Gold-sell
Gold Potential DownsidesHey Traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 1966 zone, XAUUSD was trading in an uptrend and successfully managed to break it out. currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows.
Trade safe, Joe.
Gold Potential DownsidesHey Traders, in today's trading session we are monitoring XAUUSD For a selling opportunity around 1976 zone, Gold is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 1976 support and resistance zone.
Trade safe, Joe.
XAUUSD 7th mayThis week, the gold chart has surpassed the last major swing high, indicating a potential for higher prices, especially given the bullish fundamentals. We have identified the latest range using yellow dots and observed a significant amount of liquidity around and under the latest swing low. Therefore, to avoid becoming part of this liquidity, we will be cautious with our stop and entry. However, we must confirm by closing below the range low labelled on our chart.
Additionally, we are monitoring the higher area for a possible counter-trend sell move, with confirmation entry only, and using the swing or major highs as our stop-loss protection.
The large levels of imbalance both higher and lower suggest that shifts are likely to occur. As always, we will wait to see how the market behaves in the first session of the week.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
*PURPLE ZONES ARE TO BE WATCHED FOR SMALLER TIMEFRAME SETUPS*
GOLD Easy Trading Plan! Sell!
Hello,Traders!
GOLD has hit a massive
Strong horizontal resistance
Level of 2060$ and is making
A pullback already so just as
We expected this structure
Will not be broken easily so
Our trading plan for the
Near-term is to short
Gold every time it gets too
Close to the resistance
Sell!
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Indication of a SELL for XAUUSDif that current 4hr candle does an engulfing candle. I will enter for a sell & take it down to my second entry. the market shown a break of structure & an indication of a sell pattern. right now it's in a correction stage & it will continue to downside after doing so. my first target will be 1970 & my second target will be 1950. Pure price action!!
XAUUSD Market ViewThe price movement approaching the resistance area with decreasing liquidity indicates a reduced enthusiasm of market participants to buy. This is also supported by the decreased concerns caused by the Silicon Valley Bank & Signature Bank incident. Therefore, it can be concluded to prepare for a selling position.
sell position on GOLD ( Price action )In this analysis, I traded with my basic price action strategy taking a position on breaks out of the ranges.
Here we have a break out of the range on the downfall, so I took a seller position. Also, the price is under the Moving Averages of 60 and 200 which favors the downward position. Lastly, when we apply the Fibonacci tool we can see that the price is on the gold number (0,618) which is a resistance for the price when we check for a correction on a trend.