Xauusdtrade
Gold - Selling pressure is weighing on sentimentOn Monday, there was a slight dip in the price of gold due to uncertainty surrounding the Federal Reserve's decision on its benchmark later this month.
This drop followed the release of stronger-than-expected Nonfarm data for May, which suggests a more hawkish outlook for the Fed and could lead to higher interest rates for longer.
As a result, non-yielding assets like gold may perform well in this scenario.
dditionally, the recent passing of a bill to raise the debt ceiling has increased investor risk appetite, leading some to move away from safe-haven assets like gold.
Looking ahead, it appears that gold may revisit the price range of $1965-$1970, with $1940-$1935 serving as a strong support area.
However, if this support zone is breached, a Sell fomo order may be activated, potentially leading to a price drop to $1900 in a short period of time.
XAUUSD And The Factual TraderSo here we are again,
Landing at highs on impulsive Gold moves. Times like this bring opportunity for traders who are ready for them and understand the overall natural/long term flow of any market and the movement between buyers and sellers.
Remove your brain from everything you already know and just look at these two points;
- When prices get too high, traders pull out, demand drops, the price comes down.
- When prices get too low, traders buy in, demand increases, the price comes up.
It's just simple economics and trading inline with that principle means that you are going to be trading inline with how the markets always have and always ever will be. In fact, its not just this market, its the car market, the fruit market, the clothes market. You name it, its price swings from higher to lower based on demand.
So when you return back to HIGH prices that you've seen before, ask yourself, why would I buy?
If the voice inside your head said, but Will, what if it goes higher? Then it's a good idea to reply swiftly with it MIGHT go higher, but you sure have a lot of room to the downside first. It's very true it COULD extend into previous highs further but ultimately, inline with the above, it will fall eventually.
Use DCA rules and keep sizes tight to your equity. If you over-leverage on high prices thinking you are the king of all monster falls you will get burnt. So trade lightly and scale in at levels you know are factually high and you've seen have humungous falls from before.
That is how to understand the state of Gold.
Wednesday Gold moves in a narrowing bandGold prices have been trading in a narrow range of $1,950-1,980 for almost a week.
This comes after the prices dropped below $2,000 level due to the uncertainty around the US default. C
opper prices have hit a six-month low due to weakening demand and global manufacturing activity.
The metals market has been under pressure as the US dollar has strengthened, with traders speculating that the Federal Reserve will maintain higher interest rates this year.
SELL GOLD zone 1985 - 1983
Stoploss: 1992
Take Profit 1: 1980
Take Profit 2: 1975
Take Profit 3: 1965
Note : TP, SL full to be safe and win the market !
XAUUSD SELL PROJECTION 21.05.23Reason Behind the Bearish in the Following Week
Tecnically Reason
1. Double Top formed the Major Top @ 2050 and tends teh bearish Moment in last week and continuation in Fowwing Week too
2. Bearish Reversal M Pattern Spotted ober the Zone and which make the contination to 1900 after the retest of Immedaiate Support @ 2000 which due to Powells increase in Intrest rate
3. Clear Break Below 1950 which Moves Safe heaven to 1900 and Lower
Fundamental Reason
1. Dxy Beaked the 4h downtrenfd 102 and which retest the 101 which helps to reach 2000 and continuation of breakout lead DXY to 105 anf make XAUUSD/GOLD to 1900
Overall Possible Outcomes
XAUUSD SELL @ 2000-2005
SL 2027
TP1 1950
TP2 1900
XAUUSD: sell
Shorting gold has brought us huge profits!
I observed the 1h chart and found that its current resistance level is 2013-2016, and its shape is very beneficial to short positions. If it wants to form a reversal and restart the long form, it needs to fall below 1996, with oversold or MACD bottom divergence the form of the stock market will rise again, so that it can have strong strength and continuity to counterattack.
So my trading view is still short.
Trading Signals:
sell: 2009-2016
tp:1992-1985
sl:2018
Traders, I hope my signal can help you make money, if you like it, please support and follow me!
XAUUSD: Sell
After the PPI was announced today, gold did not operate according to the situation represented by the data. It was suppressed around 2040 and fell sharply. Our direction was right, but the stop loss was set too low, which led to the failure of the first transaction. When it started to fall, a short trade was made again, and finally a profit was made.
The current gold pattern is still in favor of the shorts, so my trading view is to continue to be short.
Trading Signals:
sell: 2020-2030
tp:1998
sl:2033
XAUUSD: Sell
The 30m chart is in the form of a head-and-shoulders top. Now is the time to rebound and test the resistance of 2028-2030. From the analysis of the shape, it is more likely to be suppressed again and continue to fall. It will break through the low point of 2021. My expectation is to fall to 2018 -2008. So my trading view is to continue to be short gold.
Trading Signals:
sell: 2028-2032
tp:2018-2008
sl:2038
XAUUSD: Sell
The CPI data released today is bullish for gold. Gold rose to around 2047 and then fell back. It is currently near the support of 2028. In the 30m chart, MACD has formed a dead cross. In the absence of data, it is unlikely to rise to 2047 , so my view is short.
Trading Signals:
sell: 2028-2032
tp:2018-2008
sl:2038
Traders, I hope my signals can bring you profits, if you like my views, please support me and follow me!
Opportunistic shorting of goldHello everyone, first of all I would like to introduce myself, I am Kevin, first of all I would like to explain that I am not an analyst, nor a writer, I am a professional trader with nearly 10 years of trading experience, With rich short-term trading experience, I have at least 15 hours a day to watch the market situation. I think professional traders are fundamentally different from analysts and financial writers.Because professional traders shoulder the highest level of responsibility for every market research and judgment they make, because traders need to use their own money to be responsible for every market judgment they make.And analysts and writers are more just empty-mouth strategies, let alone pay for their own trading strategies. So I consider myself a professional trader, not a so-called analyst and financial writer.
So I will not write some flashy content in the article, and each of my articles will only record my trading thinking and trading strategies. The detailed trading history records in the picture are all executed by myself according to my own trading signals. Although there are gains and losses, I am not a god. I cannot guarantee that every transaction of mine is completely correct.But I can consistently maintain my trading win rate above 95%.
Then, judging from the short-term structural trend of gold, the short-term resistance of gold is at the 2038-2040 line. When gold cannot effectively break through the upper resistance, it may start to fall back at any time and reach the 2025 support position again. Today, the US CPI data will be released, which will guide the short-term trend of gold. Then there will be very good trading opportunities.
Today I will post specific trading signals to my channel, and everyone can enter the channel to receive them!
Go long BTC/USDTBitcoin as a whole maintained a narrow volatile market, but the short-term decline stopped near the 27600 support position, indicating that there is still strong support below, so we can still rely on the support to go long BTC/USDT.
BTC/USDT: @28000-27800 go long in batches
The above are the key areas of BTC that need to be paid attention to in the short term and the general trading rhythm, and I will publish more and more detailed trading signals in my channel.If you want to grasp the detailed trading rhythm and master accurate trading signals, you can enter my channel.
Profitable gold trading signals
Today's signal is to short gold. The resistance level marked in the figure is near 1986. When gold arrives here, it is obviously blocked. The US market falls first and then rises. Our short trading completes the take profit.
At present, gold has broken through the resistance near 1986 and completed a support backtest. As can be seen from the 2h and 3h charts, the counterattack power of the bulls has not been released, and it is expected that it will continue to rise in the future. At the resistance level, we first pay attention to the first line of 1990-1995, focusing on 1998. At present, the bulls can continue to hold, if they touch 1995 and do not break, you can close the position first and observe the 1988-1986 support. If the support is effective, you can continue to go long, and continue to pay attention to the first line of resistance of 1995-1998.
The 1D pattern is still short at present. If you want to complete the trend reversal, you need to break through the 2008 line and stabilize above it. If not, gold will still fall again after rebounding.
XAUUSD retracing as expected, long favorable from 2016 zoneAs expected in the previous post the price has been pushed back from 2055 level and currently trading below and closer to the previous support around 2030. I am still waiting for the next long entry from 2016. If it reaches there, it would be a good long opportunity. However, I expect some bounce again from 2030 level. Lets see how the price develops in coming hours.
XAUUSD: The Crunch TimeHey Traders,
After the latest push To PREV highs and shorts taken you really need to plan ahead.
That's because these prices present the best opportunities when well managed.
That means ;
- No Overleveraging
- Proper use of all TF's and PA zones.
Explained in full, Any Qs, Post em.