BTCUSDBtcusd still hold strong bullish trend on the daily , on the hourly there is a retest on small broken trend lines and i'm going long on this opportunity as it i show it on the chart.
GF1! trade ideas
looking to buy gold on a pullback during CPILooking for possible pullback on gold futures to 2324.0 level. If so will buy with limit. Sell stop will be 2272. Target is open for now.
Important: Trading commodity futures and options involves a substantial risk of loss.
The recommendations contained here are of opinion only and do not guarantee any profits.
This is for educational purposes.
Past performances are not necessarily indicative of future results.
GOLD v DXY in breakout move --- HVF hunt volatility funnelAlways good to measure against the DXY not just the USD value
Not perfect of course as it is mainly the Euro and Yen but still insightful.
Been watching the relationship for a while
currently breaking out to the upside
HVF theory means this should be a violent expansion
Target 1 coming up.
Gold's RoadmapGold (June) / Silver (May)
Gold, yesterday’s close: Settled at 2383.0, up 8.9
Silver, yesterday’s close: Settled at 28.717, up 0.387
Gold futures traded above $2400 and Silver above $29 early in the session but did see a wave of profit taking through the thick of European hours, but are attempting to stabilize ahead of the U.S. bell. The construction off Friday’s sharp reversal is fairly remarkable, and another favorable close today would help to neutralize the negative sentiment produced by that reversal. Gold is the leader this morning and has responded to major three-star support at 2378.2-2384.7. While holding out above here is a positive, extending gains above 2404.3-2408.5 may be needed to fulfill those shoes
Bias: Neutral/Bullish
Resistance: 2399.2**, 2404.3-2408.5***, 2411.3-2412.9***, 2425.6**, 2337.3-2448.8***, 2466.5***, 2539.3-2560.1****
Pivot: 2389.6-2394.5
Support: 2378.2-2384.7***, 2365.8-2369**, 2360.2-2362.6***, 2348.1-2351***, 2327.1-2343.1****
Silver (May)
Resistance: 28.56-28.69**, 28.88-28.90**, 29.05-29.22***, 29.88-30.35***
Pivot: 28.44
Support: 28.18-28.24**, 27.93**, 27.64-27.76***, 27.34-27.51***, 26.93-26.97***, 26.40-26.48***
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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.
(GD) Gold edges higher as Middle East tensions lift safe-haven -Spot gold XAU= edged up 0.1% at $2,383.37 per ounce, as of 0103 GMT. Bullion hit an all-time high of 2,431.29 on Friday.
-Israelis awaited word on how Prime Minister Benjamin Netanyahu would respond to Iran's first-ever direct attack on their country, as international pressure for restraint grew amid fears of an escalation of conflict in the Middle East.
2024-04-15 - a daily price action after hour update - goldGood Evening and I hope you are well.
bull case: 50 points down and 60 points up. Unreal price action for this Market. Bulls bought where they had to, to stay inside the broad bull channel or expanding triangle. Call it what you want, you trade it the same. Since Fridays sell off was so extreme, I rather be humble as a bull and take my profits on weakness. Retest of 2450 or higher depends on the news. Sad but that just so. Big macro risk is just that.
bear case: Bears tried to get below 2360 but failed miserably. Now the best they can hope for is weakness around 2400 and market stays under but hard to imagine. When the buyers come around again like Friday and today since bar 11, bears just move aside and this melts. Odds clearly favor the bulls.
short term: Sideways to up - Invalid below 2340. Expect 2420 or higher tomorrow, unless big sellers appear again. Perfect momentum market currently.
medium-long term: It’s fair to say that we are living through a macro event, which I have been talking about for many weeks now, not knowing anything about the middle east. Markets do what they do, before the fitting news comes around. Someone always knows. Right now this is going up and only up. Do I want to buy long term Gold longs? Hell no. Only short term trades for me here. Since you asked… I can not dream up reasons why Gold would trade above 2400 a year from now. But I sure can be wrong about that.
trade of the day: Follow the momentum.
Gold COMEX Future - Intraday Levels - 15th April 2024Levels recorded at 6:50 PM IST
if Sustain above 2350 then 2365 then 2374 above this bullish, then 2397 to 2399 then 2417 to 2423 or 2429 and last stop would 2447 above this more bullish then
if Sustain Below 2350 then 2333 to 2324 below this bearish then 2302 to 2300 then 2278 below this more bearish
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
Gold edges higher as Middle East tensions spur demandSpot gold was up 0.3% at $2,350.59 per ounce, as of 0056 GMT. Bullion hit an all-time high of 2,431.29 on Friday.
- U.S. gold futures fell 0.3% to $2,366.40 per ounce.
- The first direct attack on Israel by arch foe Iran has shaken Israelis and left them fearful that a bigger war is looming.
- Recent U.S. economic data on the labor market and inflation have caused market expectations for a rate cut from the Fed to be dialled back yet again.
- Chicago Federal Reserve President Austan Goolsbee said continued high consumer price index readings were concerning, but he remains focused on how the Fed's targeted personal consumption price expenditures index behaves.
- Federal Reserve Bank of Boston President Susan Collins is eyeing a couple of interest rate cuts this year amid expectations it could still take some time to get inflation back to targeted levels.
- Higher interest rates reduce the appeal of holding non-yielding gold.
Post-trade psychology!
In the trading market, being anxious cannot solve the problem.
But be prepared for a long time, don't rush for success, and don't be afraid of being a late bloomer.
Take your time and master the process, don’t rush the results.
Whether it is the trading market or other industries, it all requires a process, and it requires step by step and continuous efforts to achieve it.
Give the process time, and please give yourself time. I think time will definitely give you a better answer.
Accumulation over time will make you gain more and more.
Don't be anxious, just take it step by step.
Although the process is slow, if you keep going, slow and perseverant, you will eventually reach the goal you want.
Usually the more anxious you are in trading, the easier it is to deviate from your original intention, and most of the results are counterproductive.
In nature, you will find that a lot of life is slow.
The sun rises little by little and sets little by little, the flowers bloom one by one and wither petals.
The flowers will not bloom before the season, and the fruits cannot be picked if they are not ripe.
The journey of life is very long, you don’t have to seize the day, persistence is the only way to win in the end.
A strong selling expected in gold. A strong selling expected because gold on all-time high and they're showing a negative candal on top in 1D
A strong selling expect on goldA strong selling expected because gold on all-time high ang they're showing a negative candal on 1D chart
Gold COMEX Future - Intraday Levels - 11th March 2024For your Analysis and Study only
Range for positional Trade:- above 2042 we can target for 2439 to 2448
Range for Swing Trade:- - above 2042 we can target for 2259 to 2302
Range for Intraday :- above 2218 we can expect around 117 to 137 Max points movement below 2151 or 2166 we can expect around 71 to 92 Max points movement
Intraday detailed levels as below.
If Sustain above 2187 then 2203 then 2213 to 2218 above this bullish then 2239 or 2243 or 2247 then 2259 then 2302 then 2336 then 2346 to 2349 then 2355
If Sustain below 2182 then 2166 or 2151 strong level then 2144 to 2141 then 2120 then 2073 to 2069 then 2050
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock and commodities trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
Gold: Destination Reached 📌The gold price has now reached the levels at which we expect the high of the orange-colored wave c and thus of the turquoise-colored wave B. We anticipate that the price will turn around and then sell off sharply. After all, we consider the current rise to be merely corrective in nature.
Gold COMEX Future - Intraday Levels - 12th April 2024Levels recorded at 6:30 PM IST
Today watch for around 2393 and 2388 levels . this are important levels ..
if Sustain above 2393 then 2395 then 2397 then 2413 then 2418 to 2418 or 2419 above this more bullish then 2426 to 2429 then 2437 then 2441 to 2442
if Sustain Below 2388 then 2383 then 2379 then 2372 then 2369 then 2365 to 2364 below this more bearish then 2349 then 2346 to 2344 then 2339
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
GC1! Chart Idea - Short setupI still am bearish on Gold for next few weeks.
Confirmations:
- Rising Wedge
- Bearish divergence
Entry - 4hr candle close below 2334
TP Range - 2270 - 2260
SL - 2351.2
Gold Preparing For Another Rip?Gold has pushed up since the original forcast a few weeks ago and likely to continue. As higher risk markets reach all time highs and look ready for short sales captial rotation may be the cause of accelerated moves to the upside.
Current Trading Plan:
Continue long hold for higher targets inprevious forcast below but locally target an accelerated move that will likely retrace.
Trade Well...
Your Friend,
Degen
Gold COMEX Future - Intraday Levels - 11th April 2024Note :- this levels are for Gold COMEX Future , the regular trading hours starts at 7:00 PM IST.
Levels recorded at 6:20 PM IST
Today around 2352 is important level, watch for reversal or breakout.
if Sustain above 2352 then 2365 then 2372 then 2376 Strong level above this more bullish then 2391 then 2395 to 2397 then 2401
if Sustain Below 2349 or 2346 then 2333 to 2332 then 2328 or 2325 below this more bearish then 2314 then 2310 then 2304 to 2302 or 2300
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
Was Gold's 2008 GFC it's worst quarter?On a quarterly close basis (reduce noise), #Gold had a WORST drawdown in 2004 than it did in the Great Financial Crisis of 2008!
It actually ONLY closed 5% lower in Q3 2008, having registered POSITIVE quarters before and after that one.
Let that sink in...
gold daily chartBefore you get a 10, 20%, or even 30% drop for #gold, you'll see damage done on the daily chart first.
Step by step.
soon as they see that homeless report on the newzthe buig guys uyp top wiolll have areason to crash the market thats legit while tyrying to cover their theiving asses, addd homeless as a topic on googlw trends REPORT is california audit from the 9th, 10 billion spent with no paperwork lol okey dokey, heres your cells a33holes..
#GOLD made to All Time High 📈Huge participation at Rs. 51,000 zone.
I remember back in 2022 I suggested many people to go LONG in #GOLD around Rs. 51,000 zone only.
+50% returns in 790 days, much lesser yet good as its a top asset class.
MCX:GOLDM1!
Gold forms Bearish Engulfing, Silver at resistance🚨 🚨 🚨
#Gold is forming a Bearish Engulfing on the daily charts.
Volume is almost there for a confirmation of the pattern.
Money Flow is low.
Overbought.
Weekly we see Gold forming a doji = battle bulls & bears.
#Silver is at a major resistance.
This should be an interesting week...
AMEX:GLD AMEX:GDX AMEX:GDXJ AMEX:SLV
