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!
As mentioned in my previous idea I published about Gold, bears are totally in control of the XAUUSD market. As it appears on the price chart, we have entire pandemic and post pandemic period covered in massive double tops. As circumstances have approached to normalcy all around the world, fears of uncontrolled inflation has triggered the response of Feds in terms...
Hello Traders! ✔XAUUSD Is Bearish and has been pushing towards the downside for the last couple days ✔Price has had an continuation for the downside to a key support level ✔RSI is in Sellers position so Seller has most control ✔Fib can test a continuation level such as 23.6% (or 61.8%) BE MINDFUL! 5568 PIP Analysis
Hello Traders, as we mentioned our target 1790 now price take a shape m pattern with broke this line with close 4h candle below it will be good confirmation to take 350pips with falling . differs scenario if a price close above 1827 again. if you like the idea, do not forget to support with a like and follow❤️
Technical: The near–term support is around $1918, violation below targets $1910/$1895/$1877/$1850/$1800. Significant reversal only below $1750.The yellow metal faces strong resistance of $1940, any breach above will take to the next level $1977/$2000/$2020. It is good to sell on rallies around $1928-30 with SL around $1950 for TP of $1850.
Today I take up puts on gold, Expiry July 2023, Strike $145 If this is anything like the last time gold topped, which is looking strikingly similar, The puts should print over time. Targets 147 142 I'll stop out with a close above 183
KOG Report: In last weeks KOG Report we suggested caution on the markets as the structure had broken and the higher KOG targets were open. We were looking for support to hold around the 1850 and below that 1835 levels for the price to propel to the upside with our first target being 1872 and above that 1888. We gave a level of 1865-70 to look for resistance in...
I think this is time for Sell Gold because it's a resistance area and i see the gold will go down to make a new LL. that's only my opinion for XAUUSD. Be Wise Good day :):):):):)
Seems Gold will break his base support on 1777.99. Gold movements build a small base around support indicates price maybe have no significant power to make a bullish movement.I predicted gold will still continuing bearish movement until reach 1760.03 - 1751.10 based on previous support & fibonacci cluster area.
Bearish outlook on Gold (a) XAUUSD , price looking to go down at least till 1845 or further before a take off which is expected on December Analysis only for education purpose
GOLD - Shark completed (.886) between the weekly high and low, this could be a high probable short as the weekly is also on a downtrend, I will be looking for reversal confirmation on LTF to swing this potentially to break the Weekly Lows. (We also have a lot of trapped liquidity and imbalance below) DXY is also bullish! Let me know your thoughts!
Gold short sell 1779 and 1782 stop loss 1788 target 1770 and 1760. down trend continue i expect 1720 strong support.
Gold Intraday trade Buy at 1776 stop loss 1770 Target 1785 and 1789. Long term tread Short sell 1790 stop loss 1806 target 1750, 1722 and 1694.
This Alternate Bearish Bat in the GOLD(XAUUSD) shown chart exemplifies the structure of the pattern. The 0.382 retracement at the midpoint (B) was the indication of an extended 1.13 XA projection as the defining harmonic resistance level 2075 of high. The extreme BC projection effectively complemented the 1.13 XA extension to define the precise area...
From the looks of it, if you were to switch to the 1 hour timeframe, you can clearly spot what appears to be a second bearish flag pattern. For anyone who is not familiar with this, it is a pattern that provides a clear indication to traders that the trend will continue to be bearish. However, please note that in order for this to work, it needs to have a flag...
The FOMC played out as expected showing us the true trend only that it accelerated it So after the correction to the 1777 area we will no start the proper journey down... So expect 1600 soon now...