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GOLDM1! trade ideas

I am only going to look at five markets for the foreseeable 11.7.23 :ES Russell Gold Silver Oil. I plan to look at two bar reversals at support and resistance. We will still factor in volatility, expansion and contraction, Support and resistance, Always thinking about the smart money versus the fast money... and that's about it. I will talk about gaps which affect my trading decisions. I never use lagging indicators. I do look for patterns. I use extensions and retracements. I want to know if the market's trending or ranging. I absolutely do use multiple time frames.
COMEX:GC1!
by ScottBogatin
Is the bull run in gold prices coming to an end?Is the bull run in gold prices coming to an end? Gold prices are slightly lower today in response to rising U.S. bond yields. However, gold remains an important investment tool for many people seeking stability and protection in the financial market. A crucial factor that will affect the gold market in the near future will be the yield on 10-year U.S. Treasury bonds. If we notice an increase in yields, this could lead to the price of gold falling below $1,974, a key support level to watch. There is a clear inverse relationship between this and the U.S. 10-year bond yield. Data last Friday revealed that U.S. job growth declined during October and annual wage growth was the lowest in two and a half years, suggesting a weakening labor market situation. After the release of the employment report, there is an expectation that the Fed may have ended its policy of raising rates, which led to a drop in the dollar to a six-week low. There is increasingly good news for gold investors as the SPDR® Gold Shares (NYSE:GLD), the world's largest gold-traded fund, announced a 0.20 percent increase in its holdings last Friday to 863.24 tons. Recently, gold has been under pressure due to rising real yields on U.S. Treasuries. However, the Oct. 7 Hamas terrorist attacks caused the metal to overshoot, reversing this trend. The reason gold prices rise at the start of a war is because there is an expected impact on real yields. Although higher oil prices and rising military spending should theoretically lower real bond yields, in reality, there have been rises because of concern about possible increases by the Fed. Gold-Monthly ChartGold-Monthly Chart There are several options for investing in gold. The first option is physical gold, which includes gold coins, bars, and jewelry. Another avenue is gold futures, which involves a commitment to buy gold at a later date. Alternatively, investors and traders can opt for gold-related stocks, such as gold-focused ETFs like the renowned SPDR Gold Trust (P:GLD) or stocks of gold mining companies. From a technical perspective, the situation on gold is neutral with an uncertain phase. The primary trend remains upward and this is also confirmed by the close above the slow-moving average. The stochastic (42.3) is also in the lower part of its range, without yet providing any indication as to whether we are at the beginning of a bullish phase or whether short-term congestion will continue. As those who follow me can attest, I am not a big fan of gold. I do not expect U.S. 10-year bond yields or the value of the dollar to decline significantly in the last quarter of the year. This means that barring a global conflict, the run-up in gold prices has come to an end because there is an inverse correlation between gold and bonds and the dollar. I expect gold prices to remain stable in the coming months, staying within the range of 1800 to 2000.
COMEX:GC1!
by Antonio_Ferlito
GOLD potential support detectedThe naked put on Gold 1950 with a break-even point around 1930 is becoming increasingly active. For those unfamiliar with the options market: naked options are used by experienced options traders to create a synthetic breakeven position by adding a long futures. As a result, the owner of such a portfolio makes risk-free profits when the underlying asset goes up, and loses nothing when it goes down. ***We do the best research as we can to find new opportunities in the massive amount of information every day to help you make data-driven trading decision. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all!***
COMEX:GCZ2023
by ClashChartsTeam
Why Is Gold Outpacing the Stock Market?Looking back to 1928, when the time series for the S&P 500 began, U.S. equities have had an average annual price return of 5.9%. But gold isn’t far behind with an average yearly gain of 4.9%. It can be instructive to reprice equities in gold terms by dividing the S&P 500 index by the dollar price of gold. The S&P 500 to gold ratio has been through broad swings over the past century, with stocks falling by 86% in gold terms between 1929 and 1942; rising by 1165% versus gold from 1942 to 1967; falling by 95% versus gold from 1967 to 1980; soaring 4000% versus gold between 1980 and 2000; and then falling by 89% between 2000 and 2011. More recently, the S&P 500 rose by 350% versus gold between 2011 and 2021 but has since dropped back by around 15%. Gold tends to outperform stocks during periods of fiscal and monetary expansion, price instability, and periods of geopolitical conflict and uncertainty. As such, one might wonder if gold might be the outperformer for the remainder of the 2020s. 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 By Erik Norland, Executive Director and Senior Economist, CME Group *CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc. **All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
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COMEX:GC1!
by CME_Group
15
Is the Top in on Gold?After punching through $2000/oz for the first time since July, Gold and Silver have found themselves in a peculiar position, suddenly competing with the launch of a Bitcoin ETF. Perhaps the $175/oz rally over the past three weeks left investors "itching" to find the next "quick buck." While Bitcoin has proven a viable asset class, retail investors and Central Banks will quickly purchase any correction in precious metals. Next Weeks Federal Reserve Meeting The Fed meets next week and is near completing its fastest interest rate hike cycle in American history. Many call this wreckless given the unprecedented Government Debt, leaving almost no foreseeable way out. Once the Federal Reserve pauses its interest rate hike cycle, they have historically cut rates within 7-9 months. According to the CME Group Fed Watch Tool, there is better than a 50% probability the Fed will cut rates by at least 25bps by July 2024, and should have bullish implications for precious metals. In addition, Geopolitical tensions and uncertainty remain on everyone's radar, with two very complex wars breaking out over the past two years. The risks of safely traveling abroad seem higher than ever before, and with the Global divide continuing to expand, one must ask themselves, are we on the verge of WWIII? The Technicals Gold futures have broken above the psychological $2000/oz and have opened the door for higher prices. Traders will note that several levels remain on the charts defined as "critical support," with the first being the 200 DMA at $1983, the psychological $1950, and finally, the 50 DMA at $1929. Gold will need a close above $2000 and a stronger session to extend the rally to $2050. 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
''The Spot Price Of Gold is $2,002.15''Gold maintains its value. When the stock market crashes gold goes up in price. Once you understand how to buy gold you will become a trading expert. Gold is considered as international money. In order to learn more about the ''rocket booster'' strategy rocket boost this content. Gold is used in manufacturing of gold coins. Gold is a safe heaven asset. You can know the right time to buy Gold using the ''rocket booster strategy'' According to the world gold council the spot price of gold is $2,002.15 Disclaimer: This is not financial advice do your own research before you trade, hence do not buy or sell anything i recommend. Rocket boost this content to learn more.
COMEX:GC1!Long
by lubosi
The Future of XAUOn Feb 23 and March 23 Xau retested at the same zone but failed to break support zone and on the 23rd of October it retest on our support. The support zone which was retested is still the same one which price bounced off, in the previous months and failed to break it still. Now whats happening is its going long because the data collected from the past months will now make it seem like it consolidating. To me this whole movement i appears like the market is building up momentum to break our resistance zone above and because of that im staying a safe target of tp2300. XAU in the past has reached even 2000 interms of price so now im expecting it to go higher
COMEX:GC1!Long
by Apex_the_trader
Gold Completed a Bullish PatternThe rally from $1824 appears to be an Elliott Wave impulse pattern. As a result, a decline back to $1936 or even $1892 would be considered 'normal' under Elliott Wave Theory. The decline likely hold below the recent high of $2009, but it doesn't have to. If Gold does rally above $2009, then we'll review the wave pattern to discern what adjustments are needed. For the moment, gold has rallied in 5 waves and declined in 3 waves so the larger trend is up and look for declines to be temporary.
COMEX:GC1!
by JWagnerFXTrader
Gold10.24.23 9:30 am The reason I started talking about gold is that I wanted to frame the market to see if there was anything that I could trade today. So I ended up showing you how I would set up my lines and my support resistance areas for what has happened up until the present time. there was an opportunity to short and to go long in this market.... but as you listen to the video you should realize it's not always that easy to find a trade with a good target and a small stop. Because the market is contracted here it's extra difficult because the reversals are quick and they give you limited reward, and it's not an easy trade unless you want to be up all night. but I still think it shows you where the buyers and sellers are. And I'm showing you the way I use range boxes and my other tools. It is possible that in the next hour or so if the market starts moving higher than where we left off there might be a long trade here. I think a contracted market like this is more difficult to trade but if you're careful you might find a couple of gap trades... in-N-Out trading... if you're selective and you have the ability to walk away from the computer before you get burned out. In the end, my belief is to have an opinion about the market looking at these patterns and the price action as opposed to having a Vague feeling... About the market.. which makes this impulse trading as opposed to thoughtful trade because you see an edge. It's best to stay away from the hard decisions... and wait for the easier ones.
COMEX:GC1!
by ScottBogatin