XAUUSD Short Trade FOREXCOM:XAUUSD
As you can see gold needs a correction of 140 pips before start flying
what is your opinion ?
Xausdshort
XAUUSD is sellingHello traders.
Bohold my gold ideas and possible setups.
I think that there is an Elliot Wave Theory starting from February during Russian and Ukranian war from level 2070. I believe that now we are inside wave 5 with realistic targets 1570 - 1590 and a possible target the extension at 1475 area. BTW 1475 will be great for longs.
1H - 4H bearish indicate bearish trend. Not every retracement - even big ones like todays, mean that there is a reversal. In my opinion there was no break of some important structure and shift from LH and LL to HH HL continuously. False breakouts and stop hunts will happen all the time.
Also, the weekly Harmonic from the ATH gives extra confluence.
XAUUSD | Gold Price UpdateDisclaimer: NOT FINANCIAL ADVICE | Please Like and Follow if you agree.
I think gold will go lower. right now the price is at the strong support level and I expect that it will go up to the 1650 area and come back down if the price goes down from the 1620 area then we can short it and the next stop is the 1530 area.
XAUUSD SHORT base on my backtest using fibonacci, i predict price will fall again to that 2 zone i already marked.
GOLD Aug W.4: Long-term trend alert!Hi friends, I hope y'all had a fantastic weekend, and are ready to tackle this week strong ;)
Today, we're looking at a possible long-term drop on this baby. These trades are derived from both the weekly and monthly. Starting with the monthly, the price is in the huge double tops 2nd leg formation that is bouncing off the bullish crossed short-term moving averages with a bearish shooting start candle pattern, triggering what I call a "Double Top A-E.1 signal".
The weekly, on the other hand, is currently bearish running in the double tops L2 and below the 50 moving average and bearish crossed short-term moving averages (8 and 21), triggering what I call a "Double Top A-E.1 signal", but it hasn't fully confirmed. Let us take a look at how this signal and its trades will trigger, and how it won't fully confirm our bias.
Bulls: -If the price bullish rallies to break and retest the 2nd Weekly Key Lvl and 8 m.a, that will dis-confirm both the weekly and monthly signals, and the price would be in prep to form a bullish reversal pattern that will be followed by a bullish trend.
Bears: -If the price bullish spikes or retests the Weekly Neckline 3 or 2nd Weekly Key Lvl and 8 m.a with a bearish candle pattern or reversal candle pattern formation/close (1st trade signal) that leads the price to bearish break and retest the Mini Daily Half a Bat Neckline (2nd trade signal), that will confirm our bias and the price will drop for this timeframes double top L3 and the monthly's double top accumulation phase.
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section, I'd love to know you thoughts!
Stay Blessed.
XAUUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold sell, with potential to hit 1710!Gold sell, with potential to hit 1710!
Early Sell Entry at 1765 to initially target 1754 with SL at 1769.
Further losses potential targeting 1730 and 1716, perhaps below 1710.
XAUUSDLike I said before Gold to sellside liquidity! And please I don't want no 5min time frame Traders to comment on my post, this is a long term play. see my last post on gold to see where I call for gold lower, also my Bitcoin call.
THE MONSTER OF GOLD IS PREPARING TO HIT HARDHello traders,
We are still bearish for gold as we can see appering the Left Shoulder, the Head and he Right shoulder of the Gold Monster Pattern
After hitting massive Elliot Wave objective for an ABC pattern:
161% for the big Orange C
361% for the Light Orange C of the big Orange
You can check attach the Related ideas about this chart
GOLD POSSIBLE BUY TO SELL MOVECurrently on the gold pair we can see price has changed to a bearish character on the hourly time frame it gives us a conviction for a sell but long term gold is bullish but we will keep an eye and see how it plays out.
GOLD(XAU)4HOURLY NEAR FUTURE PREDICTIONTechnical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1 Downtrend in red color
We have 2 Uptrend in green color (Internal Uptrend and Long Term Uptrend)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
Yellow Levels are levels from my past ideas published or levels that were respected from the past.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
Trading Idea Regarding xauusdGold is bearish for the time being
1-Making Head & Shoulder Chart pattern
2-Break Price structure and retest it
Short GOLDGood evening,
After the rejection of the highlighted area for a third time, gold has formed a nice head and shoulders pattern leading to a possible reversion towards 1800.
Trade with care,
All the best
SHORT XAU STOPS @1831.50we have tapped into a 4h rejection zone. as long as price stays below 1831 we can anticipate a bearish move back down to 1800
Left Over Short orders for XAUUSD Hi,
Here we can see two order blocks for gold. the 1H order block got tapped into on Mondays fall. and is now bullish up to 1820 where we have another order block that will show us some downside price action
Three reasons gold will short over 200 pips today.
1. 4H OB
2. Elliot wave c about to commence if you count the impulse and corrective waves
3. price is in an ascending channel showing us it will break downwards at some point.
Free Trade for this chart.
Sell Limit @ 1821 sl 1821.75 tp 1775
Max Margin.
1.5 lots = £75 risk for £5345 Profit.
Follow Up Of Possible gold impulseOk guys so following up my idea from yesterday. The fibonacci retracement on the daily is being irrespected, this means that if today price closes below level 76% there might be a huge fall. There is still some chance that price closes above the level and respects the fibonacci level.
DeGRAM | GOLD keep falling. target - 1760Gold is in a local downtrend, perfectly fulfills our past ideas.
A false breakout of the 1760 level gave gold a pullback to the 1779 resistance,
I don't think the price can rise much.
I am waiting for the continuation of the fall of gold to the level relative to which a false breakdown was made - 1760
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Thanks for your support!
xauusd (gold) short term - SHORTas we can see intraday charts gold now forming rising wedge in down trend. In technical analysis rising wedge on down trend is indicating another leg down ( price push lower to complete pattern. Entry will validating only price brake below short term support & become new resistance.
GOLD analysis, UPDATED!!Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSDMultiple resistance at 1809, 1815 and 1833
Unless those level brake within the next 5 days I see gold going back down below 1750 if those 3 level do not brake.
I believe nfp will send it up next week the question is will it hold or not?
Comment down your thought below
