Get started

Xaushort

Gold’s Bearish Divergence: Short Setup After Multiple RejectionHi Fellow Realistic Traders. Here's my latest price action analysis on Gold! After hitting the multiple rejection area, OANDA:XAUUSD formed an inverted hammer and swing high. The chart and stochastic also indicate a bearish divergence, confirming a bearish reversal scenario or downward movement. Historically, when observing the current price correction on Gold, it often goes back to the exponential moving area 34 or near the Fibonacci ratio area. Therefore, we expect Gold to move downward to our target area. It is essential to note that the analysis will no longer hold validity once the target/resistance area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on OANDA:XAUUSD ." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
OANDA:XAUUSDShort
by financialfreedomgoals101
Analise XAUSDThe analysis conducted on the XAU/USD pair is based on support and resistance levels. By plotting S/R, I identified these zones, and considering the current uptrend after a correction last week, I observed the following: H4 (4-hour chart): The trend and RS zones are evident. M30 (30-minute chart): We can observe the price action, which is present twice, indicating a retest. Following these points, I placed a buy order at this level, and I believe the analysis will hold true.
OANDA:XAUUSDShort
by Lourenco05
XAUUSD WEEKLY TRADE (UPDATE)After a few days, daily support at 1924 was broken. So, what's next? In my opinion, there are two important supports on the daily and weekly charts. As a result, a break from those levels may result in additional decline. On the other hand, if rejection occurs, the next resistance will be in 1941. Keep an eye on the weekly trendline as well. Let me know what you think In the comments! My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills. Thanks a lot for your support.
OANDA:XAUUSD
by mytw0cents
Gold Declines Amidst US Dollar Surge: Caution is Advised I wanted to bring to your attention the recent developments in the gold market that have sparked concerns and prompted a cautious approach toward gold trading. Over the past few weeks, we have witnessed a significant rise in the value of the US dollar, which has subsequently impacted the price of gold. Gold tends to face downward pressure as the dollar strengthens, as they share an inverse relationship. This correlation has been observed in the market lately, leading to gold declines. However, it is essential to note that gold has been holding within a consolidated range despite the dollar's ascent. This suggests that gold has not yet abandoned its current pattern and is still awaiting a confirmed catalyst to dictate its next significant move. Considering these circumstances, it is crucial to exercise prudence and wait for the lead-up to the next confirmed catalyst before making any hasty decisions regarding gold trading. Doing so allows you to take advantage of potential opportunities when a clear trend emerges. In light of this analysis, I encourage you to refrain from adding gold to your portfolio. Instead, I recommend closely monitoring the market and staying informed about any upcoming events or factors that could potentially influence the gold market positively or negatively. To stay updated, I suggest keeping an eye on key economic indicators, geopolitical developments, and central bank policies that may impact the US dollar and subsequently affect gold prices. Additionally, following reputable financial news sources and consulting with trusted industry experts can provide valuable insights to help you make informed decisions. As always, it is crucial to remember that trading involves risks, and a cautious approach is essential to minimize potential losses and optimize your trading strategy. In conclusion, while the recent surge in the US dollar has led to gold declines, it is imperative to wait for the next confirmed catalyst before considering adding gold to your portfolio. By staying informed and monitoring the market closely, you can position yourself advantageously when a clear trend emerges.
OANDA:XAUUSD
by bryandowningqln
Gold- From buying dips to selling ralliesLast week was a tough one for Gold bulls, with 3 failed attempts to stay above important 2k mile stone and, finaly, a close well under this figure. Although the medium term up trend remains intact so far, on short term, we can assist to a deeper correction. A level to watch for this correction is the next obious support zone between 1940 and 1945. In conclusion, as long as 2k remains intact, I'm looking to sell rallies with the up mentioned target.
OANDA:XAUUSDShort
by Mihai_Iacob
5