gold stya abv 58880 buy on dips tgt 59100 expectgold stya abv 58880 buy on dips tgt 59100 expect use sl 58770- looking spot abv 1921 till 1928--30Longby kailashcfa33Updated 7
✨3 Reasons Why You Should Buy Gold 📈Right now the real estate market is not doing fine so investors have to look for a place to park their -- hard-earned capital -- and gold is shining a light of hope for them -- here are 3 reasons why gold is a good buy for you Gold is a hedge against inflation Gold preserves its value Gold has no counterparty risk -- i love gold because you do not need margin to trade it -- Disclaimer: I am not a financial advisor, and the information provided here is for informational purposes only. -- Stock trading and investing involve risks, and past performance does not guarantee future results. -- It's important to conduct your own research and consult with a qualified financial advisor -- before making any investment decisions. Always be aware of the potential for loss, -- and consider your risk tolerance and investment goals before engaging -- in any trading activities. The content -- provided here does not constitute financial advice, and I do not -- take responsibility for any financial decisions made based on this information. -- Remember to rocket boost this content to learn moreLong04:53by lubosiPublished 112
Gold will fire on upside soonFor all trade on my Auto Harmonic patterns indicator trade setup - Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail our SL if trailing SL hit exit from long trade and initiate sell trade ,by JaiPrakashShuklaHarmonicTraderPublished 112
#Gold #XAUUSD Targeting Monthly Projected Range SupportIn this update we review the recent price action in the Gold futures contract and identify the next high probability trading opportunities and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS01:22by TickmillPublished 6
GOLD Day Trading Analysis With Volume ProfileOn GOLD is nice to see strong sell-off from the price 1941.5 , there are nice to see strong volume area.... Where is lot of contract accumulated... I thing that sellers from this area will be defend this short position... and when the price come back to this area, strong sellers will be push down the market again... S/R zone from the past + Downtrend + Strong volume area is my mainly reason for this short trade.... Happy trading Daleby Trader_DalePublished 8
sell godl blw58620 sl 689 tgt 520--377sell godl blw58620 sl 689 tgt 520--377 looking some dwn fall ahead of cpi dataShortby kailashcfa33Updated 1
Gold Possible ScenariosGold has been in a retracement and it could be deeper until reach a SPDA because of DXY. But if the price break the zone that is right now, then we could think that the price could go directly to Targets. On the right side we have the futures that make confluence with the Scenario. So we need to wait for the Time and Price to take decisions. by CryptoTreasureHunterUpdated 2
gold mcx update blwsell gold stya bwl 58900 looks dwn fall epxect tgt 58810--750--500++++ sell on rise must with tight sl at daily chart looking gold spot bw 1920 dwn side 1915--13 blw 1913 will see 1903$Shortby kailashcfa33Updated 1
Can Gold Break Out Of This Wedge?Last week, Gold showed some great strength and finished higher on the week after bouncing off some good trendline support, and this week we have seen the market selling off back towards the low of last week right near 1940. Gold is trading in this range now, and it seems the bears are in control for the time being as there is not a strong fundamental reason for the prices to go higher. There are several outside factors contributing to the downward pressure in Gold that we are seeing this week. For one, the dollar has had continued strength and has been trading significantly higher, putting pressure on the market. Also, there is a lack of momentum to the upside when we have seen moves higher, and there has been strong selling pressure from key resistance levels. So what does this mean for Gold, and where can we go from here...? Looking at the chart, December Gold is trading in this wedge, and the wedge is getting tighter, indicating we may see a breakout higher or lower. As we have been in this downtrend since the May highs, Gold would need to have a strong catalyst and to get us out above that trendline resistance, which also lines up with the .618 retracement level. With that said, we have held key support levels near 1940, and there is strong trendline support going back to December. If the market can hold above this trendline support, and we see the dollar come off its highs and treasury yields come back in, that could be what the market has been waiting for to bounce and have an upside breakout. 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 Ryan_GormanPublished 2
XAUUD (Gold) Ready for Upmove For all trade on my Auto Harmonic patterns indicator trade setup - Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail our SL if trailing SL hit exit from long trade and initiate sell trade ,by JaiPrakashShuklaHarmonicTraderPublished 3
GC up hello Friends , over a long time LoL , here we have a nice hunte to taste it COMEX:GC1! Longby Omar0khascnadar0Published 2
I would like your thaughtss it worth investing in gold in 2023-2024?: This idea argues that gold is worth investing in the long term due to its hedge against inflation, currency devaluation, and geopolitical risks. It also cites some fundamental factors that support the bullish outlook for gold, such as low interest rates, high debt levels, and rising demand.by BidAskMagnetPublished 2
GC - Gold short to the Center Line It's very nice to see how price reacted at the CL, then came back to the U-MLH. And again price got rejected at the U-MLH. The A/R line is broken and now price has a good chance to travel to the Center Line again. btw: This trader has the same idea, just using another technique: Great one, I really like this.Shortby Tr8dingN3rdUpdated 117
Is it worth investing in gold in 2023-2024?Is it worth investing in gold in 2023-2024? Gold rallied for the second week in a row to settle at around $1940 an ounce. The growth was fueled by expectations that the Federal Reserve would stop raising rates after signs that the US economy may be slowing. Released data showed moderate increases in PCE prices and a downward revision to Q2 GDP growth. US private companies also reduced hiring in August. Investors are now eagerly awaiting the upcoming US jobs report for more updates on the job market and the broader economic outlook. The speculation that the Fed may suspend its aggressive stimulus policies has sparked strong investor interest in diversified and safe assets. Gold is a complex asset that is subject to a variety of market factors. Gold prices can be influenced by many factors such as geopolitics, Chinese or Indian demand for the sector, and global economic conditions. A FOMC meeting will be held on September 20 to discuss possible interest rate hikes. Inflation data released on 10 August 2022 shows an inflation rate of 3.2%, slightly below expectations set at 3.3%, but higher than the previous reading. This represents an important topic of discussion before the FOMC makes its final decision. Most 2023 economic analysts believe that the Federal Reserve will not cut interest rates later this year, and that inflation will remain higher than in the first half of the year. “Graphic Inverse Correlation US Bond Yield 10 /GOLD” US gold bond CORRELATION I am not going to invest in gold right now. Given the current economic conditions, with rising rates and government bonds offering good yields, I doubt investors will decide to devote resources to the gold sector. Gold is also viewed as a safe haven asset, to be bought in times of financial stress when central banks are willing to print money to keep economies on the road to recovery. However, we are not currently in this situation and as we will discuss in the next articles I expect a sprint of the markets in the fourth quarter of the year. If you want to invest in gold, a more convenient strategy may be to buy shares of mining in the sector as an alternative to futures or an ETF. I always advise you to carefully evaluate this option before deciding. When studying stock prices, one of the most interesting is Newmont Goldcorp Corporation (NYSE:NEM), one of the world's leading gold producers with an excellent 4% dividend. If you buy at the right time, you can achieve a good return. My model suggests that gold will remain fairly stable over the next few quarters, around 1940 levels. A sideways phase like this is not very favorable for medium-term investments. The information and content provided on this site should not be considered as an invitation to invest in the financial markets. The Content is a personal opinion of Mr. Antonio Ferlito.by Antonio_FerlitoPublished 1
GC1: Buy ideaOn GC1 as you see on the chart we have the breakout with force the vwap and the ressitance line by a big green candle with a large green volume, so it's mean that we will have a big probability to have an uptrend. Thanks.Longby PAZINI19Published 4
Mcx gold on a breaking point. Mcx gold on a breaking point. If break n losed below 240,i'll go for huge short. Tgt been signed. Shortby ktra_commoditiesPublished 2
GOLD (GC1 Futures) - Pullback before further move downOn the weekly timeframe, GOLD (based on the futures chart) has formed a head and shoulders pattern. Taking the Fib points from the most recent weekly high to the most recent weekly low gives us a very clear shorting location. Keep in mind, the daily POC - standing for point of control - is bang on the 0.382 point of this recent move, however, keep in mind that there is potential for a wick to the 0.5 area as well. Fundamentally, countries - outside the US - seem as if they are going to be entering recessions in the coming months. Add in the uncertainty around China, there is some leeway for a short term reversal for gold. Some ideas I have : Go long now, either directly OR via buying call options. After this, look for an initial short entry at the 0.382 area, however, opt for buying put options at this zone. The target for this move is the yellow box designated on the chart. Remember, buying a call OR put option subjects you to paying the premium, however, there is NO RISK if the position goes against you. This is NOT the case however if you SELL either a call or a put option. Please remember, this is not financial advice. This is purely my opinion and my opinion only.Shortby Aaron_K_TradingUpdated 1110
Gold: New Month, New MarketGold futures have risen since mid-August, with $1900 on the downside and $1975 on the upside. The technical perspective shows momentum studies rising to overbought territories, indicating this may be the beginning of the next bull market. DMI + crossed back above DMI - and the 8-day moving average looks set to recapture the 34-day moving average. Weaker Economic data Weaker economic data such as Consumer Confidence, GDP, Jolts, and ADP have all recently supported the case that the Federal Reserve may be done raising rates. While Fed Chairman Jerome Powell remains hawkish, other Fed Members may begin pressuring the Chairman to take a softer market approach. China Attempts to Support its Economy Chinese Stimulus may also act as a tailwind for Gold after the PBOC continues attempting to support its economy by cutting reserve requirements on Foreign deposits. This allows citizens to remove excess reserves and purchase safe-haven assets such as Gold and other precious metals. 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.Longby Phil_Blue_LinePublished 1
support become resistance on correction SNRC1 setup this is idea of support become resistance selling pressure is higher than buying pressure Elliot wavem30 chart show that GOLD is on minor correction this is counter trend set up so I set RR just 1Shortby tofinsePublished 111
Mcx Gold Trend setting zoneGold is on d horizone to make or break. Currently on a verse of penetration zone where market depending on d current data to establish new trend Or following old one. Nfp data on focus. Mcx gold is currently above 61% fibbo n trying to sustain, if manage we might seen $1965-75 soon while if not then will drop below 1930-25 to 1900 n below. In mcx it will be 59800-60300 or above d on upside & 59100-58800 or below in downside. by ktra_commoditiesPublished 111
Gold8.31.23 Gold looks like it's going to trade a little bit lower so I framed it as a possible short trade. I'm looking for it to move to a support area... if I actually place this trade I would have a bracket order Using that Target. Why would I do that? When markets move down to a support the other side of me is looking for a long trade and for the market to make a new high. If I were watching the chart I might extend my stop and then watch for the market if it gets to that support area to see if the support is going to break down in my estimation and then I would try to hold the short position A little bit longer for a bigger reward. in other words I would need to take a look as it moves slower before I would commit to a larger Target..... and I'm not that optimistic that the Market's going to move a lot lower. This is definitely a scalping Mentality.07:54by ScottBogatinPublished 9