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Goldfutures

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