💥📉 Gold Analysis – Divergences, Resistance, and a Short Bias 🪙⚠️
Hey Traders,
As promised in the latest video, here's the official chart update for Gold – and the message is clear: I'm short.
📊 What I See on the Chart
We're now well below the 3,446 resistance, with early signs of weakness showing up across multiple timeframes. I’ve laid out both the 2-Day and 4H charts in this post, and here’s what I’m tracking:
⚠️ Technical Warning Signs:
🔻 2D chart: Six bearish divergences
– RSI, Stochastic, CCI, OBV, MFI, and MACD all flashing red
📉 1D chart: Same thing — six divergences, telling me momentum is fading
⏳ 4H chart: Price action breaking trendlines, and support at 3,237 looks shaky
🚨 If that breaks, my main support zone is at $3,000 – and that’s where I believe we’re heading.
This is not just a pullback. This is the kind of confluence you can’t ignore if you trade technically.
🔁 Sentiment Shift
Back in December '22 and again earlier this year, I was long Gold – and it was the right call. But now?
📌 This chart has gone from momentum to exhaustion.
📌 I see less demand, softer momentum, and strong bearish divergence stacking across every major timeframe I watch.
🎯 Trade View
✅ I’m short Gold.
🎯 Targeting the $3,000–3,050 zone.
📉 Invalidated if we reclaim and close above $3,446 with strength.
It’s that simple. Nothing personal – just structure, divergence, and flow.
🧠 The Chart vs. The Narrative
Recently, I saw a note from Goldman Sachs forecasting $4,000 Gold. Maybe they’re right.
But I’ll be honest with you – I don’t buy the media hype.
I'm not here for the headlines.
I'm a chart guy. Always have been. Always will be.
The chart is the map to the treasure – and that’s the only thing I follow.
🧠 I cover this and the broader macro setup (Dollar, BTC, DAX, Tech, BTC.D, and more) in the full 20-min video just dropped.
If you haven’t watched it yet, go catch up — it explains the logic and why this isn’t just a gold story.
One Love,
The FXPROFESSOR 💙
Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! 🌟🤝📈
Hey Traders,
As promised in the latest video, here's the official chart update for Gold – and the message is clear: I'm short.
📊 What I See on the Chart
We're now well below the 3,446 resistance, with early signs of weakness showing up across multiple timeframes. I’ve laid out both the 2-Day and 4H charts in this post, and here’s what I’m tracking:
⚠️ Technical Warning Signs:
🔻 2D chart: Six bearish divergences
– RSI, Stochastic, CCI, OBV, MFI, and MACD all flashing red
📉 1D chart: Same thing — six divergences, telling me momentum is fading
⏳ 4H chart: Price action breaking trendlines, and support at 3,237 looks shaky
🚨 If that breaks, my main support zone is at $3,000 – and that’s where I believe we’re heading.
This is not just a pullback. This is the kind of confluence you can’t ignore if you trade technically.
🔁 Sentiment Shift
Back in December '22 and again earlier this year, I was long Gold – and it was the right call. But now?
📌 This chart has gone from momentum to exhaustion.
📌 I see less demand, softer momentum, and strong bearish divergence stacking across every major timeframe I watch.
🎯 Trade View
✅ I’m short Gold.
🎯 Targeting the $3,000–3,050 zone.
📉 Invalidated if we reclaim and close above $3,446 with strength.
It’s that simple. Nothing personal – just structure, divergence, and flow.
🧠 The Chart vs. The Narrative
Recently, I saw a note from Goldman Sachs forecasting $4,000 Gold. Maybe they’re right.
But I’ll be honest with you – I don’t buy the media hype.
I'm not here for the headlines.
I'm a chart guy. Always have been. Always will be.
The chart is the map to the treasure – and that’s the only thing I follow.
🧠 I cover this and the broader macro setup (Dollar, BTC, DAX, Tech, BTC.D, and more) in the full 20-min video just dropped.
One Love,
The FXPROFESSOR 💙
Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! 🌟🤝📈
🌍 All in one place → fxprofessor.com
🧠 Free FXPROFESSOR AI on ChatGPT
🔧 Top tools to level UP your trading
💹 Best crypto, forex & stock deals
📣 Telegram: t.me/fxprofessor88
💥 I don’t follow trends. I build the tools to catch them!
🧠 Free FXPROFESSOR AI on ChatGPT
🔧 Top tools to level UP your trading
💹 Best crypto, forex & stock deals
📣 Telegram: t.me/fxprofessor88
💥 I don’t follow trends. I build the tools to catch them!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🌍 All in one place → fxprofessor.com
🧠 Free FXPROFESSOR AI on ChatGPT
🔧 Top tools to level UP your trading
💹 Best crypto, forex & stock deals
📣 Telegram: t.me/fxprofessor88
💥 I don’t follow trends. I build the tools to catch them!
🧠 Free FXPROFESSOR AI on ChatGPT
🔧 Top tools to level UP your trading
💹 Best crypto, forex & stock deals
📣 Telegram: t.me/fxprofessor88
💥 I don’t follow trends. I build the tools to catch them!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.