GC - Taking long positionI am taking out long GC here at 2660, knowing the fact that it may go down to 2651 before going higher... I will be holding this as a swing position..Longby BlueSecPublished 0
September 27th Gold and Silver Market UpdateQuick Update, As we finish up the month of September and step into October, the US presidential election is right around the corner for November 1. I believe this will create some market volatility upon election results, and any drama following the event that we are likely to see. Gold and Silver look like they may be starting to consolidate here. After a rejection this week for gold at the local 2.618 fib, and some negative divergence on the 4hr chart, and a somewhat overextended short term price run, it seems gold may cool off this coming month. I am targeting $2,550. For silver, since it tracks with gold (usually in a more aggressive way), there will also likely be some consolidation. I am expecting silver to get back down around $26.50. So, if things are consolidating prior to the election, it's likely we see a counter move following the results. So there may be some opportunity to play that move. Specifically for silver, I'm thinking a potential 10-20% pop from wherever it consolidates to this following month. You could trade physical bullion or trade the paper, up to you. Leave a comment below with your thoughts. - Micahby micahjmillerPublished 0
Modern Day Gold RushWe have an extended trend on Gold right now. When will a deep pullback take place? Let's take a closer look and see... 4 hour trend is extended, and the 1-hour trend has just been recalculated. We are expecting the 1-hour trend to continue down to a level of demand located near the 100 SMA on the 4 hour chart. Once we hit demand, then start looking for reversal patterns on the 15 min chart. We should start seeing TrendCloud signals fire off when all 3 timeframes line up. For more info on this strategy. Check out the link in my bio. Don't miss out on the gold rush! by thechrisjulianoPublished 0
Gold (GC) Falling Wedge 1h- Falling wedge with fib extensions up to price targets of 2697 and 2730 - SL would be breakdown of wedge and failure to reestablishLongby Eclipse_TradingUpdated 0
GC - short entryI am looking to take short entry on GC at around 2699-2700 level. Volume has dried up, and I would like to see a nice push up to the level.Shortby BlueSecPublished 0
Gold FutureWe have a major uptrend, then above the trendline we have a sweep of liquidity, a change of character and engineered liquidity. Hoping for a retracement down to the deep fib levels to take out the internal engineered liquidity. Tight stop, good R:R.Longby sgsummersPublished 0
GC - possible short during asian sessionDuring the Asian/European session, there is a possibility of price spiking higher to 2695-96 for a short opportunity. Also it may only go up to 2688, and then fall!!! I usually don't trade during the Asian session, as most of the time price doesn't respect the levels and there is not enough movements... Be careful there !! Watch for a spike up between 8pm and 9pm CST... I may take a long term swing position..Shortby BlueSecPublished 0
2024-09-24 - priceactiontds - daily update - goldGood Evening and I hope you are well. tl;dr Gold - Bull channel from my weekly update was not steep enough. 2700 next. Only look for longs. Can’t stop, won’t stop. comment: Gold broke above my drawn patterns, again. Unreal strength but not unexpected. In my weekly I wrote you should only look for longs. How high can this get? 2700 is almost a given at this point and big round numbers are always decent for a pullback or some stalling. Any long would need a stop 2645 as of now. Can wait for pullbacks to long this. last 10 days has 1 bear bar. Don’t try to be smarter than the market and short it. Although it’s becoming climactic and a pullback is expected, it can go further, so don’t pick tops. current market cycle: bull trend key levels: 2645 - 2700 bull case: Bulls in full control. New low would be below 2645 and that’s far away. I look for pullbacks near ema to long it. Invalidation is below 2540. bear case: Bears want a pullback but will probably have to wait for 2700 now. Best they currently get is to stall the market and make it go sideways. I expect this around 2700 next. There is absolutely no reason to look for shorts on this. Invalidation is above 2710. short term: Max bullishness. medium-long term: Very strong breakout above, again. Market currently has no ceiling. Most likely 2700 next and I do think 3000 could be a potential target if we continue. There is certainly an argument for a measured move based on the bull rally from 2018-08 to 2020-08. current swing trade: None trade of the day: Buying 2650. There were 4 chances where market clearly showed support around that price. Don’t long the first touch of such levels but above the second is good. Longby priceactiontdsPublished 0
GC - short opportunityNice spike to the upside. I am short GC at 2678. This is what was needed to bring the price down.. I will try to hold this for next day or two.Shortby BlueSecPublished 0
Gold - Looking for a short at 2662Nice spike up to the level. I am looking to go short at 2662 with the SL just above the previous high.Shortby BlueSecUpdated 110
Gold - longsI missed the short entry during the last night spike to 2664!! As mentioned in my previous Idea, Gold chart has started showing signs of reversal, and it may play out in next day or two. In the meanwhile, I am also looking for a short term longs at around 2632-2633 area.Longby BlueSecPublished 220
GC - looking for a possible sell entryI am seeing some of the early breakdown started, but in very early stage and it might take couple of days to play out. I am very much interested interested in selling the GC at around 2665 to 2670 area. There is a chance it may spike up during European or early US session tomorrow. On the downside, 2632 area is a strong support and may hold up and bounce before price going down to 2610 area.Shortby BlueSecPublished 0
#202439 - priceactiontds - weekly update - goldGood Evening and I hope you are well. tl;dr gold: Bulls got a clean breakout but they need follow through on Monday/Tuesday. The current channel fit’s nicely but we only know market is respecting it when we see a pullback. If this breakout is strong, bulls would not let the market fall below 2600 again. A weaker trend would pull back to the daily ema around 2600 before continuing. As long as we hold above the daily ema there is a very good chance we will see 2700 next. Small chance this trend is accelerating and breaking above the drawn channel and we would see 3 strong legs up which could lead to 2800. Quote from last week: comment: Finally the breakout above and the 2600 print. All bullish targets are now met for me so no interest in buying this high. I think the odds that bulls break above the wedge and start a new bull rally are very low and much more likely is a trap over the next 1-5 days and then a reversal down to at least 2540. That’s all I have to write about this right now. comment: I always think about wrong outlooks much more than about right ones. In this case, was the “no interest in buying this high“ the right call here and I would come to a yes in every scenario. Of course it was wrong and market made another 50 points but risk reward was so off, not taking it was the right move for me. Anyhow. Bulls confirmed another bullish structure and we have a bull wedge inside a very bullish channel upwards. current market cycle: Bull trend key levels: 2570 - 2700 bull case : Bulls had the fastest and most shallow two legged pullback there is on Tuesday/Wednesday and continued with max bullishness for 2650. By now every bear has given up and we will truly find out how high this can go over the next months. As of now my preferred pattern is the bull channel and since we are at the highs, bulls would need another strong bar like Friday to break above it. Can they get it? Absolutely. Am I betting on it? No. Invalidation is below 2570. bear case: No idea where and how strong they come around. Will most likely be more bulls taking profits rather than strong selling. Lower bull trend line is 50 points lower and I doubt we hit it on Monday. Buying 2640 is a bad trade and bears know it but I rather wait and see where we go. On the 1h tf we have not traded below it since Thursday’s Globex session. Currently very hard for bears to make money so make your life easier and look for longs. Invalidation is above 2660. outlook last week: short term: Neutral. I need to see bear strength before selling this. No interest in longs above 2600. → Last Sunday we traded 2610 and now we are at 2646. Meh outlook because bulls were much stronger and broke above again but I also advised against shorts until bears come around. They did not. short term: Neutral. I won’t be buying 2646. Need a pullback. medium-long term: Very strong breakout above, again. Market currently has no ceiling. Most likely 2700 next and I do think 3000 could be a potential target if we continue. There is certainly an argument for a measured move based on the bull rally from 2018-08 to 2020-08. current swing trade: None. chart update: Added bull wedge.Longby priceactiontdsPublished 0
Gold vs Oil RatioGold vs Oil Ratio. Along with the simple Gold graph to highlight what drives this ratio change.by TradingviewMPublished 0
GC! TO THE MOON Price Trend Gold futures (GC1!) are currently showing a strong upward trend. The chart indicates that the price has formed a clear upward channel since the end of 2022, and has recently broken through the upper boundary of this channel, demonstrating even stronger upward momentum. Key Data Current price: $2,646.2 per ounce Change: +35.5 (+1.36%) Trading volume: 893,122 contracts Technical Analysis Trend: The long-term trend is clearly upward, with short-term acceleration in price increases. Support and Resistance: Major support is at the lower boundary of the ascending channel, around $2,400. The current price has broken through previous highs, with no obvious resistance at the moment. Volume: Recent trading volume has remained at relatively high levels, supporting the price increase. Seasonality: According to the seasonal data at the bottom of the chart, September is typically a weaker month for gold performance, but this year has shown exceptionally strong performance. Market Sentiment There is currently strong demand for gold in the market, possibly influenced by global economic uncertainties and inflation concerns. Risk Warning Although the current trend is strong, the price is at historical highs, posing a risk of correction. Investors should closely monitor changes in the global economic and geopolitical situation. Summary Gold futures are currently in a strong uptrend, with the breakthrough of key resistance levels indicating strong bullish sentiment in the market. However, considering that prices are at high levels, investors should remain cautious when making trading decisions and set appropriate stop-losses.Longby curtischangTWPublished 0
Sell Russell and Gold tomorrowTomorrow I will be looking for shorts if everything went like expected. Setups are explained in detail in the video #trading #goldtradingShort05:51by MoemenAwadallaPublished 1
Gold ZonesI have no zone, between the green and yellow, but there is a price level to be aware of.09:28by MoneyDuck_ButchPublished 0
GC1: Sell ideaSell idea on GC1 as you can see on the chart because we have the breakout with force the support line and the vwap indicator....Shortby PAZINI19Published 7
2024-09-18 - priceactiontds - daily update - goldGood Evening and I hope you are well. tl;dr Gold - Bull trap above the bull wedge as I wrote. Bears confirmed it with the close today. I look for shorts tomorrow and expect 2560 or lower to be hit tomorrow. Anything below 2540 would be a huge surprise and we could see an acceleration down to 2500. If bulls reverse this and trade back above 2610, bears will most likely give up until we hit 2700. comment: Another spike and new ath but huge rejection. I do think the rejection was strong enough to expect follow through and test the lower bull wedge trend line around 2550/2560. current market cycle: bull trend key levels: 2550 - 2630 bull case: Bulls tried to break above the bull wedge and failed. Odds now favor a retest of the lower trend line (daily ema is also there), where I expect buyers to step in more strongly again. If bears somehow fumble this again, bulls would need a reversal of the huge 1h bar and get back above 2600. The longer bulls can stay around 2600, the better. Invalidation is below 2540. bear case: Bears want to keep the momentum strong tomorrow (after the 50+ point rejection from the new ath) and test down to 2550. If they somehow manage to break below 2540, we could see an acceleration down to 2500/2520 but I highly doubt that. Since we had a spike up and then a huge spike down, the dominant pattern is still the bull wedge and there is not much more magic to it than what I described. Bears absolutely need to keep it below 2600 to have a chance of lower prices. Invalidation is above 2605. short term: Neutral until bears get follow through below 2570 or 2600 is clear resistance now. medium-long term: 7 consecutive months where Gold barely went below previous month’s low. Strong buying on the monthly chart but also the third push up we are currently in. I highly doubt bulls get another one so if it continues, it’s without me. I am waiting for a bigger correction. current swing trade: None trade of the day: How could you predict those spikes today? You can’t. How can you trade them? Only viable could have been shorting the spike above 2620 but those are hard to take. You would need a wide stop and scale in. One time you short it correctly and make the trade of the week and next time you blow your account if you are not humble enough. Today was no obvious good trade to be honest.by priceactiontdsPublished 2
Gold to 2530From what we saw during the FOMC meeting I predict to see the price of Gold more lower than the Monthly opening;Shortby RanoTradingPublished 0
GC Short 09/18/24Selling inside of the previous day premium area. Looking to take out 11am sell side liquidity. Price already showing signs of weakness and looking to trap impatient sellers. Shortby mwcshyPublished 2
SPY/QQQ Plan Your Trade Update For 9-17 : Wednesday is CriticalIf you were paying attention to my SPY Cycle Patterns today - boy, a beautiful "top" pattern setup today. Just like my SPY Cycle Patterns predicted more than 3 years ago. If you've been following my research, you already know I've identified dual excess Phase Peak patterns that should resolve into a rollover topping pattern, sending the SPY/QQQ moving downward towards the end of this week (Sept 19-20). If the current Ultimate High price level continues to act as resistance, there is a real potential for the SPY/QQQ to move into a downward momentum breakdown the following week (Sept 23-30). But, the one thing that throws the whole topping pattern into a mess is that the RSP has already broken to new ATHs and appears to be attempting to hold above the previous high-price fractals. Thus, we are seeing the equal-weighted S&P already moving into a broad value-based rally phase. Watch this video to understand why I continue to suggest traders avoid engaging in any big trades or get greedy, thinking they are going to WIN BIG on their trades. Yes, I'm sure some people will hit their targets over the next 3-7+ days, but others will get run over (hard). Unless you really like taking the risk of getting run over by the markets or market makers, I suggest sitting back and reading a good book while the markets or traders struggle to find their exits. One thing is certain: the markets will move into a trend by the end of September—either into a breakaway rally phase or into a rollover topping phase. You'll have lots of time to position for these trends because my research shows the next cycle phase is October 7-10 (nearly two+ weeks away). So, why stress out about tomorrow's Fed Rate decision? Just sit back and wait for the markets to give you a clearer understanding of what's next. I'll create another morning video tomorrow morning. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Short18:53by BradMathenyPublished 228
GOLD FUTURES MCX ANALYSIS ( LOOKING BULLISH )Gold futures looks bullish and we can expect levels upto 82300 once it crosses 76100 in near term ( By 30th November ).levels are marked in chart posted. Before we witness breakout of 76100 view is cautious and one should remain bullish with buy on dips strategy .Longby IshanMathur05Published 2