Gold Futures exactly at mid channel support. Gold futures are exactly at Mid-Channel Support for Gold Enthusiasts. Mother line support is already broken after head and shoulders formation in Gold. Gold Futures CMP is 75200. If Mid-Channel support 74436 (Major Support) is broken we can see gold fall to 73175 or even 71192 levels where Gold will come down to meet the Father line support of 200 days EMA. Resistances for gold on the upper side seem to be at 75836 (Major Mother line resistance of 50 days EMA). 76498, 77683 and 79K. Gold is looking little weak on charts and if Mid-Channel support is broken 74436 it will become vulnerable.
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Goldfuture
Before Gold move to new fresh zone.From the chart, it can be seen that gold will move within a zone and needs to transition to new zones. It will need to move at a rate greater than 20% in the early stages and will continue to move within that zone until new factors come into play to facilitate further movement.
My criteria zone 0, 500, 1000,1500,2000,
Example
zone 1: 1000- 1500
zone 2: 1500 - 2000
zone 3: 1000 - 1500
zone 4: 1500 - 2000
zone 5?
Currently, the closing price is above the closing price of gold in the past and is consolidating downward. If it can hold within this zone, it may be able to move further by about 20% and maintain its condition in this zone until new factors emerge.
GC1 Gold Futures (Buy Signal)Probability: 80%
Read Carefully
The market will keep going up
Take profit & Stop loss: montioned on the chart
If the Green Candle Cut the TP line with Force => use the Yellow line as a Resistance + New Take Profit 2.
If the Green Candle Cut the Yellow Line With Force => Use Orange Line as A resistance + TP3 and use the Yellow Line as a Support.
Note: All Tp & SL ( Manually) and i follow my own strategy to Close the trade
GOLD FUTURES (GC1) 15MIN SWINGProbability: 65% ( read it carefully)
The market will keep going up ( swing)
Stop loss: if the Red candle cut with Force the Red line ( i close the trade manually)
Take profit 1 : Green Line ( manually)
If the green Candle Cut with Force the Green line Then:
Yellow Line: is our second Take profit 2.
Gold Future, is it trying to break the max price level !!!Hello traders,
The Gold Future is still increasing. GC takes each time an upward trend to reach a level (A, B, C, D) and after each one GC consolidates that level by a light decreasing trend or a trading range.
Currently, after consolidating level D, GC will try to reach the level price of 1827. If there were important volumes of buyers we will record a new maximum price for GC, it will break that resistance of 1827.
However, if GC wasn’t taken by buyers, we could see a rebound on resistance and a decreasing trend. It’s the most probable scenario. In that case, we should wait the break of the upward trend, it will give a clear idea about the new trend.
Thanks for reading this GC’s analysis.
I hope it helps you in your trades.
GC keep pushing upHello traders,
After yesterday’s record, the Gold future seems to continue in its increasing trend.
Right now, we have a green high volume that is a sign of a new impulse. GC seems attacking a new target level price.
So saving our buying position seems a good choice.
for intraday trading, we sell at the first red volume and a red candle.
GC intraday tradingHello traders,
What about Gold Future!!
Let’s assume that GC is taking an upward trend since 5 June. However, GC has broken that line trend down, and it is going again to the previous trading range.
Now, we have signs that GC will increase again (this is for intraday trading) and try to reach level L1, and could break it and reach the trend line.
If these thresholds aren’t reached, we sell at the first red volume and red candle and take profit.
Gold future evolving in a trading range Gold Future is evolving inside a trading range.
For intraday trading, we have now signals of buying; we talk here about the higher volume and the wick of the candle that assure an increasing trend.
The GC will try to reach the Resistance R0, after breaking the VWAP.
If we have high volume we could expect a break of that resistance, which means a new increasing trend. If it couldn’t, it will continue to play inside that trading range.
The advice is to buy now and sell at the first red volume and candle (For a safe trade), or wait itto reach that resistance R0.
GC Preparing for a new trendHello traders,
After having an increasing trend, GC seems entering in a new trading range.
If the GC could break the trading range above it, in other terms, if it could break the level of maximum of 18/05/2020, we will have a new increasing trend that aims to reach the level price of 14/04/2020.
Otherwise, GC will continue evolving in that zone or even go down.
Gold at decision point: UP or back and forth?Gold has now reached the target I gave in July of 2018. (see link below if interested). One possibility is that a 4th wave triangle consolidation is now over and gold has starting a final major wave up before a major correction. If so I would expect the price to exceed the high at "33". If however the price starts dropping from here and breaks the current uptrend line then I would favor the current consolidation is not over and we could see back and forth action for a few years. If it keeps going up I have shown a few possible targets. If it goes down I will later post possible down targets. If the US dollar starts dropping again I would think that would favor gold will rise. We'll see.
Process your way.
Take care.
GC1! : Horizontal motion channel and possible movementsHorizontal movement (1045 - 1377) on the monthly chart and possible movements
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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Gold Future (CME)Double Re-penetration Pattern. Trade setup with Buy Stop position (EP) at 1337.5, Stop Loss (SL) at 1333 and Take Profit (TP) at 1342.
Money Management
I have 22,800 USD in my portfolio. I can lose 5% of the port which is 1,140 USD.
Position Sizing
1 Tick = $100
1 Contract size need IM = $3,850 (I can open not more than $22,800 / $3,850 = 5.92 Cons)
It is 4.5 Tick from EP to SL, with 1 Con, I will lose 4.5 * $100 = $450
To lose 1,140 USD I need to open 1,140 / 450 = 2.53 Con
Then I will put 2 Contract
If I win, I will gain (1342 - 1337.5) * $100 * 2 Con = $900