GOLD Can Turn Bearish Now, After Completing a 50% Retracement!GOLD futures analysis for Wed Jun 26th.
Price reached the -FVGand is reacting to it now.
This, after pulling back tothe 50% fib.
Should the FVG fail, Gold is bullish. This is not
supported by fundamentals, though.
As the market environment is more risk on than
off, I expect the -FVG to hold, and the retracement
of the last impulsive move down to end, and a new
bearish leg to begin.
Enjoy!
May profits be upon you.
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TGM1! trade ideas
Is time to be a Gold Bull?Gold has been steadily repricing lower prices since June 16th after it took out May 16th's High. On Friday, June 27th, Gold moved into the Daily BISI (+FVG) zone and retraced upside. We may see another lower prices to purge the sellside liquidity before reverse upside for the short term. I don't expect another ATH next month, unless we have the right catalyst to do so. I'd anticipate for the price action to remain inside a large consolidation within the current Dealing Range as indicated in the chart. My Bullish case will be if price breaks above the 3500 convincingly, and the Bearish case if it breaks below 3120 convincingly also. In the meantime, we'll have to be satisfied playing tic tac toe inside the range. Don't get married to a strict bias at this time. Stay nimble, and let the price presents itself to you.
Gold 4H-figment of my imagination. Chart Overview:
Timeframe: 4H (MCX)
Current Price: ₹95,524
Volume: 1.6K
Trend: Short-term bearish
📉 Observations:
1. Break of Support Zones:
Multiple support zones have been drawn on the chart:
Around ₹96,200, ₹94,700, ₹91,800, and finally near ₹86,600–82,200.
Price is now trading below the ₹96,200 support, showing clear weakness.
2. Structure:
This looks like a lower high – lower low formation.
Recent price action has broken previous swing lows, indicating bearish momentum continuation.
3. Next Key Supports:
₹94,700 – could act as the next immediate support (minor bounce possible)
₹91,800 – stronger historical zone
₹86,600 to ₹82,200 – major demand zone (strong support last seen in April)
4. Volume Analysis:
Volume hasn’t spiked significantly on the recent fall, suggesting no panic yet, but also lack of buying interest.
📌 Conclusion:
The trend is weak and corrective, favoring sell on rise until price reclaims ₹96,200 convincingly.
Safe buy zone: Near ₹91,800–₹86,600, if price shows reversal signals.
Watch out: If ₹91,800 breaks, ₹86,600 or even ₹82,200 could be tested.
Navigating Gold Futures: Support, Resistance, and ProjectionsCOMEX:GC1!
The chart appears to depict a clear five-wave pattern: I, II, III, IV, and V.
Waves I to III show strong upward movements, indicating bullish sentiment.
Wave IV looks like it could be a corrective phase, with a potential dip before another upward movement in Wave V.
Support and Resistance Levels:
The horizontal lines around 2,800 and 2,575.3 indicate critical Fibonacci retracement levels (38.20% and 50%).
If the price approaches these levels during the correction, they could serve as support, making it a potential buying opportunity.
RSI Indicator:
From the bottom indicator (RSI), we can see fluctuations in momentum, which can aid in timing trades.
Look for interpretations of the RSI: if it trends towards the extremes (overbought/oversold), that could signal reversal points.
Future Projections:
Should the market respect the outlined support levels, Wave V could potentially push towards a new high above 4,000 as indicated by the upward projection.
Market Sentiment:
Overall, the pattern suggests a bullish outlook long-term, but caution is warranted during corrective phases as prices might retrace towards support levels.
Global Gold at the Crossroads of CrisisGold’s response to historic geopolitical crises demonstrates that while “big fear” is rapidly priced in, the durability of rallies—or the depth of corrections—depends on a confluence of monetary policy, dollar valuation, oil prices, and the genuine scale of the threat.
At present, the gold market sits squarely between global “fear of instability” and “hope for de-escalation.” Divergent signals from the Fed, global central banks, and oil markets only deepen volatility, making investor decisions more complex. As previous wars (Iran–Iraq, Ukraine) have shown, gold is prone to both scenarios, but its long-term direction will be shaped by a mix of economic, policy, and psychological factors.
Agree to disagree... Gold is topping right now.My price path seen above is a complete guess but it stems from long term trend lines and more importantly order flow from last week.
On Thursday there was a #1 trade on AMEX:PHYS for $200+ Million at the green levels in my chart above (Equivalent levels). PRICE WILL 100% go to my green lines by end of this week 04/25.
We are over shooting the dark pool sale but a lot, however, this is always to trap retail and create fomo/peak fear.
In the correction/recession cycles, gold ALWAYS TOPS LAST before the crash...
Gold Builds Bullish Momentum After $3,294.0 ReboundGold bounced from $3,294.0, forming a double bottom pattern as XAU/USD consolidates near $3,330.0. Stochastic has exited oversold territory, signaling strengthening bullish momentum.
If $3,294.0 holds as support, the uptrend may continue toward the $3,393.0 target.
$MGC / $GC / Gold - Target acquired! Where are we going next.Hello fellow gamblers,
Price did not go all the way inside the target range, but it is close enough for me to be satisfied with the play and take profits. Now it is the time to be looking for where we are going next.
- I am already seeing some reversal signals in the 15min TF but no signals in the higher TFs.
- For now, we will continue going lower as long as the blue trendline is not broken, but it is possible for price to have a bounce before continuing lower. If price breaks above 3357, I am looking at that FVG gap as a possible target for the bounce.
- It is possible for price to touch that yellow trendline in the bounce, so I'll be paying attention to it.
- If we get a rejection of 3357, I can see price filling our W2 Target range and finding support at 3283. A break of that level could take us all the way down to 3222.8 - 3174.4 range shown in the chart.
- For bullish scenario, I'd want a break above 3418, but i do believe that it is still early to talk bullish scenarios, so I'll leave it for next time.
- Levels to watch: 3418 - 3357 - 3283 - 3207
Move\Manipulate/Grab/Consolidate/PushFIrst ever idea on trading view.
Bias: Bullish
I have deveoped a stratagey that uses the Trend indicator (2.3) by dviz
Wont say everything but if you get a candle whos body is completly in the "cloud" of the trend indicator.. this is a signal
candle body
1 must be smaller than the wick
2 wick has to be wick outside the cloud
green candle for reversal
red hold
70 tick stop
+50 tick tp1
+70 tick tp2
+120 tick tp1
when trade hits tp1 = risk free trade
GOLD1! Best Key Level !!This is the 1 hour Chart of Gold!.
Gold is forming a bearish structure and is consistently respecting the resistance zone, leading to a downward move. The key resistance area is between 97,800 and 97,400..
Gold is finding support in the 96,250 – 96,330 zone on the short time frame.
A breakdown below this level may trigger aggressive selling pressure.
Thank you !!
Gold Faces Pressure After Rejection at $3,376 ResistanceFenzoFx—Gold dropped from the $3,376.0 resistance, a level reinforced by the anchored VWAP. June’s bounce at $3,250.0 marks a key support for the broader bullish trend.
If the $3,250.0 support holds, XAU/USD can potentially resume its uptrend. However, a close below $3,236.6 would invalidate the bullish scenario.
Gold LongsSolid daily structure for Gold heading into the holiday weekend. Bullish going into next week if price closes bullish on the week.
Daily discount SSL swept and closed back inside the range on Monday. Daily OB confirmed on Tuesday. FVG created and inversion fvg confirmed on Wednesday.
Anticipating Thursday to possibly pull back and offer a prime continuation to the upside. I'd like to see the inversion be respected. Price can wick into the BISI but I don't want to see price close below the BISI. That's a red flag.
Targeting Equal Highs.
Gold Market Update – Buy Signal (Swing Trading)A buy signal has been confirmed on the gold market for swing trading. if we want to scalp, it’s better to focus only on long opportunities — short positions could be too risky for now.
Big buyers are active, aggressive, and clearly pushing the price up.
As for targets, I prefer not to give fixed levels. I always monitor the market in real time to see how big buyers and sellers are reacting.
Gold Holds Ground as Bulls Eye $3,410 Volume ZoneGold built support at $3,337.2 in today's trading session. However, the uptrend is capped, and the price remained below the Bearish Fair Value Gap.
From a technical standpoint, XAU/USD outlook remains bullish above $3,337.2. In this scenario, the target is likely to be the next high volume area, which stands tall at $3,410.0.
Please note that the bullish outlook should be invalidated if Gold closes and stabilizes below the $3,337.2 support.
GOLD LONG IDEA MARKET STRUCTURE CHANGEgold futures were on a full sell off due to ongoing global turbulence in the month of June macro news is there to show the bigger picture but price tells the full story
imbalance was filled and the week opened with a bearish candle closing above 3,250 COMEX:GC1! price range now it is time to see It play out to the buyside for the precious metal
$GC / $MGC / Gold - Weekend Update - 6/29Hello fellow gamblers,
The target for the ABC retracement has been hit and we are now looking for a reversal confirmation to enter any buying positions.
- The target for a possible Wave 1 of a new cycle will be above 3402.
- 3283 level needs to hold. A break of this level could take price lower towards 3208 to fill the VP gap.
- Levels to watch: 3208 - 3283 - 3357 - 3418