GC1! "The Gold" Metal Market Bearish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑💰🐱👤🐱🏍
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the GC1! "The Gold" Metal Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish thieves are getting stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉
Entry 📈 : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on!
however I advise to Place Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Thief SL placed at 2935.0 (swing Trade Basis) Using the 4H period, the recent / swing high or low level.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 2820.0 (or) Escape Before the Target
Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
GC1! "The Gold" Metal Market is currently experiencing a Bearish trend., driven by several key factors.
💠 Fundamental Analysis
The GC1 contract is influenced by global economic trends, monetary policies, and commodity market fluctuations. Central banks' cautious approach to interest rates and inflation management impacts gold prices.
💠 Macroeconomic Analysis
GDP Growth Rate: Global economic growth slows down, with the US GDP growth rate at 3.3% in Q4.
Inflation Rate: Inflation trends show moderation, with the US inflation rate at 1.0% annualized.
Employment and Labor Market: The US job market remains solid, with 353,000 jobs added in January.
💠 COT Data Analysis
Institutional Traders: 55% long, 45% short.
Retail Traders: 52% short, 48% long.
Large Banks: 57% long, 43% short.
💠 Market Sentimental Analysis
Market Sentiment: 40% bullish, 60% bearish.
Trader Sentiment: 29% long, 71% short.
💠 Market Sentiment by Trader Type
- Institutional Traders: 60% bullish, 40% bearish
- Hedge Funds: 55% bearish, 45% bullish
- Retail Traders: 55% bullish, 45% bearish
💠 Positioning Data Analysis
Bullish Trend: 45% likely.
Bearish Trend: 55% likely.
💠 Overall Outlook
GC1 prices may fluctuate due to central banks' monetary policies, inflation trends, and geopolitical tensions. Investors are cautiously optimistic, with a focus on technology and innovation-driven sectors.
Key Factors Influencing GC1 Prices
Monetary Policy Adjustments: Federal Reserve's interest rate decisions.
Inflation Trends: Global inflation rates.
Geopolitical Risks: Middle East tensions and commodity market fluctuations.
Technology Sector Resilience: Growth potential in AI and semiconductor fields.
Cryptocurrency Market Volatility: Bitcoin's impact on traditional markets.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🤑🐱👤🤗🤩
Gc1!short
GC - Gold retests the L-MLH for a shortSince gold broke out of the L-MLH, I was waiting for this opportunity. This is a nice test of the L-MLH.
Be aware that it could drop and come up again for a re-Test of the L-MLH. So stops have to be places accordingly.
As for the red Centerline, we also have to be aware that the CL was already reached back on Aug. 17th.
So any accelerator could pump up GC back into the white Fork.
GC - Gold short to the Center Line
It's very nice to see how price reacted at the CL, then came back to the U-MLH.
And again price got rejected at the U-MLH.
The A/R line is broken and now price has a good chance to travel to the Center Line again.
btw: This trader has the same idea, just using another technique:
Great one, I really like this.
Gold showing a big bearish pattern brewing Inverse Cup and Handle seems to be forming on the daily chart for gold.
This does not give safe-haven vibes. Unless it's for a short.
If the price breaks below the brim level (support), we could see downside to come for the metal.
Other indicators confirm downside.
21>7
We just need the price to break below 200MA and it's all down from here.
RSI<50
Target 1 will be at $1,710, around where the recent support levels were.
GC1! Will Fall! Sell!
Please, check our technical outlook for GC1!.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1978.1.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1963.5 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
Gold offers opportunities for intraday tradersvery obvious that gold has been on a downtrend since March. the trend is moving below MA 209 which confirms the trend.
As long as there is no obvious trend reversal signal, I will only look for sell signals on my daily trading.
By focusing only on selling signals, I will increase my win rate and avoid many losses.
On the weekly chart, the MA 209 is broken and confirms that the trend is bearish.
What do you think? are you only going to sell gold or buy it :)
Going Short On GoldWe can see on the weekly time frame that the price is inside a price channel, and previously it was rejected from the upper line by forming a double top, and we have a bearish engulfing formed two weeks ago which confirms that the price will go down to the lower line of the channel.