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GOLDPETAL1! trade ideas

Thai Baht Gold has reversed its position to downsideThis aligns with my anticipation of a price retracement from 33,440 . Presently, the bearish trend appears robust, necessitating patience until the price establishes a support level in the vicinity of 33,070/90 for a suitable entry point for buying. Additionally, I'm looking for the price to construct and fulfill an ABCD pattern , meeting my criteria for initiating a position in Thai Baht Gold when it demonstrates strength.
TFEX:GF101!
by mnbarlas-fx
Gold started upside move On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:GOLD1!
by JaiPrakashShuklaHarmonicTrader
2
GOLD, Major Volatility-Indications, Open-Interest Market!Hello There! Welcome to my new analysis about GOLD on several timeframe perspectives. Gold has shown up with an decisive pullback since the highs in May 2023, with this dynamic further assumptions on the direction of GOLD are important. In the recent times expectations for declining CPI- and PPI numbers offer a more positive outlook on a more middle-to-long-term-perspective for assets like gold. Also rising war and economic risks established since March 2022 increased the overall institutional and state treasury open interest in gold and marked the increased volume that established the protracted momentum wave. Nonetheless on the short-term rising bond prices can trigger a next corrective wave and the technical perspective is indicating a main descending-channel in which is gold just recently completed a local bear-flag to determine further continuations into the wave-count direction to the downside to form the wave C of the main wave-count. It will be important how gold then moves into the final targets at 1800 because in this case such a formation can also invalidate when the bearish momentum is really high. On the weekly timeframe perspectives it has to be pointed out that gold already emerged with a strong bullish momentum wave which is backed by institutional open interest and offering a strong origin of the bull-flag to actually complete. With the open interest increasing further and gold continuing with a stabilization within the flag-formation a breakout of the bull-flag gets more likely from where the target-zones can be projected pointing out to the 2400 level as a target. It will be important how the market develops within the next times especially with Gold moving into the bear-flag targets zones within the flag-formation and how the momentum develops in this case to consider further dynamics. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
COMEX:GC1!
by VincePrince
19
Gold. Bobby's homework assignmentSeptember 27th. Sometimes even in your favorite markets there are times when a trade decision is very difficult and you will know when this happens because what you're looking at isn't clear for you to decipher to make a trade decision. Even if you have a good trading system that you've worked out over a period of time....there are times when it's hard to make a decision...and that's when you're going to start making mistakes Lose money on impulse decisions without clarity. Even if you have good trading tools and use them in a discipline manner... there can be conflicts that you can be aware of... which is better than not knowing at all why it doesn't feel right... but these are times when you can make dangerous decisions. There's one thing I know for certain regarding the markets>>> some trades are much easier to identify and will give you much easier decisions.... so take those trades. If you miss a good trade then go back and review the setup to see how you could have recent through your decision more productively. Everybody who trades has losing trades, completely missed a good opportunity. But this is not what loses money... it's the impulse trading to take a chance when the market's not clear to you that will lose the most money.... and the process means that you're willing to take a trade on impulse without reconciling why you are willing to take a trade without having a clear reason. Every trade has a risk but you want to take trades that you think gives you an edge and you're not going to have a good edge if you don't know how to read the market.... and you will still have losing trades with a good system... but you have to develop your edge to minimize this and it's a very least... don't take a trade when it's based on flipping a coin. There are exceptions... I would consider taking a trade with a lower probability, but the reward is so significant and the stop is so small, I may be willing to take that trade ...But that is completely different than taking a trade on a whim with no significant thought.
COMEX:GC1!
by ScottBogatin
Gold LongExpecting gold price (xau/usd) quadruple in ten years. I estimate at least 6500usd. This estimate is for current economic conditions of the world. No one knows what will happen in ten years. Biggest problem with gold price is people buying gold virtually over banks etc., when people start to buy gold physically, it will skyrocket beyond my estimation. They are currently trying to make sure people don't buy physical gold. They say everything good in the world and economy. We will see how that plays out.
COMEX:GC1!Long
by f424242
Debunking Myths: Gold's Ineffectiveness as an Inflation Hedge Gold has long been considered a safe haven during times of economic uncertainty, but its reputation as an inflation hedge is questionable at best. While it is true that gold has historically shown some correlation to inflation, this relationship is far from foolproof. In reality, there are several reasons why gold's performance as an inflation hedge falls short: 1. Limited Utility: Unlike other commodities, gold lacks practical use in various industries. Its value primarily relies on its scarcity and desirability as a precious metal. Consequently, gold's price is influenced by factors beyond inflation, such as geopolitical tensions, investor sentiment, and currency fluctuations. 2. Inconsistent Correlation: Over the past few decades, the correlation between gold prices and inflation has proven to be erratic. During certain periods, gold has indeed demonstrated a positive correlation with inflation, but there have been instances where the relationship has weakened or even reversed. This unpredictability undermines gold's reliability as a long-term inflation hedge. 3. Opportunity Cost: Investing in gold often comes at the expense of other potentially more lucrative assets. While gold may provide some degree of protection against inflation, alternative investments such as real estate, stocks, or even certain commodities have historically outperformed gold in terms of returns. Ignoring these opportunities could hinder your portfolio's growth potential. Considering these factors, it is prudent for traders like us to explore alternative assets that offer better performance as inflation hedges. Diversifying our portfolios with assets that have a stronger historical correlation to inflation can help mitigate risk and potentially enhance returns. Some potential alternatives worth considering include: 1. Real Estate: Historically, real estate has shown a strong correlation with inflation, making it an attractive long-term investment. Additionally, rental income from properties can provide a steady cash flow stream, further bolstering its appeal. 2. Stocks: Certain sectors, such as consumer staples, utilities, and energy, have historically performed well during inflationary periods. Investing in stocks of companies within these sectors can offer a more direct hedge against inflation. 3. Commodities: While gold may not be the ideal inflation hedge, other commodities like oil, natural gas, and agricultural products have displayed a stronger correlation with inflation. Exploring these commodities can provide a more reliable hedge against rising prices. In conclusion, it is essential to challenge the prevailing belief that gold is a foolproof inflation hedge. By considering alternative assets that have historically demonstrated better performance, we can position ourselves for greater potential gains while managing risk effectively. As traders, it is our responsibility to question established norms and seek out opportunities that align with our investment objectives. I encourage you to explore these alternative assets and assess their potential for better performance as inflation hedges. Together, let's navigate the ever-changing trading landscape and make informed decisions for our portfolios.
COMEX:GC1!
by bryandowningqln
GOLD Dec Futures Bearish Triangle Pattern TrendFollowing the low of 1939.6 on 29th June, Gold rallied strongly to 2029.3 on 20th July. The price capitulated, reaching 1914.1 on 21st Aug, then rebounded to 1980.4 on 1st Sept. Despite coming close on 20th Sept in the lead up to the FOMC meeting Gold did not overcome to the1st Sept high and instead has recommenced another retreat. The Bearish Triangle Pattern remains in place. Watch for pattern breakouts as a signal of trend reversal.
COMEX:GCZ2023Short
by GringoStarr
Gold Futures / GDC / XAUUSD / ETF - GDX - BearishTVC:GOLD ACTIVTRADES:GOLD NYSE:GOLD AMEX:GDX COMEX:GC1! As per my previous post on Gold, the current price action is creating and symmetrical triangle on the daily chart and as we can see PA rejected off from the .786% retracement. With daily rejecting off 1968 levels confirms there is more downside remaining and the break of below triangle trendline will open up targets of 1894 and 1834. According to Elliot Wave, we completed 5 waves in May 2023 and currently the PA is printing an ABC Zig-Zag pattern. RSI : Below 40 will trigger more shorts. MACD : Is still below 0, suggests bearishness. Candlestick Chart: If price action breaks 1947, next target for TP is 1934 and 1924. On candlesticks we have two patterns - 1) Bearish Harami 2) Evening Star doji. According to my trend analysis indicator, we are trending sideways between 1919 and 1974 levels. My previous posted Ideas on Gold. OANDA:XAUUSD FOREXCOM:XAUUSD COMEX:GC1! AMEX:GDX
COMEX:GC1!Short
by Aman_FX
Silver is likely to go higherThis is September 20th 7:59 am. I think this video goes hand in hand with a previous video on the ES. It doesn't matter if you trade or don't trade either one of those markets... it's about how you visualize the market and make distinctions that are up to you not your computer program. The patterns are pervasive and in every market and your understanding and recognition of those patterns makes it easier to take a trade and more likely that you'll be profitable. And for kicks I threw in the gold market which is more of a ranging market now then the silver... and that distinction if you recognize it can really help you assess that market. my fervent hope is that bobby studies these two videos and yesterday's videos because the plan is to have him articulate in his words the distinctions that we talked about the last two days because it may help him when he trades for the rest of his life. You just can't read it and say oh yeah I get it.... you have to draw the lines and you have to articulate it in sentences and then look for markets that look similar. He will find that they are everywhere and that they are easy to see once he knows what to look for.... and this kind of observation is different than the extensions and the retracements and the ABCD patterns and other patterns that we look at and it should give him some clarity as a trader.
COMEX:GC1!
by ScottBogatin
2