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Gold-futures

RLinda ! GOLD-> Price in consolidation Gold is entering a consolidation phase after a fairly strong and active recovery. The level of 1807 is a strong obstacle, so it needs to accumulate energy to overcome this area. In the previous idea, I pointed out the possibility of forming a pullback from 1807, which is what we got. Price is testing 1784 and giving us a reaction. Trading inside the range is difficult, so I recommend targeting the upper or lower boundary. I think price may stay in this 1807-1765 range for a while longer, but in the medium term I expect a breakout of resistance. To buy, consider consolidation support at 1765, or a break of 1807 resistance. Regards, R.Linda!
OANDA:XAUUSD
by RLinda
21
RLinda ! GOLD-> consolidation after the fall. What's next? Gold updated to a high of 1810 and then the price went into a retracement phase, which fell to the key level of 1765 and reached the 0.5 Fibonacci level, what to expect from that? We have an upward price channel and a strong uptrend on the back of loosening tight fundamentals. The price stops its correction at the 0.5 Fibonacci level and moves into consolidation between the 1768 and 1778 level. This can be interpreted multifacetedly, as a set of energy to buy and a consolidation to continue falling. An important nuance will be a price exit from the consolidation. A break-up of the resistance 1778 and its fixation above this level will send the price up to 1807. However, a breakdown of 1768, 1765 and a breakdown of the price channel support will open a potential for the price fall to 1729.5. Regards to R. Linda!
OANDA:XAUUSD
by RLinda
28
gold daily : fibo50 : 1840 is in mind of pro traders we have 2 important fibo in left , personaly i belive gold will reach fibo61 1900 break last candel,friday high is powerful buy signal ,so if you dont have buy ,you can put low size buystop on last high 1761 AC indicator give buy signal,if last low not break we will see +up trend in coming days big banks net open buy increase in last 2 week so 90% looking for buy and when gold go up ,dont pick reverse sell it can go upper without pullback and dont allow you exit from sell , never forget gold love buy and go up wild good luck
FX:XAUUSD
by ramin_trader2006
1
RLinda ! GOLD-> Overview of the local situationGOLD in a technical pullback format after breaking the descending channel and reaching resistance 1728.5 falls to the support of the local range 1660. Gold trades in a range between 1688.9 and 1660.4 and I suspect that the price may move in a consolidation for some time. What do you want to see next? 1) Long scenario: The gold is in the risk zone, because the price channel was broken earlier, but there was no confirmation of the trend change, but there might be a potential to break the resistance at 1688. In that case our target will be the liquidity zone of 1728.3 2) Short scenario: we have a strong bearish trend on the global chart, the price updates the global lows and the movement after testing resistance 1728 coincides with the direction of the pullback. The price can go down from consolidation under sellers' pressure. In that case, the support area of 1628 will be the target. Regards R.Linda!
OANDA:XAUUSDLong
by RLinda
44
RLinda ! GOLD-> Overview of the global situation!GOLD - Overview of the global situation. On the chart I saw the global uptrend and the price movement in the channel, which began fresh formation since 2015. Pay attention to the price reaction to the support of the channel - it is very strong and forms strong movements in one direction or another. Also, I marked the range 2075-1677, two identical impulses from resistance marked the global range, the price continues to trade in this direction. A pullback to support is forming. And this zone is quite strong, if you consider how the price previously registered on the upward support line (channel support) The important level on the chart is 1677, which is a huge liquidity zone, and I think that in the mid-term we will see the price reach that area. And after the retest, perhaps, it will start its recovery. Sincerely R.Linda!
OANDA:XAUUSDLong
by RLinda
17
Should You Buy Gold? Yes! But Not Yet! Check It OutHello there! I want to be detailed on Gold in this analysis. I just decide to post an idea about it because I discovered something in the H4 timeframe that looks different from the other timeframes like the H1, 1D, 1W, and even the 1M, which can make some traders make the wrong decision going against the next market move. But first, I want to show you something in the monthly timeframe chart, then I will post the H4 chart to see what could happen when the Gold market opens. Look at the monthly analysis well so that you can understand what is going on now and what could happen next in the Gold market currently. Monthly Timeframe In the monthly chart, you can see that the Gold market has rejected the strong support level by forming a small bullish pin bar at the key support area. Warning: you must be careful here if you are deciding to sell Gold. The pin bar is not a classic kind though, it can have a bullish effect on the Gold price movement in the coming week. As a result, be very careful. Why? It's because ofe the context where the pin bar candlestick has appeared matters! Daily Timeframe In the daily timeframe, an engulfing candle, but not so strong, has formed at the key support level area, signaling the reversal to the upside. So, the Monday candle could close with a "wick below". H4 Timeframe In the H4 timeframe, there is a tendency for the price to experience a short-term bearishness, to reverse to the support level, creating a "W" or "double bottom" pattern before completely taking a rally to the upside. This means we can make sell trade decisions here and exit close to the support, not exactly at the support level though. Why the bearishness? The inside bars have formed at the key resistance level, showing a loss of momentum in the bulls of Finally, the timeframe to pay much attention to is H4 for now because a bearish pin bar has formed in it. Take note of this and the stochastic seems to be going bearish, moving away from the overbought zone
TVC:GOLDLong
by OraclePips
Should You Buy Gold? Yes, But Not Yet! Check It OutHello there! I want to be detailed on Gold in this analysis. I just decide to post an idea about it because I discovered something in the H4 timeframe that looks different from the other timeframes like the H1, 1D, 1W, and even the 1M, which can make some traders make the wrong decision going against the next market move. But first, I want to show you something in the monthly timeframe chart, then I will post the H4 chart to see what could happen when the Gold market opens. Look at the monthly analysis well so that you can understand what is going on now and what could happen next in the Gold market currently. Monthly Timeframe In the monthly chart above, you can see that the Gold market has rejected the strong support level by forming a small bullish pin bar at the key support area. Warning: you must be careful here if you are deciding to sell Gold. The pin bar is not a classic kind though, it can have a bullish effect on the Gold price movement in the coming week. As a result, be very careful. Why? It's because ofe the context where the pin bar candlestick has appeared matters! Daily Timeframe In the daily timeframe, an engulfing candle, but not so strong, has formed at the key support level area, signaling the reversal to the upside. So, the Monday candle could close with a "wick below". H4 Timeframe In the H4 timeframe, there is a tendency for the price to experience a short-term bearishness, to reverse to the support level, creating a "W" or double top pattern before completely taking a rally to the upside. This means we can make sell trade decisions here and exit close to the support, not exactly at the support level though. Why the bearishness? The inside bars have formed at the key resistance level, showing a loss of momentum in the bulls of Finally, the timeframe to pay much attention to is H4 for now because a bearish pin bar has formed in it. Take note of this and the stochastic seems to be going bearish, moving away from the overbought zone
TVC:GOLDLong
by OraclePips
1
RLinda ! GOLD ! Potential bull trendGold. Earlier, as I said, in the correction format, we saw price confirmation of the support zone of the upward price channel. We have a wide price channel at the moment, which opens new boundaries for us. On the chart we can see that the price forms a strong momentum from the support zone 1733 and after the retest breaks through the resistance 1752.5. With the possible fixation of the price above the resistance level of 1752.5, there are all chances of growth to the level of 1784.38. I assume that this resistance breakout can be true and form a good upside potential for us. Short-term target is the resistance level of 1784.38. Regards to R.Linda!
OANDA:XAUUSDLong
by RLinda
15
Gold Futures - potential setupsCOMEX:GC1! Hello everyone! 🛎 Let check the trading idea for Gold Futures 🤗 Not making anything difficult everything is pretty straightforward. 👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate. 🟢 👉 2. Price goes BELOW the selected range. below. Short positions to activate. 🔴 ---------------------------------------------------------------------------------------------------------------------------- ⚠️ Important Notes: 1. Always follow your trading plan regarding entry, risk management, and trade management. ❗️❗️❗️ 2. Timeframes: up to H4 ---------------------------------------------------------------------------------------------------------------------------- 😉 If you like the idea there was a like 🚀 and sign up so you can continue receiving great ideas like this one and also for us to make pattern the idea! 🤝 💪 Profitable lock for everyone! 🙏
COMEX:GC1!
by Solidity_best_options
1
GOLD ! Lingering correction. Where could the price reverse?💤Gold continues to pull back down to the strong support zone. I assume that this maneuver can be considered as a correction after the breakdown of the global downward price channel for the time being. On the chart you can see that the price is going down to the resistance of the descending channel and the important point will be the contact of the price with this trend line. I assume that the price can still fall, but to the old trend line and it is worth paying attention to the price reaction to this very chart element. I think that after the test the price may form an upward impulse, but at the moment the local fall will still continue. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
15
CUP & HANDLE. How the pattern works☕️ ✅This pattern is not as popular among traders as "Head and Shoulders", "Double Top" and other classic patterns of technical analysis. However, this does not mean that it is not so effective. In fact, the "Cup & Handle" pattern is in no way inferior to the above patterns in its reliability and, if used correctly, can bring considerable benefits to the trader. ✅Below we will look at how the "Cup & handle" is formed, what are the signs of authenticity of the formed pattern, and the trading strategy for it. ⚠️How the "Cup & Handle" formation is formed The formation of this pattern occurs on an uptrend and is a sure sign of its continuation (subject to the conditions of authenticity of the pattern). In essence, it is a cup - an uptrend correction. The price reaches a strong resistance level, cannot overcome it, and smoothly rolls back, forming the left wall of the cup. Then it smoothly unfolds along the bottom and rises to test the level again. Having reached the level, it rolls back down again. This rollback should be much smaller than the previous one, and it forms a handle. The handle of the cup is very often formed in the form of a "Flag" pattern. The "Cup & handle" pattern is considered fully formed when the price, having formed a "handle", returns up and breaks through the resistance level from which the pattern formation began ⚠️Confirmation of the truth of the "Cup & handle" pattern There are several conditions, without which the formed pattern cannot be considered true. These are the conditions: 1️⃣To begin with, as mentioned above, for the formation of this pattern, it is necessary to have an uptrend. Without a trend, there is no point in looking for this formation on the price chart, because even if you find a drawing of an ideal cup with a handle, it will be just a drawing that has no meaning. 2️⃣The depth of the forming cup should not exceed 2/3 of the height of the previous uptrend. The optimal depth of the cup is within 1/3 - 2/3 of this value. The depth of the forming handle should not exceed a value equal to ½ of the depth of the cup. 3️⃣The most reliable is the "Cup & Handle" pattern formed on daily or weekly timeframes. Of course, it can also be formed on hourly charts, but where the probability of its triggering is somewhat lower. 4️⃣The "Cup & handle" pattern should be confirmed by the indicators of the volume indicator. Volumes should grow at a time when the price is moving in the direction of an uptrend and fall when it decreases. Also, a sharp surge in volume should accompany the moment of breaking through the price level at the end of the formation of the figure. 🟢Trading strategy based on the "Cup & handle" The entry into the position is carried out after the completion of the formation of the figure. It is recommended to wait for the price to close above the resistance line. To do this, you must constantly monitor the schedule in anticipation of the right moment. There is also a strategy for opening a position on a pending order, in which case there is no need to sit and wait for the completion of the figure. A pending order is placed at a level slightly above the resistance level (approximately 10 points) and is triggered if the figure is completed. The target level for this pattern is the height of the cup, laid up from the resistance level. Therefore, we set the profit-taking level of TAKE PROFIT either at the target level or 10-15 points below it. As for the STOP LOSS limit order, it should be placed at the level of the bottom of the handle (or slightly lower). ❗️In conclusion, I will say once again how important it is to correctly identify the "Cup and Handle" formation before you start trading on it. Carefully re-read the rules confirming this pattern. Try not to mess with the patterns formed on small timeframes. Take your time, be patient, and remember that the absence of open positions can also be considered an excellent position. ❤️ Please, support our work with like & comment! ❤️
OANDA:XAUUSDEducation
by UnitedSignals
6
can gold show significant bounce playrecently gold futures has reversed around a key level after a terminal thrust and distribution that ultimately left it back where the weekly reversal took off from a higher low. it has reversed sinking daily vwma and trama and crossed above them while finding support at those levels. what is needed now heading toward positive macd is rising trama and staying above vwma. this may lead to a bounce to anchored vwap that has been flattening out around the 1900 level.
COMEX:GC1!Long
by cerealpatterns
Gold (GOLD1!), H1 Potential for Bullish bounceType : Bullish Bounce Resistance : 51260 Pivot: 50862 Support : 50579 Preferred Case: With prices moving above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 51260 in line with the 127.2% Fibonacci extension and overlap resistance from our pivot of 50862 in line with the 23.6% Fibonacci retracement and horizontal overlap support. Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 50579 in line with the horizontal overlap support and 38.2% fibonacci retracement. Fundamentals: Due to increasing inflation rates in both the US and UK, we have a bullish view on the precious metal.
MCX:GOLD1!Long
by Genesiv
Gold (GOLD1!), H1 Potential for Bullish bounceType : Bullish Bounce Resistance : 50906 Pivot: 50469 Support : 50300 Preferred Case: With price moving above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 50906 in line with the 61.8% Fibonacci projection, 100% fibonacci projection, -27.2 fibonacci expansion and overlap resistance from our pivot of 50469 in line with the 38.2% Fibonacci retracement and horizontal overlap support. Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 50300 in line with the horizontal pullback support, 78.6% fibonacci retracement and 50% Fibonacci retracement. Fundamentals: Due to increasing inflation rates in both the US and UK, we have a bullish view on the precious metal. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
MCX:GOLD1!Long
by Genesiv