Gold M30 Sell Trade is Ready!Setup:
Current Price: 2754
Target Price: 2744 (100 pips)
Stop Loss: 2760
In the technical analysis, XAU/USD is currently facing strong resistance at 2754, where the price has struggled to break through in previous attempts. The Relative Strength Index (RSI) indicates overbought conditions, suggesting a potential reversal. Recent bearish candlestick patterns further support the idea of a downward move. A confirmed break below the support level at 2750 could trigger selling pressure, pushing the price down toward the target of 2744.
From an institutional perspective, there is notable selling volume around the 2754 mark, indicating that larger market players are actively positioning for a decline. The Commitment of Traders (COT) report shows that large speculators are holding net short positions, reinforcing the bearish sentiment. Additionally, liquidity sweeps at this level suggest that institutional traders are anticipating a downward move, making this a compelling opportunity to enter a short position.
Goldsell
Perfectly achieved goal 2757The market is crazy.
After buying gold at 2741 price. Had a good nap. Hit the target directly.
I think there is nothing more pleasant than this. Is it because yesterday's market fluctuations were too stable, so today I was given a small surprise in advance?
I believe many people have seen the quick trading strategy I posted and bought it. That is worth toasting.
This is the fast trading strategy.It is a beacon on the road.It guides you in the direction and allows you to see the road clearly in the dark night.
OANDA:XAUUSD COMEX:GC1! CAPITALCOM:GOLD BITSTAMP:BTCUSD COMEX_MINI:MGC1!
Gold short-term day trading plan.From the trend point of view. Compared with long and short positions, the bulls are still slightly stronger. So the operation is still mainly based on low buying.
The intraday trend maintains high fluctuations. The amplitude is about 15 US dollars. But it finally returned to the high level in the New York market, which is enough to prove the strength of the bulls.
At present, the gold price is maintained at the 2741 line. The analyst of the fast trading team said that in the short term, it can be maintained at a low buy below the price of 2735. Whether the pressure of the upper 2760 line can be broken. If it breaks through, continue to go long. If the pressure is very high. Then short selling at high levels can be maintained in the short term. Short selling at a high level. (This view is for reference only) Specific transactions are mainly based on real-time notifications.
There was no loss in trading failures on Monday. Others look at the record by the winning rate. I only measure the record by the losing record.
The fast trading strategy is tailored for: novices. Trading losses, those who want to expand profits but do not expand profits, and those who are unclear about the direction and do not know how to analyze the market. If you are also. Then you can try to change your trading style with fast trading strategies and get rid of those hateful labels. OANDA:XAUUSD CAPITALCOM:GOLD BITSTAMP:BTCUSD NYMEX:MCL1! BINANCE:BTCUSDT
10.29 Gold Short-term Professional Operation AnalysisLast Friday, the gold price generally showed an upward trend. The highest price rose to 2747.56 on the day, and the lowest price fell to 2716.9, closing at 2746.25. Looking back at the details of the gold market performance last Friday, the price was suppressed by the four-hour resistance position during the early trading, and then it was under pressure to go down as expected, and then it stopped going up again after falling in the European session, and the US session rose strongly again, and finally ended with a big positive state on the daily line. At present, gold is still above the daily support of 2692, so it is still more band-oriented for the time being. At the same time, the price in the four-hour period continued to fluctuate in the range of 2710-2758.5, with the middle position in the 2730 area, so the price in the range focuses on selling high and buying low. Considering the overall bullish trend, the focus is on the subsequent upward trend in the range, and the price will continue after breaking the range.
Intraday operation:
Gold 2719-20 range is more, defending 10 US dollars, target 2730-2750
XAU ! 10/28 ! sideway move in trendlineXAU / USD trend forecast October 28, 2024
Gold price (XAU/USD) starts the new week with a slight bearish gap, unable to sustain Friday’s gains near $2,750. Persistent USD strength, supported by rising US Treasury yields and expectations of smaller Fed rate cuts, puts pressure on the metal. A positive risk sentiment also adds to the downward pull.
However, safe-haven demand from Middle East tensions and US election uncertainty limits further downside for gold. Traders may remain cautious and hold off on strong bearish positions ahead of key US data this week, including Q3 GDP, the PCE Price Index, and the Nonfarm Payrolls report.
On Monday, gold price moved sideways within 2 trendlines, waiting for NF news fluctuations this week.
/// SELL XAU : zone 2743-2746
SL: 2751
TP: 50 - 200 - 300 pips (2716)
Safe and profitable trading
10.28 Gold fluctuates and moves upwardAs the safe-haven demand caused by the ongoing tensions in the Middle East pushed up the price of gold, coupled with the Federal Reserve's 50 basis point rate cut, the price of non-yielding gold has risen by more than 32% so far this year. The uncertainty of the US election has also stimulated the safe-haven demand for gold, as opinion polls show that the presidential election competition is still fierce. Despite the rise in the US dollar, the price of gold still rose. At the same time, the price of gold rebounded from the profit-taking trend last Friday and then rose slightly.
The high sideways trading of the daily line, the two consecutive positive rises of the weekly line and the upward support of the trend indicator MA moving average, so the overall trend is still bullish. In the European session last Friday, the bottom rebounded and the highest test was 2747.70. This morning, the price of gold continued to pull back and opened, increasing the intraday volatility. Combined with the strength of the recent retracement, it is difficult to have the momentum of a continuous and sharp decline. The intraday will continue to fluctuate.
1. There is only one negative line correction in the high consolidation process. This is also the reason why the gold price will not retrace for too long in the recent rising market, and the retracement strength is not strong and it is also consolidating near the high point, so it is expected to continue to rise and test the previous high point of 2758.40.
2. In the bull trend, the low point of the retracement last Friday was 2717, and the position of the previous retracement was supported many times at 2714, forming a double bottom pullback, so the lower low is moving up, and the upper high point of last Thursday was 2743. It closed at 2747 in the early morning of Saturday, breaking through the high point of the pullback after the decline last week. Although there was a negative line retracement this morning, it was more in the form of correction.
3. From the perspective of the overall correction strength, the space for gold price to retrace from 2605 to now is only between the golden section line of 382 and 236, and the correction space is very limited; in addition, although there are repetitiveness recently, it is still rising during the high-level consolidation process, the correction time is shortening, and the momentum to continue to test the new high is increasing.
Intraday thinking plan:
BUY:2715 SELL:2740
2731-2725 Short Sell,SELL XAUUSD
Overnight gold prices continued their bearish trend again, and the fast trading strategy members made another good profit.
Trading is like this, buy in a bullish trend and sell in a bearish trend, so as to earn the difference and make a profit.
Don't miss the deal in hesitation. I said this a month ago. Now is the best time to trade the market. Trading is a place to experience risk, passion, and thus expand profits. Whether you are a novice or an old hand, you will have different gains.
This week, most members of the fast trading strategy have achieved a profit of more than 168%. A few are less than 80% due to the time of joining the group. In addition to accurate market analysis and strict guidance, all members have achieved different levels of profit.
This is the result I want to see. This is also my original intention.
Today is the last trading day of the week. The market may not be particularly volatile, but there are still opportunities to expand profits and recover losses. If this is you, don't hesitate. The strategy of the Fast Strategy Group is definitely suitable for you. Whether you are a novice or an old hand.
Supplement. Today's trading market is mainly short at a high level. The trading strategy notified in real time by the fast team is the main one.
Did you follow the low position to buy yesterday?
If you didn't follow. It's a pity, you just missed the profit of more than 20 points.
After the big drop yesterday, it rebounded overnight. And I just announced the fast trading strategy. The market development trend is consistent with my fast trading strategy, and the target is 2725-2740. The obvious pressure is 2735-2740. At present, the increase in the Asian market and the London market is almost the same. There is a big upward pressure in the short term, so we will not buy. Selling is the main thing.
A head and shoulders posture is also formed above. Whether you have large funds or small funds, you can make money by selling gold prices.
The 2735-2740 range is mainly short-selling.
tp2724-2714, you can close it at any time when the profit reaches your expectations.
OANDA:XAUUSD BITSTAMP:BTCUSD CAPITALCOM:GOLD
GOLD with two probabilities for 10/28/2024GOLD with a high probability to make the decision for 10/28/2024 ✅️ :
🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss.
🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
10.27 Weekend Summary: Gold Wins BigIn last week's gold profit plan, the brothers of the team showed their professional strength. They perfectly predicted the trend of gold in every gold transaction, which made the profit plan for members perfectly completed last week. The total profit was 55K+ USD. Thanks again to the brothers of the team for their efforts and the trust of the members. Finally, I wish you all a happy weekend.
Xauusd sell confirm signal weekly chart Gold stays in a consolidation phase and fluctuates in a relatively tight range below $2,750 on Friday. US Treasury bond yields stabilize in the American session, making it difficult for XAU/USD to gather directional momentum.
From a technical perspective, the recent price action over the past week or so constitutes the formation of a bearish head and shoulders pattern on short-term charts. The neckline support of the said pattern is pegged near the $2,705 region, which should now act as an immediate strong support. Some follow-through selling, leading to a subsequent fall below the $2,700 mark, should pave the way for deeper losses and drag the Gold price further towards the $2,675 support. The downfall could extend further towards the bearish pattern target near the $2,660 area.
Gold now sell 2747
Support 2715
Support 1701
Resistance 2757
Short gold bravelyBros, I have been optimistic about shorting gold in the past two days. Today, I shorted gold near 2730 and closed the order at 2720, making a profit of 100 pips, which is relatively a good profit.
At present, gold has rebounded to around 2730 again, but judging from the strength of the rebound, it is expected that the rebound space of gold will be relatively limited, and the short-term resistance is in the 2730-2735 area. So for short-term trading, I am still optimistic about shorting gold. I think gold will at least try to test the 2705-2700 area.
Bros, fuck the bull market, let's sell gold happily together!
10.25 gold Asian market analysis ideas! !! !!Yesterday, gold began to fluctuate and rise in the early trading, and continued to rise in the European trading, reaching a high of around 2743 in the US trading. Then the market was blocked and fell. After dropping to around 2722, it rebounded to above 2730 in the late trading and fluctuated. The daily line closed with a positive line, and gold once again stood firm at the 2730 line.
On the daily line, there was a single negative decline correction on Wednesday, and a volatile rise on Thursday. There was still some resistance to falling in the short term. At the opening of today, the gold price was above the moving average. In the short term, we will first pay attention to the 5-day moving average, which is currently located near 2730. As long as it stands firmly at 2730 today, gold will definitely continue to rise.
First pay attention to the resistance near yesterday's high point of 2743, and then pay attention to the resistance near the current high point of 2758. If it continues to break through the high, we need to pay attention to the 2768 pressure level. 2768 is the current resistance position after the extension of the high point line of July 17 and September 26. In terms of intraday operations, it is still mainly low-long.
In terms of geopolitical situation, US Secretary of State Blinken said on Thursday that the United States does not want Israel to carry out protracted military operations in Lebanon. At present, all parties are working hard to hold new negotiations on the ceasefire and hostage agreement in Gaza.
In terms of economic data, the number of initial jobless claims in the United States last week released on Thursday unexpectedly fell, but the number of continued jobless claims in mid-October rose to a nearly three-year high, suggesting that it is becoming increasingly difficult for the unemployed to find new jobs.
The influence of various aspects has also further promoted the upward trend of gold. Although gold fell back on Wednesday, it still rose sharply the next day. The price is expected to break a new high again, and it is far from the target level at present.
Support level: 15 Resistance level: 35————45
GOLD - Risky short !!Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: Here we have a pattern, we have regular divergence and price broke structure, then retraces to fill the imbalance, now I expect bearish price action.
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Sell gold again in the 2740-2750 areaBros, yesterday, gold retreated and once fell below 2710, laying a good foundation for the decline. Although gold has rebounded to around 2740 again, compared with the previous period, the attitude of gold rising is not firm, so relatively speaking, the current gold short position is more attractive.
The current rebound of gold may be a trap set to trap more bulls, so I am definitely not willing to go long on gold at present; from the technical structure, gold has signs of building a head and shoulders top in the short term. So in terms of short-term trading, I prefer to short gold. So now we can short gold in batches again in the 2740-2750 area.
Bros, are you optimistic about shorting gold?
10.24 Can gold reach a high level?On Thursday (October 24), gold prices partially recovered, continuing the previous upward momentum. After a brief correction on Wednesday, spot gold once again broke through the $2736-2737/ounce area, and then narrowed its gains to 0.66%. It is currently trading around $2733, up about $18/ounce on the day. Thanks to the weakening of the US dollar and the decline in US bond yields. In addition, the uncertainty in the Middle East and US politics has also increased the market's demand for safe-haven assets, further boosting the attractiveness of gold.
From a technical perspective, there is a certain downward pressure on the short-term trend of gold prices. According to the technical chart, the upward trend line of gold was broken on Wednesday, indicating that the market may have a further correction in the short term. If gold prices cannot remain above the support of the $2730-2732 range, they may face greater downward pressure. The first target is the $2700 mark. If it falls below this level, the next step will test the intermediate support of $2685, and may even fall to around $2670.
If gold can hold the key support level of $2,730 and successfully break through the recent resistance level of $2,750, the market will re-enter the upward channel. At that time, the price of gold is expected to challenge the high point of the $2,770-2,775 range again, and may even further attack the psychological barrier of $2,800.
In terms of technical indicators, the oscillator on the hourly chart shows a certain callback signal, indicating that there are still opportunities for short sellers in the short term. However, given the current geopolitical and macroeconomic uncertainties, the strength of short sellers may be limited.
Buy XAUUSD at a low level.
Today, the New York market dealt a severe blow to bullish investors. Shortly before the opening, prices began to decline, reaching a low of 2708, with a drop of approximately 50 points. This downward movement was primarily driven by heightened bearish sentiment resulting from overbought conditions, as well as negative news and comments from the Federal Reserve Chair. These combined factors led to a rapid decline in gold prices over several hours.
Currently, bearish sentiment appears to be persisting. In the short term, we need to observe whether the market stabilizes in the 2700-2708 range. If stability is achieved, gold may rebound to the 2741 level, as the market has formed a double bottom support at the hourly level. Conversely, if the market fails to stabilize in the 2700-2708 range, the lower channel will open, potentially exacerbating the downward sentiment and increasing bearish pressure.
Latest Trading Thoughts: The New York market is expected to maintain a low-range consolidation with limited trading opportunities; hence, a cautious approach is advisable. Focus on movements in the Asian market and any bullish news stemming from geopolitical developments. If the New York market does not drop below the 2708 level before the close, the probability of a rebound in the Asian market exceeds 98%, making a bullish stance prudent.
Trading Plan:
Buy Zone: 2711-2708
Take Profit: 2725-2740
Stop Loss: 2700
For those unfamiliar with trading, please stay updated on real-time trading strategies.
CAPITALCOM:GOLD OANDA:XAUUSD
10.24 Gold fluctuates upwardThe price of gold fell below the moving average and now began to fluctuate. The upper side was originally at 2755, and the lower support was at 2713. You can buy low and sell high. Yesterday evening, the price fell quickly and found the support of 2713. When the price of gold retreated, you can buy on dips.
In terms of the day, the sharp drop in the rise can be alleviated, but whether it can change direction depends on the continuation.
Only if the sharp drop continues can it be the top. The focus is on how many bulls are above 2740.
Only if the price rises in a cycle in the morning, it fell back twice in the early morning yesterday, and the watershed was 2709.
Today's data: Number of initial jobless claims in the United States as of October 19 (10,000 people)
Today's focus is whether the daily line will be negative or positive when it fluctuates.
In terms of rhythm, the European session is still the focus. If we look at the continued retreat, then pay attention to the watershed 2735, which is the empty point. Remember, once the watershed continues to break, then this high point will be formed in the short term, and there will be opportunities for the mid-term in the future.
But no matter what, there is definitely not much room for bulls above the risk area, and it is not recommended to make a layout.
Resistance level 2735 Support level 2715
XAUUSDHere is our view and update on XAUUSD . Potential short opportunity.
As per our last mind, we were waiting for signs of exhaustion on XAUUSD . We have also broken the structure and our KL (Key Level) 2737 .
In detail,
As price on XAUUSD has broken our KL (Key Level) that’s sitting at 2737 , it has also broken the upside structure . We are entering at the break of our KL at 2737.811 with SL sitting at 2749.285 as it would invalidate the trade idea and continue the bullish movement creating new highs. Our TP (Take Profit) is sitting at the previous ATH (All Time High) 2685 .
PARAMETERS
- Entry: 2737.811
- SL: 2749.285
- TP: 2685.800
KEY NOTES
- XAUUSD price is showing exhaustion.
- XAUUSD broke our KL (Key Level).
- The bullish structure has been broken.
- Breaking above our SL would result in more upside.
Happy trading!
FxPocket
Xauusd sell signal On the flip side, any subsequent slide is likely to find decent support near the $2,725 area, representing the lower end of the aforementioned trend channel. A convincing break below the latter might prompt some technical selling and drag the Gold price to the $2,700 mark en route to the $2,680-2,675 support. The latter is near the 100-period Simple Moving Average (SMA) on the 4-hour charts and should act as a strong base.
Gold price attracts some dip-buying on Wednesday and hits a fresh record peak in the last hour. Middle East tensions, US political uncertainty and easing monetary policy regime lend support.
Gold now sell 2754
Support 2737
Support 2729