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Gold-futures

GOLD (XAUUSD) TRADING PLAN! hey guys, gold is stuck in consolidation on a daily. we don't know how long it is gonna last and to which direction it will go next, however, we already have some clues to consider: though the price keeps setting higher highs we see a clear rsi divergence (here I mean daily candle closes, not wicks), double top formation it is a perfect potential counter-trend trading setup: I have an alert below the underlined horizontal support, I am looking for a daily candle close below that to short the market on retest. stop/targets are on the chart! in case of a higher high formation after a consolidation, I won't trade at all! also, consider intraday trading within the underlined range. shorting from resistance, buying from support, till in ends :) good luck!
FX:XAUUSDShort
by VasilyTrader
17
Paper Gold ( $XAU 12h) why so bullish ?"The majority is always wrong" One of the core principles in technical analysis. Looking at what the crowd is thinking then engineering a counter trade. The current market sentiment right now is that a recession is coming, and one should be buying gold and hold on to it because the price is set to go higher. And so, everyone is doing that, sadly for every buyer there is a seller. Few are those that are looking to short gold right now. Today I will look at what those sellers may be looking at as a short setup. In my last analysis (link below) I explain why I think that gold has already top a 5 waves impulsion and is now in a corrective move to retest previous resistance below (1361$) After several weeks of trading the price made new highs, but with low volume leaving me skeptical of the move. It was a nice move of the lows (200-days EMA) but be aware of what may come. To me that type of price structure is characteristic of an ABC waves correction FLAT : B wave going above start of A wave + C wave going below start of B wave this drawing is highly speculative and can only be taken as a guide to where the price may go and how. It is not uncommon in a strong primary move upward to see these types of corrections. Likewise all my indicators turned bearish Daily bearish divergence RSI – Stochastic crossing down. looking at smaller timeframe, the reversing pattern is complete. 1710$ if retested can be a good short entry point. weekly exhaustion candle. As time goes by, I will keep you updated on the evolution of the asset price, so make sure to follow me on Tradingview Disclaimer : This is not financial advice as I’m not a financial adviser. This is just my knowledge on what can be said and done from the chart. Due to the volatile nature of the market, everything can change on a day to day basis. Everyone is wise to manage their risk properly when considering any trading decision or activities. PS: I cannot emphasize enough the risk associated with the activity of trading futures due to the imaginary nature of all paper contracts, the reason why I prefer mainly trading cryptocurrencies instead of more “traditional” assets. On the other end without total systemic collapse it can quickly become a good trade opportunity.
FX:XAUUSDShort
by DecisionDoji
1
Gold Futures (GC): Consolidating Before a Break Out?Gold Futures (GC) chart has been coiling on a daily chart, trading risk-on along side with SPY (SPX500). The main trend for gold is up. MACD and RSI charts are pointing downward. Secondary lower top has been formed. Yet, prices are holding up. FOMC decision to keep rates unchanged at 0.25% was bearish for traders hoping for negative rates. However, facing high unemployment numbers on 4/30/2020 and $DXY decline, gold may appreciate further. Pivot point: $1727.50. If bullish price action, then potential move up to $1764 - $1800. If bearish, then potential move down to $1682-$1660, which should serve as support.
COMEX:GC1!Short
by chartplay
Gold may be nearing TOP, good time to swingBased on the historical trend from the Gold price highs during the peak of the housing collapse in 2012 and recovery, in contrast with the macro-economic situation now regarding COVID; it appears the trend may repeat. I estimate a similar high based on flattening global demand, as the pandemic runs its course. I'd estimate going/staying long for now, then entering short within the range of about 13% above its current closing-price (going short @ $1,700 - $1,850) would yield modest returns in the near term. However, I wouldn't bet against gold in the long term and I'd wait for a reasonable reentry price with ideal economic conditions.
TVC:GOLDShort
by BillyMadison
GOLD (XAUUSD) Indecision & What to Expect??? gold stuck in a horizontal indecision range. there are two solid reasons to buy from current prices: bullish trend fundamentals but sellers also have valid points: overbought market shortening demand for us, the best option right now is to wait for a breakout to protect ourselves from this uncertainty! most of the time, in such kind of ambiguous situations breakout shows the future direction of the market. I am still on a bullish side but who knows :) what is your view???
TVC:GOLDLong
by VasilyTrader
1
GOLD (XAUUSD) Historical Perspective & Bullish Rally many of you consider this rally on gold to be abnormal and irrational. but, history shows us the opposite picture. the rally that we are contemplating today is the perfect reflexion of the movement that we saw in 2011. just pay attention to details and embrace how similar it is. from weekly timeframe analysis we can derive a couple of crucial clues: 1. potential for growth is still enormous 2. it took just 5 weeks to 1880 level from 1590 support 3. key structure level to consider are 1680/1780/1880 I guess the main problem of why it refuses to fall is that the majority is afraid to sell. after yesterday's breakout bears are all stopped out and it pushes the market so high. be very very careful shorting and control your risk!
FX:XAUUSDLong
by VasilyTrader
4
GOLD (XAUUSD) Decision Point! Trading Plan Market opening this Monday was very impulsive for gold. It looks like it is finally calming down and buying volumes decrease. on 4H the market has reached a significant resistance level and on 1H it started to coil. the side of the breakout of the indecision range on 1H will show us the future direction of the market. in case of a bearish breakout, the market will most likely drop at least to 1568 with potential continuation, in case of a bullish breakout, the market may reach 1510 resistance. be patient and let the market decide first! good luck!
FX:XAUUSDShort
by VasilyTrader
8
GOLD - Classic Butterfly SELL PatternClassic Butterfly SELL Pattern in GOLD. I would wait for an entry confirmation inside the highlighted zone before entering the trade. Price is at a significant level of structure. So most probably market will make a retracement to the downside before breaking structure to the upside. Therefore it is highly possible that market might at least reach one of these profit objectives before making any further movements. Reward/Risk = 4.4 Profit Potential = 700 Pips Maximum Risk = 166 (Risk can be reduced after getting the entry confirmation of the trade) Note: This is merely a trading idea of mine and should not be considered as any kind of trading signal or advice.
TVC:GOLDShort
by Sankapathum