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XAUUSD 1H timeframe sellsWith the higher timeframes all being bearish, it would make most sense to be looking for sells, especially on the lower timeframes as we do not want to be fighting the trend unless we look on a smaller timeframe. Should we see price close below our key area of support at 1881.9 then I will look for a retest of this level where we can take a sell-limit and aim for a full TP of 1873. This does not mean we won't take partial profits and move stop loss to break even at 10+ pips as risk management is key! For buys I would need to see structure form on the lower timeframe, but right now with us being stuck in a range on higher timeframes it would be risky unless we aimed to trade within the range however something like this could take hours to play out.
OANDA:XAUUSDShort
by FriesianFX
XAUUSD Gold daily timeframe breakdownAs ever with gold, it's a staircase up and elevator down. Price has been bearish since the 8th of august with a new low being created, breaking the lows from June after the March pump and with a high amount of liquidity being grabbed there is definitely a chance for buys here. 1876 on the daily timeframe being respected would be a key area for the weekly candle to reverse/flip where liquidity is being grabbed from the downside and retesting 1900.
OANDA:XAUUSD
by FriesianFX
XAUUSD Gold daily breakdownIn yesterdays breakdown I mentioned we could see a push to 1903 and we saw that today. With price having tapped the support we last saw 2 months ago, there is a chance from here we continue down. Could we bounce? Absolutely, the question comes down to did we grab liquidity first. 1893 would be a potential level where we see liquidity being grabbed and price moving up. Keep in mind we still have not had a top wick form on the monthly candle for August, so there is liquidity to grab before price sells off down to 1800, but this isn't a guarantee, price can continue down no matter what. Linking to the DXY chart, if we see the 103.66 level reject then Gold should bounce off support and continue back up. Overall bias remains bearish with caution to the current support level.
OANDA:XAUUSDShort
by FriesianFX
XAUUSD Gold daily timeframe sellsAnother day, another crazy move down by gold. We are seeing a high amount of USD strength as Gold continues to drop through various support levels, the most significant one being 1939. Anticipation here is for gold to continue down to 1909 now, with NFP on friday and the ADP news today being better than expected, price continuing down would make sense but as always, we wait for confirmations. For those still in the daily sell swing trade posted two days ago congratulations on a $50 move.
OANDA:XAUUSDShort
by FriesianFX
Gold D Short Term Sell Idea 5/21/23The daily (D) has played out to the downside as I thought it would do if it was to break bearish at 50% of the D fair value gap (FVG) zone that it has been playing around in. Price has not hit the previous month low (PML) yet, but it should do that this upcoming week if price decides to continue bearish. As I predict that it will. If price does not continue bearish it will definitely continue bullish to take out/just tap previous month high (PMH) again. For the STRATers, the D has formed a 21 pattern and I anticipate that we will get a 2d to continue bearish at least into the 50% area of the W B FVG zone/breaker.
FOREXCOM:XAUUSDShort
by cecedidit
GOLD 16/05 : Nice sell entryTVC:GOLD Gold prices push the lower line of a two-month-old bullish channel as XAU/USD traders brace for key US Retail Sales and debt ceiling negotiations among US policymakers. However, the 200 SMA adds strength to the $2000 support, making it key for the XAU/USD bears to break before taking control. Even if Gold prices drop below 2003$, the 2,000$ round figure could act as an additional filter south before heading XAU/USD towards mid-April lows around 1,975$ . On the downside, a two-week-old descending resistance line, around 2,025$ at press time, protects the Gold price rally in the short term. Following that, the previous monthly high near 2,050$ could test XAU/USD's upside momentum before directing the bulls to the recent record high near 2,085$. It is worth noting that the top line of the stated bullish channel, near 2,095$ at the latest, stands ahead of a round figure of 2,100$ to challenge the subsequent Gold buyers. Overall, Gold price is likely to move higher unless it sustains a breakout of 2,000$. SELL GOLD zone 2024 - 2029 Stoploss: 2034 Take profit 1: 2019 Take profit 2: 2014 Take profit 3: 2009
TVC:GOLDShort
by DNA_TradingFX
EUR/JPY: 16/05. Good input for the sellerEUR/JPY is heading towards the neck and shoulder line after the cross broke out of the 20-day Exponential Moving Average (EMA) at 147.68. However, it still hesitates to achieve a decisive breakout that could invalidate the pattern. As the Asian session begins, EUR/JPY is trading around 147.95, down 0.06%. EUR/JPY remains skewed to neutral, although in the near term, will be tilted slightly to the downside. The Relative Strength Index (RSI) indicator shows a pause in the uptrend as the RSI is flat in the bullish zone, while the 3-day Rate of Change (RoC) is neutral. Although EUR/JPY spot price tests the head and shoulders neckline, the pattern remains intact. The confluence of the neckline and last year's high of 148.45 could make it difficult for buyers while being a good zone for EUR/JPY sellers. OANDA:EURJPY SELL EURJPY zone 148.00 - 148.10 SL: 148.35 TP: 147.00
Short
by DNA_TradingFX
1
GOLD 11/05: Scalp ahead of tonight's PPI newsTVC:GOLD Gold prices increased their bid to refresh the intraday high near 2,035$ early Thursday, reversing the previous day's retracement from a one-month-old horizontal resistance. Precious metals benefit from broad US Dollar weakness. The XAU/USD pair maintains a neutral to bullish view in the daily chart. The pair is growing above all of its moving averages, although the 20 Simple Moving Average (SMA) has lost its positive momentum, currently hovering around 2,010$. The 4-hour chart shows that XAU/USD holds above the bearish 20 SMA, while the longer moving averages are not below it. Technical indicators head south but remain neutral, not enough to confirm another drop. Gold could extend its decline, but buyers are likely to reappear around 2,026$ as the US Dollar's current strength may be temporary. BUY GOLD 2026 - 2030 Stoploss: 2022 Take profit 1: 2033 Take profit 2: 2037 Take profit 3: 2043 SELL GOLD 2045 ́2048 Stoploss: 2052 Take profit 1: 2040 Take profit 2: 2035 Take profit 3: 2025
TVC:GOLD
by DNA_TradingFX
EUR/JPY: 11/05. Expectations for SELL BREAKOUT BEFORE PPI NEWSEUR/JPY has printed consecutive bearish sessions breaking last year's high of 148.48, extending its losses past the 18-day Exponential Moving Average (EMA). The evening star three candlestick pattern shows that further downtrend is expected. But the Relative Strength Index (RSI) indicator remains bullish, while the 3-day Rate of Change (RoC) depicts the momentum sellers are gathering. If EUR/JPY falls below the current week low of 147.02 and the RSI breaks through the 50 moving average, it will exacerbate the decline of the 50-day EMA at 146.00. A decisive break will reveal the right price to enter a sell point at 146,800 today. Conversely, if EUR/JPY recovers and confirms the 20-day EMA, it can move above the 148.60 mark. Once cleared, the next stop would be last year's high of 148.50, followed by the 150.50 figure. OANDA:EURJPY
Short
by DNA_TradingFX
NAS100 7th may Hello team, welcome back to another week of trading. This week, we will be focusing on the NAS100/US100 pair. Upon analyzing the hourly chart, we can see a clear range inside our swing move, indicated by the yellow dots. Currently, it appears that the market is staying bullish, with the hourly range touching and creating an equal high on our chart. This is a positive sign and suggests that we may see a continuation of the bullish move higher. Moving forward, I will be looking for opportunities to buy from our lower zones in the event of a pullback, or to sell if we see a break of our hourly low. It is important to note that Monday is a bank holiday, so we may not see significant market movement until Tuesday. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
FX:NAS100
by PipSurfingSociety
2