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TGD1! trade ideas

long on golf Trade Type: Long (Buy) Market: MGC1 Timeframe: 15 min Setup: I am entering a long position based on a bullish pin bar pattern formed Entry: Trade Reasoning: This trade is based on a confluence of factors that suggest a potential bullish trend. The price is finding support near a key level, the RSI shows no overbought conditions, and the MACD shows an increasing bullish momentum. We are also approaching a breakout of a range, making this a good risk-to-reward opportunity.
COMEX_MINI:MGC1!Long
by arbergjinolli
2024-11-20 - priceactiontds - daily update - goldGood Evening and I hope you are well. tl;dr gold - Bullish target was met with 2650 and now it’s big decision time. Bear trend line and daily 20ema was hit. By Friday we will know which way market wants to go. Expecting sideways to down tomorrow but everything below 2600 would surprise me. comment : Very bullish week so far to potentially big resistance. My preferred path is a two legged correction and we are in the A of it. Market has to pull back soon but if bulls get above 2660, we will see 2700 soon. Last thing I want to do this week is looking for shorts in this. current market cycle: trading range key levels: 2620 - 2700 bull case: Bulls are in control again. They now only need a strong close above the daily ema to make the last bears run for the exits. Can they get it before a pullback? I doubt that. Not much more magic to it. Big bull trend is still valid but the peak euphoria is over and we will likely see more bearish legs in between since bears made big money previous 2 weeks. Invalidation is below 2600. bear case: Bears who sold late are trapped, they need a pullback to get out of their position. They are at 3 very important prices. Breakout retest is around 2650-2660, daily ema is here and the 50% retracement is at 2672. If these are not good enough for the market to pull back to 2600 or lower, nothing will. Invalidation is above 2670. short term : Neutral. Expecting a pullback and then another big rally to at least 2750. medium-long term - Update from 2024-11-17: Tough call for the rest of the year. If I had to guess I’d say that we rally to 2800 again before year end, just so we can sell off beginning of 2024 but it’s pure guesswork as of now. current swing trade: None trade of the day: Buying 2625, which market tried for 3 hours to close a 15m bar below and could not. Buying it was good for 350 ticks.
COMEX_MINI:MGC1!
by priceactiontds
GOLD & SILVER Attempt To Break Higher - Moving Into EEP #3Gold and Silver attempt to break upward, moving away from the larger EPP Phase #2 (consolidation/FLAGGING) setup. If my research is correct, we'll see a very strong rally setting up in Gold/Silver over the next 2-4+ hours - likely see GOLD rallying up to $2720+ and SILVER rallying up to $32.50-$33. Get ready. This could be a very strong rally phase targeting new all-time highs over the next 15+ days. Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
COMEX:GC1!Long
by BradMatheny
Is it possible for gold prices to reach $5000?Is it possible for gold prices to reach $5000? Gold reached $2,600 an ounce on Monday, recovering after a week of record declines in 2021 as the U.S. dollar stabilized. The latest U.S. data show that retail sales rose more than expected in October, revealing the strength of the economy. Last week, comments by some Federal Reserve officials added uncertainty about possible rate cuts and their timing. At the moment, markets estimate about a 65 percent probability of a 25 percent rate cut in December. Investors now focus on upcoming statements by other Fed policymakers during this week, hoping to get clearer indications of the direction of interest rates in the United States in the coming months. After the Republican candidate's victory in the presidential election, investors rushed to Wall Street to put their money in various assets, such as stocks (SP500) and Bitcoin (BTC-USD), which has soared to an impressive 90,000. However, there seems to have been one asset that did not benefit from this celebration: gold (XAUUSD). The price of spot gold (XAUUSD) fell by 6.44 percent. This decrease can be attributed to the fact that gold-usually considered a safe haven asset-is not particularly attractive when Trump's tax cut and tariff policies promise to stimulate the Wall Street stock market. Currently, the market seems unconcerned about U.S. credit risk. If excessive fiscal deficits or loss of independence were a real Gold prices have fallen significantly recently, but we expect a stop to this trend soon. Our target of $2850 in the short term remains valid. There are several options for investing in gold. One can opt for a euro ETF to protect against currency risk or choose a dollar ETF. Another interesting alternative is to buy a share in a gold mining company. One of the most interesting sectors is gold mining, particularly NEWMONT(NEM). Currently, Newmont's value is significantly underestimated at $45 per share, considering the scenario of a significant increase in the price of gold by 2025. With its vast gold reserves, low production costs, solid balance sheet, and high dividend yield, we believe the current price is an excellent entry point for investors. Based on the company's historically low P/E ratio, we suggest that there may be a 50 percent discount to its potential long-term value, with a price target between $90-100 per share over the next 18-24 months. The recent election has only confirmed my concerns about a dramatic increase in inflation rates next year. This will put a strain on foreign investors, international central banks, hedge funds and other large investors who will be looking for safe hedging. In addition, as demand for and supply of gold (and also silver and platinum) grows and dwindles, the precious metal will be increasingly in demand as a “store of value” and “safe currency,” likely driving prices well above $3,000 an ounce in 2024. During Trump's first term, which ran from January 2017 to January 2021, investors who owned gold and Newmont stocks reaped significant benefits. With tax cuts, the Fed's growth in money printing, and the adoption of trade tariffs, the perfect combination to encourage safe gold-related investments has repeated itself. And this scenario could well repeat itself in the future. At the geopolitical level, current tensions in the Middle East and the escalating conflict between Ukraine and Russia could lead to an increase in safe-haven assets, providing further support for the gold price. In addition, with the continued risk of conflict between Taiwan and China, gold prices could exceed $4,000.
COMEX:GC1!Long
by Antonio_Ferlito
SPY/QQQ Plan Your Trade For 11-19 : Top Resistance PatternToday's Pattern plays into the Anomaly Event I believe will continue to play out over the next 15+ trading days. Today's Top Resistance pattern suggests the SPY/QQQ will move higher, attempting to find a peak, then roll downward into a decidedly bearish type fo trend. My analysis continues to suggest a price Anomaly event is likely. I believe this event could be related to a financial or hard-asset type of devaluation event (a mini-crisis). As of right now, we need to see how today plays out related to price trends. I would be cautious of a rollover to the downside throughout trading today for the SPY/QQQ. Gold & Silver already moving into a very strong #3 rally phase - attempting to find the new consolidation range (forming the #3 of the EPP pattern). Bitcoin has moved into a moderate bullish trend - but could still roll downward very strongly. Stay very cautious of this moderate upward trend until we get a more confirmed breakaway above the Ultimate High. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
COMEX:GC1!Long
by BradMatheny
6
Gold's Resilience: A Bounce Back from Key Support Demand ZoneGold has rallied off a key demand area of support as the US Dollar peaked and then retraced. This precious metal is currently navigating challenges stemming from forecasts regarding US interest rates and ongoing economic policies tied to the Trump administration. Fed Chair Jerome Powell has indicated that the US economy is in "remarkably good" shape, which has bolstered the Dollar while putting downward pressure on Gold. However, analysis of the Commitment of Traders (COT) report reveals that smart money remains positioned on the long side, suggesting that there is still potential for upward movement in Gold. Despite its recent performance, Gold appears to be in a relatively oversold position, supported by favorable seasonal trends that could lead to a bullish outlook. The current demand area presents a crucial opportunity for Gold to retrace and gain momentum once again, making it an interesting point of observation for traders looking to capitalize on potential price recovery. ✅ Please share your thoughts about GC1! in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
COMEX:GC1!Long
by FOREXN1
1
A bearish outlook on Gold: Waiting for the right entry pointsRecent Performance: Gold has displayed signs of volatility recently, with a notable decline of over 4%, marking its largest sell-off of the year. Prices dropped sharply from recent highs, reaching crucial support levels around $2,550. Despite managing to remain above an important yearly opening price at $2,066, the overall market sentiment leans bearish due to profit-taking and a strengthened US dollar. - Key Insights: Traders are advised to exercise caution and wait for potential pullbacks before entering new sell positions. Current market conditions present opportunities for buying gold with confirmation rather than impulsively. The significant shift in institutional activity suggests a growing bearish sentiment towards long positions in gold. - Expert Analysis: Market analysts and traders expect continued selling pressure on gold, particularly if it breaches the $2,550 support level. The upcoming FOMC meeting in December may provide additional direction, but for now, a bearish trend seems likely to carry into next week. The environment of economic uncertainty may still encourage cautious buying. - Price Targets: Based on the wisdom of all professional traders, the following targets and stops have been established: Next week targets: - Target 1: $2,400 - Target 2: $2,600 Stop levels: - Stop 1: $2,300 - Stop 2: $2,200 Longer-term targets suggest a potential bounce back to $2,800 by early next year. - News Impact: The dollar's continued strength and shifts in interest rates are impacting gold prices negatively. Additionally, significant global movements, such as increased buying interest from BRICS nations, reflect changing dynamics in the precious metals market, which are likely to influence gold's trajectory in the weeks ahead. Gold remains under pressure, and its performance next week will hinge on the strength of key support levels and broader market sentiment.
COMEX:GC1!Short
by CrowdWisdomTrading
Weekly Forex Forecast Nov. 18 - 22: SP500, NAS, DOW, GOLDThis is the Weekly Forex Forecast for Nov 18 -22nd. The Big 3 Indexes started to pullback last week from there elections fueled rallies. Patience is required, as we look for confirmations of a market shift from bullish to bearish. Gold also retraced last week, and may may struggle against a surging USD. Patience here will benefit traders, as we wait until the market tips its hand. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:GC1!
by RT_Money
#202446 - priceactiontds - weekly update - gold futuresGood Evening and I hope you are well. tl;dr gold futures: Neutral. This selling is bonkers tbh. It’s so unbelievably rare that markets have such a strong rally and do not respect the trend line at all at such important prices like 2700 and 2600. A bounce is overdue but man, being bullish on Gold has not paid for more than 2 weeks. 2570 is a bad spot to trade. We can easily test down to 2500 before we see a bigger bounce. Can’t be anything but neutral. Quote from last week: comment: Bear surprise because they just melted through 2700 and the bull trend line on Wednesday. Bulls retested the bull trend line and got rejected. Bears were also strong enough to keep the market below the daily 20ema and as long as that is the case, bears are in control for now. 2600 is my lower target for the bears and sideways 2600-2720 is the most likely path forward imo. comment: Market took 48 days to gain the 10% we now lost in 14. This selling is climactic and thus unsustainable. We will soon see a bigger bounce, if not a complete reversal to 2800 again. On the daily chart it looks nasty but on the weekly chart tis but a scratch. Bears closed all but one open bull gap and technically just retested the breakout price for the previous bull leg. This selling is strong enough to seriously doubt much higher prices than 2800. What I do expect is some bounce and more sideways movement between 2600-2800 before we could test lower prices (2300-2400) next year. For now it’s too early to go long, since market has not found a credible bottom yet but since market has not traded much below the weekly 20ema for a year. Swing longs with stop 2480ish are very reasonable. current market cycle: Bull trend on the brink of being over, either bulls turn hard and go above 2600 or 2400 awaits. It’s possible that we have already transitioned into a trading range and the ath 2801 will be the top of it. key levels: 2500 - 2800 bull case: Right at the weekly 20ema, which has been bought for over a year. Also retested the July high, which was previous resistance for 5 months until the market finally broke strongly above it. And also trading at the lower bull trend line which started in February. Those are more than enough perfect reasons to buy this dip and I do expect bulls to try at least retesting 2620 early next week and likely the current bear trend line around 2650. The 4h 20ema has been resistance since the selling began and once bulls conquer it again, we could see acceleration upwards. Invalidation is below 2500. bear case: Bears know the selling is climactic and a proper bounce is overdue. Can they get 2500 before we get 2650 is the biggest question imo and as always, I don’t have a crystal ball. I will see if 2560 continues to be support on Monday and if we can break above 2580, which was been big resistance on Friday. Bears want to stay below 2600 and the longer they can, the less aggressive the bulls will be. 4h 20ema was resistance for the whole move down and until claimed, it continues to be. Invalidation is above 2630. outlook last week: short term: Neutral around 2700. If we stay below 2720, I can see a third leg down to retest 2650 or even go down to 2600/2620. Above 2730 I favor the bulls to go higher again. → Last Sunday we traded 2694 and now we are at 2570. Bad outlook. Bears were much stronger than expected. short term: Neutral until bulls claim 2630 again. 2540 just has to hold or if we spike down to 2500 we would have to see huge buying or this will flush down more. Bears are in full control until market trades above the 4h ema again. medium-long term - Update from 2024-11-17: Tough call for the rest of the year. If I had to guess I’d say that we rally to 2800 again before year end, just so we can sell off beginning of 2024 but it’s pure guesswork as of now. current swing trade: None chart update: Highlighted possible bear trend lines and deleted closed bull gap.
COMEX_MINI:MGC1!
by priceactiontds
Gold11.14.24 yesterday I did a video on gold and I told you that gold would probably find a reversal pattern and go higher today. so far it has done that. I decided to show you what a stop would be so that you realize that I'm using about an $800 Stop which is not a small amount of money for people who are beginning to trade. this is important because I can get stopped out of the market on a small stop of $800 and then the market turns around and goes 1000 of dollars higher. but I am still going to have a small stop even if I get stopped out and if the market moves in a certain way I'll get back in for the same trade but it'll be on a new trigger and I'm not going to worry about the fact that I stopped myself out a little early. I decided to open up a new chart on gold and then I proceeded to tell you about how I use extensions in conjunction with 2 bar reversals. please spend some time looking at this and draw these patterns on your software. I decided to use a new chart to show you what happens in markets that will find you the trigger which is a long trade for me on this example.... and what to do when the market isn't quite ready to go in your direction and how you can exit the market.... and you might even be able to do it before it hits your initial stop so you might lose less than $800 but you're out of the market. the market does a bear flag.... you get out with some minor loss or Breakeven.... and then the market finds buyers using an extension..... and now you know this may be the time you get into the market.... and then you look for a two-bar reversal going in your direction Which is higher on this example. what I didn't tell you is that sometimes the market can give you two bear Flags and then on the third attempt after you've had two losses the market reverses and makes a huge move higher....... gold is one of those markets from my experience. I actually posted on that several years back and I'm too lazy to find it but it's there. A couple of years ago my two students didn't understand how to get into a market and manage the risk... to my liking.... so I decided to use a two-bar reversal because much of the time it's a two day reversal but it gives you a very clean signal. up until that time I could look at the market from my experience and know what it looked like but I couldn't convey it to my two students so it took me some time to figure out the 2 bar reversal... and there's another aspect of it that I would call opening price and I thought it was worth taking that approach because one of my students was up at the wee hours of the morning and not many cheating her time effectively and she couldn't see the patterns efficiently...... and so I tried show her a 2 bar reversal which I thought was easy but it took some time and this hypothetical trade on gold is an example.
COMEX:GC1!
by ScottBogatin
1