Hello Traders! I'm looking for a short trade on GOLD. I see the price in a key resistance level where I expect a bearish momentum until the PWL. In case of confirmation, i will execute this trade. Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you enjoy this idea! Also, share your ideas and charts in the comments section below! This is the best way to keep...
Spot Gold remains confined to a tight intraday range on Wednesday, hovering around the $2,155 mark. The US Dollar advanced throughout the first half of the day but reversed gains with Wall Street’s opening as investors await the United States (US) Federal Reserve (Fed) monetary policy decision. The central bank is widely anticipated to keep rates on hold, with...
Gold is making LH and LL in 15M TF, so as per dow theory it will fall further to TP1 level than TP2
Yesterday I had said that Gold's upward retracement is over. Price indeed fell to the 2153 level to form EQUAL LOWS. The lows must be broken. This is a heavy sign that Gold will be falling hard in the coming weeks/months. I'm bearish!
Gold has been retracing. This retracement to the 2177 area has come to an end. A massive fall is now playing out. I expect price to fall below 2153 (EQ LOWS) and continue to plummet. --------------------------------- Patience is key!
This week's outlook on gold is intriguing given its recent high volatility and activity, reaching all-time highs. With liquidity now absorbed to the upside, I anticipate a shift in price direction towards the downside. This could signify the exhaustion of bullish momentum and the formation of a Wyckoff distribution pattern. In response, I'll be observing for a...
My outlook for gold this week leans bearish, and I'm on the lookout for nearby shorting opportunities to drive the price towards the daily demand zone. Presently, I'm eyeing a clear 5-hour supply zone as a potential selling point. I'll be patient, waiting for a Wyckoff distribution pattern to unfold within this area before considering entry for my sell...
Xau has created a mitigation zone at the 2040's, a new weekly candle formed as its the beginning of a new week ( its an initial bearish movement on the liquidity sweep below) till the 1990's and then we go bullish BOOST 🚀, COMMENT 📑 and FOLLOW 🏷 for more helpful analysis 👍 ....
This week's perspective on gold is quite interesting, considering the recent break to the downside. The current retracement, triggered by a reaction from an imbalance, has my attention focused on the 22-hour supply zone. This particular zone played a significant role in causing the downward break. Given that price has cleared liquidity from its all-time highs,...
My Gold forecast for this week anticipates a temporary bearish move to clear the liquidity below. With the bullish pressure fading and a shift in character to the downside, there are indications of a brief bearish phase. Given the substantial liquidity below, I expect a descent towards 2032, where a 19hr demand zone is located. Currently, my strategy involves...
Important financial data: PPI will be announced this morning (8:30 AM New York time), EIA U.S. crude oil inventory data (10:30 AM New York time), and at 2 PM the major U.S. Federal Reserve interest rate decision will be released, with a 99% probability that the rate hike will be paused. Fundamentals: • The Biden administration is preparing to provide depleted...
Gold-making triangle which probably gives the breakout of downside. Sell at 2040 TP 2026 SL 2050
Gold bear mode to reach the support level 1785 i was think the price moving up but now the pressure in price is show to drop a little more
GOLD following the downtrend, no it is supposed to be the LH SELL AT 1813 TP 1804 SL 1816
General Commentary: on 21 Oct 2022 gold rose more than 3% to our OB again #1,663.27 - #1,672.42 which we have set our sell order after the price action triggered from #1,670.00 towards #1,657 on a satisfactory #13 point profit run, the market has created more OB at #1,670.09 - #1,665.25 which the Change of Structure has appeared, we have opened our sell order at...
Plan A Sell stop: 1658.00 SL: 1670 TP1: 1648 TP2: 1640 TP3: 1620 Bearish - Current price is 1660, weekly high pressure - Mostly news are coming bad for gold - Gold is bearish, according to the daily chart. - Monthly candle is overall bearish and can slip further down. Gold's bearish trend is strong and gold is near HL. entry at 1658 can be traced till new LL...
Keep you eyes on gold this weekend, as you can see the xauusd has been under a trend line since the 9th of march on bullish movement. The 4th of august, the market broke the trend line, and started a "probably pullback" on the trend line. SO NOW WHAT CAN WE WAIT FOR? There is two probabilties, the market may break down that trend line again and go all the way down...
Gold Futures is looking bearish for the rest of today and tomorrow. It is possible we see a bounce up at 1682 but it is unlikely. This is not financial advice. Remember to DYOR!