Get started

Goldfutures

GC1! ANALYSIS (short term)Hi traders :) I'm Guario and this is a forecast about Gold Futures possible price action. As you can notice from the chart the metal is moving in a very tiny range along with a Stochastic divergence which gives us a bearish signal. This could be a very low risk and profitable operation although I suggest to place any entry order under the volumetric zone of 1479.8. Look at the chart for possible stop and target levels. Write me in the comments for any question, thought or critic. Good luck :)
COMEX:GC1!Short
by Guario
1
Gold target up to $1500-1505. Market structure changing.Gold manages to hold support structure at $1464 which means that a higher low was made and the recent higher high suggests a change in bull structure. The upside seems to be opening up and the buyers are holding the structure. Buy volume has come in on swings higher. At this point we need to see the channel that we've drawn hold well on the support end and break through the resistance part. Based on the Fib extension, the target for the upside move is $1500-1503 and for that to happen we need to see a new high occur in the coming week. So that means a move into $1490-95 on good volume then hold another higher low support point around $1480. The rotations that have occurred at the $1464 support level were expected, based on the 4-hour chart that is where the impulse for the move into a new recent high started. So that is the last chance for the buyers to come in and move price higher. Disclaimer: This trading idea is for educational purposes only, this does not constitute as investment or trading advice. TRADEPRO Academy is not responsible for any market activity.
COMEX:GC1!Long
by TRADEPROAcademy
Gold up to $1500? Trade war seems to think so...Gold was recently looking really bearish as trade news started to flush out of the US that did not look to good for the remainder of the year and the schedule they had planned. A double bottom formed on Gold at $1447-1450 where price rallied and nearly hit $1490 on its way up. The idea here is that there is strong resistance at $1485-1490 based on the low volume node from the year to date volume profile and the previous structure support that is going to act as resistance this time through. Should that level break we can see a move into the year to date POC and ultimately the $1500, the $1490 area will act as support on the retrace lower as well. This upside can be further opened on gold if the trade talks continue to deteriorate over the next few weeks and it puts downside pressure on the US equity markets. If this area holds resistance and there are intraday rotations at the level then we could see another move down to $1445-1450. Disclaimer: This idea is for educational purposes only, this does not constitute as investment or trading advice. TRADEPRO Academy is not responsible for any market activity.
COMEX:GC1!Long
by TRADEPROAcademy
Gold: Technical & Fundamental SHORT to $1420Gold recently held the broken support as resistance at $1475 and moved lower well. There is an indication that it could slide through the support structure immediately at $1457 and then $1445. Both Fundamentals and Technicals show a weaker gold market. The wicks that formed at the $1475 resistance mean that the sellers are strong and not to mention the volume on the swings lower was strong than any rally. The market has recently formed a month-long downward channel that we expect to hold and break to the downside. The bottom end of the channel and target is $1420, below that a slip through could bring gold down to $1380. From a fundamental standpoint, the gold price is correlated inversely to the USD. The USD price movement is based on the Federal Reserves Monetary Policy. The Fed no longer has a mega dovish stance, and just because of that in the short term we can see a stronger USD into the new year. This puts downside pressure on the gold market. Helping the bears come in on strong volume.
COMEX:GC1!Short
by TRADEPROAcademy
Homerun 2020 Trade - Long $ALTAI continue to sit on the bid in $ALTA and smelling jackpot any 'day' in the Juruena gold belt. The focus with this is Brazil and those following in the Telegram will know I am very bullish on Brazil economy and BRL: A lot of progress on all fronts, however, the thesis is threefold: (1) ...Firstly updates coming from contracts which have been signed with a local Brazilian gold mining group, these are the guys who install plants and expectations are now by mid 2020 ALTA will be drilling 700,000 oz at a grade of 1.2 g/t. This is obviously great for revenue and will bring ALTA at least another $2m. (2) ...On the Western part of the belt they have another project on the belt with one of the largest gold mining producers in the belt, from early reports I have access to from mapping show 4x1km in size, with an average grade of 1.5 g/t. Permits coming in H120, and drilling starts in H220. (3) ...While the last leg to the stool is coming from another 60km project with Gold and Copper. Again mapping and surface samples show a lot of Copper with trenching in 2020. Fundraising here is the key to take this last leg into production. For those tracking the previous idea and levels, we are sitting at the lows right on time for a next round of funding and a key volatility event at the 0.50 level. With that in mind I will adjust the exits lower to allow breathing room as we pass through the noise in this funding chapter and extend targets for the after the fact announcement; On the Gold front the flows I have previously covered here: Three fantastic products which has potential of a portfolio of 15m oz, smart money smells the change and is time to start pricing. Best of luck all those tracking $ALTA and mining exposure Brazil; as usual keep the likes coming and feel free to jump in with any questions or comments on this one.
TSXV:ALTALong
by ridethepig
4
GOLD (Prj.Y19.P2.E1).Downtrend.There is TA and there is the Global Market. It seems those central banks are stocking up on Gold stealthily and probably have obtain enough gold for the time being. Who knows what their 6 months plans. Having said that, here is TA based on some key fib.levels, etc. Downtrend heading for the Daily 200 EMA. 0.5 or 0.618 fib retracement will play a key role. Just like BTC, the golden zone, 06.18 is to be watched. If you been watching Bitcoin, this chart looks very similar in terms of the top and its decent to the middle level where BTC burst back up (at the 0.618 level)>
TVC:GOLDLong
by ssari
Gold more Likely to be ShortMarket Makers as we see gold has risen since a bounce off support in Aug. We see peak A sell off a bit to make peak B which was followed by two bear candles that seemed to hit our support from peak A making a large green candle closing above peak A. Therefore a natural reaction to Buy thinking its a strong side to the upside. Bullish upside was rejected and fell past the previous low. Seeing candle D with a long top wick going above the previous low tells us the move downward was unexpected and price was forced upwards on Candle D to cover loses. thus bears can continue down in a fashion that can be projected by support and resistance. Now to determine the length and actual confirmation of our short position we will use the 100 Range chart. To determine which way our position will go we will use the predetermined length of the Range Bar. seeing as how our bar doesn't have much left to move before a new one forms and is red. we will draw a red perpendicular bar from the high to the predetermined length. This will give us a confident look at what price may fall too. Now before we enter our short forsure we must check all options including the possibility of an upside move. Draw a perpendicular line from the bars low to the predetermined high giving us another good price range if our short was wrong. -LNP Investmemts
COMEX:GC1!Short
by tonyinvests
FAKE GOLD BARS FOUND! JP MORGAN..BUY STOCKS, SELL GOLD!After reading the fraud taking place within the GOLD market with fake GOLD bars being found with possibly thousands or maybe even millions more yet to be found, in our opinion, you are playing a very dangerous game buying GOLD now! Read Story...JP Morgan gets hit with Fake GOLD bars... Exclusive: Fake-branded bars slip dirty gold into world markets www.reuters.com TO BE ON THE SAFE SIDE, WE WOULDN'T TOUCH GOLD RIGHT NOW...NOBODY KNOWS HOW MANY FAKE GOLD BARS ARE FLOATING AROUND THESE BARS ARE NOT ONLY FAKE, THE GOLD WITHIN THE BARS IS DIRTY GOLD, NOT PURE...THIS IS EXTREMELY ALARMING IN ITSELF! CHINA IS PROBABLY TRYING TO TANK THE GOLD MARKET JUST LIKE THE WAY THE DIRTY COUNTRY MANIPULATES THEIR CURRENCY...AND CORRUPT DEMOCRATS, DIRTY POLITICIANS AND DUMB LIBERALS DON'T WANT TARIFFS ON CHINA..???? STUPID FOOLS...!! IN 2012, A GUY WAS PRINTING FAKE BILLS. HE WAS PRINTING SO MANY, IF HE CONTINUED AND DIDN'T GET CAUGHT, HE COULD HAVE CRASHED THE WORLD ECONOMIES...READ.. www.businessinsider.com THIS IS WHAT WE SEE HAPPENING NOW WITH FAKE DIRTY GOLD BEING DISCOVERED...CHINA IS FLOODING THE GOLD MARKET WITH FAKE GOLD BARS ... JUST LETTING EVERYONE ON THIS BOARD KNOW... BEST OF LUCK WITH YOUR TRADES! DISCLAIMER This website and our posts are for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this website and our posts has been researched and is thought to be reasonable and accurate, any investment is speculative in nature. StockKid, and/or our agents cannot and do not guarantee any rate of return or investment timeline based on the information presented herein. By reading and reviewing the information contained in this website and our posts, the user acknowledges and agrees that StockKid, and/or our agents do not assume and hereby disclaim any liability to any party for any loss or damage caused by the use of the information contained herein, or errors or omissions in the information contained in this website or our posts, to make any investment decision, whether such errors or omissions result from negligence, accident or any other cause. Investors are required to conduct their own investigations, analysis, due diligence, draw their own conclusions, and make their own decisions. Any areas concerning taxes or specific legal or technical questions should be referred to lawyers, accountants, consultants, brokers, or other professionals licensed, qualified or authorized to render such advice. In no event shall StockKid, and/or our agents be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this website, our posts or any information contained herein. StockKid, and/or our agents specifically disclaim any guarantees, including, but not limited to, stated or implied potential profits, rates of return, or investment timelines discussed or referred to herein.
TVC:GOLDShort
by UnknownUnicorn3159981