Goldfutures
the destiny of gold for looong !$! Hi investors and traders !
i recomand to sell the gold in the next months (2 or 3 years) , so i made my decision based on fondamental analysis because we have many facts to support that decision , moreover it based also on tecnicale analysis which gave me a global vision for the next months
best wishes
Gold bears HOLDGold has correlated a lot with DXY in the past weeks. Expecting price to head back down from the daily trendline bounce
Technical analysis update: XAUUSD (25th August 2021)Gold took some step back after its breakout above 1800 USD. It currently trades around 1792 USD. We think upper bound of downward moving channel should be closely observed in the following days as it currently acts as immediate support for gold. Plunge below this level could lead to short term weakness. Although, we expect 1750 USD (previous support/resistance) to hold in case of further selling pressure. Stochastic is bullish. RSI continues to change back and forth from neutral to bullish on daily timeframe. MACD has bullish direction and we expect it to perform crossover above 0 points. We expect this to be very bullish for gold. In the big picture we remain bullish on gold with medium term price target of 1850 USD and long term price target of 1875 USD. Though, our price target for next 12 months is much higher at 2100 USD.
Prior developements from 10th August 2021:
Here we noted that price of gold was attractive for long entry. We also announced that we believe gold is near end of its struggle to move higher.
Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
Gold Near Bear MarketIf we get a break below the daily support level as we did with the H4 broken zone. The market is expected to decline below 1600.
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BTC Futures, Gold Futures, Dollar FuturesI like to use these charts to get an overall feel for investor sentiment when trading/investing in these markets. I believe having future's pricing data available gives us some insight into whether we are in a Risk On/Risk Off environment. Right now, compared to a few weeks ago we see some changes across the board. BTC is below a key weekly level (below Daily 50 and Daily 200) and trading bearishly within a Demand Zone. We see Gold now above the Daily 50/200 trading bullishly.
The Dollar and the Forex Dollar (DXY) seem to be in alignment with the bullish sentiment but is it going to be a "real" bull run or are we seeing short-term optimism waiting for the other shoe to drop based on US financial policy decisions?
Gold Back to All Time Highs1. Gold price is entering a narrow wedge with an 11 month resistance and a 2 year support. This support has repeatedly been tested over the last 2 years, and is more powerful than the medium term resistance level.
2. Price is currently at the top of the wedge. A break of resistance sets up a run to all time highs, with pull backs around 1915.00 and 1965.00. I expect price to move higher swiftly after a break of 1820.00.
GC1!Futures In A Very Important Area!Hello ladies and gentlemen, according to my GOLD Futures chart, we note that since JUNE 25 2021, GC Futures has entered a downtrend even today, approaching a very strong support level at $1,774.
GOLD excellent time to buyTHe metals went on sale yesterday, this is a great time to buy.
Gold backtested the break out channel on the weekly chart perfectly and held above it. this is very bullish long term.
Gold Bears! Let's take a look at Gold in momentum terms... Daily momentum is flat, 4 hour is bearish and increasing, 1 hour is bearish... if today we print a bearish candle on the daily then the next two - three days we'll see Gold fall back down to 1860 level.
Happy Trading folks!
Cheers!
gold gold future weekly chart. livermore accumulation cylinder into bull flag breakout. currently retesting the breakout.
GOLD WILL COME TO $1440 ?When every one bullish in this yellow metal, we have to look at the wave analysis for long term cycles. It's hard to agree
After tremendous bull run(3rd wave) from march 2000 to September 2011 ,Gold is in 4th wave consolidation(3,3,5 Normal flat)
Emerging C wave will bring gold to 1440 levels(minimum61.8%) in october this year and followed by $1060 in 2024.
logrithmic scale choosen for clear visual of wave labelling.
GOLD FUTURES (MCX) :: BULLISHDATE: 23/5/2021
INSTRUMENT: GOLD MCX
TREND: BUY
TIME FRAME: DAY
CMP: 48404
BUY ABOVE: 48875
STOP LOSS: 48117
TGT 01: 49699
TGT 02: 49973
TGT 03: 50319
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
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.
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 !
Gold on its way to 1864As been following Gold for over a month and notice that after every target it hits, it takes pause for week or more before moving higher. Once it moves past previous week high, looks like it is going to test 1864 level. Next immediate target would be 1875 if close above that much more higher move expected.
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 😉
Gold futures looking bit shiny!Going to next target 1805. A close above 1814 would be quite bullish for Gold.
GOLD; Trading Road Map through the end of 2021Not surprisingly this coincides with the path the USD is most likely to take through the end of this year - 2021.
