GOLD FUT 2HOURLY CHARTGOLD FUT 2HOURLY CHART Cmp 1930 Breakout @ 1937 on close basis Target 1978 Time to keep an eye on. It's only an observation & not any suggestion.Longby UnknownUnicorn4824761Updated 3
Gold For me after this powerful volume , it's time to take your profit , but we goin to wait until the end of this candle , if it end red we going to close , if not we going to follow the trend by Ali_luci0
GoldAfter these days of accumulation, I believe it's the end. Following this breakout, it marks the beginning of an uptrend. by Ali_luci0
Gold buyers could see $1900 as a bargainGold futures have fallen nearly 9% since the May high, but there are signs that it is trying to form a base around $1900.Whilst the psychological round number has helped to play a part, it also coincides with a volume cluster in the rally at the beginning of March. We therefore see the potential for a minor bounce at a minimum from current levels whilst prices hold above $1900. Large speculators remain net-long, although their exposure has been trimmed as prices have fallen. Yet we're not seeing a material pickup in gross-short exposure to indicate a much more bearish outlook from speculators. Furthermore, softer US inflation data on Friday weighed on the US dollar and helped to support gold - and gold could rise further if we see any weakness in data this week (ISM manufacturing data is out today, challenger jobs and ADP employment on Thursday and of course Nonfarm payroll on Friday). The highs around $1948 are the initial target for bulls to consider, with the potential for a move towards $2000 if we're treated with a host of weak US data to prompt further calls for the Fed's terminal rate. A break below $1900 invalidates the near-term bullish bias. Longby CityIndexUpdated 2
Gold: Rearing up 🐎Gold has been rearing up once more but should soon return below the support at $1936 to continue the overarching downwards movement until the low of wave (4) in yellow is found, which we expect to happen below the turquoise zone between $1840 and $1713. However, there is a 30% chance that the precious metal could use the turquoise zone to finish wave alt.2 in turquoise instead. In that case, gold would turn upwards from there, rising back above $1936 and further northwards. by MarketIntel0
Gold reaching for new highs?Incredible to think with the Dollar bouncing Bullish that the price of Gold will rise but that is what the PA is showing and I do not argue with thatLongby JP_Tru0
Digital and technical analysisWe see that there is a lack of buying momentum and we are in a major bullish correctionby faridsalim3084
Gold (GC futures) weekly updateThis chart is the same as drawn way back, still standing with it. I have two targets for gold in first quarter 2024, lower path (purple arrow) is 2100 area, and 2407 area (higher purple arrow), which is a Gartley extension dating back to September 2018 (last Fed hiking cycle). Natural progression would be along the lower target, but a macro event (such as confrontational superpower war) would easily propel to higher trajectory target at 2407. Longby UnknownUnicorn131011
GOLDThe gold today looks powerful and positive for attacking the resistance and breaking the range. After this powerful pullback with good volume, it's time to buy.by Ali_luciUpdated 1
Gold After witnessing this breakout with significant volume, the market appears to be indicating a downtrend for today. by Ali_luci1
Gold broken above wedge new target $2,081Falling Wedge has formed on Gold since April 2023. This has been a turn for the good. We've seen the price breakout and now we can expect the demand to continue. 7=21>200 - Bullish RSI >50 (Buy divergence with the level breaking the downtrend. Target $2,081 This will reflect on gold companies too which we can be bullish on. Happy to go long here. Longby Timonrosso2
Mcx Gold ForecastGold bulls trying to take control over 100 sma and 50% fibbo... More highs waiting... by ktra_commodities6
GOLD,Daily, BUY SIGNALGOLD is giving a Buy Signal (Long Position) for the daily time frame. we are expecting it going up these next days as we have shown in the chart. we set Stop at 1899.3Longby MA_TRADING_SYSTEM221
my indicator setup in gold..( historical)this is a setup that was formed in gold using my indicator.. that target was achieved.. this is just for learning.. not a trade advice just paper trade/Long01:56by shiit_tv_teameUpdated 0
Live Trading Session 227: Trade setups and Open PositionsIn this live trading session,we look at potential trades setting up for the week and open positions on Gold,GBPUSD,S&P 500,Brent Oil,Bitcoin and many more.13:45by masterthemarkets2010Updated 8
sell gold stya blw 58900 tgt 58810--780 interdaysell gold stya blw 58900 tgt 58810--780 interday sell on keep tight sl 58959 yes in interdat chart looks profit booking fall soonShortby kailashcfa330
Gold forecast in short timeEverything about this magical metal proves to be pumped up in the short term. Due to the clearing of orders at the level of 1942 dollars, I am waiting for the failure of this level...Longby fiftytwohertzwhaleUpdated 1113
58000 is good supportit already triggered entry at 58500 it may consolidate or may go upto 60000 so this month range is 57000 to 60000... and sold goldm 57000 pe at 170 and by putting stoplose 56000 Longby KrishnaKarthikUpdated 0
My Gold PredictionThere are two options,up is the preferred one. Gann lines confirm my researchby SGorby0
DX; ZN; CL and GC from 10/07/23 to 14/07/23DX x ZN opposite correlation yet to prove witch one is right. CL only above LVA of 2022 to resume up again / don't forget that there is a war on this one. GC entering seasonal up till Sep 04/23. Please listen to the video for more acurated points on all of them. Thanks.11:12by MacDadddy0
Gold / Silver RatioThe Gold / Silver ratio is holding support at a trend line and the 50-day moving average. It must break this support to signal an improving risk appetite for precious metals.Longby bill_blue_line2
Gold bearGold is developing a nice top. Trend reversal pattern. Committment of Traders is showing extreme positions.Shortby LEONESUpdated 552
GC Gold futures (Daily Chart) I'm going out on a limb here before FED minutes today, but here is a daily chart analysis of gold in USD: Gold is typically seasonal, selling in late first or second quarter until third or fourth quarter. Despite recent selling, gold has held remarkably well in light of a hawkish FED. The good news: Gold has bounced off its rising 200 day EMA (red moving average line) which has been good support. I expect some churning in this area (1900-1950) until fall/winter when seasonality becomes bullish -- the bottom dashed line is near a prior pivot swing (circle), and a key Gann level. and the top dashed line is a key Gann line and a key volume level. The bad news: Gold sits below its ichimoku cloud, which is potential resistance. 2K area is near a prior all time high and potential resistance. Overall Assessment: I don't expect a low below the low 1900's (bottom dashed line). I do expect new highs, most likely in 2024. But new highs are contingent on macro environment of deteriorating economy ( banking, real estate defaults, global recession) and/or relaxed rate environment and effective monetary easing. Of course any black swan (which is unpredictable) can launch a new high. Longby UnknownUnicorn131010