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Goldsell

Gold’s rebound is a good opportunity to go shortAfter overnight short orders hit TP: 2343 this morning, gold has been fluctuating within the 2340-2345 area. Judging from the current gold trend, the downward trend of gold has slowed down, and it has rebounded again in the short term and exceeded the 2340-2345 area. But the weak situation has not changed.There are two voices in the current market. One is that gold has stopped falling and stabilized in the short term, and may continue to rebound, and may even hit 2400 again. The other voice is that gold’s rebound is weak and there is still room for decline.It may continue to fall to around 2300 after consolidation. In fact, relatively speaking, I think gold cannot be characterized as a market reversal for the time being, but only a short-term rebound after the market crash. As evidenced by the fact that gold fell again after touching around 2357 today.Judging from the current trend, gold currently tends to fluctuate, but as far as the restorative market is concerned, the repair intensity is still lacking, so it is still not ruled out that gold will continue to fall after the shock;In addition, from the perspective of the U.S. dollar index, the U.S. dollar index has fallen significantly, while the short-term rebound of gold is far less than the decline of the U.S. dollar index, so the overall gold appears to be weaker. And as gold falls back to the 2340 area again, the upper pressure is stronger, so I expect gold’s short-term rebound to be limited. So in terms of trading, I still tend to short gold after gold rebounds. The first thing to focus on is the 2360-2370 resistance area, especially the 2365 position area, which is a strong defensive area for short sellers. Below, we are still focusing on the 2335-2330 support area for the time being. This area is the starting point of the two rebounds and has a strong short-term support effect. However, any time this area is broken, it will be conducive to the outbreak of shorts!
OANDA:XAUUSDShort
by alongwineer
1
Gold (XAU/USD) ForecastThe provided chart is a daily candlestick chart for Gold Spot (XAU/USD) on OANDA. Here’s a detailed analysis and summary of the chart: Timeframe and Data: - Timeframe: Daily (1D) - Data Range: From early March 2024 to late May 2024 Price Analysis: - Current Price: $2,355.55 - Price Movement: The price has shown an overall uptrend from March to mid-May 2024, followed by a consolidation and potential bearish reversal. Technical Patterns and Indicators: - Divergence Pattern: - The chart indicates a divergence pattern, where the price has been making higher highs, but the volume has been decreasing. This divergence between price and volume suggests a weakening uptrend and potential bearish reversal. - Resistance and Support Levels: - Resistance Levels: - A major resistance zone is marked around $2,397.52. - The area just below the recent highs, approximately $2,350.00 to $2,370.00, is acting as an immediate resistance. - Support Levels: - Immediate support is marked around $2,300.00 to $2,320.00, which coincides with a previous consolidation area. - The next significant support level is indicated at $2,283.39. - Trendlines: - An upward-sloping trendline can be seen connecting the higher lows from mid-March to mid-May 2024, suggesting an uptrend. However, the recent price action is testing this trendline. - Another dotted trendline at the bottom highlights decreasing volume over time, reinforcing the divergence pattern. - Sell Trigger and Target: - A sell signal is suggested by the divergence pattern, indicating that gold may fall this week. - Target Price: The sell target (TP) is marked at $2,280.00, suggesting a bearish move towards this level after breaking the immediate support. Key Levels: - Resistance Levels: - Major resistance at around $2,397.52. - Immediate resistance at approximately $2,350.00 to $2,370.00. - Support Levels: - Immediate support at around $2,300.00 to $2,320.00. - Further support at the significant level of $2,283.39. Trade Setup: - Bearish Scenario: The divergence pattern suggests a potential bearish scenario. If the price breaks below the immediate support level of $2,300.00, a move towards the sell target at $2,280.00 is likely. The weakening volume adds to the bearish sentiment. - Bullish Scenario: For a bullish outlook, the price needs to break and sustain above the resistance zone around $2,370.00 to $2,397.52. This could invalidate the divergence pattern and suggest further upside potential. Conclusion: The chart for Gold Spot (XAU/USD) indicates a potential bearish scenario with the formation of a divergence pattern, where higher prices are met with lower volumes. A break below the immediate support level of $2,300.00 could trigger a move towards the sell target at $2,280.00. Traders should look for confirmed breakouts from key levels to make informed trading decisions. The resistance zone around $2,350.00 to $2,397.52 and the support levels at $2,300.00 and $2,283.39 are crucial levels to watch.
OANDA:XAUUSDShort
by The90sTraderOfficial
GOLD SELL | Idea Trading AnalysisGOLD is moving in an ascending channel, move to the resistance level and We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
TVC:GOLDShort
by TheGrove
1
XAUUSD Forecast - Short Term SellThe chart shows the 4-hour candlestick pattern for Gold Spot (XAUUSD) against the US Dollar on the OANDA platform, with the current price at approximately $2340.26. Key Observations: 1. Current Price and Recent Movement: - The current price is $2340.26. - The recent price action shows a decline of 1.16%, indicating a short-term bearish trend. 2. Trendline and Support Levels: - There is a clear ascending trendline that has been acting as support since early April. - The price has recently broken below this ascending trendline, suggesting potential further downside. 3. Support and Resistance Levels: - Immediate Resistance: Around $2397.515, where the price has previously encountered resistance. - Immediate Support: At approximately $2279.895, a previous low and potential support level. 4. Possible Scenarios: - Bullish Scenario: - If the price manages to hold above the immediate support at $2279.895 and breaks back above the ascending trendline, it could retest the resistance at $2397.515. - Bearish Scenario: - If the price continues to fall and breaches the support at $2279.895, it could see further declines. 5. Volume and Market Sentiment: - The recent drop below the trendline with a significant decline suggests a bearish sentiment in the market. - Monitoring volume and any potential reversal patterns around support levels will be crucial for determining future price movements. Summary: The 4-hour chart for XAUUSD shows that gold is currently experiencing a bearish trend, having recently broken below a significant ascending trendline. The price is facing immediate resistance at $2397.515 and has support at $2279.895. The breach of the trendline suggests potential further downside unless the price can reclaim this trendline and move higher, targeting the resistance. Traders should watch for a possible rebound at the support level or a continuation of the bearish trend if support fails to hold.
OANDA:XAUUSDShort
by The90sTraderOfficial
The decline is just the beginning, continue to short gold!Gold today maintained a volatile trend overall, and began to rebound with 2325 as support. It is currently trading near 2340. So after the sharp decline, has gold stabilized and rebounded? Actually, I don’t think so. I said yesterday that since gold has not rebounded in retaliation after falling by $100, gold will only absorb the plunge in a volatile manner. Gold is currently performing very weakly during the rebound and cannot even break through the 2345 position. In addition, 2350 is the position where the decline accelerated after falling below the level yesterday. If gold cannot recover for a long time, there is still room for gold to continue to fall. The current rebound of gold is not particularly strong. Gold may build a relay platform near the 2340 position, so I think the gold downward trend is far from over. After the end of the shock, gold will continue to fall, targeting 2300 or even the 2280 position area. Gold is currently facing short-term resistance in the 2345-2350 area. In the next transactions, I will still focus on shorting gold, and then watch a new round of downward trend break out. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
Gold price falls - sideway adjustment⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) trades lower on Wednesday after pulling back from a recent high. The Federal Reserve (Fed) has expressed the need for stronger evidence of easing inflation before considering interest rate cuts, implying that rates will likely remain higher for an extended period. This could potentially strengthen the US dollar and weigh down gold prices, although factors like US-China trade tensions, geopolitical tensions in the Middle East, and demand from central banks and Asian buyers may limit the metal's downside. Today, gold traders will focus on the release of FOMC Minutes and a speech by Fed's Goolsbee. ⭐️ Personal comments NOVA: Gold price adjusted down within the H1 trend line, sideway accumulation ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2407 - $2409 SL $2404 scalping TP1: $2413 TP2: $2418 TP3: $2425 🔥BUY GOLD zone: $2399 - $2397 SL $2392 TP1: $2405 TP2: $2415 TP3: $2430 🔥SELL GOLD zone: $2440 - $2442 SL $2447 TP1: $2430 TP2: $2425 TP3: $2417 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
6
Profited $14K, short gold, and aiming at 2395-2390Today we have made very good profits in both long and short gold transactions. First of all, we went long gold near the 2412 position today. Gold successfully hit TP: 2423 during the short-term rebound;When gold hit resistance near the 2434 position, we then shorted gold near the 2432 position and once again successfully hit TP: 2420. In today's transaction, I made a total profit of more than $14K.We achieved better profits than yesterday and also continued our 16-game winning streak! Gold has been on a roller coaster ride in recent days, with no continuation of the ups and downs. So it brings a certain degree of difficulty to our transactions. As far as the short term is concerned, I feel that without the stimulation of major good news, it will be difficult for gold to refresh the high of 2450 again, so 2450 is definitely the peak in the short term! In comparison, gold is currently in a relatively weak position. After all, gold has never been able to touch above 2440 during its recent rebound. Today it has not even been able to break through the 2430-2435 area, so the upward momentum has weakened.Relatively speaking, the short sellers are also slightly better. Therefore, in terms of short-term trading, the top will first focus on the 2435-2440 resistance area. When gold rebounds to this resistance area and the upward momentum weakens, you can consider shorting gold. If gold falls below 2406, gold will completely open up the space below and fall further. Trading requires courage and even more decisiveness. Execution is the only criterion for profitability.I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
GOLD → Trade Analysis | SELL SetupI have two options here; bullish continuation from here or bearish break.. more chances on continuation! Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
TVC:GOLDShort
by TheGrove
1
Gold Tuesday Trading Analysis #XAUUSD 2024.5.14 Today's opening price of gold is below the pivot and POC so the direction is BEARISH. We have 2 virgin POC at 2366 and 2309/2312 so I guess gold will scan these 2 key levels. If you can wait, wait for scalping at the above 2 keys or wait according to the pivot plan for beautiful reversal signals to reach the sell target at 2309/2312. Entry Sell: 2353 - 2366 - 2368 Target: 2218 - 2212 - 2209 Note: - If there is no signal, do not trade - Stoploss 3 times/day then you should rest
FX:XAUUSDShort
by Analyst_Gold
GOLD Shorts (from 2390 back down towards 2320) My gold analysis suggests potential selling opportunities either from the current price level or at 2390. This decision is influenced by the fact that price has now entered a strong 8-hour supply zone, which is at a premium level. Additionally, despite the bullish momentum observed in price recently, there has been a noticeable slowdown in momentum on lower time frames, particularly noticeable on Friday. I'll be particularly attentive to a liquidity sweep around the 2390 level, where the Asian high resides. Once this liquidity is absorbed, I'll be actively seeking favourable selling positions aiming towards the next demand zone. This approach aligns with my broader view of the gold market, which is currently bullish. Confluences for GOLD sells are as follows: - Price has slowed down after an impulsive move last week indicating a correction. - Price is inside an 8hr supply zone and wyckoff distribution is playing out. - Imbalance and liquidity below that needs to get mitigated. - Demand zone on the 19hr around 2320, looking interesting for the next rally. P.S. Should gold break through this entire supply zone and access the liquidity above next week, I'll adopt a strongly bullish stance. My focus will primarily be on identifying nearby demand zones to initiate buy positions. Have a great trading week guys!
OANDA:XAUUSDShort
by Hassan_fx
Gold heads below $2,300 ! XAU ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Global gold demand growth is driven by increased over-the-counter market investment, continuous central bank purchasing, and heightened demand from Asian markets, especially China and India. This growth is reinforced by geopolitical tensions in the Middle East, leading to a preference for safe-haven assets like gold. Gold traders are anticipating fresh catalysts such as the US weekly Initial Jobless Claims due on Thursday and a speech by San Francisco Fed President Mary Daly. Dovish comments from Fed officials could stabilize gold prices for now. ⭐️ Personal comments NOVA: Gold price still moves in 2 trend lines, wide amplitude. There is still confidence that the Gold price needs to return to the entry area below $2,300. Long-term BUY in the H4 frame. The time for the FED to lower interest rates is getting closer and closer ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2270 - $2268 SL $2263 TP1: $2278 TP2: $2284 TP3: $2292 🔥SELL GOLD zone: $2349 - $2351 SL $2356 TP1: $2340 TP2: $2330 TP3: $2320 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
2
XAUUSD Forecast This chart depicts the price movement of Gold Spot in relation to the U.S. Dollar over a period of time, likely on a one-hour timeframe based on the label. Here's a summary of the chart analysis: The chart shows a pattern resembling a rising wedge formation, characterized by converging trend lines sloping upwards. Within this pattern, there's a series of higher highs and higher lows, indicating an overall bullish trend. However, towards the right end of the chart, there's a suggestion that the price might break below the lower trend line of the wedge, potentially indicating a reversal of the previous bullish trend. The annotation on the chart suggests a potential projection of the price movement, anticipating a decline following a possible breakout below the wedge pattern. This projection is speculative and depends on various factors such as market sentiment, economic events, and geopolitical developments.
OANDA:XAUUSDShort
by The90sTraderOfficial
2
Gold is forming a correction rhythm ! Increase⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price fell slightly on Tuesday in the North American session due to a weaker-than-expected S&P Global Purchasing Managers Index (PMI) report. Despite the Greenback's weakness, buyers were unable to take advantage, while US Treasury yields declined. XAU/USD traded at $2,323, down 0.11%. The US 10-year Treasury yield remained steady at 4.402%, while US real yields, which have an inverse relationship with gold prices, dropped 0.41% to 2.192%, benefiting the precious metal. ⭐️ Personal comments NOVA: Gold prices are showing a downward adjustment after a strong price increase in early April. They will continue to decrease after military tensions show signs of cooling down. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2283 - $2285 SL $2278 TP1: $2295 TP2: $2302 TP3: $2310 🔥SELL GOLD zone: $2347 - $2350 SL $2355 TP1: $2335 TP2: $2320 TP3: $2300 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
1
XAUUSD: Target 2305-2283 Gold is so crazy today, it has not seen such violent fluctuations in a long time. Due to the sudden war news, it quickly broke through 2400. After reaching around 2430, it started a plummeting mode, with a drop of nearly $100. Maybe it's a coincidence, but we can't rule out that this is controlled by funds. Bulls are creating shipping opportunities. Otherwise, if the market were to run on its own, there would hardly be such a big fluctuation. I have clearly reminded everyone of this yesterday. You must pay attention when going long, especially chasing long positions at high levels, because once large funds are shipped, it will be a terrifying unilateral plummeting trend. Everyone has seen it today. The market is so ruthless. Currently, after experiencing a sharp decline, it needs a buffer, so if no bad news comes out over the weekend, then the rebound repair phase should be next, Focus on the 2350-2378 range. Before it returns to 2280, the trading direction is still mainly high selling.
FOREXCOM:XAUUSDShort
by Allen_Ex
XAUUSD:Here comes the big short opportunity Gold has risen again when the support is effective. Trading after a sharp rise like this is very simple. You can't go wrong by going short, because after a sharp rise, the indicators need to be repaired. So if you want to trade, just go short and just pay attention to the support levels. At present, the support is first around 2374, then around 2366, and then the 2362-2354 range. The current gold situation has gone against the entire economic environment. It is possible that the main funds are taking the opportunity to boost shipments. Therefore, friends who are chasing bulls at high levels must pay more attention, do not be too greedy, and do a good job in risk management. Because once they complete their goal, it is very difficult to return to this position again. Instead, a violent unilateral trend will occur when it falls.
FOREXCOM:XAUUSDShort
by Allen_Ex
1