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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.
COMEX:GC1!Long
by theoris
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.
COMEX:GC1!Short
by oualidskh
2
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.
COMEX:GC1!Short
by oualidskh
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.
COMEX:GC1!
by goodguy
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
COMEX:GCJ2018Long
by SuppasitWechprasit
Gold Future (CME)Turtle Soup. Trade setup with Buy Stop position (EP) at 1336, Stop Loss (SL) at 1329 and Take Profit (TP) at 1350. 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 7 Tick from EP to SL, with 1 Con, I will lose 7 * $100 = $700 To lose 1,140 USD I need to open 1,140 / 700 = 1.62 Con Then I will put 1 Contract If I win, I will gain (1350 - 1336) * $100 * 1 Con = $1,400
COMEX:GCJ2018Long
by SuppasitWechprasit