Gold sentiment right now is confused, but the trend is unchanged yet, DXY making new highs and gold confused not showing any type of weakness, whenever we drop, the drop will be sharp and big
Right now we have a triangle on daily timeframe to weekly timeframe which is mainly from bearish trend
Watch lower timeframes for entries
Yesterday I said that Gols is moving like a headless chicken, however, in my opinion, it will fall under 1780 important support.
After a spike above 1800, Gold has dropped like hell in yesterday's NY session and, indeed, has broken under 1780 reaching a low at 1770.
At the time of writing, Gold is spiking up again and this can be a good opportunity for bears to...
Last week was a strange week for trading Gold, with the price false breaking above local resistance, just to fall back into the range and trading for the rest of the week between support and resistance. Friday, on closing hours, Gold has fallen hard and has finished the week near the low and exactly in the bottom of the range.
However, if we look at the...
LONG intra-day opportunity, price took out sell side liquidith below equal lows and manipulated asian high turned bullish on LTF a confirmation for me to go long, kind of a risky entry.
What do you think ? Comment below..
Hey Traders, in the coming week we are monitoring XAUUSD for a selling opportunity around 1812 zone, once we will receive any bearish confirmation the trade will be executed. Remember to respect money management guys with gold. movements of gold are more severe than other forex pairs and using a wrong money management with commodities or indices in general will...
There is a Trading Signal to Sell in XAUUSD Gold
Traders can open their Sell Trades NOW
Rank : ⭐️
⬇️Sell now or Sell on 1825.8
⭕️SL: Close above 1838.06
🔵TP1 @ 1779.66
🔵TP2 @ 1759.01
🔵TP3 @ 1725.00
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In my weekend analysis, I've spoken both of Gold and Silver and said that although Gold is still bullish and Silver looks very bearish, I tend to "believe" Silver in this situation and that also Gold will follow.
At this moment, looking on 15m chart, we can clearly see that the range is broken to the downside and the price could drop to at least 1830.
Hey traders, today we are monitoring XAUUSD for a selling opportunity around 1792, Once we will receive any bearish confirmation the trade will be executed!
Use proper risk management especially with gold, because gold movements are very fast and it's easy for gold to marginate your account.
Trade safe, Joe.
Gold has been trading inside the given Channel since July 2020. a few days ago the price bounced back up after testing a strong Support zone , after which it reversed as it approached another strong resistance line of the Channel. Last day's movement has confirmed that Gold is seeking further downside movement . With the Momentum still intact , my Final Target...
It’s a long term technical analysis for long time investment.In this analysis , I use weekly timeframe and some technical tools like fibonacci retreament, moving average and pivot points.
In the chart,I see a very strong trend on short.The first strong support is at 1635.If the first support break the price will support at 1450 area..
It has been a while :)
Here is a short idea for Gold, FOMC news today so I am expecting this to trade the daily range
Be safe with risk, however I can see a good trade here.
Feel free to leave comments/likes as it helps me know what you guys like/don't like so I can put out ideas based on that!
In my weekend analysis I said that if Gold is dropping to 1830, this support will not hold for the simple reason that everyone wants to buy there. And, indeed, Gold dropped hard yesterday and 1830 was passed very easily.
Yesterday's low was close to 1800 important figure and now XauUsd is rebounding and correcting yesterday's move.
I believe that we will have a...