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Goldfutures

GOLD (Inflation Hedge)As previously mentioned in my outlook of SPY , the best way to play this is ticker GOLD. Barrick recently breached the 200 day MA and is currently resting here. Today it traced back down to 200MA and went back up. There are buyers here waiting to see what happens. If you read my SPY idea, you can look back and see what happened around the end of 2018. Gold Futures went up alot but was also trading between 1200-1300 per ounce. Current Gold Futures is at 1890! I see a big huge upside for Barrick here. I hope you see it too.
NYSE:GOLDLong
by CTRLZEEE
5
GOLD FUTURES - UPSIDE BREAKOUT IN PROGRESS !M1 : Resistance downtrend line of the channel under attack. Above TS. Next resistance level @ 1895 ahead of 2028, 2136 and 2244 W1 : Downtrend resistance line breakout in progress and more important, top of the clouds under attack too. A weekly closing above 1880 would be seen as positive in opening the door for the targets above mentioned. D1 : Above the clouds. Ongoing uptrend channel with a attempt to breakout the top of this channel Watch D1 support zone between 1830 and 1800. A failure to hold above that zone would put the focus on the clouds zone support H4 : Above the clouds and the cluster (KS,MBB and TS) First support @ 1860 ahead of MBB @ 1850 H1 : Above the clouds in a sideways price action (1860-1875) M30 : Within the clouds. Watch 1860 as mentioned in H4. M15 : Below the clouds M5 : Breakout attempt of the top of the clouds in this time frame CONCLUSION : GLOBAL PICTURE IS BULLISH FOR GOLD. WATCH 1760-1750 AS SUPPORT ZONE ! A FAILURE TO STAY AND HOLD ABOVE THIS AREA WOULD TRIGGER FURTHER SELLING PRESSURE CALLING FOR LOWER LEVELS TOWARDS THE 1700 AREA, FORMER DAILY CLOSING LOW !
COMEX:GC1!
by Ironman8848
GOLD Breaking Out and New Highs! 1823.13New Highs for Gold at 1,823.13 Metals is looking strong as Cooper printed new records high Silver has a similar structure than Gold and also climbing higher. The key for trading breakouts is timing, I prefer to buy the breakout pullback & backtest of the new support which was the breakout resistance. I also look for entries once we have a 1-hour candle close above the resistance with expanding volume. I don’t enter positions when it's too overextended from the 9ema, I will consider a position once this new level has proven and built a base and the 9ema has caught up. Will be updating as we go. Sharing humbling my POV and I'm available for any questions and/or further discussion 🙏🏼 I'm a Full-time Life & Market student, always learning! Best regards and Happy Trading! #JutsuTrading #KeepItSimple 😉
TVC:GOLD
by UnknownUnicorn21414332