GOLD BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
GOLD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 17H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1992.207 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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Gold-short
GOLD BEARS ARE STRONG HERE|SHORT
Hello,Friends!
The BB upper band is nearby so GOLD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1968.115.
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Gold again fails to break through ATH?GOLD bounces from the old highs and ATH; fails to break through ATH.
TENKAN SEN line on W1 interval is very far away from the price – Tenkan likes to be close to the price – indicating that even if the price would break the ATH, the correction is inevitable.
On the daily interval, the price is struggling to break through the last resistance; this could indicating bearish senitment plus on H4 the price broke cloud.
Targets, if everything will confirm, are W1 TENKAN and MN1 KIJUN.
GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
It makes sense for us to go short on GOLD right now from the resistance line above with the target of 1984.692 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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GOLD BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
The BB upper band is nearby so GOLD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1973.506.
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GOLD Massive Resistance Ahead! Sell!
Hello,Traders!
GOLD went up after the
Breakout from the range
Just as I predicted in my
Previous analysis but
The examination of the 3D TF
Tells us that a massive horizontal
Resistance level around 2075$
Is ahead of us thus after the price
Hits the level we will be expecting
A pullback and some bearish
Correction towards the demand
Areas below at around 2020$
Sell!
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GOLD: Will Keep Falling! Target for Buyers is:1959.97
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GOLD pair which is likely to be pushed down by the bears so we will sell!
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GOLD BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
Previous week’s green candle means that for us the GOLD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1976.480.
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GOLD SHORT FROM RESISTANCE
Hello,Friends!
GOLD is trending down which is clear from the red colour of the previous weekly candle.
However, the price has locally surged into the overbought territory.
Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 1937.836.
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red or blue?See the accuracy of the previous analysis
It seems that you can look for sales positions in lower times, but in this time, it seems that we can experience a growth.
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👤 Banipal : @hosseinbakrani
📅 02.20.2023
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its ready for a massive short right here.This is the best option u get... unless it closes and stays above the line here...
we need to see the test of previous highs and I think it's ready with the next interest rate rise.his TA is purely of Trend and one of the best indicators of price going somewhere.
If we stay above 23k we might see 45k there but that is extremely unlikely. Usually, with every big trend, we get longer accumulation zones than this and I think we are not holding the price on any real support for now.
See you at 14k $btc
GOLD DAILY ANALYSIS 13.02.2022Gold is in a strong downtrend. Presently it is ranging within the value zone between 1858 and 1868.
Gold may start to trend once it tests the highs at1874
The support is at 1826 and resistance 1874
I suggest to see for short opportunities
SELL 1874 SL 1882 TP 1858
BUY 1826 SL 1816 TP 1848
GOLD Will Go Lower From Resistance! Sell!
Hello,Friends!
Indecision in the market is changing
Towards a well defined bearish sentiment
And the price action on the lower timeframes
Is clearly supporting this narratve
Therefore, I think it is a goodidea to go short!
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