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Comex

Gold Price ForecastGold prices are trading in a descending triangle, which signals volatility control. The downtrend line is projected from a high of $ 16,857.58 on June 16, while horizontal support is placed from a low of $ 1,815.73 on June 16. The golden bulls included a 20-fold exponential moving average (EMA) of $ 1,821.22. The Relative Force Index (RSI) (14), meanwhile, was able to recover in the range of 40.00-60.00, indicating that a new part of the downward motion has now been postponed.
OANDA:XAUUSD
by OAurthor
Gold Weekly Technical Analysis 27/06/2022On an hourly scale, the gold prices are trading in a symmetrical triangle that signals a slippage in the volatility. The upward sloping trendline is placed from June 14 low at $1,805.11 while the downward sloping trendline is plotted from June 16 high at $1,857.88. The greenback bulls are defending the 50-period Exponential Moving Average (EMA) at $1,828.75. Meanwhile, the Relative Strength Index (RSI) (14) has shifted into a 40.00-60.00, which bolsters a rangebound move ahead.
TVC:GOLD
by OAurthor
Gold Futures Do Not miss this Swing short opportunity Looking at the Monthly chart we can see a clear similarity in the price action from the present time to the previous ATH back in 2011. With HTF Resistance above us and previous attempts to retest those highs creating monthly lows since the August 2020 ATH I anticipate a potential SFP into the red box marked RESISTANCE before a move to the downside. This presents a great opportunity to open shorts with a generous risk reward . I have pulled some key fib levels that align with the EMAs in chart for additional confluence in those lower regions . Set alerts and wait for the trade to come to you . Always know your invalidation and stick to your trading plan . I will post my monthly Chart of the DXY index also as that analysis correlates very well with this idea. Thanks for stopping by and be sure to follow me for future analysis and updates
COMEX:GC1!Short
by SJTRADESFUTURES
2
Gold Futures - Technical Levels Gold tops out after printing a ATH back in August 2020 and then Trades within a descending channel printing Lower highs and respecting the top and bottom of the channel to contain the price action . A strong break outside of the channel in August 21 followed by a back test of the top of the channel in Sept and a healthy break to the upside after Inflation reports at 30 year highs . This leaves PA currently sitting at the POC, close above this region and we may test the next resistance or close below and we have the marked supports in chart . See my other chart on the DXY index ..linked below Know your Invalidation and Trade your Plan , I hope this gives you some insight .
COMEX:GC1!
by SJTRADESFUTURES
4
$SILVER - ugly rectangles -NOT typical bullflag, but bullish!Compare to 2010/11 Similar structure from the pullback, BUT - entered from above, and the clues about the dump were in the chart on the approach - up the lift and down the stairs, hit the rSI50 and just sh@t it self This time, its up the stairs and down teh lift, so it IS a bullsish structure. Thre's a chance of it givinng way, but there isn't that great a vacuum as people are saying. only to 20.50 - big ledge. think it's not relevant? Look where the consolidation is - right below the last one.
OANDA:XAGUSD
by UnknownUnicorn13172879
$GOLDin USD Looks like a queeze up to COMEX open time is possible... Let's see. As I said last night.. there are enough features here to sow doubt in me that it's a bearish chart. I think could go either way, but I'm leaning 51/49 to go up. As @lukeytrags has been quite upset about, the goldies are capitulating today. I think that's the last scream of capitulation as theyr race to hit RI30 and lows on charts for FBOs etc before they go up. GOtta break the back of hodlers so they're too scared to re-enter, until they aren't and they chase it all of the way up.
TVC:GOLD
by UnknownUnicorn13172879
Silver Futures Trade The Range! Longs and Shorts Silver has been in the current sideways range for 410 days and within this time it had printed its ATH of 30$ back in Feb 21. In August we tested the bottom of the current range to around 22$ with a 11% move to the upside thereafter followed by a strong rejection at 24.90 to push silver back down to the August range Lows at $22 for the back test. We are sitting at the bottom of that range so an obvious choice would be to long or you could wait and see what reaction you get at the levels marked . I have marked the area you can expect support to step in if this were to reject from 24XX for example and break down from the channel . If of course Silver claims that level 23.90 as a support then the middle of the channel will pose some resistances , with the Point of control and the .618 and the middle of channel . Taking some profits if you are long from the bottom would be a good idea or consider shorts from this region . Trade the range Until it Breaks was some great advice that I was taught ! Always Know your Invalidation and Have a Trading Plan ! Share Comment and Like ..Appreciated
COMEX:SI1!
by SJTRADESFUTURES
GOLD Trading Analysis Before COMEX OpensIt is crystal clear that the gold is ranging in an inclined corridor (see the two inclined lines) + the prices are below the VWAP (for the moment). Since there is no volume the minute I type this, it is difficult to predict exactly what is going to happen. But here are the only 2 scenarios: First, the market will break the range from above with a strong volume + break the VWAP. In this case, the prices will potentially reach the previous strong resistance (sii the horizontal line). The second scenario is to bump into the VWAP and continue the down-trend, this will result that the prices will certainly reach the previous range (see the blue rectangle). Strategy I will personally wait for the American session to open, to observe the first impulse volume. Once the volumes are here we should see the behavior of the market with the VWAP and with the "micro-resistances" (breaking it or bumping into it). Then initiate a trade when all the elements are present. Remember, we think in terms of probabilities, the market could be irrational, however, we tend to explain it and analyze the most probable scenarios.
COMEX:GC1!
by Jalal_ASFAJ