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Gold-futures

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
COMEX:HGN2019Short
by munyaelliott
BTC Journal New EntryThis is a journal of thoughts and analysis on Bitcoin following the weekly close on May 19th I have positions in Bitcoin, Ethereum Classic (posted), XLM, CND, and DGB Margin positions currently open TRX (posted), XRP, and BTC Sept futures Long from 6810 (posted as part of BTC short trade thread). Weekly: Main Chart The weekly closed at exactly the same level as the high from July nearly 1 year ago. PA touched the highest volume area above 6800 (box) and was rejected. Some retrace is inevitable, but I do not see this event as a turning point. You will see below, the daily closes have created a well defined and playable range between two high interest areas. A common breakout technique is to stop into a long position when the high of the previous week is breached and place a stop following your own risk management. This strategy preserve profit by having the practitioner exit into cash at the weekly close and only risk 2-6% of their account value on the stop at the breach of weekly highs. Large accounts ($1million+ in BTC) are not generally able to follow this strategy though due to liquidity and slippage, without using leverage. Weekly has been printing nothing but new highs with increasingly large candles on growing volume. Exceptionally bullish overall. The last week which saw a close lower than the open had a low of 4965, but I do not believe that the price will return to that level anytime soon, if ever. That price is now below the weekly value level marked by the EMAs you see on the chart. During bull markets price will return to the EMA levels of the weekly and 3D creating the best buying opportunities, but stops entering the value zone when the move turns parabolic. Flips of the Weekly EMAs are uncommon and not to be dismissed. In Bitcoin's 10 year history there have only been 5 (using my settings) including the most recent. And only 1 of the 5 thus far reversed at a price level that would have caused a loss (2014: $575 Bullish Cross - $475 Bearish Cross.) And yet still if one had followed just that signal they could have avoided a 74% draw down following the bearish cross in 2014. See long term EMA view: We need weekly candle that closes lower than its open soon, to give traders a higher low for bias and trend. A break of 7k though and certainly of the the lows created by last weeks sell off event is not bullish and I would be in-cash below those wick lows on your exchange of choice. Mex has a high of about 8400 and the wick low at about 6380 on the Perpetual swap contract. A breakout above the 8400 to 8500 resistance level will precede a rally to at least 9600. Looking forward on the weekly: Most bullish is a new Higher Low weekly close, where the open in higher than the close, above 7300. Bullish - Weekly close above 6467 Indicators do not suggest any bearish turning point, though they are highly over extended and do suggest that a pullback is imminent. Overall I believe BTC develops a large range (rational below) while oscillators cool down and price prepares to move up again. 3 Day: Shows a similar picture to the Weekly. There is a tighter range (box) within the weekly S/D zone which also shows the price rejection from the weekly. Closing price resistance is at the same level from a year ago on the 3D as the weekly - about 8219 on Mex. That level and the S/D area around it from Weekly and 3D are very important areas. Which is why a break above the recent highs at 8400, or certainly the 8500 level is likely to lead to a blow off top before any significant retrace and may even turn into support itself after. The EMA zone on the 3Day is a bit more useful for swing trading than the weekly, which is more for major trend changes within the market. Bids in within the 3D EMA zone have a high probability of filling during bullish retraces during a bullish trend on the weekly and vice versa. Trend is bullish, PA and MA based biases are bullish. No significant sell signals on indicators. Volatility = High 1 Day: Daily is still very bullish, but here we do have some bearish noise, and while bulls have dominated the market almost full time since February of this year, Bears are starting to show increased effort at the current range while the daily shows that the market has gone flat (is developing a range). What I love about the daily chart right now is how price has started to range with clean closes formed by both weekly and daily levels, which are similar to each other going back as far as July of last year (see chart progression in this post). The daily range is obvious and very playable with a low between 7300 and 7000 and a high between 8150 and 8500. And a closing range between 7250 and 8220. Daily shows some bearish noise with divergences on multiple indicators though only a small/false Div on the MacD. I expect the range to continue for some time while indicators cool down, EMAs catch up, and the market accumulates or distribute for the next move. Play both sides for maximum profit, but be ready to take a loss on one side when the range finally breaks. As we are back into the top of this range, as of posting, I am looking for an opportunity to hedge my position with a low risk (ideal entry only, tight stop) short term short position. Will update if I take any new major positions, or the range breaks.
BITMEX:BTCUSD.P
by Nevermorejk
2
Gold ThoughtsI believe we will hit the top of a downward channel by the end of the month. 1D chart RSI is very close to being overbought, one more price rally in the upward direction will result in the RSI achieving overbought status. 1D chart MACD's last movement failed to break the value of the previous macd wave. However price wise the second surge up was greater than the first surge. implying momentum is just about to come to a halt. -Long; until the end of the month -Short; as we enter 2019
COMEX:GC1!
by TraderKeon
Trading levels for 10/16/2018If you are a daytrader, you are loving these intraday swings, the NQ looks like a roller coaster today, there was a lot of buying but also a lot of selling, 7160 was a level that bears defended really well, and we will keep an eye in the future, in the other hand swingtraders are having a hard time trying to identify the short term of the market. For tomorrow i like R2 to start some shorts, and if i have to take a long it would definitely be from S1. Please keep in mind that these are not trading signals, use your own analysis before taking any trades. PLAN YOUR TRADE AND TRADE YOUR PLAN K.R.S.
CME_MINI:NQZ2018
by UnknownUnicorn253835
1
Scalping August Gold To The Long From Just Above 1200.0After a miserable first half of 2018, many traders and investors are wondering when bullion will begin making a comeback. Values have consistently fallen in August gold futures, bringing the psychological level of 1200.0 into view. In the short-run, things can get worse for gold. The U.S. FED is due out with their policy statements and interest rate decision during tomorrow’s session. While chances are slim that a rate hike will take place, the markets will be watching the commentary of FED Chair Jerome Powell very closely. If we do see heightened bearish volatility facing August gold, a short-term buy from just above 1200.0 is a positive way to play the action. Here is the trade: 1)Entry: Buy from 1201.1 2)Stop Loss: 1199.9 3)Profit Target: 1202.3 4) Risk vs Reward Ratio: 1/1
COMEX:GCQ2018Long
by FXLeaders
Gold/Silver Ratio - Silver about to appreciate significantlyVery interessting stuff. It look like silver is about to continue wave C down as it is completing wave 2 in a 5 wave down-move. Both commodities are declining of late, although silver would appear to be closer to its support (my published TA gold has the potential to decline to ~$5 to 600 over the next few years) while gold may have only retraced partially from ts 2011 highs. The wedge formation in silver is likely an ending fifth wave diagonal that has broken downwards, after the impulse move down (either possibly already complete or maybe one more wave down to $14.60 to come (it depends on which source you look at)) silver looks set to then form the basis of an impulse wave up. In the scenario outlined in the chart (simple ABC correction with a 1:1 extension), purchasing silver would improve your gold purchasing power by 20%. If however, wave C down extends to 1.618 (like it did in 2011) this would increase your gold purchasing power by 45% in comparison to today. Personally, if gold enters a 2-4 year bear market, I wouldn't really want to buy it until this period has ended or neared its end. I find this interesting more because I am bullish on silver and this is just another piece to the puzzle. Happy trading. This is 100% technical Analysis (Elliot Wave with some fibonacci) and no fundamental analysis has been conducted. This analysis is published solely to further my own education.
TVC:GOLDSILVER
by flyinkiwi10
Gold Futures, Daily Chart Analysis 5/17Implications and Outlook 1. Price action is continually confirming the value of the intermediate-term bearish sentiment of Key Support $1291 and Gold Dip to $1283. 2. The violation of the intermediate-term Gold Dip will undoubtedly bring serious of the bearish implications, having downside targets to next Gold Dip $1269, while Mean Resistance is just above of $1303 3. Current bearish/bullish bias is 60/40 4. For many of you who might be disappointed with the activity in the Gold market, keep in mind that bull markets are designed to get rid of weak players through this form of trading action. Continue to be strong and keep on amassing real Gold and Silver along with the high-quality companies which mine these precious metals.
COMEX:GC2!
by TradingSig
Spot Gold Prepares for Lower PricesWith recent dollar strength and treasury weakness, commodities are taking the hit. Here we have a classic bear flag in Gold A longer-term chart shows Gold in a large rectangular consolidation inside an ascending triangle (triangle on the weekly chart). A break of the bear flag should take price to the boundary of the larger rectangular consolidation, where price may proceed (probably after a partial rise) to fall to the boundary of the triangle, where I would expect it to reverse upwards, however, continuation of the downwards action is always possible. Good trading and good luck!
TVC:GOLDShort
by Ian_Carsen
Is the crash the beginning of the safety haven?It is considered a relative drop in gold caused by the rise in the dollar. The increase in the Dow Jones index and Spx500 has resulted in relatively low demand for safe haven. Let's look at the chart! First, the market made a strong break through the black clouds. Right now, the gold market is in its bottom line, and the market is expected to be resisted by the small cloud, which is a sub-trends after a slight rebound. It is a long time to sell right now. Wait for the market to rebound. When forming a new down-wave, it would be better to safely sell at high points to maximize profits. Don't forget that too hasty chase and trade results in a loss! If you helped me with this information, More information is available at www.allaboutforex.net
TVC:GOLDShort
by Allaboutforex
1
Gold is facing 1.300 againAfter a clear rally, Gold finally reached the support again. Almost every gold trader has the level of 1,300 on the screen and in this area, there is an enormous number of orders, on the one hand stops for all traders that are already long positioned, but also pending orders for long trades. In addition, the level of 1,300 hits the 38 Fibonacci level. Every healthy and strong trend corrects very often to this level. If the level of 1,300 breaks, it could go down with strong momentum. More likely in the current environment is a bounce at this price level and a rising gold price afterward.
COMEX:GC1!
by Tradimo_Official
Gold is Range BoundHi all, I've just gotten back from my extended vacation. The precious metal is range bound and looks like it wants to move down before completing a move up to tag the upper Bollinger Band. The weakness is appearing in the haDelta indicator at the bottom of the chart. A magenta dot just printed which means that the smoothed delta SMA is crossing over the non-smoothed delta. And since this is the second magenta dot in the latest upswing, it does suggest the price will either consolidate or move down. The Heikin Ashi chart below is also showing a slowing of the uptrend. Let's see if we get some clarity over the next few days. In case you're wondering about the new yellow Bollinger Band, I was watching a video that John Bollinger had posted on YouTube and it that video he mentioned that one should try using Bollinger Bands of different periods. So I've added a new Bollinger Band (the yellow one) and set the period to 50. This creates some interesting technical levels with the 21 and 50 BBs crossing and interacting with each other. If you like this post, please click the Like button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.
COMEX:GC1!Short
by GoldBands
Gold Closes Lower, Dollar Strengthens on FOMC AnnoucementGold closed down almost 20 points today as the FOMC announced it would not raise the Fed interest rate in May but left a rate hike on the table for June. But regardless of that news, let's look at the technical aspects of the precious metal's chart. First, the tag of the lower Bollinger Band was what I've been discussing during this bear selloff began in Mid April. This is what I call the 'Coast to Coast' trade, moving from one end of the Bollinger Band to the other. Second, the haDelta indicator printed a magenta dot on Tuesday when the Delta crossed down under the smoother Delta average. This was a bearish signal and combined with the proximity of the lower Bollinger Band, gave statistical weight to holding onto a short position. Third, the Heikin-Ashi candles are in a long red downward trajectory. Although last week ended with 2 weak HA candles, the candles have become stronger the last 2 days which indicates a possible resumption of the sell-off. Now that the lower Bollinger Band has been hit, what is next? We need to watch price action over the next couple of days. If Gold is in an oversold state, then expect a correction to take place. This may result in some sideways action or in a sharp buying spurt. Or, there may be continued sell-off over the next couple of days. Watch the Heikin Ashi candles. If the trend is about to reverse, you will see Dojis and color changes. Also watch for a cross back over the 0 line of both the haDelta Indicator and Elliot Wave Oscillators. I will be out on vacation for the next couple of weeks so I wish all of you good luck trading and protect your profits! If you like this post, please click the Lick button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.
COMEX:GC1!Short
by GoldBands
Gold Closed Slightly Lower after Tagging SupportGold closed slightly lower on Tuesday, down .4 points. In early morning trading, Gold had moved down and touched the lower cyan Bollinger Band, which is 1.5 Std Deviations from the 21 day mid point moving average. The rest of the day was subdued, as we await the next move. The haDelta indicator did print a new magenta dot which indicates that more downside movement is likely. This reverses the yellow, bullish, dot that was printed on Monday. In addition, the Heikin-Ashi candles remain red and the Elliot Wave Oscillator is also solid red. At this point, it is statistically probably that gold will continue moving down at least until it hits the lower red Bollinger Band. Tuesday's Heikin-Ashi candle was a good, strong red candle which was a very nice recovery from Monday's mixed candle that had wicks at both ends. If you like this post, please click the Lick button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.
COMEX:GC1!Short
by GoldBands
Gold Remains Under PressureDespite rumors of a Gold rally that permeated the ideashpere over the weekend, the precious metal continued to sell off today, closing near the bottom of the day and down 14 points. Last Friday's candle, while an up candle, still closed the day, and the week, under both the 7 and 21 day moving average. It was also a red Heikin-Ashi candle. In fact, all the indicators are also red. Finally, I want to point out the if price is trading under both 7 and 21 day moving averages, it is statistically probably that price will hit the lower Bollinger Bands. While nothing is 100% in trading, the odds are definitely in favor of touching the lower Bollinger Band. The haDelta indicator has printed a new magenta dot which signals that the smoothed moving average has turned down below the raw price delta. I do want to call out that Monday's Heikin-Ashi candle did have an upper wick, which is not usually present in a strong trending situation. Let's treat this as a warning only and watch what happens when price does hit the lower Bollinger Band. If you like this post, please click the Lick button, tell your friends, and re-Tweet! Disclaimer: This post is for educational purposes only. Trading is at your own risk.
COMEX:GC1!Short
by GoldBands