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Gc!1

XAUUSD - Bullish reversal flag pattern playing outThe reversal flag that I identified yesterday has broken to the upside as predicted. Price was being pinched between the descending channel (flag) and the major support trend line and finally broke out of the flag with a strong upside move. In this video I perform analysis on the pattern and the type of further price action I will need to see before I become a buyer of gold. We are not there yet but the bullish case is strengthening!
OANDA:XAUUSDLong
by krugman87
2
GC - No Chance For Gold Anymore.Sounds dramatic? ...I think it is. Every commodity has it's price. But only the one that Humans are giving it. Why has Gold failed so many times to make new highs? Why did the Bank of Canada sold (most or now all?) its Gold in 2016? Yes, I know, we don't trade on fundamentals, but pure price and Action/Reaction. However, sometimes fundamental facts have their merit. Away from the fundamentals and on to the real "meat": The white up sloping Fork projects the most probable path of price. Even the Centerline was hit a couple times, without any clear indication to close or even stay above the balance. Instead price dropped, gone sideways and then it happened...the L-MLH (Lower-Medianline-Parallel) was broken. A simple break by itself is no intention to proceed the journey to the South. But when the L-MLH was tested a couple times, then the time is ripe to bring the wounded booty down to the ground. Like a predator is hunting as economically as possible, saving energy and looking for signs for high probability success, we as Forkers are sitting patient...until the time has come, which is now. Real Forkers are now short this market and stalk the booty until it's out of energy and ready for the final hit... Let's have a feast at the Centerline... §8-) P!
COMEX:GC1!
by Tr8dingN3rd
GOLD likely to breakout before June! Target $1520 (GC1! GLD)Hey, We've long been waiting for this inverse head & shoulders to come to fruition. As we can see, we broke out of the downtrend in 2016 but the 1360-1365 neckline has been tested multiple times. Finally it seems like we're ready to break out, how do we know? 1. The last low has not hit the ascending support of the latest move up. This means it's likely getting closer for a parabolic move. 2. GLD 130 & 131 May Calls are starting to get bought pretty heavily. 3. Consistent new short term highs and lows. I went ahead and started building a GLD call position into the end of today. I distributed them at $128-130 from May-July.
COMEX:GC1!Long
by IdanKoren
Gold - GC 1 hourI have a cool mate in my ForkTrading Group. He is trying things out, ask questions, sends me charts and throws comments in the blog section. Hi has quiet a good eye. And he's willing to learn. Today I got a chart about Gold from him. I gave him feedback, attached with this two charts. This one is a middle view of both. First I always want some context. Especially if I go down below Daily timeframes. And then I look for details. Like the Sine-Wave, Intention, S&R etc. Here's my thinking about a trade in GC 1H: If anything, I would wait for a pullback in this hourly timeframe to go short. What do you think? Post your comment and if you like to learn to earn, get my free ForkTrading BLUEPRINT. P! Emilio
COMEX:GCJ2018Short
by Tr8dingN3rd
4
Gold Future (CME)Double Re-penetration Pattern. Trade setup with Buy Stop position (EP) at 1337.5, Stop Loss (SL) at 1333 and Take Profit (TP) at 1342. Money Management I have 22,800 USD in my portfolio. I can lose 5% of the port which is 1,140 USD. Position Sizing 1 Tick = $100 1 Contract size need IM = $3,850 (I can open not more than $22,800 / $3,850 = 5.92 Cons) It is 4.5 Tick from EP to SL, with 1 Con, I will lose 4.5 * $100 = $450 To lose 1,140 USD I need to open 1,140 / 450 = 2.53 Con Then I will put 2 Contract If I win, I will gain (1342 - 1337.5) * $100 * 2 Con = $900
COMEX:GCJ2018Long
by SuppasitWechprasit
Gold Future (CME)Turtle Soup. Trade setup with Buy Stop position (EP) at 1336, Stop Loss (SL) at 1329 and Take Profit (TP) at 1350. Money Management I have 22,800 USD in my portfolio. I can lose 5% of the port which is 1,140 USD. Position Sizing 1 Tick = $100 1 Contract size need IM = $3,850 (I can open not more than $22,800 / $3,850 = 5.92 Cons) It is 7 Tick from EP to SL, with 1 Con, I will lose 7 * $100 = $700 To lose 1,140 USD I need to open 1,140 / 700 = 1.62 Con Then I will put 1 Contract If I win, I will gain (1350 - 1336) * $100 * 1 Con = $1,400
COMEX:GCJ2018Long
by SuppasitWechprasit