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GC2!

GOLD in a REVERSE ZONE, Correction Expected To Last High..The bearish Butterfly pattern is indicating a possible retracement for the GOLD to reach the precedent high reached in year 2011. When the market will go up again and break the blue horizontal line , the next target is clearly the next Fibonacci Level which corresponds to 2179.1 price. the Butterfly pattern may be a failing pattern , but the two last candles are comforting my idea. However, we are talking in terms of percentages, so Always keep an eye on volumes and detecting icebergs.
COMEX:GC1!
by GlobalInvestFutures
GOLD Look Ahead for week starting 1/26/20Gold is in a long-term Bull Market with price trading above the 50 week ema, which is above the 200 and 800 week emas. The long term emas are currently still trending up, despite price action correcting over the last several weeks. The weekly candles show no indication of a top here. Price would have to drop all the way down to close below 1517 in order to be considered to be correcting on the weekly charts. The Commodity is in a long-term Bull Market with price trading above the 50 day ema, which is above the 200 and 800 day emas. The 50 day ema is currently up trending, with Gold trading up in a strong b-wave flat that traded over the previous highs of 1557.10 before trending down again. Price has been testing the 13 ema, currently at 1554.77, almost daily over the last two week, although it has yet to close below it. In an Elliott Wave flat correction the c-wave trades down below the a-wave low, which is at 1445.50, so expect the down-trend to head back down there before completing. The Commodity is in a Bull Market on the 4 hour, with price above the 50 ema, which is above the 200 ema, which is above the 800 ema. The long term emas have trended up here as price has consolidated sideways and up within this accumulation / distribution zone. Price this last week has mostly stayed above the 9/13/30/50 emas, but a break down below the 50 ema would lead to a test of the 200 ema at 1530. The Gold market is trying to finish out the b-wave of a greater x-wave, and at this point can be considered to be done. The question is will gold put in an additional wave up to test the 61.8% retracement, at 1584.22, of the wave down from the top at 1611.50. After that the c-wave should start to complete this x-wave. This is my GOLD look ahead for my own trading purposes. COMMODITIES trading involves risk. Feel free to comment, but trade off of this post at your own peril.
TVC:GOLDShort
by Cincinnatuus
1
GOLD Look Ahead for week starting 1/12/20Gold is in a long-term Bull Market with price trading above the 50 week ema, which is above the 200 and 800 week emas. The long term emas are currently still trending up, despite price action correcting over the last week. As geopolitics with Iran has settled down price has corrected back down. Price would have to drop all the way down to 1500 in order to be considered to be correcting on the weekly charts. Other factors affecting the price of Gold such as recent Dollar strength and FED Repo/QE programs pumping liquidity, have become headwinds or are having a lesser impact now that we are in the New Year. The dollar has a little higher to go in the week ahead, so expect Gold weakness as a result. The Commodity is in a long-term Bull Market with price trading above the 50 day ema, which is above the 200 and 800 day emas. The 50 day ema is currently up trending, with Gold trading up in a strong b-wave flat that traded over the previous highs of 1557.10 before trending down again. In an Elliott Wave flat correction the c-wave trades down below the a-wave low, which is at 1445.50, so expect the down-trend to head back down there before completing longer term. The Commodity is in a Bull Market on the 4 hour, with price above the 50 ema, which is above the 200 ema, which is above the 800 ema. The long term emas have flattened out here as price has corrected down from the new high. With price breaking back above the 9 and 13 emas, gold has technically went back into a bull market. On a trading time frame, the Elliott Wave patterns start becoming more recognizable, and point to a degree of caution in the near term. It looks like gold needs to roll over and go down to test the lows before having a chance at making another run at the highs. This fits in with the trend and position of the dollar, and likely timing on tensions in the Middle East. This is my GOLD look ahead for my own trading purposes. COMMODITIES trading involves risk. Feel free to comment, but trade off of this post at your own peril.
TVC:GOLDShort
by Cincinnatuus
Critical trend line already broken...This is a continued short from where I published the alert of the right shoulder of this massive Head and Shoulders pattern playing out. The H&S is actually sitting on top of a long rising trend line (orange) in the chart. As you can see, that trend line has been breached. Look for a slow grind to $102. Gold is being challenged as a store of value, by that other computer generated code thing. Good luck gold bulls, you're going to need it. Target: $102
AMEX:GLDShort
by streetgainer
1
Gold Future (CME)Turtle Soup. Trade setup with Buy Stop position (EP) at 1336, Stop Loss (SL) at 1329 and Take Profit (TP) at 1350. Money Management I have 22,800 USD in my portfolio. I can lose 5% of the port which is 1,140 USD. Position Sizing 1 Tick = $100 1 Contract size need IM = $3,850 (I can open not more than $22,800 / $3,850 = 5.92 Cons) It is 7 Tick from EP to SL, with 1 Con, I will lose 7 * $100 = $700 To lose 1,140 USD I need to open 1,140 / 700 = 1.62 Con Then I will put 1 Contract If I win, I will gain (1350 - 1336) * $100 * 1 Con = $1,400
COMEX:GCJ2018Long
by SuppasitWechprasit