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Xauusdshort

XAUUSDHere is our overall progressive view on XAUUSD . Potential short opportunity. As of now, XAUUSD is struggling to break 2650 . If we break above this level we could see higher highs and we will continue to the upside possibly to the ATH . However , If we break below 2635 , we could see a downside move to 2624 . If that level is broken we can continue down to 2604 which we struggled to break last few days. A clear break below 2604 would result in deep pullbacks down to 2590 and below. KEY NOTES - XAUUSD is struggling to break 2650. - Break above 2650 would result in higher highs. - Break below 2635 would confirm sells. - Break below 2624 could result in revisiting 2604. - Break below 2604 would result in a massive downside move. - Break below PBA would result in deeper pullbacks. Happy trading! FxPocket
OANDA:XAUUSDShort
by FxPocket
2
GOLD Set To Fall! SELL! My dear subscribers, GOLD looks like it will make a good move, and here are the details: The market is trading on 2640.1 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 2628.5 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDShort
by AnabelSignals
1
XAUUSD | GOLDSPOT | New perspective | follow-up detailGold prices took a hit after a stronger-than-expected US jobs report, signalling a resilient labour market and likely gradual Federal Reserve (Fed) policy easing with 25-basis-point rate cuts. This data boosted the US 10-year Treasury yield by 12 basis points to 3.971%, putting downward pressure on XAUUSD. Next week’s key events include the US inflation data, jobless claims, and the University of Michigan Consumer Sentiment report. Plus, rising geopolitical tensions in the Middle East could offer support to gold prices as conflicts involving Hezbollah, Iran, Israel, and the US unfold. Can gold challenge the $2,700 mark this week? XAUUSD Technical Overview: This week, we're focusing on the $2,630 zone. This could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone, Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights! 📌 Follow my journey as I map out the next moves in this dynamic market! #GoldMarket #FedRateCuts #USData #GoldTrading #ForexAnalysis #GoldForecast #EconomicOutlook #TradingStrategies #InvestingInGold #MarketUpdates📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
SAXO:XAUUSD
by darcsherry
5
CPI data is coming, are you ready to make money?Technical analysis of gold: Gold daily line recorded a big negative again, which is very weak from the perspective of the shape, especially after breaking the 2630 low support and closing at a low level. In terms of the daily line, the five consecutive negative lines in the daily line structure are unfavorable for the development of bulls, especially yesterday's daily line closed with a big negative, which further aggravated the need for adjustment at the daily level, and the price was under pressure below the short-term moving average. The moving averages of other periods maintained a short-term arrangement. The short-term indicators were downward and the volume increased, and the bears had the advantage. At the 4-hour level of gold, the short-term moving average continued the bearish divergence pattern and maintained downward. It is currently running above the lower Bollinger track, and there is no sign of bottoming out for the time being; at the same time, there is a trend of forming a dead cross. If it forms, the downward space will be further opened; the hourly level is currently maintained in a low narrow range of fluctuations, and the strength of the intraday rebound is relatively small. Pay attention to the possible secondary downward trend after the small adjustment and repair is completed. On the whole, He suggests that today's short-term operation strategy for gold should be mainly shorting on rebounds and long on pullbacks. The short-term focus on the upper side is the 2622-2627 line of resistance, and the short-term focus on the lower side is the 2600-2595 line of support.
OANDA:XAUUSD
by hghbhghb
Gold has made a profit of 200% this weekFrom the technical perspective of gold, in the daily K-line, the stochastic indicator crosses downward, and the main short is downward; in terms of form, it is temporarily supported near the central axis; it is not easy to break downward for the time being; in the 4-hour period, the stochastic indicator crosses downward and oscillates, and there is no golden cross for the time being. In terms of form, it oscillates downward. In the 1-hour period, the stochastic indicator and the MACD indicator cross golden cross temporarily, and the form temporarily stops the decline and rebounds. The support position is still at the upper and lower support positions of 2600. Further support positions focus on the positions of 2590-2580; the pressure position is at the pressure position of 2625-2630; although the 2604 line was not broken yesterday, there was no strong pullback, and the upper high point was gradually suppressed and moved downward. Even if there is a rebound, there is little room for release, so continue to look down from a high position during the day.
OANDA:XAUUSD
by hghbhghb
XAU down! correction 10/10/2024XAU / USD trend forecast October 10, 2024 Gold continued its decline for the sixth straight day after the Federal Reserve (Fed) released its September Meeting Minutes. The Minutes revealed that most FOMC members supported a 50-basis-point cut, though XAU/USD remains near $2,610, down 0.37%. While some officials preferred a 25 bps cut, all agreed on lowering rates. Most participants saw inflation risks decreasing, while concerns about the labor market increased. H1 frame shows Gold price correction - amid news of China stopping gold purchases continuing to impact further bullish momentum. Price continues to correct below 2600 /// SELL XAU : zone 2623-2626 SL: 2631 TP: 50 - 100 - 300 pips (2596) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
5
CPI ! Opportunity for gold price to fall below 2600⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) edged higher during the Asian session on Thursday, ending a six-day losing streak that brought it to a nearly three-week low. The US Dollar (USD) is in a consolidation phase as traders await the US Consumer Price Index (CPI) data release. This repositioning has provided some support to gold. However, a significant rally in gold seems unlikely due to reduced expectations for aggressive rate cuts by the Federal Reserve (Fed), as highlighted by the September FOMC meeting minutes. Elevated US Treasury yields may continue to limit gains, requiring strong buying to signal the end of gold's recent corrective decline from its all-time high. ⭐️ Personal comments NOVA: The long-term framework H1, H4 shows that sellers prevail - the downward correction will continue towards below $2600 ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2583 - $2585 SL $2578 TP1: $2590 TP2: $2600 TP3: $2610 🔥SELL GOLD zone: $2649 - $2651 SL $2656 TP1: $2644 TP2: $2638 TP3: $2630 Pay attention to the trendline resistance area H1: 2633 ⭐️ 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
5
Sell Gold (XAU/USD) Triangle BreakoutThe XAU/USD pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 2638 Target Levels: 1st Support – 2616 2nd Support – 2605 Stop-Loss: To manage risk, place a stop-loss order above 2660. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAUUSDShort
by KABHI_TA_TRADING
18
Gold Trade Setup (XAU/USD) - Short PositionEntry: Waiting for a 4-hour candle close below 2,616.065 before setting my sell order at 2,618.945 (4-hour resistance). If the 4 hour does not close below 2616.065 this trade is not valid SL: 2,621.000 (Above major resistance). TP1: 2,616.065 (First 4-hour support) + SL to BE TP2: 2,611.750 (1-hour support). TP3: 2,609.055 (Key 4-hour support). Rationale: I'm looking for confirmation of resistance rejection on the 4-hour timeframe, with a close below 2,616.065. Once confirmed, I will set my sell order slightly higher at 2,618.945 to maximize entry at a strong resistance level. The stop loss is placed above at 2,621.000, and my take profits are aligned with key support levels: 2,616.065, 2,611.750, and 2,609.055.
OANDA:XAUUSDShort
by PipShiesty
8
Continue to short gold after the reboundBros, this week should be magical. Gold has touched my expectations one by one during the decline. I said that gold would at least retest the 2615-2610 area, and it is even possible to touch the area near 2600. Gold fell to around 2604 yesterday, which is exactly in line with my expectations. Gold seems to have stopped falling and once rebounded above 2620, but in fact, I am not optimistic about the sustainability of gold's rebound here, and I think gold is a bit tempting to go long now. Once gold starts to kill bulls, I fully believe that 2600 is not the end point. Gold still has room to continue to fall, at least retesting the 2590-2580 area, and even looking at the area near 2550. So in terms of short-term trading, you can boldly short gold with the short-term resistance in the 2630-2640 area! Therefore, in terms of short-term trading, you can boldly short gold by relying on the short-term resistance of the 2630-2640 area! Bros, let us look forward to the next profits!
OANDA:XAUUSDShort
by alongwineer
FOMC ! Is this a sharp decline or correction?⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) dropped nearly 1.5% on Tuesday, reaching a three-week low but found support near the $2,600 level. The stronger US Dollar, driven by reduced expectations of a large Federal Reserve (Fed) rate cut, pressured the non-yielding gold. Additionally, news of a potential ceasefire between Hezbollah and Israel further weighed on the safe-haven metal, pushing it below $2,630. However, the decline paused as traders await the release of the September FOMC meeting minutes on Wednesday, along with US inflation data (CPI and PPI) later this week, which will influence the Fed’s rate outlook. In the meantime, the subdued USD could help limit further losses for gold ⭐️Personal comments NOVA: Gold price BREAK through the zone 2625 - 2671 - following a downtrend after news that the Chinese government has unfavorable policies for gold. Adjusted cadence is necessary ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2595 - $2597 SL $2590 TP1: $2602 TP2: $2610 TP3: $2620 🔥BUY GOLD zone: $2606 - $2604 SL $2601 TP1: $2610 TP2: $2615 TP3: $2620 🔥SELL GOLD zone: $2643 - $2645 SL $2650 TP1: $2635 TP2: $2620 TP3: $2610 ⭐️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
4
Gold on the Verge: Eyeing 2,602 for the Next Move!Gold is currently showing signs of weakness on the 30-minute chart, and I have entered a short position based on the technical structure. The market has seen a slight pullback, but the bearish momentum seems to be taking over as it continues to test lower levels. Key Technical Insights: • Entry Price Area: short trade was initiated around 2,621.22. • Stop Loss: The SL is set above the retracement zone, close to 2,629.02 to avoid any sudden upside retracement. • Take Profit (TP): The potential downside target looks like 2,612, though there could be room for price movement lower, towards 2,608 or even 2,6002 depending on momentum. Risk Management: Given the shorter timeframe of the trade, this is a quick trade opportunity with a moderate risk profile. Traders should monitor the trade closely and be prepared to exit if the price action suggests a reversal. As always, if you are in profit, consider taking partials to secure gains and manage risk effectively. Let’s see how this short setup unfolds, and as always, remember to pay yourself when the trade starts moving in your favor! Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDShort
by AR33_
XAUUSDHere is our overall on XAUUSD . Potential short opportunity. As of now, XAUUSD is struggling to break 2624 . If we break above this level we could see higher highs and we will continue to the upside. However, If we break below 2604 , we could see a downside move to our PBA (Pullback Area) sitting at around 2590 . Breaks below our PBA could also result in lower prices. Considering the fact we made an ATH it would not be out of the ordinary for gold to do a massive pullback . KEY NOTES - XAUUSD is struggling to break 2624. - Break below 2604 would confirm sells. - A pullback from ATH is not out of the ordinary. - Break above 2624 could result in higher highs. - Break below PBA would result in deeper pullbacks. Happy trading! FxPocket
OANDA:XAUUSDShort
by FxPocket
#XAUUSD 30MIN#XAUUSD 30-Minute Forecast Sell with an Order Block Pattern On the 30-minute chart for #XAUUSD, we are seeing a shift in momentum towards a downward trend, signaling a potential sell opportunity. Price action has broken key levels, and the market is now favoring bearish sentiment. We are closely watching **two order block areas** for further downside continuation. #Key Insights: 1. Order Block Pattern: - The price has moved into an identified bearish order block, an area where large institutions or traders have placed significant sell orders in the past. - These areas often act as resistance, with the potential to push the price lower once retested. 2. Momentum Shift: - The recent price action indicates that bullish momentum has weakened, with sellers now gaining control of the market. This shift supports a sell bias. 3. Continuation Areas: - We are monitoring two critical areas within the order block for further price rejection. If the price fails to break above these zones, it confirms a strong bearish continuation. 4. **Volume Confirmation**: Increased volume near these order block zones would strengthen the sell scenario, as it confirms stronger participation from sellers. 5.Stop-Loss Considerations: For a short trade, placing a stop-loss above the order block area is recommended to protect against potential bullish reversals. Trading Strategy: - Entry: Look for sell signals near the identified order block areas with confirmation from bearish price action (e.g., rejection candlesticks or lower highs). -Take Profit: Target lower support levels as potential areas to take profit. -Stop Loss: Set stop-loss above the order block areas to manage risk in case of a bullish breakout. This analysis highlights the potential for bearish continuation in #XAUUSD on the 30-minute timeframe, with focus on the identified order block areas for monitoring price action and sell entries.
OANDA:XAUUSDShort
by PIPSFIGHTER
Gold May Fall to 2595.00 - 2605.00 (READ DESCRIPTION)Gold May Fall to 2595.00 - 2605.00 Pivot Point: 2631.00 The pivot at 2631.00 is a significant resistance level. The price remaining below this point indicates bearish sentiment in the market. If the price breaks above this level, it may signal a shift towards a bullish trend. Primary Strategy (Our Preference): Entry Point: Initiate short positions below 2631.00. Target Levels: 2605.00: This is the first target, representing a potential decline of 26 pips from the pivot. This level may attract some buying interest; however, strong bearish momentum could push through it. 2595.00: The next target indicates a further decline of 36 pips. If selling pressure continues, this level could be reached as a significant downside extension. Alternative Scenario: If the price moves above the pivot point at 2631.00, consider long positions. Entry Point: If the price breaks and sustains above 2631.00, initiate long positions. Target Levels: 2642.00: The first upside target, suggesting a potential rise of 11 pips from the pivot. This level could serve as initial resistance. 2653.00: The next target indicates a further upside move of 22 pips, suggesting potential for a stronger bullish trend if momentum builds. Technical Outlook: RSI Indicator: The RSI is likely reflecting bearish momentum, suggesting further downside as the price remains below the pivot. MACD Indicator: The MACD is expected to be below its signal line, confirming bearish sentiment. Moving Averages: Gold is likely trading below its 20- and 50-period moving averages, indicating short-term weakness and reinforcing the bearish outlook. Market Dynamics: As long as the resistance at 2631.00 is not surpassed, the risk of breaking below 2605.00 remains high, potentially leading to further declines toward 2595.00. A sustained break above 2631.00 may shift market sentiment, opening the path for a move toward the upside targets at 2642.00 and 2653.00. Gold is poised for a potential decline as long as it remains below 2631.00, with targets set at 2605.00 and 2595.00 for further downside. A breach above 2631.00 could indicate a shift to bullish momentum, targeting 2642.00 and 2653.00 for further upside.
OANDA:XAUUSD
by CharivapaAlgo
1
Has gold seen bottom? Can we continue to be bearish? Yesterday I clearly suggested shorting at 2648, and 2630 was not the short-term bottom. The final result was in line with expectations and unexpected, because the gold price plummeted by nearly $50, not only reaching our target of 2615, but also reaching the lowest point of 2604. I believe that friends who follow the trading strategy have made a lot of money. Congratulations! Let's get back to the point. Because the market's bets on the Fed's sharp interest rate cuts have faded and most of the market's positions have chosen to take profits, gold fell sharply by nearly $50 during the US trading session yesterday, with the short-term low reaching 2604, and then the decline narrowed. As of now, it has remained around 2620 for consolidation. From the gold daily chart, although the lowest point reached 2604, the final closing price was above 2620, just when the daily MA20 daily moving average position was held, and there was no effective break. So since the lower support has not broken, we cannot directly choose to continue shorting today. Instead, we have to wait for the rebound power to be consumed before going short, and the upper suppression area will be a good choice. From the 1H chart, the previous support of 2630 has now turned into resistance, and the same is true for the 2640 line. Therefore, today we need to observe the resistance situation in the 2630-2640 area. Once there is a sign of reversal here, I think it is an opportunity to short. If there are any latest changes in transaction details, I will update you in time in the channel. If you are interested, you can enter below.
TVC:GOLDShort
by AntonyTP
XAUUSD GOLD Technical Analysis and Trade Idea👀👉 XAUUSD (Gold) has been under selling pressure recently, presenting a possible short-term day trading opportunity. In this video, we’ll analyze the price action, examine the prevailing trend and market structure, and discuss a potential trade setup. Risk Disclaimer: Trading Forex involves significant risk, and market conditions can change rapidly. The information provided is for educational purposes only and should not be interpreted as financial advice. 📉✅
FX:XAUUSDShort
by fxtraderanthony
XAUUSD: Double Top/Head and Shoulders From a broader perspective, gold currently resembles a head and shoulders pattern. However, if we focus on a smaller scale, it appears to be forming a double top. For now, we will base our market analysis on this smaller pattern to guide our trades. Typically, after a double top forms, a rebound often follows. This is one of the primary reasons why I recommended a buy position before yesterday's close. When bullish momentum is strong, the price tends to rebound towards or even above the resistance level. In cases of weaker bullish strength, the rebound peak may fall below or only reach the resistance level. Given the current state of the market, the bulls still hold decent power, making it likely that the rebound will test or even surpass the resistance zone around 2629-2638. This area can be considered as a potential exit point for long positions and an ideal entry point for shorts. For short positions, the initial target can be around 2596, which was a previous resistance level during the uptrend. The mid-term target aligns with the low formed during the left shoulder of the head and shoulders pattern, around 2558. The final target would be near 2518, the starting point of the head and shoulders formation. Every trader has their own preferred strategy, but the key is to align with the overall trend. Even if short-term volatility creates challenging situations, staying patient and trusting the broader market direction will lead to success in the end. The process may involve several tests, but perseverance and timing are crucial.
OANDA:XAUUSDShort
by Mia-Signal
Gold 2630-2638 Range Is Good For Shorting After a significant rally, gold has finally retraced to the 2600 level. If you’ve been following my recent analysis, you should have already taken advantage of this move. Yesterday, my strategy was to short at 2648, closing near 2618, while recommending a long position near 2610 with a target range of 2620-2628. This approach played out perfectly, securing notable profits. Gold is now hovering around the MA20, where resistance is expected to be minor. The key resistance zone lies between 2632-2638, close to the MA60. While it may not reach this level, the current rebound is not over yet. If it reaches the MA60 region, it will present an ideal shorting opportunity with at least $10 of downside potential. Successful trading always relies on strong signals—don’t you agree?
FOREXCOM:XAUUSDShort
by MichaeliaDefoe