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Goldfutures

Gold is still an inflationary hedge asset, why?My answer is definitely a Yes! But why many say no. It is because they are looking at Gold from a very microscopic view; into its day-to-day to week-to-week movement. But if we analyse Gold from a macro perspective, we will able to appreciate Gold better, that it is still an inflationary hedge asset. And from today’s case study, we will also learn why it is time to get into Gold again at around this price. Content: • Gold is still an inflationary hedge asset, why? • When to enter into the Gold market again? For investor, you can invest into the physical Gold, Gold ETFs, funds and even those mining stocks that pay dividend. For traders, I would like to trade into Futures. COMEX E-Mini Gold Qo1! 0.25 per troy ounce = $12.50 1.00 = $50 1650 to 1750 = 100 x $50 = US$5,000 COMEX Micro Gold MGC1! COMEX Regular Gold GC1! Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. Stay tuned for our next episode in this series, we will discuss more on the insight of inflation and rising interest rates. More importantly, how to use this knowledge, turning it to our advantage in these challenging times for all of us. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
COMEX:GC1!
by konhow
20
GOLD broke M-neck @1678; will 1590 or 1428 be the bottom?Gold has been on a downfall since it broke the 2018 uptrendline last June 2022. It attempted to rally but was rejected 2x at 1815 & then 1730, both along the black downtrendline from 1078 April 2022 top. For last 5 weeks, it has been chopping around 1678, the neckline of a big M-pattern started from the July 2018 low of 1169 up to the ATH @2e20890c1d4645f3b11848906a7713 BEARISH BIAS: It already broke the weekly wma200 & is now supported by the monthly mma50 line. If gold fails to recover wma200 & break above 1678 neck & the downtrendline this week, then most probably the recent low at 1622 will also fail. The next 2 supports are 1590 & 1428. WATCH OUT: gold cannot recover with the dollar index DXY still continuing higher. The DXY may peak out once the FED pivots to less aggressive hikes after confirming a lower CPI data for Oct. As for now investors are still selling equities & parking into dollar. Not trading advice
COMEX:GC1!Short
by xtremerider8
Gold - Looking for signs of decouplingTo our surprise, gold has been holding up very well after the last FED decision, which we thought would weigh on the gold market and potentially drag it toward 1600 USD. In our previous ideas, we said that we were growing increasingly anxious about gold's performance in the short-term while staying bullish in the long-term. Additionally, we stated that the current and (a potential) future weakness could bring an excellent opportunity for investors to add gold to their portfolios. Despite that, we remain somewhat cautious as the gold market has been highly correlated to the stock market. Indeed, at the moment, the stock market undergoes relief after marking new lows for the year, and gold enjoys a time of comfort with it. However, we expect the selling pressure to return in the stock market and potentially drag gold lower. However, we also consider decoupling between the stock and the gold markets over time. For that reason, we will closely monitor the price action, volume, and fundamental factors driving the market. We will update our thoughts as time progresses. Illustration 1.01 We will pay close attention to the 50-day SMA as it currently acts as the critical resistance level. If the price manages to break above it, it will be bullish; however, the failure will suggest otherwise. Technical analysis - daily time frame RSI and Stochastic are bullish. MACD points to the upside but stays in the bearish area. DM+ and DM- performed a bullish crossover. Overall, the daily time frame is bullish. Technical analysis - weekly time frame RSI is slightly bullish. Stochastic and MACD are neutral. DM+ and DM- are bearish. Overall, the weekly time frame gives mixed signals. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSD
by Tradersweekly
9
Gold - The FED to weigh on gold priceWe have been growing increasingly anxious about gold for the past several months. Indeed, we repeatedly reiterated our worries about the prospect of people selling their gold to cover losses elsewhere (especially in the case of the selloff in the stock market). Currently, as the odds of this action continue to increase, we also continue to maintain a bearish view of gold (in the short-term and medium-term). Our beliefs are influenced by a combination of fundamental and technical factors, which will continue to weigh on XAUUSD in the foreseeable future. Accordingly, we await gold to drift lower after the FED's decision; in particular, we are looking for 1600 USD. However, we are very optimistic about gold in the long run and think the impending selloff will provide excellent opportunities for acquiring gold (for long-term investment). Therefore, we will closely monitor the market and look for potential buying opportunities. Illustration 1.01 Illustration 1.01 shows the daily chart of XAUUSD and simple support/resistance levels for it. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDShort
by Tradersweekly
19
Gold - The market's weakness weighs on goldIn our last idea, we outlaid how we grew increasingly bearish on gold in the short term while maintaining a bullish stance in the long term. We stated that our short-term view was influenced mainly by fundamental factors, which will continue to weigh on the global economy and lead to further weakness in the stock market. Furthermore, we also said that gold would likely drop toward the 1600 USD price tag in such a scenario. Since then, gold has dropped to the vicinity of 1650 USD and confirmed our bearish worries. Because of that, we still stick to the bearish short-term narrative. Accordingly, we will pay close attention to the FED meeting, which will likely impact the price of gold and the stock market. We will update our thoughts before the meeting. Illustration 1.01 The daily chart of XAUUSD shows two simple moving averages, 20-day SMA and 50-SMA, which are in a bearish position. Technical analysis - daily time frame RSI, MACD, and Stochastic are all bearish. The same applies to DM+ and DM-. Overall, the daily time frame is bearish. Illustration 1.02 Illustration 1.02 shows XAUUSD in the downward sloping channel. The upper bound acts as the resistance, and the lower bound acts as the support. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDShort
by Tradersweekly
39
GOLD 1 hour : it break trendline and low gold break low and trendline and force me close all my buys .... now it has sell signal can go to fibo 161% 1600 area under red arrow we must pick sell after pinbar comes on 1hour or 4hour or daily chart then near 1604 after buy pinbar comes we must pick buy and hold it 20-25 day to new high AC indicator daily is red mean downtrend can start if you dont close your buys in up ,you must close or hedge them under red arrow and wait gold go down and back to up and break SMA200 1hour close sell frist then on high close buys good luck stand on very low size ,here big patient mean big profit www.tradingview.com
FX:XAUUSDShort
by ramin_trader2006
Gold - Quiet before the storm?The price action of gold has been choppy for the past few weeks, and we are growing increasingly worried about its performance in the face of increasing interest rates later this month. Because of that, we remain bearish on XAUUSD in the short term. Further, we think if the stock market continues to manifest weakness, it will negatively affect gold. Indeed, we believe that market participants will sell their gold once again to cover losses elsewhere (just like on previous occasions). Due to that, we think gold might drift toward 1600 USD over time. Despite that, however, we are very bullish in the long term and believe that the selloff will present an excellent opportunity to add more gold to investors' portfolios. Illustration 1.01 The daily chart of XAUUSD shows two moving averages: 20-day SMA and 50-day SMA. Two yellow arrows indicate bearish and bullish crossovers between these two SMAs. The third yellow arrow indicates the natural retracement of the price toward its SMAs. Therefore, we will pay close attention to the following price action; the breakout above SMAs will be bullish while the position below them is bearish. Technical analysis - daily time frame RSI and Stochastic are slightly bullish. MACD is relatively neutral; however, it will be bullish if it manages to break above 0 points. DM+ and DM- are bearish. Overall, the daily time frame is neutral. Illustration 1.02 The weekly chart of XAUUSD shows two moving averages: 20-week SMA and 50-week SMA. They reflect the presence of the downtrend. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSD
by Tradersweekly
31
Gold - The weak stock market threatens gold's prosperityOver the past several months, we repeated our concern about gold drifting lower with the stock market. Today, we continue to stick to this narrative and remain bearish on XAUUSD in the short term. However, we are also starting to grow increasingly bearish in the medium-term while staying resonantly bullish in the long-term. Indeed, we think the looming weakness in gold (and also the current one) will provide another excellent opportunity for investors to add gold to their portfolios. Because of that, we will pay close attention to the FED meeting between the 20th and 21st of September 2022. The central bank is expected to raise interest rates between 50 bps to 75 bps, which will inherently strengthen the U.S. dollar and weaken all other assets weighted in it. The rate hike will also pressure the U.S. economy, leading to risk aversion and a sell-off of assets. As on previous such occasions, we think this time will be no different, and gold will experience weakness as investors will cover losses elsewhere. As for the technical factors, the daily time frame improved slightly over the past few days, with volume declining. Although weekly and monthly time frames remain bearish. Due to that, we are very cautious and looking for 1 600 USD in the case of a stock market sell-off. Illustration 1.01 Illustration 1.01 shows the daily chart of XAUUSD and two simple moving averages. Yellow arrows indicate several technical developments. Technical analysis - daily time frame RSI is slightly bullish. MACD is flattening, and Stochastic points to the upside. DM+ and DM- stay bearish. Volume has declined after the period of selling, which is bullish. Overall, the daily time frame has improved over the past few days and turned slightly bullish. Illustration 1.02 Illustration 1.02 shows a strong positive correlation between the Nasdaq 100 continuous futures and gold; however, a little delay between the two can be observed. Gold is down approximately 19% from its recent peak, while Nasdaq futures are down approximately 27%. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish. Illustration 1.03 The picture above shows the current setup on XAUUSD. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDShort
by Tradersweekly
23
Gold: Dolphin 🐬Like a playful dolphin, gold has jumped above the resistance at $1770, only to dive right back into the blue zone between $1751 and $1709. Now it has to decide whether it wants to do some more tricks in the water or has already completed wave (ii) in blue. As soon as it has finished the counter movement, though, gold should climb out of the blue zone and above the resistance at $1770, thus confirming the upwards movement. However, there is a 38% chance that gold could leave the blue zone on the lower side and drop below the support at $1709. In that case, it should continue the descent below the next mark at $1678 and into the green zone between $1661 and $1585 first, before rising again.
COMEX:GC1!
by MarketIntel
1
Gold Futures - potential setupsCOMEX:GC1! Hello everyone! 🛎 Let check the trading idea for Gold Futures 🤗 Not making anything difficult everything is pretty straightforward. 👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate. 🟢 👉 2. Price goes BELOW the selected range. below. Short positions to activate. 🔴 ---------------------------------------------------------------------------------------------------------------------------- ⚠️ Important Notes: 1. Always follow your trading plan regarding entry, risk management, and trade management. ❗️❗️❗️ 2. Timeframes: up to H4 ---------------------------------------------------------------------------------------------------------------------------- 😉 If you like the idea there was a like 🚀 and sign up so you can continue receiving great ideas like this one and also for us to make pattern the idea! 🤝 💪 Profitable lock for everyone! 🙏
COMEX:GC1!
by Solidity_best_options
1
Gold Futures at critical resistance.Gold futures is at INR 52352. Critical resistance for Gold is at INR 52585. Crossing INR 52585 looks little difficult and Gold will have to struggle a bit. Once the level of INR 52585 is crossed and the futures close above it the target for Gold will be INR 53637. Above INR 53637 the trench between INR 55005 to INR 55806 will be the one of the most difficult trench of a resistance to cross. The most important support for Gold is at the trench between INR 51255 and 50180. Long term target for Gold can be at INR 59438 time frame 12 to 16 months.
MCX:GOLD1!Long
by Happy_Candles_Investment