Sell goldSell gold as described in the analysis provided and follow the steps specified in Stop Loss and Take Profit
XAUTRY1! trade ideas
New Strat ?so long story short iwent for this same looking trade yesterday on a new propfirm that i had recently just paid for and well in one trade i blew the account. and i was dumbfounded becuase i knew my analisy was right and turns out it was but heres what i got wrong.
i ended up being impatinet and not sticking to my orginal sell order and felt like i was going to miss out on this amazing opertunity and decidcied to throw out to sell limit order and go ahead and scale out the right leverage and get into the trade live in the market.
so i did that and used the proper leverage that i like and that could pass my account in the very same day and well what do you know +_+ it drops to about 500$ in profit then retraces back up then it did it again and then it traced up to 1000- and then went into 800$ Profit and then retraced agian then went all the way to my stoploss which btw was were i had preveiskiky had my sell order and well i got stoped out and breached my account. and i spent 117$ on the account through myfunded and well then guess what it drop not shi of esacly that point and went all the way to my TP BRUH. and so i took another trade today and relizsed the same set up and im now wanting to understand this set up becuase it has work 2 times esacly the same way within the marketn
Gold Continues Higher . . . Look for Small PullbackWhere are we today? We are in a rising wedge . . . and there is a risk that gold eventually breaks this primary trend levels . . . but, if past is prologue, then we should see a 15 minute retracement into our next buy at the 4 hour HWB long setup. . . around 2391-2393.6 area.
GOLD (GCM2024, XAUUSD)... BULLISH BIAS!Bias is Bullish.
Price is moving up with convincing
momentum. Respecting bullish PD
Arrays, disrespecting bearish ones.
No signs of reversal. The intent to
reach the DOL/Swing High seems
clear.
The expectation is for Gold to make
further gains. A potential pullback
to 2400 area would make sense as a
zone to buy from, as buying from the
top is not recommended.
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2024-05-20 - a daily price action after hour update - goldGood Evening and I hope you are well.
Gold
comment: Another triangle 2412 - 2440 which I expect to break down below and we get a second leg down. The measured move target is 2375, coincidences… Besides that, bulls got the 2450 and market showed bigger rejection again. Bears need follow through below 2400 now.
current market cycle: trading range
key levels: 2300 - 2450
bull case: Bulls have all arguments on their side, as long as the bull trend lines are intact and they trade far above the daily 20ema. . They probably want another retest 2450 tomorrow and some higher to make the bears who sold 2450 today, cover. Obvious target above 2450 is 2500, invalid below 2400.
bear case: Bears sold-off for 40 points from the highs but the follow through was not good enough. I think the lower high is reasonable here to expect a bigger second leg down to 2375. So right now they need to keep this a lower high and break the first bull trend line around 2420 for a test of 2400. Invalid above 2445.
short term: Sideways, then down - Invalid above 2443
medium-long term: Still no better opinion on this to be honest. I don’t like to get into the speculations why the Gold price is where it is. I have been saying that the market was very unusual over the last 2 months to say the least. We are on our way to retest the highs and after that I expect to trade down to at least 2150 but for that we need way bigger selling pressure. —unchanged
current swing trade: Shorted 2429 for target 2375, sl 2443
trade of the day: Short 2450 - rejection was good enough and bears got follow through
GOLD Futures: H4 Footprint Insights and Daily Chart DynamicsGold Futures Footprint Analysis on the H4 Timeframe reveals an intriguing market dynamic. Monday's opening saw a bearish candle, characterized by a spike that retraced to the previous Point of Control (POC) volume of the preceding candle. This retracement occurred concurrently with a block of previous bullish orders (513+535), suggesting a potential area of resistance. Despite the presence of sellers, there appears to be a notable imbalance favoring buyers, indicating underlying support for a price increase.
Although the Delta reflects a bearish sentiment, the sellers' efforts do not seem to exert a significant downward pressure on price movement. This phenomenon aligns with a classic interpretation of price action in CFD trading, commonly referred to as a "retest."
Zooming out to the daily chart, we observe that buyer volume slightly surpasses that of sellers, accompanied by a lower Delta compared to the previous candle. This discrepancy implies that a relatively small effort from buyers may yield significant results. Moreover, the POC on the daily chart currently resides on the upper side of the candle, indicating that the majority of transactions or market battles are occurring at higher price levels. This observation further strengthens the case for a bullish continuation.
In summary, the Footprint Analysis highlights a nuanced interplay between buyers and sellers in the Gold Futures market. Despite initial bearish signals, the presence of buyer imbalance and strategic positioning on the daily chart suggest a potential bullish momentum continuation. Traders may consider these insights when formulating their trading strategies.
Daily Footprint Analysis
DXY Silver gold5.20.24 this videos is about you markets the that are coming to are target on an ABCD or any other pattern....but has very aggressive price action that suggests that this is not a reversal.
a weekly price action market recap and outlook - goldGood Morning and I hope you are well.
This is my weekly outlook, written yesterday evening. So market already made the new ath and now I wait to see if they want to squeeze higher or we hit a hard wall for big players to continue to unload.
gold futures
Quote from last week:
bull case: 2285 was the low last Friday and this week held above it and my two legged correction was almost perfect to the tick for the A and the B leg and C was only short 20 points. So I gave you perfect 50 points up, 20 points down and another 50 points up. Hope you made some. Bulls are in clear control and until bears break strongly below 2300 again, we are on our way to retest 2448.
comment: 3 clear pushes up and still not near 2450, which is not as bullish as it could be but it’s still only going up so naturally I look for longs. Market probably will not stop until we print 2445 or 2450 but the recent pull-backs went on long and deep enough for me to think the upside is probably limited.
current market cycle: trading range
key levels: 2290 - 2450
bull case: Bulls continue inside the wedge and buy every dip they get. 2450 obvious magnet above. I won’t make this longer than it has to be. Weekly and monthly charts also just give bullish signals for this. This month is still an inside bar on the monthly chart, so if bears keep this as a lower high, odds favor trading back down to around 2320
bear case: All highs in this bull wedge were sold and we already had 3 clear pushes up. Bears will probably get a pull-back on Monday and then market has to decide if it want’s another try at 2450 or higher. First bear target is a retest of the breakout 2400 and then the 4h 20ema around 2390.
outlook last week: “Neutral until clear break of the given range. —unchanged”
→ Last Sunday we traded 2375 and now we are at 2417. No opinion last week.
short term: Small pull-back before another test of 2348 or higher. Invalid below 2370.
medium-long term: Still no better opinion on this to be honest. I don’t like to get into the speculations why the Gold price is where it is. I have been saying that the market was very unusual over the last 2 months to say the least. We are on our way to retest the highs and after that I expect to trade down to at least 2150 but for that we need way bigger selling pressure. —unchanged
Chart update: Removed bear flag. Added bull wedge.
GoldThis not a trading signal, this is just my opinion and if you copy my trade the risk is on you.
Gold on the daily chart , is @ resistance retesting the previous highs before pulling back to the support levels around $2,353 therefore im entering 2 trades ( one Selling to the support level, and other is ( Buying to continue with the up trend aiming for newer high.
5/12 | $GCWas expecting a dip, however we ripped out of the bull flag. New path of interest will be taking new highs before a buyable dip. That's where I will be interested in playing again.
Can the HOUSE CAPITALIZE SHORT after 4Hr Supply Mitigation...?COMEX:GC1!
“Persistence can change failure into extraordinary achievement.” -Matt Biondi
I believe that we are going to be able to catch a nice HIGH PROBABLE SHORT here on GOLD very soon...Being that price is currently trading inside of this Daily Supply and even clearer the Mitigated 4Hr SUPPLY ZONE!! I'm going to wait patiently for PA to continue to develop and then we'll drop down to a LTF and wait for a confirmed 15m CHoCh and then we may enter the market SHORT... I will keep update once we get more data printed...
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 Step!!
Stay Focused & Reach Excellence!!
#BHM500K #NewERA #Champions
58% win rate Python trend follow trade set upThis trade set up call SNRC that use previous resistance as support when price break above and comeback to retest
I backtesting this trade set up with Python using 720 day price history data
so you can see the optimization heat map
this is 58% win rate with 2RR trade set up
📉 Gold Futures Parabolic RiseThe black curved line on the chart is called a "parabola," as in "parabolic rise."
A parabolic rise tends to lead to a very strong correction.
The only way to sustained a parabolic rise is... Well, it is impossible, the Gold market fluctuates between up and down.
The peak, ATH, happened on the 8-April weekly session.
This session ended with a long upper shadow followed by a local lower high.
The whole chart structure has bearish potential.
I am here trying to predict a reversal, which is something very hard to do.
In order to predict a change of trend, we always have to jump in when things are not looking the best.
By the time the signals are clear and confirmed, Gold will be trading at $2,300 or below $2,250. I personally wouldn't wait for those.
➖ Some people trade the breakout with low risk;
➖ Some people trade before the breakout with a tight stop-loss and still very low risk but a higher potential for reward.
What you choose, is up to you.
My mission is to alert of the move before it comes.
After the bearish comes a bullish wave.
Thanks a lot for your continued support.
Namaste.
UPDATE GOld hit 1st target - 2nd Target ready to rally to $2,746Our gold anaslysis played out very nicely after the triangle formation, breakout and then run up to the first target at $2,236.
Now we have a new formation in the making - W FOrmation.
I do believe we will get some sideways movement to create equilibrium and prepare for the next run up.
So as long as the price is above the 20 and 200MA - it's good to go!
My second target is set for gold to $2,746
Precious metals have been just that, precious Gold SilverThe US #Dollar is trading in the middle of its range since Late 2022.
It is also holding the recent uptrend well.
TVC:VIX is a tad lower today.
#Gold & #Silver still look good, Daily & Weekly.
Loading up on AMEX:SLV when we stated the inverse head & shoulder was a good move.
(took some off recently but still have large position)
AMEX:CEF AMEX:GLD
GOLD Next movegold just gave a divergence -tight divergence on the daily tf and a wide divergence on the 4hr tf . it as well gave us a rising eadge with a break of the counter trend line and a retest on the 4hrs time frame giving us an entry
Gold, not FoldMoving averages displaying all the characteristics of an uptrend, classical Inverse H&S pattern formed, as long with volume upticks with prices pushing upwards leads me to believe this precious metal price could increase
Gold COMEX Future - Intraday Levels - 15th May 2024*ONLY MAJOR LEVEL* also refer yesterdays level
if Sustain above 2365.3 then bullish then 2375 then 2383.1 then 2395.3 to 2399.4 then 2411.8 to 2417.1 then 2420 then 2420.9 above this more bullish
if Sustain Below 2360.3 or 2358.2 below this bearish then 2346.3 then 2338.2 to 2324.1 below this more bearish
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
Gold Futures Target All-Time HighsTechnical Momentum Strengthens
Gold Futures hit an all-time high in 2024 at $2,448 on the June futures contract on April 12. Since then, futures have corrected; however, gold remains firmly above the rising 50-day moving average at $2,294 and well above the 200-day moving average at $2101. The technical perspective shows momentum studies increasing, with the 9-day moving average trading above the 18-day.
Stochastics are rising from oversold territory, and DMI + above DMI- , indicating that the bulls are technically in control.
Tailwinds Continue to Develop
With a 3% chance of a June rate cut, according to the CME FedWatch Tool, traders are focused on September; swaps are pricing in a 65% chance that the Fed will make its first interest rate hike in the cycle.
Geopolitical tensions, rampant fiscal spending, and central bank buying have been the main drivers and have significantly propelled Gold prices recently.
Industrial Metals Strengthen
Performance remains strong in the Precious Metals space and has continued to spill into the industrial complex. Traders continue to monitor manufacturing, Chinese Economic data, and the U.S. economy.
www.tradingview.com
CME Real-time Market Data help identify trading set-ups 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
Disclaimers
*Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services.
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
Gold Futures Target All-Time HighsTechnical Momentum Strengthens
Gold Futures hit an all-time high in 2024 at $2,448 on the June futures contract on April 12. Since then, futures have corrected; however, gold remains firmly above the rising 50-day moving average at $2,294 and well above the 200-day moving average at $2101. The technical perspective shows momentum studies increasing, with the 9-day moving average trading above the 18-day.
Stochastics are rising from oversold territory, and DMI + above DMI- , indicating that the bulls are technically in control.
Tailwinds Continue to Develop
With a 3% chance of a June rate cut, according to the CME's Fedwatch tool, traders are focused on September; swaps are pricing in a 65% chance that the Fed will make its first interest rate hike in the cycle.
Geopolitical tensions, rampant fiscal spending, and central bank buying have been the main drivers and have significantly propelled Gold prices recently.
Industrial Metals Strengthen
Performance remains strong in the Precious Metals space and has continued to spill into the industrial complex. Traders continue to monitor manufacturing, Chinese Economic data, and the U.S. economy.
www.tradingview.com
CME Real-time Market Data help identify trading set-ups 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
Disclaimers
*Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services.
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
GOLD Price Stability Amid Rising Global TensionsOn Tuesday, the price of gold stabilized as mounting geopolitical tensions spurred demand for the safe-haven asset.
Escalating protests against Israel’s presence in Gaza, Russia’s initiation of a new conflict in Ukraine, and concerns regarding potential disruptions in global trade have heightened the perception of geopolitical risk.
The decision by BRICS nations to reduce reliance on the US Dollar for international trade transactions has bolstered interest in gold as an alternative. Consequently, there has been a notable increase in non-Western central banks' demand for gold, accompanied by a corresponding decrease in US Dollar reserves.
Gold is being considered as a viable substitute for the US Dollar as a secure store of value in international trade agreements involving nations with volatile domestic currencies, as per insights from the Carnegie Endowment for International Peace, a Washington-based advisory service.
From a technical standpoint, analysis of the H4 timeframe reveals a divergence in the cumulative delta, with the preceding candle exhibiting a negative cumulative delta while the current candle shows a positive delta. The previous candle effectively absorbed all inefficiency orders from sellers, forming an absorption candle characterized by a long spike, while the current candle is endeavoring to elevate buyer volume. There is potential for the current candle to retest the previous candle's point of control (POC) to attract new buyers at a discounted rate. Our strategy revolves around a long setup with a target aimed at the previous fair value area.
Gold COMEX Future - Intraday Levels - 14th May 2024if Sustain above 2343.9 then 2347.1 then 2351.1 to 2352.3 then 2355.4 above this bullish then 2358.4 then 2362.4 to 2363.7 then 2366.9 above this more bullish
if Sustain Below 2340.8 or 2339.9 below this bearish then 2335.9 then 2332.4 then 2329.3 to 2328.6 below this more bearish
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
Long GOLD (MGC Jun2024)Daily reversal candle after a breakdown on a daily chart. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
