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GO1! trade ideas

Two potential swing trades for goldGold futures saw a false break of $2060 on Wednesday, before momentum turned lower and sent prices back beneath the weekly and monthly pivot points. Those pivots have since turned into resistance, before gold saw a trendline break. As RSI (2) is oversold and prices have found support at the 10-dy EMA and daily S1 pivot, bulls could seek a near-term swing long trade with a stop below 2045 and a target back near the pivots. At which point, we see the potential for another leg lower, so bears could seek evidence of a swing high and for a move back down to $2040, or the swing lows near the daily S pivot.
COMEX:GC1!Short
by CityIndex
Gold: Don’t Slacken! 💪To follow our primary scenario, Gold must not slacken on its way further up the chart! We still expect the turquoise wave B to reach a new all-time high, which requires more (corrective) rises. However, our alternative scenario could still prevail with a probability of 40%. In this case, the turquoise wave alt.B would have already been finished with the last prominent high, and Gold would, therefore, turn down earlier to dive below the support at $1935.
COMEX:GC1!
by MarketIntel
1
Gold Update: No changesNothing new to add on Gold. It is as slow moving as molasses. It is still on positive divergence at this time. Economists are starting to say a recession is expected at some time this year so maybe that is the catalyst gold is waiting on to raise higher. It has always been a store of value and a commodity people flock to in hard economic times. One question I want to leave you with concerning gold; is BTC replacing it? Many older investors are finally coming around to BTC and the potential it holds making it more mainstream. This is opening it up to more equity streams of capital. What does this mean for gold? Only time will tell... Don't forget, beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.
COMEX:GC1!
by TSuth
The Calm before the storm. feeling slightly Bullish Hello, all traders! This would be my very first published idea. I am an intraday trader and would love to share my position for today. This is not financial advice, just my perspective on the market. Gold Futures seem very bearish, but I have chosen this position with Entry - 2012.3 Take profit - 2022.8 Stop loss at 2008.1. After this trade executes, my main position will be to short Gold. I believe gold will test 2022 again before falling once more. Good luck to all traders.
COMEX_MINI:MGC1!Long
by DTrades0101
2
gold-silver-ratio As You can see an apex which showed bullish absorption was cutted the bearish style, to be tested if it will sustain strength. Now we see a rising wedge with shortening of time in the upper area and no shortening no expension of time at the lower boundaries. This leads to the conclusion, that gold is sold and silver is bought. Silver and copper are industrial metals. When they show strength vs. gold the markets are in an early stage of a big trend with a lot of bredth indicators moving to the upside soon.
COMEX:GC1!Short
by revilo1987
1
a daily price action after hour update - goldGood evening and i hope you are well. For gold i updated my weekly chart and bears proved me very wrong. Here my quote from the weekly outlook: short term: slightly bullish to top of triangle, invalid below 2030 Obviously they did break below big time and now bulls are doing everything they can to keep this above 2000. bull case: Bulls have to keep this above 2000 or bears will take over and push this to 1950. Since we are in a big trading range for a long time, odds favor the bulls for a short term bounce, probably to around 2020/2023 where market decides what’s it gonna be next. bear case: Bears broke out of the triangle and closed the bullish gap, now they need follow through. If they are strong, they should be able to keep it below 2030 and then sell to their first target 1990 and then 1950. short term: bearish - expecting some smaller bounce before more down medium-long term: odds for the bears risen significantly today. if they can get follow through, we will form a proper bear channel soon from which we can calculate new lower targets below 1900. still neutral until follow through trade of the day: short below the CPI bear spike for bet on follow through
COMEX_MINI:MGC1!Short
by priceactiontds
#1 Reason Why Gold Is Cheap At This PriceBitcoin is on fire have you seen? COINBASE:BTCUSD Right now the market is tanking like a rock!! -- Especially on the consensus side of it. Meaning the global economy under the TVC:DXY Is not doing well -- Countries that look up to the dollar for savings are suffering under high inflation because the printing of the dollar increases its power against the local currency -- Also the luck of oil supply globally is forcing oil prices to rise Do you remember the article i wrote right here on tradingview when i showed you that oil price NYMEX:CL1! was going to rise? -- Check it out below -- Gold is oversold and it looks very cheap at this price this is a good time for investors to consider buying it. -- Disclaimer:Do your own research before you trade this is not investment advice.You will lose money trading take this as a warning sign.
COMEX:GC1!Long
by lubosi
Q. WILL A 125BPS CUT IN INTEREST RATES DRIVE UP GOLD? A. Remember when it comes to interest rate cuts it means the following: Stimulates economic growth This makes borrowing cheaper as interest rates are lower. And it encourages more spending and investments by individuals and businesses. Boosts buying from consumers Also, with low interest rates it entices people to buy more. And this is because the cost of loans drops. This leads to them buying more homes, cars, and other goods. There are other elements, but you get the idea. Now, lets consider why lower interest rates could mean the gold price will rally Reason #1: Lower interest rates and a weaker US dollar helps the gold price When interest rates drop, the yield on bonds and savings accounts typically declines. And a weaker dollar makes gold cheaper for people with other currencies. It's like gold goes on a global sale, and everyone wants a piece! So, this will drive up its demand and the price. Reason #2: Investors get out of low yielding markets and into gold Remember that when interest rates are high, investors move to high yielding markets. They like to keep their money in the banks, bonds, money market or any other high interest savings accounts. But when interest rates drop, investors don’t make much of their money from these assets. And so, they will look to invest in markets like gold, which will drive the price up. Reason #3: The golden safe-haven will prevail! With interest rate cuts, it normally signals signs of economic uncertainty or weakness. And during these times, investors will often seek out safe-haven assets. Gold is a classic example of a safe haven that investors will look to buy. And this golden attraction will help push the price up.
COMEX:GC1!Education
by Timonrosso
Gold Update: Nothing new yetGold has to be the slowest moving ticker I have ever tracked lol. It's like watching hair grow, like watching a sloth walk, or like watching a snail cross the road. All SUUUPER exciting. After saying all this, nothing has changed yet. As I have stated in my SPY post, I believe the S&P is about to drop for b wave of 5 so maybe that will help propel Gold slightly and make it move somewhat faster. Instead of moving at the pace of a snail it will move at the pace of a worm... Either way, targets are unchanged as of now. Price did make a slight high so technically speaking that could have been the (5) I've been waiting on. I don't think this is the case as structure doesn't suggest that, but I've seen crazier things.
COMEX:GC1!
by TSuth
1