Xauusad
Gold still has downside potential.Do not be deluded into thinking that every transaction will be perfect. Profits and losses need to be balanced, gains and losses need to be felt. Investing in the market is like traveling, always in a hurry, with so much confusion and hesitation. Only by calming down can we dispel the clouds that obscure our vision and quietly enjoy a cup of tea, and only then will we discover that many opportunities are right in front of us.
Yesterday, the gold price rebounded and briefly approached $1828.70 per ounce before falling back and returning to a corrective bearish trend. As shown in the chart, the gold price fluctuates within the bearish channel, and is currently waiting for the price to drop to the next target of $1788.20 per ounce.
From the 4-hour chart, the 50-period exponential moving average (EMA) has formed bearish pressure, which supports the expected downward trend of the gold price. If the price falls below $1788.20 per ounce, the next target for the gold price is $1747.70 per ounce. On the other hand, we should point out that if the gold price rebounds and breaks through $1828.70 per ounce and $1843.70 per ounce, this will stop the bearish trend and push the gold price to start a recovery attempt, with the first test being in the $1878.80 per ounce area.
Currently, the short-term expected trend for the gold price is bearish.
The market is constantly changing, so it is important to stay informed. You can click the rocket to stay updated on any developments.
xauusdAfter breaking the resistance level and stabilizing it high, the price can grow up to the specified range.
Short Sell Gold has clearly made a bearish pattern visible on daily TF.
IF today daily close below 1738 we will have this idea valid for tomorrow selloff
Sell 1735
SL 1745
TP H4 HL 1700
gold nice 1 hour short #XAUUSADprice brock below 1 hour support probably going to retest it giving us a great shorting opportunity
#XAUUSAD
GOLD/XAUUSD A Potential Short According to a 90 % Strategy - I DO NOT use any Technical analysis or what is know in the field because they are out of date and that Is why 95% of traders lose money , they follow the same trap of Market Algorithm , which is created for them. I use an Arithmetical process that shows me the potential level of the price ( Its not 100% right, but it works, Especially on Small time frames , and if you follow me you will notice that )
Go back and reflect Are the market makers use trend and RSI to trade Billions of Dollars ?
Why 95% of traders lose their money in the market ?
How do the pro traders think and make money ?
NOTICE : I made this signal on 5/16/2020 . 9:50AM UTS
