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Possible CRAZY Gold DOWNTREND? (read FULL analysis)TVC:GOLD OANDA:XAUUSD PEPPERSTONE:XAUUSD EIGHTCAP:XAUUSD BLACKBULL:XAUUSD OANDA:XAUUSD FOREXCOM:XAUUSD VANTAGE:XAUUSD EASYMARKETS:XAUUSD TVC:DXY CAPITALCOM:DXY NASDAQ:DXYN - After breaking trough multiple resistances, and rejecting all of the key levels until the previous market close (last friday), GOLD seems to be going for a continuation of a strong bearish market. According to my anaylsis, I protected my SL be placing it above the previous strongest Support Level, making it a safe but smaller risk trade. Also, in accordance to my understanding of how the market moves, I targeted a almost 10 R.R.R (at 9.89 exactly), simply because, with all of the technical analysis I have made, I believe that the market already created it's Intention , then Pulled Back by rejecting key levels continuous times, and will now perform Continuation, which means reaching my Profit Target at the 1804.653 level. As well, as the DXY is indeed moving upwards at it's own pace, making equal highs and aiming for higher highs. - With all of this information put together and analyzed, what do you think could be the possible scenario for GOLD? Let me know your thoughts below, and I wish you all an amazing day!
OANDA:XAUUSDShort
by harfi7520
Gold: Strategies are bullish today Gold runs within a narrow range, the same rhythm as before, the Asian and European markets adjusted, and the US market fell to a new low! In the early trading, it has been suggested that the pressure of 1896 is empty, and those who have entered the market continue to hold the empty order. The current price of 1892 that has not entered the market continues to be empty, and 1887 continues to rise a few points The trend is down, and the ladder is going down continuously, expanding the space below! After the shock, there will be another new low, and the gap below 1870 may be the position where the market stops falling! Before this position is touched or a strong rebound breaks through the current downtrend suppression line, continue to be bearish to the end! 1887 The current price continues to rise, enter when the bullish point is reached 1892 The current price continues to be empty, bearish! Continue to look at new lows!
FX:XAUUSDShort
by Dylan-Jones
GOLD:summary This week, gold is still the same as last week, continuing to fall along the five-day line, but this week is more deceptive, making many people think that this will be the bottom. Therefore, let's not guess whether it will reach the bottom here. Only when gold rises above the five-day line and stands firm can we judge whether it will reach the bottom. If it wants to rise, it will not directly rise. We need more patience. From now on, if you judge that it will rise, then you need to trade quickly and lock in profits to ensure that your account will not lose money. It is most important to follow the trend to make more money, but because it has fallen too much, gold will definitely have a rebound demand, so we must be more cautious and wait for the market to come out. Don't be impatient, the market will always be there, and there will always be opportunities to make money. If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
FX:XAUUSD
by UnknownUnicorn60055110
Again hold your range top, now?#GOLD... so market in first session of today again placed a high arround your range top and specially ignore the trend line but not the range.. We have still valid upside range top arround 1894 and downside range bottom still arround 1889 and still a valid areas for downside breakage.. Ingore the trend line and focused on your range top and bottom in 4 hours chart.. Am sharing hourly chart for batter understanding but you can check my first idea regarding current range was shared on 4 hours chart .. Any weakness on 4 hours chart below 1889 will leads you towards 1875 n 70 Trade wisely Good luck
FX:XAUUSD
by AdilHussain731333
1
The Unyielding Nature of Gold: A Call to Long Gold!Introduction: Have you ever wondered why gold has stood the test of time as a reliable store of value? Gold's unique characteristics make it a steadfast investment choice, unlike any other asset. In this article, we will delve into the remarkable properties of gold, highlighting its inability to be downgraded or be anyone's liability. Join us on this exploration as we uncover why long-term traders should consider adding gold to their portfolios. Gold: An Unassailable Asset: Gold has long been regarded as a haven asset, offering stability and security during economic uncertainty. One of the key reasons behind its resilience is that gold cannot be downgraded. Unlike currencies or stocks, which can be devalued due to economic or political factors, gold maintains its intrinsic value regardless of external circumstances. This exceptional quality ensures that gold remains a reliable store of wealth, safeguarding against inflation and market volatility. Furthermore, gold is not subject to the liabilities associated with other assets. When you invest in stocks or bonds, you are essentially trusting the stability and performance of the issuing entity. However, with gold, you eliminate the risk of dependent on another party's financial health. Gold is no one's liability, making it a truly independent and self-reliant investment. The Timeless Appeal of Gold: Gold has been revered for its beauty, rarity, and durability throughout history. Its allure spans cultures and civilizations, making it a recognized symbol of wealth and prosperity. This timeless appeal further strengthens gold's position as a valuable asset transcending borders and generations. Call to Action: Long Gold! Considering the unyielding nature of gold, it is prudent for traders to consider adding gold to their investment portfolios seriously. By doing so, you can benefit from its inherent stability and protection against economic uncertainties. Here's a call to action for all traders: embrace the potential of gold and make it a cornerstone of your long-term investment strategy. 1. Diversify Your Portfolio: Introduce gold as a diversification tool to balance the risk associated with other assets. Its low correlation with traditional investments can help shield your portfolio from market downturns. 2. Hedge Against Inflation: Inflation erodes the purchasing power of fiat currencies, but gold has historically proven to preserve value over time. Including gold in your portfolio can act as a hedge against inflationary pressures. 3. Long-Term Wealth Preservation: Gold's ability to retain value over extended periods positions it as a reliable wealth preservation asset. Holding gold can protect your purchasing power and secure your financial future. Conclusion: As traders, it is crucial to recognize the unparalleled qualities of gold. Its inability to be downgraded and its detachment from liabilities make it a resilient and independent investment choice. By embracing gold as part of your long-term strategy, you can fortify your portfolio against uncertainties and potentially unlock new avenues for wealth preservation.
OANDA:XAUUSDLong
by bryandowningqln
Gold analysis next week Gold's current trend seems to be, this round of decline is a continuous shock fall, the amplitude of the shock has contracted, in the upward adjustment, there is no breakthrough of the high, the upper resistance point gradually moved down, the trend is very simple, which brings certain convenience to our short-term operation layout, relying on the previous day's trading day above the resistance point trading. Friday's movement was the least volatile day, and without the participation of news and data, the market volatility became smaller. For next week's market trend, Friday's rebound high of 1897 is our reference trading position, and you can choose the resistance point for a new short-term layout. At the same time, in the big cycle, we follow the short rhythm, follow the overall trend of gold, and choose to go short Join me for more free accurate trading signals
FX:XAUUSDShort
by UnknownUnicorn58713786
Gold next weekIn the previous week, the price crossed our target of 1900, and fell to the important support of 1885. As long as the price is involved in the support zone (1902-1885), a definite decision regarding the future cannot be made. The support of 1880 can be the appropriate point for the price to return. Although the price chart has lost important supports, but for the price of gold to rise, it must break the trend line A and B strongly, so in the coming week, traders should carefully consider the price movement. so that they are not harmed. The long-term price target on the downside could be 1825, but a short-term correction is not out of the question.
OANDA:XAUUSD
by hesamsadat
GOLD:Trading strategy Gold fluctuates very little today, and it is still in a downward trend. Then the current rebound can be sold, but the stop loss must be strictly set, because each decline will not directly fall. Only when gold can rise above 1900 and stand firm can it be judged that gold will not fall again, so that trading will be safer. Gold trading advice today: Gold:sell1897-1900 TP:1892-1887 sl:1903 Today is Friday, the last trading day of the week. Today's volatility is relatively small. If you can't find a more suitable opportunity, you can choose to wait. Sometimes it's better to wait than you are in a hurry. If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
FX:XAUUSDShort
by UnknownUnicorn60055110
Gold continues the short trend, the key point today is 1890Gold continues to maintain a downward trend at present, and the white market has rebounded, but the position after the rebound also indicates that it is difficult for the bulls to gain an advantage in a short period of time. Therefore, in today's operation, first look at the position below 1890. If you hold the line of defense and do not break it, it will be near this position Go long, if you can’t hold it, gold will fall to the 1880 position in the next step BUY:1890, SL1885, TP:1897 If the European and American market rises to 1898-1900, you can participate in short selling SELL:1898-1900, SL:1905, TP:1890
OANDA:XAUUSDShort
by Short-termTaurus
XAUUSD: 16/8 Gold Trading StrategyDXY was flat on Wednesday (August 16) after data showed that U.S. retail sales rose more than expected in July; gold prices stabilized, boosted by a retreat in the U.S. dollar, although the Fed may remain on hold for longer after strong U.S. data was released. Expectations of higher interest rates kept gold prices near six-week lows. Gold reached a new low of 1896 yesterday. The oscillating movement of one step at a time seems to be weak, but it has not yet penetrated the low of 1893. A blunt shock fell, accompanied by a low rebound, and the daily line still harvested a small Yin K line. Since the daily chart was under pressure from the high point of 1987, there has been a wave of unilateral weak declines, directly giving up room for rebound. As it approaches the thousand-track mark and the low point of 1893, the short-term began to enter into repeated see-saw. It seems to be weak, but the strength of unilateral breakout is lacking, one low point and one reverse draw, whether it is brewing breakout or a steady recovery remains to be confirmed. The 4-hour chart is weak and downcast with a rebound correction. The low level was still recovered in the late trading yesterday. The short-term quickly reversed the pressure on the middle rail 1911 line and then retreated to the 1900 mark. Repeatedly testing around the low point. It needs to be further confirmed in combination with the form whether it is poised to break down during the consolidation or to start a steady recovery. At present, it is repeatedly approaching the low point, but it lacks a certain strength to break the position. The short-term changes in the tug-of-war. From the perspective of the downward trend of the small-cycle step, as long as the short-term does not regain 1916, the short-term bearish thinking will be maintained for the time being. ​​​​​​​​Gold operation strategy: SELL: 1912-1916 TP1:1908 TP2:1902 BUY:1898-1902 TP1:1906 TP2:1910
OANDA:XAUUSD
by ActuaryJ
Will gold continue to fall? Today's Trading StrategyAt present, gold has been fluctuating and rising. After 1900 was broken yesterday, it only fell to the 1896 line. It did not continue the downward trend, but quickly rebounded and corrected, closing above 1900. The current trend is basically similar to the previous trend, and a double bottom has been formed below. The counterattack trend of bulls is ready to enter the market at any time, and now we can be sure that the space for shorts to fall is limited, and we cannot blindly chase shorts. At present, we are waiting for the establishment of the bull signal, and the bears will not be able to continue the decline unless they continue to break low, otherwise all the declines are just a signal to establish the bulls' entry. Back to the topic, the downtrend of gold is not over yet, the operation needs to be treated with caution, today we will first look at the 1900-1897 line below, reach this range to find the low point and enter the market to do long BUY: 1900~1897, SL:1894, TP1:1905 TP2:1910 The European and American market rose to 1911-1913, which can be shorted SELL:1911~1913 SL:1920 TP1:1908 TP2:1905
OANDA:XAUUSD
by Short-termTaurus