Short GoldStructure: downtrend
Price is in a down channel
Weak forces of buyers
Expect: price continues to downtrend
Target is in an image (bottom of the channel) - support zone 1650
Good luck
Shortgold
SHORT GOLD - 1500 IS COMINGGood Day Traders!
Here's the trade idea and do let me know if you have any questions! 💰💰💰
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Our GOLD setup:
Rules:
1. SHORT ONLY when price go above 1700 level.
2. SHORT ONLY when bearish candle formed in 4H chart.
3. DO NOTHING when above #1 & #2 are not met.
TP 1 : below level 1600
TP 2 : below level 1500
CL : level closed above 1760 (prev high)
RR > 3
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"All winning professionals know the enormous importance of psychology. Most losing amateurs ignore it.
"
DISCLAIMER: There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Trade at your own risk.
GOLD "THE BIG SHORT" SOON.... OR NOW!. Gold we have a great and potential opportunity. We could now go on sale, keeping a correct management of the capital, since it is very possible that it will reach the 1800s. Or wait. But the fall is imminent, we have strong resistance which combined with our patterns, should send the gold down.
XAU/USD SHORT OPPORTUNITY (DAILY):XAU/USD SHORT OPPORTUNITY (DAILY):
We may see an inverted head and shoulder formation on GOLD. Keep this thought in mind
Gold Short SetupFor the majority of this week, gold was holding around the 1650 zone. Finally it presented an opportunity to for me to enter a short position, offering a 2.5:1 R/R.
I targeted the 50 ema on the daily chart, as this was a reversal (counter trend) trade, which took profit a few hours later.
Currently, the markets are extremely volatile due to the media reports on the virus. My advice is if you are not experienced, wait until this has all blown over before taking any positions!
Have a great weekend!
P.S
If you want to learn more about how I trade, drop me a DM on here or on IG @saxonpooley!
GOLD CRASH TO 1200 TRADE WARS 2020In the recent months china's wealth has been fleeing Yuan in the fear of virus contagion from cash so they have been acquiring large amounts of gold reserves from offshore deposits.
These same people selling KG for the highest price will crash the market destroying China's economy the trade war has only just begun mark my words!
Don't believe a word I say - Do your own research.
BUY BTC
SAXO:XAUUSD
FOREXCOM:XAUUSD
FX_IDC:XAUUSD
OANDA:XAUUSD
OANDA:XAUEUR
OANDA:XAUGBP
FX_IDC:XAUAUD
OANDA:XAUCAD
FOREXCOM:XAUGBP
OANDA:XAUCHF
FX_IDC:XAUUSDG
FX_IDC:XAUCNY
OANDA:XAUNZD
FX_IDC:XAUTRYK
BITFINEX:XAUTUSDSHORTS
BITFINEX:XAUTUSDLONGS
FX_IDC:XAUCAD
FX_IDC:XAUINR
COINBASE:BTCUSD
COINBASE:BTCGBP
GOLD ShortYes, i know you all have suffered a little loss as XAU broke the trendline mentioned earlier.
Now here is your chance to SHORT! Watch out resistance area, SL above the trendline.
TP can be 1540 and below. Short gold during daily spike! Happy Hunting!
Gold UpdateGold finished 5 waves up targeting 1611$ an ounce.
moved down nicely in a 5 wave pattern as well that indicates more room to the downside in the coming sessions however we
shall wait for a three wave pullback near 1585$ to enter shorts again.
Complex Corrective Wave on GOLD!!!after finishing triangular wave X the price moved nicely in an impulsive manner and stopped for a three corrective pullbacks, now its time again to take Gold into new lows that might target 100%
Fibonacci expansion near 1416$ per ounce.
risk to reward ratio for his trade is awesome since any daily close above 1495 will erase this bearish sequence.
good luck
Short Gold 1st week of NovemborQuick Descending Trendline simple works
Short gold at $1512
Stop loss at $1523
First take profit at $1485
Second take profit at $1447
XAUUSD Anaysis: Sell ideaHey traders... I see a good sell opportunity in GOLD. Wait and sell if a breakout happens to the triangle from the lower side.
BEARISH BIAS on GOLD / SHORT FOR TARGET of 1390 and BELOWSHORT GOLD AT 1410 FOR TARGET OF 1390
GOLD is Bearish on Daily Time Frame
Long JDSTGold is oversold on the RSI. Had a doji reversal last Friday. And HUI miners keep signaling lower gold. Anticipating a move back to 1300. JDST is near previous all time lows @ 29 from February
If the Fed doesn’t deliver a rate cut Wednesday, expect gold to sell off
XAU|USD SHORTApologies for the late Upload, we have only just joint trading view!
We entered a short position on Gold @ 1341.51
SL @ 1350.09
TP1 @ 1270.00
TP2@ 1185.00
REASON FOR THE TRADE:
MN TIMEFRAME - when looking at the monthly time frame you can see a clear false breakout, which has again been replicated, the strong resistance at 1342, was showing reversal signs and failed to breakout beyond this point.
W1 TIMEFRAME - on the weekly timeframe you can again see similar correlation, a very similar pattern forming and has taken place.
D1 - the daily timeframe is probably most clear for the signs of gold, the typical tweezers trying to breakout, and failing at our key levels.
SUMMARY:
Although the view for gold is bullish, the charts do not lie. We have had a lot of turmoil with the ongoing trade war and tariff's, Brexit and many other factors where we have seen investors flee to a safe haven. my overall opinion is bullish, but NOT YET. Although watching BBC makes you feel like the world is going to end, there isn't enough for it to push above these levels. We will be patient with this pair, I personally think TP2 is optimistic, but also possible. We will see if trump does anything else crazy.
Happy trading!
I'm short on goldGold is going upsides....next resistance is 1310.7, Is a very good R:R trade, so I will wait for price action before enter this trade.
