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..
TGF1! trade ideas
#202440 - priceactiontds - weekly update - gold futuresGood Evening and I hope you are well.
tl;dr
gold: 2700 proved to be a good spot for a pullback, which should go a bit lower than 2668. Breakout price 2630, daily 20ema or the bull trend line around 2620 are all valid targets for the bears. We will only know the strength of the pullback once we know where bears sell it again, so we can draw proper support and resistance trend lines. Right now I think bears should not let it get above 2695 or market will go more sideways instead of a deeper pullback. It’s still max bullish until bears print below the daily ema again.
Quote from last week:
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.
comment: Bulls hit 2700 as expected and we pulled back some. I do expect this pullback to become a great buying opportunity but I don’t know how far down bears can get it. Obvious magnets are the breakout price 2630, daily 20ema or the bull trend line around 2620.
current market cycle: Bull trend
key levels: 2 600 - 2710
bull case: Bulls want the pullback to be very shallow and mostly sideways. Anything above 2640 would be max bullish and an amazing buying opportunity. Not much else to tell you, since bears are having a really hard time making money in Gold. Look for longs.
Invalidation is below 2600.
bear case: Bears need to print some consecutive bear bars to have some arguments on their side again. They have many mentioned targets below but as of now, all of them are far aways for them. Biggest pullback last week was 50ish points and market already pulled back 43. Not sayin we can’t drop further but looking for shorts is currently a painful experience in Gold.
Invalidation is above 2710.
outlook last week:
short term: Neutral. I won’t be buying 2646. Need a pullback.
→ Last Sunday we traded 2646 and now we are at 2668. Only 24 point difference to last week but wrong outlook anyhow. Bulls are insanely strong.
short term: Neutral and I will only look for longs in Gold. If bears show strength, I might try a small short scalp and hope for 2630 or lower and then I wait for bulls to come around again. Making money on the long side here is the way to go.
medium-long term - Update from 2024-09-22: 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: None
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.
- Micah
GC - time for some longsI am looking to go long at around 2669-70 area. There is also a possible bounce at 2672.
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!
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 reestablish
GOLD --- When Breakout? $2700 Target remains in place. The war against sound money...
keeping a "lid" on the price of the worlds biggest asset
and truly the only real collateral in the world.
Is being slowly lost.
We have a continuation head and shoulders that many people are watching.
But something to note
Is that the previous times #Gold has traded above 2 thousand dollars
The smackdown has been quick and violent.
If you noice in the past few weeks,
the compression of price ,
and the consecutive number of weekly closes above 2k.
Is the most it has ever been.
Are the Bankers ready to let it run...
since they seem to be pumping up all assets prices for the 2024 election.
I think the ramp up to 2.7k could be quite violent... do we get there by summer?
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.
GC: Technical Analysis of Gold Futures (Daily)Gold is showing a strong bullish bias, confined within an ascending channel. While the price is nearing the channel's resistance, there is a potential for an upside breakout. A move above this level could propel the price towards the next resistance area, ranging from 2735.4 to 2744.5. However, as with any market, there is inherent uncertainty.
Key levels to watch:
Strong resistance: 2735.4 TO 2744.5
Potential weekly support: 2644
Stay updated: Financial markets are constantly changing, and your analysis should be regularly updated.
Let's discuss it! Please feel free to share your thoughts and ideas in the comments.
Please remember: This is just a sample, and you can just modify it to fit your specific needs.
I hope this analysis is helpful.
Thank you for your attention.
#goldfutures #technicalanalysis #tradingview #supportresistance #gold
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.
Gold Has Never Been More ValuableYou often hear about equity markets at all-time highs, and some of the excitement in crypto, but today I just have to showcase the recent move in gold.
Gold is at an all-time high today and remains the most valuable asset in the world by market cap. Here are some stats and facts:
Gold's Market Cap: Valued at over $12 trillion, gold is the most valuable asset in the world by market cap.
Central Bank Holdings: Central banks worldwide hold nearly 35,000 metric tons of gold in their reserves, including the U.S., China, and Russia.
Gold as a Safe Haven: During the 2008 financial crisis, gold outperformed most major asset classes, reaffirming its role as a safe haven.
I have more stats and facts to share, but just wanted to share this one to showcase the recent move higher.
GOLD TRIANGLE PATTERN - BREAKOUT!Gold Update (1-Day Timeframe) Chart Analysis
Bullish Indicators Identified: A triangle pattern is forming, signaling a potential breakout soon. This formation often results in a sharp move, with an expected gain of 1500-3000 points in the upward direction.
Key Levels: Buy above 75000 for a bullish breakout.
Target Levels:
First target: 75500
Second target: 76000
Third target: 76600
Stop-Loss (SL): 74450.
Breakout Confirmation: Stay alert for confirmation before entering the trade.
Risk Management: Always set a stop-loss to mitigate potential risks.
Disclaimer: This technical analysis is based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.
IF THIS WILL HELP YOU, PLEASE LIKE THE POST ❤️
GOLD UPDATE | SEP 2nd - 4thGold Technical Analysis (1-Hour Timeframe)
Gold is currently forming an ascending triangle pattern, with strong resistance at 72,748.
A breakout above this resistance level could indicate further upside potential.
However we can plan our trade from the bottom 71700 towards the 72200
Keep an eye on this key level for potential trading opportunities. 📈
Don't Forget To Push The Boost (Like) Button and Follow Me for more !
Best Regards , Shalvi Sharma
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..
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.
GOLD Makes A Big Move Targeting $2720Even though my Gold Cycle Patterns suggested Gold would consolidate a bit in early trading this week, the big breakout move today shows just how undervalued Gold really is.
Yes, my Gold Cycle Patterns did not predict this upward price move clearly.
This is an example where my patterns/expectations did not match exactly what price did. it happens.
You could say my expectations were a bit behind the trend or the trend was a bit ahead of my expectations - but either way this move surprised me.
Clearly, gold is making a big move and my upper target is 2710-2720.
Today's move will likely stall out near 2685, then contract to levels near 2670-2675.
Remember, Gold really wants to rally up to 2710-2720+. So, you have quite a bit of time to play this move efficiently.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
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.
GOLD Futures bullish flag weeklyAlthough sharing this almost at target near level, sharing this for learning purposes. flag bullish formed in weekly levels.
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.
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.
