Gc!1
Good time for taking Profits GC (GOLD Futures) by ThinkingAntsOkWith this post, we don't want to say that Gold cant keeps rising, the idea we want to give is:
a) If you have opened positions on the previous corrective Structure, then you have a good market movement in your favour
b) If your current risk-reward ratio is above 1.5, then it is a good level to take profits
c) The reason is: we are in the all-time high zones, and it is uncertain how the price can behave here
d) Our approach is always to close positions on relevant support resistance zones, and then wait again for a clear corrective Structures like the 2 that you can see on this chart.
Gold / XauusdGold / XAUUSD Technical Analysis
After the uptrend move in November 2018 we entered a bow tie diameter. This uptrend can be considered as a large C-wave branch. Wave C itself is a dual-diameter + flattened and possibly a short zigzag combination that can temporarily end a 2-year gold ascent, and in the $ 1,500 gold time frame, it can fluctuate for several months.
By WinXSell
Gold / XAUUSD Analysis Using Neowave Strategy
Is gold ready for a major correction ?1860 is the 100% Fib extension. I reckon XAU needs a major correction, at least to the "potential target 1", an excellent risk-reward ratio for sure.
This analysis fails if it can break out and close above the 100% Fib extension.
PS: Please don't trade this analysis blindly, do your research before you enter the trade. I'm too busy with my clients, and I'm not going to share the updates.
Best Gold Trading IdeasGold is continuing the sideways Elliott Wave that we have identified last week. It has tracked our prediction almost perfectly. If we are right, expect another dip to 1795 or 1787. Although we are still bullish of gold, GC is trekking in the vicinity of all time highs, so watch for some more ranging before breaking out further. The Kovach Momentum Indicators are both oscillating, meaning there is some ambivalence here, and a trend has not yet been established (on 30 min charts.).
Gold showing strengthGiven weakness of dollar and necessity to hedge against the overextension of equities (which are really driven by FANGMAN, very weak this week), the 'pet rock' is showing strength.
Since Tenkan crossed Kijou over the Kumo on June 19, the uptrend has been sustained, and another push towards 1850s is possible, especially as daily RSI remains above 60
Great Canadian Gaming - Bounce TargetsChart speaks for itself.
Perfect bounces off of key fib levels. A bounce close to the .618 fib level would line up perfectly with the upper trend line of the channel along with the 200EMA.
GC was not the most volatile stock but was a cash cow pre-covid with great margins and growth.
Will continue to look for great buy opportunities even if we break below the bottom trend line of the channel.
Massive volume spike but not too much of a price move which could be a signal of strength.
GBPCHF AnalysisHey guys i just wanna say that i base my analysis on price action and its what i see its the same thing i analyse, i maybe wrong i maybe right and y'all know how the market can be
so some workout others go wrong, we learn through our mistake or so i heard.
To The Analysis
Looking at the charts GBPCHF just hit a support level so we'll expect abounce to the upside, there's a trendline we'll have to wait to see if it touches it and bounce downwards or
it can crash the trendline and continue but still there's a resistance level, so patience is the play, but either way i'll be expecting a bounce off from either the trendline or the resistance area.
On the way to the next Resistance GOLD Futures by ThinkingAntsOkMain items we can see on the chart:
a) After a long time above a support zone, the price formed a clear corrective Structure
b) The Corrective Structure was broken with a bullish movement
c) Our main target for this movement is the next resistance zone at 1900-1915
d) Currently, the price is on its way to the Target
e) However, in our experience observing GOLD, we have seen that middle corrections happen on the movement towards these type of targets. So, expect one before opening new long positions if you couldn't open positions yet.
GC keep pushing upHello traders,
After yesterday’s record, the Gold future seems to continue in its increasing trend.
Right now, we have a green high volume that is a sign of a new impulse. GC seems attacking a new target level price.
So saving our buying position seems a good choice.
for intraday trading, we sell at the first red volume and a red candle.
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.