Get started

GC

Daily Analysis of GOLD ( XAU/USD Futures) by ThinkingAntsOkUse this as a guide to develop your view of the chart. Main items we can see: a) We have a clear Weekly support resistance zone that worked as a resistance for a long time before was broken with a bullish movement b) Now item a) is working as a support c) On the Support, we can see a Triangle Pattern that is now completed and close to the breakout d) Our next target for the coming bullish movement is 1900 e) If the price goes below 1663, we will consider this analysis as invalid, and the next target for the bearish movement will be 1515
COMEX:GC1!
by ThinkingAntsOk
Gold, H4 - symmetrical triangle patternThe price of gold has been creating a potential symmetrical triangle pattern. The price is still below its upper limit and above its lower limit. These lines are the potential and nearest resistance and support areas for the market. The textbook target could be set by the height of the triangle pattern. If its upper limit is broken we would expect a rally with the target at 1813 USD. However, if the line drawn through the bottoms is broken then the target may be located at 1593 USD. ________ Daniel Kostecki, Chief Analyst Conotoxia Ltd. Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
TVC:GOLD
by Daniel_Kostecki
GOLD long breakout: retesting the local triangle (Short-term)GOLD /USD Long position after confluence, Triangle breakoutPullback: retesting the local triangle upside: Short-term analysis - GOLD Long position: Confluence rejection: Breakout & Retesting the global Trend-line (99%) As we can realize that GOLD had succeded to breakout the globale triangle pattern after many rejections at the weekly upside of the triangle, it was expected to retest thatTrend what contains now (and before) many pending orders ... to continue at the upside till the 1721 zone and then to the 1736 and so on. ** GOLD has proved now that it have more liquidity to go up for 1736 and the monthly globale UPRANGE! **Instructions: - Always wait for a reversal signal or confirmation before take any trade. - This is an idea to help you make a decision.
TVC:GOLDLong
by MarjaniFX
7
Trade Idea on GOLD ( GC XAU ) by ThinkingAntsOkThis is a setup we are currently waiting, we have already set our Buy Stop orders: Main items we can see on the 4HS CHART: A) The price is above a previous resistance zone now working as a support B) Both the Previous Resistance and the current support have been tested multiple times from both sides C) Currently, we can see 2 corrective structures above the support zone with clear edges D) Now we will be waiting for the breakout of the 2nd structure and we will aim for a target at 1897.00 E) The risk we are taking on this trade is 1% / Remember: you should never risk more than that per trade, that will always protect your trading capital.
COMEX:GC1!
by ThinkingAntsOk
1
New bullish movement coming on GOLD (GC) by ThinkingAntsOkUse this as a guide to develop your view of the situation: Main items we can see on the chart: a) We should Focus on the "Major Support Resistance Zone." b) Take a look at how we can use that support resistance zone as a clear divider for "The price above or below it." c) After the price testing the zone as a resistance we saw a breakout with a bullish movement d) Currently, we can observe that the price tested 3 times the zone as a support e) We can conclude that we are in a strong area and we can see 2 corrective structures (yellow lines) f) Our Analysis is that if the price breaks above 1750.00 we can expect a bullish movement towards the two Fibo extensions g) We will trade this analysis and our TARGET will be 1895.00
COMEX:GC1!Long
by ThinkingAntsOk
1
Gold, D1 - possible irregular or running correctionBecause the price of gold has reached a new high, we have to change the Elliott wave count from a simple corrective pattern to an irregular or running correction. Only in this type of corrective patterns, the new high may be reached as a wave B. This wave also consists of three sub-waves. What is more, the upward movement has stopped at the upper limit in an upward channel. This could be a significant resistance area. Thus, the price of gold may retrace to the lower limit of the channel or even lower to the area of 1565 - 1442 USD. ________ Daniel Kostecki, Chief Analyst Conotoxia Ltd. Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
COMEX:GC1!
by Daniel_Kostecki
Trade Idea on Gold by ThinkingAntsOkWith this post we are not saying, "The price will start a bearish movement" What we want to express here is: IF the price starts a bearish movement (that would mean that the resistance zone was strong enough to make the price Re-enter again), We will trade it in this way. Main items we can see on the Daily Chart: a) The price is on an ascending channel b) Currently against the higher zone of the channel c) On the Same zone, we can see a Huge Resistance zone, that worked 3 times on the past d) We don't know yet if the price is going to break the level and start a new bullish movement or if the price will re-enter again on the range e) IF the price re-enter on the range, we will wait for the breakout of the ascending trendline + corrective Structure f) IF that happens, we will develop short setups towards the next Support zone.
COMEX:GC1!
by ThinkingAntsOk