Goldtrading
LONGGOLD Technical Analysis: Gold have been trending higher
for the past few weeks we have seen price moving higher
with some strong bullish momentum, there is a high chance
for some retracement on Gold we can potentially move back into
1942.81 area where we have our 50% fib retracement zone.
Once of fib is being respected we can potentially target gold
last high in march 2022, and go past that area if buyers are
strong enough to hold that trend.
Keep an eye on gold gold for some opportunities remember to be
patient and wait for the market to give you entry point base on
your strategy.
Upwards correction; Short-term Elliotical approach to XAUUSD.Hello Traders!
1. We see a 5 -wave impulse down which had been expected a long time coming.
2. Now there is an expected correction upwards from the market.
3. We have clear strong support and resistance .
4. Breaking of the Trend line should confirm our entry. The break of waves 2-4 trendline mostly marks the confirmation of the beginning of the correction.
5. Be smart with your risks. Trading a correction is very risky and is not advised for beginner traders.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
Gold Buy - From A Drastic DropIt's important to note that making investment decisions based solely on short-term price movements can be risky. However, if you're considering buying gold after a drop from $1851 to $1822, here are a few things to consider:
Gold has historically been seen as a safe haven asset during times of economic uncertainty or market volatility. If you believe that the global economy is facing challenges or that the stock market may experience a downturn, gold could be a good option to help diversify your portfolio.
The drop in gold price from $1851 to $1822 could be seen as a buying opportunity. If you think that the long-term fundamentals of gold remain strong, then a short-term drop in price could be a good opportunity to buy in at a lower cost.
It's important to consider the reasons behind the drop in gold price. Was it due to a change in economic indicators or was it caused by short-term market volatility? Understanding the underlying factors that caused the drop can help you make a more informed decision about whether or not to buy.
Gold making Head and shoulder make head and solder partten in hourly chart
recent look is for 1820
then for break 1843 upside .
Gold Target Bullish for a while Target 1853: 30 Minutes timeframGold Target Bullish for a while Target 1853: 30 Minutes timeframe
BUY AT 1840, Target 1853 , SL 1832
I have used Movinf AVerage ad RSI Statergy here an Used the timeframe of 30 Minutes.
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
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