Gold Has buyers supporting UMVD picked up Green/ Buyers in GOLD futures around the 29th. Prices have stopped falling and got support here. Lets see when the prices hit the resistance level marked. Watch for Red UMVD at that time
GOLDM1! trade ideas
GC ans SI Metal SeasonThe metal season is about to start.
All points and levels are explained in the video.
Thank you
Gold: Recovery? ❤️🩹Since yesterday, gold has been moving slightly higher. We're therefore one step closer to fulfilling our primary expectations. We still expect the price of the precious metal to rise further in the course of the turquoise wave B, and the upcoming high should be well above the 4th December high. However, it could also be that the price has already placed the high. This alternative scenario comes into play if the price falls below the support level of $1935 and has a probability of 40%.
Bullish on GoldGold has given us a wild ride this week. With it's PA in full view, I'd theorize on some more energetic moves to the upside, however brief, come Friday.
Sell gold 2042 limit stop 2063Based on technical level.
looking for what to confirm technical weakness with a USDA report.
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headline CPI inflation indicate lower gold pricesHigher than previous headline CPI inflation indicate lower gold prices and higher USD
the Nasdaq future and BTC should be expected to drop for the coming weeks and/or rest of the month.
Gold form very High Probability bearish set up.Gold is good to short @ CMP.
Bearish trend just started.
Bearish Engulf candlestick form.
Which very clean sign that Gold will fall down further. So be in a wave. Don't get down early.
Sell Feb gold 2021.00 on stop.Stop at 2054, tgt at 1991.Sell Feb gold 2021.00 on stop. Looking for short term retracement. Stop at 2054, tgt at 1991
GOLD BULLTechnical analysis shows that EURGBP strongly bullish for 80 pips
NEWS (NFP) Fundemantal analysis shows that gold is strongly going up.
-9% coming this year?based on the daily chart it shows a clearly gap down which will create -9% to the downside before heading back to $2000 again.
possible double top in the daily too. short term bearish. long term bullish
Still Bullish on GoldAfter today's push down, price swept the previous day's lows. After continuously failing to make a new low and rejection of the EMAs, coupled with bullish momentum, a long here up to the next high marked in green or the 200ema in purple would be a good idea, in my opinion of course.
Bullish on GoldToday's price action gives signs of continued bullishness as volume picks up for the next day's session.
Buy Feb gold 2042 limit, if filled stop at 2023Buy Feb gold 2042 limit, if filled stop at 2023
Looking to buy gold ahead/ during NFP report as close as possible to support levels for a possible higher risk/reward trade.
GC Update: Still trekking higherNot much to add in reference to Gold. It is still following my path higher into the target box. Thus far it appears its wave 1 of (5) is complete and it is starting its sub-divisions of wave 3 of (5). If this is correct, it would coincide with the drop I am expecting with the indices. It is by no means a requirement for gold to rise when the index's fall but is has long been considered a store of value. So, it would make sense for it to move higher while the overall markets are dropping. Gold is slow moving though, so we will just have to wait and see. Once this wave (5) completes it will have finished a cycle wave III, and IV always comes after III lol.
We have already made a new high which is the only real requirement for this structure to be considered complete. I would like to see us continue to raise into the target box though. Around the $2400-$2500 area would be an ideal place for this wave to conclude. Again, not required, just ideal. Good luck everyone!
New Cycle, or The Top? Gold had an impressive year in 2023, posting gains of 12.75%. However, the precious metal has failed to break and close above the psychologically significant 2100 handle and continues to face major overhead resistance. Will 2024 be a bullish cycle for Gold, or is this the top yet again?
Economic Weakness Priced In?
Gold, like many risk assets, remains influenced by macroeconomic trends and monetary policy. While the prospect of interest rate cuts in 2024 is part of the reason the metal had a stellar 2023, a flight to safety trade may be priced in, given the expectation of further economic growth slowdown in 2024. The precious metal will continue to be influenced by changes in interest rate expectations and emerging economic trends.
Technicals:
Gold has recently begun trading within a parallel channel. This range will play a pivotal role in the price action in the near term. If we see a break and close below the bottom end of the parallel channel, as well as the 50-day EMA, more weakness could follow. Conversely, to see further upside, Gold will need to retest the 2078 level, and a break and close above this level are likely to lead to a test of 2100.
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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 daily chart maybe topping Everything I watch suggests Gold topping above $2088 possible last blow out towards $2300 for me that's a leap but remains a target.
but loads of support on the downside
for me the pattern of trading will be the same strong impulsive move up or down and then followed by period of consolidation.
GOLD Weekly outlook Gold looks toppish but the global issues facing us may give keep us a float for now
but on the weekly the ascending triangle suggests topping pattern.
I will dig into the daily and the 4 hourly to check for more immediate moves.
GOLD bearish. At least short-termBASIC
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3 Potential Risks & 3 Opportunities in 2024 - What are they?If you ask anyone on the street, 'Do you think living expenses and food prices will be higher in a year or two from now?' 9 out of 10 will likely say 'Yes.' This means inflation is still a concern.
Risk 1, U-turn in inflation.
Risk 2, An expansion in geopolitical tension
Risk 3, A delayed recession in 2024
Comex Gold Futures & Options
Its Minimum Fluctuation
0.10 per troy ounce = $10.00
Code: GC
Micro Gold Futures & Options
Its Minimum Fluctuation
0.10 per troy ounce = $1.00
Code: MGC
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
harting the Waves: $GC1 Bulls Set Sail for Profit Peaks! ASX:GC1 is riding a bullish wave above $2049, signaling an opportunity for swing traders.
Targets:
1. TP1 - $2098: A milestone reflecting early success as bullish momentum gains traction.
2. TP2 - $2153: The ultimate destination, representing the peak of the bullish surge and a potential jackpot for savvy swing traders.
Risk Management:
Always use a tight stop loss!
