Gold breakout to $2,500I think after four years of getting rejected and sinking back down, gold finally looks like it's ready to break out. If it does I think it's going to break out hard and we could see a quick (but short lived) run to $2,500. Let's see. Longby Teflonwulfie4
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. Shortby CityIndexUpdated 6
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.by MarketIntel113
Textbook RectangleIf you were to draw a channel/rectangle for #gold futures daily chart, this one has the most relevant hits. These are the best set-ups IMO. Price is squeezing.Longby DollarCostAverage110
Sellside liquidity long on goldTwo realtive equal low = Sellside liquidity Long with target buyside liqLongby responsibletrad8r0
CG1 looking for gold to climb Gold has been testing the resistance of 2027 and looks set to finally break free once it has a retrace to 2024. look for a breakout at 2028 Longby reececarhaz5
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.by TSuth5
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.Longby DTrades0101221
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. Shortby revilo1987Updated 115
GOLD: Feb 14, 2024Analyst: Shane Hua (CEWA-Master Candidate), Good evening, Gold reached its peak with wave 2 (Circled) earlier than expected. As a result, the Bear market view has become clear in a broad context. The target for the short-term decline is 1989.2, while the price remains below the 2017.1 level, rising higher shows that wave (4) is ready and could peak at any time and the price action continues falling with wave (5).Shortby ShaneHua112
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 throughShortby priceactiontds1
-9% to fill the gap near 1.9k?despite the potential rate cut soon on 2024, i do expect this movement on march for the gold as we have a gap showing in the daily chart at $1900. please be careful in using leverage whiling going long in gold or/ for short term traders. by fghareeb4
#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. Longby lubosi2
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.Educationby Timonrosso4
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.by TSuth117
Bullish GOLDAs we can clearly see the bullish pattern in gold on 1D timeframe can go bullish after confirmation. Share the thought regarding the idea.Longby KUSHSALAT70
Sideways Setup on GoldHere is a classic set it and forget it trade for any sideways market. Just remember to take a small risk and only trade this strategy in a sideways market. I have this entire strategy written out with step by step instructions. Click the link in my profile and I will send it to you. Enjoy! Chris Juliano TrendCloud Trading07:03by thechrisjuliano2
Best Strategy For Trading Gold! Whenever you see Gold in a sideways pattern its always best to use this winning strategy. TrendCloud can be use specifically as a tool to trade any sideways pattern. If you want the full details and free mini course on how to trade gold then click the link in my profile for immediate access. Use this strategy this month and let me know how it worked for you. 10:32by thechrisjuliano0
Gold continues within tight range triangle patternGold continues within tight range triangle pattern. After powell insignificant talk of rate cuts(in a mid n yes/no talk) gold following same pattern n might wait for a breakthrough by any big shock. Chart showing wait n watch conditions. So let's see which side it go. Overall if rate cut not possible in near term than that's a bearish for market but nowadays it's all about data. So not sure but I'm very bullish during rate cuts. by ktra_commodities1
Bullion Ballet: Trading the Gold Platinum RatioGold is the favoured precious metal. Its demand reflects consumer consumption of jewellery, investment demand, and monetary policy conditions. In a previous paper , Mint Finance highlighted these factors in detail. Platinum is also a precious metal, used to create jewellery and to a small extent as a form of investment. Crucially, unlike gold (6% industrial demand), platinum (73% industrial demand) is used more extensively for industrial applications. As gold and platinum share the source of jewellery demand, their performance is generally positively correlated. However, due to the distinct sources of demand as well as the extent to which each precious metal is used for each application, the correlation can break. These periods can offer tactical trading opportunities to benefit from the relative performance of CME Group’s precious metals suite. Particularly in a key ratio called the Gold to Platinum Ratio (“GPR”) which measures the price of gold relative to platinum. WHAT DRIVES THE GOLD-PLATINUM-RATIO The GPR is affected by monetary policy. Though the ratio does not show a distinct impact upon the first-rate cuts by Fed, rapid rate cuts in response to economic crises such as recessions can cause it to rally. The GPR increases during recessions due to investor preference for gold during times of crisis. Interestingly, the ratio has been rising since 2008 as gold price reaches new record highs, while platinum currently faces a cyclical downturn. RECESSION MAY BE UNLIKELY While the GPR faces the potential to increase during a potential recession, there are signs that a recession may be unlikely in the US. US spending remains resilient and has contributed to faster than expected GDP growth in 2023. While growth slowed heading into Q4 2023, it is still expected to expand at a strong 2% in the quarter. Moreover, the January BLS nonfarm payrolls report showed a massive 353k new jobs added. Wage growth was strong at 0.6% MoM, double the analyst estimate. Strong labour market and consumer spending in the US point to a healthier than expected economy. INDUSTRIAL SLOWDOWN WILL STILL HAMPER PLATINUM DEMAND In 2023, 33% of platinum’s demand came from industrial sources according to data from the World Platinum Investment Council . Platinum is used as a catalyst for several crucial industrial chemical processes. In addition, automotive demand represents a further 40% of total platinum demand. In the automotive industry, platinum is used in catalytic converters to reduce emissions. This has been a recent driver of platinum demand due to rising emissions standards and the so-called platinum-for-palladium substitution. In short, palladium is a Platinum Group Metal (PGM) which can be used interchangeably in automotive applications. The surge in palladium prices prompted many automakers to replace it with platinum. These changes will be in place for the lifetime of a car’s production so this trend will benefit platinum for an extended period. While platinum is a standout among the so-called Platinum Group Metals (PGM), the industry has been facing a downturn over the past 2 years with prices sharply lower. Ample above-ground inventories as well as low investment demand has hampered platinum performance. This downturn may not be permanent. Higher automotive demand and growth in hydrogen vehicles are expected to be long-term growth drivers for platinum. For 2024, the World Platinum Investment Council forecasts a smaller supply deficit than 2023. This is largely due to lower industrial and investment demand as well as improved supply. Anglo American, one of the largest producers of refined platinum stated that it expects PGM production to improve, which means ample supply. During 2023, production was hampered in South Africa. Going forward, PGM’s are meant to be a major driver for the mining giant, so efforts to improve production are under way and management also expects prices to recover. However, continued cost pressures may force miners to scale back production. Overall, the slowdown in chemical and petroleum demand as well as ample supply will limit Platinum’s performance in 2024, though price does face upside potential in the medium-to-long term. BENEFITS OF TRADING THE RATIO Platinum faces a mixed outlook in 2024, while there are several long-term demand growth drivers pushing price up, it faces uncertain but bearish production and demand outlooks for 2024. Similarly, gold is benefiting from heightened geo-political risk and strong central bank demand but faces resistance as prices reaches new record highs and a recession looks unlikely. Mint Finance covered some of these factors in detail in a previous post . While the outlook for both precious metals alone is uncertain, a trade on the back of the GPR favours gold. Not only has the ratio been on an uptrend for the past decade, it has outperformed both gold and platinum prices. Moreover, the ratio is not prone to overly large corrections. The largest drawdown in the ratio was smaller than the largest drawdown in gold and platinum prices. HYPOTHETICAL TRADE SETUP To express a position on GPR, investors can opt to use CME Group’s suite of precious metals future. Margin offset of 50% is available for a trade consisting of 1 gold (GC) contract and 2 platinum (PL) contracts. Executing a trade on the May futures contracts (GCK2024 and PLK2024), requires margin of: (Margin for Gold Leg + 2 x Margin for Platinum Leg) = (USD 8,300 + 2 x USD 2,800) = USD 13,900 – margin offset of 50% = USD 6,950. CME options on gold and platinum point to a bullish outlook for both but gold positioning is more bullish than platinum. As of 5/Feb, Gold options have a put/call ratio of 0.48 while platinum options have a put/call ratio of 0.75. Consider the following hypothetical trade setup: Entry: 2.275 Target: 2.530 Stop Loss: 2.100 Profit at Target: USD 23,013 Loss at Stop: USD 15,803 Reward to Risk: 1.46x This position benefits when: • Gold price rises faster than platinum. • Gold price falls slower than platinum. The position loses when: • Gold price rises slower than platinum. • Gold price falls faster than platinum. MARKET DATA CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com DISCLAIMER This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services. Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.Editors' picksLongby mintdotfinance1515814
Dxy and gold2.6.24 I started the video cleaning up some issues on oil which I believe is going higher. This video is about the dollar which I think will trade lower but I'm not sure how much lower, and this market has an opening price trade suggesting it We'll go lower. After some discussion on that I went to the gold chart and I framed it for you... the details are fairly clear so I won't discuss it here.... and this may be a long trade for gold which has a two-bar reversal but I'm not sure how comfortable I am with the signal even though it could be traded for a long trade with a small stop. So let's take a look at it and see what happens. I am a big proponent of having an analytical view of the market as long as you have a discretionary point of view to study the markets that you're not so clear about... because of the market... and just watch it and get familiar with certain markets that aren't as easy to trade. REMEMER: The oil market is an oversold market with lots of negative behavior which is exactly what I would look for to become a buyer. The dynamics of gold are different from the dynamics of the oil market. Can you see why?20:00by ScottBogatin6
GOLD continue with the Downtrend 👇On GOLD is nice to see strong sell-off from the price 2071, there are nice to see strong volume area.... Where is lot of contract accumulated... I thing that sellers from this area will be defend this short position... and when the price come back to this area, strong sellers will be push down the market again... Downtrend + Strong volume area is my mainly reason for this short trade.... Happy trading Daleby Trader_Dale112