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Weekly Analysis 29th Nov - 4th Dec - horizon after Black FridayFriday's Black Friday introduced significant valuations also on the markets and we met with large anomalies also from the perspective of the Option flow, which we automatically analyze with our software. While we observe a strong directional movement already during the Globex session, it is not worth fighting the trend and it is much safer to try to join it wisely. Anyway, the Gamma Intraday strategy assumes that in the event of breaking the extreme level, we do not fight the trend but try to join the movement. Gamma -1 was broken in the markets during the Overnight / Globex session. From a medium-term perspective, it's worth going back to the Virgin VPOC levels to assess the potential for moves. The market will try to retest them, the only question is when it will happen. Let's look at the situation on the main instruments: DAX - a clear downward trend that was deepened during Friday's session. The price is close to the 14946 level, so it should be retested sooner rather than later. The remaining Virgin VPOC levels are above the current price, showing upside potential on the German index - starting at 15,909 with a potential to 16,158. S & P500 - Friday's panic on the American stock market may only be the beginning of the sell-off. It has been known for a long time that the FED has been pumping sky-high amounts of money for a long time, which causes continuous increases in the S & P500. From the Virgin VPOCs perspective, there is a lot of potential for declines through 4471.50, 4310.25 and ending at 4234.25. This does not negate long-term gains, but it is definitely worth keeping an eye on the downside opportunities. Gold - despite declines in the main stock exchange indices, we would expect gold to increase significantly in line with the inverse correlation. However, we saw a moderate drop in price on Friday's session and only the end showed the demand entry. Relatively close is the 1763 level, one of the Virgin VPOCs below the current gold price (at the time of writing). The growth potential of Gold looks much more interesting due to Virgin VPOC points at 1817.2 through 1863, 1875.7 with potential at 1885.2 Crude oil - a clear discount on "black gold" on Black Friday, which will surely please drivers at gas stations;) From the perspective of potential, there is a lot of room for growth, with the price reaching 81.37 and 84.22.
EUREX:FDAX1!
by skyline-trader
DeGRAM | GOLD forecast for the week. Shake-up. Short Gold is shaking up the resistance of the global downtrend channel. After hoping that the price is starting to recover, it is driven back into the downtrend. Well, since the price made a false breakout of resistance, we can only expect a fall. I am waiting for anchoring below the level. As a result, it turns out that the local trend changes its direction to a downward one, which coincides with the global one, and according to the situation, this tandem can give a strong downward movement. I look forward to the fall of gold. At the moment, the key point is support for 1751 ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
OANDA:XAUUSDShort
by DeGRAM
6
+1,800 Ticks Bullish GC One HourThe GC one hour time frame is in a short term down trend. The market is making lower lows and lower highs. The market is hitting the long term up trend line from the daily time frame which means the buyers have a strong chance to take control and push the market up. It will be a good idea to wait for the market to enter into the buy zone and break and close above the short term down trend before looking for buying ideas. Entry: Counter trend line break bullish in the buy zone. STOP In the sell zone LIMIT: 1977.4 Once of if the bullish trend starts on the one hour time frame, we can use up Fibonacci's to find a closer limit Once or if the market enters into the buy zone off the one hour time frame. It will be a good idea to turn to the five minute time frame and to look for tunnel trader long / destination trader long opportunities towards the daily limit price point 1977.4
COMEX:GC1!Long
by JoshuaMartinez
2
This is how we will be trading XAUUSD. Full explanation.Today we will share a pending setup we have on XAUUSD Whenever the price has made content with the major support level around 1680, we have observed bullish impulses towards the following resistance levels. The extension of those impulses varies; however, the minimum distance was the last impulse (minor resistance zone). With that said, we expect a bullish movement towards 1950, with a break-even level (this means we move our stop loss to the entry point) on the mentioned minor resistance zone. From a technical perspective , the price has broken all the descending structures (you can count three) and is currently above a resistance zone, now working as support. Last week we defined the scenario we wanted to see before trading, and now that filter has been fulfilled, and we will proceed with our plan. On the 1H chart, you can have a better idea of the setup: Our stop loss Will always be below the full structure, and our entry-level will be above "B." If the price keeps falling, we will keep moving our stop loss until our risk to reward ratio equals 1.8. Beyond that, we will cancel the setup. The risk we will be taking on a setup like this is 3% of our capital on the stop loss, and the expected duration of the movement is between 25 and 35 days. The odds of this setup being successful is around 50% based on our historical track record. This is why it is so important to have Rist to rewards ratio ABOVE 1.8 Thanks for reading! Please share your view and charts in the comment box!
OANDA:XAUUSDLong
by ThinkingAntsOk
3
Gold Breaks DownGold has retreated from highs in the mid 1800's to support at 1836. This was a level we had been identifying for the past few reports. We are starting to see two green triangles forming confirming support. Gold had held the range between 1851 and 1876 for the past few days, and a breakout either way was imminent. The Kovach OBV has turned bearish, which was a good indication that a breakdown to lower levels was in order. We should see good support at 1836, but then 1826 and 1815 will provide support if this breaks. 1851 should provide strong resistance, if gold catches a bid.
COMEX:GC1!
by quantguy
Technical analysis update: XAUUSD (10th November 2021)Today gold broke above important resistance level at 1835 USD and reached temporary high at 1868.626 USD per ounce. Breakout above 1835 USD resistance is particularly bullish development for gold as we noted in our previous ideas. We anticipated this move for a while now; and we stated that once this resistance level was taken out, then resumption of an uptrend in gold would follow. We continue to mantain this notion and we are very bullish on gold. We will observe price action in the following days and we will look whether gold manages to stay above 1835 USD level which currently acts as short-term support. Our short-term price target of 1850 USD was taken out. Because of that we would like to change our medium-term price target of 1875 USD to short-term price target. Similarly, we would like to change long-term price target of 1900 USD to medium-term price target. Technical analysis - daily timeframe RSI is very bullish. We will observe it for strength to perform crossover into overbought territory. We expect such phenomenon to be accompanied by further rise in price. MACD and Stochastic are bullish too. DM+ and DM- also started to turn bullish. However, ADX signals that trend continues to be neutral. We would like to see ADX start growing as it would confirm resumption of an uptrend in gold. Despite that we are very bullish on gold and we expect price to continue climb higher. Gold broke out above the neckline of inverted head and shoulders pattern we showed previously: Neckline coincided with previous resistance level at 1835 USD (which now acts as short-term support). Technical analysis - weekly timeframe RSI is very bullish. It still has plenty of room for growth. MACD performs bullish crossover above 0 points which is very bullish. This could coincide with resumption of an uptrend of higher degree. Stochastic is also very bullish. DM+ and DM- are due to perform bullish crossover which would further bolster bullish case for gold. ADX is very low which is aligned with daily timeframe. Our previous idea from 8th November 2021 Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
8
DeGRAM | GOLD forecast for the week. Target - 1902Gold breaks out the descending channel and is in the long zone relative to the previously broken level. The price starts to roll back to the level, it is important that the price does not return to the trend boundaries. Important level - 1830. Strong support. I expect the price to test this level and consolidate above this level. The main target for this scenario is the resistance level of 1902 ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
OANDA:XAUUSDLong
by DeGRAM
3
GC Daily hit TargetGC Daily time frame hit the Fibonacci Limit. It will be a good idea to wait for a bearish pullback and look for buying ideas when the daily time frame is at a low price with a projected limit towards the next Fibonacci Extension. The GC daily time frame is in an up trend. The market is making higher highs and higher lows. The market just hit the daily up Fibonacci extension price point 1871.6. According to the research the market has a high percentage chance of forming a high price and pulling back. It will be a good idea to wait for the market to pull back near the daily up trend line before turning to the one hour time frame and looking for buying ideas.
COMEX:GC1!Long
by JoshuaMartinez
3
My filter before developing setups | Gold FuturesToday I will share the filter I have before taking a new setup on the precious metal. The key idea here is that every time the price was on a bullish trend, we observed clear corrections on the way to the final target. We have defined all the cases; we will trade case 4 using the three previous situations as models. The main characteristic we observe once the price takes inertia in our expected direction (bullish) is to observe corrective patterns from 4 to 9 days before the new impulse. So what I did was look at them on the 4HS chart with the idea of having an objective parameter to execute setups on all of them. CASE 1: CASE 2: CASE 3: As you can see, all the structures show an ABC pattern that helps us define the exterior edge of the structure. Once that is clear, we can define pending orders above B and set our stop loss below C. What about the target? In the previous scenarios, all of them reached a target with a 2.5 risk to reward ratio except for the last case that reached 1.8, and then we saw a total reversal. In this scenario, our final target is around 1960, with a risk to reward ratio of 2.3 The only place where we may observe reactions is on the previous resistance level of the previous trend. That may be a place where we want to protect our setup, moving our stop loss to break even. The expected duration of this setup is less than 25 days once it is executed The risk I will be taking is 3% of my trading capital on the stop loss. Thanks for reading! feel free to add any idea or chart about this setup on the comments
COMEX:GC1!Long
by ThinkingAntsOk
6
DeGRAM | GOLD forecast for the week. Target - 1902Gold breaks the downtrend for the first time and tries to reverse the global downtrend. An impulse of 2.2% of the price is a fairly strong move, which indicates a positive bullish sentiment. I think that after a strong movement there may be a rollback to the previously broken support level and continued growth. Ahead of gold is a key strong resistance level of 1902, which is very important for a huge number of traders. I am determined to expect the rise in gold. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
OANDA:XAUUSD
by DeGRAM
9