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.
Contract highlights
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 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 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 (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 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
Gold break out to the top or for a retrace tomorrow or overnightGold went on a tear after gapping up and cleaning up the gap in the overnight session. With Daytrader pivots resistance levels being so close compared to yesterday it stands to reason one side or the other will be broken. Which side will it? We dont know. But if it breaks one side or the other we wi
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Displays a symbol's price movements over previous years to identify recurring trends.
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Frequently Asked Questions
The nearest expiration date for Gold Futures (Jul 2016) is Jul 27, 2016.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Gold Futures (Jul 2016) before Jul 27, 2016.