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Sellgold

XAUUSD analysisHey Traders, in the coming period we are monitoring XAUUSD for a buying opportunity around 1834 zone, we might see a pullback from 1865 zone towards more 1834 zone before the big rally into more highs probably! back then we might execute the trade if we receive any confirmation, in Monday our focus will be on the selling opportunity at 1865 zone respecting the descending trend in combination with the strong supply and demand zone. we will not risk a lot in that trades just few pips will be enough. don't forget that you should always respect proper risk management, especially with gold and commodities since their movements are more strong comparing to other pairs. always risk between 1-3% of your account so in the worst scenario you'll not get knocked out from the market with a losing trade. a lot of traders get knocked out from the market because they risk 30-50% of their account in each trade and in that sense 1-3 losing trades will kick them out from the market, but a reasonable trader that risk 1% of his account and aim high he will get knocked out from the market after 100 losing trades in a row and the probability for that is close to none, that's why money management is the key success to trading more than the other tools. thank you for reading my text with attention, always happy to help! Joe.
OANDA:XAUUSDShort
by JoeChampion
7
Exploring gold shorts trades.In this trade idea I am going to be exploring the idea of taking shorts on golds for the following reasons. 1. Gold broke out of the up trend. 2. Gold then created a double top pattern. 3. Has rejected the 1902 resistance level multiple times. 4. Price should then continue to the down side in order to fill in the target wicks. 5.Gold is also very bearish on the higher time frames. I may be waiting for gold to close below the support at 1870 and once we can break that support level I may be waiting for price to drive below, come back and retest the old support as the new resistance before I enter the trade.
OANDA:XAUUSDShort
by FFF_Trader
1
Short XAU/USDI feel like I'm posting the same analysis all over again. The market has been soooo slow this week, although still in line with previous post. I just want to reassure that bias is still bearish in favour of dollar strength. EUR/USD had a major collapse and still going -> refer to my monthly analysis posted a couple weeks back. XAU/USD has been holding on for its dear life, I feel like inevitable collapse is pending, with a guaranteed TP at 1700, and a potential for a much bigger move. I could be wrong. What are your views?
FOREXCOM:XAUUSDShort
by Katherineszew
10