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GD1! trade ideas

COT Strategy - Gold ShortDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence. COT Strategy SHORT Gold (GC) My COT strategy has me on alert for short trades in GC if we get a confirmed bearish change of trend on the Daily timeframe. COT Commercial Index: Sell Signal Valuation: Overvalued vs Treasuries Extreme Positioning: Commercials most short they have been in last 3 years = bearish. Only thing that would be better is SS's making an extreme in long positioning, but no luck with that yet (but something I'm watching). OI Analysis: OI has been increasing on up move since June. When OI increases, we need to ask "who caused the OI increase"? When it is caused by Large Specs & Small Specs, it is bearish. In the case of Gold, it is being caused by LS & SS's, which is bearish. Spread: Bearishly diverging. ADX: Diverging, implying the trend lacks integrity. Supplementary Indicators: Acc/Dis , %R, Stochastic & Momentum (not yet triggered) Remember, this is not a "Short Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the downside, which we will participate in with a confirmed Daily trend change to the downside. Good luck & good trading.
COMEX:GCZ2024Short
by Tradius_Trades
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.
COMEX:GC1!Long
by curtischangTW
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.
COMEX_MINI:MGC1!
by priceactiontds
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
COMEX:GC1!Short
by BradMatheny
2
2024-09-12 - priceactiontds - daily update - goldGood Evening and I hope you are well. tl;dr Gold - There it is. Another break above, which was expected more than bears breaking below 2500. Bulls want 2600 and I expect more profit taking and more sideways movement at that level. No interest in selling it. gold comment: New ath, which I have been writing about for many weeks now on the premise that as long as bears could not even break below 2500, there was no alternative to being bullish. The breakout was a matter of when and not if. Market refused to close below the daily ema for 5 days despite touching it 4 times. That’s strong bulls scaling into longs. What’s next? We are at the top of the bull channel and every time market made a new high, bulls took bigger profits. Will this time be different? I doubt it. Can bulls break above the bull channel for much higher prices? Doubt that too. Will look for weakness and scalp some shorts tomorrow. current market cycle: bull trend key levels: 2500 - 2600 bull case: Bulls want 2600 and somewhat above to run stops. Nothing unexpected. I highly doubt that have bigger interest in printing much higher than 2600, given the previous sell offs after new ath. 15m 20ema was not touched on the whole move up, so look for longs once we get there before we hit 2600. Invalidation is below 2550. bear case: Bears gave up above 2560 and I can’t see them coming around big time below 2600 so don’t waste energy on looking for shorts until it’s clear that bulls have no interest in buying anymore. Bears need a break of the 15m and 1h ema to begin with. Invalidation is above 2610. short term: Bullish for 2600 and then only interested in shorts again. medium-long term: Will update on the weekend. Bulls are clearly much stronger than most expected. Market refuses to go down. current swing trade: None trade of the day : If in doubt, zoom out. 1h chart showed only strength since Globex. Buy anywhere and make money.
COMEX_MINI:MGC1!Long
by priceactiontds
SPY/QQQ Plan Your Trade Update : GOLD Breakout WINNERGetting through my morning with phone calls and coding - I took a break to check on the markets and what did I see? A huge breakout rally in GOLD. This huge move higher (+$40) is a massive win for those who followed my Plan You Trade Videos. I've been saying any price move above $2565-$2575 would be a gift and traders should attempt to BOOK PROFITS as Gold moves above these levels. I warned not to hold positions above $2585-2593. In fact, I'm expecting a bit of a metals flash-crash event to take place near mid-October. But, today is a winner day for gold traders. A HUGE WINNER day. I'm so happy to hear from all of you about your success with my Plan Your Trade videos. This is what it is all about - help you become a more skilled trader. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
COMEX:GC1!Long
by BradMatheny
NEW LOW.....before todays closing Gold and Silver....CRASHED G+SAfter US open.....Gold and Silver.....Intraday Call........ Operator start works........-02.00% down....In few minutes..... Gold and Silver CRASHED....in next few hourssssss........ Gold......DEC Futures......2580.30 to 2530 2520 2510 in next few minutes.... Gold......XAUUSD......2551.70 to 2510 2500 2490 in next few minutes.... Silver......DEC Futures......29.712 to 28.800 28.600 28.200 in next few minutes.... Silver......XAGUSD......29.388 to 28.500 28.300 28.000 in next few minutes.... SEBI REGISTERED RESEARCH ANALYST......
COMEX:GC1!Short
by sebihirengarasondia
Gold 2,538$, Sept 24'. Sharp Decline follows ContinuationHello Traders. This is my analysis of Gold for the medium term. We have CPI forecasted to decrease tomorrow and IR anticipated to be cut next week. We may observe heavy volatility and opportunity in the market. CPI Consumer Prices have been decreasing /cooling all summer 24' Labor Market began strong but has progressively cooled though Summer 24' Additionally, the Labor market began relatively strong through Q1 and Q2 24' but has eased into Q3 Interest Rates have remained the same through the summer 24' and remain unchanged since Sept 23'
COMEX:GC1!Short
by ShrewdCatfx
1