{"id":12232,"date":"2022-07-08T08:34:16","date_gmt":"2022-07-08T08:34:16","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12232"},"modified":"2023-05-11T08:36:47","modified_gmt":"2023-05-11T08:36:47","slug":"xauusd-flash-crash-to-1680-still-possible","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/07\/08\/xauusd-flash-crash-to-1680-still-possible\/","title":{"rendered":"XAUUSD Flash crash to 1680 still possible."},"content":{"rendered":"

 <\/p>\n

Gold (XAAUSD) broke this week below the 30.000 1D RSI for the first time since August 2021. It was only a week ago when we warned of this potential collapse based on the following 1M (monthly) structure:<\/p>\n

\"XAUUSD<\/a><\/div>\n

Now on this 1D time-frame analysis, we see that following the 1D Death Cross (when the 1D MA50 (blue trend-line) crosses below the 1D MA200 (orange trend-line)), this isn’t as unexpected and follows very closely the sell-off Gold had after the February 15 2021 1D Death Cross. As a result, even though the price has crossed below the 2 year buy level (1760), it is very likely to see one last flush to the 1680 Support before a new trend emerges. Especially considering the high volatility that today’s Nonfarm Payrolls report (NFP) usually brings to the table. A consolidation next month within this zone is possible according to the 1M study, so consider the risks when proceeding to long-term buying.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/XAUUSD\/LaaZvIym-XAUUSD-Flash-crash-to-1680-still-possible<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  Gold (XAAUSD) broke this week below the 30.000 1D RSI for the first time since August 2021. It was only a week ago when we warned of this potential collapse based on the following 1M (monthly) structure: Now on this 1D time-frame analysis, we see that following the 1D Death Cross (when the 1D<\/p>\n","protected":false},"author":611,"featured_media":12233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1638],"tags":[],"class_list":["post-12232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12232"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12232\/revisions"}],"predecessor-version":[{"id":12236,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12232\/revisions\/12236"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12233"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}