XAU/USD SHORT OPPORTUNITY (DAILY):XAU/USD SHORT OPPORTUNITY (DAILY):
We may see an inverted head and shoulder formation on GOLD. Keep this thought in mind
Shortgold
Gold Short SetupFor the majority of this week, gold was holding around the 1650 zone. Finally it presented an opportunity to for me to enter a short position, offering a 2.5:1 R/R.
I targeted the 50 ema on the daily chart, as this was a reversal (counter trend) trade, which took profit a few hours later.
Currently, the markets are extremely volatile due to the media reports on the virus. My advice is if you are not experienced, wait until this has all blown over before taking any positions!
Have a great weekend!
P.S
If you want to learn more about how I trade, drop me a DM on here or on IG @saxonpooley!
GOLD CRASH TO 1200 TRADE WARS 2020In the recent months china's wealth has been fleeing Yuan in the fear of virus contagion from cash so they have been acquiring large amounts of gold reserves from offshore deposits.
These same people selling KG for the highest price will crash the market destroying China's economy the trade war has only just begun mark my words!
Don't believe a word I say - Do your own research.
BUY BTC
SAXO:XAUUSD
FOREXCOM:XAUUSD
FX_IDC:XAUUSD
OANDA:XAUUSD
OANDA:XAUEUR
OANDA:XAUGBP
FX_IDC:XAUAUD
OANDA:XAUCAD
FOREXCOM:XAUGBP
OANDA:XAUCHF
FX_IDC:XAUUSDG
FX_IDC:XAUCNY
OANDA:XAUNZD
FX_IDC:XAUTRYK
BITFINEX:XAUTUSDSHORTS
BITFINEX:XAUTUSDLONGS
FX_IDC:XAUCAD
FX_IDC:XAUINR
COINBASE:BTCUSD
COINBASE:BTCGBP
GOLD ShortYes, i know you all have suffered a little loss as XAU broke the trendline mentioned earlier.
Now here is your chance to SHORT! Watch out resistance area, SL above the trendline.
TP can be 1540 and below. Short gold during daily spike! Happy Hunting!
Gold UpdateGold finished 5 waves up targeting 1611$ an ounce.
moved down nicely in a 5 wave pattern as well that indicates more room to the downside in the coming sessions however we
shall wait for a three wave pullback near 1585$ to enter shorts again.
Complex Corrective Wave on GOLD!!!after finishing triangular wave X the price moved nicely in an impulsive manner and stopped for a three corrective pullbacks, now its time again to take Gold into new lows that might target 100%
Fibonacci expansion near 1416$ per ounce.
risk to reward ratio for his trade is awesome since any daily close above 1495 will erase this bearish sequence.
good luck
Short Gold 1st week of NovemborQuick Descending Trendline simple works
Short gold at $1512
Stop loss at $1523
First take profit at $1485
Second take profit at $1447
XAUUSD Anaysis: Sell ideaHey traders... I see a good sell opportunity in GOLD. Wait and sell if a breakout happens to the triangle from the lower side.
BEARISH BIAS on GOLD / SHORT FOR TARGET of 1390 and BELOWSHORT GOLD AT 1410 FOR TARGET OF 1390
GOLD is Bearish on Daily Time Frame
Long JDSTGold is oversold on the RSI. Had a doji reversal last Friday. And HUI miners keep signaling lower gold. Anticipating a move back to 1300. JDST is near previous all time lows @ 29 from February
If the Fed doesn’t deliver a rate cut Wednesday, expect gold to sell off
XAU|USD SHORTApologies for the late Upload, we have only just joint trading view!
We entered a short position on Gold @ 1341.51
SL @ 1350.09
TP1 @ 1270.00
TP2@ 1185.00
REASON FOR THE TRADE:
MN TIMEFRAME - when looking at the monthly time frame you can see a clear false breakout, which has again been replicated, the strong resistance at 1342, was showing reversal signs and failed to breakout beyond this point.
W1 TIMEFRAME - on the weekly timeframe you can again see similar correlation, a very similar pattern forming and has taken place.
D1 - the daily timeframe is probably most clear for the signs of gold, the typical tweezers trying to breakout, and failing at our key levels.
SUMMARY:
Although the view for gold is bullish, the charts do not lie. We have had a lot of turmoil with the ongoing trade war and tariff's, Brexit and many other factors where we have seen investors flee to a safe haven. my overall opinion is bullish, but NOT YET. Although watching BBC makes you feel like the world is going to end, there isn't enough for it to push above these levels. We will be patient with this pair, I personally think TP2 is optimistic, but also possible. We will see if trump does anything else crazy.
Happy trading!
I'm short on goldGold is going upsides....next resistance is 1310.7, Is a very good R:R trade, so I will wait for price action before enter this trade.
short goldzone 1255 is the 0.618 fibonacci level of the surge in the last quarter of 2018,likely return to that area
GOLD - THE ONLY WAY IS U... down?Gold looks very bearish along with silver.
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates potential support/resistance .
Green line indicates t/p.
Arrows indicate the overall trend
This is a log chart.
This chart is made using fib channels.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
Close and reversing XAUUSDXAUUSD going up. But breakdown levels on 1277 and 1275.3
So i close buy positions and open SEL order on XAUUSD 1274.5
SL - 1277.3
TP - 1253.6
RRR - 1:6.8
DUST is Broken-OutDUST looks ready to fly. Wouldn't be surprised if there is a small, short-term pull back, but I also wouldn't be surprised if DUST just starts shooting straight up. All depends on how quickly GOLD falls to 1220.
XAUUSD 4H Short opportunity This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not necessarily be a reason for the success of
the structure or repetition. So please make your decision based on your vision .
To protect capital and manage your deals and trading successfully
the maximum loss in each transaction for the same currency or
commodity in the same direction should not exceed ( 2% ) of the capital .
Good luck >>
