Gold looks like it might be heading Higher6 12 25 this is a long video hopefully it does not fail to upload. I mentioned a number of markets in this includes some advice to one of my students ( there is only one student right now) and that's perfectly fine for me.... but I wanted her to see a couple of markets that she might not be looking at but her worth looking at if she wants to trade more markets. I did not include agricultural stuff which could be a good choice, but I just don't spend time with it.
Gold Futures
GOLD1! trade ideas
FUTURES GOLD i LIKE THIS POTENTIAL SETUP. WE are at an area of supply. Price is consolidating. I would like to see price break below that support giving us the notion that price will only correct and sell back to those previous areas of support and I have marked out the tp targets as those areas we might see some strong rejection as price is still very bullish
$MGC(Gold) EW Recount. Two Possible scenarios!!! - June 11, 2025Hello fellow gamblers,
As you can see in the title, I had to do a recount of my EW analysis for gold since we did fail to break below support towards our Wave C target.
This video is a bit long because i bring 2 different scenarios that could be playing out at this time.
I hope you enjoy!
- Watching for price action behavior near the down trendline and watching for the FVG gap to hold support.
- Levels to watch: 3418.2, 3398, 3360.4, 3324
What is Gold Silver Spread?What is gold silver spread? How to understand them to determine the market direction.
Reuters mentioned that the gold-silver ratio dropped from 105 to 94. What does this mean? Does it indicate that silver is about to trend higher, or is it a sign that gold will continue its trend?
Micro Silver Futures
Ticker: SIL
Minimum fluctuation:
0.005 per troy ounce = $5.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time 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
Trading the Micro: www.cmegroup.com
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when price consolidates, its just setting upLooking for a bigger moving going into mid week. Tues spent the entire day consolidating. Now im thinking we getting ready for a bigger move. Just trying to be patient and wait for it. Price should give us some kinda sign on what it would like to do as we coming into the Asian Killzone.
Gold Sliver Spread is Pointing Downward - Silver to TrendGold-silver ratio dropped from 107 to current 91. What does this mean? Does it indicate that silver is about to trend higher, or is it a sign that gold will continue its trend?
If you take the gold prices on 'Liberation Day' on 2nd April 2025 - Gold at $3,509 divided by Silver at $35 = 100.25
Today, the gold prices at 3,400 divided by the silver prices at 37.36, you will get the ratio as 91.
Based on this historical development over the last 50 years, gold silver spread has range bound within this range of 40 and 100, and likely it should remain this way.
Studies shown it has just reached 100, forming a potential inverted hammer, and could be on the way down to its lower band. Either the 65 band or 40 band.
If that were to happen, this also means the Silver’s trend is likely to pick-up faster than gold did.
On 05 April 2024 a video analysis I have published, title “Silver is Next to Rally After Gold”, then I presented on its fundamental and its technical reasons.
By the way the cup & handle formation, it is taking a very good shape today.
On that analysis, I suggested in time to come, when Silver to catch-up with gold, it will be fast and furious. And I believe the time is near as the ratio now dip to around 91, and it seems more room for more downside.
This means with so many uncertainties and fear of inflation coming back again, Gold may still trend higher, but this time the rate-of-change for the silver to move higher is faster than that of gold. If the ratio continue to decline, we should see a much firmer silver prices from the current.
Historically, gold and silver have been used as money, and even today, if you take any grams or an ounce of gold or silver to banks with bullion departments, you can exchange it for cash.
As the world searches for the next reserve currency, precious metals have become a safe haven. That’s why gold has been trending upward over the years, especially when inflation hit a high of 9% in 2022. When gold becomes too pricey, investors often look for alternatives like silver. This also explains why, during most financial crises, the gold-silver ratio dips, indicating that silver is catching up with gold.
Micro Silver Futures
Ticker: SIL
Minimum fluctuation:
0.005 per troy ounce = $5.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time 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
Trading the Micro: www.cmegroup.com
www.cmegroup.com
GOLD- WATCHING IT CLOSELY.🔍 Chart Analysis
🏗️ Structure & Patterns
A perfect Cup & Handle formation is visible.
Price has broken out above the neckline (~₹98,000) but is currently in a pullback phase, forming the handle.
A falling wedge breakout is also seen prior to the breakout — a bullish continuation pattern.
📐 Fibonacci Retracement
0.382 level at ₹96,132
0.5 level at ₹95,132
These retracement levels align well with the handle zone and offer potential re-entry/buy levels.
🛡️ Key Support Levels
Level Description
₹98,000 Former resistance, now short-term support
₹96,132 38.2% Fib retracement
₹95,132 50% Fib retracement (also demand zone)
₹94,200 Major support
🔵 Note: Breakdown below ₹95,132 is bearish confirmation.
📊 RSI Analysis
RSI = 54.59, cooling off from overbought levels.
RSI has crossed below the RSI-based moving average (63.43), indicating temporary loss of momentum.
📈 Projected Path
The handle curve suggests a possible rebound after this pullback, targeting previous high ~₹99,358, and possibly ₹101,317 (height of cup projected upward).
✅ Summary
Category Observation
Pattern Bullish Cup & Handle with falling wedge breakout
Trend Bullish above ₹95,132; Weak only if closes below
Key Levels Support: ₹98,000 / ₹96,132 / ₹95,132 / ₹94,200
Resistance: ₹99,358 / ₹101,317
RSI Cooling down; not overbought; healthy retracement
Bias Bullish with pullback in progress; re-entry near ₹96k–95.1k zone
🧠 Final Thoughts
Pullbacks are healthy in bullish setups like this — watch for reversal signs near ₹96,132 or ₹95,132.
A daily close above ₹99,358 can trigger Cup & Handle target breakout toward ₹101,300+.
Maintain bullish bias unless ₹94,200 is breached.
Gold May Continue to Frustrate TradersGold prices have stalled once again and have struggled to make any significant advances since mid-April, remaining stuck in a range between $3,150 and $3,450. This trading range has resulted in sideways price action, with several false starts along the way. However, technical analysis suggests that this range is likely to remain in place.
After breaking above a downtrend in late May — a move that initially appeared convincing, with prices surging to $3,400 — gold has since declined, falling back to $3,300. As of 10 June, it is now retesting that trendline and bouncing at $3,300. This price also represents the 38.2% retracement of the rally from the 15 May intraday low of $3,120 to the 5 June intraday high of $3,400. The combination of the trendline and the Fibonacci retracement level is currently acting as support.
Additionally, the Relative Strength Index (RSI) has broken above a downtrend, indicating a potential shift in momentum. At the time, all of this suggested that gold was likely to retest its previous highs.
However, a new problem has emerged — one that is not particularly favourable for further gains in gold. As of 6 June, the price has fallen below a short-term uptrend and has also stalled at resistance around $3,320.
In addition, the Relative Strength Index has now broken below its own short-term uptrend and is nearing the 50 level — a potentially bearish signal. If these developments are signs that all is not well, then gold could be expected to revisit its early May lows, around $3,100.
As things stand, there are two viable paths for gold, and it is far from easy to determine which one is the correct one. Unfortunately, both scenarios suggest that gold is likely to remain range-bound for some time yet.
Written by Michael J. Kramer, founder of Mott Capital Management.
Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed.
No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.
$MGC (Gold) Pos-Market Update - June 11, 2025Huge moves happening on gold, price is now in a level in which it could invalidate our ABC scenario. At this moment, I'm not changing my bias. I would like to see a break above that 3397.5 level before that happens.
- Key levels: 3397.5, 3387.6, 3372.8, 3366.7, 3339.7
Gold Futures – Double Top Leads to Bearish SetupGold Futures on the MCX chart is showing a classic Elliott Wave pattern in play. After forming a regular flat correction with a double top near the 99,300–99,200 zone, prices have started to drift lower. The double top structure—combined with the completion of Wave B—suggests that a Wave C decline is underway.
Wave A took the price down to around 90,890, followed by a corrective Wave B that failed to break the previous high convincingly.
The near-term outlook on the 4-hour timeframe remains bearish. I am anticipating five waves down within Wave C, which may take price back toward the previous Wave A low or slightly lower, possibly ending in a diagonal pattern, before a bullish reversal can be expected.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
GC - Gold digging for a possible ShortAfter reaching WL2, we saw a sharp pullback followed by an immediate double top. Price failed to reach the centerline of the yellow fork, instead stalling at the 1/4 line.
Then came the break of the lower median line (L-MLH), a pullback to the white WL1—then the drop began.
If this market can’t push to new highs, we’ll likely fall back into the median line set. A pullback to the upper median line (U-MLH), as indicated by the red arrows, is a probable scenario.
Next stop: the white centerline.
I trade tiny. I trade with extremely high risk-reward setups. I’m fine getting stopped out all the time —because I’m hunting huge moves.
I don’t chase. No FOMO.
It’s how I sleep well, make money from trading and keep my stress level very low.
GOLD REVERESED! Looking for the breakout!We got some news Tuesday that shifted the direction of the pullback and now looking like we might just break out. if we can make it above yesterdays highs and closed on the H4 then I think it will be safe to look for higher levels. but if it breaks down from here then we could still see it reach for Liquidity. We just have to be patient in waiting for price to show its hand.