How to Manage Gold RisesGold is likely to continue its upward trend.
And how I have been managing it both as an investor and a trader for the Gold. I hope this tutorial will be helpful for two groups of people:
1. Those who already have some positions and would like to know how to accumulate more, and
2. Those who do not yet have a position but are considering getting in and trading it, though you may be worried about entering at a peak, as gold continues to reach new highs.
Micro Gold Futures & Options
Ticker: MGC
Minimum fluctuation:
0.10 per troy ounce = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Gc!1
Smart Money Positioned to SHORT Gold - COT StrategyDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.
COT Strategy
SHORT
Gold (GC)
My COT strategy has me on alert for short trades in GC if we get a confirmed bearish change of trend on the Daily timeframe.
COT Commercial Index: Sell Signal
Valuation: Overvalued vs Treasuries
Extreme Positioning: Commercials around max short of last 2 years = bearish.
True Seasonal: Seasonal down to October.
Supplementary Indicators: %R & Momentum (not yet confirmed)
Remember, this is not a "Short Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the downside, which we will participate in with a confirmed Daily trend change to the downside.
Good luck & good trading.
Downside Ahead for Gold - COT Strategy SellDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.
COT Strategy
SHORT
Gold (GC)
My COT strategy has me on alert for short trades in GC if we get a confirmed bearish change of trend on the Daily timeframe.
COT Commercial Index: Sell Signal
Extreme Positioning: Most short Commercials have been since January 2021. Large specs longest they have been since March 2020.
OI Analysis: Price upward consolidation since April has seen Commercials heavily selling = bearish. Large Specs at longest positioning since March 2020 = bearish.
Valuation: Overvalued VS Treasuries
True Seasonal: Strong seasonal tendency for gold to go down in September
Spread: Bearish spread divergence
COT Small Spec Index: Sell Signal
Supplementary Indicators: Acc/Dist, %R & Stochastic Sell Signals.
Remember, this is not a "Short Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the downside, which we will participate in with a confirmed Daily trend change to the downside.
Good luck & good trading.
SPY/QQQ Plan Your Trade 8-27 Update : Possible Long Squeeze EODToday's SPY Cycle Pattern should reflect a decidedly bearish overtone to price action. The fact that we opened with a GAP downward and have waffled around just above yesterday's closing price does not really excite me.
I see price failing and waffling around in "no man's land".
This video covers the SPY, Bitcoin, & Gold.
Stay agile. I see the markets rolling downward into the end of the day today - but I could be wrong.
Get some.
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SPY/QQQ Plan Your Trade For 8-27: Close-1 GAP Trend PatternToday's pattern suggests the GAP Trend portion reflects whether today's open is above or below yesterday's close.
If today's open is above yesterday's close, then I would expect a higher opening GAP leading to a fairly strong rally phase today.
If today's open is below yesterday's close, then I would expect a lower opening GAP leading to a fairly strong selling phase today.
These types of patterns do not often reflect a reversal bar - although reversals can happen.
Overall, I believe the bias is still to the upside. But I also believe price is consolidating in early trading this week and needs to continue to consolidate before attempting to rally again later this week (Thursday/Friday maybe).
So, I would not be surprised to see price stall out a bit today.
Let's see what happens. We may see a bit of a rally or sell-off depending on where today's opening price is and if we see any substantial Opening GAP. The bigger the GAP, the more likely we are going to see price trend.
Get some.
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SPY/QQQ Plan Your Trade For 8-26 : BLANK SPY Cycle PatternToday's blank SPY Cycle Pattern means there is no definition for today's pattern in the pattern library. I will dig into this a bit further.
At this point, when we get blank days, it is usually a fairly rare and uncommon pattern that may not develop very often. That makes it hard to identify if there are not many reference points to determine what type of price action to expect.
Still, I go into detail related to what I believe will happen over the next few days/weeks for the SPY, Gold, Bitcoin and provide a series of opportunities for traders in this video.
Remember, it is not about trying to force the markets to make a move. Often, we have to sit back and wait for the next big opportunity to setup.
I believe the next 5+ trading days will present a moderate melt-up in the SPY and Gold. I believe Bitcoin will stay rather flat after the rally over the past 3+ days.
This is why I believe the markets are transitioning into a bigger breakaway phase setting up for Sept 4~10. Thus, I believe traders need to prepare for that bigger move over the next 5~7+ trading days and stay cautious right now.
We are going to move into a consolidation/peak/top phase near Sept 20~25. So, this next rally phase only lasts from Sept 5th through Sept 21 - about 10+ trading days.
Heads up.
Get some.
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SPY/QQQ Plan Your Trade 8-23 Update: Gold Rips - SPY StallsHere is a quick update related to the post-Powell expectations.
I still believe the SPY will consolidate through most of today and move into a broader rally phase next week and into early September.
Gold is RIPPING higher after Powell's comments. I expect Gold to try to break above $2600 next week.
Bitcoin is still struggling to break above the $63k level. It may make a move next week. Time will tell.
Follow my research.
Get some.
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SPY/QQQ Plan Your Trade For 8-23 : Harami Inside PatternToday's SPY Cycle Pattern is a Harami-Inside pattern. This suggests the SPY will stay rather muted today - trading sideways and likely staying between 557-560. I believe the SPY will trend upward a bit and try to close near 560.
I don't believe we'll see any big trends today - mostly just sideways consolidation.
Gold will likely attempt to move above $2450 - attempting to regain support above $2535.
Bitcoin will stay somewhat flat - probably below $61.5k as the big move won't happen till next week.
Today may be more of a "go golfing" day.
Literally, the SPY/QQQ/Gold/Bitcoin will probably stay in a very narrow range today - moving into a bigger trend next week.
Get some.
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Gold Wash-out Low after Flag Apex. Need To See $2540+ On Close.Watch this video if you are trading gold. With a perfect Flag formation and a deep washout-low rotation, we need to see Gold rally back up to near $2540 to reach the Apex level again.
Any continued price weakness will show Gold may be attempting a deeper pullback after reaching $2570.
I believe Gold will settle very well into the end of the day. Possibly even reaching $2550+.
But, this is news-driven. This move is related to the geopolitical events taking place in Taiwan and other areas of the world.
Buckle up. Gold wants to move above $2602 - but it will be a struggle from now on.
Get some.
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SPY/QQQ Plan Your Trade For 8-22 : Flat-Down PatternToday's pattern suggests the SPY/QQQ will stay within a flat/downward type of price trend.
In this video I cover Gold, Bitcoin, and the SPY.
What I see is a consolidated flagging formation across many markets. As I suggested early on Monday - this week may be the week to go golfing or find something fun to do as it appears the SPY/QQQ and other are simply trading sideways (flagging).
We'll see how things play out today.
I would not be surprized to be saying the same thing tomorrow morning.
As we close out the week, get ready for a bigger price move into late August/early-September.
Get some.
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SPY/QQQ Plan Your Trade Update 8-21 : Markets Top & StallAs I suggested in Monday's video, the SPY Cycle Patterns predicted today's TOP more than six months ago. Tomorrow's inside/harami pattern suggests the markets will stall out the rest of this week.
I urged traders to prepare to wait out this week and sit on the sidelines. When the markets stall like this, it is best to avoid trying to trade in tight ranges. Wait it out and maybe pick out a few great swing trades for next week's rally phase.
This update shows you why Bitcoin, Gold, and the SPY/QQQ will continue to stall and stay in a sideways price trend.
Get some.
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SPY/QQQ Plan Your Trade For 8-21 : Top Pattern Today.I expect the SPY to move into a moderate bullish price phase, attempting to peak somewhere below 561-563, then roll into a moderate downward price trend - possibly ending the day near 553-556.
Why do I expect the SPY to roll to the downside after peaking today? My SPY Cycle Pattern shows a TOP pattern today.
Top patterns usually start with a moderate uptrend, leading to a peak in price, followed by a moderately sustained pullback/downtrend.
The 553-556 level is the nearest moderate support level.
The 561-563 level is just above yesterday's high and well into the SPY upper GAP window, which will likely act as resistance.
Buckle up because we are moving into at least 2~3 days of trending sideways before transitioning back into the rally phase.
Gold may attempt to move above $2570 today.
Bitcoin needs to find support, otherwise a breakdown in price in likely over the next 3+ days.
It should be fun to see how things play out this week.
SPY/QQQ Plan Your Trade 8-20 Update : No Bozu YetPrice needs to make a move if we are going to see a Bozu Trending bar today.
The levels I drew in the morning video were perfect (so far). We have seen the SPY do nothing most of the day and that means price is likely shifting away from trending - into Flagging.
My expectations are for price to attempt to setup a high/low range over the next 2~3 trading days, then move into a consolidated/sideways flagging formation.
This is a great time to prepare for the next big move (next week) and to try to plan your trades around this Flag/Base type of formation before the Vortex Rally sends the SPY higher.
This video covers SPY, Gold, BTCUSD.
Get some..
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold