUSD is struggling to break 2624 . If we break above this level we could see higher highs and we will continue to the upside. However, If we break below 2604 , we could see a downside move to our PBA (Pullback Area) sitting at around 2590 . Breaks below our PBA could also result in lower prices. Considering the fact we made an ATH it would not be out of the ordinary for gold to do a massive pullback . KEY NOTES - XAUUSD is struggling to break 2624. - Break below 2604 would confirm sells. - A pullback from ATH is not out of the ordinary. - Break above 2624 could result in higher highs. - Break below PBA would result in deeper pullbacks. Happy trading! FxPocket
OANDA:XAUUSDShort
by FxPocket
GOLD → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone GOLD moving higher as it tests the strong resistance level.. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
TVC:GOLDShort
by TheGrove
3
Gold May Fall to 2615.00 - 2625.00 (READ DESCRIPTION)Gold May Fall to 2615.00 - 2625.00 Pivot Point: 2650.00 – This level acts as key resistance, capping potential upside moves. A sustained break above it would indicate a shift in momentum. Primary Strategy (Our Preference): Entry Point: Short positions below 2650.00. Target Levels: 2625.00: This serves as the initial downside target, indicating a potential decline from the pivot point. 2615.00: If bearish momentum continues, further downside towards this level is likely. Alternative Scenario: Entry Point: If the price moves above 2650.00, consider long positions. Target Levels: 2659.00: A move higher could test this resistance level first. 2670.00: Further bullish momentum may drive Gold toward this higher resistance. Technical Outlook: RSI Indicator: Likely indicates bearish sentiment, suggesting a risk of further declines as long as resistance at 2650.00 holds. MACD Indicator: May be below its signal line, reinforcing the bearish momentum. Moving Averages: Gold is likely trading below its 20- and 50-period moving averages, suggesting continued short-term weakness. Market Dynamics: As long as 2650.00 remains resistance, further price declines are anticipated, targeting 2625.00 and potentially 2615.00. A break above 2650.00 could shift momentum to the upside, with targets at 2659.00 and 2670.00, indicating a reversal of the current bearish trend.
OANDA:XAUUSD
by CharivapaAlgo
Will GOLD continue to hold back the bulls?XAUUSD - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A higher correction is expected. Preferred trade is to sell into rallies. Bespoke resistance is located at 2660. We look to Sell at 2662.2 (stop at 2678.2) Our profit targets will be 2622.2 and 2612.2 Resistance: 2654.0 / 2670.2 / 2685.6 Support: 2632.0 / 2624.7 / 2600.0 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
Xauusd sell From a technical perspective, any subsequent fall is likely to find decent support near a short-term ascending trend-channel resistance breakpoint, around the $2,625 region. This is followed by the $2,600 mark, which if broken decisively could pave the way for some meaningful downside in the near term. Given that the Relative Strength Index (RSI) on the daily chart is still hovering near the overbought zone, the Gold price might then accelerate the slide towards the $2,560 intermediate support en route to the $2,535-2,530 region. Gold now sell 2644 Support 2620
OANDA:XAUUSDShort
by JohnHarry_7
XAU/USD Sell to Buy idea (potential pullback?)I’m watching for a potential sell around the 2-hour supply zone. Specifically, I'll be looking for the Asian session high to be taken out, followed by a Wyckoff distribution on the lower time frames. Since this setup is counter-trend, I expect it to mark a possible reversal point for gold, as the Wyckoff pattern has already played out on the higher time frames and the market structure has shifted to the downside. If price continues to drop, I’ll shift my focus to potential buy opportunities around the 2,630 level. Once price enters this zone and shows signs of accumulation, I’ll look to trade with the overall bullish trend, as I remain optimistic on gold’s long-term upside. Confluences for Gold Sells: - A Wyckoff distribution has occurred on the higher time frames. - The market structure has shifted downward (price changed character). - Price is nearing the 2-hour supply zone, which could trigger a reversal. - Despite gold’s bullish trend, bullish momentum seems to be weakening. - If a full reversal doesn’t occur, a pullback is still likely before price continues upward. Note: If price breaks above this supply zone and makes a new all-time high (ATH), I’ll look for a nearby demand zone to catch buys before price mitigates the 8-hour or 10-hour demand below.
OANDA:XAUUSDShort
by Hassan_fx
2