Gold Price is starting to look weaker. Hourly Chart.

https://www.tradingview.com/x/QQSpoWdC/

See in this hourly chart for XAU-USD earlier in the Asian Monday session price fell through an hourly trend line (yellow) and then falling straight through the Ichimoku Cloud.

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Short Trade in Gold XAU USD
Sell Market Price 2630-2640
SL:2671

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Everyone is buying up the USD today so shorting Gold cant be a bad thing

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Let's try for a Take Profit of 2613 which is also the Anchored Volume Weighted Price (Mean)

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Price is inside a big falling wedge and price currently only retracing a bit.

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Gold still wanting to rally & probably due to stimulus measures announced recently in China.
I see the Gold price filling in the 'back-side' as shown in the chart below.
There is a fairly loose Stop loss on this trade 2671. So over the coming sessions and days I see this Short trade working down into the zone. Or take profit at around 2613

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I will stay Short in trade of Gold. Price has not been able to rally much above 2630. Price will eventually test the mean which is the Anchored VWAP.
Here is the gold chart for the month of September.

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Gold Trade: Sell XAUUSD 2652 to 2644
Stop Loss: 2662

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TP: 2615

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Another possible trade zone to Sell
Sell 2644 to 2647.50
SL: 2650
TP: 2615

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Im hearing it wont be a long Gold short. They will turn it around soon to go long. Take Profit, 2635

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The non -farm payroll numbers were good for the American company, so it probably makes sense to be catching a LONG today. Apologies for that first mess of a trade.
BUY XAU USD 2641-2645

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American people' maybe sounds better.

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Stop loss: 2631.95

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This is the current chart for Gold on a very low time frame 3 minute.

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Price looks to be breaking out now.

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BUY 5704 to 5706
SL: 5699

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Take Profit:
Sell Half at 2744 to 2750.
Price will naturally test the previous high 2750.
Sell half and wait for a break through 2750.
Safest option. See the lot at about 2745

Nota

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That last leg down was an exact 50% retracement top to bottom. Expected with these higher high prices for gold, at the cheaper 50% price new buyers would've entered to keep this trade going. But lock in profits if you have them at any sign of weakness in the gold price.

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