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GC1! (Gold Futures)

gold 4hour = down move not end, wave 2 will comescheck AC daily , it showed last crash I think gold will go downer ,then will sta4t up trend above Fino 61% I will buy (near 10.000$) and hold it min 1 month if you have old buys, 100% hedge them under red arrow ( never close hedge order first) save in your mind = for 1000 time I say you don't inter gold without pinbar(1h,4h,daily chart) verfy and must must must put SL at pinbar ... . if you don't put/eat SL ,you will margin cal and 0.00 soon or late, SL is base of this game I want you win and profit
FX:XAUUSDShort
by ramin_trader2006
XAUUSD: Shortterm rally but consider last week's 1W MA50 reboundGold opened much higher today in the aftermath of the Israel geopolitics, with a move that has technically corrected the previously oversold 1D technical outlook (RSI = 38.184, MACD = -22.590, ADX = 40.526). Regardless of the fundamentals related to the conflict, the 1D MACD is reversing towards a Bullish Cross from deeply oversold territory and a rally to the 1D MA50 seems a quite probable outcome based on the August and July runs. The target is Fibonacci 0.5 (TP = 1,880) which was reached (even surpassed) on both those bullish legs. In addition, last week's candle closing was over the 1W MA200, after hitting it for the first time in 11 months. This can be a hint towards a potential long term bullish reversal, but what we can do now with such geopolitics involved is take it day by day. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
2
GOLD → New reasons for price movementOANDA:XAUUSD has been forming a small gap since the opening of the session (the situation may differ at different brokers) and essentially continues the move from Friday's fundamental leverage There was quite a lot of news over the past weekend, including a serious conflict in the middle east. Adding to the bullish narrative in the TVC:DXY is another geopolitical factor, the reaction can be seen in the chart below left. The gold market has continued to rally since Friday, but surprisingly following the USD, but there is a reason for this. Since gold, according to most people, is the ideal defense against international instability, the geopolitical factor can raise the prices of this asset, in addition, gold is at favorable levels for buying (not to be confused with short-term trading). From the technical point of view we are interested in the area of 1857 - 1846. The market is forming a consolidation before moving in one direction or another. The price is squeezed between the broken MA-200 and the descending resistance. A breakout of one of the boundaries will provide momentum. (The trading strategy can develop according to two scenarios: resistance breakout or false breakout) Support levels: 1846.3 Resistance levels: 1857.7 The descending resistance line and 1857.7 level will be important for buying. 1846.3 level will be important for selling. Consolidation above or below these levels will form the potential for a move in one direction or the other OANDA:XAUUSD OANDA:XAGUSD COMEX_MINI:MGC1! COMEX:SI1! COMEX:GC1! TVC:DXY CAPITALCOM:US500 Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
26
GOLD → Bounce off support. How long will it last?OANDA:XAUUSD forms a false breakout of support late Friday, after which the market buys out the entire decline and forms an almost bullish takeover, closing Friday above Monday's close and the entire weekly consolidation The euphoria from the NFP (negative news for the dollar), may not last that long, and after a small technical correction, the main movement may continue. There are several reasons for this. The main fundamental background for the dollar index is bullish, Powell (FED) is not going to lose momentum yet, as in every address there are always references to the rising inflation and the tight market, which they are trying to fight . By the way, there are several important news items being published this week. Worth paying attention to: PPI (Mom), FOMC Meeting Minutes GDP, Core CPI, CPI, Initial Jobless Claims The TVC:DXY is forming a correction. The previously broken resistance at 105.272 may be tested soon. Most likely from this level, based on the global fundamental background, the growth may continue, but first we need to wait for the fundamentals of the coming week and a retest of the level from a technical point of view. Regarding gold. From a technical point of view, the market has not reached the mentioned target. I am interested in the 1809 level, below which there is a huge pool of liquidity that beckons market managers. Gold, even with increased liquidity on the news, does not reach this area and reverses. Friday's candle forms the preconditions for the local growth to continue on Monday ( it is worth paying attention to the level of 1829-1830, which can be bought against ). The nearest target for local maneuver is the level of 1856. But in the medium term, I continue to wait for further decline, especially to the level of 1809 and 1800, as the US monetary policy is still tight to reduce the cost of production, so after a small pullback, the growth of the dollar and the fall of gold may continue OANDA:XAUUSD OANDA:XAGUSD COMEX:GC1! TVC:DXY CAPITALCOM:US500 COMEX_MINI:MGC1! COMEX:SI1! Regards R. Linda!
OANDA:XAUUSD
by RLinda
34
XAUUSD Channel-to-Channel Cycles. New Bull or 1700 next?This is not the first time we chart these Cycles on Gold (XAUUSD), as we did our latest study on September 27 (see chart below) and we were quick to catch the break-out sell on the 1W MA50 (blue trend-line) towards the 1W MA200 (orange trend-line): This time though, we add the Channel element as well as the unique US10Y/DXY ratio and the mix proves to be quite accurate. As you see every Channel Down (red) is formed on a rising US10Y/DXY ratio, which is naturally expected as both the US10Y and DXY are negatively (inversely) correlated to Gold. Similarly every Channel Up (green) is formed while the US10Y/DXY ratio gets neutralized. Right now the ratio is on the rise, hence the Channel Down on Gold, and the price hit the 1W MA200 (orange trend-line) for the first time in 11 months (since November 07 2022) and immediately reacted with a bounce. At the same time, the 1W RSI hit the top of the 2-year Support Zone. Every time the RSI hit this Zone, while the US10Y/DXY ratio was rising, Gold started to form its market bottom. The only time this RSI Support Zone got hit and Gold didn't rise was when the ratio was declining (July 11 2022). Right now we have the conditions for a market bottom as the ratio is rising. Next week will be critical as if it closes the candle in green and the RSI reverses, then we can see a 1-month bottom formation that will lead to the new Channel Up. If not, we can't rule a price as low as 1700. ------------------------------------------------------------------------------- ** 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
5
GOLD → Consolidation ahead of #NFP. What to expect?OANDA:XAUUSD has been consolidating for 4 days. The formation is directed to realization at the moment of #NFP publication. The market was in a downtrend for a long time, after which it went into a narrow consolidation, there were no pullbacks at all in the last two weeks Today, at 12:30 GMT NonFarm Payrolls & Unemployment Rate (Sep.) will be published. This is quite important news for short-term forex market pricing. The impact is on the dollar, and from it already on gold. On the chart we see the formation of a long 4-day consolidation in the range of 1828 - 1815. On the daily chart, the maximum decrease in volatility over the last 2 weeks is forming. The consolidation is starting to form a pre-breakout character as this range is forming near trend support and near the key level of 1809-1807. Hence, based on the negative fundamental background and the formation of a pre-breakout consolidation, there is every chance of a support breakout and further decline towards both 1800 and 1775. But there is always a BUT. News is an unpredictable nuance. Negative news for TVC:DXY can give a bullish surge for gold and vice versa. The nuances are shown on the d1 chart. On D1 SMAs are in the phase of signal realization Support levels: 1815.3, 1812, 1807 Resistance levels: 1828, channel border It is difficult to expect something concrete from the news. In the short term there may be a retest of these resistance areas, but in the medium term I continue to wait for the fall OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! OANDA:XAGUSD COMEX:SI1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
41
XAUUSD Big Bullish Divergence. Buy for short term profits.Gold / XAUUSD is consolidating on a Falling Support, while the 4hour RSI is on a Rising one. This is a Bullish Divergence, the kind we saw in August 17th-21st. That was a short term bottom and once the 4hour MA50 broke, a rally to Fibonacci 0.618 was initiated. Wait for it to break again and buy, aiming at 1896 (Fibonacci 0.618), or adjust if the price makes a new Low. Follow us, like the idea and leave a comment below!!
FX_IDC:XAUUSDLong
by TheCryptagon
11
What's a Tea! Fed Policy Expectations Plunge Gold to Key SupportGold declined marginally by 3% in September hitting its major support of 52 weeks SMA, in the face of higher long term Treasury yields TVC:TNX and a stronger Dollar index TVC:DXY . Sentiment remained weak for most of the month as ETFs continued to lose AUM while COMEX managed money net long futures positions fell to a five month low previously in August 2023. 👉 Since July, long-dated yields have risen faster than short-dated yields, meaning the yield curve is exhibiting a "bear steepening", something often seen during a reflationary or early business cycle period. 👉 Following this thesis, lets compare 13-Weeks Treasury Bills Yield CBOE:IRX.P that jumped in 3 months from 5.150 to 5.330 only, and 10-Years Treasury Notes Yield TVC:US10Y with gains from 3.820 to 4.630 at the same time. 👉 While gold tends to underperform risk assets during these periods, it is not common to see bear steepening this late in the business cycle and recent moves in yields may be masking other factors at play, such as higher risk premiums 👉 Soft US economic data suggests also that a slowdown is still likely, which, alongside a potential change in the shape of the yield curve, could signal an environment where gold has historically performed well. Yields take center stage 👉 August and September were challenging for gold. After dipping below US$1,900/oz, it staged a late recovery – around the Fed’s Jackson Hole annual symposium, than turned more down after Fed's September Meeting to finish September down approximately by 3 per cent. 👉 The US Treasury yield curve is arguably the most important financial indicator around, and its trajectory and shape are constantly under scrutiny. Most of the time (90%) it slopes upward as investors need to be compensated for lending their money for longer. But at these times, it inverts. As it has since July 2022, suggesting bond market participants are waiting Fed's monetary policy tightening continuation. Lets Compare Gold Spot in U.S. Dollars (RHS) vs. 6-Months Fed's Policy Expectations based on Jun'24 30-Days Federal Funds Futures CBOT:ZQM2024 (LHS) Gold Spot in U.S. Dollars (RHS) vs. 12-Months Fed's Policy Expectations based on Dec'24 30-Days Federal Funds Futures CBOT:ZQZ2024 (LHS) What’s next 👉 In summary, the move in the 10-year yield can likely be attributed to three main factors. A shift up in the ‘higher interest rates for longer’ narrative, supply and demand forces and a rise in the risk premium. 👉 The latter factor might start to provide support to gold prices, if it continues to increase from its key support of 52W SMA. 👉 If we simply look at bear steepening, gold tends to underperform – with low single digit average returns. Historically, the most likely successor to a bear steepening is a bull flattening (approx. a third of the time). This is characterized by a fall in the long end of the curve relative to the short end, effectively an unwinding of the rising premia we’ve witnessed. 👉 This partly took place at the latter end of September with gold likely benefitting from such yield declines. Also, soft data continue to suggest that a slowdown is still firmly on the cards. This could result in either a bull steepening or a rare "bear-". Both phases have on average been gold friendly, yielding an annualized return of 15% – the highest of all the phases. Gold Market Breath 👉 What is Market Breath overall? 👉 Market Breath is a Percentage of Index Components Trading Above their N-Period Moving Average. 👉 Traders can use this index to see what percentage of index components are trading above their N-period moving average, for example, above the 200-day moving average. 👉 A rise above 50% in the indicator indicates increased market strength, while like the index of new highs and lows, traders and investors often look for extreme values to find extreme overbought and oversold conditions in the broader market. 👉 Gold Market Breath Indicator INDEX:YATH (number of S&P/TSX Global Gold Index TSX:TTGD above 200-Day SMA) is at 2.43, that is one of the lowest multi year readings . In conclusion, there are some reasonable considerations for further Gold spot purchases following the thesis that 52W SMA is a strong support for Gold in 2023, and further Fed's Policy expectations for upcoming 2024 are fully in the hands already.
OANDA:XAUUSD
by Pandorra
5
🥇GOLD - Bearish market situation. We are waiting for a fall GOLD is forming a retest of support after a long consolidation. From the level of 1815 a small bounce may be formed before further decline, or a break of the level with further consolidation below 1815, which will form a selling entry point. TA on the high timeframe: 1) Candlestick analysis implies further decline 2) Strong consolidation near an important level - readiness for a decline 3) No strong bullish pullbacks yet. Buyers are weak TA on the low timeframe: 1) Support retest may provide a bounce for a subsequent retest 2) Another support retest will lead to support breakout. 3) The main target at the moment is to break the support and go down to 1800. Key resistance 📈: 1824, 1828 Key support 📉: 1815, 1807.9
OANDA:XAUUSDShort
by AndeWave
13
GOLD → The situation remains the same. Consolidation OANDA:XAUUSD continues to consolidate, therefore, the market situation remains the same. The probable outcome of events is a false break of resistance (retest of liquidity area) before further decline The market has been forming consolidation inside the important range of 1828 - 1812 for the last few days. Liquidity is forming above these boundaries, which the market maker (with high probability) will not miss. In priority, I expect a surge in volumes at the next retest of the resistance area and the formation of a false breakdown. Local strengthening of the price may reach such areas as 1830, 1835, 1840. In the medium term, I expect a further fall, but after reaching local targets. The global target is an important support area, which is indicated on the senior timeframe: Weekly chart on the left (blue level). The moving averages indicate a strong trend. A sell signal can be formed relative to 1828.2, 1833.3, 1835.5 Support levels: 1812, 1807. 1800 Resistance levels: 1828.2 In the long term I expect a continuation of the fall, but a small bullish correction may follow before this movement OANDA:XAUUSD OANDA:XAGUSD COMEX:GC1! COMEX_MINI:MGC1! COMEX:SI1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
17
🥇GOLD - Consolidation before the news GOLD is in consolidation on the background of falling market. There will be news soon, quite strong, and most likely the market players are waiting for the data, so consolidation will form on the chart. The sentiment indicator indicates a bearish potential. The trend is also bearish. The news impulse may hit resistance, after which the decline may resume TA on the high timeframe: Market is falling. Price breaks 0.5 fibo and heads towards 0.618 A retest of 1807.96 may follow (the level has not been tested yet), and the price may also hit 0.618 before a pullback. TA on the low timeframe: A sideways flat is formed, the essence of the flat is consolidation Minimal volatility is formed on the market, as the potential for movement in one or another direction is accumulated. Watch the price reaction to the mentioned levels, I am expecting a fall in priority, as we have a downtrend. Key resistance📈: 1831, 1833, 1841 Key support📉: 1815, 1807.9
OANDA:XAUUSDShort
by AndeWave
18
GOLD → Market fades before the news OANDA:XAUUSD is forming a consolidation in the liquidity area range. In this case, there can be a lot of traps before moving to one side or the other, as this is one of the essence of consolidation The fundamental backdrop for gold is still negative, as the TVC:DXY continues to strengthen and seeks further upper targets, which will have a negative impact on gold. There are a number of important news releases today that are worth paying attention to. I don't think they will change the main fundamentals much, but there will be a storm in the market. Before the main fall, which may continue on the background of the dollar strengthening, the gold market, or rather the market maker may raise the price to 1830-1846 before the further fall. A huge pool of liquidity has formed near these zones, and since the price cannot fall or rise only, we may see a correction in the near future. My mood on gold is bearish, as well as the mood of the market, which by the way is indicated by the moving averages. Support levels: 1816.9, 1815.3, 1812 Resistance levels: 1828, 1830, 1833 Since there is news ahead, the market is going into consolidation. Lower volatility before the storm. Trade carefully on the news, or better not to trade at all and wait until the market calms down OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAGUSD COMEX:SI1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
40
XAUUSD: Very alarming MACD Bearish Cross long term.Gold continues to flash bearish signals and besides the weekly (RSI = 34.620), it is about to turn technically bearish on the monthly timeframe as well (RSI = 48.938, MACD = 40.760, ADX = 33.051). On an even larger scale (3M), we have detected the latest sell indication, as the MACD formed a Bearish Cross. With the price inside a giant Megaphonoe pattern where all candles have closed inside it, we can expect the current correction to extend as low as its bottom. During Gold's last accumulation phase (2015-2018), it was the 3M MA50 that saved the day and after testing and holding, it started the 2019 parabolic run. Is this test inevitable? ## 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
6
XAUUSD Oversold buy opportunity.Gold hit the bottom of the five month Channel Down following the Golden Cross (1d) collapse. The same bearish leg has been seen another three times (was the logic behind our sell last week) and every time it was completed, the price rose by a minimum of +2.66%. Trading Plan: 1. Buy on the current market price and as long as Support (2) holds. Targets: 1. 1864 (+2.66%). Tips: 1. The RSI (1d) is reversing after dropping even under 20.00. A further sign of a potential short term bullish reaction. Please like, follow and comment!! Notes: Past trading plan:
FX_IDC:XAUUSDLong
by TradingBrokersView
1
🥇GOLD - The fall may continue, but after a small correction Gold reaches the specified level and forms a false breakout attempt. A rebound may be formed. But there is a chance of a continuation of the fall from the level of 1825. TA on the high timeframe: 1) Broken 0.5 fibo level. A strong fall is formed from the opening 2) The liquidity area that the price can test within the counter-trend correction is in the area of 1840-1850. TA on the low timeframe: 1) We have a strong downtrend 2) The price cannot fall all the time. If there is a false breakout of 1825 and the price forms consolidation above the level, there may be a rebound to local resistance levels. 3) In the medium term, the fall will continue, but after a probable correction. Key support📉: 1825 Key resistance📈: 1833, 1840, 1850
OANDA:XAUUSDShort
by AndeWave
13
GOLD → Correction from the liquidity zone. Trap OANDA:XAUUSD is testing the liquidity area I mentioned yesterday. The mentioned levels are not target levels, but only on the way to the target. Gold does not reach the lower boundary of the zone and the market maker forms a trap On the chart I have marked the liquidity area - quite a wide corridor and with a high probability the price should pass this zone, but at the same time the market maker should collect all the liquidity in this area. The obvious trap - correction to resistance - tells us that the decline will continue in the medium term. A candlestick pattern is forming on d1, which also hints to us about the continuation of further decline. The speed is quite high and there is no area on the way that could make resistance from the buyers and stop the market. The market is bearish, but even at such times the price can show a small counter-trend movement (correction) to rest before further movement in one direction or the other. I am still sticking with my target to 1812, 1807 and 1800. The moving averages are showing a strong trend Support levels: 1812, 1815.3 Resistance levels: 1828, 1834.4 I am still of the opinion that the price will continue its decline. There are no setups on the chart at the moment that would predict an immediate rise OANDA:XAUUSD TVC:GOLD COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAGUSD TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
26