Gc!
GC LONG IDEAThe GC one hour time frame is in an up trend.
The market is making higher highs and higher lows.
Entry: Counter trend line break bullish in
the buy zone.
STOP: 1780.2
LIMIT: 1813.1
As long as the market stays above the up trend
line. It will be a good idea to turn to the five
minute time frame and to look for tunnel trader
long / destination trader long ideas.
Technical analysis update: Gold (31st January 2022)Gold took a beating after the last FOMC. It plunged below three important support levels: 1850 USD, 1835 USD and 1800 USD; additionally, this drop invalidated the recent bullish breakout above 1835 USD. The FED's commitment to raise interest rates multiple times in 2022 poses a substantial threat to gold price. The FED's aggressive stance towards raising interest rates forces us to reassess our views. We are currently inclined towards a bearish scenario as it is being signaled by bearish technical indicators and fundamental outlook for gold. We will closely watch 1775 USD and 1750 USD price levels. Previously, the 1750 USD support level acted as the lower bound of the neutral zone. If this price level is penetrated to the downside then it tremendously increases bearish odds for gold.
Illustration 1.01
Picture above shows the daily chart of XAUUSD. It also shows the neutral zone that spans between 1750 USD and 1835 USD. Gold has been trading within this zone for most of the time for the past 6 months.
Technical analysis - daily time frame
RSI is bearish with signs of flattening. MACD points into the downside, however, it remains within the bullish zone. If it manages to cross below 0 then it will further bolster the bearish case for gold. Stochastic is bearish as well. Additionally, DM+ and DM- show a bearish trend is present. ADX increases which suggests that this trend strengthens.
Technical analysis - weekly time frame
RSI is neutral. MACD undergoes reversal just slightly above 0 points. Stochastic is bearish. DM+ and DM- are bearish too. ADX declines which signals a trend of higher degree remains neutral.
Support and resistance
Short-term resistance lies at 1835 USD. Immediate resistance lies at 1800 USD. Closest support sits at 1775 USD. Other support which has great importance lies at 1750 USD.
Please feel free to express your own ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
Gold has been on the rise since 2018We advise the viewer to wait a bit to know the result of the correction
We advise the viewer to wait a bit to know the result of the correction
We advise the viewer to wait a bit to know the result of the correction
We advise the viewer to wait a bit to know the result of the correction
We advise the viewer to wait a bit to know the result of the correction
gold 4 hour : technical say next low can be above 2 green arrowyesterday i say you AC daily is red = mini crash can start true ?
where is month low ?
above green arrow 80% is next low , we can buy (LOW SIZE) with SL =10.00 trail=10 .00 (wait time=10 day)
you can wait after touch above green arrow ,pinbar apear on 1hour or 4hour or daily candel , then pick buy with sl under pinbar low(10-15 pip under low)
or
last new trendline break in 15 or 60 min chart !!!!! understand?
IMPORTANT,read slowly
Sorrily i see many trader pick my analyse with big size or they remove SL=margincall soon or late , they think my analyse is bad , MY ANALYSE 60% is true , 40% can fail and you must,must,must eat SL (world best analysor winrate is 70%, they eat 30 SL in 100 ) trade is PROBABILITY around 50%-60% winrate , pro traders pick low levrage and size , exit bad posations with SL and their tp is very big = win ,profit in 1 year
but they eat many SL (under low,or high)
so
if you have problem with SL, remove it , or open big size , you must stop real trade now,back to demo(practice on dont touch SL , practice on levrage 1-10 and size =0.01 per 1000$ balance , in trade we dont have 100% and eat SL and pick big TP is 90% of this game(trade)
note = my TP and close must be > 3*SL or near 30.00 with avrage wait time 3-5 day)
good luck , i want you win and teach you secrets,stratgy for free after 14 year,16 hour daily trade (i eat many SL too like big banks traders!!!! control mind on stand low size, fix lot ,dont touch SL need min 3-5 year practice on demo ) i was 7 year on demo on DAX index (index harder than gold, gold is easiest instrument if you dont pick big levrage,size !!!
my telgram ID for free help , questions = same id in tradingview
Bullish Gold?
Not really - Gold would have to breakout over $1900
Last week we touched 1847 - which held, and then price dropped to about 1830
Running into a trendline which was on my chart - this trendline held. See chart at bottom.
Firstly all the shorts lined up at 1845-ish got beat today. As price worked up to the next Fib level - exactly.
I realize that many will see this as bullish as Gold went up while the markets were selling off - to my mind it was just a stop run.
Still believe we'll head lower but right with Fed meeting tomorrow - all bets are off. Its possible that they will sweep the book - go higher and then pull the rug.
You'll need expert video game reflexes to stay ahead of the Gold in next day or so.
Rather than play the futures market - I've opted for safer puts in GLD - 169 Feb 18 expiry.
I had closed my previous position for a $10 winner but it did not hit target - but honestly I took it off because of the upcoming Fed Meeting.
gold 1hour : nasdaq crash didnt allow gold go up but we have 3 angel pattern so put buystop on last high ,sellstop (not advice) in low possible ,but use very low size with SL trailstop=8.00
sellimit under 1860 trendline possible but put sl and trailstop=8.00 , if 1865 brek,gold can fly up to 1920 ok?
note=our 4 lot buy still is open, i will close 50% in 1860.... 50% in 1920
if nasdaq start go up, gold can fly up wild ,so be careful from sell side and dont open big sell (never touch SL too)
good luck ,keep watching AC 1hour and daily
GC LONG Idea +300 Ticks The GC one hour time frame is in an up channel.
The market is moving from the bottom of the
channel towards the top of the channel.
Entry: Counter trend line break bullish above the
bottom of the channel.
STOP: 1811.3
LIMIT: 1867.8
As long as the market stays above the bottom
of the channel. It will be a good idea to turn
to the five minute time frame and to look for
tunnel trader long / destination trader long
ideas towards the one hour future resistance
price point 1867.8
GOLD FUTURES -Gold Tests Higher LevelsHey trades today I want to talk about GOLD FUTURES chart
Gold has made another run for hgihs, but is facing resistance
I think meybe going up to 1820.7
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you
we inter sell now but with low size and SL if price is near sma200 1hour you can sell
this signal (break trendline then pullback and touch trendline then crash 80% give TP , 20% SL \)
however i dont like sell on gold (90% looking for buy) but pick sell this time (wait time avrage=3 day)
if you fear , wait pinbar on 15-60-1440min comes ,then sell
dont forget put buylimit near 1765 too(for hold long term)
wish you win
gold on daily chart . for better view zoom on above chart 1765 area is very important , then gold can create new butterfly pattern
be patient for buy , if we can pick new buy in 1765 , we must hold it 15-20 day to high
if gold can break low and SL , can crash to 1700 even 1600 so 100% put SL and use low size
GC - GOLD / Old Yeller shaking off the FleasCountless Traders left 2021 Longer than the Tesla Delivery Line.
Oops.
The Lunar New Year isn't going to be kind to Asian GoldBugs.
There's too many fish in the Pond once again.
Until GC can close up and over 1863 on a Weekly Basis,
Gold will continue to Build Structure in a Positive manner.
________________________________________________________
It's nemesis those pesky yields Mid-Curve are back with a Vengance
@ +7% on Day One.
We see a trend there...
Looking for Long Entry on ene hour GCThe GC one hour time frame is in an up channel.
the market is near the bottom of the channel
where historically speaking the market usually
pushes bullish towards the top of the channel.
Entry: Counter trend line break bullish above
the bottom of the channel.
STOP: In the sell zone below the las low.
LIMIT: 1830.5
Once or if the market gives the counter trend
line break entry. It will be a good idea to turn
to the five minute time frame and to look for
tunnel trader long / destination trader long
opportunities as long as the market stays in
the one hour buy zone.
Technical analysis update: Gold (21st December 2021)During the summer 2021 we expressed our belief that gold would end up trading within the range between 1750 USD/oz. and 1835 USD/oz. for an indefinite amount of time. We also noted that the bullish trend of higher degree was weakening and becoming neutral. Currently, gold trades slightly below 1800 USD/oz. Despite gold's sideways moving price action we continue to maintain a bullish view on gold, especially in the long-term. We expect an eventual bullish breakout from the neutral zone; and, at the same time, we assume such breakout will coincide with resumption of the bullish trend of higher degree. Additionally, we think this resumption of uptend will culminate in a new all time high for gold in 2022. Our view is supported by a combination of fundamental and technical factors.Main bullish drivers for gold are persistent high inflation in the U.S. and decrease in quantitative easing program (by the FED) which poses substantial threat to further rise in the general stock market. Additionally, we think the FED will be unable to raise interest rates three times in 2022. Instead, we expect the FED to backpedal on its current plans (as it did in its latest hiking cycle between 2015-2018).
Illustration 1.01
Illustration above shows the daily chart of XAUUSD. It also shows 20-day Simple Moving Average (blue) and 50-day SMA (red). Many false crossovers are observable which is indicative of the neutral trend.
Technical analysis - daily time frame
MACD remains in the bearish area. However, it points to the upside. We will observe it closely in the following days and we will watch out for bullish crossover above 0 points. We expect such a phenomenon to be accompanied by further rise in price. Stochastic oscillates in the upper area which is bullish but it currently points to the downside. RSI started to rise recently which is bullish. DM+ and DM- show bearish conditions. Though ADX remains relatively low.
Illustration 1.02
Illustration above shows the daily chart ADX based on XAUUSD. It shows relatively low value which suggests the prevailing trend is neutral.
Technical analysis - weekly time frame
MACD, RSI and Stochastic are all neutral. DM+ and DM- show bearish conditions but ADX contains low value.
Support and resistance
Closest support of tremendous importance sits at 1750 USD and breakout below this price level would force us to reassess our bullish notion. Next important support lies at 1721 USD while the major support level lies at 1676 USD. Closest resistance of high importance sits at 1835 USD. Other important resistance levels are at 1916 USD, 1959 USD, and 1965 USD. Major resistance level lies at an all time high of 2075 USD.
Illustration 1.03
Picture above shows the daily graph of XAUUSD. It depicts two alternative scenarios that current gold's setup allows.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
GC - GOLD has issuesNamely the Dot Plot, Silver can't seem to cross its 50 SMA.
Silver need to begin leading, but with the DX in the Desert
and field curve suggesting further depression ahead.
Do you buy the yellow dog or sit patiently for the next
FED crazed injections after the correction.
Seasonal Favorability, but... anything can happen as the Bond
Wood Panel Guru is suggesting Si is a Buy.
Davie MOrgan PArt Duex.
1800 - 1830 Range for now
____________________________________________________
Popcorn here.
GOLD NEW YEAR DISCUSSIONGOLD always has been a long term player on the price action.
What do you think on the price action next year and the following few years.
What do you see on the chart?
Personal view; 2019 lows has to be taken out or test 2018 broken resistant before we see a new ATH on GC.
Remember 2008-11 bull run then bear market 11-18 tested 2008 broken resistant!!
History tend to repeat itself!
Happy New year everyone!