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GC1! (Gold Futures)

GOLD → Global trend is neutral, local trend is downward FOREXCOM:XAUUSD continues to stand still, as does the dollar. The market is uncertain due to many different nuances, mainly fundamental and political factors. On D1 we can see that gold does not have any definite trend at the moment, on H1 there is a downward range, but it plays a mediocre role. Since for now gold is in the range of 2052 (2035) - on top and 2018(2009) - on the bottom , in our case it is better to look for strong support or resistance levels to trade the strategy inside the range. There are no prerequisites for a breakout of the boundaries at the moment, so with a high degree of probability the market will continue to forge price movement within these boundaries. In the medium term, the further direction will be determined only by the breakthrough of one of the range boundaries, because now it is impossible to say clearly, as a symmetrical triangle is forming globally. Yes, there are prerequisites for both further growth and decline, but we need to wait for actual indications. Resistance levels: 2035, 2050 Support levels: 2025, 2020, 2018 The moving averages indicate sideways movement, which is what we see. An intra-range trading strategy (from strong levels or range boundaries) is recommended. The global trend is neutral and the local trend is downward. TVC:DXY COMEX:GC1! CAPITALCOM:GOLD COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
9
GOLD head downhillWorld gold price stood at 2,020 USD/ounce, down 10 USD/ounce compared to the same hour yesterday morning. Improved optimism has had a significant impact on gold prices. Investors turned their attention to more risky markets such as stocks, causing gold prices to decline. Technical selling and a recovery in equity markets could be the two main factors limiting investor interest in the international gold market. In addition, according to analysts, the gold market is not doing well in the context of investors reducing expectations that the US will cut interest rates, after the US Federal Reserve (Fed) said it needed to monitor more inflation data. before loosening monetary policy. Since then, the USD has remained anchored at a high price, which is detrimental to today's gold price. Gold prices fell about 1% last week, the biggest weekly decline in six weeks. According to CME FedWatch Tool, traders are assessing a roughly 43.5% chance the Fed will cut interest rates in March, compared with more than 70% at the beginning of last week. Investors are now waiting for the US preliminary purchasing managers index report to be released on Wednesday, fourth-quarter GDP data expected on Thursday and personal consumption expenditure data on Friday to confirm. There are more signals about the interest rate direction of the US Central Bank.
OANDA:XAUUSDShort
by Xayah_trading
GOLD → Retests of global support. Where can it lead to?OANDA:XAUUSD opens lower on Monday and is testing 2025 for a breakout. Technically, gold is weaker than the dollar as regulators continue to support the index. Fundamentally, the gold market is only watching the dollar's behavior. The dollar index is consolidating after a micro rally, but both technically and fundamentally the index may strengthen. The market sentiment is changing: traders are now betting that the Fed will not start cutting rates until May, while earlier it was March. Gold is in a key consolidation range: 2052 - 2018 (the boundaries are marked on the D1 chart). Anything can happen in relation to the boundaries (false breakout, rebound), as the market is trying to gather the necessary amount of liquidity by any means. But, if you look closely, you can see that the price is forming a retest of the ascending support line. The chances of the support being broken continue to rise. The trigger zone is below 2018. A break of this support and the formation of consolidation below this level could finally turn the market around and direct the accumulated potential towards a bearish distribution. But! Since gold is currently in a range, we have a resistance level, a break of which could give the market an opportunity for growth: this is the 2025-2030 area. Resistance levels: 2025, 2030, 2035, 2050 Support levels: 2018.5, 2016, 2004 Technically, a bearish trend is forming, on d1 price continues to test support for a breakout on the back of a strengthening dollar. I think such preconditions may hint at a possible fall TVC:DXY CAPITALCOM:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
11
GOLD → Counter-trend correction and a target of 2050FOREXCOM:XAUUSD looks quite strong and on the background of growing dollar index does not give up its positions much. Consolidation in the range of 2069.8 - 2029.6 continues. The dollar index feels overheated but still supported by the US FED & FOMC. Regulators are carefully trying to control the situation and stop any possibility of early interest rate cuts. As we can see, the dollar price is actively reacting to such comments. The index is squeezed between MA200 and MA50 and, in all likelihood, from the support may continue to rise in January-February to the trend resistance, which will have a corresponding effect on the forex market and gold. Gold is trading within the descending price channel and on the background of unstable geopolitical situation, the price is trading calmly inside the range. The logical price reaction to a false break of trend support is a technical reversal is formed and we see a counter-trend correction to resistance. On D1 gold is forming a strong resistance zone formed by several highs ( 2150, 2085, 2070, 2063 ), on the global timeframe, technically and fundamentally the asset looks promising. The current geopolitical situation is affecting the gold price to the upside, but the market is correlated with the dollar index and as long as the latter is strengthening, gold will still react to it. Gold may continue to rise at the beginning of the week for several reasons: - the attacks on Yemen and the response to US vessels continued over the weekend - dollar index closed Friday's session in the correction phase - On the hourly timeframe, gold ended Friday's session with the end of the correction in the 2025 area. The price has consolidated above the psychologically and technically important level, respectively, it will favorably affect the price growth. TVC:DXY COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSD
by RLinda
5
#AU AngloGold Ashanti bouncing off bottom of flat top triangle?Anglo Gold seems to be morphing in the form of a flat top triangle but it is obviously very early stages. We have a 3 bar hold off the bottom trendline, which have on both prior occasions resulted in a fierce rally in price. Should we start to see follow through on Monday with a push above the 3 day highs then we have a really good chance of going to test the top of the range at R375.00. A break of R375.00 would then confirm the flat top triangle breakout with much higher targets in place.
JSE:ANGLong
by MarcoOlevano
1
#DRDGOLD R14.00 a massive level- watch for reversalAfter reaching a high of R24.50 in May 2023, DRD has retraced right back to the change of polarity point and 200 week moving average (green). The level of R14.00 also happens to be the 61.8% fib retracement level joining the swing highs from May 23 and Swing lows from Sep 22. Putting this all together tells me that the 14.00 level is a high probability of leading to a reversal in price and i will be watching this closely in the week ahead for a long entry. Also note the divergence on the RSI which has not formed a lower low in tandem with price.
JSE:DRDLong
by MarcoOlevano
XAUUSD Is this a dead-cat-bounce?Gold (XAUUSD) is on the 2nd straight bullish 1D candle after Wednesday's 2001.50 bottom. With this rebound it has recovered the 1D MA50 (blue trend-line), which it broke and closed below it on Wednesday. However this is the only (so far) divergence from the early 2023 pattern, which started with a massive reversal on the 1811.50 - 1805.00 Support Zone, the rally turned into a Channel Up and then reversed to a Channel Down below the 1D MA50 that hit in succession the 0.382, 0.5, 0.618. As a result, as long as the (dotted) Channel Down holds, we remain bearish, aiming at 1973 (the 0.382 - Support 1 Zone), which is marginally above the 1D MA200 (orange trend-line). Notice also how symmetrical the 1D RSI sequences between the two patterns are. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDShort
by TradingShot
GOLD → Trading within the descending channel GOLD confirms the lower boundary of the channel, forms a false breakdown of 2010 and reverses to form a counter-trend correction. Gold manages to grow on the background of the growing dollar index. Today there is no news that can somehow change the direction. Technically, gold, within the descending range, is heading towards the resistance area of 2042-2048. On the background of the correction, the price is breaking through MA-50 and the strong level of 2025. Ahead is MA-200 and no less important resistance zone 2035 from which a correction may follow with the aim of retesting 2025. Thus, within the range we should focus our attention on the area: 2035, MA-200. Breakout of this zone and price consolidation above it will form a potential for further growth to the previously mentioned target: liquidity and resistance zone 2042-2048. But if the bears sell the price, forcing a breakout of 2025 and consolidation below the level, then in this case, against the background of a rising dollar, gold may head towards the support area of 2004. Support levels: 2025, 2029 Resistance levels: MA-200, 2035 As part of the intra-range trading strategy, the price may reach the trend resistance and test 2048. But, still we have a strong dollar and strong sellers in the market. If the price goes back to 2025, we should be ready for further selling COMEX:GC1! TVC:DXY COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSD
by RLinda
24
GOLD → Price returns to the descending range OANDA:XAUUSD is declining and testing local lows. The market has stopped paying attention to the conflict in the red sea, which is surprising, and focuses its attention on the comments of the Fed representatives, who are quite a lot of speakers and will speak this week. Of the news today, Core Retail Sales at 31:30 gmt is worth waiting for. Analysts expect unchanged data, but Bowman (FOMC) will speak at 14:00 and Williams (FOMC) will speak at 20:00, most likely to comment on the situation around inflation and further interest rate situation. Overall, the regulator is not ready to give up yet and may continue to keep the dollar strong. As for gold, the price is still in a neutral consolidation phase. A breakout of one of the boundaries may determine the outlook and it could be a support breakout. In general, gold is returning to the descending range and testing support levels for the possibility of further decline. Most likely, bears will try to hold their zone, in this case gold may test 2013 within the bearish trend in the nearest future. And in the medium term, target 1994, where there is a huge pool of liquidity. Resistance levels: 2024, 2030 Support levels: 2017, 2013, 2010 As the time horizons are determined both technically and fundamentally, gold may test local lows on the back of a rising dollar COMEX:GC1! TVC:DXY Regards R. Linda!
OANDA:XAUUSD
by RLinda
21
GOLD → How will the news affect the price?FOREXCOM:XAUUSD is updating a low of 2001.9 and forming a correction in a phase of waiting for news to be released at 13:30 GMT. At 13:30 Initial Jobless Claims will be published - analysts expect that the index may show worse data than in the previous period, and also, it is worth paying attention to Bostic's comments (FOMC), who will speak three times today: 12:30, 16:30, 17:05. The FOMC representatives have been making a lot of speeches this week. Technically, gold is forming a correction and consolidation in a low-volatility format, which may last until the news is released. It is impossible to determine the data in advance, but there are assumptions that the dollar index will continue its growth, in which case, gold may continue to fall after a retest of resistance. The moving averages indicate the continuation of the bearish trend. Resistance levels: 2013.7, 2016.8, 2025 Support levels: 2004.5, 1994.7, 1976.2 Technically, gold is in a downtrend and on the backdrop of the news may test resistance to capture liquidity before further declines TVC:DXY COMEX:GC1! COMEX_MINI:MGC1! Regards R. linda!
OANDA:XAUUSDShort
by RLinda
5
XAUUSD: First time under the 1D MA50 Gold broke under the 1D MA50 for the first time since October 13th and turned bearish on the 1D technical outlook (RSI = 41.420, MACD = 1.310, ADX = 35.745). The pattern that has emerged is a Channel Down with the price near its LL bottom. Consequently we expect a short term rebound to retest the 4H MA50 and then a new bearish wave towards the S1 level (TP = 1,980). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDShort
by InvestingScope
GOLD → Correction to previously broken trend resistance FOREXCOM:XAUUSD is declining. Bulls failed to hold the 2050 area, but most likely there is a reason for that: the liquidity zone is near the previously broken resistance, and the geopolitical situation is complicated by additional Fed comments. The dollar index consolidated below 102.6 for a long time and it was logical to realize that the market was unable to go up, until the Fed commented again: "rates should be kept at a high level for some time, it is premature to talk about the beginning of the Fed's rate cut in March". This is logical against the backdrop of the red sea crisis, which is also very much affecting inflation in the world. BUT. It should be understood that this conflict directly affects the pricing of gold. High probability of appreciation of the asset. Technically, gold is declining towards the previously broken trend resistance. The market may be interested in support at 2038.9 - 2032. A false breakdown could form a liquidity grab and a bullish momentum. Resistance levels: 2050, 2064 Support levels: 0.382 fibo, 0.5 fibo (2038.9), 0.618 fibo The growth of gold, as a security asset amid the crisis, may continue after the market retests the previously broken trend resistance COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
8
XAUUSD POSSIBLE 120 pips bullish setupsince last week gold had a very indecisive and unclear price action the overall direction was unclear but since geopolitical situation is getting serious and serious i think we should be looking at the bullish direction. i have found a pretty good scenario with a good entry if a bullish move occurs . First the price reached a daily keylevel and fibbonacci golden zone level then the last 4H candle closed as a doji hammer indicating strength of buyers on lower tfs we can find a formation of an inverted head and shoulder + rsi divergence. i guess the break of the neckline could trigger a bullish continuation towards the 2050s.
EIGHTCAP:XAUUSDLong
by xAB777
GOLD world markets increased slightlyWorld gold prices today (January 16) increased slightly as investors increasingly searched for safe haven assets due to concerns about tensions in the Middle East and new expectations for the US Federal Reserve (Fed). ) will cut interest rates sooner than expected. The Federal Reserve has signaled three potential interest rate cuts this year; Meanwhile, European Central Bank committee members are rejecting the idea of ​​easing in 2024. The ECB's hawkish stance contrasts with the Fed - which is expected to cut interest rates later this year. However, the Federal Reserve is pushing back the timing of its interest rate release. Markets see more than a 70% chance of the Fed easing monetary policy in March. Markets are pricing in six possible rate cuts this year, double what the central bank indicated last month.
OANDA:XAUUSD
by Xayah_trading
GOLD → The price will continue to rise provided...FOREXCOM:XAUUSD formed a rally at the end of last week and broke the resistance of the downtrend. The reason is another armed crisis, but in Southwest Asia. On Monday, the market opened the session with price strengthening and retesting 2058. The mood of the market is such that the price growth may continue in the medium term. There is no sense to pay attention to the dollar now, temporarily the correlation in the pair is decreasing and fundamentally gold looks quite a strong asset. Today the volatility may be lower than the daily average due to the fact that it is a holiday weekend in the USA. Technically, as the market is testing the level of 2050, the price consolidation above this area will form a bullish potential, which in the medium term can push the price to 2070, 2100, 2150. It is also worth paying attention to the moving averages. Support levels: 2050, MA50+MA200, 2039 Resistance levels: 2058, 2064, 2070 The market is testing the support, against which gold can strengthen on the background of favorable fundamental background for the asset TVC:DXY COMEX:GC1! Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
28
XAUUSD First 4H Death Cross in 4 months. Will it reverse?Gold (XAUUSD) followed our January 08 buy signal (see chart below) and rebounded on the 1D MA50, easily hitting the 2040 Target: This time we have a distinct technical formation arising as the pair is forming the first 4H Death Cross since September 28 2023. In fact, the price action is very similar to the Death Cross that was formed a few days prior that (September 14). After a 0.786 Fibonacci rebound, the price collapsed to a new Low. As a result, we see a rise to 2070 (just below the 0.786 Fib) as a realistic short-term action, but below the 4H MA50 (blue trend-line) we will short the break-out and target Support 2 at 1972.40 (just above the 1D MA200 (yellow trend-line)). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
GOLD → Why could the metal's price rise continue? FOREXCOM:XAUUSD closes the trading week above the opening, which is quite a positive sign, as the market has obvious reasons for the rally, which can continue up to 2150. We are living in a time of a 30 year record number of armed conflicts with over 180 clashes. This is all affecting the market, including gold. A recent reason for gold's rally was the military operation against the Houthis in Yemen by the U.S. and the Great Britain for the freedom of the sea route. As part of the rally, the price is overcoming bearish resistance and forming further preconditions for a possible rise. There is not much fundamentally significant news in the coming week, the world is focused on the war in the Middle East, which is still ongoing and the new armed conflict in Southwest Asia. This is pre-determining the medium-term outlook for gold. The dollar has been receiving bullish news for the last two weeks, but continues to consolidate without any bullish reaction under the resistance level of 102.6. The market is probably waiting for downside signals. Gold on the other hand breaks trend resistance, which temporarily detaches the correlation between the assets, hence the format of technical and fundamental analysis changes a bit. The coming week may see a retest of local support before a further retest. Now all eyes are focused on the resistance of the global range 2050-2070 and it is likely that in the medium term gold may break this level and start to form a new global range. TVC:DXY COMEX:GC1! Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
12
XAUUSD Bullish above and bearish below this level.Gold has had the strongest 2 day rally as this week closed since December 14th. This rally was initiated on the MA50 (1d), which is where all (2) Higher Lows of the Channel Up where priced at. Technically this maintains the long term Channel Up but there is also the dotted Channel Down that is intact. Trading Plan: 1. Sell as long as the price doesn't cross over the dotted Channel Down. 2. Buy if it crosses above it. Targets: 1. 1995 (bottom of Channel Down). 2. 2089 (Resistance 1). Tips: 1. The RSI (1d) is about to cross its MA trend line. Every time this happend since October, it has been a buy signal. Please like, follow and comment!! Notes: Past trading plan:
FX_IDC:XAUUSD
by TradingBrokersView
Gold: Recovery? ❤️‍🩹Since yesterday, gold has been moving slightly higher. We're therefore one step closer to fulfilling our primary expectations. We still expect the price of the precious metal to rise further in the course of the turquoise wave B, and the upcoming high should be well above the 4th December high. However, it could also be that the price has already placed the high. This alternative scenario comes into play if the price falls below the support level of $1935 and has a probability of 40%.
COMEX:GC1!Long
by MarketIntel
GOLD → It's a stalemate. The market can grow FOREXCOM:XAUUSD reaches our target, but after a false breakdown of support 2016, the market quickly buys back all the fall. Now the price is heading towards a strong resistance The most interesting thing is that three times in a row the US market received fundamentally bullish news. The TVC:DXY has been in the same place for 10 days now and cannot pass through resistance, which speaks volumes about the state of the index and the mood of the market. The market is overheated and in all likelihood the index is preparing for a decline. Gold is not so eager to react to bearish news and at any opportunity the market tries to buy back the fall. At the moment the price of gold is heading to the resistance of the ascending channel, from here two scenarios can develop: 1) False breakout may lead to a pullback, within which the price may break through 2031.8. Consolidation below this level will continue the correction phase and within the descending channel the price may head towards 2016 2) False breakout will form a small correction to 2030-2031. But, the fundamental background will play its role and the price will start forging resistance retests for a breakout. Breakout of downside resistance and 2038.9 level is a signal and price consolidation above these areas will be confirmation Support levels: 2031.8, 2025 Resistance levels: MA-200, 2038.9 I think that the chance is higher towards the resistance breakout than towards further decline. We follow the price reaction beyond the mentioned zone and wait for confirmation of one or another scenario to open trades Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
13