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SCALPING ! XAU ! retest 2646 entry SELL SCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Monday’s data revealed that a significant portion of the US economy grew at its fastest pace in over three years. The S&P Global flash US Services PMI climbed from 56.1 to 58.5 in December, marking a 38-month high. Additionally, the Composite PMI rose to 56.6 in December, up from 54.9 in November, reaching its highest level in 33 months. This strong performance overshadowed a decline in the flash US Manufacturing PMI, which fell to a three-month low of 48.3. The data reinforced expectations that the Federal Reserve may take a less dovish approach moving forward. ⭐️Personal comments NOVA: Bears dominate - short-term selling pressure before the US session, waiting for a retest of the SELL entry ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2645 - $2647 SL $2650 scalping TP1: $2640 TP2: $2635 TP3: $2630 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
4
Head and Shoulder Pattern indicates Gold fall 2600$ Short entry between 2650-2670 Profit Taking zones are 2630-2600-2575 Max risk 5% of equity with averaging strategy in zone of 2650-2670 Bearish Head and Shoulder Pattern indicates more deep fall in Gold towards $2630-$2600-$2575 My chart analysis on gold futures contract Neck Line is retesting again and again which will be attraction for buyers but be cautious. Head and Shoulders Top (Bearish Reversal) This pattern occurs after an uptrend and signals that the price is likely to reverse and head downward. It consists of three main peaks: Structure Left Shoulder: The price rises to a peak and then declines. Head: The price rises again to a higher peak (the "head") and then declines. Right Shoulder: The price rises to a lower peak, roughly equal to the Left Shoulder, and then falls back down. Neckline: The line connecting the lows between the shoulders and the head. It acts as support. A break below the neckline confirms the pattern. Steps to Identify Uptrend before the formation. Three peaks: Left Shoulder, Head, and Right Shoulder. The neckline acts as the key support level. When the price breaks the neckline downward, it signals a bearish reversal. How Traders Use It Once the neckline is broken, traders expect the price to fall further. The expected drop is calculated as: Distance from the Head to the Neckline = Expected move downward.
COMEX:GCG2025Short
by asiangoldtraders5
4
XAUUSD-A Buying Opportunity Amidst Global Uncertainty.XAUUSD-A Buying Opportunity Amidst Global Uncertainty. The gold price has been trading within a flat top and bottom channel, indicating a period of consolidation. A strong horizontal resistance line and an inclined support line are visible on the chart. Notably, the trend has reversed three times from the resistance line and twice from the support line. Currently, the trend is testing the support line, where we anticipate a third reversal. Following this, we expect the price to move towards the resistance line. Trade Setup: Based on our technical analysis and news impact, we recommend opening buy positions in gold. - Entry: Buy gold at 2640-2650 - Stop Loss: 2624 (below the support line) - Target Prices: 1. 2670 (T.P1) 2. 2685 (T.P2) 3. 2700 (T.P3) 4. 2717 (T.P4, final target near the resistance line) We believe that the current market conditions and news impact make this a attractive buying opportunity for gold.
TVC:GOLDLong
by ghostface111
1
XAUUSD- $2750 / $2800 NEXTXAUUSD- $2750 / $2800 NEXT As illustrated, market has grabbed liquidity above a mid-term high just above $2720. The market is selling all of that liquidity toward the lower side of the internal range, where there is a lot of sell-side liquidity below $2612 (near $2600) and below $2580 (near $2570 in extension). Should those areas hold as support, the yellow metal should see a strong rebound off of key psychological prices (such as $2600 or $2575/70) to make a year-end bull expansion move reaching near it's historical max of $2790. That being said and technically speaking, keep an eye on key psychological price levels and wait for an evident "V" Shape manipulation pattern on the 1H and 4H timeframes in order to take a long entry and try to catch what could be an interesting and promising bullish push. GOOD LUCK!
PEPPERSTONE:XAUUSDLong
by ghostface111
1
XAUUSD-Selling Rallies Amid Bearish StructureXAUUSD-Selling Rallies Amid Bearish Structure In my analysis of XAU/USD yesterday, I highlighted that after the 800-pip drop, a rebound was likely. However, given the weekly Pin Bar and the bearish daily structure, I emphasized that any upward move should be viewed as a correction and an opportunity to sell. Indeed, the market did see a rebound, but it was weak and short-lived. After reaching the 2665 zone, the price reversed to the downside and ended the day with minimal change. Currently, the price sits at 2652, with the recent lows now acting as confluent support, reinforced by the rising trendline from the recent bottom. A decisive break below this support zone would shift focus to the next key level at 2610-2615. My strategy remains unchanged: I continue to look for selling opportunities on rallies.
OANDA:XAUUSDShort
by piotr-Redzik
Nasdaq Futures Correction? Key Zones and StrategiesGet ready to capitalize on Nasdaq futures opportunities this Tuesday, December 17, 2024! 📊 In this detailed analysis, we cover: ✅ Overall Market Trend: Nasdaq remains bullish, but could we see a correction? We highlight critical zones to watch. 📉 Short Strategies: Key areas like 22,185 with precise targets and setups for potential short entries. 📈 Long Opportunities: Scenarios for continuation, including key breakout zones and reactions in liquidity areas. Learn how to react to price movements, identify high-probability zones, and plan your trades effectively. This video is packed with actionable strategies for both shorts and longs! 🔗 Subscribe to the channel for daily market analysis, proven strategies, and exclusive trading content. Don’t miss it!
CME_MINI:MNQH2025
by BinvestorsTrading