Goldfutures
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.
GOLD FUTURES WILL TEST $1576Comex gold futures will test $1576 for its final leg of proceeding wave C next week.
good opertunity for physical buying
COMEX GOLD $1506?Ongoing correction in COMEX gold futures will aggravate if it breaks bullish support line($1655), and may free fall upto 1506 within 2 weeks.
Gold, Set up TradeGold, break out Significant Support! Short at the Retesting Area. Watch out Friends!
LONG TERM VIEW IN GOLDGOLD HAS ALREADY REACHED THE PEAK OF THIS PERIOD AND ITS THE TIME TO CORRECT AND ALREADY CORRECTED LITTLE BIT, AS PER TREND ANALYSIS AND CHART PATTERNS AND FUNDAMENTALS IT HAS TO CORRECT AND 200 TO 300 DOLLARS. THIS CHART PATTERN WILL FAIL ONCE IT BREAK AND CLOSE ABOVE THE TREND LINE RESISTANCE
GOLD AT A MAJOR DISCOUNTToo much attention into BITCOIN causing GOLD to sell off imo. GOLD will head much higher soon. I would buy again if it does dip, but 1769 was probably the bottom. The dollar will be at sub 89 soon enough, and it has not been around that level in 3 years. I predict bonds will fall as well. Everyone will be chasing gold sometime this year. GL all.
gold buy (short)i hope my analysis and forecast of the gold price trend next week is correct.after the price reaches the goal .i subsequently draw the next goals.
GOLD FUTURES 1D TF SET ALERTS FOR GOLDS DROP TO THE BOTTOM OF THE CHANNEL , LOST THE SUPPORT OF THE 200EMA AT THE PRESENT AND THE DXY MAKING A BIT OF A COMEBACK HAS PUT THE PRESSURE ON GOLD . WITH THAT SAID WE ALL KNOW THAT THE FED JUST KEEPS PRINTING SO SET ALERTS FOR THE BOTTOM OF THE CHANNEL BEFORE FILLING LONGS AND WATCH THE REACTION FIRST . TARGETS ARE LAID OUT ON CHART ... LIKE AND FOLLOW WOULD BE GREAT
Gold Futures AnalysisGold Futures Analysis
The Idea is to go long as per Major trend, but wait the end of the price retracement before going log.
Possible Support Levels:
1800 USD
1700 USD
If the support 1700 USD will not be broken in the next months, target price might be 2100 USD
COMEX:GC2!
Gold is seeking for Resistance before moving down further.XAUUSD moved sharply to the base and now searching for Resistance in sideway move, In fact we can not perdict gold move perfectly till it give some reasonable data. So wait for next move than only we can suggest the most probable direction.
