Goldfutures
lolbut really tho
"I think the path of least resistance is to the upside, that being said I don't see the DOW having troubles so long as our politicians keep their mouth shut."
-A soon to be very famous man
Bullish monthly perspectiveWe anticipate a green monthly close above the blue dotted trendline no later than end of q3.
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.
dollar ascending triangle$gld $gdx $nugt $dust $gdxj $jnug $jdst
dxy ascending triangle&hidden bull. These patterns are often more bullish than bearish so I can't help but believe the dollar is about to move up hard. I'm longer term bullish on precious metals but I wouldn't be surprised to see the dollar get stronger.
Chart Analysis - Gold futureNow staying on support fibo fan line after recent falling. Expected to rise again.
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.
XAUUSD Two bullish scenarios.Pattern: Bullish Channel on 1W.
Signal: Bullish. 1289 and 1297 being the Support Zone.
Scenario 1: Following the Blue Double Curve inside the Channel Up. TP = 1334.50.
Scenario 2: Folliwing the Green Arrow diverging from the Channel Up. TP = 1345.00.
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
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.
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.
Go short or go home in "Gold"We will take a short position in Gold futures are it is approaching the supply zone very fast. Risk to reward ratio is massive in this trade.
Cheers :)
Gold is reaching the demand zoneWe are going to take a long position in Gold at this fresh demand zone. Risk to reward is over 1:3
Cheers :)
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
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
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
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
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
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
GOLD DAILY 08/30/2018The price of gold has closed above the daily pivot and is still moving in the channel formed, the range per price movement seems narrowed.
First option:
-Open a Sell position if the price moves below the pivot
-TP 1 at first and second daily support
-TP 2 to daily support if there is price confirmation out of the channel
-SL in the pivot or in the last swing high.
-Wait for confirmation to open a position
Second Option:
-Open a buy position if the price is unable to break the daily support or exit the channel
-TP 1 is among the first daily pivots and resistance
-TP 2 daily resistance, if the price succeeds in living on a pivot
-SL can be placed on either daily support or at the last swing low
-Wait for confirmation to open a position
GOLD DAILY 08/29/2018Prices have moved below the daily pivot but are still stuck and there is still a chance to continue the channel formed.
First Option:
-Open a Buy position if the price moves up again above the pivot.
-TP 1 at the first daily resistance
-TP 2 at the second daily resistance
-SL can be placed below the pivot or at the last low ($ 1199 / oz)
-Wait for confirmation to open a position
Second Option:
-Open a Sell position if the price breaks low and exits the channel ($ 1195 / oz)
-TP is the second daily support
-SL can be placed above the first daily support or some points in it
-Wait for confirmation to open a position
Washout Scalp In December Gold FuturesAt press time, December gold futures are up moderately for the session trading above the 1210.0 handle. Make no mistake, this is a critical technical level. If we see another late day sell-off in bullion, a bearish washout may develop beneath Tuesday’s low (1205.8).
Here is the trade:
1)Entry: Sell 1205.7
2)Stop Loss: 1207.1
3)Profit Target: 1204.7
4) Risk vs Reward: Sub-1/1
The goal is quick and positive price action. If there are buyers home above the 1205.0 handle, then head for the door. This trade is good for the remainder of the Wednesday session.
