Short Term Gold LongI had this same trade in back on the 19th and missed my entry by 4 ticks. Now the profit zone is much smaller, but I still have confidence in the zone because of the strength leaving the zone, location, and structure on the 1 hour. There is a deep retest and the profit potential is small, so I will be using an activation rule at 1444.8.
Entry: 1445.8
Stop: 1442.4
Target: 1457
Risk/Reward: 3.4/1
Leave some comments below on what you think! Let's start a conversation.
Gold-futures
GOLD - Descending Channel (Long Opportunity)The price of Gold Futures is possibly moving in descending channel on the 1-day chart.
After todays strong downwards movement, we're almost at the support line of the channel.
I'm expecting another drop tomorrow, from where we will consider to open our position as follows
Open Position (Long): 1446.00 or below
Target: 1490.00 or above (Key Zone)
Please wait for a confirmation first.
I will keep you updated !
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Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
GOLD: Important Warning!!!
this is my weekly update for gold .
currently, I don't have any active position.
However, based on the question that I received this morning
I see that many traders missed yesterday's selling rally and still want to jump in.
Analyzing structure on the left, we can easily notice that gold has reached a key support level .
+we see a formation of a dodji candle and multiple rejections.
For this reason, I think it is late to sell the market,
I think the price will retrace from the identified support.
*If you want more ideas on gold , please, support the idea with like and leave a comment, thanks :)
Gold Futures wobbles around 1494.00 after bouncing back at 1488Gold futures prices have been capped at 1500.00 for about a week and still struggle to break through that hurdle. It has formed a reliable price channel to the upside with slow but reasonable progress at the bottom of the price channel. Gold prices need to push through 1494.00 and break the major resistance at 1500.00 to proceed to its next target at 1510.00. Gold prices could fall to 1488.00 if it fails at 1494.00.
Support: 1494.00, 1488.00, and 1480.00
Resistance: 1500.00, 1510.00, and 1521.30
GC, Gold Futures - Technical Analysis and Trailing StopCOMEX:GC1!
People, is gold still a good investment? What do you guess from the chart?
I would say to follow the trend between supply and demand and then decide whether to go Long or Short.
It always remains one of the most attractive assets for traders, investors and portfolio managers.
As you can see from the chart, the technical analysis made on this precious metal is clear and intuitable at a glance, so why not take advantage of this art to increase your net worth?
In the end, what is the use of gold for? Store of Value.
Another thing: keep Bitcoin under control, because it makes more sense than gold.
Gold FuturesThe yellow metal is currently set up well. Break of the trendline with divergence of RSI and CO. First probable target near the PVP of the Volume Profile. Next possible extension and return to the highs area over 1540 $/ounce. The Supertrend break will confirm the start of this new uptrend.
GOLD: One More Leg Down?
gold currently is consolidation in a narrow trading range.
most of the traders are waiting for a breakout to identify the market future direction.
I am aiming at bearish breakout of a minor structure support to sell the market
anticipating bearish continuation to 1417/1407 levels
GOLD: Exhausted Market and Bearish Continuation
On a daily timeframe, we see a very strong rejection of 1440 level.
after two attempts to break and close above this level, we see a formation of a double top pattern
in conjunction with RSI Overbought + Divergence and dodji + rejection bars.
the last resort for bulls is 1380 support,
if bears break and close below this level, most likely gold will start deeper correction and we will see
bearish continuation to lower support levels.
Key support levels on focus:
1360
1340
Gold futures set for another Comex slamdown?Published at 9.30pm Monday AEST, this chart offers a pretty safe call to go short to 1324 or 1315 levels at 38.2 and 50% Fib retracement levels respectively.
The Comex knock-down is one of the most easily predicted market phenomena, as it has been happening so frequently for so many years.
But who wouldn't sell with a top-of-the-channel set-up like this. RSI and MACD indicators are also screaming "sell".
HIGH GRADE COPPER FUTURES (JULY 2019) (HG) 4-HR TIMEFRAME SHORTCopper prices have just broken out of a support level of 2.8495, with the former resistance at 2.9750. The market has completed the advancing and distribution stages, and has just started the decline stage. I expect prices to tank further, as commodities are in large sell-offs these past weeks. The price is also forming a new downtrend, as it makes lower highs and lower lows. Possible targets include the 2.6875 and 2.6565 areas. May the bears be upon us!
ENTRY: Now
Stop Loss: 2.7810
Target One: 2.875
Target Two: 2.6565