The only chart you need right now. #goldThe only chart you need right now. #gold
momentum resetting
volume resetting
ORO1! trade ideas
Gold COMEX Future - Intraday Levels - 3rd May 2024If Sustain above 2309.6 then 2324.6 to 2325.9 or 2328.5 to 2331.3 or 2333.6 above this bullish then 2347.1 to 2353.8
If Sustain below 2302.0 then 2286.1 to 2283.0 or 2280.7 to 2278.0 below this bearish then 2263.6 to 2256.9 or 2254.1 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 registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock and commodities 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.
Friday Gold Shorts 05/03/24Overall we are trending up on the weekly time frame. We are now having a pull back. The previous weeks candle closed very bearish. We have a weekly gap that we need to fill and it looks like within that gap, there is an area where price had a lot of aggressive buyers & sellers. This price tag is 2262.3. I will be looking to short that once we break out of our consolidation and break Thursdays low at 2294. My overall target is 2257.1 because that is the gap fill but I think we need to at least hit 2262.3 this Friday. I may also look for longs at that level depending on how impulsive the reaction will be from there.
TAKE LONG POSITION FOR MICROGOLD AT 2312.3 $ , CORRECTION PHASE ? TAKE LONG POSITION AND TRUST THE PROCESS , REMEMBER NO FEAR
Entry for short Attached to related idea
Grey zone I expect to act as resistance
In shorts right now
Gold COMEX Future - Intraday Levels - 2nd May 2024if Sustain above 2318 then 2333.0 to 2336.0 then 2345.8 to 2347.3 then 2354.4 to 2357.0 then 2373.7 to 2377.2
if Sustain Below 2318 then 2311 then 2309 to 2305.5 or 2302.9 then 2291.7 then 2281.7 then 2274.7 to 2271.5 or 2268.5
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 vs dxyGold is very often able to outperform US Dollar (vs foreign currencies) strength in its bull eras.
I made it easy for you to spot when the march upwards resumes on this daily chart.
Now don't say I can't help ;-)
#gold #dxy #usdollar
gold #bullish setupwe can look for a bullish entry on gold
cup & handle pattern formed
over all trend bearish small bullish entry
The Bears gain control of GoldTechnical Momentum Weakens
Gold Futures hit an all-time high in 2024 at $2,448 on the June futures contract on April 12. Since then, futures have corrected; however, gold remains firmly above the rising 50-day moving average at $2,244 and well above the 200-day moving average at $2088. The technical perspective shows momentum studies declining, with the 9-day moving average trading below the 18-day.
Stochastics have corrected into oversold territory, and DMI - is below DMI- , indicating that the bears are technically in control.
Tailwinds Continue to Develop
With a 6% chance of a June rate cut, according to the CME's Fedwatch tool, traders are focused on September; swaps are pricing in a 43% chance that the Fed will make its first interest rate hike in the cycle.
Geopolitical tensions, rampant fiscal spending, and central bank buying have been the main drivers and have significantly propelled Gold prices recently.
Industrial Metals Strengthen
Performance remains strong in the Precious Metals space and has continued to spill into the industrial complex. Traders continue to monitor manufacturing, Chinese Economic data, and the U.S. economy.
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.
Bitcoin & Gold I personally think short term maybe lower, but the purpose here is to consider the outcome of a new asset following the path of another with the participants being the same people.
filb.
Gold today's forcastCURRENT PRICE: 2296.5
2278 to 2288 is the bullish zone for gold as mentioned in the chart, plus 200 SMA is also providing support at 2293. Price is bouncing from this level and is currently trading at 2296.
Till the price is above this support zone BUY is recommended to target 2304.5 and 2323.6.
Whereas breach and stability below this support zone will result in slide in prices towards 2249 to 2259 green zone mentioned in chart.
GOLD (FUTURES): 1 MAY, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M.
The broader context suggests that wave (iv)-purple continues longer than expected, pushing lower, looking for targets around the 2260 area.
The short-term outlook shows that the x-blue wave recently ended, and the y-blue wave is opened to push lower, while price sustaining below the 2317 resistance level is a significant advantage for this outlook. Rising higher shows the opening of wave ((4))-red, and wave ((5))-red will then continue to push lower.
Invalidation point: 2364.4
Gold COMEX Future - Intraday Levels - 1st May 2024 If Sustain above 2305.1 then 2310.4 to 2311.8 above this bullish movement then 2328.5 then 2341.8 to 2344.1 or 2347.0 then 2352.3 then Swing trade Bullish to 2378.4 to 2383.6 then 2393.0 then 2401.4 then 2408.6 to 2409.4
If Sustain below 2296.2 to 2295.1 then 2287.0 then 2279.6 then 2263.9 Swing trade bearish then 2237.2 to 2231.9 then 2302.1 to 2298.1
Consider some buffer points in above levels.
For you analysis and study :-
My trade plan for Swing trade : Buy above 2352.3 with SL of 2296.2
Sell below 2263.9 with SL of 2311.8
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock and commodities 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 to Break the Recent Low Tonight or TomorrowIt looks like we have an impulsive count to the downside for a C or 5th wave. I'm looking for the Green 5th wave to extend to the deeper fibonacci target of 278% after a decent 4th wave bounce... but first it needs to complete blue 345 to the downside.
Deeper Targets possible - will update the idea as it progresses.
GOLD SHORTNWOG to NWOG looks good. Targeting equal lows. should be quick
Refer to previous idea Tagged
Gold COMEX Future - Intraday Levels - 30th April 2024if Sustain above 2357.7 or 2359.4 then 2367.5 to 2369 then 2375.6 above this bullish then 2412.5 then 2423.9 then 2432.4 to 2440.5 or 2448.5
if Sustain Below 2339.1 then 2331 then 2323 then 2314.2 to 2302.9 Strong level then 2294.5 or 2286.5 below this more bearish then 2229.6 to 2221.5 then 2213.5 to 2204.5 or 2193.2
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: 30 APR, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M.
The latest forecast for Gold to fall lower with wave ((2))-red has taken place 🎯. Here is the latest update:
The broader context suggests that the iv-purple wave may have concluded, and the v-purple wave may be ready to push higher.
The short-term outlook suggests that the ((1))-red wave has just completed, and the ((2))-red wave is unfolding to push lower. It looks quite sharp, so to confirm an upward trend, the price needs to be higher than $2358.9. If not, it's best to observe.
Invalidation point: 2304.6
Gold MCX Future Technical Chart Analysis for 29 AprilThese levels provide guidance for traders interested in trading Gold MCX Futures on June 5, offering specific entry points, target prices, and stop-loss levels to manage risk.
Range Point: 71,500
Day Range: 538 points
Buy Above: 71,544
Average At: 71,481
Buy Target 1: 71,832
Buy Target 2: 72,038
Buyer Stoploss: 71,365
Sale Below: 71,418
Sale Target 1: 71,168
Sale Target 2: 70,962
Seller Stoploss: 71,597
Gold COMEX Future - Intraday Levels - 29th April 2024*Major levels only
if Sustain above 2346.9 then 2360.8 then 2374.6 then 2398.7 to 2401.4 or 2404.1above this more bullish
if Sustain Below 2338 then 2301.5 then 2289.7 to 2287 or 2284.3below 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 (FUTURES): 28 APR, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M
The broader context suggests that the iv-purple wave may have concluded, and the v-purple wave may be ready to push higher.
In the short term, the outlook indicates that the iv-purple wave unfolded as a Flat correction and has ended. The v-purple wave may now be unfolding to push higher. In the short term, the ((2))-red wave may push slightly lower before the ((3))-red wave truly returns.
Invalidation point: 2304.6
Long GOLD (MGC Jun2024)Daily reversal candle after a breakdown on a daily chart. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
