Break and retest of previous support/now resistance break in counter trendline below 50 EMA
Gold is approaching 1793 area. Great opportunity to short. Target 1788 Use proper money management. Tight stops as always
sell #xauusd #gold at 1943 and take profit at 1929 so its 140 pts due to overbought + rsi bearish divergence + accumulation under great resistance
GOLD to fall into 1700, breaking structure. DXY to rise.
Gold to complete fib retest and break monthly support at 1780.00. Increasing value of dollar --> Decreasing value of Gold.
GOLD to complete fib retest and then fall to monthly support at 1780.00
XAUUSD SHORT TRADE IDEA
GOLD head and shoulders, trading below daily levels so expect a rollover into lower levels.
GOLD may have a miniature fib rebound a little higher, then fall to the -1.618% which correlates with the weekly level. On Tuesday Fed's chair Powell testifies and the manufacturing PMI is released, which may de-value the dollar, causing the rally into the fib zone.
This is a tentative plan for now, I still need a setup on the 1h at this zone. If you trade this, you are on your own. I have been anticipating this level since Tuesday. I am looking to sell gold from 1896.675 for about 651pips. ***Please do your analysis, and share your thoughts. Thank you.
I am selling gold from 1956.274 for about 441pips. I entered on Friday and I am still holding. *Please do your analysis and share your thoughts. Thank you.
I am looking to sell gold from 1905.614 for about 392pips. *Please do your analysis and share your thoughts. Thank you
I recently decided not to waste my time explaining why i took a trade, because we never know what the outcome of a trade will be every trade i take from now on i expect a random outcome...i will be sharing the trades i take tho, and just hope for the best
My first commodities share 🤓 I managed to get a good position at 1912.64, the triple touch in this area inspired me to take a short position. A hidden bearish divergence on the daily also encouraged me. I’m adding another short position 🤞🏾
Gold has beed trading in a ranging market however in a grand corrective cycle. that means the biased direction is to the downside in order to finish from the third corrective leg near 1805- 1776 $ per ounce. meanwhile gold is retracing upwards in a 3 waves pullback, we will be looking for short positions near 1914-1917 level with respect to a stop loss above...
we will continue with our gold sell. after a 61.8% pullback now xauusd is shorting to 1950.
Hello everybody 👋🏻and welcome to my analysis As you can see on the chart, the price tested the resistance line and I think it can go down. This is only my opinion.Make your own analysis before investing and always use SL and tp.