Gold/XAUUSD SHORT/ SELL
🔰 Pair Name : XAU/USD
🔰 Time Frame : 4H
🔰 Scale Type : MID Scale
🔰 Direction : SELL
In our last analysis, we observed large market imbalance. Although the hourly 4 chart remained oversold, the current imbalance still unfilled fully. The short-term trend remained open to the downside, with buyers taking on substantial risks.
We implemented our strategy of selling at every high in gold, aiming for a target of $1,900.80. We anticipated that if the support level at $1,918.80 was breached today, more sellers would emerge, supported by increasing volume favouring selling.
The intra-day commentary highlighted a bearish reversal on the daily chart, confirmed by the first bearish candle with a decline of 0.51% and low volume. Although the support at $1,918.80 was broken, a new bottom formed at $1,915.80 to $1,917.80. The weekly chart indicated lower highs, suggesting a short-term target in the range of $1,882.80 to $1,892.80.
From a technical standpoint, the weekly bearish chat indicating a fully bearish medium to long-term trend. Notably, a cycle of higher highs rejections on the weekly chart has historically led to multi-month bearish cycles in gold.
We also considered the impact of the Dollar Index (DX), which also has been on an uptrend, potentially counterbalancing the reversal possibility in gold.
🔰 Time Frame : 4H
🔰 Scale Type : MID Scale
🔰 Direction : SELL
In our last analysis, we observed large market imbalance. Although the hourly 4 chart remained oversold, the current imbalance still unfilled fully. The short-term trend remained open to the downside, with buyers taking on substantial risks.
We implemented our strategy of selling at every high in gold, aiming for a target of $1,900.80. We anticipated that if the support level at $1,918.80 was breached today, more sellers would emerge, supported by increasing volume favouring selling.
The intra-day commentary highlighted a bearish reversal on the daily chart, confirmed by the first bearish candle with a decline of 0.51% and low volume. Although the support at $1,918.80 was broken, a new bottom formed at $1,915.80 to $1,917.80. The weekly chart indicated lower highs, suggesting a short-term target in the range of $1,882.80 to $1,892.80.
From a technical standpoint, the weekly bearish chat indicating a fully bearish medium to long-term trend. Notably, a cycle of higher highs rejections on the weekly chart has historically led to multi-month bearish cycles in gold.
We also considered the impact of the Dollar Index (DX), which also has been on an uptrend, potentially counterbalancing the reversal possibility in gold.
การซื้อขายยังคงดำเนินอยู่
บันทึก
บันทึก
Price will retrace back to 1930.2-1930.4 before going down again. You can sell from thereบันทึก
Appropriating selling areaบันทึก
บันทึก
there we goปิดการเทรด: ถึงเป้าหมายการทำกำไร
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน