Judging from the current trend, gold will inevitably fall below 1900 next, so my point of view is to short at a high level.
You can go long, but you can't stay long for too long, and don't trade too much volume, because it may make you feel miserable.
The safest way is to rebound and short until below 1900.
DXY completed its zigzag correction(5-3-5) near the Price Reversal Zone (PRZ).
DXY will move towards filling the gap after the downtrend line breaks (at least the growth that DXY can do).
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1h-time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your...
The collapse of Silicon Valley Bank triggered a sharp drop in the US dollar and sparked safe-haven demand, rescuing gold prices from a slump. The price of gold has surged for three consecutive days, breaking through $1,900 per ounce, and if it confirms a sustained breach above this level, it could open the door to reaching February's high of $1,960.
Last Tuesday,...
xauusd daily closed under the 50 ema
So this is what im looking at for a short position entry
So once gold opens there should be a pop to the .236 lvl of 1677.304 but what i want is a pop above 1677.304 because it can be used as a resistance but if it does get above then i would get in a short at 1680.380 - 1681.917 for a perfect for a short with a tight short...
After the previous rally, we can see the emergence of an important pattern, which is the pennant pattern, which means that the price will continue to rise, we can buy when we see a false breakout or a confirmation.
Gold(xauusd) has found itself once again hovering around the interim medium term resistance zone following worse than expected news on Jackson Hole Symposium and disastrous NFP data . At the time of writing this report gold seems really bullish and lot of retail traders and spectators are wondering what's really happening on gold. So will bull or bear will...
Idea created by analyzing price action with Fibonacci retracement as indicator.
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GOLD
after a rejection during last week's fx data day, gold broke the buy structure and went short with a confirmation of a trendline breakout. now it is short with a target being the nearest major support.
Gold is now in a bullish flag pattern on the weekly. Price consolidation has been going on for few weeks and may continue coming trading week. 1480 has proven to be strong, however, gold may want to re-test the lower channel of the flag again in order to determine how strong it is. In any case, 1480 level seems critical to any breakout to the upside for the metal...
Shorting FX_IDC:XAUUSD till major support line at 1307. After a breakout of CTL, which has been running since 25th August we can see shorting positions coming into play. You can also see the 9 Day EMA has risen above the latest bar therefore showing bearish momentum.
Happy Shorting ;)
OVERVIEW :
Gold prices ended the session solidly higher and scored another three-month high Wednesday.
We feel that the market will more than likely trying to reach towards the $1150 level. Technically market is looking strong on chart and prices is trading above the resistance trend line in its daily chart. In 4 hourly chart, prices is sustaining above its...
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![XAUUSD: XAUUSD Weekly Outlook [12th-16th July]](https://s3.tradingview.com/a/ATQ51Kmn_mid.png "XAUUSD Weekly Outlook [12th-16th July]")
