Get started
Gold (Mini) FuturesGold (Mini) FuturesGold (Mini) Futures

Gold (Mini) Futures

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Forward curve Seasonals Contracts

QO1! trade ideas

Is it worth investing in gold in 2023-2024?Is it worth investing in gold in 2023-2024? Gold rallied for the second week in a row to settle at around $1940 an ounce. The growth was fueled by expectations that the Federal Reserve would stop raising rates after signs that the US economy may be slowing. Released data showed moderate increases in PCE prices and a downward revision to Q2 GDP growth. US private companies also reduced hiring in August. Investors are now eagerly awaiting the upcoming US jobs report for more updates on the job market and the broader economic outlook. The speculation that the Fed may suspend its aggressive stimulus policies has sparked strong investor interest in diversified and safe assets. Gold is a complex asset that is subject to a variety of market factors. Gold prices can be influenced by many factors such as geopolitics, Chinese or Indian demand for the sector, and global economic conditions. A FOMC meeting will be held on September 20 to discuss possible interest rate hikes. Inflation data released on 10 August 2022 shows an inflation rate of 3.2%, slightly below expectations set at 3.3%, but higher than the previous reading. This represents an important topic of discussion before the FOMC makes its final decision. Most 2023 economic analysts believe that the Federal Reserve will not cut interest rates later this year, and that inflation will remain higher than in the first half of the year. “Graphic Inverse Correlation US Bond Yield 10 /GOLD” US gold bond CORRELATION I am not going to invest in gold right now. Given the current economic conditions, with rising rates and government bonds offering good yields, I doubt investors will decide to devote resources to the gold sector. Gold is also viewed as a safe haven asset, to be bought in times of financial stress when central banks are willing to print money to keep economies on the road to recovery. However, we are not currently in this situation and as we will discuss in the next articles I expect a sprint of the markets in the fourth quarter of the year. If you want to invest in gold, a more convenient strategy may be to buy shares of mining in the sector as an alternative to futures or an ETF. I always advise you to carefully evaluate this option before deciding. When studying stock prices, one of the most interesting is Newmont Goldcorp Corporation (NYSE:NEM), one of the world's leading gold producers with an excellent 4% dividend. If you buy at the right time, you can achieve a good return. My model suggests that gold will remain fairly stable over the next few quarters, around 1940 levels. A sideways phase like this is not very favorable for medium-term investments. The information and content provided on this site should not be considered as an invitation to invest in the financial markets. The Content is a personal opinion of Mr. Antonio Ferlito.
COMEX:GC1!
by Antonio_Ferlito
GOLD (GC1 Futures) - Pullback before further move downOn the weekly timeframe, GOLD (based on the futures chart) has formed a head and shoulders pattern. Taking the Fib points from the most recent weekly high to the most recent weekly low gives us a very clear shorting location. Keep in mind, the daily POC - standing for point of control - is bang on the 0.382 point of this recent move, however, keep in mind that there is potential for a wick to the 0.5 area as well. Fundamentally, countries - outside the US - seem as if they are going to be entering recessions in the coming months. Add in the uncertainty around China, there is some leeway for a short term reversal for gold. Some ideas I have : Go long now, either directly OR via buying call options. After this, look for an initial short entry at the 0.382 area, however, opt for buying put options at this zone. The target for this move is the yellow box designated on the chart. Remember, buying a call OR put option subjects you to paying the premium, however, there is NO RISK if the position goes against you. This is NOT the case however if you SELL either a call or a put option. Please remember, this is not financial advice. This is purely my opinion and my opinion only.
COMEX:GC1!Short
by Aaron_K_Trading
1
Gold: New Month, New MarketGold futures have risen since mid-August, with $1900 on the downside and $1975 on the upside. The technical perspective shows momentum studies rising to overbought territories, indicating this may be the beginning of the next bull market. DMI + crossed back above DMI - and the 8-day moving average looks set to recapture the 34-day moving average. Weaker Economic data Weaker economic data such as Consumer Confidence, GDP, Jolts, and ADP have all recently supported the case that the Federal Reserve may be done raising rates. While Fed Chairman Jerome Powell remains hawkish, other Fed Members may begin pressuring the Chairman to take a softer market approach. China Attempts to Support its Economy Chinese Stimulus may also act as a tailwind for Gold after the PBOC continues attempting to support its economy by cutting reserve requirements on Foreign deposits. This allows citizens to remove excess reserves and purchase safe-haven assets such as Gold and other precious metals. www.tradingview.com 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 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. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
COMEX:GC1!Long
by Phil_Blue_Line
Gold8.31.23 Gold looks like it's going to trade a little bit lower so I framed it as a possible short trade. I'm looking for it to move to a support area... if I actually place this trade I would have a bracket order Using that Target. Why would I do that? When markets move down to a support the other side of me is looking for a long trade and for the market to make a new high. If I were watching the chart I might extend my stop and then watch for the market if it gets to that support area to see if the support is going to break down in my estimation and then I would try to hold the short position A little bit longer for a bigger reward. in other words I would need to take a look as it moves slower before I would commit to a larger Target..... and I'm not that optimistic that the Market's going to move a lot lower. This is definitely a scalping Mentality.
COMEX:GC1!
by ScottBogatin
Gold's #1 FoeThe precious metal faces one of its most prominent headwinds, rising real yields. As a non-yielding asset, Gold must compete with the risk-free return that U.S. Treasuries provide. Furthermore, the difference between Treasury rates and the inflation rate provides what is known as the Real Yield. According to the St. Louis Fed Economic Research, Real Yields turned positive in October 2021 and peaked in March 2023, Gold struggled this February as Real Yields surged into that peak. After slipping into June, Real Yields have risen sharply, bringing renewed pressure on the precious metal. It is no coincidence the U.S. government reached a deal in June to suspend the debt limit until 2025. This enabled the government to issue new debt via Treasuries. The government's third-quarter deficit was expected to be $750 billion, but earlier this month, they revised it to be $1 trillion. The result is more Treasury supply, driving down treasury prices, which can be seen through CME Group Treasury futures, and thus underpinning a continued rise in yields. CPI, a closely watched inflation gauge, for July recently came in at 3.2% y/y, nearly a two-thirds drop from last summer's peak. However, a steady flow of Treasury issuance has lifted yields, thus reinvigorating Gold's foe, the Real Yield. As we move into autumn, we must ask ourselves, has the market discounted a frivolous U.S. government? If so, when coupled with the trend lower in inflation, this sets the stage for Gold's time to shine. 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 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. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
COMEX:GC1!
by bill_blue_line
Bobby's homework assignment8.30.23 This video Is about gold. I bought gold yesterday... and I bought it where I would normally exit the market if I were a buyer at a lower price. I broke my rules... and to be honest I really don't like doing that... because my rules protect me and they keep me out of trouble and they help preserve my reward on a trade that I have taken. We looked at what Defines a pivot as structure. We will definitely come back to this video when gold produces somewhere price bars in the next few days.
COMEX:GC1!
by ScottBogatin
2