GOLD futures SELL 5 or 15 min closure below 1867.5 will create a nice sell volume to push it down further to a new low of the day. we are waiting on the FED so I would just get in and get out. Good luck and Goy shaa Shortby gnymjvPublished 2
Gold has reached a tradeable bottomGold has reached a low of nearly $1900 today. This is an important low as two different Elliott Wave patterns we are following suggest a strong rally is about to develop. 1. B-wave triangle of a larger zigzag First, today's low may be wave (b) of a triangle pattern (black labels). Therefore, wave (c) will be a rally that carries up to about $1975. After some more sideways slop, this bearish triangle would end and another strong sell off would begin taking gold below $1900 (later in July). 2. Bearish Zigzag Ended Today's low may be the end of a bearish zigzag that started at the May high. A zigzag pattern takes the form of ((a))-((b))-((c)). Wave ((c)) would be an ending diagonal (red labels). Under this pattern, a swift rally would carry up to $2,000 and possibly higher. The RSI divergence at today's low suggests bearish momentum has slowed and a rally is about to begin.Longby JWagnerFXTraderUpdated 1111
Gold Reached a Temporary High - Sub $1900 on the HorizonBack on June 29, we highlighted how Gold was poised to rally to $1975 and possibly $2000. Earlier this week, Gold reached $2010 and is now poised to dump below $1900. It appears this week's high was wave ((x)) of a double zigzag. That means wave ((y)) will unfold to the downside reaching $1850-$1880 and possibly $1750-$1780. Though we are halfway through this quarter, I suspect this will be a multi-month decline that could bottom out in Q4 2023. The price levels are more important to determine the bottom than the timing window.Shortby JWagnerFXTraderPublished 3
Trade idea Gold Future GC DEC23 on 55minthis is the result of my analysis about the 55 min chart possible price action develepement. Just an idea, nothing seriouse. Worth to monitor ;) Pls leave a like when it worked out Das ist das Ergebnis meiner Analyse über den 55 min Chart mögliche Preisentwicklung. Nur eine idee, nichts gravierendes. Wert, im Auge zu behalten ;) Bitte liken wenn es gefälltShortby kiaZarPublished 6
Trade idea Gold Future GC DEC23 on 1D this is the result of my analysis about the 1D chart possible price action develepement. Just an idea, nothing seriouse. Worth to monitor ;) Pls leave a like when it worked out Das ist das Ergebnis meiner Analyse über den 1D Chart mögliche Preisentwicklung. Nur eine idee, nichts gravierendes. Wert, im Auge zu behalten ;) Bitte liken wenn es gefälltShortby kiaZarPublished 3
#GC #GOLD #XAGUSD Target Equality ObjectiveIn this update we review the recent price action in the Gold futures contract and identify the next high probability trading opportunity and price objectives to target •Past performance not indicative of future results 01:07by TickmillPublished 7
Gold futures Sell5 or 15 min closure below 1984.6 will create an opportunity to test the lows and possibly fill the gap in the coming days. Good luck and Goy Shaa Shortby gnymjvPublished 0
Gold - $2,000 Is a Death TrapThis is a follow up to my June 2 call for a new ATH on Gold, that will be bearish, instead of bullish: Gold - When A New ATH Prints, Will You Get Trapped? In the process of tracking this, price action did not meet expectations (in the sense that it has not traded low enough), and so I began to reconsider the overall topography of the market. Also, right now, I have an open call on silver for $33: Silver - 33 Moons However, as price has not traded down the levels I regard as requisite to trigger a bull impulse, while I still believe that these high prices will manifest in the future, the market makers desire lower prices first. One thing to note about gold is both the monthly and weekly bars are actually bearish despite price having formed a long-term triple top: But in the shorter term (1H-4H-1D) candles, gold is clearly heading towards higher prices after bouncing exactly over $1,900. As I've said before, one of the problems with a metals bull market right now is that Xi Jinping and the Chinese government (the Chinese Communist Party) have amassed a large amount of gold in recent months. China's economy is doing extremely poorly following the decimation of the Party by Wuhan Pneumonia and the CCP faces threats on all sides, especially from the International Rules Based Order who now chatters about "de-risking" from China. Since the United States tends to be the market maker of everything, this is trouble for China's central bank. Large stocks of gold and a heavily declining price will put the regime in a great deal of trouble, depleting the money it has available for buying people off. And this is a huge geopolitical threat, for Xi Jinping has one Trump card to play: throw away the CCP in the middle of Beijing time, which is the U.S. night, and weaponize the 24-year-long persecution and genocide against Falun Dafa (Falun Gong) meditation, which was launched by Jiang Zemin and its band of toad cronies in Shanghai. Another thing to note is since the pandemic crash, BUT BEFORE 2022, gold has had something of an inverse covariance with the SPX and the SPX has an inverse covariance with the USD. But after 2022, gold has traded mostly in lockstep with the SPX, although in recent days and weeks that has begun to decouple. Looking at the daily covariance, gold and the USD have an inverse covariance with the overextended equities market: And I anticipate a USD rally, as I state here: DXY - The US Petrdollar And The "Prigozhin Coup" In Russia Since I believe what the market makers have in store for us is a significant downtrend in the equities market until September: SPX/ES - An Analysis Of The 'JPM Collar' Gold setting a new high right now doesn't make sense. And so what I believe will happen is the target for the algorithm right now is $2,030, and it amounts to a short squeeze/bull trap. This will both take out the June high and draw in buyside demand over the $2,000 level, since retail goldbugs are always pining for a new all time high. But the rally will fail, again, and the markets at large will fail again (except for Natural Gas). Natural Gas - The Girl Who Hopes You Remember Her And as the rally fails we'll see lower prices. Probably ending in the $1,800 range. This amounts to a 10%~ drop and is pretty painful if you're sitting leveraged long and even worse if you're leveraged on call options. If $1,800 is violated, then the top is probably already in, in my opinion. So, be careful and make sure you practice social distancing from atheism, Marxist-Leninism, the Theory of Evolution, QAnon, and the CCP itself. Long gold is about returning to tradition, and mankind's Heaven sent traditions are even more luminous than an entire vault of 100.00% pure AU.Shortby LordWrymouthUpdated 1115
Gold future 55 min poss. price action projection into the futurethis is the result of my analysis about the 55 min chart possible price action develepement. Just an idea, nothing seriouse. Worth to monitor ;) Pls leave a like when it worked out Das ist das Ergebnis meiner Analyse über den 55 min Chart mögliche Preisentwicklung. Nur eine idee, nichts gravierendes. Wert, im Auge zu behalten ;) Bitte liken wenn es gefälltShortby kiaZarPublished 8
Gold future 1D poss. price action projection into the futurethis is the result of my analysis about the 1D chart possible price action develepement. Just an idea, nothing seriouse. Worth to monitor ;) Pls leave a like when it worked out Das ist das Ergebnis meiner Analyse über den 1D Chart mögliche Preisentwicklung. Nur eine idee, nichts gravierendes. Wert, im Auge zu behalten ;) Bitte liken wenn es gefälltShortby kiaZarPublished 5
likely scenario on goldmonthly and weekly is in play trendline continuation setup from H4 left shoulder .... thats allShortby sleepBTCPublished 221
Gold at a Crossroad as Fed Tightening Near EndCOMEX: Micro Gold Futures ( COMEX_MINI:MGC1! ), Micro Silver Futures ( COMEX_MINI:SIL1! ) Is gold an inflation hedge, a risk protection, a precious metal commodity, or a speculative investment? I think it is all of the above. Sometimes it could be one of them, but quite often gold puts on multiple hats, as its price could be driven by competing forces. Gold as an Inflation Hedge Gold has historically been an excellent hedge against inflation because its price tends to rise when the cost-of-living increases. This is supported by actual data. The US CPI Index has a base value of 100 set at years 1982-1984. Its latest reading in June 2023 is 305.1. Over the last 40 years, the average price of goods and services has tripled in the US. In other words, the purchasing power of US dollar has lost 2/3 of its value. The year-end price of spot gold in 1982-1984 stood at $447, $380, and $308, respectively. Let’s use $378, the average of the three, as a base value for comparison. On July 28th, the bullion rose to $1,956 per ounce. This is a gain of 417% in the past four decades. Over the long run, investing in gold does help preserve your wealth. Gold reached its all-time high of $2,075 in August 2020. Since then, CPI index gained 17.4% (from 259.9 to 305.1). But gold price retreated 5.7% from its record. It appears that hedging with gold does not work now. Maybe gold is wearing other hats? Gold as a Precious Metal As a commodity, gold is negatively correlated to the US dollar. Since gold is priced in dollar, a strong dollar raises the cost for foreign investors who must pay more with weakened foreign currency. This reduces the demand for gold. “Strong Dollar, Weak Commodities” is the general theme in global commodities market, gold included. A closely related theme is “Higher Rates, Lower Prices”. Higher interest rates and Treasury bond yields raise the opportunity cost of holding non-yielding gold. Unlike other commodities, gold is not consumed or used up every year. Therefore, gold mining output is not a major factor in the pricing of gold. The 1-year chart below illustrates the inverse relationship between gold and the dollar index. However, correlation does not imply causation. As a matter of fact, both gold prices and the dollar index are strongly impacted by the Fed rate hikes, as shown in the chart. Gold as a Safe Haven Investment Gold retains its value in times of both financial chaos and geopolitical crises. People flee to its relative safety when world tensions rise. During such times, gold often outperforms other investments. In the past two decades, gold price peaked during: • The 2008 financial crisis • The 2010 European debt crisis • The 2018-19 US-China trade conflict • The outbreak of COVID pandemic • The Russia-Ukraine conflict • The March 2023 bank run Gold as an Investment Class Gold investment includes physical gold, gold ETF funds, gold futures, gold options, and gold-mining company stocks. As an investment class, gold competes for investor money along with stocks, bonds, cryptos and money-market funds. Gold gained 8.3% year-to-date, significantly underperforming the S&P (+19.8%), the Nasdaq (+44.8%) and Bitcoin (+77.8%). Investors chased higher returns and moved money out of gold. Asset rotation certainly put price pressure on gold. Outlook for Gold Price Drivers Gold wears many hats and it’s the market narrative and sentiment help define its price move. Instead of putting out a bullish or bearish view on gold, I prefer to comment on the key factors affecting gold prices. Here is my take: 1. Fed interest rate decisions • Impact: Positive • The Fed is likely near the end of its year-long rate hikes. CME FedWatch currently puts 80% odds on the Fed keeping rates unchanged in September; • While interest rates remain high, the change of rate trajectory is positive for gold. 2. US inflation rates • Impact: Mixed • CPI comes down from 9.1% to 3.0% in a year. This is a main factor supporting the Fed to pause or stop rate hikes; • Meanwhile, lower inflation risk reduces the demand for inflation hedge investment. 3. US unemployment • Impact: Positive • Nonfarm payrolls remain strong. Unemployment rate stays below 4%; • The Fed may consider one more rate hike to cool the economy. 4. US GDP • Impact: Negative • The Bureau of Economic Analysis reports that US GDP grew at a 2.4% annual rate in the second quarter, speeding up from 2.0% in the first quarter; • The probability of a US recession is much lower than previously expected. This give the Fed more room to combat inflation without breaking the economy. 5. US stock market • Impact: Negative • Strong stock market reduces the attractiveness in investing in gold. 6. Russia-Ukraine Conflict • Impact: Prolonged conflict (neutral); Escalated tension (positive); Peace (negative) • Geopolitical crisis is the biggest driver for gold price. What’s the “Right” Price for Gold Is the current gold price too rich? very cheap? or just about right? There is probably no right answer to this question. To measure gold’s relative value, I rely on gold/silver ratio. Gold is mainly an investment instrument, while silver has a dual use of both investment and industrial material. Plugging in $1,998/ounce for gold and $24.475/ounce for silver, we get the ratio of 81.63. In a 5-year timeline, we observe that the ratio has been as high as 120 and as low as 63. Current ratio places gold at the lower part of the relative value range. (See title chart) For someone who is bullish on the gold/silver ratio, in other words, expecting the ratio to increase, he could set up a spread trade with long gold futures and short silver futures. COMEX Micro Gold Futures (MGC) contract has a notional value of 10 ounces of gold. At $1,998, each is worth $19,980. One contract requires initial margin of $830. Micro Silver Futures (SIL) contract is notional on 1,000 ounces of silver. At $24.475, each is worth $24,475. One contract requires initial margin of $1,700. Regardless which direction gold price goes, the spread trade will make money if the gold/silver ratio expands and lose money if the ratio narrows. Trading in futures comes with a leverage that would supercharge the gain if you were on the right direction. Happy Trading. Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Longby JimHuangChicagoPublished 12
gold future analysisI suggest buying gold because we have a strong selling pressure on the us dollar .Longby ayyoubboufoulPublished 0
Long cycle on Gold confirmedGood place for buy gold right here right now. Commercials were in strong buy, while previouse down movement in gold, based on the SFTC COT reports. The technical picture is ready and trend has changed to the long side.Longby SmolletPublished 4
Short cycle on Gold has comeCommercials were in strong sales, while upward movement in gold, based on the SFTC COT reports. The technical picture is ready to break the uptrend and change the long-term trend to a downtrend right here and now. Gold will start falling soonShortby SmolletUpdated 113
LIVE TRADE IN GOLD We found a trade setup in gold .. and tried the setup in paper trade.. the indicator setup is working good.. let us wait and c.. kindly mute while watching the video..to avoid distraction.. thanks for watching.. Long04:03by shiit_tv_teameUpdated 0
GC1! Will Go Higher! Long! Please, check our technical outlook for GC1!. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1977.1. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1988.0 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderPublished 4426
GC1! What Next? BUY! My dear friends , My technical analysis for GC1! is below: The price is coiling around a solid key level - 1974.6 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1988.5 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCKLongby AnabelSignalsPublished 131336
gold moon testlease provide a meaningful and detailed description of your analysis and prediction. Walk us through your thought process. Put yourself in the reader’s shoes and see if you would understand the context based on what you wrote. Clearly stated profit targets and stop loss areas help clarify any trade idea.Longby sleepBTCPublished 0
learn to trade..hello all this is a trade using own indicator.. in gold.. kindly go thru each and every step.. this is a historical setup.. thanks for watching.. give a like if u like it.. Long08:24by shiit_tv_teamePublished 0
Gold Trade Idea (XAUUSD - GC)This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis - Footprint - Market Profile - Volume Profile - WYCKOFF - ETCShortby SmartMoneySourceUpdated 5
Bearish GoldGOLD If break and close below 59200 level, expected down side till....... Watch it Boom💣💣 If you have any other levels, Please share your thoughts. Shortby SJ2409Updated 2215
GOLD FUTURES (SHORT)Gold futures looking bearish for a short-term drop and we can take a short for a scalp or intraday. by Khairil_AnuarPublished 113