Goldshort
#XAUUSD
OANDA:XAUUSD
The market tested resistance and dropped by forming a double top . I think gold might go down to test support from resistance if price makes a fakeout or double top because price shows overbought condition and divergence at the resistance on 4H timeframe. I think it will go down if price rolls back to recent resistance and trendline which is upper border of the channel that was rejected multiple times. My goal is the support level at 1915.
GOLD AnalysisSetup contains:
1. Wyckoff Distribution Scheamatic
2. Bearish Break of Structure
3. Targeting IMBALANCE
FOLLOW PAFX & TRADE LIKE BANKS 💸
XAUUSD Analysis until NOV 2nd, Interest rate announcement! 📉 Gold - Bearish - We look to Sell at 1615.08
▪ The medium-term bias remains bearish.
▪ Following last week's retracement candle, the overall trend is set to continue downside.
▪ A firmer opening is expected to challenge bearish resolve.
▪ Prices are expected to stall near trend line resistance at 1675-1680.50 levels.
▪ We look to sell rallies in the coming weeks or so.
-Heavy volatility is expected after the Interest rate announcement on the 2nd of Nov.
Confidence: ⭐⭐⭐⭐⭐
⛔ Stop 1615.08
🎯 Target 1: 1601.70
🎯 Target 2: 1575.30
Weekly Outlook : Gold Heading for 1550 levels📉 Gold - Bearish - We look to Sell at 1613.90
▪ The medium-term bias remains bearish.
▪ Broken out of the triangle formation to the downside.
▪ A mild correction has been posted from yesterday's low, this is seen as a retest of the breakout level.
▪ Support at the levels of 1615 weekly low can be broken.
▪ We prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Confidence: ⭐⭐⭐⭐⭐
⛔ Stop: 1628.57
🎯 Target 1: 1604.22
🎯 Target 2: 1550
Let me know what you think in the comment section:
XAU/USD- Heading to 1500 levels zones.📉 Gold - Bearish - We look to Sell at 1638.90
▪ The medium-term bias remains bearish.
▪ Broken out of the triangle formation to the downside.
▪ A mild correction has been posted from yesterday's low, this is seen as a retest of the breakout level.
▪ Resistance could prove difficult to break down.
▪ We, therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Confidence: ⭐⭐⭐⭐⭐
⛔ Stop: 1648.57
🎯 Target 1: 1617.22
🎯 Target 2: 1590
XAUUSD Heading for 1600 levels at 2 years low
📉 Sell Gold - Bearish - We look to Sell at 1646.51
▪ The medium-term bias remains bearish.
▪ There is scope for mild buying at the open but gains should be limited.
▪ Prices are expected to stall near trend line resistance.
▪ We look to sell rallies.
Confidence: ⭐⭐⭐⭐⭐
⛔ Stop: 1655.37
🎯 Target 1: 1627.32
🎯 Target 2: 1610
Happy Trading!
gold trade GC1price tried to break above1680 but price failed twice on 30min timeframe
and we can see double top rejection or M pattern
after higher low price formed ascending channel and there is a bearish divergence in rsi
we can trade R:R by 1:1.5
entry 1668 sl 1672 tr 1661
GOLD Sell Trade OpportunityGOLD Sell Trade Opportunity
GOLD is currently, a bearish trend last week was good movement this week expecting movement on the range and currently it's trying to retest Resistance Area this is a perfect point for a sell trade.
"Always trade with Stop Loss"
XAUUSD AGAIN READY FOR WATERFALL 18/09/22Fundamental & Technical Reson For GOLD XAUUSD Fall in upcoming Week
Technical Analysis
1.Market closed beloe 1780 and breakout confirmed
2.Retest Will happen over 1654 whicjh is Last week Low
3. Clear Downtrend Continuation For Six Month
Fundamental Analysis
1. DXY ready for the rakky of 115 which presently retesting 110 which is 20 years High
2. Prelim UoM Consumer Sentiment Last week news Impact and made teh USD again stronger
XAUUSD SELL 1775-1780
SL -1710
TP-1630
Gold Sell opportunitygold to sell when he break down, and if you want you can also sell from retest level.
GOLD trend now sell then buy as per Elliott wave counts Gold is near to complete correction very soon but only after making new lows as per Elliott wave counts which are suggesting to go short now, on completion of wave 4 it can be an opportunity to buy at lower prices to ride possible start of wave 5 can make fresh impulsive moves of some lower degrees. Right now it is in sell mode only, and can slide south towards $ 1650 and below.
possible wave counts on weekly time frame
macd in weekly is negative
possible wave counts on daily time frame
macd in daily is negative
possible wave counts on 4 hourly time frame
MACD in 4 hourly is positive but till below zero line
possible wave counts on hourly time frame
MACD in hourly down tick and can cross negative soon
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
GOLDWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
GoldGold is showing final leg towards south zone has been started to unfold wave 5, which can probably go near $ 1660. On the way up side $ 1792 is an invalidation level.
As per RK's mass psychological cloud also, it is suggesting bearish. once it breaks below $ 1754 then more fireworks can be seen on chart.
RK's mass psychological cloud sell activated
4 hourly macd negative
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
GOLDWhile correction gold's recent bounce rejected from RK's stop line along with upper bollinger band on daily time frame, as per wave structure we had marked it as wave X, Overall wave structure is still suggesting corrective phase only, along with trend indicator's support as a same bias by macd on multi time frame, stochastic on daily time frame, RK's momentum and also Dollar index resumes its rally, so Gold can see its slide to south direction near $1710, where wave Z can be equal to wave W. Once price closes below 20DMA which is pegged at $1842, then bear strength can show more power.
Gold has possibly started its wave Z
On daily chart histogram is decreasing
Weekly macd is already in negative way
Monthly macd is also in negative
Daily stochastic negative crossover
RK's momentum also not sustaining positive on daily chart
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
XAUUSDFOREXCOM:XAUUSD
Gold is trading in between range of 1960 to 1965. About to break in any moment.
Gold for the March 14 2022Im Expecting gold will fall sharply below sell zone due to Head and sholder seen.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels. It is all your own risk.
GOLD NEXT TARGET WILL IT GIVE HAND FOR NIFTY TO GO UPGOLD was in down trend by BAT pattern expecting a fall and if gold goes down nifty goes up so expecting nifty to get up trend
Sell GOLD at CMP 1811 with SL 1820 tgt 1795/1785/1775/1765Gold prices are sitting atop rising trend support guiding them higher since August 2021. Immediate resistance is at 1813.40, with a break above that exposing the 1834.14-49.64 area. November’s swing top at 1877.15 follows thereafter. A daily close below 1778.50 may confirm bearish reversal, targeting 1750.78 next.
GOLD SHORT IDEAGOLD SELL Zone...........
goog Luck........................................................................
Gold long analysisagar corona ki wajah se usa me kadhak lockdown lagta hai to usd girega aur gold 2074 ka high todh sakta he
MCX GOLD ANALYSIS - Short CallGold on MCX is very bullish this month. Since October 1st, Gold rallied from ₹ 45800 to ₹ 47800 today on MCX. Gold has a major support at 47850. Currently Gold is trading around 47800
Conclusion
If you are a trader then you can have a short term short call in Gold, target can be seen upto ₹ 47400. Make a strict stop loss of ₹ 47880
