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Spotgold

The Winter Short - XAUUSD (GOLD) If history & patterns prevail then we could see gold drop to 1500 by the end of 2021, which would be quite the spectacle considering since early 2018 gold has had year by year growth from the 1300s (2018), 1500s (2019), 2000s (2020) but 2021 seems to be breaking this pattern with an average of 1800 but we are currently sitting on 1760 a long way from creating a new high past 2070 in only 3 months. The same 2011/12 crash from 1900 to 1500 in only 1 year could be in a reenactment with the same double triple tops forming after a crazy bull run showing signs of an overbought market wearing out. However, in 2013, we saw the precious metal drop even further past 1500 on a steady descent for 3 years dropping all the way down to 1050 from 1900 in a together 4-year span before catching a breather in 2016 pumping back up to the 1300s where we consolidated around until 2020
OANDA:XAUUSDShort
by OfficialKieranTrewick
Gold potential longGold very recently dipped in to a pool of liquidity (last significant low before a large move up) that led to the parabolic rally that printed new highs. As soon as the violation happened we saw rally that violated the bearish market structure on the daily timeframe giving very bullish signals. This correction might not be over but there is an opportunity to buy gold and ride it to 2000.00 and potentially higher. I don’t know what the market is going to do long term but for now PA is pointing me in that direction. I’m waiting for a dip in to the zone I highlighted below. I would have a limit order be I haven’t been following gold long enough to be sure of its levels/zones just yet. I will have to watch this carefully and monitor price when it reaches my levels. Let’s see how this one plays out.
OANDA:XAUUSDLong
by Golb
Gold needs to find support and soonSpot Gold has been hurt by a run higher into the USD and buyers will need to hold some support soon. We are watching the 1868 zone to see if buyers react and start a squeeze on sellers for a run up. The latest trend is down and momentum may be enough to push price even lower which would open up a move down to 1794. We expect to see a reaction around 1868 although only time will tell whether a higher low will stick for a buying opportunity and for recent sellers to be squeezed back out of the action. ------------------------------------------------------------- WE TRADE WHAT WE TEACH Check out our recent Live Streams from our profile page!! ------------------------------------------------------------- ** If you enjoy our free content, please support and follow our profile, by hitting the Follow button to get further high quality ideas. ** ** If you are following our ideas any comments and likes are most welcome and will be greatly appreciated ** ** With quality alerts and correct Risk Management, you can learn consistency and grow your account ** ** With quality portfolio management and defined risk levels to help your account grow and achieve steady profit targets while increasing your trading edge. **
OANDA:XAUUSD
by TradeTheStructure