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FGLD1! trade ideas

Is Gold Overdone? After an impressive rally which saw gold break through the $2,900/oz level for the first time, the market appears poised to blow off some steam. Key Points: - High on the daily RSI was set at the end of January and has been flashing divergence since then. - The RSI has been in a consolidation channel for the last few weeks but broke through to move lower this morning. The current RSI is sitting just below 50. - This morning, gold broke through the BB midpoint AND the lower trend channel. - Really bearish closing candle on the daily yesterday.
COMEX:GCH2025Short
by brethathaway
Gold vs UNI – Is UNI in the Early Stages of AccumulationThis comparison between Gold (MGC1!) and Uniswap (UNIUSDT) on the weekly timeframe suggests that UNI could be in Phase 1 of a buy program, similar to how gold accumulated before its major breakout. 📌 Key Observations in the Chart Comparison: PHASE 1: The Accumulation Zone (Green Highlighted Area) Gold went through a long accumulation period (2013–2017), trading in a sideways range before its parabolic impulse leg kicked in. UNI is currently in a similar consolidation phase, potentially in the early stages of accumulation. The monkey face + pointing emoji suggest a "stealth phase" where most retail traders remain unaware of the underlying accumulation. Old High & Market Structure Gold formed a major high, crashed, and accumulated before breaking out. UNI also reached an all-time high (~$44), crashed, and is now ranging in what looks like a potential accumulation phase. Similar structural formation suggests UNI could be following gold’s footsteps. Impulse Leg & Breakout Potential Gold’s first major breakout came after a long accumulation, followed by a massive impulse move (Phase 2). If UNI is mirroring gold, the next breakout could start the impulse leg leading to a retest of old highs and beyond. Standard Deviation Extensions (STDVN) – Potential Price Targets Gold reached 0.5 and 1 STDVN levels after its breakout, which became short-term targets before continuation. If UNI follows a similar trajectory, targets could be $44.77, $64.98, and eventually $85+ if the accumulation plays out. 🔮 What This Means for UNI? Early accumulation phase means the smart money is likely positioning. Price compression leads to expansion—UNI could be preparing for an explosive move. Similar to gold, UNI could break above accumulation and enter Phase 2, targeting 0.5 and 1 STDVN levels. If UNI truly follows gold’s structure, long-term price discovery is on the table. 🚨 Lord MEDZ Trading Perspective "Not financial advice, but let’s keep it real…" Gold showed the exact same pattern before making a historic move. UNI is mirroring the early accumulation phase. This is the shakeout before the breakout. Smart money is accumulating while retail panics. Patience = Wealth. Stay ahead of the crowd. 🚀 UNI could be setting up for something massive. 🚀
COMEX_MINI:MGC1!Long
by Skinwah
Ethereum vs. Gold Chart Comparison – Potential Explosive The comparison between Micro Gold Futures (MGC1!) and Ethereum (ETHUSDT) on the weekly timeframe suggests that Ethereum could be mirroring gold’s price structure before its parabolic breakout. Key Similarities Between Gold & Ethereum: Impulse Leg Formation 🔥 Both assets formed a strong impulse leg after a significant low. The Ethereum impulse leg started from the ~$1,530 low, pushing toward ~$4,000 before retracing into accumulation. Gold followed a similar pattern, forming a strong rally before consolidation. Accumulation Range Both charts show a clear accumulation phase after the impulse leg. Gold accumulated sideways for an extended period before exploding to the upside. Ethereum is currently within its accumulation range, suggesting that it could be preparing for a similar breakout. This is a shakeout phase designed to trap weak hands before the real move. Standard Deviation Extensions (STDVN) & Key Levels 🎯 Both charts use standard deviation extensions (STDVN) to project potential short-term targets. 0.5 STDVN & 1 STDVN levels are crucial areas where price could react. Gold blasted through these levels after breaking out of accumulation. If Ethereum follows suit, 5,288 (0.5 STDVN) and 6,605 (1 STDVN) could be in play. Previous Highs Acting as Support/Resistance Gold broke past its old high, retested, and surged. Ethereum is still hovering below its previous major high (~4,800). If Ethereum flips this level into support, it could send price into price discovery mode. What This Means for Ethereum 🚀 Gold already showed the path—Ethereum is lagging but setting up similarly. Volatility is part of the process—shakeouts happen before the breakout. Holding ETH through this phase could be crucial if history repeats itself. A breakout beyond the accumulation range could send ETH towards $5,200 - $6,600+ in the short term. Beyond 1 STDVN, ETH enters uncharted territory—an all-time high breakout could be explosive. Final Thoughts from Lord MEDZ 👑 Not financial advice, but I’m holding ETH through the chop. The last shakeout before an all-time high run is often the toughest. But the chart comparison is clear: Gold did it first. Ethereum could be next. 🔥 Patience. Conviction. Execution. 🔥
COMEX_MINI:MGC1!Long
by Skinwah
Aiming for Long Positions in Gold as Bullish Momentum Continues - Key Insights: Gold continues to demonstrate strong upward momentum driven by central bank demand and geopolitical anxiety. An anticipated rotation from tech to commodities, particularly gold, presents a favorable opportunity for investors. Positive sentiment suggests a continued bullish trend, with expert opinions indicating potential price targets near $3,000 or higher. - Price Targets: Next week targets for a long position are T1 at $2,980 and T2 at $3,050. Stop levels to consider are S1 at $2,850 and S2 at $2,800, ensuring strong support while maintaining a positive risk-to-reward ratio. - Recent Performance: Gold recently peaked at $2,910, affirming the bullish trend despite minor challenges for some traders. The market has shown resilience, and the overall sentiment remains largely optimistic amidst fluctuations. - Expert Analysis: Experts project further increases in gold prices, especially if interest rate cuts from the Federal Reserve materialize. Watchful investors are encouraged to view pullbacks as potential entry points into the market, with an outlook that remains bullish. - News Impact: Notable investments from the UAE in Zimbabwe’s gold sector illustrate the growing global dynamics favoring gold. Geopolitical tensions, tariff concerns, and a heightened demand for physical gold and gold-backed cryptocurrencies underscore gold's position as a reliable hedge against uncertainty and inflation.
COMEX:GC1!Long
by CrowdWisdomTrading
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