Gold-futures
Really simple gold planGold has had consolidation since previous bull rally. this process has broken bullish after breaking out of flag. I will target 2060. make sure to manage risk and enter on good candle signal. potential to hold this trade further as dollar weakens. you could monthly target maybe 2200/2300
Lots of action in the metals - back in MGC/GLDFor active traders, the market action in the metals has been tremendous over the past month. We posted a short idea yesterday in copper HGU2020. The market is higher than our entry.
The 7-day ATR in the GC is over $55 and we saw a nearly 4% decline in today's session. BTC and cryptos followed along lower. We're entering a long position MGCZ2020 based on a Ext Buy on the 1H timeframe. Chose to keep the position small given the large recent ranges and frankly because we got smacked around a bit today in our day-trading accounts in the big contract.
Long MGC 1933, stp 1899, tgt 2003. Also adding back in to GLD Oct 185/195 Bull Calls at 2.75. We scaled 50% of original position at 3.5 yesterday.
GOLD (XAUUSD) Where are We NOW?
if you are struggling to make predictions on gold atm, you are now alone.
I am also stuck with its price action and behavior during the last two weeks.
technically the price is now trading in the middle of August's trading range.
the support of the range is based on the rejection wick of 12th august candle and two major rising trend lines
that expand the support of the rage as time flows.
the resistance of the range is based on the all times market high.
in my view, classic trend following strategies is not the option right now because of the lower high formation on 2000 level.
shorting will be the option only in case of a strong confirmation signal on a lower time frame and only from a major resistance.
from a current perspective, I would suggest you let the market decide first.
let's wait for some news or some other trigger that will make the market move, and then just follow.
Gold to test the Local Support!As we can see Gold has not broken the Local Support line and the breakout happened to be a fake one. The last candles provide us with the Three black crows patter and as the price lies below the 15&30 EMA I expect the decline in the price in the nearest time.
A great opportunity to buy GC1 on the 15M chart!A winning confirmation forming configuration that will reassure buyers to stay on their positions! Wait for my signal to get out of your buy positions!
GOLD (XAUUSD): Key Levels & Structure
Gold has retraced from a new structure high.
Now 2060 is our new key resistance level.
yesterday's daily candle got rejected from two crossing trend lines.
Now 1860 is our closest structure support.
1680 will be the next support.
it is based on a spring's market high.
for now it is not clear how the price will act,
however, key levels are the points from where we can look for trading opportunities.
good luck!
Gold's 2020 channel not broken - No doubt, weakness of the dollar has been quite the moment for a ton of assets (Bitcoin, SPY, etc), but are we changing that thesis so soon with recent news out or Russia?
Taking a look a the daily futures chart, we can see the 2020 channel is still very much intact. If the channel acts as resistance, look for the next leg up!
Volume divergence on Gold. Possible correction?Possible upcoming correction, target is the last resistance. Waiting for that confirmation pull-back to enter a long position, with a SL below previous historical highs.
Gold futures. Today's matrix for intraday trading.
Gold futures. Today's matrix for intraday trading on m5 timeframe. August 5
Hi everyone. My analysis done for my main timeframe 5m. I start from higher timeframes D1, H1 and move down to lowest m5.
Gold Futures Contract, COMEX — 12-20
My trading is based on market phases.
For timeframes m5:
SELL on the test of level 2028,40, target 2016,5
SELL 2016.5, target 1998.9
Trading on m5 timeframe.
Buy Gc it's clear there is a Probability over 95% that it will reach the 1866.8
Hurry up and buy the Gc now
if you have a question don't be shy and ask me
Short opportunityGolf is showing a high probability for a short position, sellers are pushing the market, target around 1835
GOLD (XAUUSD) All Time's High AHEAD!!!
hey guys,
it looks like gold has successfully violated the 2011's/2012's highs and closed above them.
now it is quite probable that the price will manage to reach all time's 1919.0 high soon!
here, just with ATR indicator we will try to assess how much time it would take for the market to reach the above-mentioned level.
for the last 12 months, the ATR is 98.
the distance between a current price level and the high is 115.1.
just making a simple calculation we may get that 1.5 months will be enough to reach the high.
the only obstacle might be a consolidation.
during autumn 2019 we had a 4-month consolidation cycle.
so it looks like we will be there quite soon.
we can never predict with 100% accuracy the time horizon.
however, ATR and price action analysis may help us to make at least approximate calculations.
p.s it is not a buying recomendation.
I just share my thoughts and calculations with you :)
Gold on the threshold of a global reversalHello, traders. The multi-year double zigzag wave is coming to an end. We can see that the price has been breaking through the upper limit of the correction channel for the past few months. I think this breakdown is false. The price has almost reached the approximate goal of 1804$. The fact that the wave C of (Y) is an expanding ending diagonal, although is rare wave pattern, says that we are waiting for a sharp and rapid decline to 1450$.
GOLD Futures, Very active today!The price passed daily ATR today.
It's a huge possibility that it can bounce off the level and show as the correction movement!
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
GOLD futures, How to trade the channel!If you look for e trades inside the side channel it's better to open your position near the borders.
Also, if the price will cross the border and fix there we can trade the exit from the range zone.
I wish you good luck in your trades and always looking for the best opportunities for you!
Thanks for your support!
GOLD FUTURES, Still on the rising.Gold is inside the Upward Channel and I look for a Buy trades on H1 timeframe.
Globally the rising is stopped so this is short term ideas.
One more important thing: don't forget before to trade my ideas to make your own analysis.
These are not recommendations to open your positions!
Dear followers, the best "Thank you" will be your likes and comments!
Thanks for your support!
Still up locally
GOLD (XAUUSD) Price Action & Important Update!
hey guys,
this week gold just kept breaking supports, one after another, and on Friday sellers have reached a key daily level.
on 8H/4H chart we see a nice combination of two harmonic movements with a perfect match of their projected completion points.
moreover, we have a perfect fib.confluence of the last two bearish impulses.
based on that I believe that on Monday the price may retrace and reach at least 1700 level, the first strong structure resistance.
However, the situation is completely different from a daily chart perspective:
the price has set a lower high and it looks like it is a now bears' turn to try to break a key level.
next week on our radar will be 1680 daily support. after a pullback from it look for a breakout attempt with a daily candle close below structure as a confirmation.
if this condition is met, the price will drop lower and the before mentioned support will turn to resistance.
good luck!
opportunity buy GC Gold Futures a strong upward trend in this market so an increase we will buy
signal buy
Intraday
trading pro
futures goldthere is a breakdown of the support then the market will go down it s better to sell now that if there is no pull back
[GC] - Next Target 1740.00 USDGC Futures High probability to ride up to the price 1740.00 USD
Send me message for more ANALYSIS and PRIVATE IDEAS 📧 📧 📧
