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Gc!1

GC Daily hit TargetGC Daily time frame hit the Fibonacci Limit. It will be a good idea to wait for a bearish pullback and look for buying ideas when the daily time frame is at a low price with a projected limit towards the next Fibonacci Extension. The GC daily time frame is in an up trend. The market is making higher highs and higher lows. The market just hit the daily up Fibonacci extension price point 1871.6. According to the research the market has a high percentage chance of forming a high price and pulling back. It will be a good idea to wait for the market to pull back near the daily up trend line before turning to the one hour time frame and looking for buying ideas.
COMEX:GC1!Long
by JoshuaMartinez
3
My filter before developing setups | Gold FuturesToday I will share the filter I have before taking a new setup on the precious metal. The key idea here is that every time the price was on a bullish trend, we observed clear corrections on the way to the final target. We have defined all the cases; we will trade case 4 using the three previous situations as models. The main characteristic we observe once the price takes inertia in our expected direction (bullish) is to observe corrective patterns from 4 to 9 days before the new impulse. So what I did was look at them on the 4HS chart with the idea of having an objective parameter to execute setups on all of them. CASE 1: CASE 2: CASE 3: As you can see, all the structures show an ABC pattern that helps us define the exterior edge of the structure. Once that is clear, we can define pending orders above B and set our stop loss below C. What about the target? In the previous scenarios, all of them reached a target with a 2.5 risk to reward ratio except for the last case that reached 1.8, and then we saw a total reversal. In this scenario, our final target is around 1960, with a risk to reward ratio of 2.3 The only place where we may observe reactions is on the previous resistance level of the previous trend. That may be a place where we want to protect our setup, moving our stop loss to break even. The expected duration of this setup is less than 25 days once it is executed The risk I will be taking is 3% of my trading capital on the stop loss. Thanks for reading! feel free to add any idea or chart about this setup on the comments
COMEX:GC1!Long
by ThinkingAntsOk
6
DeGRAM | GOLD forecast for the week. Target - 1902Gold breaks the downtrend for the first time and tries to reverse the global downtrend. An impulse of 2.2% of the price is a fairly strong move, which indicates a positive bullish sentiment. I think that after a strong movement there may be a rollback to the previously broken support level and continued growth. Ahead of gold is a key strong resistance level of 1902, which is very important for a huge number of traders. I am determined to expect the rise in gold. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
OANDA:XAUUSD
by DeGRAM
9
GC +400 ticks, one hour time frameThe GC one hour time frame is in an up channel. The market is at the top of the channel. The research says it will be a good idea to wait for the market to either fall towards the bottom of the channel or break above the channel before looking for the next long idea. Entry: Counter trend line break bullish either at the bottom of the channel or above the channel. STOP: In the sell zone zone. LIMIT: If entry is at the bottom of the channel. The limit will be just under the top of the channel. If entry is above the channel. The limit will be 1871.6. Once or the market provides an entry. It will be a good idea to turn to the five minute time frame and look for tunnel trader long / destination trader long ideas towards the one hour limit.
COMEX:GC1!Long
by JoshuaMartinez
2
gold way for next 7 day as we predict on friday start , gold frist go down touch 1hour support then fly up , now it must go down and touch breakup trendline then if cant break will go to 1830 trend line (if pink break gold will go to touch sma200 daily) in green arrow we can buy with SL=6.00$ or 1786 (for inter buy wait in 15 or 60 pinbar comes or it break 15 or 5min last trend line or last high) as predict friday morning ,NFP comes good,why gold go up !!!!?? dollar index go down on news FED not tapering(not increase rate soon) (eurusd is near big support , goes up , push dollar index down ) but be carefull very good NFP down pressure can push gold down this week !!!!!!! (dont inter buy in high wait low comes around 1805 and 1790 fibo 50%) www.reuters.com COT data(banks and fund money managers on gold futures , big banks have net 215000 lot buy prnt.sc
FX:XAUUSDShort
by ramin_trader2006
5
Gold Tests Key Value AreaGold has broken through 1795, and is currently in the value area between 1795 and 1815. We are seeing several red triangles on the KRI suggesting we are facing some resistance, so if we cannot solidify current levels, than expect a retracement back to the 1780's. we will have further support at 1789 then 1784. Recall that gold tested 1759 just two days ago, but we should find support at levels above this. The Kovach OBV is still pretty weak so a retracement from current levels is likely unless we can muster the momentum to break higher.
COMEX:GC1!
by quantguy
2
on gold AC going to turn green ,this mean big + trend can start as mention before , gold touch SMA200 daily true? , now can little go down but its main target is touch upper trend line 1805 ,,,if trend line break gold will fly up to 1840 big trend line we advice buy around green arrow for hold 3-7 day if you have sell , put SL in today high , close around green arrow note=calculation show gold in way to 1900$ keep monitor AC daily and AC 1hour chart (if you are new only monitor it,dont trade with it) AC=accelator occilator created by bill williams show stochastic movment www.forexfactory.com
FX:XAUUSDLong
by ramin_trader2006
1
General view of our Trading plan on XAUUSD Gold is one of my favorite assets to develop swing setups due to its consistent technical behavior. Today I will explain my general view about this setup: The key idea here is that I want to see one more bearish wave before developing setups. Why? Because based on past scenarios (3 situations), the sequence I observed before beginning a new impulse is always a double bottom. What is a double bottom? It's a situation where a price re-tests a previous support level without making a new low. That's a strong signal of accumulation happening. Here you will see an example. So I like executing setups on Gold after seeing that; it works as a solid guarantee every time I'm risking money. So at the moment, I will keep waiting for a situation like this before taking action. Remember: Patience can be your edge in the markets!
OANDA:XAUUSD
by ThinkingAntsOk
16