Goldsell
Gold is now bearish and lower support is looking towards 1950
Gold bulls are fighting hard, the 1980 bulls are fighting for white, is there a V-shaped reversal
Now gold is still a bearish trend, but it is supported by the early stage, adjusted and oscillated, the pressure above is the 1985 position, under this position gold is mainly high!
The support below focuses on 1950, and the short-term market may maintain the 1950-1985 range, and the range of volatility will gradually narrow until the next change! But the idea of high altitude remains unchanged, unless the market breaks through 1985 strongly!
Specific policies
sell@1980 tp:1960
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Gold: the possibility of an extension of the declineGold closed lower in the negative line yesterday, above the test neckline resistance position 1984 but failed to break through, the end of the session under pressure to fall back to close under 1960, the daily closing in the negative K line, back to the low oscillation contention.
From a daily perspective, the negative line will be the previous day's cross small positive K-line pattern of the rebound space all back and recovered the low, the daily line still shows weakness, while yesterday stressed the 1984-86 resistance position up after the failure to effectively break through, the short term rebound is not strong enough to return to the downward trend.
Technical:
1, engulfing the negative, the price continues to return to the line of the previous lows, which means the probability of breaking the bottom is high.
2, but today there is a point, 1955-50 this position is today a very critical position, from the k-line pattern, the current h1 hourly line to form a triple bottom area. But again from the momentum to see the strength of the decline is very strong, the market sentiment of weakness has now become a fact. So this location of the interval is recommended not to do any trading, this location of the transaction is very high risk, especially in the Asian market and the European market, up or down probability of 50% each.
The point to note is: must be active in the market, and then look for k-line patterns as well as retracement of the position to trade.
Also look at yesterday's technical points:
1, the highest daily closing, T-shaped, looks very strong, but the overall trend is weak, in this trend, must take advantage of the European strength and weakness, the European market does not break high, the U.S. market down probability is very high, the skills of this method is generally have coherent learning.
2, and yesterday at the end of the European market, the front of the U.S. market time point up, then the U.S. market must be a high fall (first up, then down).
3, the watershed pre-high, the formation of a double top suppression retracement, and the establishment of the point of decline in the broken intra-day low of 1966, the law of the watershed, that is, the rise does not break the top (rise can not effectively break through the previous resistance position), the high fall back to break the bottom (after the rise began to fall, and break the previous low position), then it is necessary to take the continuation.
And the U.S. continuous decline, engulfing the negative, and closed without a reversal, then today's continuation of yesterday's decline is more likely.
But then there is a point that needs to be noted:
Often Thursday, Friday's time is prone to black swans, so at this point in time we need to be wary of the market first to a substantial decline, and then in a substantial rise, out of the V-shaped k-line pattern.
A few points to note today:
1, the upper resistance position 1966 is the current position of the lifeline.
2, the current bottom of the triple bottom is still not broken.
3, pay attention to whether today can accumulate force to fall below the 1953-1950 lows to further open the downside, from the daily and 4-hour probe high to close the low method of action, the short-term potential to break the low signs.
Then the key position today:
Resistance position: 1966-1971
Support position: 1945-1933
Gold continues its downtrend, expected to reach 1930.The US Dollar Index (DXY) which is extermly bullish this week and will reach 104.1 area.So Gold continues its TVC:GOLD downtrend to be 1930.However, the price will recover before continuing to decrease.it will reach 4H FVG(1992-2000) before dumping.
XAUUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Gold outlook for asian sessionAfter a significant down trend during Tuesdays NY session, we anticipate price to continue it's retrace back down the 1900 range.
As always, we look for price to dictate which way it wants to go before we take an entry, we do not want to predict the markets, we want the market to tell us where it's going so we can get our 10+ pips, secure at least 1% and then move on to the next trade.
Updates will be posted as usual.
GOLD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
5/11 Gold Trading Signals: Bears
Friends, have a nice day, hope everyone can make a lot of money!
In the gold 4h chart, the form is favorable for short positions, so in today's and tomorrow's transactions, try to focus on shorting at high positions, which can increase the probability of everyone's profit!
Focus on resistance 2026-2032, support near 2016, and after falling below, the target is near 2003.
I hope my suggestions can bring you some help and let you make money!
XAUUSD GOLD Sell ideaLooking at sells here, Gold has been particularly bearish as of late and it is not out of the question for Gold to continue down as it corrects the move from the highs.
Fundamentally and technically Gold needs to seek out a new low, and as always we are here to catch a portion of the move. Remember, we're not here to get the full move, we just want to be part of it and gain 1%.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD WHAT`S NEXT? SELL?Hey traders,
On friday i posted my anaysis about gold, that we hit all time high and a correction was likely to occur. As expected xauusd dropped 350 pips. When it comes to this week as well i see a further correction looking upon the chart, gold may consolidate trending upward to fill the gap then after a sharp drop to around 1988 seems reasonable to expect.
If you like my idea drop a like and comment down below. 😘
GOLD SELLWelcome . According to my analysis of gold. There is a high probability of falling today. With the price reaching an important area. Where an upward channel has been formed. Gold failed to breach this channel. Good luck everyone .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
GOLD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD H4Hello traders,
GOLD is setting up for a downside move watch GOLD according to your own trading system and look for a short position opportunity.
Currently i am waiting for price to come around white box area and from there i am looking price action for short, if price break the mentioned high then this setup will be failed.
Price can go directly down from the current area as well.
This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis.
I wish you good luck and good trading.
XAUUSD
Explain that day trader
1\First we have uptrend
2\seconed we have discending channel
3\Third retest on the trendline and resistance area
4\Fourthly area 50% finonnaci
5\Fifth raversal candle
five confirmations told us selling gold
Don't forget keep you trading simple
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Gold Analysis Converting into Bear Market 19 April 2023As i mentioned it on my videos and previous analysis that gold and face short-term price decline and can possibility hit 1910 level in up coming weeks.
Well right now price has dropped from 2004 level to 1972 level which is almost HKEX:33 and 320 pips. 1976 was a critical zone and it is broken now, which is a clear indication that market has turned into bearish market. We are short from 2008 level. If you want to go into trade wait for market to retrace to 1990 level and then you can go short from that level.