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Goldtechnicalanalysis

Unswervingly short goldRecently, gold was rejected at 2930, then rejected near 2925, and today gold was rejected again near 2920. From this point of view, the resistance area of ​​gold moves down, and the high point drops accordingly. If gold is repeatedly rejected near 2915 next, then gold will have more room to fall. This is also the reason why I advocate shorting gold recently. At present, I still hold a short position in gold and look forward to the performance of gold and its fall back to the 2880-2870 area, or even 2860. Bros, only by following the right people can you execute the right transactions and master the skills to make money. If you want to master independent trading skills and thinking while copying trading signals and making stable profits, you can join the channel at the bottom of this article to liberate your trading talent!
OANDA:XAUUSDShort
by Trader_Marvin
Continue to short gold after the reboundBros, overnight we shorted gold near 2923, and gold fell as expected and directly hit TP: 2908, and we took this opportunity to reap a lot of profits. Recently, I have been insisting on shorting gold, and have achieved 11 consecutive victories in shorting gold transactions. We have made a lot of money in short-term swing trading, and we will continue our trading journey and continue our glory. At present, gold continues to fall and has rebounded slightly after hitting a low near 2891. Although the recent game between the long and short sides has been extremely fierce, to be honest, this wave of decline has directly fallen below the 2900 mark in the short term, and the strength of shorts is relatively strong; and gold has repeatedly hit 2930 failed, and a triple top structure was constructed at the short-term technical level. While it exerted absolute suppression on the gold price, it also strengthened and confirmed that 2956 is a stage high. Therefore, the short trend of gold may not be over, and gold will reverse again and continue to fall after rebounding. Therefore, in short-term trading, I prefer to continue shorting gold after the rebound. As the center of gravity of gold moves downward, we can consider using the 2910-2920 zone as resistance and shorting gold in an appropriate amount. If gold touches this area and falls again, gold is expected to test the support of the 2880-2870 zone again. Bros, are you optimistic that gold will continue to fall?Wise choices are far greater than hard work. Only by following the right people can we execute the right transactions and accumulate profits that change our lives and destiny. If you want to copy trading signals and make stable profits, or want to learn the correct trading logic and techniques in depth, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
GOLD (XAUUSD): Consolidation Continues On a yesterday's live stream, we discussed that Gold is consolidating within a horizontal range. After a test of its resistance, we got a local sideways movement and distribution. Violation of its minor support is a strong intraday bearish signal. Because of that, I think that the price may drop to 2900 support. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDShort
by VasilyTrader
1
Ready to short gold againBrothers, as I strongly expressed my point of view in the last article, short gold near 2916 and 2923, TP: 2895-2885. Gold just fell below 2895 during the decline, hitting our target area as expected. In this short gold transaction alone, I made more than $20K in profit. If you execute the transaction according to the trading strategy published in my channel, I believe you must have made a satisfactory profit. At present, gold has rebounded again after touching 2894, and is currently trading near 2917. According to the current structure, gold has encountered resistance in the 2930-2940 area many times, and formed a triple top structural resistance in the short-term structure; and before the NFP market on Friday, I think it is difficult for gold to form a unilateral trend market, and it may still be dominated by maintaining a volatile market, so it is not easy for gold to break through the 2930-2940 resistance area in the short term. So in short-term trading, I think gold is below 2930, and we still have the opportunity to short gold again, but the short-term TP setting can move up to the area around 2910-2900.Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
Still short gold, TP: 2895-2885Bros. good morning!!!To be honest, I still hold my short position. In the past two days, gold has fallen back to around 2902-2901 many times. Although I made a good profit in the process, I think the fall of gold has not reached my target expectation, so I continue to maintain the short position for the time being and have not closed the position. According to the current stage, gold has formed a current high point near 2956, and the 2930-2940 zone has also become an important current resistance area. Therefore, I believe that the current rebound of gold is not enough to support gold to continue to rebound and break through the key resistance level. In addition, the situation between Russia and Ukraine is developing towards peace expectations, and the factors supporting gold have decreased again. After the fermentation and digestion of the market in recent days, the positive impact of the tariff issue will gradually weaken. On the technical level, gold is likely to replicate the trend between February 25th and 27th, and fall again after building a double top structure in the short term. So in terms of short-term trading, if you don’t have any positions, you can still continue to short gold and look forward to gold falling back to the 2895-2885 zone.Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
Gold still has room to continue falling，continue to short goldBros, according to the trading strategy shared in my last article, whether you are short gold in the 2915-2925 zone or long gold near 2900, I believe you have made very considerable profits in both long and short transactions. Currently, gold is trading around 2913, and volatility has narrowed, gold should still have room to continue falling. Gold fell from the interim high of 2956 to around 2832, a total drop of more than $120, but pulled back to around 2928 with two huge positive candlesticks within 2 days. The rebound was too fast and did not go through the stage of shock bottoming and rebound. So the too fast rebound is actually not conducive to the continued rise of gold; in addition, according to the current structure and symmetry of gold, gold still has the need to continue to fall back to the 2895-2885 area in a short period of time, as shown in the following figure: So in short-term trading, we can still keep the rhythm of shorting gold! Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
Gold rebounds as expected, get ready to short goldBros, as the trading strategy I published in the last article, we went long on gold near 2860 as scheduled according to the trading plan today. In order to lock in profits in time, we closed the order near 2870. In just half an hour, we made almost 100 pips of profit. At present, gold continues to rebound to around 2875. Although the rebound process is relatively continuous, the overall rebound strength is not strong, so we can't chase gold too much; gold fell from the stage high of 2956 to around 2830, and gold turned from strong to weak. Its 50% retracement level is in the 2890-2895 zone, and the 38% retracement level is near 2880. Therefore, the current rebound cannot be regarded as a reversal, but only a technical rebound repair. If gold rebounds to the 2880-2890 zone, I am still willing to short gold. Before gold is determined to reverse the trend, I think gold must at least retrace the 2860-2850 zone to form a technical double bottom support. Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
1
The bears haven’t gone away, continuing to short gold！Bros, I want to say that 2868 is definitely not the lowest point at the current stage, and the bears have not stopped roaring. After gold falls below 2970, market panic will lead to deep selling, which will drive gold prices further down. So the bears have not left yet, and any rebound is an opportunity to short gold. As the center of gravity of gold prices moves down, the current resistance has moved down to the 2895-2905 zone again. If gold remains below this area, I think gold is likely to move towards the 2840-2830 zone next! Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
Go long on gold in the 2930 area and make continuous profits!Dear Traders, In the past couple of days, gold has been volatile, swinging up and down. Have you made profits in your gold trades? Regardless, the fluctuations in gold were within my control, and I was able to secure considerable profits from my long gold positions. As I shared in my previous two articles, in short-term trading, we should avoid hastily chasing rallies in gold. However, once gold retraces to the 2940-2930 support region, we can actively consider going long. Yesterday, after gold retraced to around 2930, it reversed and rebounded, rising to approximately 2953. Today, after touching 2929, gold reversed again and is currently climbing back to around 2942. We've secured substantial profits from two consecutive long trades in gold. Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDLong
by Trader_Marvin
GOLD (XAUUSD): One More Consolidation Since Wednesday, Gold started to consolidate within a horizontal channel on a 4H. To buy Gold with a confirmation next week, wait for a breakout of the resistance of the channel. It will initiate a movement higher at least to 2975. Alternatively, a bearish breakout of a support of the channel can trigger a local correctional movement at least to 2906. Wait for a breakout, it will provide a reliable confirmation. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDLong
by VasilyTrader
3
Be bold and short goldBrothers, did you short gold? As I mentioned in my previous article, I have already entered short positions in the 2930-2940 zone. Today, gold has broken below Wednesday’s low, which has to some extent opened further downside potential and strengthened the probability of continued decline. Moreover, under the pressure of the head and shoulders pattern, I believe gold is highly likely to retest the 2920-2910 support zone today. I have followed my trading plan and am currently in profit on my short positions. We can continue to hold and wait for further profit expansion. Did you follow me in shorting gold?If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Keep making money by shorting goldYesterday, I remained firmly committed to shorting gold from start to finish, and as anticipated, gold retraced to my two target zones: 2930-2925 and 2920-2910. Today, gold has pulled back to around 2916, breaking Wednesday’s low, which has, to some extent, opened up downside potential and strengthened expectations for further downside acceleration toward the 2900-2880 region. Additionally, from a short-term technical perspective, a head and shoulders pattern has formed, further supporting the likelihood of a sharper decline. Therefore, in today’s trading, I continue to favor short positions in gold. As gold’s price action shifts lower, overhead resistance levels are also adjusting downward. This calls for a more conservative expectation of gold’s rebound potential. For short-term trading, we can consider scaling into short positions in the 2930-2940 zone. Bros, are you optimistic about the continued decline of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
What to do if you hold a short position?Dear Traders, Gold has continued its upward movement, supported by strong buying interest, pushing above 2930, with bullish momentum regaining control. However, at this stage, I do not believe it is wise to chase further long positions in gold. I am currently still holding short positions in gold, and despite its apparent strength, I am not concerned about my short positions. This is because gold is once again facing resistance at previous highs, and according to the trendline, the 2936-2940 region remains a key resistance zone. Therefore, it is likely that gold will pull back upon reaching this zone and test support in the 2915-2910 region. In terms of short-term trading, I will continue to short gold in batches above 2930, using the 2936-2940 resistance zone, and expect a retracement towards the 2915 area. Bros, do you have the courage to short gold with me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Best Strategies to Identify a Bearish Reversal in Gold Trading In this article, I will explain to you 4 efficient strategies to identify a bearish reversal with technical analysis in Gold trading. You will learn price action, SMC and technical indicator strong bearish signals. First, let me remind you that different bearish signals may indicate a different magnitude and a degree of a potential reversal. While some signals will be reliable for predicting short term reversals, some will be more accurate in projecting long-term ones. One more thing to note is that one of the best time frames for bearish reversal confirmations on Gold is the daily. So, all the cases that will be explained will be on a daily time frame strictly. XAUUSD Bearish Reversal Signal 1 - Bearish Price Action Pattern. One of the perfect indicators of the overbought state of a bullish trend on Gold is bearish price action patterns. I am talking about classic horizontal neckline based patterns like head & shoulders, inverted cup & handle, double/triple top and descending triangle. Typically, these patterns leave early bearish clues and help to predict a coming downturn movement. A strong bearish signal is a breakout of a horizontal neckline of the pattern and a candle close below. The price may continue falling at least to the next key support then. Above is the example of a head and shoulders pattern on Gold, on a daily. Its formation was the evidence of the overheated market. Bearish breakout of its neckline confirmed that, and the price continued falling. Bearish Reversal Signal 2 - Rising Channel Breakout. When the market is trading in a healthy bullish trend, it usually starts moving with the boundaries of a rising channel. It can be the expanding, parallel or contracting channel. Its support will represent a strong vertical structure , from where new bullish waves will initiate after corrections . Its breakout will quite accurately indicate a change of a market sentiment and a highly probable bearish reversal. Look at this rising parallel channel on Gold chart on a daily. The market was respecting its boundaries for more than 3 months. A bearish violation of its support was an accurate bearish signal that triggered a strong bearish movement. Bearish Reversal Signal 3 - Change of Character & Bearish Price Action. One of the main characteristics of a bullish trend is the tendency of the market to set new higher highs and higher lows. Each final high of each bullish impulse is always higher than the previous. Each final low of each bearish movement is also higher than the previous. In such a price action, the level of the l ast higher low is a very significant point. The violation of that and a formation of a new low is an important event that is called Change of Character CHoCH. It signifies the violation of a current bullish trend. After that, one should pay attention to a consequent price action, because CHoCH can easily turn into just an extended correctional movement. If the market sets a lower high and a new lower low then, it will confirm the start of a new bearish trend. That is the example of a confirmed Change of Character on Gold on a daily. To validate the start of a new bearish trend, we should let the price set a lower high and a form a bearish impulse with a new lower low. Bearish Reversal Signal 4 - Death Cross. Death cross is a strong long-term bearish reversal signal that is based on a crossover of 2 moving averages. On a daily time frame, it is usually based on a combination of 2 Simple Moving Averages: one with 50 length and one with 200 length. The signal is considered to be confirmed when a 50 length SMA crosses below 200 length SMA. It is commonly believed that it signifies that the market enters a long-term bearish trend. On the chart, I plotted 2 Moving Averages. When the blue one crosses below the orange one, a global bearish trend on Gold will be confirmed The 4 bearish signals that we discussed will be useful for predicting short term, mid term and long term bearish reversals on Gold. While price action patterns will indicate local bearish movements, Death Cross will confirm a global trend change. Learn to recognize all the signals that we discussed to make more accurate trading and investing decisions. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
5
GOLD (XAUUSD): Your Trading Plan For Next Week Explained Gold did not manage to update the All-Time High on Friday, retracing from a key daily resistance. The market is now trading within a horizontal range on a daily. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios: Bullish Scenario If the price breaks and closes above 2943, a bullish continuation will be expected to the new highs. Bearish Scenario If the price breaks a demand zone based on a rising trend line and a support of the range and closes below that, a correctional movement will follow. Alternatively, with the absence of fundamentals, the market may stay within the range for a while, so be patient. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDLong
by VasilyTrader
1
GOLD (XAUUSD): Your Trading Plan For Next Week Explained Here is my price action analysis for Gold on a 4H. The market is currently trading in a sideways after an extended up movement that was completed 5th of February. We see a horizontal parallel channel formation. To confirm the next bullish wave, I suggest waiting for a breakout of its resistance. 4H candle close above 2887 will confirm the violation. A bullish continuation will be expected at least to 2900 then. Alternatively, a bearish breakout of the support of the channel may trigger a correctional movement. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
5
GOLD (XAUUSD): Support & Resistance Analysis For Next Week Here is my latest structure analysis for Gold for next week. Vertical Structures Vertical Support 1: Rising Trend Line Vertical Resistance 1: Rising Trend Line Horizontal Structures Resistance 1: 2816 - 2820 area Support 1: 2786 - 2790 area Support 2: 2718 - 2732 area Support 3: 2689 - 2698 area Support 4: 2655 - 2663 area Support 5: 2614 - 2635 area Support 6: 2596 - 2605 area Support 7: 2583 - 2585 area Consider these structures for pulback/breakout trading. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
5
GOLD (XAUUSD): Get Ready For Breakout It feels like Gold is going to update the All-Time High soon. I see clear signs of a bullish accumulation on a horizontal resistance based on a current highest high. A breakout of the underlined orange area and a candle close above will indicate the continuation o a global bullish trend. The market will most likely continue rising at least to 2820. Alternatively, if you are looking for a bearish confirmation, a breakout of the support of the channel will give you a strong bearish signal. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDShort
by VasilyTrader
6
Learn Supply and Demand Basics in Gold XAAUSD Trading In this article, we will discuss the basic principles of Smart Money Concepts in Gold trading. I will explain to you how Gold price relates to supply and demand on the market. What is a fair value and how to identify it. We will discuss a relation between a fair value and supply and demand and why is it so important to learn to recognize the imbalance. Gold Price First, let's briefly discuss how the price of Gold is valued . Gold price is determined by the basic economic principles of supply and demand. Supply is defined by the actions of the sellers and selling volumes. While a demand is defined by the activity of buyers and the volumes they wish to purchase. When supply exceeds demand, it leads to a decline in prices. Increased selling pressure leads to lower prices as sellers compete to attract buyers. Above, you can see how the excess of demand pushes Gold prices up rapidly. When demand exceeds supply, we see an increase in the price of the financial asset. In the example above, you can see how the excess of supply leads to a depreciation of a Gold price. Imbalance & Fair Value The excess of supply or demand on the market is also called an imbalance in Smart Money Concept trading SMC. The imbalance causes strong bullish or bearish movement on the market. However, such moves do not last forever. At some moment, reaching a particular price level, the market will stop growing or falling, and the market will find the equilibrium in supply and demand. Such an equilibrium is also called a fair value in SMC trading. On the chart above, Gold was growing rapidly. After reaching some price level, the growth stopped and the market found a fair value. Supply finally absorbed the excess of demand. Sideways Movement & Range When the market finds a fair value, it usually starts trading in sideways . The sideways movement forms a horizontal range - a horizontal parallel channel. Such ranges signify that the market participants agree about a current price of an asset. Above, you can see that after a strong up movement, Gold found a fair value and a consolidation within a horizontal range started. Fair Value Range When you spotted the range, you should remember that the market may stay within that for a very long period of time. The trigger that will make the market reassess the fair value is typically a some important fundamental factor, the surprising geopolitical or economic event that will create a new imbalance on the market. A strong signal that the market strives to find a new fair value is the breakout of one of the boundaries of the range. It is a signal of a violation of a current fair value. You can see that Gold found a fair value and was stuck for quite a long period within a wide horizontal range. Then, because of the release of significant US fundamental news, an imbalance occurred. Fair value range was violated, and the price found a new fair value higher. Trading Tips When the imbalance on the market occurs and it violates the fair value, the price tends to find a new fair value around significant liquidity zones. That is why it is so critical to pay attention to them. Also, the laws of supply and demand, imbalance and fair value work on any time frame and can be applied for any trading style. Learn to perceive a price chart from a Supply and Demand perspective in order to master Smart Money Concept trading strategy. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
19
GOLD (XAUUSD): Support & Resistance Levels For Next Week Here is my latest structure analysis for Gold for next week. Vertical Structures Vertical Support 1: Rising Trend Line Horizontal Structures Resistance 1: 2786 - 2790 area Support 1: 2718 - 2732 area Support 2: 2689 - 2698 area Support 3: 2655 - 2663 area Support 4: 2614 - 2635 area Support 5: 2596 - 2605 area Support 6: 2583 - 2585 area Consider these structures for pulback/breakout trading. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
2