Gold: Calm Market Expected: Focus on Short Positions
Yesterday's trades were very successful. I bought at 2552 and closed at 2578, then sold at 2588 and closed at 2572, resulting in solid profits.
It's Friday, and with no significant news scheduled for release—aside from uncontrollable events like natural disasters—the market should remain calm today. A $20 range would already be considerable movement.
An upward move is unlikely. On a day like this, relying purely on technical patterns, a breakout above 2600 is a pipe dream. Instead, the probability of dropping to 2572 is much higher.
So, the strategy for today is to focus on selling. There's no need to consider bullish trades.
Xauusdsell
XAUUSD: It may fall below 2500
The price is hovering around the resistance level once again, and the difficulty in breaking through remains high. Therefore, today's trading strategy should prioritize short positions.
If there is no significant change over an extended period, I believe there is a strong likelihood that this drop will eventually break below 2500. This is a judgment that requires time to confirm, so let's wait and see with patience.
I doubled short gold around 2589.Bros, I know that some short sellers are very anxious because gold has already reached around 2590, and it is only one step away from 2600. As long as my friends who follow me know, I hold a short position, but I am not particularly worried. If you still hold a short position in gold, please be sure to read the following content carefully.
Today, gold basically maintained a consolidation trend. As of now, gold has not broken through 2590. Since yesterday, I have been emphasizing that the 2580-2590 area is likely to become a short-term top area, and it still holds true now. Gold has failed to break through 2590 many times, and it is very likely to copy the trend of gold near 2530 some time ago. It has failed to break through many times, and it has built a short-term top structure and then fell under pressure. I think this possibility is very high!
In addition, the Federal Reserve is going to cut interest rates, and I firmly stand in the camp of expecting a 25 basis point interest rate cut. Once the Federal Reserve cuts interest rates by 50 basis points below market expectations, gold will inevitably fall. Moreover, gold rose before the interest rate cut, which is likely to reserve room for decline after the interest rate cut.
Last point, in fact, what I focus on now is not market fluctuations, but market sentiment. Even if I continue to be bullish on gold, the transaction risk is very high, so I prefer to start shorting gold when the market's bullish sentiment is high. So I am not worried about the short positions in my hands. On the contrary, I doubled my short positions on gold near 2589 today. I believe that time will eventually give us rewards!
The 2550 target has been achieved, how to trade next?
Currently, gold has fallen below 2550, and our short-term goal has been achieved. Due to the rapid and sharp decline, there is a need for a rebound and repair on the technical side. It is expected that there will be an increase in the intraday tomorrow. The transaction can be mainly based on low-level longs, and short again after rebounding to the resistance.
Sorry, I have already shorted gold!Stimulated by the news, gold has risen rapidly to around 2552. Obviously, gold has seen a very obvious squeeze and rise. After the rapid rise of gold, there must be a technical demand for a fall. I expect 2552 to be the high point of gold in the day, so when you all want to chase the rise of gold, I have already started to short gold!
Brothers who are shorting gold, you are definitely not alone, I am here with you!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
XAUUSD: Sell@2577-2590
Have a nice day. I was away on a business trip Tuesday, and just got back today—I hope everyone is doing well.
Gold did not follow my initial expectation of a decline. Instead, after breaking through resistance, it experienced a significant rally. Today, it broke past 2580, setting a new all-time high. Based on current indicators, the market still has upward momentum, and we can't rule out the possibility of testing 2600. However, before that happens, there will likely be a test of support.
Thus, my trading approach is to short gold in the 2577-2590 range for now.
Gold Set to Decline After European Session
Today, the primary focus is on short positions after the European session. During the Asian session, there may be another test of the upper resistance, but the probability of a breakout is low. Therefore, after the European session, bearish momentum is expected to take control. Our trading strategy should align with this trend by initiating sell positions. In the near term, the market is likely to decline towards the 2550 level, with a medium-term target around the 2487 zone.
XAUUSD: Analysis and strategy before the Fed rate decisionYesterday's view on gold was still very accurate. In the article, I clearly stated that there would be a correction before the Fed's interest rate decision, and the window period was after the data was released. As expected, under the premise of multiple negative data and a large number of long orders being profited, the gold price fell all the way to 2560, which also gave us the opportunity to close the short positions we held last week.
The Federal Reserve's interest rate decision will be announced today. My prediction for a rate cut is 25 basis points. The possibility of 50 basis points is not high in my opinion, but it has to be guarded against.
In the context of the upcoming announcement of the interest rate cut, today's trading strategy must be based on the number of basis points of interest rate cuts to formulate a trading plan, so I give the following suggestions for your reference:
In the case of a 25 basis point interest rate cut:
I personally think that the gold price will rise first and then fall. First of all, the interest rate cut is definitely good for gold, but because of the continuous interest rate cut remarks for a month, the gold price has now reached a historical high of 2590, and has digested the impact of the interest rate cut in advance. The rise in gold prices from 2530-2590 is largely due to some investors' belief that the Fed will be concerned about employment issues, which greatly increases the probability of a 50 basis point rate cut. Therefore, once the announced value does not meet expectations, the price of gold will inevitably fall.
In the case of a 50 basis point rate cut:
There is no doubt that gold prices will continue to rise and set a new high again.
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Gold Giving Amazing Bearish P.A , Let`s Sell It To Buying Area !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Gold Forms Triangle Consolidation, Double Top Reversal in Sight?
Yesterday, gold made its first pullback to test support and has now formed a triangle consolidation pattern. I anticipate that today will begin with an upward movement, followed by another test of resistance. However, I believe the resistance will hold, leading to another decline. Eventually, gold is likely to break below the trendline, forming a double top at the highs and triggering a significant bearish reversal.
XAUUSD: The decline is about to begin, have you sold?After gold rose to the high point of 2580-2590, it basically maintained a shock consolidation this week. So far, no new historical highs have been triggered this week.
For now, most investors in the market believe that the Fed's interest rate decision will be a node, but in fact, it is not. I think today's data will be a window for a change.
Because the closer the interest rate decision is, the more people will be eager to close the profitable long orders, which will quickly weaken the long force and give the short force an opportunity to take advantage of the situation.
So I think there is a high probability that there will be a callback before the interest rate decision.
Trading strategy:
Sell in the 2580-2590 area, the target is first to look at the 2550 area, and the second is the previous high 2530 area.
I personally still hold on to the short orders I held last week. After adding positions at high levels several times, the average price is now at 2567. As long as the gold price falls, our trapped orders can be closed at a profit.
Gold Nearing Peak: Time to Short Ahead of Expected Pullback
Gold has reached a high level, and technical indicators are starting to show signs of weakening. I anticipate that we are about to see the final short-term push upward, followed by a return to a downward consolidation trend. Prices are expected to drop below 2550.
The current trading strategy is to initiate short positions, gradually adding more as the price fluctuates, and holding until the downward trend begins.
Gold Stagnates at Resistance: A Breakdown Imminent?
Gold has been consolidating at its high levels for some time, with the resistance zone clearly defined. As long as this resistance remains unbroken, the primary focus should be on short positions. The longer the price consolidates, the sharper the eventual decline is expected to be.
Gold: Will start selling above 2590
Currently, the gold price is at 2584. I believe it should rise to the 2590-2596 range before starting to decline, with a significant drop likely to occur, potentially reaching the 2563 area. Therefore, I plan to initiate a sell position near 2590, with take-profit targets set in the 2573-2561 range.
Gold's price movement could be influenced by market supply and demand, geopolitical risks, and economic data, so I will closely monitor market developments to adjust my strategy as needed.
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GOLD: The 2570-2580 area is likely to be a stage high pointGold finally ended the suppression of nearly a month yesterday, breaking through 2530 in one fell swoop, and the latest high reached 2572.
I mentioned in yesterday's article that if gold does not set a new high in the short term, it may go down, but I didn't expect the impact to be so strong, much more violent than I expected.
Yesterday, my Sell position was still held, with a small position at 2543 and an increase at 2550. Now the price has stabilized around 2570. I am going to add a little more, pull the average price appropriately, and continue to hold a bearish view.
In my opinion, it is impossible to keep setting new highs. From the previous high of 2530 to the current 2570, it has risen by more than 40 US dollars after setting a new high.
According to the previous rising pattern, each time the increase is 50$, so we can conclude that the high point of this rise is likely to be in the 2570-2580 area.
Therefore, we don’t have to worry too much about the short orders we hold. The price of gold is likely to start falling from the 2570-2580 area.
Next, I will continue to update my ideas in my channel for your reference. If you have any ideas, you can ask me directly.
Xauusd sell setupHi everyone.
As you can see we broke that consolidation to the down and now we have a CHoCH in 1H TF and even we have huge amount of divergence in TSI indicator that shows the sellers are coming in.
As this trade is against the direction of higher TF, so it's a risky trade and please set an order with 0.5% of your balance.
Please consider the risk management and let's see what happens...