XAUTRY1! trade ideas
Extended Trend On Gold4 hour chart is entering the 7th wave
1 hour chart is entering the 11th wave
15 min chart is inside of the 4 hour supply zone (market edge.
We might get a double top or a retest of this area and a deep pullback to 2152.8. At this point the 1 hour trend will recalculate.
However if price follows the 4 hour pullback then we could see a drop all the way to 2095.
GOLD XAUUSD GC LONGYet another very strong Daily close on Gold.
DOL is Thursdays high.
I want to see h1 bullish arrays respected to then look for M5 bullish displacement for long entry.
The unstoppable GOLDUS$ weakness fuels GOLD to move up.
GOLD futures are in wave 'C' of ABC recovery wave.
XAUUSA/GOLD MOVES 2OK, I did some checking and I came up with this....
*1st will see what move gold is going to take.. if it breaks the top line, I buy, but if it goes down .. I wait for the conformation candle and place my sell positions
still advise to test with demo account just to see if my strategy works or fails
XAUUSA/GOLD NEXT MOVEMy analysis on GOLD 🥇
if the first candlestick breaks...place buy trade.. USE demo account to test this signal
LONG TRADE
CORRECTION Looking to sell gold on a bounce to 2023.0Looking to sell gold on a bounce to 2023.0
Stop is 2062.0, target is 1981.0
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Gold Challenges New High - Expecting More Upside Inflation was only keenly felt, especially after the pandemic in April 2021, when the CPI broke above 2% to 4.15%, and then quickly soared to a high of 9% in June 2022.
However, gold has been signaling impending inflation since the year 2000, which was 24 years ago. Currently, gold is also indicating further upside potential over the long term. What will be the implications for inflation and ultimately interest rates down the road?
Micro Gold Futures & Options
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0.10 per troy ounce = $1.00
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Gold LongsGold Longs (S&P PMI) 9:45Am (ISM-PMI) 10Am - Price respects that low after displacement. Respects (CE) of the whole move. Respect the Inefficiencies in the new (PD Array). Textbook
Gold XAU GC LongGold had another very strong daily close today.
My DOL is Monday's high.
I will be looking for a pullback to respect a H1/H4 bullish array, to then give me the go ahead to enter on a bullish displacement on m5/m15 timeframe.
GOLD FuturesGold (GC) broke 2120 - now it's going to 2165
Actually it's not yet top Target - it's another Resistance area...
Analyze GOLD or XAUUSD by AI Investic Analytic StudioToday our AI has generate a strategy for trading GOLD future (GC1!) and XAUUSD which are two scenarios: Buy and Sell.
For Gold future (GC1!), strategy of Buy side or Bullish is Entry: 2113.5, SL: 2108.5, TP: 2123.5 and strategy of Sell side or Bearish is Entry: 2123.5, SL: 2128.5, TP: 2113.5.
For the XAUUSD, strategy of Buy side or Bullish is Entry: 2122, SL: 2117, TP: 2132 and strategy of Sell side or Bearish is Entry: 2132, SL: 2137, TP: 2122
The Gold Odyssey - Breaking out!Its been years of waiting and I think it is about time!
Gold is rotating back and should finally close the week outside of the constipation box (yellow).
MACD and VolDiv are crossing above and should be supporting a rise in Gold.
New target for this run, 2600 (Jan 2025).
Heads up!
Gold (Futures) updateGold is at new high and hit the 1st UP Target = 2120
1st - because it's going higher, guess to at least 2200!
Gold-Will the bulls see yet another breakout failure?Bullish narratives I've seen published online over the last couple of years:
1. Gold is a hedge against inflation
2. BRICS Currency-it will be backed by gold
3. China is hoarding gold
4. Central banks are gobbling up gold
Given all these narratives, one would think gold has some pretty strong tailwinds yet it has had 3 breakout failures since these narratives began. Will this 4th breakout we are currently experiencing be "THE ONE"? Or is this LT chart forming a possible distribution pattern around the $2K price point?
When I look at this chart in its simplest format...the inability to firmly breakout 3 times previously tells me the market has been selling into the strength vs. a true belief in its bullishness. Typically you want to see a chart "break, test and go"...this certainly did not happen.
This evenings strong move up due to "war news" is now just about to a key area of resistance...the non-horizontal trend line (blue dotted line).
Reality of golds usefulness: "More than 80% of the extracted gold is used to make jewelry, therefore the jewelry industry is by far the largest processing sector for gold.”
So in simplest macro terms: to be bullish on golds breakout, one should be very, very bullish on the male consumer buying up jewelry to be given to his companion or be very, very bullish on the female consumer buying or wanting gold jewelry.
Newsflash-Taylor Swift tickets & Sephora have eaten away at the female consumer over the last couple of years and gold jewelry is not something on the Christmas list right now! (just saying...)
So I'll go out on the limb and say the gap up this evening will end up being a sell the news sort of event and we will eventually see yet another breakout failure.
Can't wait to hear all the gold bugs tell me I'm an idiot...but honestly, I just don't get the allure of gold and why it's discussed so much in trading/markets. We don't go backwards in time, ever. IMO gold is no longer what it used to be in terms of it's market impact hence why these breakouts keep failing...instead it's now mostly just used to make beautiful jewelry.
GOLD New targetGold broke out of the triangle..and New tgt calculated and got activated when it broke out of the triangle pattern...So buy....
Mar 4th 2024 GC Update - Potentially a start of something bigAnother share from the TTR, this time is a commodity chart - #GC
Beautiful move up on Friday!
The price has stopped right at the trendline support; there is one more resistance box above it. When/If it is broken, we will see the next trendline tested again, followed by a breakout box.
This is a very bullish action as if the price continues to break out, then expect some geopolitical issues to come next, which means the markets could be near its maj top!
GC 15M ICT UNICORN BULLISH BREAKERGC created nice 15M bullish breaker aligning with 15M FVG. I will be targeting weekly equal highs as a draw on liquidity. 1:2 RR would be available in this trade
a daily price action after hour update - goldGood evening and i hope you are well.
Interesting day today. Very strong move by the bulls above many bear trend lines. The first move to 2046 happened exactly in the Globex session as i said but the spike to 2058 was so big, that all bears had to give up. I expect follow through.
Quote from yesterday:
At 2046ish are 3 magnets: upper bear trend line, 1h 20ema and the bull trend line from the triangle, very high probability market will go there for a retest.
bull case: Bulls want follow through and i got a measured move target around 2080-2090. If this was a w1, it could lead up to 2100+ again. If bulls can keep the giant bull gap open, i’d enter on a stop 2060 for 2080 and higher.
bear case: Bears gave up on the spike bar and will be cautious before shorting again, especially not the bull flag we formed into the close. If they could close the gap to 2046, this might reverse completely but for now bulls are in control.
short term: neutral until we break 2060, then it’s up, below 2046 is more down
medium-long term: sideways
trade of the day: long double bottom one tick above bar 8, which could have given you the complete spike up. Monday and Wednesday could not break 2030 and it was an obvious buy area
Gold forecastgold forecast. We believe that 3 downward waves have been completed after 5 upward waves since October 2023. So we would now be in a new wave to the upside, targeting 2150.
