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Gc1!long

ridethepig | Gold Towards Support📌 An important exchange here for Gold as late unaware buyers begin to go overboard on position length and combination of over expression. Sellers on the other hand are aiming for a pullback towards soft and strong support zones at +/- 1750 and +/- 1550. I managed to carry out a deeply laid plan since 2018, although it could easily have been refuted since sellers have been handicapped in a well known risk-off environment. Moreover, I understand no macro swing ending is exactly ideal but rather one that is more clearly illustrated with time. Things developed with the highlights as follows: (1): The Ladder is empty Buyers were threatening control since $1,200. The key takeaway from this is to understand that sharp speculators have been riding this for some time. The simple and clear flow has been higher. Here buyers took charge and began the march towards sellers outpost at $1,970. Note that instead of playing for intraday moves and banking pips, the correct approach was to swing the bat for a Long-term fundamental trade and continue loading the moment it started working. Pips are for pipsqueaks! (2): Large Triangle Forming In the flows, there followed after a few handles higher very little resistance from sellers who could not be liberated at the time. An interesting notion as to how keen sharp hands were to trade the moves higher in Gold and how much of a leading indicator it has been for the entire Covid flows. (3): Delights and Torments/b] The examples continue to show a simple case of flanking and riding the pig until the trend exhausts itself. Until now, sellers have not posted a credible threat. The macro swing worked perfectly in spite of allowing some minor overshoots at $1,970. Play went on... Buyers begin to take profit and sellers attempt their first credible advance since Covid chapter I as Fed have implemented AIT as a somewhat backward solution to an inevitable problem. The technical pullback sellers wish to create opens up $1,750 and $1,550 as main targets before anything else can be opened. I think this pragmatic correction is a demonstration of when the boat becomes too crowded on one side. Positioning dominates play as inflation takes the backseat for now, the struggle to hold $1,925 will imply the highs are here for the year because of the $1,970 blockade. Thanks as usual for keeping the feedback coming 👍 or 👎
FOREXCOM:XAUUSDShort
by ridethepig
12
$2000 - THE NEW GOLD ERA - GC1! - 30MN-Perfect nice uptrend angle. -Last Gape has been filled. -Nice rebound on the blue trending line. The GC1! has been showing some intense moments specially during the end of Asian Session and the middle of American Session. The blue trending line could probably be a support next week for a consolidation of the New Gold Era! The Gold above $2000. The Red Horizontal Line is Showing a very Important Support, Marking the History of GC1! Future. Markets always decide so keep this possibility in mind. For the moment the blue uptrend line is solid and possibility could be the broken by a ranging market showing tops at a new resistance line.
COMEX:GC1!Long
by Diallo_Charts_Ideas
3
ridethepig | Delights and Torments📍 By now I am sure you all have grasped the basic premise: from the very start of the March dead cat bounce we are calling bluff and looking to play the fade, fighting the Fed does work on occasion despite the rumours, and lastly have formed enough energy after this quarter for a huge swing down in global equities as Long bonds complete the cycle. Most recessions typically take 5 Quarters to play out, with the study of history it is not a bad thing to introduce one or two of those five quarters are retracements to introduce concepts of the trap. One must act in their best interest, recognise straightaway that this is a game of risk flows and stimulus which are both possible and likely via combinations of further lockdowns and coordinated CB intervention. The only thing to result from all these demonstrations will be a massive breakup in Gold: the last three iterations have been natural; of course all exclusively live on tradingview. How can we continue to load? 📌 => Delights and Torments of Adding to Swing Positions The typical retail error is over committing in size to positions; of course the fact that the first three entries are all sitting heavy in profit we are entitled to an ideal privilege. For, me the breakup is an active confirmation of momentum in the spirit of risk via Covid , Brexit and the pending Sovereign Debt Crisis. Measures like this cannot be left out. Event risk must be taken and played with. Quite naturally, these bear character and influence. There is cause for hurry to occupy the $1,900 target within a few days and weeks. A journey where we can seek to settle and thus take profits before reloading without any effort for $2,000 and beyond in 2021. A huge economic shock... with VIX still sitting above Lehmen levels try as you may to believe this is a V shape recovery... I am not buying it. As usual thanks for keeping the feedback coming 👍 or 👎
FOREXCOM:XAUUSDLong
by ridethepig
14
Gold future evolving in a trading range Gold Future is evolving inside a trading range. For intraday trading, we have now signals of buying; we talk here about the higher volume and the wick of the candle that assure an increasing trend. The GC will try to reach the Resistance R0, after breaking the VWAP. If we have high volume we could expect a break of that resistance, which means a new increasing trend. If it couldn’t, it will continue to play inside that trading range. The advice is to buy now and sell at the first red volume and candle (For a safe trade), or wait itto reach that resistance R0.
COMEX:GC1!Short
by oualidskh