GC1! trade ideas
[Daily Bias] Gold - Tue 08202024 - Reject By dOpen Or Sweep LiqBias sell today with 2 scenarios
Price got rejection on day open & drop
Price sweep high liquidity, create UTAD & drop
Short for a retracementClear BOS to the upside on the 4H chart. Expecting the 15m swing to flip bearish to facilitate a pullback on the 4h swing. Had a confirmed internal bearish flip on the 15m. Took a short at the newly formed supply zone of this flip, aiming for a pullback to the yellow line below.
Sleeping Giant Awakes: Gold's Path to $2,800If you haven`t bought Gold before the previous breakout:
Now I am optimistic that GOLD is on the cusp of reaching a new all-time high, with a target of $2,800 by year's end, driven by a significant breakout.
The bullish sentiment is clearly reflected in the options chain for major gold miners!
Provided that gold maintains its position above the crucial support level of $2,428, the bullish trajectory remains intact. We foresee gold not only surpassing its historical high of $2,483 in the near future but also advancing to $2,800.
After lying dormant for many years, this sleeping giant appears ready to awaken and exhibit remarkable growth.
Can the HOUSE CAPITALIZE SHORT if 1Hr Demand FAILS...?COMEX:GC1!
"PERSISTENCE. Nothing in this world can take the place of good old persistence. Talent won't. Nothing's more common than unsuccessful men with talent. The world is full of educated fools. Persistence and determination alone are all-powerful. Show that you don't have to be defeated by anything. That you can have peace of mind, improved health, and a never-ceasing flow of energy." -The Founder
Family as we get ready to kick start this trading week I have developed a High Probable Set Up SHORT on GOLD if we can get the following sequence of events to take place. Below I will breakdown what I'll be looking for to enter the Market. Now remember before we get started, nothing in the market is set in stone on a individual trade basis. We play the longterm game of probability! Understand the Odds N beat them longterm is our aim! Now to the SHORT breakdown for the HOUSE to CAPITALIZE ON.....
1) Bulls have created a NEW HISTORIC ALL TIME HIGH here on this asset. Price just hit ($2550.0) and we just so slightly started to see some exhaustion with sellers pushing price lower. * On the 1hr TF bulls pushed price right back up into the Un-mititgated 1Hr Supply zone and now this is where we will see if Sellers will Defend their positions establishing the stronger hand and push price lower.
2) 1Hr TF PA.... We have developed a 1Hr demand zone just slightly below current pricing that ranges from ($2534.5 to $2523.5) and this is where we'll see how sellers & buyers react to each other to see who will establish the stronger hand. If This demand Zone Fails with a confirmed candle closure underneath then I will be compelled to go SHORT. Price that I want to see hit is ($2523.5) in which would be a 1Hr CHoCh (Change of Character) if Sellers Hold their defensive stance at 1HR Supply.
3) If and when price breaks the 1Hr Demand Zone below and we get a confirmed 1Hr CHoCh candle closure underneath then I'll enter off a LTF 5-15m level of Supply and target the 30m Demand zone just slightly underneath Daily Support Level. pricing ($2505.5) roughly around 150pts in our favor SHORT...
**** Now remember this 1 KEY POINT, We are trading above a Major Daily Support Level ($2520.0) If price breaks underneath 1Hr CHoCh Level ($2523.5) we have to be very cautious as we are approaching a MKL (Major Key Level) Daily Support Level!
4) I'll keep close update as PA develops and we have more data to work with.
***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 Keep Steppn!!
Stay Focused & Reach Excellence!!
#BHM500K #NewERA #Champions
(Update) !!! Gold daily Chart Analysis : Bull or Bear ? (READ)Gold it was in an ascending triangle which means the price is about to do a good bullish movement ✨ Fortunately The break out happened. The price can increase as much as the measured price movement ( AB=CD ) .
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Monday Ranging: Anticipating a potential fakeout near the top ofMonday Ranging:
Anticipate price movement towards the high of the value area (VA).
Watch for a potential fakeout at the high, followed by a downward move toward the bottom of the range
Technical and digital analysisWe notice that we are in a correction to the upside, and there is an increase in the buying momentum, and we wait for the selling momentum to weaken in the correction, and we buy
#202434 - priceactiontds - weekly update - goldGood Evening and I hope you are well.
Quote from last week:
comment: Easy analysis. We are 4 points above last weeks close. We are in a triangle and exactly at the midpoint, again. Market is as neutral as it gets. Don’t make this more complicated than it needs to be. Either buy low and sell high inside given range or wait for a breakout.
comment: Bulls got a new ath but the highest monthly close so far was 2473 and there is no reason to expect a huge breakout above 2550 with follow through. If it happens, hopp along but odds favor the bears for another reversal like so many times in the last 4 months. No matter how you interpret the patterns on the chart, all favor a reversal and betting on a breakout after 4 months of trading range price action is a losing strategy in the long run. I am neutral and wait for bears to show strength but will join the bulls on a strong breakout above 2550.
current market cycle: trading range for many months now and it’s probably coming to an end over the next weeks/months —unchanged
key levels: 2400 - 2550
bull case: Bulls printed a new ath. They finally want their breakout above and much higher prices. All patterns are against them and the odds obviously also. I would not look for longs above 2500. If they could break above 2550 and any pullback would stay above 2530, their chances of another leg up would be decent.
Invalidation is below 2550.
bear case: Bears see the trading range since April and the nested bull wedge on lower time frames and want a reversal down to at least 2430 again. They absolutely need to close this month below 2500 or the breakout above could actually happen and market would have to find new resistance, which could be much much higher than 2550. As of now market is almost making only perfect two legged moves inside the trading range and bulls just had their second. Market favors a reversal if bears come around on Monday.
Invalidation is above 2550.
outlook last week:
short term: Neutral around 2475. Will only scalp this on momentum inside the triangle but swing will have to wait for a bigger breakout above or below. Want to see 2500 to look for shorts again.
→ Last Sunday we traded 2473 and now we are at 2537. Neutral outlook.
short term: Neutral until bears come around or strong break above 2550. If bears build good selling pressure, I want a retest of 2500 first and lower i look for 2470.
medium-long term: For now I think the most reasonable outlook I could give is a trading range 2200-2500. This could hold for some time. Bear in my still thinks this rally is moronic and we will see 2000 again this year but that’s as unreasonable of an outlook one could hold so don’t. —unchanged since May
current swing trade: None.
chart update: Removed the bear trend line.
8.18.2024 Gold Extended To ATHsGold has extended to all time highs. It has broken through out top zone, so we no longer have a top zone as resistance.
Drew a channel on the chart that it may turn at. We will need to see a change in structure (Lower Highs/Lows) in order to short it, back to out previous zone it had broken.
SELL GOLD RIGHT HERE RIGHT NOWOANDA:XAUUSD Gold is at a historical high. That means retail FOMO is starting. The hunt is on.
#Gold Closes at All High Time Why do you think #Gold is $2546? 🚀 It's all about anticipating the future and positioning early! What's driving your long-term outlook? #Investing #Gold #MarketTrends #PreciousMetals #FinancialForecasting"
GOLD possible REVERSAL Ideea As reaching the psychological level of 2500, the past few weeks that was a bigger consolidation, now it made a breakthrough, but closed back inside the box. Tho it looks very bullish, sentiment is also bullish, but i fear a new ATH between 2500-2600 and from there to retest the 2100 level , before reaching the 2800 awaited level. Even on Daily it closed inside the box.
I am waiting a sign that will give me a reason for a short, but i watch those 2 levels closely because i see it a bit overextended.
Gold Potential wave countFor this wave count to be accurate wave 3 needs to get going soon. Today was a good start. But we need to see some follow through next week. Otherwise there's something else going on.
GC entered consolidationThe Gold market is in a curious state. The once volatile GC contract has settled into a seemingly tranquil trading range between $2400 and $2500. Volume has dwindled, creating an eerie silence in what was once a bustling marketplace. But could this calm before the storm be a golden opportunity for savvy traders?
A strategy known as a "short strangle" is catching the eye of many. This involves betting on price stability by selling both call and put options. With low volatility, the potential rewards can be enticing. However, as with all investments, there's a risk: a sudden market upheaval could lead to substantial losses.
Is the Gold market about to erupt from its slumber? Or will it continue its peaceful slumber, rewarding those who dare to bet on boredom? Only time will tell. But one thing is clear: the current market conditions have created a unique landscape for traders who are both brave and knowledgeable.
8.16.2024 Holding Gold LongRight now we are holding out Gold trade runners on Long until we start to get bearish confirmation that it may be reversing.
It is at a 4hr down trend line as well as our gray zone is up above it that is based off of a 4hr swing high.
Enjoy!
XAUUSD: Spotted an important bearish moveHi traders, I have spotted a significant bearish move from the resistance area of 2,471.90 to the support level of 2,322.10. Trader Active
XAUUSD: Spotted an important bearish moveHi traders, I have spotted a significant bearish move from the resistance area of 2,471.90 to the support level of 2,322.10. Trader Active
2024-08-14 - priceactiontds - daily update - goldGood Evening and I hope you are well.
tl;dr
Gold - Insane price action tbh. Technically lower lows and lower highs but 40 points down and then 30 points up is also something special. I do think the 2519 highs can hold but it’s only reasonable to be neutral while the market oscillates that hard around 2500.
comment: Neutral after today but market is still contracting. Lower highs and higher lows means market is undecided and the triangle is big enough for another 5-10 days inside it. Bears have a reasonable argument that the 2519 high can hold and we are in the upper third of the triangle, shorts are favored.
current market cycle: trading range (triangle on the daily chart)
key levels: 2400 - 2536
bull case: Bulls prevented the climactic sell off for 40 points and retraced most of it. They need a higher high above 2510 to retest 2520. 1h 20ema is completely flat. Not more magic to it right now.
Invalidation is below 2490.
bear case: Bears are statistically favored for shorts in the upper third of the trading range. That’s about it for now. They need a 1h close below 2490 to test 2480 again and then hope for follow through down.
Invalidation is above 2522.
short term: Neutral. Bullish above 2510 and bearish below 2480 but just for scalps.
medium-long term: For now I think the most reasonable outlook I could give is a trading range 2200-2500. This could hold for some time. Bear in my still thinks this rally is dumb and we will see 2000 again this year but that’s as unreasonable of an outlook one could hold so DON’T. —adjusted 2450 to 2500
current swing trade: None
trade of the day: Selling 2510 was good for many days now and continues to be so.
Gold Ripper Rally Set For 8-16 into 8-20 Targeting $2575-$2650Have you been following my research on GOLD?
This next move will likely be a very strong Ripper-Rally where Gold will break through the dual Flag Apex and move dramatically higher over the next 5-10+ days.
I will let this video tell you all you need to know.
Remember, watch my Gold Dual-Leg Rally video too.
I wonder what the "driver" of this rally in Gold will be?
US-Dollar?
Foreign Markets?
Some political or geo-political news?
Something will send Gold upward $75-$100+ over the next 5+ days.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Can the HOUSE CAPITALIZE SHORT from WEEKLY RESISTANCE $2,500...?COMEX:GC1!
“Without education, you’re not going anywhere in this world.” -MalcomX
Yoooo Let's get to work!!! Here in this video I have developed a HIGH Probable SHORT for us to take if we can get the break N Closure underneath Weekly Resistance Level $2,500.00!
This will be a play I want to see confirmed for RISK on the 1Hr TF N Below... If and when we can get the 1HR candle stick to push into the 1Hr unmitigated Demand zone just slightly below and close underneath WEEKLY RESISTANCE $2,500.00 I'm going to play the retest N GO SHORT!!
1) I'll keep close update as PA develops and we have more data to work with.
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 Keep Steppn!!
Stay Focused & Reach Excellence!!
#BHM500K #NewERA #Champions
SPY/QQQ Plan Your Trade For 8-14 : 540 Support Set For RallyPlease watch the other morning video I created before the markets opened.
I suggested the SPY would move downward and try to find support between 539-540.
It looks like the SPY has established a low just above 540 in early trading and I believe this low may have set the BASE PRICE for the day.
Obviously, price could continue to push down into the 539 area, but, it promising on my charts that price is contracting, pulling downward a bit, in the midst of a SPY Cycle Pattern RALLY day.
Now, we need to see how the RALLY is going to setup and if we are going to attempt to move above 545-546 today.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
fundamental and technical support for $GLD and $BTCHave been advising my boss to long gold and bitcoin since the price was $2000 and $38000. My next buy would be when price retrace back to around MA30 for Gold and MA100 for BTC weekly basis to get better R/R.
Fundamentally:
long term weakening of US government credibility.
1. hard asset monetary inflation due to fiscal burden that yellen have to keep the collateral asset in the market stable with abundant liquidity in order to refinance the debt.
2. forecast to cut fed fund rate will weakens USD and real rates (previously real rates distorted by proportions of different length of bond issuance)
3. Bitcoin is the digital gold with higher volitility
Technically:
still within long-term trend.
