GOLD 21/6!! A slight recovery after the fallThe price of gold (XAU/USD) remains at a low point for the week, recovering from a three-day decline near $1,937. Investors are getting ready for an important event this week, which is the bi-annual testimony of Fed Chair Jerome Powell. It's important to mention that negative news about China, along with the Federal Reserve's hawkish stance and positive data from the United States, are keeping the bears in the XAU/USD market optimistic.
Expect a slight recovery of the downtrend on June 20. But the downtrend is still dominant
Can SELL price range $1946-$1950, SL 1960
Based on 2 technical indicators EMA 34, EMA 89 combined with the MACD, it shows that the 9 EMA crosses the upward signal line, showing divergence.
Shortposition
Keep an eye on $BTC/USDTBTC/USDT update:
Await the breakthrough of the resistance level at 29090, followed by a successful reclaim of target levels.
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GOLD 19/6 @ Downtrend prevailsThe price of gold (XAU/USD) is currently being affected by negative market sentiment towards China and concerns about the Federal Reserve (Fed). It is currently trading near its lowest point of the day, around $1,955 in early Monday trading in Europe.
Recent news about several banks lowering their growth forecasts for China has dampened investor appetite for risk and put downward pressure on the price of gold. Additionally, comments from Fed policymakers that lean towards a more hawkish stance, along with the latest report from the US central bank to Congress, have also influenced the XAU/USD price.
It is also because of pressure from bad news from the world. Gold price has not been able to break through the Break out area of $1968, it is still trending down this week, June 19, 2023
Entry Short $1968 -$1970 , Buy zone $1943 - 1940
Use the technical analysis indicator strong resistance point at $1968 combined with the moving averages MA34 and MA89 , for a nice entry point .
GOLD 16/6: sideway in bearish zoneFollowing the US's decision to halt interest rate hikes, the European Central Bank (ECB) raised interest rates by 0.25 percentage points in order to boost interest rates in the euro area to 3.5%. As a result, the US dollar significantly depreciated against several currencies, causing a sharp decline in US bond yields.
Consequently, the appeal of USD and bonds diminished for investors, leading them to redirect their investments towards precious metals. Consequently, the global price of gold occasionally experiences substantial increases of tens of USD per ounce.
Gold price on June 16 is fluctuating at $1961 level
Met strong resistance at the price range $1965 - $1967. The short-term main trend is not strong enough to overcome the resistance, watch for SHORT
Technical indicators are approaching oversold levels, and the 34 and 89 EMAs are currently moving around the $1961 level.
RNDRUSD short positionOn the chart we can see a rising wedge formation. Our strategy is enter a short position when the price retest the resistance line.
We can see an on-going distribution as there is a lower highs construction.
Stop loss: 2.957 USD
Target: 2.021 USD
Entry: 2.785 USD
Short POS After Long Bull Rally!!!After an extravagant run to the upside bulls are now beginning A bear rally, I seen a strong drop to the downside letting me know bulls are exiting the market which gave me a sign of reversal to the downside. I then waited for a pullback which the market always has which then created a lower high which I took as another bearish signal to short the market I then waited for a nice entry position on the pullback which created the Lower High which I then opened a short POS with a Risk/Reward Ratio: 1.7 with my stoploss set at 0.5261 my entry at 0.5141 and my take profit at 0.4937. waiting for break of trendline which will trigger strong move to the downside and hit my take profit Please share your thoughts on what you think in the comments!!!
AAPL short position before new ATHThe price is approaching previous all time high where we should see some resistance and profit taking.
It's an area where we can speculate on a short position with a stop loss.
The price has already broke above the upsloping resistance line, so we expect the price to go into discovery mode, however before it's happens we expect that the previous resistance will be back tested and confirmed as a support,which would be our target for a short position.
Once the support is confirmed you can flip bullish.
NZDUSD showing potential short position On February 2, 2023, the NZDUSD pair embarked on an impulsive move to the downside. Following this strong bearish activity, the pair entered into a consolidation phase that took on the form of a regular flat, which started on March 10, 2023.
As of May 10, we've observed a significant breakdown outside of the flat correction pattern, indicating a likely continuation of the bearish trend. Furthermore, the price action is currently suggesting the formation of a bearish flag pattern, which traditionally signals a potential further downside.
Considering these technical developments, there seems to be a viable short-selling opportunity at hand. If the bearish trend continues, our analysis suggests that the price could descend to at least the support level at 0.61181. However, as with all trades, it's crucial to remain vigilant for any signs of a trend reversal or deviation from the projected path.
usdjpy shortcontinuing the analysis of usdjpy, I believe that if the bullish trend start an cp approach to up ahead demand box, this will be a good-confident short setup.
⚠️ Notice:
I will enter one third of my position when price touch the box and the rest of it in the middle of the box. My TP would be R/R=3 and 5.
Please trade with your own money management methodology and be aware that trading has its own risks and rewards.
Good luck ❤️
Nas100 going short understand why you invested in a certain stock at all. There might be times when you might have to sell the stock because it does not suit your investment style.
after looking at the charts i have discovered that the market price its about to grab the liquidity on the buying side giving the bears the momentum the need to push the market price to the sell side
Bitcoin Below $27,700: Short Opportunity Ahead?If Bitcoin stays below $27,700, the bearish trend is expected to persist. Breaking below this level could provide an opportunity for traders to open short positions and benefit from the downtrend. Follow our Bitcoin analysis on TradingView for more insights.