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GDF1! trade ideas

Gold Bullish 6 Year OutlookPast chart history shows gold price went into a bear market from 1980 to early 2000's and again in 2011 to 2020. Currently, we are trading in the bull cycle which lasts on average 9 to 10 years. Analysts, projected a price of gold to hit 2500 by the end of this and we seem to be right on track. Price is trading inside of a bull flag where buyers and sellers are repositioning themselves. What will drive the price of gold higher by the end of this year? What about the year after that and so on? Looking back further on the weekly chart a cup and handle technical pattern is breaking out. Projected price of this breakout caps out at around 3010. Will be interesting to see if and how the price action of this commodity will reach 3k by 2030.
COMEX:GC1!Long
by supertokki52
GC/Gold 1H Buy Idea 6/15/24Price has broken the trendline and has now retested on the other side with a hammer forming as the market closed. Looking for price to continue bullish into next week. Keep in mind that price could very well break below the trendline again to form a M with the double top that is possibly forming as well. BUT I'm leaning more towards the buy because of price currently coming to the 1/4H Highs from 6/12/24 **This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
COMEX:GC1!Long
by cecedidit
US Dollar Bearish So can the HOUSE GO LONG on GOLD now...?COMEX:GC1! 11 When I was a child, I talked like a child, I thought like a child, I reasoned like a child. When I became a man, I put the ways of childhood behind me. -1 Corinthians 13:11 4th of JULY Narrative I am creating on here on GOLD.... As the US Dollar continues to perform Bearish on the HTF's we could possibly catch a LONG Play on GOLD... I have given a well detailed video here on why I believe we could be going LONG!! ***In order for me to enter the Market LONG... I need to see the break and close above the 15m CHoCh level ($2370.5) with confirmed candle closures on the 30m TF N below.... This is the only way I'll enter the market LONG and targeting the unmitigated 4Hr indecision candle above.... 1) I'll keep close update as PA develops and we have more data to work with... Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Keep Steppn!! Stay Focused & Reach Excellence!! #BHM500K #NewERA #Champions
COMEX:GC1!Long
by TreyHighPwr
GC - Gold. 1hr MarketmetaSoon there will be explanation call outs above each candle that I'm referencing, its if/then statements to guide my thinking and will likely do more 5min private charts and less 15min ones. I'd like to speak to both day traders and investors so as I post these I'm noting how I can show off and adapted level -i.e. A daily level has a fractal pattern trail it leaves behind like notes to read for traders to know where in the ledger they are. We call this Range Finding or going down in timeframes. - to show off an adapted level I might make the line opacity less and paired with the notes later any reader will get the picture. the goal is to only mark the FS candles first - get to know them. recognize them and start talking to yourself in IF/THEN statements. If this FS has been tested , then the candle that tested it will have a FS candle to ladder off of either on the same timeframe or lower. If that candle holds, then... if not.. then...
COMEX_MINI:MGC1!
by StudyGuideTA
MGC - Buy - 06/30/2024- What is the trend? • Bullish - 1H: Is price touching a key fib level (yellow)? (Gold is tricky so look for .382 and .786 levels too) • Yes - Does 1H supply/demand align with key fib level? • Yes - 1H: Is price above(bullish)/below(bearish) the 20 EMA, resisting the 20 EMA, or crossing the 20 EMA? • Yes ○ 1H: Is Volume at or above average (MA) at this time? • No - 1H: Is RSI pointing in trend direction or above(bullish)/below(bearish) the 50 line? • Yes Plus: - Is 1H supply/demand aligned with 4H OB/supply/demand area? • Yes • No - 15M: Is/has price touched 1H zone or fib level? • Yes - 15M: Is there RSI convergence/divergence? • Yes - 15M: Is price above(bullish)/below(bearish) the 20 EMA, resisting the 20 EMA, or crossing the 20 EMA? • Yes ○ 15M: Is Volume at or above average (MA) at this time? • Yes
COMEX_MINI:MGC1!Long
by That-Guy-Cozy
Can the HOUSE CAPITALIZE LONG TARGETING 4HR Swing EQ Level...?COMEX:GC1! "The One Most Adaptable to Change is the One that Survives." -Charles Darwin Gold is currently trading inside of this 4Hr Swing Range in a Correction State on the 4Hr as price is slowly but surely starting to switch Overall bearish on the HTF's... Now the 4Hr Swing EQ has been playing a big role for sellers who keep selling price lower with multiple attempts however; have not been successful in breaking past the HUGE Daily Demand Zone below. Also at this price level ($2304.0) We have created EQL's... Indicating strong support Level inside the HTF Daily Demand Zone for buyers! 1) Now lets drop down to the LTF 15m TF and we can see how price is currently trading inside this HTF 4Hr Demand zone and I believe this Demand will hold for buyers!! 2) In order for me to go LONG I need to see price break above the 4Hr resistance ($2341.0) & create a nice 15m CHoCh above price ($2344.5) with confirmed candle closures above both levels and then I will be interested in going LONG from the retest of the 4Hr Resistance Level ($2341.0) and Targeting the HTF 4Hr Swing EQ Level ($2356.0) roughly around 150 points in our favor LONG!! 3) I'll keep close update as PA develops and we have more data to work with... Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Keep Steppn!! Stay Focused & Reach Excellence!! #BHM500K #NewERA #Champions
COMEX:GC1!Long
by TreyHighPwr
Gold Poised for Uptrend Following Double-Bottom FormationGold has formed a significant double-bottom pattern on the daily timeframe, signaling a potential reversal of the previous downward trend characterized by three consecutive lower highs. This technical pattern suggests that gold may be ready to embark on a new uptrend. On the 4-hour and 1-hour timeframes, gold is currently consolidating, indicating a period of indecision before a possible breakout. Traders should watch for a move out of this consolidation phase as confirmation of the emerging uptrend. Zooming into the 15-minute chart, gold is expected to head towards a demand zone identified between 2334.7 and 2335.8 on the 5-minute chart. This area could serve as a crucial support level, offering buying opportunities for traders looking to capitalize on the anticipated upward movement. As always, it's essential to trade based on your own analysis and strategy. The double-bottom pattern on the daily chart provides a strong bullish signal, but ensure that your trading decisions are well-informed and aligned with your risk tolerance. If you see the same potential for an uptrend in gold, this could be a prime opportunity to enter the market. However, remember to trade responsibly and take full responsibility for your trades.
COMEX_MINI:MGCQ2024Short
by yojavi
Can Gold Close above $2350?Gold (August) / Silver (September) Gold, last week’s close: Settled at 2339.6, up 3.0 on Friday and 8.4 on the week Silver, last week’s close: Settled at 29.56, up 0.304 on Friday and down 0.382 on the week Gold and Silver futures failed to respond to a barrage of supportive economic data through the end of the week, and despite a positive finish, it felt more or less flat-footed. We now look to ISM Manufacturing at 9:00 am CT, and it can be a tough datapoint to balance; metals are used in the manufacturing process, but weaker data is seen supportive to the Fed cutting rates. At the end of the day, we must see a sustained move in Gold out above major three-star resistance at 2348.7-2350.6 and Silver above 29.95-30.12 in order to encourage price action to come out of a constructive bottoming pattern. Bias: Neutral/Bullish Resistance: 2348.7-2850.6***, 2355.3-2358.8***, 2369** Pivot: 2338-2340.5 Support: 2326.8-2329.7***, 2322**, 2312.2-2315.9***, 2304.2-2306.8*** Silver (Sept) Resistance: 29.70-29.74***, 29.95-30.12*** Pivot: 29.50 Support: 29.40**, 29.25***, 28.90-29.07****, 28.65-28.74**, 27.84-28.08**** 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.
COMEX:GC1!
by Blue_Line_Futures
Will GC find support around 2330 before retesting highs?GC has been finding strong support around the 2300 mark for months. My hypothesis is that the most recent touch at 2310 last week will be the last test of that level for a while before we test new highs again. There are large lots of resting liquidity between the current value of 2335 and 2330, so I'm going long at 2332 with a 3 point stop loss at 2329. I think 2330 will be a strong support level and bring us up closer to 2350 on the Monday trading session. Taking a 4:1 Risk/Reward here.
COMEX:GC1!Long
by SkyIsCalling
#202427 - priceactiontds - weekly update - gold futuresGood Evening and I hope you are well. Quote from last week: bull case: Bulls see the green support line and want to keep it support and keep the market above 2300/2320. They stalled the market long enough that not enough bears want to push their luck, selling the lows here. They also managed to print 2 bars above the daily ema, which makes the market more neutral. comment: Keeping this very short bc the tl;dr almost covered it all. Trading range and a descending triangle. Huge support 2300 and until either that or the upper triangle bear line is broken, it’s as neutral as it gets. Buy low, sell high and scalp. 55/45 imo that bears get a breakout below but do you really want to bet on those odds? I don’t. current market cycle: trading range until 2300 or 2385 is broken. key levels: 2300 - 2385 / below 2300 comes 2270 in play bull case: Bulls keeping it above support but can not print consecutive daily closes above the daily 20ema. Will probably see a breakout over the next 1-2 weeks. Invalidation is below 2300. bear case: Bears need a strong break below 2300, that’s it. Invalidation is above 2385. outlook last week: “short term: Play the triangle if the support holds. ” → Last Sunday we traded 2331 and now we are at 2339. Triangle held. Good outlook. short term: Neutral. Play the triangle. medium-long term: For now I think the most reasonable outlook I could give is a trading range 2200-2500. This could hold for some time. Bear in my still thinks this rally is moronic and we will see 2000 again this year but that’s as unreasonable of an outlook one could hold so don’t. —unchanged current swing trade: None and won’t enter. Just scalps for me. Chart update: Made the support more obvious.
COMEX_MINI:MGC1!
by priceactiontds