Xaushort
H1 LEVELS AND UPDATE ON GOLD TARGETSPrice has crossed below 1845 and EMA5 confirmation with candle close. We have a clean run to 1825 benchmark which is now open for the short term. Long term we are targeting buys therefore will not be adding to any positions until the 1825 mark is cleared. This is the time where we sit patiently and wait.
We will look for the 1846 level to be retested and broken with a Goldturn to resume the Bull targets above and our overall direction. We will of-course update any changes, as we continue to analyze and update our moves.
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GoldView
GoldView update and open TARGETSPrice has broken outside the trendline which opens 1806, 1818, 1830 but resisting on a EMA5 strong turn resistance. If we do not get confirmations via our Goldview setups then it is likely to break back into the channel and target 1787, 1777, 1767 and then 1748, as these setups have already had some activation. We will keep you posted on how we manage this range.
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GoldView
Technical analysis update: XAUUSD (19th May 2021)Our previous price target of 1875 USD was reached. Because of that we would like to update our thoughts on next price action for gold. Gold climbed up approximately 12% in last 72 days. We think gold reached its temporary top as we think its currently overvalued and ready for correction. Temporary bearish case is supported by price being too far away from its 20-day SMA and by temporary peak in RSI. However, we expect bullish trend of higher degree to remain intact. Currently, we do not dare to give you any price target for gold as we deem it hard to estimate extent of correction.
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
XAUUSD going short this week!OANDA:XAUUSD
Price has tapped into a higher tf order block and created a wyckoff schematic. XAUUSD will most likely move up to test the next order block as marked, creating the LPSY (last point of supply) before moving lower. This will just be a short term sell as XAUUSD still looks very bullish on higher tfs. Would love to hear your ideas!
XAUUSD Forecasts!!! WOW!!Gold is looking very Nice!! POR POI area has been hit for me. Gold has been making lower lows and lower highs. The probability the monthly and Daily imb above @
$1770 - $1815 getting filled is highly likely. I will look for short term trade to this area. Remember this is the daily chart. This will happen over the next couple days or weeks. I think PA we could see up movement and I will wait for my key Areas to get hit on the lower times. I will then wait to see how PA react to those specific areas before entering short. If I see a nice continuation pattern around the Asian ranges for long I will enter that too the $1780 above. There is some IMB around the $1900 level which could be a nice long term trade. Follow us for more updates EQ
XAU A lot of confluence here on the bottom trend line of my leading diagonal & the bottom trend line from the March 2020 lows, so much bearish sentiment in XAU currently & also $DXY seem about done with the push. On top of all that yields seem ready to drop, we could have a nice set up for XAU to at least retest the ATH's & breaking that opens the door for $2400.
Miners seem all about done & also they r so bloody wrecked that if I had extra $$$$ I would load up on those gold miner stocks IMO. Anyway just my thoughts guy always DYOR. Good Luck!
Potential XAUUSD Short IDEAI see a fair value gap sitting above the 1 hour OB , so here are the two potential outcomes that i see happening...
1. Market may go and tap the order block and then seek to sweep SSL below those lows or
2. it may go up to the order block, retrace a little, go to fill the Fair Value Gap, then go to purge sell side liquidity below the lows.






















