Gold (GC) new all time highs on the horizon?!?Gold futures are grinding their way back towards all time highs of 1923 on the monthly chart! A break over that level would be bullish longer term!
Gc!!
GC1! ↘↘After we referred to GC1! purchase in the previous analysis . This is the best time to sell, given the low market in the next few minutes.
' Anyone who's interested in my analysis needs a consultant, I'm on duty.'
GC intraday tradingHello traders,
What about Gold Future!!
Let’s assume that GC is taking an upward trend since 5 June. However, GC has broken that line trend down, and it is going again to the previous trading range.
Now, we have signs that GC will increase again (this is for intraday trading) and try to reach level L1, and could break it and reach the trend line.
If these thresholds aren’t reached, we sell at the first red volume and red candle and take profit.
ridethepig | Gold Market Commentary 2020.06.23📌 Surrendering the resistance
=> Buyers taking the highs here would be unpleasant for any bears e.g those betting on the double top and everything is roses on the risk and economy front. From a timing perspective, with witching cleared and value Quarterly/Monthly end rebalancing underway we can be comfortable with the link to Gold.
In this position which has now arisen, buyers can, after dips continue adding longs.
Since after the covid demobilisation we can expect a sovereign debt crisis. For that to happen the following conditions have to be met:
" Protectionism is a serious error. There is no yellow brick road to success with protectionism, and it is no surprise the US via media manipulation have the masses deluded. This is a necessary component to the makeup of the next economic cycle ; but it must be in balance, any overshoots or undershoots will destroy the effectiveness in manipulation.
Those with a background in fixed income will know alarm bells are ringing louder than usual in bond markets with wages ticking higher than mortgage rates. This is not sustainable and when danger threatens and the crowd does not smell it, don't stand like a sheep, rather run like a deer.
This constellation gives rise to the most interesting of struggles for long end bonds. I would like to offer a final way to track the destruction and recommend to keep on maximum alert. Let us wrap this up with a diagram:
As usual thanks for keeping the feedback rolling, whether its 👍or 👎!
GC1! ↗↗ With my humble experience, it seems to me that GC1! will rise in the next few minutes.
Anyone who's interested in my analysis needs a consultant, I'm on duty.
GOLD #XAUUSD $GC - 100 pips secured, more upside on the cards?CMP 1785
1800 target would be healthful
GOLD - $1775 lets long this into 1780/90/1800+1775 current poi Im a established gold bull and I see a strong start to Q3 for the precious metal
Trade is invalid below 1770 which is a -50/60 pip SL depending on entry price
1:1 / 1:3 / 1:5 profit targets scale them out according to your plan
make sure you book some profit at last weeks highs and 1800 mpp
gold and EMA200 GOLD like DAX is very sensetive to EMA60-EMA1440 (exponential moving avrage 200) other not important
you must put EMA200 on your chart (use MTF MAindicator ) like mine on chart
in metatrader find this indicator = MTF ma
GC1! in case ↘↘Depending on a lot of sign GC1! going to be With a huge endurance decreased and it's the perfect time to sell.
GC1! ↘↘After we referred to GC1! purchase in the previous analysis . This is the best time to sell, given the low market in the next few minutes.
' Anyone who's interested in my analysis needs a consultant, I'm on duty.'
GC1! ↗↗With my humble experience, it seems to me that the GC1! will rise in the next few minutes.
' Anyone who's interested in my analysis needs a consultant, I'm on duty.'
Two key levels to watch on Aug Gold Futures - 1,775 and 1,765
1,775 is a near term level that formed over on the 1-hour time frame. Price tested this level on June 30th (yesterday) and held above. If we see a break lower, then this is an indication that buyers remain weak.
A more critical level to watch is the 1,765 as this formation originated back in April and has been holding up since. You can see take a look at the 4-hour chart below showing the formation of this level. Every time price has broken above, it quickly trended back below. If this level continues to hold up, we can remain bullish on gold.
GBPCAD Buy opportinutyGBPCAD created higher low on h1. Sitting at weekly supp. Just taking it to next key levels.
Gold - Buy/Sell pointsNow that Gold is breaking out, all focus goes to the 4hr chart.
I'm trading E-micro Gold futures ($/MGC), 2 contracts at a time.
Strategy is to hold 1/2 position all the way up to $1,880 target.
Day/Swing trade 1/2 position on the way up.
I'll update my markers where I buy and sell moving forward.
Links below show where I started building position.
Stay Black.
GC: Gold is Rising to All-Time HighsGold futures contracts GC have been rising on ongoing worries about economic recovery and unlimited QE. Further price advance is expected, possibly above $1900. Current chart shows negative divergence between RSI and gold price. However, the rally is still strong, targeting $1800 - $1825 level. A near-term pullback into $1742 area may offer a better entry point for a long position.
GoldGold priced in Aussie Dollar, Yen, and Euro all well above their respective 2011 or 2013 highs.
With all the "dismantling" of the US dollar talk - a weak dollar would certainly aid Gold's move to new all-time highs.
For the past 2.5 years, we've seen a strong dollar and strong precious metals market. USD rolling over, could be the boost this space needs..
take care for yourself - Gold downDespite the long time spent trading gold horizontally,
Although there are many components available to launch it strongly during the last period,
However, he was unable to do so, his last attempts were today
This clearly confirms the weakness of gold
Therefore, a strong drop in gold is expected
The stopping point is $ 1789
The expected first drop target is $ 1,300
Good luck
I am glad your interaction with me
Potential double top on the H4 Time-frame - Weekly analysis1760-65 could be the best sell zone, but there's no sign of a valid strong rejection candle yet. This week we all waiting for a robust incoming catalyst; US Flash PMI, Final GDP, Jobless claims, Bank Stress Test Results, and the US PCE
The previous analysis (June 19, 2020) failed, last week Powell gave a strong reason for Bull to hold their trade over the weekend. Last week before the market closed, we tried to sell at the sketchy trendline 1743, but unfortunately, the market was open with a gap up to 1750 as I predicted.
PS: This analysis fail if the H4 candle can breakout and close above 1765. Please don't trade this analysis blindly
