Gold COMEX Future - Intraday Levels - 23rd April 2024Levels marked at 4:55 PM IST .. considering Electronic trading price, regular trading hours are from 7:00 PM IST
if Sustain above 2328.1 then 2343.6 to 2348.8 or 2357.0 to 2365.2 above this bullish then wait
if Sustain Below 2314.5 or 2307.1 then 2302.1 to 2297.0 then 2291.2 to 2283.1 or 2274.9 below this bearish then 2256.9 to 2255.5 or 2251.7 to 2250.3 last hope will be 2240.3 to 2232.9 below this more bearish
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
GDR1! trade ideas
GOLD: 23 APR, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M.
(1D) Long-term context suggests that the ((iv))-green wave is currently unfolding to push lower, targeting 2265. After reaching the bottom, the ((v))-green wave is expected to follow, ready to push higher.
(4H) Short-term outlook has seen a significant decline since the recent high. Gold is now poised to continue its downward momentum towards the immediate target range of 2284 - 2258. Maintaining prices below the resistance level of 2355 would support this view.
Invalidation point: 2433
Where is Gold going?Gold prices had a very good run in the past few weeks but now the selling pressure is showing up on the chart.
Much more downslide is expected if nearby Support is breached because the next support is far-far away.
If the price reverses and reaches cloud area (the consolidation zone), do not keep any position open.
GC1! (GOLD)... Tentatively BULLISH!Bias is tentatively Bullish.
Continues to make HLs, but
no HHs, in a tight range. Price
is close to filling in the big
wick the prev. week.
Looking to see if the PWH
is raided early in the week.
If so, I expect price to go
from External ->Internal, down
the the W FVG/+OB area from
there.
But price may need to rebalance
the +FVG before moving higher.
Waiting and watching for
definitive price action.
I enjoy any feedback or questions in the comment section.
All opinions are welcome!
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Gold drops more than 2% to one-week low as Middle East worries Gold prices dropped more than 2% to a one-week low on Monday as worries over a wider Middle East conflict subsided, prompting investors to scale back safe-haven trades in favour of riskier assets like equities.
Spot gold was down 2.5% at $2,330.51 per ounce as of 1:52 p.m. ET (1752 GMT), and marked its biggest intra-day fall in more than a year.
U.S. gold futures settled 2.8% lower at $2,346.4.
Tehran downplayed Israel's retaliatory drone strike against Iran, in what appeared to be a move aimed at averting regional escalation.
Gold also came under pressure as Wall Street's main indexes opened higher, cutting demand for the safe-haven and non-interest paying asset.
Are Gold & Silver done?Don't think #GOLD is done by any means.
HOWEVER.......
Sold some positions around the date of bearish engulfing. As of today the precious metal is still @ that price level. We missed a lil more upside but it wasn't much oi the whole scheme of things.
#SILVER shows same exact signs except the Bearish Engulfing.
AMEX:GLD AMEX:SLV
Gold COMEX Future - Intraday Levels - 22nd April 2024If Sustain above 2402.2 then 2422.8 then 2431.0 then 2436.8 to 2439.1 or 2442 above this bullish then 2483.4 to 2488.6 and 2496.8 to 2504.9 or 2513.1
if Sustain Below 2385.8 then 2365.2 then 2357 then 2348.8 to 2343.6 below this bearish then 2302.1 to 2297 then 2291.2 to 2283.1 or 2274.9 below this more bearish
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
Gold COMEX Future - Intraday Levels - 19th April 2024if Sustain above 2398 then 2408 then 2412 then 2424 then 2435 to 2435 strong level then 2445 to 2447 above this more bullish then 2472 then 2482
if Sustain Below 2389 then 2378 below this bearish then 2370 to 2366 or 2361 then 2354 then 2343 below this more bearish
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
The Supply Zone Keeping a Lid on GoldGold (June) / Silver (May)
Gold, yesterday’s close: Settled at 2388.4, down 19.4
Silver, yesterday’s close: Settled at 28.40, down 0.024
Gold has traded fairly constructive on the week given Friday’s sharp reversal but the overhead supply resulting from this reversal is apparent at major three-star resistance at 2404.3-2408.5 and 2412.9-2414.8. A close above these levels would theoretically begin neutralizing Friday’s reversal and invite fresh buying. While Silver has not retraced as much as Gold, its path too has been constructive but there is a clear psychological barrier at the $29 mark.
Bias: Neutral/Bullish
Resistance: 2404.3-2408.5***, 2412.9-2414.8***, 2425.6**, 2337.3-2448.8***, 2466.5***, 2539.3-2560.1****
Pivot: 2395
Support: 2387-2489.6**, 2378.2***, 2365.8-2370.7*(**, 2360.2-2362.6***, 2348.1-2351***, 2327.1-2343.1****
Silver (May)
Resistance: 28.69-23.75**, 28.88-28.90**, 29.05-29.22***, 29.88-30.35***
Pivot: 28.56
Support: 23.44**, 28.36**, 28.14-28.18**, 28.03*, 27.93**, 27.64-27.76***, 27.34-27.51***, 26.93-26.97***, 26.40-26.48***
Check out CME Group real-time data plans available on TradingView here: www.tradingview.com
Disclaimers:
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
*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.
Gold COMEX Future - Intraday Levels - 18th April 2024if Sustain above 2389 then 2395 to 2399 or 2401 above this more bullish then 2412 then 2417 to 2418 then 2424
if Sustain Below 2389 then 2381 then 2378 to 2376 then 2366 below this bearish then 2354 then 2348 to 2343 below this more bearish
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
High Probable 15M Supply Zone SHORT for the HOUSE to CAPITALIZECOMEX:GC1!
"Believe me, the reward is not so gr8 without the struggle." -Wilma Rudolph
Good Afternoon HOUSE, I hope we all are in gr8 spirits ready to start the week...
As we all know Price has been Bullish on GOLD....Breaking NEW RECORD HIGH'S...
Now that the Market has left us a beautiful 30/15m Supply Zone can we SHORT this level and push the market LOWER...?
On the Daily TF we have a HUGE Rejection Candle which could indicate the Sellers may be ready to start participating and push for lower pricing... HTF is always KING!!! imo
Remember to Manage your portfolio as Professionals w/ a proven edge/system w/ NO EMOTION!! This will take us to an abundant lifestyle w/ low hanging fruit!
My Job is to Manage the Downside costs of Printing HIGHSIDE returns of $$$ Consistently...
#BHM500K #NewERA #Champions
Five waves up and now three waves of correction!Esteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules.
As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy.
I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision.
For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea.
My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace.
I express my gratitude for your continued support and kindness, and welcome your comments and critiques.
May my analysis be a valuable asset to your business journey, and I remain sincerely yours,
Mr. Nobody
Or we are in the third wave and there is one wave of the bullish market left and then the correction is based on the degree of the wave
The ES and Russell Would be long trades for me.4.17.24 The video was on the long side but I showed you the details of how I would look at a trading opportunity for those two markets using the tools that I talk about. The idea is to find the best entry and to get in when the market's not likely to stop you out with a small stop. this is what it looks like for these two markets right now. If you trade you will have losing trades... and this is why I don't like to call out trades because I don't want it to be my responsibility for your losses..... but this is how a trade to go long in both of those markets ...looks.
Gold Futures Still Have Room to RunTechnical Momentum Strengthens
Gold Futures hit an all-time high in 2024 at $2,448 on the June futures contract on April 12. Futures remain firmly above the rising 50-day Moving average at $2,184 and well above the 200-day Moving Average at $2,072. The technical perspective shows momentum studies accelerating, with the 9-day moving average gaining momentum above the 18-day.
Stochastics are in overbought territory above 80, and DMI + and DMI—are firmly positive, indicating that the bullish trend may have more room to run.
Tailwinds Continue to Develop
According to the CME's Fedwatch tool, Looking out to June, swaps are pricing in a 15% chance that the Fed makes its first interest rate hike in the cycle. At the same time, September shows a much higher probability, closer to 60%.
Geopolitical tensions, rampant fiscal spending, and central bank buying have been the main drivers and have helped propel Gold prices recently.
Industrial Metals Strengthen
Performance remains strong in the Precious Metals space and has continued to spill into the industrial complex. A pick-up in manufacturing, a jump in Chinese GDP, and a resilient U.S. economy have fueled a broad-based rally in copper and silver.
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.