Short term Gold outlook Bodies respecting C.E of H1 FVG away from H4 FVG. expecting downwards momentum in New York Session
GF1! trade ideas
Gold continue with the UptrendOn Gold, it's nice to see a strong buying reaction at the price of 2375.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
Gold
This is not a trading signal ,it my opinion and if you copy it then it is on your own risk.
Gold at a strong Resistance level , it has tested this level on the hourly frame more than 3 time , so far the gold still strongly bullish but we will see pull back to the support level which is at FVG , and that is where we enter Long and target is at the next Resistance level.
GC1: Buy ideaBuy idea on GC1 as you see on the chart because we have a spring effect on vwap and also we have the breakout with force the resistance line.
GOLDThis is not a trading signal, its just my opinion , if you copy the trade its on your own risk.
This trade we are taking on the hourly chart, quick trade with short stop loss.
Trading the bull back before the rally upwards.
taking the target at fib 50% considering the fair value gap the should be covered on the hourly frame.
GOLDThis is not a trading signal, its just my opinion , if you copy the trade its on your own risk.
Gold . daily chart still signalling bullish market as the trend is bullish , we expect the next target is around $ 2405 and if that gets broken then it will rally up towards the $2454
so far we expect retest to resistance at $2355 and then continuation to the target.
this analyses valid for only this week.
Gold shining on the "UPSIDE"Gold has been trending strongly on the higher time frames and seems like it still has a lot of room to move to the upside. We will wait patiently for the pullback on the 4hour chart demand zone that has been created. We should expect to see another leg to the upside on Gold.
GOLD MARKET OVERVIEW The precious metal closed at $2,327 per ounce, sweeping liquidity as prices are expected to re-ranges around the 2360s. With the third quarter of the year approaching and ongoing instability, involving the Feds and central banks in East and Central Asia recurs as gold remains a valuable asset and a safe haven with growth potential.
Despite expectations of rising inflation and the possibility of the US Federal Reserve lowering interest rates this year, gold prices are still declining. For a confirmed sell momentum, we need to see a decisive break back to the preliminary supply zone at $2,370-$2,385.follow for more insights as the next insights will be published via the comment section ......boost idea and comment .
Gold Long Term Outlook Predicting Bearish Dollar Index, So believing in the strength of gold, Watching for SMT with silver to confirm longs from the Monthly FVG
a daily price action after hour update - goldGood Evening and I hope you are well.
Gold
comment: 2350 is the big line in the sand for both sides. Bears did it big time by closing below the big bull trend line from March and consecutive daily closes below the 20ema. Problem for them is, 2300 - 2350 was huge support for 2 months now and I doubt bears can break it that easily. My bear channel from the weekly outlook is still valid though.
current market cycle: tight trading range
key levels: 2350 - 2380
bull case: Big support 2300-2350 and bulls need a daily close above the ema (2380) again. Right now they have not shown strength but neither have the bears or we would have traded lower already.
Invalidation is below 2300.
bear case: Bears see this as a small pull-back in the new bear trend (started with the double top on the daily chart) down to 2170-2200. They need much bigger selling pressure to get below 2300 though.
Invalidation is above 2390.
short term: Completely neutral inside given range.
medium-long term: For now I think the most reasonable outlook I could give is a trading range 2200-2450. This could hold for some time. Bear in my still thinks this rally is dumb and we will see 2000 again this year but that’s as unreasonable of an outlook one could hold so DON’T.
current swing trade: None
trade of the day: Long low of last week 2349 after bar 3 (signal bar) - bar 4 = entry bar
Gold shock correction nears endMarket participants will also be closely watching comments from Fed officials next week. The chance that the Fed will adjust policy in September remains slightly above 50%, according to data from the CME Fed Watch Tool. Market positioning suggests the dollar could face selling pressure if Fed policymakers leave the door open to a rate cut in September.
On the other hand, if Fed officials favor a rate cut closer to the end of the year, the U.S. dollar may hold its ground, making it difficult for gold to gain traction. However, policymakers still have several inflation and employment data to assess before September, and they may not send any clear signals on the timing of a policy shift. The market will also see appearances from several regional Fed presidents. Minneapolis Fed President Kashkari will speak in New York; Richmond Fed President Barkin will speak at an event in South Carolina. New York Fed President Williams will speak at a conference in California; Fed Governor Cook will speak in Washington, D.C., and Chicago Fed President Goolsby will speak at the Economic Club of Minnesota.
In terms of short-term rhythm, looking at the market price in four hours, the pressure position is obviously at the integer mark of 2,400 US dollars, and there is no physical closing line above 2,400 US dollars. At best, it was suppressed by a virtual break of $2,400. However, as the market price hit the $2,400 mark many times and failed to form an effective breakthrough, it then adjusted downward and corrected, which is what we often talk about accumulating strength. If US$2,400 to US$2,292 is regarded as the first wave downward revision, then US$2,252 to US$2,282 is the third wave downward revision. The correction decline is not a decline in the main trend, and the maximum correction wave does not exceed three waves. And the decline in each wave will be compressed. This wave, which is the third wave correction, will be based on the high point of $2327. Combined with the double bottom position of 2267, there is a high probability that the correction will be completed at the $2267 line. So that means the area around $2,267 is what we think is the correction low.
In terms of specific layout, the third wave of downward revision has not yet completed, and next week it is still necessary to make a high-altitude pullback layout, and then retrace $2,267 before making a backhand. At the beginning of the week, focus on 2310 to suppress the first short-selling layout. Below, focus on the 2292, 2282 and 2267 positions. Focus on the first-line opportunity of touching 2267, and start to place long orders on the backhand. When the correction is completed, the bulls will return! Taken together, in terms of short-term gold operation ideas next week, Jin Shengfu recommends to focus on longs on callbacks, supplemented by shorts on rebounds. The top short-term focus will be on the 2308-2310 first-line resistance, and the bottom short-term will focus on the 2265-2267 first-line support. All friends must keep up. Rhythm. It is necessary to control positions and stop loss issues, set stop losses strictly, and never resist orders. The recent market turmoil has been relatively large, and opportunities and risks coexist. Control risks and gain profits.
PLANING TO EXECUTE ON THIS IDEASCREATING this idea will bring clarity to the Marker. As we approach the market we should be considering the fact that we will need to wait for those zone to come to the price that we need later we will make a decision with order flow on the hand
GREAT TOOLS ORDER FLOWATAS ORDER FLOW TOOLS IS THE NECT LEVEL IN OUR CAREER, I KNOW IT WILL BE A GRERAT tools for anyone to use in the daily execution of trading ideas
GOLD analysis Gold began the week with a downward trend but has seen some recovery. This movement is influenced by the weakening US Dollar, driven by disappointing PMI data that indicates a slowdown in private sector growth. Additionally, a lower-than-expected GDP growth rate and persistent inflationary pressures have contributed to gold's recent price movements.
Sentiment analysis shows mixed signals with some expecting continued consolidation within the $2,400-$2,450 range, while others foresee potential upward movement towards $2,500 as economic conditions evolve.
Gold fluctuates repeatedly in downward trendTraders see a 64% chance of the Fed cutting interest rates in September, according to CME's FedWatch tool. Lower interest rates will make holding non-yielding gold more attractive. Data on Friday showed that U.S. job growth slowed more than expected in April, while year-on-year wage growth fell below 4.0% for the first time in nearly three years. New York Fed President Williams said on Monday that the Fed will lower its interest rate target at an undetermined point. Investors are paying close attention to the latest developments in the conflict in the Middle East. Palestinian militant group Hamas agreed on Monday to a Gaza ceasefire proposal put forward by mediators, but Israel said the conditions did not meet its demands and continued its strikes in Rafah while planning to continue negotiations to reach an agreement. The gold market continues to face significant upward pressure as it is used to protect wealth from devaluation as well as global geopolitical issues.
Gold technical analysis: Gold prices maintained an upward trend on Monday. In early trading, the price fell back to the 2291 line and rebounded. Asian, European and American markets continued to fluctuate and rise, reaching a maximum of 2332 and closing at 2324. The price fluctuates in the range of 2335-2277. Today, continue to focus on the upper resistance 2332-2338 and the lower support 2281-2277. The short defensive position is currently at the 2352 line. Only by breaking through and stabilizing the 2352 line can the end of this downward trend be confirmed.
In terms of gold's short-term operation today, it is recommended to go short on rebounds and long on callbacks. The upper short-term focus is on the first-line resistance of 2330-2332, and the lower short-term focus is on the 2281-2277 first-line support.
Good Evening and I hope you are well.gold futures
Quote from last week:
bull case: Bulls continue inside the wedge and buy every dip they get. 2450 obvious magnet above. I won’t make this longer than it has to be. Weekly and monthly charts also just give bullish signals for this. This month is still an inside bar on the monthly chart, so if bears keep this as a lower high, odds favor trading back down to around 2320.
comment: Market got it’s 2450 and some, formed a higher high double top and sold off for 127 points. We are right at the lower bull channel trend line and it’s a higher low. Bad place to trade or make predictions. I do think 2454 is a credible high for a decade.
current market cycle: trading range
key levels: 2290 - 2454
bull case: Bulls met all targets above imo and had their retest and the double top. They need to keep this above 2330 to not risk an accelerated selling. Above 2350 would be better to trade back inside the bull channel again. It’s still a small pull-back on the weekly chart and the weekly 20ema is around 2250, that’s far away. I expect bulls to get a pull-back here to at least the daily 20ema at 2360 or the breakout price 2380.
bear case: Bears printed 2 big consecutive bear bars last week and the selling was strong enough to get a second leg. Measured move would bring us right to 2200, so naturally I drew a nice channel for you. R:R here is clearly on the short side. Bears need to keep it below 2380 and make lower lows below 2285. Will write an update on Gold in my Monday after hours.
outlook last week: “Small pull-back before another test of 2448 (typo said 2348) or higher. Invalid below 2370.”
→ Last Sunday we traded 2417 and now we are at 2334. Thought small pull-back and then gave an update on Monday that I entered swing short at 2429 and gave that for free in my after hour update. That positions is now 950 ticks in profit. Hope you made some.
short term: Sideways to up - Expecting a pull-back to 2360/2380 where the next move is decided. I prefer a second leg down, after the pull-back, which then transforms into a bear trend down to 2200.
medium-long term: For now I think the most reasonable outlook I could give is a trading range 2200-2450. This could hold for some time. Bear in my still thinks this rally is dumb and we will see 2000 again this year but that’s as unreasonable of an outlook one could hold so DON’T.
current swing trade: Still holding some shorts since 2429. SL is 2352.
Chart update: Added new preferred bear channel
Gold Analysis I see potential for gold to continue down but I would like a 30min closure below 2326.0 . ( Blue dashed lines are the last 2 days wicks/ Pink dotted is the 4hr wicks ). I could really see price going down to 2326 respect it and start pushing up. Def going to be watching Sundays open 4hr close
YESTERDAY HIGH YESTER LOW SETUPADDING MORE INTO my playboook setup, looking for yesterday high or low , using ordef low to confirm my entry take tp at the next quarter point level
Gold: Do not slacken! 🥱Gold could not yet gain significantly more upward momentum. Therefore, we still consider it 40% likely that the precious metal will drop directly below the support at $2285, thus confirming an already established high of the turquoise wave alt.B. In this case, our turquoise Target Zone would not be reached anymore. Primarily, however, we stick to our expectation that Gold will rise into our turquoise Zone between $2510 and $2631 to place the top of the regular wave B there.
Gold remains bearishThe strong performance of the U.S. ADP employment data in April provided new challenges for the Federal Reserve's monetary policy. In this context, the reaction of the gold market is particularly worthy of attention. After the data was released, gold fell back 4 US dollars in the short term and then rebounded. The number of ADP jobs in the United States increased by 192,000 in April, far exceeding the expected 175,000, showing the strength of the labor market. Salary growth slowed: Salary growth for those who changed jobs fell from 10.1% to 9.3% year-on-year. Although it is still higher than the level at the beginning of the year, it shows a certain slowing trend.
Against the backdrop of strong ADP employment data, the Fed's monetary policy decisions have become more complicated. The gold market will pay close attention to the Fed's next moves, as these decisions will directly affect gold's safe-haven demand and investment value. Investors should remain vigilant during this critical period and carefully evaluate market dynamics.
The market is in a weak position, with pressure at 2306 and 2315. Therefore, if you want to short during the day, you must first pay attention to whether 2300 breaks. If 2300 does not break, gold will go short under such extremely weak conditions. Look at the trend point below at 2250. If 2300 breaks and the strength changes, this wave can still rise to 2315 and 2330 highs.
Trend breakout to the down side.Gold has been trading on a uptrend for a while on the H4 timeframe. It recently broke out to start a down trend. Currently it is trading under resistance which became a support area and heading towards 2,294.
Selling is done in GOLD?2258 support held, but 2340 is now offering resistance. We have Buyers pushing the prices up for sure, see the GREEN UMVD started last week. We have gREEN Bars but TrapZOne is still RED>
Gold analysisGold formed cup and handle pattern in 4Hr frame ...waiting for a breakout for upside .....above 73000......targets 73500,74000 sl 500 points .do your own analysis before investing.
