gold interday update near by powel speech edu pur.gold spot stya abv 2375 in mcx 72750 stya abv looks up side 2382--88 in mcx 72900-73100 near expect support find 2365 in mcx 72450by kailashcfa33Updated 110
GC1: Spring effectOn GC1 as you can see on the chart we have a spring effect on vwap indicator and also on the support line so it's mean that we would have a hight probability to have an uptrend...Longby PAZINI19Published 5
Gold and Silver CRASHED.....NEW LOW in next few minutes....Are you ready..... Gold and Silver crashed in next few minutes..... Sell Gold August Futures.....2393.20 range to 2360 2350 2340...... Sell Silver September Futures.....31.442 range to 30.800 30.600 30.200...... Shortby sebihirengarasondiaUpdated 111
GOLD ANALISIS Gold analisis on daily tf symmitrical triangle pattern formed OANDA:XAUUSD MCX:GOLD1! by Mohitsoni08Published 111
Strong buy signal for gold. Can now reach USD 10,000.Technical Analysis of the Gold Price The gold price is in a long-term rising trend (cf. monthly chart), and a further strong development is signaled for the gold price in the coming years within this rising trend. A new strong technical buy signal for gold has recently been triggered after a breakout from a very large right-angled triangle consolidation formation (period 2011 - 2024, cf. chart). According to this long-term positive trend that the gold price is moving within, and has done since back to 2002, a further rise in the gold price is now being signaled in the years ahead. There is now little technical resistance to a further rise in the gold price, and the potential is all the way up to around USD 10,000 for the gold price in the next 6-8 years (cf. chart). Gold can therefore still prove to be a good investment in the coming years as well. In the very short picture now, the gold price is consolidating within a rectangle consolidation formation, and between a technical support level around USD 2,270.00 and a resistance level around USD 2,440.00. There is also significant technical support for the gold price now around the 50-day moving average, which is currently around USD 2,340.00. A break up from this consolidation formation, and above the USD 2,440 level will trigger new positive technical signals for the gold price, and where there will then be little technical resistance further up. In the event of a break down from the aforementioned consolidation formation, and below the short-term support level which is around USD 2,340, a test of the support level down towards the 200-day moving average, which is currently around USD 2,150, will be signalled.Longby StockCharts365Published 223
SILVER LOOKING BULLISHSilver looking bullish SYMMITRICAL TRIANGLE PATTERN MCX:SILVER1! by Mohitsoni08Published 0
BRIC(S) by BRIC(S) Supporting GoldGold (August) / Silver (September) Gold, yesterday’s close: Settled at 2365.5, down 34.2 Silver, yesterday’s close: Settled at 30.913, down 0.776 Gold and Silver were bludgeoned to start the week. One could argue they went too high, too fast during a holiday week. Although volume in Silver was nothing to write home about, volume in Gold on Friday hit the highest since the June roll on May 28th. Unfortunately, yesterday’s sell volume nearly matched this feat. One could also argue news that China did not add to its Gold reserves for the second month in a row was a sell trigger. However, price action largely held in the hours after the news broke, and India added 9 tons to its Gold reserves, the most in two years, topping the nearly 2 tons China added in April and the 5 tons it added in March. You have to go back to February, when China added 12 tons of Gold to its reserves to top India's purchases. In 2023, China added 225 tons to its Gold reserves, an average of 18.75 tons per month. We do believe that China is not done adding to its reserves, but the likely scenario is the PBOC is attempting not to drive prices while allowing other BRICS nations to accumulate at a faster rate. India increased its 2024 purchases by 32% in June. Fed Chair Powell visits Congress for his first of a two-day testimony at 9:00 am CT, before July CPI data is due Thursday. There is additional comments around that time from the Fed Vice Chair of Supervision Barr and Treasury Secretary Yellen, but most interesting is Fed Governor Bowman due at 12:30 pm CT. She is known as the most hawkish voice at the Fed and it begs the question, is she planned to balance a more dovish Fed Chair Powell? Certainly, we would believe comments from Powell hold more weight. While price action finds itself on the backfoot this week, traders can lean into strong seasonality in the month of July, and that price action has so far had a constructive response to Friday’s Nonfarm Payroll whipsaw low. This aligns to create rare major four-star support in Gold at 2353.1-2358.3 and a series of major three-star supports in Silver detailed below. Still, we must reduce our more Bullish Bias given that overnight price action failed at yesterday’s scene of the crime. Bias: Neutral/Bullish Resistance: 2374.8**, 2379.2-2381.8***, 2397.7-2401.5*** Pivot: 2371 Support: 2362.2-2365.5**, 2353.1-2358.3****, 2341.6-2343.7*** Silver (Sept) Resistance: 31.37-31.53***, 31.69-31.80***, 31.98** Pivot: 31.20-31.25 Support: 30.91-30.99***, 30.68-30.84***, 30.45-30.54***, 30.34**, 30.00-30.17**** Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: 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 www.tradingview.com *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.by Blue_Line_FuturesPublished 2
GC Long on Pullback to 2385Gold had a very nice couple of days last week to break out of the descending wedge. It has rejected off of the 2400 level twice now, but I see no change in news or market conditions that would affect it dramatically in the next 24 hours (though, you know, famous last words...) Gold loves to eat liquidity and then bounce. Currently there are large orders sitting at or just below 2385. I'm going to play a bounce off of this level to continue the pullback. Taking profit at 2394 (3:1 RR) because I'm not sure what it will do at the 2400 level again. Longby SkyIsCallingUpdated 1
XAU HTF Analysis Price action analysis. Gold and dollar will continue to range for the next couple of months. by iNtuNeFXMarketsPublished 221
#202428 - priceactiontds - weekly update - gold futures Good Evening and I hope you are well. tl;dr gold: Strong consecutive bull bars in a trading range but still a lower high. Once bulls break above 2406, market is free to go back above 2440 but I wait for confirmation. Bears not having good arguments here for reversing this. Only a strong 1h close below the 1h 20ema would raise the odds for the bears. Quote from last week: bull case: Bulls keeping it above support but can not print consecutive daily closes above the daily 20ema. Will probably see a breakout over the next 1-2 weeks. comment: Bulls got the breakout above and 2 good looking bull bars above the daily 20ema. Above 2407 we can expect bears to give up and a retest of 2460 or higher. Market is amazingly symmetrical. 3 tries to drop below 2300 and we are probably seeing the 3rd try at printing above 2477 over the next days. It’s a big trading range and I will long this above 2407 for 2460+ and will short this above 2460, once market turns around again. Maybe bulls can print a higher high or maybe they don’t, it does not matter since you wait for the clear reversal before shorting again. On the weekly and monthly tf market is having huge tails above the bars and market has not closed a monthly bar above 2350. After this retest of 2460/2500, I expect a deeper pullback to the low of this current bull wedge/channel 2250 and likely even deeper over the next 6-12 months down to the big bull trend line starting 2018, which would be around 2000. current market cycle: trading range until 2300 or 2407 is broken. If bulls break above, trading range is expanded again up to 2480 key levels: 2300 - 2480 bull case: Bulls are right below the previous high at 2406 and the move up is strong enough to give the odds here to the bulls. Market tried repeatedly to break below 2300 and could not do it, so bears giving up here and want to short higher for better value. Measured move from Thu/Fri would bring us exactly to 2465. Another reason for this up move is the weekly 20ema which is at 2310 and we missed it by a couple of points. Invalidation is below 2300. bear case: Bears failed 3 times at 2300 over the past 4 weeks and now want higher prices for better shorts, which means they are mostly giving up. They know that we are in a trading range for 3 months and the r:r for shorts above 2460 is much better than for the bulls. Bears need to keep the monthly closes below 2350 or risk attracting more bulls buying high. Invalidation is above 2510. outlook last week: “short term: Neutral. Play the triangle.” → Last Sunday we traded 2339 and now we are at 2397. Perfect outlook. short term: Neutral until break above 2407. Bullish above medium-long term: For now I think the most reasonable outlook I could give is a trading range 2200-2500. This could hold for some time. Bear in my still thinks this rally is moronic and we will see 2000 again this year but that’s as unreasonable of an outlook one could hold so don’t. —unchanged current swing trade: Will go long above 2407 and look for shorts above 2460. Chart update: Removed bear trend lines.by priceactiontdsPublished 0
Gold Bullish 6 Year OutlookPast chart history shows gold price went into a bear market from 1980 to early 2000's and again in 2011 to 2020. Currently, we are trading in the bull cycle which lasts on average 9 to 10 years. Analysts, projected a price of gold to hit 2500 by the end of this and we seem to be right on track. Price is trading inside of a bull flag where buyers and sellers are repositioning themselves. What will drive the price of gold higher by the end of this year? What about the year after that and so on? Looking back further on the weekly chart a cup and handle technical pattern is breaking out. Projected price of this breakout caps out at around 3010. Will be interesting to see if and how the price action of this commodity will reach 3k by 2030.Longby supertokki52Published 0
XAUUSD FUTURESGold as usual it plays with our senses. Here is my Elliot Wave Analysis. #XauUsd #gold #xauusd #GoldShortby boss190Published 10
GC/Gold 1H Buy Idea 6/15/24Price has broken the trendline and has now retested on the other side with a hammer forming as the market closed. Looking for price to continue bullish into next week. Keep in mind that price could very well break below the trendline again to form a M with the double top that is possibly forming as well. BUT I'm leaning more towards the buy because of price currently coming to the 1/4H Highs from 6/12/24 **This is for educational purposes only and this is not financial advice because I am not a financial advisor.**Longby cecediditUpdated 2
GC\Gold 1H Buy Idea 6/17/24Looking for GC/Gold to continue higher from here to at least the previous 1H Highs **This is for educational purposes only and this is not financial advice because I am not a financial advisor.**Longby cecediditUpdated 0
US Dollar Bearish So can the HOUSE GO LONG on GOLD now...?COMEX:GC1! 11 When I was a child, I talked like a child, I thought like a child, I reasoned like a child. When I became a man, I put the ways of childhood behind me. -1 Corinthians 13:11 4th of JULY Narrative I am creating on here on GOLD.... As the US Dollar continues to perform Bearish on the HTF's we could possibly catch a LONG Play on GOLD... I have given a well detailed video here on why I believe we could be going LONG!! ***In order for me to enter the Market LONG... I need to see the break and close above the 15m CHoCh level ($2370.5) with confirmed candle closures on the 30m TF N below.... This is the only way I'll enter the market LONG and targeting the unmitigated 4Hr indecision candle above.... 1) I'll keep close update as PA develops and we have more data to work with... Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Keep Steppn!! Stay Focused & Reach Excellence!! #BHM500K #NewERA #Champions Long06:12by TreyHighPwrUpdated 4
End of week for meIt was a rough week but we follow the trading plan. Although I have to be more patience and wait for a quality tradeby luisdruizfPublished 0
GC - Gold. 1hr MarketmetaSoon there will be explanation call outs above each candle that I'm referencing, its if/then statements to guide my thinking and will likely do more 5min private charts and less 15min ones. I'd like to speak to both day traders and investors so as I post these I'm noting how I can show off and adapted level -i.e. A daily level has a fractal pattern trail it leaves behind like notes to read for traders to know where in the ledger they are. We call this Range Finding or going down in timeframes. - to show off an adapted level I might make the line opacity less and paired with the notes later any reader will get the picture. the goal is to only mark the FS candles first - get to know them. recognize them and start talking to yourself in IF/THEN statements. If this FS has been tested , then the candle that tested it will have a FS candle to ladder off of either on the same timeframe or lower. If that candle holds, then... if not.. then... by StudyGuideTAPublished 2
gold spot or mcx update edu. pur.gold spot eys on 2365$ stya abv than looks 2374--85+++++ where support 2347$ blw will mkt dwn possible 2340-331@ now eveng big data ahead also so be cautions in mcx stya abv 72577 thna looks up side 72720--72900-++++++++ where support 72220@ only blw mkt will correct more in live session data time by kailashcfa33Published 0
Gold: One Last ClimbGold has slowed its newest upward move, but we assume the precious metal will not give up. Indeed, we expect it to realize even stronger (corrective) gains up into our turquoise Target Zone between $2510 and $2631 to finish the turquoise wave B. However, the turquoise wave alt.B could have already concluded below our Target Zone. In this 40% likely case, the price would fall directly below the support at $2285 (without reaching the Target Zone).Longby MarketIntelPublished 1
Will GC continue the consolidation? Long @ 2330GC has been consolidating for days. I have a long bias per my previous idea . Until that changes, I will continue to play the range with a long bias. Therefore, taking a long at 2330 with a stop below the recent lows (2327.4) at 2327.0. If we go below that I'll consider looking for a short down to a retest near 2300. Longby SkyIsCallingUpdated 2
Check my intraday Gold and Silver call....MARKET CRASHED todayTREND CHANGE---Gold and Silver DOWN today.... Gold August Futures....2368.05 range to 2345 2335 2325 in next few minutes..... Silver September Futures.....30.892 range to 30.150 29.750 29.500 in next few minutes.....Shortby sebihirengarasondiaPublished 5
MGC - Buy - 06/30/2024- What is the trend? • Bullish - 1H: Is price touching a key fib level (yellow)? (Gold is tricky so look for .382 and .786 levels too) • Yes - Does 1H supply/demand align with key fib level? • Yes - 1H: Is price above(bullish)/below(bearish) the 20 EMA, resisting the 20 EMA, or crossing the 20 EMA? • Yes ○ 1H: Is Volume at or above average (MA) at this time? • No - 1H: Is RSI pointing in trend direction or above(bullish)/below(bearish) the 50 line? • Yes Plus: - Is 1H supply/demand aligned with 4H OB/supply/demand area? • Yes • No - 15M: Is/has price touched 1H zone or fib level? • Yes - 15M: Is there RSI convergence/divergence? • Yes - 15M: Is price above(bullish)/below(bearish) the 20 EMA, resisting the 20 EMA, or crossing the 20 EMA? • Yes ○ 15M: Is Volume at or above average (MA) at this time? • Yes Longby That-Guy-CozyUpdated 0