Gold ShortI’m observing a potential short opportunity on gold using Fibs. After a bullish move, gold is approaching a 50% golden zone for an entry.
About Gold Futures
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a fiat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
Bearish continuation Flag indicating Gold Fall towards 2665 $Short Entry Zone 2710-2700 Future contract
Profit taking zone 2665
Stop Loss( Risk 5% of equity) recommended because in this zone I prefer averaging trade with Max risk of 5% of equity
Bearish flag formation which indicate heavy price fall.
A **bearish continuation flag** is a technical chart patte
Gold silver oil coffee12.10.24 there is some important follow-up on gold and silver. those markets have expanded. what this means is that trade location changes as well. when markets expand and contract this affects trade location for buyers and sellers. regarding coffee there is a two bar reversal pattern that sugge
Gold Is GO! And Everything Lined UpThe open was above the Center-Line and everything else lined up nicely.
To me this is a fair Long, with a good Stop below the last MoMo Candle.
I like to take partial profits, so I have two in this case. The first at the 1/4 line, since price has a tendency to bounce there. The second one is the
GOLD a little nudge to the downsideWhat a nice upside from my last update!
Sadly, entry did not get filled.
BUt for now we are on a fast support to resistance flip that is easily seen.
A big win for a small validation.
Nice setup!
Gold (MGCG2025): A Technical Perspective and Market OutlookGold prices have seen a slight decline today, with spot gold trading down 0.3% at $2,672.25 per ounce and U.S. gold futures dropping 0.6% to $2,692.70 as of 0914 GMT. Despite the dip, gold remains on track for a weekly gain, fueled by anticipation of the U.S. Federal Reserve’s upcoming policy meetin
A quick gain of 4% on Gold Trade can be entered at the breakout of neckline around 2625.4 for the TP of 2521.7 with a Stop loss of 2728
Gold Futures Trade Idea
Gold futures have broken out of multi-year resistance levels and are trading near all-time highs. After trending higher for most of 2024, the focus shifts to where prices will move in 2025 and the remaining weeks of the year.
Several macroeconomic factors will influence gold's trajectory, includi
Gold December 4th the gold market is the guinea pig because there are some issues with my terminology that need to be clarified. I've been using some incorrect terminology when I use the term bull flag or Bear Flag and I looked it up and that made things worse so I explained here what I mean. also
Gold Outlook for December 2024Sticking with my conviction that we have indeed capped the high for Gold for 2024 and have already fulfilled a 30% retracement back into the overall range. We could potentially be ranging for the remainder of the year. I'm anticipating major breakouts within Q1 of 2025. If gold decides to breakou
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of Gold Futures is 2,662.5 USD / APZ — it has fallen −0.51% in the past 24 hours. Watch Gold Futures price in more detail on the chart.
The volume of Gold Futures is 137.27 K. Track more important stats on the Gold Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Gold Futures this number is 350.95 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Gold Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Gold Futures. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Gold Futures technicals for a more comprehensive analysis.