WE ARE CLOSE TO END OF *GC* BULLISH STORYIn the monthly time frame, I can see that 2647$ for the GC is the end of the story you can enter for a short position at this price, with a max of 25 pips SL, the correction range is 1500 to 1800 pips.Shortby Defi_magic339
SPY/QQQ Plan Your Trade Update For 9-17 : Wednesday is CriticalIf you were paying attention to my SPY Cycle Patterns today - boy, a beautiful "top" pattern setup today. Just like my SPY Cycle Patterns predicted more than 3 years ago. If you've been following my research, you already know I've identified dual excess Phase Peak patterns that should resolve into a rollover topping pattern, sending the SPY/QQQ moving downward towards the end of this week (Sept 19-20). If the current Ultimate High price level continues to act as resistance, there is a real potential for the SPY/QQQ to move into a downward momentum breakdown the following week (Sept 23-30). But, the one thing that throws the whole topping pattern into a mess is that the RSP has already broken to new ATHs and appears to be attempting to hold above the previous high-price fractals. Thus, we are seeing the equal-weighted S&P already moving into a broad value-based rally phase. Watch this video to understand why I continue to suggest traders avoid engaging in any big trades or get greedy, thinking they are going to WIN BIG on their trades. Yes, I'm sure some people will hit their targets over the next 3-7+ days, but others will get run over (hard). Unless you really like taking the risk of getting run over by the markets or market makers, I suggest sitting back and reading a good book while the markets or traders struggle to find their exits. One thing is certain: the markets will move into a trend by the end of September—either into a breakaway rally phase or into a rollover topping phase. You'll have lots of time to position for these trends because my research shows the next cycle phase is October 7-10 (nearly two+ weeks away). So, why stress out about tomorrow's Fed Rate decision? Just sit back and wait for the markets to give you a clearer understanding of what's next. I'll create another morning video tomorrow morning. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Short18:53by BradMatheny228
Silver Tracks Gold vs InflationI'll let you guess where silver is heading... #gold #silverby Badcharts9
Gold 2,538$, Sept 24'. Sharp Decline follows ContinuationHello Traders. This is my analysis of Gold for the medium term. We have CPI forecasted to decrease tomorrow and IR anticipated to be cut next week. We may observe heavy volatility and opportunity in the market. CPI Consumer Prices have been decreasing /cooling all summer 24' Labor Market began strong but has progressively cooled though Summer 24' Additionally, the Labor market began relatively strong through Q1 and Q2 24' but has eased into Q3 Interest Rates have remained the same through the summer 24' and remain unchanged since Sept 23' Shortby ShrewdCatfx1110
GC Short 09/18/24Selling inside of the previous day premium area. Looking to take out 11am sell side liquidity. Price already showing signs of weakness and looking to trap impatient sellers. Shortby mwcshy2
GOLD FUTURES MCX ANALYSIS ( LOOKING BULLISH )Gold futures looks bullish and we can expect levels upto 82300 once it crosses 76100 in near term ( By 30th November ).levels are marked in chart posted. Before we witness breakout of 76100 view is cautious and one should remain bullish with buy on dips strategy .Longby IshanMathur052
GC1: Sell ideaSell idea on GC1 as you can see on the chart because we have the breakout with force the support line and the vwap indicator....Shortby PAZINI194
FOMC event - leaning bearishThe RSI is above 80 and looking at the past times in this area, I think we go lower after the FOMC news. You can call this "Priced in", as we had a run up to this event. I follow seasonality and september is not the best month for Gold. October to december are very good months for gold, so be patient and wait for a pullback Good Luck!Shortby hockeysniper4
2024-09-18 - priceactiontds - daily update - goldGood Evening and I hope you are well. tl;dr Gold - Bull trap above the bull wedge as I wrote. Bears confirmed it with the close today. I look for shorts tomorrow and expect 2560 or lower to be hit tomorrow. Anything below 2540 would be a huge surprise and we could see an acceleration down to 2500. If bulls reverse this and trade back above 2610, bears will most likely give up until we hit 2700. comment: Another spike and new ath but huge rejection. I do think the rejection was strong enough to expect follow through and test the lower bull wedge trend line around 2550/2560. current market cycle: bull trend key levels: 2550 - 2630 bull case: Bulls tried to break above the bull wedge and failed. Odds now favor a retest of the lower trend line (daily ema is also there), where I expect buyers to step in more strongly again. If bears somehow fumble this again, bulls would need a reversal of the huge 1h bar and get back above 2600. The longer bulls can stay around 2600, the better. Invalidation is below 2540. bear case: Bears want to keep the momentum strong tomorrow (after the 50+ point rejection from the new ath) and test down to 2550. If they somehow manage to break below 2540, we could see an acceleration down to 2500/2520 but I highly doubt that. Since we had a spike up and then a huge spike down, the dominant pattern is still the bull wedge and there is not much more magic to it than what I described. Bears absolutely need to keep it below 2600 to have a chance of lower prices. Invalidation is above 2605. short term: Neutral until bears get follow through below 2570 or 2600 is clear resistance now. medium-long term: 7 consecutive months where Gold barely went below previous month’s low. Strong buying on the monthly chart but also the third push up we are currently in. I highly doubt bulls get another one so if it continues, it’s without me. I am waiting for a bigger correction. current swing trade: None trade of the day: How could you predict those spikes today? You can’t. How can you trade them? Only viable could have been shorting the spike above 2620 but those are hard to take. You would need a wide stop and scale in. One time you short it correctly and make the trade of the week and next time you blow your account if you are not humble enough. Today was no obvious good trade to be honest.by priceactiontds1
GOLD FUTURES SHORTAnalysis - Market reaches for trendline which would be a retest of a bullish trend - Once trend line has been touched the market can potentially move into the previous resistance level turned to support and continue its bullish momentum. Shortby vargastrades112
Gold Futures analysis 2024/09/09 COMEX:GC1! Notice: The points are only valid from 2024/09/09 to 2024/09/20 What we have now? 1. Current price: 2530 2.The key support and resistances level: 2570 2535 2485 2420 2310 Future Price movement 60% chance: The momentum today is still pretty strong, and I’m expecting a of another push towards the resistance level at 2570. 40% chance: Moving back to 2500, and start moving back from 2500 to 2485 Trade safe!Longby DrkeezySSGcup8
SPY/QQQ Plan Your Trade Update : GOLD Breakout WINNERGetting through my morning with phone calls and coding - I took a break to check on the markets and what did I see? A huge breakout rally in GOLD. This huge move higher (+$40) is a massive win for those who followed my Plan You Trade Videos. I've been saying any price move above $2565-$2575 would be a gift and traders should attempt to BOOK PROFITS as Gold moves above these levels. I warned not to hold positions above $2585-2593. In fact, I'm expecting a bit of a metals flash-crash event to take place near mid-October. But, today is a winner day for gold traders. A HUGE WINNER day. I'm so happy to hear from all of you about your success with my Plan Your Trade videos. This is what it is all about - help you become a more skilled trader. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Long07:41by BradMatheny3
NEW LOW.....before todays closing Gold and Silver....CRASHED G+SAfter US open.....Gold and Silver.....Intraday Call........ Operator start works........-02.00% down....In few minutes..... Gold and Silver CRASHED....in next few hourssssss........ Gold......DEC Futures......2580.30 to 2530 2520 2510 in next few minutes.... Gold......XAUUSD......2551.70 to 2510 2500 2490 in next few minutes.... Silver......DEC Futures......29.712 to 28.800 28.600 28.200 in next few minutes.... Silver......XAGUSD......29.388 to 28.500 28.300 28.000 in next few minutes.... SEBI REGISTERED RESEARCH ANALYST......Shortby sebihirengarasondia3
GC - looking for a higher move..Looking for a higher move on GC. Late day, possibly it should pick up movements!!!Longby BlueSecUpdated 2
Looked at about five markets9.9.24 there were some great moves at the end of last week and there were great reversal areas this weekend on Sunday especially with the ES and this follows the previous video when I predicted that the es would go down about 100 points. I botched up the silver on this video a little bit but it made a real nice movement lower and came down to support ... but I'm not quite sure if it's going to go higher or lower... so I talked about that on the video. I left some other Marcus that we've been following to be videos maybe later today or tomorrow.32:02by ScottBogatin5
[Daily Bias] Gold - Wed 09112024 - Continue RallyThe price is rallying with strong momentum, and I expect the rally to continue today following the CPI release. I anticipate two possible scenarios: The previous Value Area High (VAH) holds, allowing the price to continue its upward rally after the CPI release. The price pulls back into the previous Value Area, holds there until the CPI release, and then resumes the rally by zneo991
GC - possible longGoing long GC @ 2535, with sl just below 2533.. small SL... will update the TP soon...Longby BlueSec1
Smart Money Positioned to SHORT Gold - COT StrategyDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence. COT Strategy SHORT Gold (GC) My COT strategy has me on alert for short trades in GC if we get a confirmed bearish change of trend on the Daily timeframe. COT Commercial Index: Sell Signal Valuation: Overvalued vs Treasuries Extreme Positioning: Commercials around max short of last 2 years = bearish. True Seasonal: Seasonal down to October. Supplementary Indicators: %R & Momentum (not yet confirmed) Remember, this is not a "Short Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the downside, which we will participate in with a confirmed Daily trend change to the downside. Good luck & good trading.Short02:10by Tradius_Trades3
Sell Russell and Gold tomorrowTomorrow I will be looking for shorts if everything went like expected. Setups are explained in detail in the video #trading #goldtradingShort05:51by MoemenAwadalla1
Gold ZonesI have no zone, between the green and yellow, but there is a price level to be aware of.09:28by MoneyDuck_Butch0
Gold to 2530From what we saw during the FOMC meeting I predict to see the price of Gold more lower than the Monthly opening;Shortby RanoTrading0
New Plan! Buying MGC Contracts until the (DXY) Smoke Clearsthe markets opened up for the week and DXY - the US dollar index - immediately started selling off, down almost 0.5% within the first couple hours of trade.. i think its time to leave that market alone until it sees some stability. i will now be looking over to the gold marketLongby trader92241
[Daily Bias] Gold - Thu 091612024 - Drop lowerThe price opened within Friday's value area, tested the value area high (VAH), and then dropped today. After a significant move, the price needs to stabilize before deciding on the next direction, especially with tomorrow's newsShortby zneo990