Gold Bears Secure Profits, Ready To Enter Long Position
Today, gold successfully reached our target range of 2644-2637, delivering strong profits for short positions. In trading, clear signals inevitably lead to profitable outcomes.
Now that gold has broken above the MA20 and is showing a bullish formation, we will follow the trend and shift towards long positions. Using the MA20 as our reference line, a buy order should be placed around 2652-2646. However, given the current high price near resistance, it's important to manage risk. I recommend setting a stop-loss (SL) around 2632, but adjust according to your individual account management strategy.
Xauusdsetup
XAUUSD: The risk of shorting is less than that of going long
After finding support around 2638, gold has rebounded and is now approaching the critical resistance zone at 2663-2668. If prices linger here without breaking through, it could weaken the bullish momentum.
From a trading perspective, the risk of going long at the current price outweighs that of shorting. For those entering long positions, caution is advised—avoid overextending and close positions promptly if the previous high isn’t breached. As for shorts, the risk is manageable; smaller initial positions can be opened, with the option to add more if prices rise. In the medium term, I believe a break below 2600 is inevitable.
Gold : A Prime Opportunity for Short Positions
Today, gold remains under significant pressure within the 2660-2668 range, with the resistance around the 20-day moving average (MA20) proving to be a formidable barrier. The bearish momentum is clearly in control, presenting a prime opportunity for short trades.
The recommended strategy is to focus on selling near the MA20 resistance level, targeting the 2645-2637 range. This approach leverages the technical weakness, as the market favors a downward move in the near term.
XAUUSD: Mainly short trading, target 2637-2629
During tomorrow's Asian trading session, the primary range is expected to be between 2654 -2644. There is significant resistance around the 2654 level, and if this resistance holds, the market should favor short positions.
Support is seen near 2643, and if this level breaks, the next target range would shift to 2637-2629. The market's inability to push through resistance at 2658 reinforces a bearish outlook in the near term.
Gold's upward trend is confirmed, buy boldly on pullbacksLast Friday, gold continued to rise, reaching a high of 2661, as the US PPI data showed that the inflation outlook was still favorable to support the Fed's expectations of a rate cut next month.
From the daily chart, we can see that the gold price has now stabilized above the daily average line, and the bullish trend has continued. In the short term, as long as the gold price pulls back to the support area, it is an opportunity to buy. Now it depends on where the gold price will start to rise.
From the 1H chart, the nearest support below is around 2642, which is the 0.618 position of the Fibonacci retracement of this rise, and the second is around 2630.
In today's Asian and European trading period, the gold price pulled back to 2643 and started to rise, which has verified the support strength of the 0.618 position. Therefore, if there is no accident today, as long as it pulls back here, you can buy boldly.
My personal short position sold at 2653 last Friday has been closed with profit when it fell to 2645. Now I am waiting for the pullback to trade long positions.
XAUUSD:Trading around 2638-2663 during the day
Following its drop to the 2600 level, gold has found solid support and rebounded strongly, driven by escalating geopolitical tensions. Prices are now trading back above the 2650 mark.
In the short term, attention should be focused on the 2643-2638 support zone. On the upside, key resistance remains near the recent highs, particularly around 2658.
This week's daily close (1D) will be pivotal. Should we continue to see bearish candles without a break above the previous highs, a significant downturn is likely next week or in early next month. This correction is expected to extend over several weeks, shifting from intraday moves to more sustained declines.
We must also closely monitor the global political landscape. If tensions escalate further, there is a strong possibility of gold breaching the 2700 level. However, if conditions stabilize, we can anticipate a drop below 2550 within the next month.
XAUUSD GOLD: Understanding Trend Shifts for Precision Entries👀👉 In this video, we explore the inner workings of market trends and, more importantly, how smart money manipulates price action to sweep liquidity, allowing them to place their orders and sustain the trend. We also showcase a powerful, free indicator from TradingView’s extensive toolset. Here's what we cover:
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Disclaimer: This video is for educational purposes only and is not financial advice. Trading involves significant risks. Be sure to conduct your own research before making any decisions. Trade responsibly.
XAUUSD Top-down analysis 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 Retracement Opportunity: Targeting Key Fib Levels!Currently, Gold (XAU/USD) is poised for a potential retracement towards the 0.5 FibCloud level after covering all the price imbalances. We have key targets mapped out with multiple take-profit (TP) levels as the price retraces. Technically, we are seeing a well-formed structure, with price rejection near the upper channel resistance, and the overall trend indicating a likely pullback to mitigate recent upward movement.
Key technical levels :
• TP1: 2,634
• TP2: 2,628
• TP3: 2,620
Risk Management:
This trade setup provides favorable risk-reward metrics, but it’s essential to maintain disciplined risk management. Stop loss (SL) is placed just above the upper boundary near recent highs to minimize downside exposure. It is advisable to take partials as the price hits respective TP levels, securing profits while reducing exposure. Be prepared to adjust stop losses to break-even or beyond as the trade moves in our favor, ensuring we protect capital and lock in gains.
Conclusion :
This trade offers a strategic entry for traders looking to capitalize on a potential gold retracement, given the technical alignment and FibCloud setup. As always, risk management is key in navigating market volatility, especially during news-sensitive periods.
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.
Gold has a bottom divergence, buy at the low todayThe US dollar continued to rise this week and has now risen to a two-month high. Gold also fell for the sixth consecutive trading day yesterday, and the lowest point of 2605 was tested many times, but it still did not fall below.
Therefore, from the current trend, it is not possible to continue to short, because the support of the 2605 line is very strong, and after the precipitation of the past few days, the short-selling force has also weakened a lot.
At the same time, it can be seen from the figure that the price trend is falling, but the MACD indicator is continuing to strengthen, which obviously forms a bottom divergence pattern, which is a bullish signal.
From the 1H chart, the upper suppression point is in the 2630-2640 area, and the lower support is 2605-2615.
So today's trading strategy is to buy in the support area and target the upper resistance area
XAUUSD BUY WEEKLY FORECAST Here on Xauusd price has been in uptrend and there is a chance of making pull back before continue it uptrend movement so is expected to go LONG around level of 2621.069 - 2612.742 and now target a profit of 2637.015,2662.358 and 2680.748 with stoploss of 2598.170 . Use money management
XAUUSD WEEKLY FORECAST |BUY @ 2621.069 - 2612.742
SL 2598.170
TP1 2637.015
TP2 2662.358
TP3 2680.748
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.
Gold Free Trade +450 Pips 0 Drawdown , New Entry Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
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. 📉✅
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.
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?
XAUUSD: Sell@2634-2644
The bearish trend is still very obvious. Short-selling is the main method in the near future. If the price falls below 2600 in the short term, there will be a rebound of about $20. Before that, the rebound during the decline will not be too large, so if you have long positions, you must not be too greedy.
Gold shorts are not over yet, watch out for accelerated declinesThe September NFP data is good news for the market, giving the market more reasons to prepare for the latest inflation data.
Last week's heavyweight employment report puts more pressure on this week's CPI data. If the data unexpectedly rises sharply, it is likely to cause market turmoil.
After the blowout employment report last Friday, the importance of this week's CPI has been significantly provided.
We have noticed that the US dollar has continued to maintain its upward momentum recently. It is likely to continue its upward trend before the release of CPI data. If there is a correction, it can only be after CPI. Therefore, the rise of the US dollar will bring continued suppression to gold.
It can be seen from the figure that the gold price has repeatedly tested the low point of 2630 during the decline. I think 2630 is not a short-term bottom. It will fall below in the next two days. Once it falls below, you can see the support of the lower moving average near 2615.
In addition, 2648 is the 0.382 position of the Fibonacci retracement. The pressure effect here has been verified many times before, so friends who are short can choose to sell here.
My personal short position is currently in a state of substantial profit, but I will not close the position for the time being. I will continue to hold and expand the profit.
GOLD First Entry +500 Pips , Second +300 Pips ,Third Entry ReadyThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Gold First Entry +300 Pips 0 Drawdown , Free Full Trade Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
End of the Bull Run: Time to Short as Gold Enters
The bullish momentum in gold has come to an end, and we are now entering a correction phase. Based on the current Moving Average (MA) alignment, the price is likely to decline towards the 2620-2580 range. This presents an excellent opportunity for short positions.
I suggest taking advantage of this setup by consistently selling within the 2643-2675 range. Follow this strategy and capitalize on the forthcoming downtrend.