Gold - Probable Short TradeWith Bearish COT Reports AND Weekly momentum down - Gold can be a short between 2030 to 2050 with a stop- of 2091 and a target of 1830-1875. My only concern is positive Daily Momentum. So strictly Stoploss Please
Goldshort
GOLD SELL FROM 2044 to 2019.The price was expected to drop as the 2055 area was retested before. Easy break out sell and now waited for NEWS volume to do the rest.
Preparing for the Worst: Trading Ahead of a US Debt Default"It is impossible to predict with certainty the exact date when Treasury will be unable to pay the government's bills," Treasury Secretary Janet Yellen said in a letter to Congress. Although Yellen noted a tentative date of June 1 as the due date to help spur lawmakers into action.
While it is highly unlikely that the US will default on its debt, this doesn’t mean that the traders won’t make plans to deal with a default or get jittery. Two likely markets that will have to deal with the moves from these investors will be forex and gold.
If uncertainties about an unprecedented potential U.S. debt default persist, the US dollar might lose some of its safe haven status which would possibly shift to gold.
US President Joe Biden plans to meet with House Democratic leader Hakeem Jeffries, Senate Majority Leader Chuck Schumer and Republican leader Mitch McConnell on May 9. This will be a key date to watch the US dollar and gold in case the group come to some kind of agreement to increase the debt ceiling.
With the US being the bedrock of the whole world’s financial system, we might also expect to see investors' jitters manifest in offshore-based assets too. Other safe havens such as the Japanese yen, the Swiss franc, and particularly the euro might be prime candidates for inflows.
GOLD short to 2020 with news coming. GOLD should drop to 2020 with news coming and also the 4hr candle can flip bearish but only if it respects the high of 2046.
EXPECTED GOLD TO REACH 2030. area to further go up.The FOMC move happened pretty absurdly. I believe Asian and london sessions should push GOLD down to grab liquidity then it can go up in the NY session.
Gold or XAUUSD analysis Gold or XAUUSD analysis
Symbol: Gold or XAUUSD
Time frame: 4 hours
Analysis: Presently we can observe divergence, SO, we can expect downtrend movement up to 1870 but in case if the price crosses above the parallel channel with high volume and in MACD, if the price crosses above zero, then, we can expect target up to 1230.
HOPE our analysis is adding value to your Trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
XAUUSD GoldOANDA:XAUUSD
As you can see that gold has created channel and if it breaks the drawn level tomorrow (Monday- 17-04-23) and gives pullback then we can take entry at sell side. plan your trade accordingly...
XAUUSD GoldOANDA:XAUUSD
GOLD has formed Double top pattern and if Monday it retest neck line and goes down then we can plan for sell side. plan your trade accordingly...
Sell Gold Target 1910After Fed data along with Euro, Gold has also turned bearish. as per wave theory Gold is expected at 1910 before friday eod !
XAUUSD GoldOANDA:XAUUSD
XAUUSD Gold we can plan for selling side because major support breakout happened and take pull back entry. plan your trade accordingly.
Job Loss Claims Even Incresed Compare to Lost WeekGold is consolidating..! I am sell with Tight SL. Its a fakeout when US session open. Lets see. Setiment or Fundamentals.
Short - Gold weekly basis + ichimoku stretagey
looking for target 54000 in gold
a confirm 1000-1500 fall from current level
stay short
disclaimer - trade @ own risk
Gold downward movement . Target expected is 1820/1816Time Frame 30 Minutes.
Gold price is below the Moving Average 20 and 40 with RSI below 80. So we can expect a Target of gold 1820/1816
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
"Going for Gold: The Profitable Strategy of Shorting Gold FutureShorting gold in trading involves selling gold futures with the expectation that the price of gold will decrease, and then buying the futures back at a lower price to make a profit.
If the future price of gold is expected to be 44950, an investor who wants to short gold would sell a gold futures contract at the current price, with the expectation of buying it back at a lower price in the future
#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"
