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Gc1!long

Mar 4th 2024 GC Update - Potentially a start of something bigAnother share from the TTR, this time is a commodity chart - #GC Beautiful move up on Friday! The price has stopped right at the trendline support; there is one more resistance box above it. When/If it is broken, we will see the next trendline tested again, followed by a breakout box. This is a very bullish action as if the price continues to break out, then expect some geopolitical issues to come next, which means the markets could be near its maj top!
COMEX:GC1!Long
by TheTradersRoom
GOLD Long Idea-This week I've had an overall bullish bias for Gold to head to the PWH after we put in a fractal swing low on the weekly, confluence with wicking below several weekly lows. -Although today's Daily candle close isn't super strong, I'm still leaning towards looking for longs. -Daily candle rejected from the Daily +OB again, and also failed to displace and close below Tuesdays Low. -I am targeting Wednesdays high, and the PWW. -I want to see H4/H1 discount arrays being respected, followed by a displacement entry confirmation on M15/M5.
COMEX:GCJ2024Long
by Tradius_Trades
The road higher will be bumpyWhile bullish in the long term, we are still awaiting further pullback in the price of gold after its impressive run above $2,000. Right now, we are paying close attention to support and resistance levels near $2,009, $1,985, and $1,959. If the price of gold manages to hold above $1,985, it will be positive; the same applies to the breakout above $2,000 and resistance near $2,009. However, if the price fails to stay above the mentioned level, and we see more decline in RSI and Stochastic on the daily chart, it will alert us to more downside; in such a case, we would expect gold to drop below $1,960 (and maybe even to as low as $1,925). Yet, regardless of our opinions, it is important to note that there is a FOMC meeting scheduled for today, which can have a volatile impact (to either side) on the price depending on the FED’s decision and the chairman's tone during the press conference. Illustration 1.01 Illustration 1.01 portrays the daily chart of XAUUSD and simple support/resistance levels derived from particular peaks and troughs. Illustration 1.02 The image above shows the daily chart of RSI. The yellow arrow indicates a bearish crossover below 70 points, which raises our suspicion (though it still could be just a fakeout). Technical analysis Daily = Bullish Weekly = Neutral Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
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OANDA:XAUUSDLong
by Tradersweekly
27
GC1! Will Go Higher! Long! Please, check our technical outlook for GC1!. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1977.1. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1988.0 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
COMEX:GC1!Long
by SignalProvider
4
GC1! Is Going Up! Long! Here is our detailed technical review for GC1!. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1970.8. Considering the today's price action, probabilities will be high to see a movement to 2015.2. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
COMEX:GC1!Long
by SignalProvider
4
GS1 - GOLD COMEX Reversal ScenerioHey y’all, i charted a possible bullish play that could potentially lead to some upside regarding GS1! Here we potentially have a alternate XABCD that’s below the typical pattern completion zone of the 786 and 886 fib retrace ratios. We are showing Class A Bullish Divergence on both oscillators IEW the RSI and MACD showing seller exhaustion and negative momentum winding down. We may see price action start to make a push upwards and go green in the next coming weeks… just my opinion on a possible outcome..
COMEX:GC1!Long
by BShellhammer
2