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QO1! trade ideas

This is Wyckoff Volume Spread Analysis - Short GC Gold FuturesIn this short educational video, Author of "Trading in the Shadow of the Smart Money", Gavin Holmes, explains the VSA short set up "Potential Professional Selling" shown as a red indicator with PS above it. This results in a down move in GC Gold Futures, which will be confirmed if we see an indicator called "No Demand". To view Gavin's personal TradingView channel which has detailed analysis from last week, please follow him at gavinh10277
COMEX:GC1!Short
by TradeGuider_VSA
2
#202436 - priceactiontds - weekly update - gold futuresGood Evening and I hope you are well. tl;dr gold: Bulls confirmed the breakout with a strong monthly close above 2500. There are multiple nested wedges currently and I would not buy into the highs but rather wait for a pullback or a breakout above 2570. Last thing you should do right now is to look for shorts until bears come around big time. Last time bears even touched the weekly ema was end of February. Quote from last week: comment: Did we learn anything from a sideways week? We have a bullish pattern and a technical textbook pullback a bit above the ema. Bulls bought it and that is bullish. But only a break above 2570 is confirmation. Resistance is always that until it breaks, no matter how strong you think the trend is/looks/feels and this trend inside a 5 month trading range is not strong so far. Bulls are trying the breakout and the monthly close will be the most important for them. If they manage their first close above 2500, it would be a confirmation and buy signal going into September. What could be a potential target above? Since the trading range was mostly between 2300 - 2500ish, we can do a measured move up and that would bring us to the ballpark around 2700. comment: Weekly inside bar. I am not lazy but I do not see any value in making up more words to fill the page so you can stay busy longer reading this. Market is neutral around 2530. Bulls need a daily close above 2570 and bears one below 2500. That’s it. Structure is still bullish. We have a big bull wedge on the weekly/monthly chart, nested bull wedges on lower time frames and sort of a bull channel upwards. I very slightly favor the bears to test 2500 again but only because bears closed last week at the lows. Daily ema held for 3 weeks now and there is no reason why it should break now and we are only 10 points above it. current market cycle: Trading range for many months now and it’s probably coming to an end over the next weeks/months. Bulls are currently still trading above the previous highs, which is sort of confirmation of the breakout but I am not 100% convinced. Need a daily close above 2570 for that. key levels: 2400 - 2570 bull case: Bears not doing enough so bulls are happy to continue. They want 2600 next and have all arguments on their side as long as they stay above the daily ema at 2517. Invalidation is below 2500. bear case: Nothing changed for the bears. Either stop the bulls below 2570 or give up for 2600 and potentially 2700 over the next weeks. Bears need a 1h close below 2500 badly. That’s it. Exactly the same sentences as last week. Invalidation is above 2570. outlook last week: short term: Exactly the same as last week. Bears had a pullback and bulls bought it. Inherently bullish but only if bulls can break above 2570. → Last Sunday we traded 2546 and now we are at 2527. High of the week was 2564. 19 point miss over a week is as good as it gets. short term: Neutral. Clear invalidation levels for both sides. Set up alarms and be patient. medium-long term: Above 2570 I will update this. Until then we are in a trading range 2400-2570. current swing trade: None. chart update: Removed unnecessary lines and made the bullish structure more clear.
COMEX_MINI:MGC1!
by priceactiontds
Downside Ahead for Gold - COT Strategy SellDISCLAIMER: 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 Extreme Positioning: Most short Commercials have been since January 2021. Large specs longest they have been since March 2020. OI Analysis: Price upward consolidation since April has seen Commercials heavily selling = bearish. Large Specs at longest positioning since March 2020 = bearish. Valuation: Overvalued VS Treasuries True Seasonal: Strong seasonal tendency for gold to go down in September Spread: Bearish spread divergence COT Small Spec Index: Sell Signal Supplementary Indicators: Acc/Dist, %R & Stochastic Sell Signals. 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.
COMEX:GCZ2024Short
by Tradius_Trades
2
GC GOLD Buy BOXBeen a while since posting my thoughts here, I have been working on something that is GOLD. Supply and Demand can often be overlooked. Trading can often be over complicated. Back up and study the basics. Supply and demand characteristics of the market are the most rudimentary but often the best way to creaete a system that brings forth consistent gains. How many traders are actually profitable. Find a system that works for you it could start with a simple supply and demand type strategy. Here we have price reacted perfectly off of the supply zone, (Yes I took that short position from the top and have the screen shot to prove it just ask if you want to see it). Now will we enter a demand zone and reverse. My plan is to simply wait, I took my profits and now I just wait until my alerts are hit and my criteria is met to go the other direction. What will you do? Leave it in the comments I am happy to be back posting and look forward to more!
COMEX:GC1!Long
by Verum0
High Probable SHORT from 4Hr (78.5% Fib. Level) for the HOUSE..?COMEX:GC1! "When you want to succeed as bad as you want to breathe, then you'll be successful. It's not about craving success like you crave food or water, it's about needing it like air. That urgency, that necessity—that's when you break through." -Eric Thomas We coming out on TOP nothing less than that! Here I have developed a High Probable SHORT for the HOUSE to CAPITALIZE here on GOLD and below I'm going to break down what I want to see develop before we enter the market. Let's get to it!! 1) On the Daily TF I am starting to notice just ever so slightly exhaustion from BUYERS to the upside.... 2) 4Hr TF we have a rising eR/LQ Trendline that buyers have been respecting very heavily. Also we have a smaller Descending eR/LQ Trendline that sellers have been respecting as well. We are currently trading inside of the last 4Hr Last High ($2570.5) and 4Hr Last Low ($2506.5). I drew out the Fib. from these price levels and price is currently trading around mitigated pricing of 70.5% ($2,551.5) 3) Now what I'll be looking for to enter the market SHORT is bulls continue to push price higher into the HTF 4Hr Supply Zone Candle stick... The Killzone level is 78.5% ($2,556.5) which is also near the 50% EQ level of the overall 4Hr Supply Zone and also near the descending eR/LQ Trendline that sellers have created to the Downside.... 4) If and when Bulls can continue to push higher into premium pricing 78.5% Fib. Level I then will drop down to the LTF 5-15m and wait for a confirmed 15m Bear CHoCh. Once we can get this confirmation I will then look to enter SHORT and target the 4Hr Swing EQ Level ($2538.5)... 5) 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
COMEX:GC1!Short
by TreyHighPwr
Gold shows signs of exhaustion at its record highGold may have reached a record high on Tuesday, but it then handed back more than half of the day's gains to leave a long upper wick. The ATH met resistance at the weekly R2 pivot and the daily RSI (2) has formed a bearish divergence in the overbought zone. A momentum shift can be seen at the ATH on the 1-hour chart. A bearish divergence has also formed on this timeframe. The bias is to fade into retracements within yesterday's range to target the 2540/45 range, near the 50-bar EMA and HVN (high-volume node).
COMEX:GC1!Short
by CityIndex
2024-08-28 - priceactiontds - daily update - goldGood Evening and I hope you are well. tl;dr Gold - The triangle broke above but bears sold it hard for a retest of the minor bull trend line at 2530. We are now in a nested wedge and the bigger but broader bull channel. Market is mostly moving sideways though. Expecting for the wedge to break tomorrow and it could go either way. gold comment: Globex session sold off for 24 points before EU opened. Market went mostly sideways afterwards but stayed below the 1h ema. I consider the triangle broken since we made a higher high again but it does not matter. Now its an ascending triangle and you trade them the same. Advice? Wait for the breakout and do not lose money in trading ranges unless you are super profitable trading them. current market cycle: trading range key levels: 2500 - 2570 bull case: Bulls bought the bull trend line and kept it above 2530, which is still max bullishness. No more reading into this trading range at the highs. BTFD is going strong, don’t look for shorts. Invalidation is below 2500. bear case: Bears trying but failing. Best they can hope for is the market to continue to go sideways until it’s more neutral. Invalidation is above 2570. short term: Neutral between 2530-2570, bullish above and bearish below. 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. —unchanged for many months. Will do on update next weekend. current swing trade : None trade of the day: Buying the double bottom bar 9 + 13 but only for a scalp. If you weren’t short during Globex, best not to trade afterwards.
COMEX_MINI:MGC1!
by priceactiontds
How to ride trend and exit positions using Shlionz MAsBuy Signal: Trend Start: Buy when EMA 50 crosses above EMA 200. Pullback Entry: Buy when the price pulls back to MidBB or EMA 50 in an uptrend, with WMA 10 crossing above MidBB. Confirmation: EMA 5 crossing above EMA 10 (WMA 10) can serve as additional confirmation for entry. Sell Signal: Trend Reversal: Sell when EMA 50 crosses below EMA 200. Pullback Exit: Sell if WMA 10 crosses below MidBB or EMA 50 after a pullback. Confirmation: EMA 5 crossing below EMA 10 (WMA 10) can signal a potential exit or further downside. Risk Management: Stop-Loss: Below MidBB or EMA 50. Take-Profit: At key resistance levels or based on a risk-to-reward ratio. Implementation Summary. Buy Entry: EMA 50 crosses above EMA 200. Price pulls back to MidBB or EMA 50. WMA 10 crosses above MidBB. EMA 5 crosses above WMA 10 for confirmation. Sell Exit: EMA 50 crosses below EMA 200. Price closes below WMA 10 and MidBB. EMA 5 crosses below WMA 10 for confirmation. Incorporating EMA 5 adds a faster-moving element to your strategy, helping you to react more quickly to short-term changes and providing additional confirmation signals.
COMEX:GC1!Education
by shlionz
This is distribution starting in Gold - No Demand explainedIn video four of our TradingView educational video series we study the pullback in Gold as discussed in video three, and this started on Monday 26th August 2024. In this video we show a very key principle in the Wyckoff Volume Spread Analysis and SMART Money Indicator technology called "No Demand" with SMI confirmation. Any questions get Gavin's book on Amazon, "Trading in the Shadow of the Smart Money" or email LAURA@TRADEGUIDER.COM for a free PDF of the same book.
COMEX:GC1!Short
by gavinh10277
#202435 - priceactiontds - weekly updateGood Evening and I hope you are well. tl;dr gold: Bulls bought the first pullback and I expect bears to try again. Market went sideways which shows strength by the bulls to keep it above 2500. Next week will be important because so far the highest monthly close was 2472 and a monthly close above 2500 would confirm the breakout again. Bears need consecutive bear bars below 2500 and bulls a daily close above 2550. Neutral going into next week. Quote from last week: 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. comment : Did we learn anything from a sideways week? We have a bullish pattern and a technical textbook pullback a bit above the ema. Bulls bought it and that is bullish. But only a break above 2570 is confirmation. Resistance is always that until it breaks, no matter how strong you think the trend is/looks/feels and this trend inside a 5 month trading range is not strong so far. Bulls are trying the breakout and the monthly close will be the most important for them. If they manage their first close above 2500, it would be a confirmation and buy signal going into September. What could be a potential target above? Since the trading range was mostly between 2300 - 2500ish, we can do a measured move up and that would bring us to the ballpark around 2700. 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 raised their odds of this breakout being real last week. Next week is their do or die moment for this. It’s either break above 2550 and get a daily close above or fail again and trade back down to the lower bull wedge or even 2300. I do think 2540-2570 is a dead zone for trading long. If we get near 2520-2530 I consider buying but not above. Odds currently favor the bulls slightly. Invalidation is below 2500. bear case: Nothing changed for the bears. Either stop the bulls below 2570 or give up for 2600 and potentially 2700 over the next weeks. Bears need a 1h close below 2500 badly. That’s it. If you are short Gold right now, don’t come to me hoping for bear porn. I’m long past that phase in Gold. Do I still think this is overvalued and can crash below 2000 again? Bet. Will this save your underwater shorts? Hell naw. Get out now or latest at 2571. Invalidation is above 2571. outlook last week: 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. → Last Sunday we traded 2537 and now we are at 2546. Bulls got above 2550 but big rejections only. Neutral outlook was perfect since we closed 9 points above last week. short term: Exactly the same as last week. Bears had a pullback and bulls bought it. Inherently bullish but only if bulls can break above 2570. Neutral until bears come around or strong break above 2570. 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: Added bull wedge trend line and measured move target #1.
COMEX_MINI:MGC1!
by priceactiontds