GOLD (XAUUSD): Important Breakout & Bearish Scenario Explained🥇
The thing is that Gold broke and closed below a key daily structure support yesterday.
The closest strong support now is 1907.
Taking into consideration the fact that the market is bearish since the middle of July,
probabilities are high that the market will keep falling.
Next support: 1907
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Goldshort
SHORT FOR GOLD WHAT ARE YOU WAITING FORAT 04/05/2023 the price was so expensive 2068 and there was a big resistance
I used my Strategy and my system (You can ask for the strategy i use)
As you see THE BC i calculated by using Fibo retracement
AND the target with trend base fibo extension
i'm pretty sure the price will go down till 1712
Gold short-term is still shortwww.tradingview.com
Gold, the bears made another effort yesterday and broke through the previous support line 20. This action also fully demonstrated the short-term short-term downward demand. The daily line continued to close at the negative line, and the moving average system was suppressed. This is a relatively obvious short-selling signal. Then in the short term, we still need to maintain a short-term thinking to operate, and the first target below is maintained around 1905-1900. Once it reaches this range, there is likely to be a wave of small corrections. But the strength should not be strong, and the current pressure on gold is to maintain the top-to-bottom conversion position. At the same time, yesterday's anti-drawing high around 1927 can also be used as a key reference position for the day. The range of retracement should not be very large, because if the range is too large, it is likely to lose the motivation to continue to fall. In the short term, we still wait for the shorts to retrace and continue to short sell:1922-1924 TP:1910-1905
GOLD 1H 160pipOANDA:XAUUSD
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Lets see what happened and break the leg 😍
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Wish the best
XAUUSD low risk
EP1=1930
SL=1935.5
TP=1914
R/R=1,2.9
is not financial advice
XAUUSD Gold sells on lower TFLooking at further sells predominantly on the 5 minute timeframe, easy scalp for 10-20 pips with stop loss greater than the current range.
Previous trade we got stopped out at break even so this could be a second try at price making its way out of the range towards the next level.
📈XAUUSD analyis, The first day of the week📉OANDA:XAUUSD
FOREXCOM:XAUUSD
Gold analytical series, Episode 25
Hello Traders, please check out my previous ideas.
targets are on the chart.
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CrazyS✌
XAUUSD gold ready for sellhey guys...
As you can see in the picture, we see a bearish structure in gold. Because a character change has occurred and LL is formed, and after that a new LL is formed, which means the structure is broken. which is shown in the picture with the symbol CHOCH and BOS. So we have to look for the right range to sell.
The first resistance range is on the way from 1950 to 1955, but in my opinion, gold should gather liquidity behind this range. So, the main drop will not be from this area, or rather, selling in this area is high risk and it is not my choice.
In my opinion, the suitable range for sell would be 1965 to 1970, which can drop the price first to 1939 and then to the range of 1902 to 1918.
We will see support in these two ranges. Later, we will update this analysis for buy positions.
Be careful. you have to see the triggers before opening the positions.
XAUUSD Setting up for BUYS...XAUUSD Setting up for BUYS...
After breaking out and above the 2-day range zone created from stagnant markets last week with buyers and sellers all piling up orders before nonfarm payroll on Friday we then saw gold push above the range and manage to close outside it after getting a validation retest off the top side, if gold can stay above the range zone and make its way up to 1946-48 we could catch some tasty buys after a pullback to maybe the current level or at least above/on the previous range zone which we could ride up to around 1954 first and then maybe 1971 but at the 1954 level there is a high chance it could then chase the 1925 low level by the end of the week. So my first target is 1954 from there I will wait for my price action confirmations before jumping back on the sail boat.
📈XAUUSD near Nonfarm Payrolls 📉OANDA:XAUUSD
FOREXCOM:XAUUSD
Gold analytical series, Episode 24
Hello Traders, please check out my previous ideas.
targets are on the chart.
Scenario 1: If the price jumps after the release of the data, if it stabilizes in the red area, then after reaching the specified circle area, the price will enter a bearish phase.
Scenario 2: In the other case, after reaching the red zone, the price may enter a sharp bearish phase and decline until 1910-1915.
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✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
CrazyS✌
GOLD (XAUUSD) Ahead of NFP. Your Plan: 🥇
Traders, do not forget that we are expecting the NFP release today.
Depending on the figures, I see 2 potential scenarios on Gold.
Bullish Scenario
1941 - 1945 is a key horizontal resistance.
If the market breaks and closes above that, I will expect a bullish continuation
to a major falling trend line.
Bearish Scenario
1925 - 1935 is a key horizontal support that the price is approaching now.
Its bearish breakout and a daily candle close below will push the prices lower.
Next goal will be 1908.
Wait for a breakout and the follow the market.
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Gold's Reaction to Upcoming Non-Farm Payrolls Gold's Reaction to Upcoming Non-Farm Payrolls
Gold trading faced headwinds on Wednesday as the U.S. dollar strengthened despite Fitch's downgrade of the U.S. credit rating to AA+ from AAA. Investors seemed unfazed and focused on positive data from the ADP National Employment report that might possibly indicate a larger-than-expected Non-Farm Payrolls report this Friday.
The ADP National Employment report revealed private businesses in the US hired 324K workers in July 2023, surpassing market expectations of a189K. Fitch's decision to downgrade the U.S. credit rating was attributed to concerns about potential fiscal deterioration over the next three years and the debt ceiling crisis that was averted at the last minute a couple months ago.
The impact of these developments on gold prices was evident, as it retreated for the second consecutive session, currently testing at $1,935 and might be approaching a significant technical support level at $1,930. On the flip side, if gold resumes its rebound, it may encounter initial resistance around $1,942, followed by the psychologically important $1,950 mark.
XAUUSD Gold monthly breakdownDespite gold closing bullish for the month of July, Price action indicates bears are still in control and there are opportunities for swing-sells
The reason for this is due to the fact that the 1970-1990 levels were rejected in the month, showing strong resistance is still intact and we can anticipate the support created at the 1900 level to be broken for a continuation down to 1825.
Gold Short The first trade of the week starts nicely in the new york session with gold shorts - im actively executing around the blue zone and entered my short at on the 14:00 close with a stop loss of 16 pips and a target to the lows as you can see
The importance of looking where an asset is going from a HTF is important to then get wizard like developing your execution strategy
XAUUSD 1h breakdown sell ideaBased on price action and the 1h timeframe rejecting the 1960-1962 level as mentioned in the daily breakdown, I am anticipating sells. we have the 4h candle close coming up in 40 minutes so based on how that moves we can expect to react based on that. No news today so we don't need to worry about news impacting price unless it's something not on the financial calendar.
As always updates will be provided as the day goes on!
GOLD (XAUUSD): Bearish Outlook Explained 🥇
Gold perfectly respected a key horizontal resistance
and a falling trend line on a daily, forming a double top pattern.
The neckline of the pattern was broken this week and it is a very important
sign of strength of the sellers.
I think that the market may drop lower.
For entries, consider the underlined confluence zone based on
a trend line and the underlined resistance.
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Gold Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)