XAUUSD top-down analysis, UPDATED!!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.
Goldsell
Tue 11th October 2022 XAU/USD (Gold) Daily Forex Chart Sell Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XUA/USD (Gold) Sell. Enjoy the day all. Cheers. Jim
XAUUSD gold short - continued shortA followup from the trade taken earlier today, we can see price is approaching a messy range from last week, with this we are looking for price to break below this range highlighted, if we can guarantee a break and retest of this range with price action then we will be looking to continue shorting.
Congrats to those that followed the trade as it was posted earlier, sell stop was hit and then saw price continue down as anticipated.
minimal risk, close 80% of positions and enjoy that 1.5RR for the day.
XAUUSD - gold sells 1.5rr minimumlooking at potential gold sells this morning based on the close of the 30m candle - this is an important range and price action move as it returns to a previous range before last weeks move up.
keep risk small as always.
This will be taken on my prop firm account as well as personal account so I'm confident in this trade.
XAUUSD top-down analysis, UPDATED!!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.
GOLD Powerful SELL Signal View....
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GOLD: Bearish Multi-Bar Fakey SetupGOLD – SPOT: Selling On Retracement To Within The Range Of Bearish Multi-Bar Fakey Setup
Price Action: Price moved lower from the Bearish Multi-Bar Fakey Setup that had formed mid-last week (We suggested selling on a breakdown of this setup in the Sep 22nd, members' daily newsletter).
Price exploded lower from the prior Bearish Multi-Bar Fakey Setup that had triggered early last week (Price just tickled above this Setup, before collapsing back down), (We suggested selling on a breakdown of this setup in the Sep 12, weekly newsletter and hopefully, some traders got on board)
Potential Trade Idea: We are considering selling on retracement higher to within the range of the most recent Bearish Multi-Bar Fakey Setup that had triggered late last week.
Sell the break of yesterday low on Gold.Gold - Intraday, 9 pm UK time - We look to Sell a break of 1653.22 (stop at 1670.57)
The medium term bias remains bearish.
We can see no technical reason for a change of trend.
A break of yesterdays low would confirm bearish momentum.
The measured move target is 1610.00.
Our profit targets will be 1613.40 and 1600.00
Resistance: 1689.00 / 1736.00 / 1800.00
Support: 1613.00 / 1516.00 / 1370.00
Risk Disclaimer
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GOLD: Bearish Multi-Bar Fakey SetupGOLD – SPOT: Selling On Retracement Higher To Within The Range Of Bearish Multi-Bar Fakey Setup
Price Action: Price formed a small Bullish Tailed Bar Signal late last week (We are not considering trading this signal).
The exploded lower from the Bearish Multi-Bar Fakey Setup that had triggered early last week (Price just tickled above this Setup, before collapsing back down), (We suggested selling on a breakdown of this setup in the Sep 12, weekly newsletter and hopefully, some traders got on board).
Potential Trade Idea: We are considering selling on retracement higher to within the range of the most recent Bearish Multi-Bar Fakey Setup that had triggered early last week.
GOLD is preparing to break monthly support?GOLD (4H) is currently below the daily support level and has formed a bearish Doji. As the long-term trend is bearish, monthly, weekly, and daily price action is strongly bearish and the price is likely to continue to drop and we may see monthly support broken.
Upon retest of daily support as resistance and rejection, a sell trade is highly probable :)
GOLD: Bearish Multi-Bar Fakey SetupGOLD – SPOT: Selling On Breakdown Of Potential Bearish Multi-Bar Fakey Setup
Price Action: Price formed a Bearish Tailed Bar Signal late last week (We are not considering trading this signal).
Price has been forming a Potential Bearish Multi-Bar Fakey Setup since Tuesday, Sep 6th (This setup will only trigger if price breaks down below the Mother Bar).
Price moved lower from the Bearish Pin Bar Signal that had formed on Thursday, August 18th (We did not consider trading this signal, nor did we mention it at the time it formed).
Potential Trade Idea 1: We are considering selling on a breakdown of the current Potential Bearish Multi-Bar Fakey Setup.
Potential Trade Idea 2: We are considering selling on a retracement higher whilst price remains under $1765 short-term resistance level that coincides with the recent Bearish Pin Bar Signal that had formed on Wednesday, August 18th.