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MGC1! trade ideas

- Aiming for Long Positions in Gold as Bullish Momentum Persists- Key Insights: Gold's recent all-time high showcases strong bullish sentiment. The market is buoyed by geopolitical uncertainties that drive investors toward gold as a safe-haven asset. Monitoring for potential corrections remains critical. Consider entering long positions as the overall trend continues positively. - Price Targets: Next week targets are T1 at $2,900 and T2 at $3,000. Stop levels are S1 at $2,760 and S2 at $2,740. - Recent Performance: Gold has maintained a strong trajectory amidst favorable commodity movements and high trading volumes. The precious metal's status as a preferred asset has led to its outperformance compared to many traditional equities, reflecting its desirability during volatile periods. - Expert Analysis: Analysts maintain a bullish outlook, while cautioning about potential corrections due to rising short positions. Continued capital rotation into gold suggests that institutional flows will likely push prices further. Traders should pay attention to market signals reflecting shifts in sentiment. - News Impact: Growing geopolitical tensions and tariff concerns heighten gold's strategic importance as a safe-haven investment. Recent initiatives in Saudi Arabia to engage with gold supply chains indicate heightened market demand. Ongoing developments in the GLD ETF reveal strong investor interest, further supporting bullish sentiment around gold.
COMEX:GC1!Long
by CrowdWisdomTrading
Gold Prices Surge: What’s Next After the Latest Breakout ? The price is in a strong uptrend, with consistent higher highs and higher lows. The recent breakout above 2,800 confirms bullish momentum. Support: Around 2,720 (previous swing high) and 2,600 (lower Bollinger Band). Resistance: Current high at 2,853.2—watch for potential pullbacks. The price is near the upper Bollinger Band, suggesting a strong bullish move but also a possibility of short-term consolidation or pullback. Increased volume accompanies the breakout, confirming strong buying pressure. High volume spikes during upward moves indicate institutional participation. Bullish Case: If momentum continues, price could test 2,900 and potentially 3,000. Bearish Case: A short-term pullback to 2,750–2,720 before another move higher.
COMEX_MINI:MGC1!Long
by Sahrin
GOLD (GC1!) ELLIOTT WAVE ANALYSIS - FLAT PATTERN BEARISH©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M (Master Designation). Conclusion: The previously mentioned ALT wave count scenario is triggered, gold continues to fall lower with a ((c))-navy wave. Probability assessment: Main wave count scenario. Forecast direction: Pushing much lower. Long-term bullish potential: Not really, the ((c))-navy wave can move to lower targets; therefore the medium-term outlook is bearish. Details: We are moving down with a ((c))-navy wave in a flat pattern of 4-grey wave. The decline will move to a target of 2,671.0 and then 2,596.7. While the price must remain below 2,794.8 to maintain this view. Invalidation Point: 2,794.8.
COMEX:GC1!Short
by ShaneHua
GOLD, is it possible time to sell? Hello everyone! There is a high likelihood that gold may decline from its current level. The 2800 mark is a historical high and a critical level. Will the bulls be able to break through it immediately? From a long-term wave perspective, the price of gold may currently be in corrective wave 4, which is likely not yet complete, as the time targets have not been reached. The RSI on the daily chart is near the overbought zone and is trending downward, while volumes have been declining for four consecutive sessions. Additionally, according to the CFTC report, speculative long positions have reached the peak levels of October 2024, when gold prices dropped, leading to profit-taking. Taking all this into account, I believe the bulls currently lack sufficient strength to continue the trend, and some cooling is needed. From a wave analysis standpoint, a triangle formation is possible, followed by gold entering wave ((C)) with a target in the range of 2660-2640. It is important to exercise caution. For a more confident entry into a position, it would be preferable to see a false breakout of the level, which has not occurred yet. This should be kept in mind.
COMEX:GC1!Short
by AUREA_RATIO
1
How to Enter a BUY In GOLD This Week! Step By Step!This is how I do it every trading day, and I want to share it with my viewers! Make sure your time frame alignment is one of the following: Weekly - 4H - 15m - 1m Daily - 1H - 5m - 1m Then make sure your bias is aligned on each one of those TFs. Then enter your trade on the 15m or 5 minute. You're all set! Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:GC1!
by RT_Money
3
The New Competition is apon us📈 Upcoming CME Trading Competition: What Traders Should Know 📈 The CME Group is gearing up for its annual trading competition, and it's an excellent opportunity for traders to showcase their skills in a simulated, risk-free environment. Here are some key points to keep in mind: Key Factors to Watch Out For Real-Time Data Feeds: Ensure you have access to accurate and timely market data. Diverse Asset Offerings: Familiarize yourself with the various asset classes available, such as agriculture, energy, metals, equity indices, interest rates, and foreign exchange. Competition Environment: Understand the rules and regulations to avoid disqualification. Psychological Pressure: Stay calm and composed, as the competitive environment can be intense. The Importance of Backtesting Backtesting is crucial for developing a robust trading strategy. By using historical data, you can simulate trades and analyze the effectiveness of your strategy5. This helps in identifying potential flaws and refining your approach before risking real capital. Inspirational Quote To wrap things up, here's a quote by the legendary trader Jesse Livermore: "The game of trading is the greatest game in the world. If you are wise enough to learn it, you can do anything you want to do." Best of luck to all participants! May your strategies be sound and your trades profitable. 🚀
COMEX:GC1!
by Uniden202