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XAUTRY1! trade ideas

SPY/QQQ/GOLD Plan Your Trade - New Week Aug 12~16+Thank you for all the boosts and likes. I'm trying my best to deliver informative and intelligent information for traders to learn to make their own decisions. My goal is to teach you the skills to become better at identifying and selecting better opportunities for profits. Not to be right all the time - that's impossible. But, to learn to manage risk levels, trade more efficiently, plan your trades, and to execute better trades with detailed information and guidance. I hope I'm achieving those goals for all of you. Some of the comments have been wonderfully supportive. Of course I'm not right 100% of the time - no one is. I'm simply trying to provide the best analysis I can to help you plan and prepare for better trades. This video discusses what I expect from the markets over the next 5~10+ days. I believe the markets need to retest support before shifting into the new Vortex Rally phase. We need to watch Gold/Silver, the Transportation Index, Crude Oil, the US-Dollar, and how the SPY/QQQ react over the next 5+ days. It will be interesting to see how things play out. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
COMEX:GC1!Long
by BradMatheny
2024-08-08 - priceactiontds - daily update - goldGood Evening and I hope you are well. comment: Not much to add after what I wrote in the tl;dr section. So see below. current market cycle: trading range key levels: 2400 - 2500 bull case: Bulls have many patterns going for them right now. Biggest is the triangle on the daily chart which held and odds favor the bulls to retest up to 2510ish. I’d be surprised if we get there but that’s only my personal bias talking. Bulls closed above all ema and above the current trading range. They have all the arguments to trade higher yet the 1h chart today looks pretty weak to me, despite the 1.3% gain. Alternating bull/bear bars on the 1h chart do not scream bullish market. Whenever market is giving mixed signals, I just do not trade it. It’s just not worth my energy. Invalidation is below 2450. bear case: Bears kept the market two sided but it still went up 46 points. Bears see this as a marginally higher high to Tuesday and want to reverse from here. They need to keep it below 2475 or bulls will probably buy the momentum for 2500. Bears do not have that many arguments since bulls closed above all ema and reversed from the bull trend line on the daily chart. Invalidation is above 2475. short term: Neutral around 2465, bullish above 2475 for 2500 and bearish below 2450. medium-long term: For now I think the most reasonable outlook I could give is a trading range 2200-2500. This could hold for some time. Bear in my still thinks this rally is dumb and we will see 2000 again this year but that’s as unreasonable of an outlook one could hold so DON’T. —adjusted 2450 to 2500 current swing trade: none trade of the day: Same argument for not taking the long as in dax. Buying high in a trading range is a bad buy and market went only 6 points higher than Tuesday. Long since Globex open would have been perfect, as it was a perfect double bottom with Wednesday but not my timezone.
COMEX_MINI:MGC1!
by priceactiontds
Can the HOUSE CAPITALIZE SHORT from DAILY SWING EQ Level...?COMEX:GC1! “Without education, you’re not going anywhere in this world.” -MalcomX Beautiful PA on the Daily & 4Hr TF on GC... I'll wait patiently for the break underneath 50% EQ on the 1Hr TF n Below. Then I'll drop down to the LTF 15-5m TF and look to enter SHORT and target the bottom side of the 4HR Demand zone... Lets stay focused!! 1) I'll keep close update as PA develops and we have more data to work with. Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently. Let's Keep Steppn!! Stay Focused & Reach Excellence!! #BHM500K #NewERA #Champions
COMEX:GC1!Short
by TreyHighPwr
4
GOLD Plan Your Trade For 8-7 : Huge Dual-Leg Rally Setup $2550+Gold is setting up a unique dual-leg rally phase, and traders need to be aware of this before the move is complete. The recent panic setoff by the BOJ unsettled the markets - including Gold. The Yen Carry-trade unwound over the past 5+ days - resulting in a very consolidated downward price trend in Gold. I believe Gold is about to make two very big moves to the upside. The first move will be quick. Probably lasting only 2 or 3 days. The second move may be a bit longer, but it has the ability to rally well above $2550 as Gold reverts higher. Please pay attention to this video if you follow Gold. Gold as a hedge is one thing. This move is related to the reversion pressure and the protection of currency devaluation after the past 3+ weeks of global decoupling. I believe this next rally in gold will be explosive (min upside target $2550 or higher). Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
COMEX:GC1!Long
by BradMatheny
Gold bulls returning after 4 down daysGold prices look set to bounce over the near-term after they closed lower for a fourth consecutive day. Monday's aggressive selloff held above $2400, and a late recovery saw half of the day's losses handed back - to close the day with a lower wick. Tuesday's range held above Monday's low and mostly traded within Monday's lower wick, which suggest liquidity gaps are being filled and support is beginning to build. The 1-hour chart shows that a bullish divergence formed with RSI (14), and a series of lower wicks further shows a loss of bearish momentum. Prices are now testing trend resistance, a break above which brings the 2460 highs and high-volume node (HVN) into focus around 2473.
COMEX:GC1!Long
by CityIndex
SPY/QQQ Plan Your Trade for 8-5 - CAUTION: Extreme VolatilityThis video highlights why I believe skilled traders are taking minimal, targeted trades in the current market environment. With the current market volatility as crazy as it is, I don't believe anyone should be swinging for the fences. If you learn anything from my videos over the past few weeks - know this. The #1 rule for trading is to protect capital (at all times). You can be right or wrong while trading. But you have to learn to live to trade another day. This crazy market volatility could have made a small fortune for some people but destroyed others. Until we see the SPY move up above $535-$540, there is still a big risk the markets could fall further. Watch this video to learn more. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
COMEX:GC1!Long
by BradMatheny
#202432 - priceactiontds - weekly update - goldGood Evening and I hope you are well. Quote from last week: bear case: Bears made another amazing trade selling above 2440 and since this was the third time, they are confident they can push the market lower to at least 2300 again. The selling was strong enough for a second leg and right now a measured move would bring us exactly to 2300. Coincidences huh. Every time someone tells you technical analysis does not work, just nod and make money. It’s not worth the discussion. comment: Clear rejection above 2500 again but the bear bar from Friday has a big tail below, because bulls bought the daily 20ema. It’s mid’ish of the triangle so the worst place to trade. I do think it’s more reasonable to expect more downside than a break above the ath but I won’t take my chances. I wait for market to show me. Both sides have reasonable arguments to retest the highs again or finally giving up on 2500. Volume saw a huge increase again, which could mean that we are coming to an end of this range between 2300 and 2500, over the next weeks to months. current market cycle: trading range for many months now and it’s probably coming to an end over the next weeks/months key levels: 2300 - 2536 bull case: Bulls showed weakness during the week before but somehow managed to turn the market around this week on bad looking daily bars. Unusual to say the least. I do think every time the patterns looks bad, it’s more due to the other side stepping aside than one being particularly strong. Anyhow, Market retested the ath again and printed a lower high 14 points lower. It’s the 5th time the bulls tried and failed. Do they get more or will they give up now? I don’t know. I thought the drop that started 2 weeks ago from the ath was decent enough to bring us to 2300 again but they failed at a higher low. So we are in a triangle and in the middle of it. Market is neutral between 2450 - 2490. Invalidation is below 2290. bear case: Not much to add because market is neutral. Bears need follow through on Monday to test the bull trend line below at around 2425. There is not much more to read out of this at the moment. Things change when bulls get a strong close above 2536 or bears print lower lows below 2390 again. Invalidation is above 2536. outlook last week: short term: Full bear mode continues as long as the bear channel holds. Look for shorts near the top and take profits at new lows. → Last Sunday we traded 2381 and now we are at 2469. The bear channel broke on Tuesday and my invalidation was on point but my outlook was not. Always know your risk and start every trade from a risk point of view and now from a profit point of view. You will most likely never hit 90% winners consistently so get used to losers and don’t let them influence you in a bad way. short term: Neutral 2450 - 2490. Will only scalp this on momentum inside the triangle but swing will have to wait for a bigger breakout above or below. medium-long term: For now I think the most reasonable outlook I could give is a trading range 2200-2500. This could hold for some time. Bear in my still thinks this rally is moronic and we will see 2000 again this year but that’s as unreasonable of an outlook one could hold so don’t. —unchanged since May current swing trade: None. chart update: Removed bearish pattern and added the triangle we are in
COMEX_MINI:MGC1!
by priceactiontds
Can the HOUSE Capitalize SHORT from 78.5-88.6% Daily Fib levels?COMEX:GC1! “The highest human act is to inspire.” - Nip Hussle Tha Great Family as we get ready for this new week, I must say this month has been a gr8t one. We accomplished so many goals and now it's time to get back focused on the task in front of us. I have developed here an idea to possibly go SHORT & in this video I went into gr8t detail supporting my original statement/idea.... 1) I want to see the Mitigation of the 4Hr Supply zone and possibly the deeper 1Hr TF Supply Zone inside which lines up perfectly with 88.6% Daily Fib Level ($2423.0). If we can get buyers to push price to these levels then I'll drop down to the LTF 15m and wait for a confirmed 15m CHoCh to Scale SHORT. Let's stay focused and see what happens in pricing.... 2) I'll keep close update as PA develops and we have more data to work with. Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently. Let's Keep Steppn!! Stay Focused & Reach Excellence!! #BHM500K #NewERA #Champions
COMEX:GC1!Short
by TreyHighPwr
1
Can the HOUSE Capitalize SHORT from 78.5-88.6% Daily Fib levels?COMEX:GC1! “The highest human act is to inspire.” - Nip Hussle Tha Great Family as we get ready for this new week, I must say this month has been a gr8t one. We accomplished so many goals and now it's time to get back focused on the task in front of us. I have developed here an idea to possibly go SHORT & in this video I went into gr8t detail supporting my original statement/idea.... 1) On the Daily TF I have drawn out the PIVOT ZONE that price has traded back into currently. Also I have drawn the Daily Last Swing LOW & HIGH and the Daily Swing EQ level that price is currently trading around ($2396.5)... 2) On the 4Hr TF we Have a Huge Indecision candle that needs to be mitigated in which lines up perfectly with the Daily 78.5-88.6% Fib levels. These are the Key Levels that I want to see price hit.... 3) If and when price can Mitigate the 4Hr Supply I want to see buyers push price higher into the 1Hr Supply zone pricing ($2423.0) just above the Killzone 78.5% Fib Level and into the 88.6% Level.... This is the Key level I will wait for price to mitigate, then I will drop down to the LTF 15m and wait for a confirmed 15m CHoCh (Change of Character) and look to scale SHORT!!! 4) I'll keep close update as PA develops and we have more data to work with. Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently. Let's Keep Steppn!! Stay Focused & Reach Excellence!! #BHM500K #NewERA #Champions
COMEX:GC1!Short
by TreyHighPwr
What Next for Gold following yesterday's fed rate decision?What’s Next for Gold Following Yesterday’s Fed Rate Decision? During this morning's trading session in Asia, gold prices neared a new all-time high. The yellow metal also experienced increased safe-haven demand due to escalating concerns of a broader conflict in the Middle East, following the assassination of Hamaas leader in Tehran. Gold December futures surged yesterday, nearing a record high of $2,512.80 per ounce, a level last seen on July 17, 2024. This increase followed the widely anticipated decision by the Fed to maintain steady interest rates. However, Fed Chair Jerome Powell indicated further progress towards reducing inflation and a cooling labor market, explicitly mentioning the potential for a rate cut in September if data remains positive. Although the Fed awaits more inflation and labor market readings before its next meeting, markets are nearly fully pricing in a 25 basis point cut in September, according to CME Fed Watch. Lower rates are favorable for gold as they decrease the opportunity cost of investing in non-yielding assets. Based on my analysis, the gold market bubble seems set for a significant correction. The key contributing factors are as follows: Yesterday's decision by the Federal Reserve to leave interest rates unchanged had a notable impact on the gold market, leading to a downward trend. Here are the key details: 1). Market Expectations: The Fed's decision to keep rates steady was widely anticipated. However, without a rate cut, which some investors hoped for, there was a reduced impetus to hold gold as a hedge against low interest rates. 2). Dollar Strength: The unchanged rate decision often supports the U.S. dollar, as higher or stable rates can attract foreign investment seeking better returns. A stronger dollar makes gold more expensive for holders of other currencies, reducing its attractiveness. 3). Yield Opportunity: Gold is a non-yielding asset, meaning it does not produce interest or dividends. When interest rates remain unchanged or are expected to rise, the opportunity cost of holding gold increases, as investors can earn better returns from interest-bearing assets. 4). Inflation Outlook: The Fed's decision might reflect a balanced view on inflation, suggesting it is under control or within acceptable limits. If inflation is not a significant concern, the need to hold gold as a hedge against inflation diminishes. 5). Investor Sentiment: Following the Fed's decision, investor sentiment can shift towards riskier assets, such as equities, which are likely to perform better in a stable rate environment. This shift can lead to reduced demand for gold, contributing to the downward trend. Overall, the Fed's decision to maintain the current interest rates influenced various factors that collectively pushed gold prices lower. Trading strategies within the present economic environment : During today's early Asian trading session, Gold December Futures hit a peak of $2,502.60, potentially providing a viable entry point. If prices continue to fall, they may test yesterday's low of $2,449.20, which coincides with the 100-day moving average of $2,440.95. A decline below this level could indicate a major downtrend, with possible support levels at $2,421.50 (the July 30 low). If prices break through this support, they might move towards the 200-day moving average at $2,410. A breach of this support level could lead to a significant drop, potentially reaching last week's low of $2,351.90. Conversely, if upward momentum persists, there could be an effort to test the record high of $2,512.80 set on July 17th. However, for any sustained upward movement, prices need to exceed this level. Otherwise, based on my analysis, Gold December Futures are expected to decline. This week’s attention is also on the critical non farm payrolls report for July, scheduled for release on Friday. Conclusion As an experienced research analyst, effectively navigating financial markets demands a deep understanding of the complex factors influencing them. Although gold remains a strong asset amid geopolitical uncertainties, shifting central bank policies and evolving economic data introduce volatility. Investors should proceed with caution, leveraging their knowledge and strategic planning to manage risks and capitalize on opportunities in this ever-changing environment.
MCX:GOLD1!Short
by sebihirengarasondia
GOLD Plan Your Trade 7-31 - Gold Reaches Upper Flag ChannelPrepare for Gold to move into a consolidation phase lasting 5 to 10 days before moving higher again. The next upper target area is $2560++. Watch this video and consider what I see as a structural Flag formation. Gold will continue to attempt to move higher - but it will do so in structural price waves. If you are holding any open long positions, be prepared to protect those positions as I see Gold flagging sideways (attempting to contract downward) in about 2~3 days. The current upward price move appears to be over. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
COMEX:GC1!Short
by BradMatheny
Gold Futures has taken support of near 50Weeks EMA (Mother line)Gold Futures has taken support of near 50 Weeks EMA (Mother line) which is near 66402. This dip was due to change in customs duty of Gold while thinking rationally. Thus the zone between 67400 and 66402 presents a strong support zone. Mid channel support for gold Futures in case the Mother line is broken remains at mid channel support near 64030. It does not seem likely that we will get a closing below this point but in case we get a closing below 64030 bears will become very empowered and in very unlikely situation Gold futures can fall to 61092. The zone between 56493 and 55091 is a mega support as 55901 is a 200 Week's EMA or Father line. Below this zone in extremely unlikely situation Gold Futures can further find a bottom near channel bottom which is near 53064. Resistances for Gold Futures are near the zone between 69678 and 71222. Further resistance zone is between 73257 and 74881. If the channel top near 75K is broken the Gold Futures in the very long term can hit anywhere between 82K to 88K. In my opinion which has a strong bias towards Gold as world is seeing a lot of conflicts and uncertainties due to internal and external geo-political instability, Gold remains an investment option which is accumulate on every dip. Gold actual price and Gold futures price and Price of Gold sold by Jewellers can vary a little bit so please take that into consideration too. The chart here represents Gold Futures movement. To know more about Mother Father line and their significance and to learn Techno Funda analysis we recommend you read the book The Happy Candles Way. Which is available on Amazon on paperback version. Kindle version of the same book is also available on Amazon Kindle. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
MCX:GOLD1!Long
by Happy_Candles_Investment
2024-07-30 - priceactiontds - daily update - goldGood Evening and I hope you are well. comment: Gold had a huge bull day and my line in the sand for bears was 2436. Market now broke above it 2 times and the buying into US close was strong enough for a second leg which could bring us above 2480 again. Still a trading range on the daily chart and anything above 2300 is good for the bulls. Probably another try at printing 2500 over the next days. current market cycle: trading range key levels: 2300 - 2500 bull case: Bulls want a new ath and all the stops too close above it. 2500 would be a nice round number to reach. After that I don’t have anything for the bulls. It’s a trading range since April and such big trading ranges happen before the final flag and this one here is probably it. I would not bet on another strong bull trend above 2500. Above was written last week and is valid as ever. Bulls do not want to drop below the 1h 20ema again or the chop continues. They want the momentum continuing and another strong break above 2460 for the second leg up. Invalidation is below 2440. bear case: Bears tried to keep it below 2440 but market made higher lows and on the strong buying at bar 13, they stepped aside enough to let the market rip into US close. I don’t think many bears want to battle between 2450 and 2480, so I expect this becoming a quick move up before they see value in shorting again. Below 2440 I am wrong and bears showing strength again. Invalidation is above 2460. short term: Bullish af again. Want to see a proper channel form, that we can grind to 2480 or 2500. medium-long term: For now I think the most reasonable outlook I could give is a trading range 2200-2500. This could hold for some time. Bear in my still thinks this rally is dumb and we will see 2000 again this year but that’s as unreasonable of an outlook one could hold so DON’T. —adjusted 2450 to 2500 current swing trade: None trade of the day: Tricky. Bar 10 was strong enough to expect more upside but the pullback afterwards on bar 11+12 was deep enough to trap many traders out. Bar 13 was the long to be in while it formed but tricky in any case.
COMEX_MINI:MGC1!Long
by priceactiontds