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XAUTRY1! trade ideas

Gold 05-08 long, pullback continue to longGold, last Friday's non-farm payrolls did not give a clear direction, and continued to fluctuate within a large range. The key pressure above remained at the 30 line, while the support below continued to be accompanied by constant shocks, and the lows continued to rise. However, the range has not been broken, and the daily moving average system is also concentrated here. Near the position, the lower mid-rail position and the short-term moving average position have also continued to move upward, providing effective support to the bulls. In the short term, we will also maintain above this position and continue to wait for long positions. With the long-term sideways trading in the range, we currently need more patience to wait for the later breakthrough and continue to follow up, and the hour The line is also expected to form an upward triangle consolidation interval. Once it continues to break through in the later period, the amplitude can be imagined. Moreover, the daily line also closed in the form of a cross star with a negative line on Friday, and the upper and lower top and bottom positions of this position are also the key support and pressure points in the later period. Therefore, we will first maintain a long position near the lower support of 2900 and wait, with the target around 20-30. If it breaks upward, it can still look up to around 50. If it retreats below 2900 for a long time, this position is basically equivalent to the 5-day line position of the weekly line. Once it breaks down, we need to consider adjusting our thinking.
COMEX:GC1!Long
by ae54m2
3.10 Gold is still bearish todayAlthough the non-agricultural data on Friday was significantly bullish for gold, the daily pressure level has not been broken for three consecutive days. Today's idea is still to short when the daily pressure level ranges from 2919.50 to 2930, or to short directly at 2928.50. Support and pressure levels of gold in various cycles: Gold weekly support level 2715.00 area, gold daily pressure level 2919 to 2930 range, gold 4-hour support level 2904.00 area Today's suggestion: short gold in the 2910.50 area, stop loss 2920, take profit 2890 Or short the 2920 range if the small cycle falls below the support level and rebounds to the pressure level
COMEX:GC1!Short
by ae54m2
Gold Futures (COMEX) - 1H Chart Technical Analysis1. Price Action & Trend Analysis The current price is $2,917.7, showing a slight decline of -0.02%. The chart reflects a sideways consolidation phase, as seen within the highlighted blue rectangular range. A support zone is forming around $2,900 - $2,910, while resistance appears near $2,930 - $2,940. There are two possible price projections: Bullish Scenario (Red Projection): If price sustains above the Point of Control (POC: $2,927.8), it could move upwards toward $2,950 - $2,980. Bearish Scenario (Blue Projection): If price fails to hold $2,910, further downside toward $2,870 - $2,850 is likely. 2. Volume Profile & Point of Control (POC) POC: $2,927.8 is the area with the highest traded volume, acting as a key resistance level. Volume Analysis: Last 60 bars show up volume (295.541K) < down volume (243.149K), suggesting bearish dominance with 15.47% more selling pressure. If price remains below POC, a bearish breakdown is possible. 3. Support & Resistance Levels Immediate Resistance: $2,927 - $2,930 (POC level) Next Resistance: $2,950 - $2,980 (Projected upside) Immediate Support: $2,910 - $2,900 (Lower range) Key Support Zone: $2,870 - $2,850 (Bearish target if breakdown occurs) 4. Trend Channels & Market Structure Two projected channels are present: Bullish Channel (Red) suggests an upward breakout could lead to $2,950 - $2,980. Bearish Channel (Blue) shows a breakdown could target $2,870 - $2,850. 5. Trading Strategy Suggestions Bullish Bias: A breakout above $2,930 - $2,940 could push price toward $2,950 - $2,980. Buy if price sustains above POC ($2,927.8) with a stop-loss below $2,910. Bearish Bias: A breakdown below $2,910 could trigger a drop to $2,870 - $2,850. Sell if price fails at $2,927.8 and breaks below $2,910, with a stop-loss above $2,930. Conclusion POC ($2,927.8) is the key level to watch for direction. If price stays below POC, expect further bearish movement. A breakout above $2,930 could trigger bullish continuation. The volume analysis favors bears slightly, but confirmation is needed. Gold Futures (COMEX) - 1H Trade Setup & Risk Management Since the market is in consolidation near the Point of Control (POC: $2,927.8), we will set up both bullish and bearish trade scenarios based on price action. 📈 Bullish Trade Setup (Breakout Above $2,930 - $2,940) Entry: Buy above $2,932 - $2,935 (Confirmation of breakout & retest). Wait for a strong candle close above resistance ($2,930) with increasing volume. Target Levels: Target 1: $2,950 Target 2: $2,970 Target 3: $2,980 Stop-Loss: Place SL below $2,910 (Strong support level). Risk-Reward Ratio (RRR): Target 1: ~1:2 Target 2: ~1:3 Target 3: ~1:4 📉 Bearish Trade Setup (Breakdown Below $2,910) Entry: Sell below $2,907 - $2,905 after a clear breakdown with strong volume. Ideally, wait for a retest of $2,910 as resistance before shorting. Target Levels: Target 1: $2,880 Target 2: $2,870 Target 3: $2,850 Stop-Loss: Place SL above $2,930 (Key resistance level & POC). Risk-Reward Ratio (RRR): Target 1: ~1:2 Target 2: ~1:3 Target 3: ~1:4 🔹 Risk Management Tips ✅ Trade only after confirmation (Breakout or breakdown with volume). ✅ Risk per trade: Keep it 1-2% of your capital. ✅ Avoid trading inside the range ($2,910 - $2,930) unless there's a strong move. ✅ Use trailing stop-loss to secure profits once price moves in favor. 🔥 Final Thoughts If price holds above POC ($2,927.8) → Expect bullish move toward $2,950 - $2,980. If price rejects POC & breaks $2,910, expect bearish drop to $2,870 - $2,850. Volume favors bears slightly, but confirmation is key before taking trades.
COMEX:GC1!Short
by ProspireWealth
Bullish Movement in hidingThe Gold chart has a lot of info in display.If you go with the most current structure, you will see an (M) formation first,then a Bullish Flag and when you zoom out you notice a bigger structure of an Inverse Head and Shoulders(IHnS). So basically, there should be a short term sell to complete 90% of the M before moving upwards. This would mean placing a reminder at 2895.3 for the reversal of the M. As for the Bullish Flag it should be at 2904.0 but this can lead to a stop loss hunt if your SL isnt big enough to anticipate a wick all the way to 2892.0 or slitely further. Finally, the as for the Inverse Head and Shoulders(IHnS), the best entry would be at 2895.3
COMEX:GC1!Long
by theeonlydave
Gold in Strong Uptrend, but Is a Correction Looming?Gold remains well-positioned in a strong bullish trend, although prices have struggled to break above the rising trendline of the ascending channel. Considering that this move could represent the fifth wave of a larger-degree Elliott Wave structure, I’m on high alert for a potential correction. A pullback could bring prices back toward the $2,600 area. However, as of now, there are no clear signs of weakness, and the trend remains decisively bullish. 📈🔥
COMEX:GC1!
by COLOMBINI-TRADING
GOLD - WEEKLY SUMMARY 24.2-28.2 / FORECAST🏆 GOLD – 16th week of the base cycle (15-20+ weeks). The February 24 pivot forecast turned gold downward, marking the top of the current base cycle and forming a double top with the February 11 pivot forecast. By Friday’s close, gold hit the first support at 2850 (see chart). We are in the final stage of the base cycle, but the pattern does not yet resemble a cycle completion. 👉 The price movement from the January 29 extreme forecast to the February 11 or February 24 extreme highs provided over $15K per contract on GC futures. Those who entered, congratulations on an excellent trade. A short position was opened at the February 24 pivot forecast. 👉 Strong support is at the October 28 extreme forecast level (2850-2830 on the current futures contract). This level needs to be broken. The next support is the broken double top at the previous retrograde Mercury level from November 25 (2780 on the current futures contract). ⚠️ The next extreme forecast is March 3 – the beginning of the retrograde Venus period, which I wrote about in early December. I am not sure if this extreme forecast will start a new cycle. A strong extreme forecast within the timing of the base cycle’s completion falls on the start of retrograde Mercury on March 17 (week 18 of the cycle).
COMEX:GC1!
by irinawest
JOURNAL FOR MGC1!Today I placed two trades on MGC1! my first entry was a sell scalp which was strictly a technical entry and the second was the buy back up because it goes with the bias of gold being bullish, and inflation fears, so for each trade Ive wait on a area of consolidation (order block) then wait on a break out in this case after that impulsive move to the downside on gold I waited for an area of support to form with rejections of pushing lower at this point an order block should start forming, I tend to get a better structure of an order block forming on the 5min, once a bullish engulfing to print above the last high then I take the trade, today I had no draw down my entry was precise!
COMEX_MINI:MGC1!Long
by FuturesBaddie
SPY/QQQ Plan Your Trade Afternoon Update For 2-26-25Please take a moment to watch this video, in which I share my techniques and highlight what I believe will be the next setup phase for the SPY/QQQ, Gold, Silver, and Bitcoin. It looks like the selling pressure is nearly over, and I think the shift to a moderate recovery rally could set up over the next 24-48 hours. It could be a good setup for skilled traders. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
COMEX:GC1!Long
by BradMatheny