Gold seems BearishOn H4 chart, gold was rejected from the major resistance zone and also rejected from EMA50, which is giving strong indication of further downtrend. Better to see sell opportunity.
Xauusdbearish
XAUUSD, WHILE BELOW 1915 STILL BEARISH TO TARGET 1889 & 1877XAUUSD reversed and turned to neutral after broke 1948.
Then, quickly turned to bearish after broke 1915.
As I said in the previous idea,
"But, if Break below 1915, outlook bearish , open the way to target 1889 & 1877."
Now, XAUUSD still heading to 1889 & 1877.
Strong Support 1877, if break then cancel medium term bullish: medium term outlook neutral.
Break Below 1877, could open the way to target 1853 & 1818.
Resistance at 1915 & 1948.
Gold ShortHey traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 1957 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
XAUUSD New Year Ranging Bearish Movement!XAUUSD has been on a ranging movement for the last days of the year. Now it starts the year by touching again the resistance area around 1829.28 and had been respected several times.
It will likely to fall once again and continue its ranging motion. Short entries and tight stop losses must be observed during these movements. Happy New Year!
Gold Trend Analysis over H1 ChartContinuing the Bearish Trend, A strong reversal signal after the ending diagonal with a rebound from the Murray level 8/8 and confirmation of the formed H&S gave a very good result! A strong reversal signal after the ending diagonal with a rebound from the Murray level 8/8 and confirmation of the formed H&S gave a very good result!
A descending channel for 18-months with clear turning points shown by technical indicators. From an Elliott wave perspective, the count looks corrective but complex.
XAUUSD, weekend analysis , could be bearish @ end of the weekGold against Dollar , looking bearish towards at the end of the week , a bearish triangle formation this week could result in a downward trend towards the price of 1763..
Analysis only for education purpose
Sellers comingAs we can see that market is rejecting its reistance which is also called double top. Now Gold is moving downward to 1792.
XAUUSD - SHORT BEARISHHello traders, After massive push down for XAUUSD. We see clear supply zone between 1759-1763. I will look for nice rejection from this point to be able to go short bearish. My RRR is 4.7 and target 1726.
Please support this idea with like If you find it useful. The information given is not a financial advice. I'm just sharing my ideas regarding on my experiences and knowledges. Remember this analysis is not %100 accurate. To make decision please follow your own thoughts.
XAUUSD BEARISH ?Hi guys
i want to continue my forecast before
so here we go
as we can see xauusd have a great bullish structure on daily to weekly timeframe
however we know that when the trend is up there are Higher high and higher low
we see that in weekly or daily timeframe xauusd don't have higher low
which mean if we looking at lower timeframe this channel would be great for make gold correction as well
nevertheless this scene can be fail if xauusd breaout 1930
if you have different opinion u can comment below !
