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GOLDPETAL1! trade ideas

Weekly Forex Forecast: GOLD & SILVER Are Bullish! BUY Them!This forecast is for the week of Feb 10-14th. Gold and Silver are both bullish, with Gold being the stronger of the two. I am not interested in selling either until I see a bearish BOS, as the swing structure is bullish, and the trend is up. Wait until the fractal structure is aligned with the overall market structure, which would make for higher probability buys to follow the trend. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:GC1!Long
by RT_Money
2
The 3rd Major Pivot in Gold’s Uptrend - Since Trade War in 2018We just witnessed the start of another pivot in gold when Trump won the U.S. presidential election in November 2024. My gold trading strategy has always focused on buying dips while keeping any short-selling opportunities short-term. The chart above clearly illustrates three major V-shaped formations in gold. After each tariff or trade war, a V-shaped pattern formed in the same month the policy was initiated, followed by a subsequent uptrend. Recently, I published a video analyzing other significant tariffs since the U.S.-China trade war began in 2018. We observed a consistent pattern: after each tariff or trade war, the same month of policy initiation saw the formation of a V-shaped trough, followed by an uptrend. This time, the V-shaped trough occurred during the U.S. presidential election month. The right side of this V-shape was completed with the announcement of 25% tariffs on Canada and Mexico, signaling the expansion of the trade war beyond China. The consequence of trade wars is inflation, and gold has historically served as a leading indicator of this trend. If the trade war persists and intensifies, a continued uptrend in gold seems inevitable. Analyzing the long-term monthly chart using my parallel channel approach, we observed gold prices encountering resistance around $2,600 in September 2024 and beyond. However, by the close of January, the price action provided a clear confirmation of the ongoing gold uptrend. Gold firmly closed above $2,600, reaching $2,835 for COMEX Micro Gold Futures. On the 3-hour chart, I have provided another set of parallel channels as a guide to track support and resistance levels as gold trends further. As gold prices continue to climb, their notional value can become quite large for retail traders. COMEX Micro Gold Futures, being 1/10th the size of the regular gold contract, is a better option for me when the next buying opportunity arises. Recently, CME launched a new contract—a pocket-sized one-ounce gold contract. One key to successful trading is selecting the right contract size for oneself, which is crucial for effective risk management. Once again, my strategy for gold remains the same: focus on buying dips while keeping any short-selling opportunities short-term. Please see the following disclaimer and information that you may find useful: Gold Contracts: Gold Futures & Options Ticker: GC Minimum fluctuation: 0.10 per troy ounce = $10.00 Micro Gold Futures & Options Ticker: MGC Minimum fluctuation: 0.10 er troy ounce = $1.00 1Ounce Gold Futures Ticker: 1OZ Minimum fluctuation: 0.25 per troy ounce = $0.25 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • My 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
COMEX_MINI:MGC1!Long
by konhow
Gold Update: $3,000 Is Not the Final DestinationGold futures broke above minor consolidation, so the map should be updated. Wave 3 becomes extended (blue small waves) and it is looking to test the trendline resistance near magic $3,000 level. But that's not all as we didn't see wave 4 yet. It should be complex to alternate wave 2, which was simple. Wave 4 could hit the $2,500-2,550 area to complete correction. We can measure it after wave 3 will be completed. And finally, wave 5 is usually extended in commodities. It could be huge, wave 3 already travelled over $1,000, imagine where wave 5 could rocket then. It will depend on how deep wave 4 would retrace first. Stay tuned, share your thoughts below, lucky trades to all of you!
COMEX:GC1!Long
by aibek
- Aiming for Long Positions in Gold as Bullish Momentum Persists- Key Insights: Gold's recent all-time high showcases strong bullish sentiment. The market is buoyed by geopolitical uncertainties that drive investors toward gold as a safe-haven asset. Monitoring for potential corrections remains critical. Consider entering long positions as the overall trend continues positively. - Price Targets: Next week targets are T1 at $2,900 and T2 at $3,000. Stop levels are S1 at $2,760 and S2 at $2,740. - Recent Performance: Gold has maintained a strong trajectory amidst favorable commodity movements and high trading volumes. The precious metal's status as a preferred asset has led to its outperformance compared to many traditional equities, reflecting its desirability during volatile periods. - Expert Analysis: Analysts maintain a bullish outlook, while cautioning about potential corrections due to rising short positions. Continued capital rotation into gold suggests that institutional flows will likely push prices further. Traders should pay attention to market signals reflecting shifts in sentiment. - News Impact: Growing geopolitical tensions and tariff concerns heighten gold's strategic importance as a safe-haven investment. Recent initiatives in Saudi Arabia to engage with gold supply chains indicate heightened market demand. Ongoing developments in the GLD ETF reveal strong investor interest, further supporting bullish sentiment around gold.
COMEX:GC1!Long
by CrowdWisdomTrading