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Gold SPRD Trust ETF. Gold XAUUSD forecast and technical analysisIf you are looking to trade Gold SPDR Trust ETF (Exchange Traded Fund) or Gold XAUUSD cash market, the long term Gold GLD forecast is bullish. Gold ETF has been rallying for the last weeks creating new strong impulses on the weekly timeframe showing more strength on the bull side. Currently we have a weekly supply imbalance in control around $126. As supply and demand beginner traders, we should not be trading against such an imbalance in control. Last time that imbalance was tested price dropped strongly for some weeks. We should be looking of long positions. There is a strong demand imbalance created lower around $121. Trading Gold ETFs like GLD SPDR trust is no different to trading any other precious metal. All precious metal futures follow the supply and demand principles that tell us we shouldn’t be buying after a very strong rally or selling after a very strong drop. Trading is all about waiting for the right scenario before pulling the trigger blindly. As a swing trader, you should not be looking to go long now on GLD SPDR trust or Gold XAUUSD. Watch GLD SPDR trust video analysis below for full details.
AMEX:GLDLong
by AlfonsoMoreno
SPX DownTrend to Correction OR Crash; Oil/Gold Divergence!Looks like a crash setup. Powerful bearish divergence in oil - dropping while gold rockets. Last seen this divergence in 2000, 2008 just weeks before the crashes. Probably not a good idea to sell puts short right now... Fool's rally going for a day or two; if we see a pinbar that would be identical confirmation pattern we saw in Aug 2008. Rally could get as high as 26200 Dow, near 2880 SPX; or just get rejected from the down channel TL. Getting long in here is pretty risky. Scalp if you dare! GLTA! MW Article: www.marketwatch.com The Chart of Divergence: ei.marketwatch.com
SP:SPXShort
by DaddySawbucks
3
High Probability Intraday Setup for Gold FuturesThe following are trades setup ideas in 15 mins chart for GOLD Futures . There are 2 distinctive dotted lines labeled as 1. AI's Intraday Resistance 2. AI's Intraday Support These 2 Support and Resistance signal lines are generated by machine learning AI robots as a high probability trade setup for long or short. Short Setup If price action closed below the AI's Intraday support line, AND continue to show weakness below Pivot Point S1 line, AND eventually retested/closed below the Pivot Point S1 line, the idea is to short and take profit at Pivot Point S2. Long Setup If price action closed above the AI's Intraday Resistance line, AND continue to show strength above the Pivot Point R1 line, AND eventually retested/closed above the Pivot Point R1 line, the idea is to long and take profit at Pivot Point R2/R3 price region. Depending on trader's positioning sizing, partial profit could be taken at Pivot Point R2. Instead of relying on 100% discretionary (human) trading, the robots will provide trade execution plan and it is entirely up to the human trader's decision to follow. This is highly recommended to trade during Europe and US market hours for liquidity and volume for this product.
COMEX:GCJ2019
by WolfeDayRocker
High Probability Intraday Trade Setup for Gold FuturesThe following are trades setup ideas in 15 mins chart for Gold Oil Futures. There are 2 distinctive dotted lines labeled as 1. AI's Intraday Resistance 2. AI's Intraday Support These 2 Support and Resistance signal lines are generated by machine learning AI robots as a high probability trade setup for long or short. Scenario 1 (Range play before US trading hours ) If price action was below the AI Intraday Resistance Line AND continued to close below, the idea is to short and take profit at AI's Intraday Support Line (Minimum RRR 1 recommended). OR Scenario 2 (Range play before US trading hours ) If price action was above the AI Intraday Support Line AND continued to close above, the idea is to long and take profit at AI's Intraday Resistance Line (Minimum RRR 1 recommended). OR Scenario 3 (During US trading hours ) If price action was below the AI Intraday support Line AND continued to close below, the idea is to short and take profit at Pivot Point S2 (~1318) line. Instead of relying on 100% discretionary (human) trading, the robots will provide trade execution plan and it is entirely up to the human trader's decision to follow. This is highly recommended to trade during Europe and US market hours for liquidity and volume for this product.
COMEX:GC1!
by WolfeDayRocker
Expecting a few weeks of consolidation before going upContinue our discussion on Gold/GC/GD since Sept. We just had this significant testing happened. I take it very significant. WHY Vol dropping on a common concurrence of market plunge It bounced at the strongest volume profile peak, and broke through the 2nd strongest peak Expecting to see 1/ a few weeks of consolidation, likely to a daily convergence, then trend continues (70%) 2/ devolve into a longer flat-top squeezing (30%) Action to take Holding current position Short-term trading on the first two waves
COMEX:GC1!Long
by team.kotrt
GOLD OCTOBER 2018 FUTURESCompared with gold OCT 2018 futures contracts. As the SP500 0.38% has dived over the past two weeks, gold futures 0.18% have finally started to incline after long and heavy tailwinds kept them from gaining traction. As we move into a more inflationary environment and the market outlook looks more bearish , gold -0.05% will continue to provide be a classic hedge and we'll see futures rise. Silver futures 0.60% are also an excellent hedge that has seen more volatility and is nicely poised for bullish ETF option plays on silver-tracking ETF's, for example. Now may be a good time to add gold -0.05% and/or silver -0.07% to your portfolio, either with futures or ETFs.
COMEX:GCV2018Long
by UnknownUnicorn2997486
This Is Why You Hold GoldAs the SP500 has dived over the past two weeks, gold futures have finally started to incline after long and heavy tailwinds kept them from gaining traction. As we move into a more inflationary environment and the market outlook looks more bearish, gold will continue to provide be a classic hedge and we'll see futures rise. Silver futures are also an excellent hedge that has seen more volatility and is nicely poised for bullish ETF option plays on silver-tracking ETF's, for example. Now may be a good time to add gold and/or silver to your portfolio, either with futures or ETFs.
COMEX:GC1!Long
by UnknownUnicorn2997486
GOLD DAILY 09/12/2018Gold is still moving in the daily pivot area and is seen forming a daily downtrend channel. If the price cannot move down pivot, the chances for the price to move back bullish and there is a chance for a channel break. However, if the price breaks down the pivot then the chance is to continue the downtrend channel formed. Daily Pivot: R4 1224.68 R3 1214.53 R2 1204.38 R1 1200.86 Pivot 1194.23 S1 1190.71 S2 1184.08 S3 1173.93 S4 1163.78 First option: -Open short positions if the price breaks down the pivot -TP at the first daily support -SL on the previous pivot or swing high -Wait for confirmation to open a position Second option: -Open long positions if the price is unable to break out of the channel in the second daily support area -TP at the first daily support -SL at the second daily support or previous swing low -Wait for confirmation before opening a position
TVC:GOLDShort
by yanuarmanalif
GOLD DAILY 09/11/2018Gold is still consolidating to form a triangle pattern and moving in the daily pivot area. Daily Pivot: R4 1216.93 R3 1209.63 R2 1202.33 R1 1198.76 Pivot 1195.03 S1 1191.46 S2 1187.73 S3 1180.43 S4 1173.13 First option: -Open long positions when the price breaks up the triangle -TP at the first daily resistance -SL can be placed in the first daily support or previous swing low -Wait for confirmation to open a position Second option: -Open short positions if the price breaks down the triangle -TP at the second daily support -SL on the previous pivot or swing high -Wait for confirmation to open a position
TVC:GOLD
by yanuarmanalif
GOLD DAILY 09/07/2018Gold moves in the pivot area for today after yesterday having broken R2 but still back down. wich is the price breaks down the pivot down there is a chance to continue the pattern, but if the price breaks the previous high then the chance to continue move up. Prices now have formed a bearish candlestick. Daily Pivot: R4 1235.23 R3 1223.78 R2 1212.33 R1 1206.26 Pivot 1200.88 S1 1194.81 S2 1189.43 S3 1177.98 S4 1166.53 Option: -Open short positions -TP1 at the first daily support (S1) -TP2 at the second daily support (S2) -Economic data today will add to volatility, there is a chance that prices will pass through the second daily support. -SL can be placed on the previous swing high pivot -Wait for confirmation to open a position
TVC:GOLDShort
by yanuarmanalif
GOLD DAILY 10/09/2018Gold consolidates to form a triangle pattern, looks like there is a bullish exaggerated divergence even though the pattern forms a descending triangle, if you look at the chance for weekly movement then the chance for daily if the price moves bullish then the chance it move to the first daily resistance area. and if bearish then the chance it will move to the second daily support. Daily Pivot: R4 1228.61 R3 1218.31 R2 1208.01 R1 1202.23 Pivot 1197.71 S1 1191.93 S2 1187.41 S3 1177.11 S4 1166.81 First option: -Open long positions when the price breaks up the triangle -TP1 is a few points above the pivot -TP2 at the first daily resistance (R1) -SL can be placed in the first daily support or previous swing low -Wait for confirmation to open a position Second option: -Open short positions if the price breaks down the triangle -TP at the second daily support -SL on the previous pivot or swing high -Wait for confirmation to open a position
TVC:GOLD
by yanuarmanalif
GOLD DAILY 09/05/2018Yesterday Gold moved down and closed below the daily pivot for today. Price is already in the first weekly support area ($ 1192.70 / oz) and is at the channel support line that is formed. Looking at the daily price movements in the past week there is a chance the price moves to form XABCD or maybe three drives pattern. Chances are the price will move back up to the weekly pivot area ($ 1203 / oz). Option: -Open long positions if the price does not break the channel or break the first daily support -TP1 on daily pivots -TP2 at the first daily resistance -SL can be placed in the first daily support or previous swing low -Wait for confirmation to open a position
TVC:GOLDLong
by yanuarmanalif
GOLD THIS WEEK 09/03/2018Gold closed bearishly in trading last week by closing below the weekly pivot for this week. The price did not break the first resistance and still results in a hidden divergence between price and RSI. If the price does not succeed to move above this week's pivot then most likely the price will continue to move down Option: -Open short positions if the price does not succeed above the pivot and pass the previous high -TP1 at second weekly support ($ 1185 / oz) -TP2 at third weekly support ($ 1166 / oz) -SL at the first weekly resistance ($ 1211 / oz) or a few points above the previous high. -Wait for confirmation to open a position
FX_IDC:XAUUSDShort
by yanuarmanalif