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Gc!1

Dollar, Gold and the Euro - where to next? I just read an idea posted in Tradingview that this is the time to buy the EURO. As well there is a lot of chatter about Gold being a gift at these levels. This big move started this week. I believe its too soon to take a position in either one of them. This is not to say there won't be backtests as investors rush in. Looking at these daily charts gives you the perspective to see what's really going on. So to be clear - the value of the US dollar (DXY) affects the EURO and GOLD - as the both are based on the relative strength of the DXY. This move isn't over - clearly the breakout is happening fast, it maybe over this upcoming week. However, that does not mean it return immediately to previous levels. Expect some accumulation and distribution. A higher US Dollar slows down: inflation, and debt ridden non-US companies with US Dollar denominated debt, who now have larger financial obligations. One thing that is VERY interesting is clear that all three, DXY, GOLD, and the EURO are balancing inside their respective triangles, for a much bigger move. If you have the answer to that - its worth a fortune. Why is this happening? The Federal Reserve has now signaled that there are at least two rate hikes forthcoming. While in Europe there is none of this talk, ergo higher rates - stronger currency. Last year there were numerous well respected pundits claiming the dollar was about to soar (such as Keith McCullough of Hedgeye and Raoul Pal of Real Vision fame) Pal wrote on Twitter April 25th, 2020: 'You see the biggest problem the world faces is the dollar. We are in a viscous doom loop where slowing growth causes the dollar to rise' I can't believe he hasn't deleted this tweet. When in fact the absolute opposite happened. So tune out the noise and watch the charts for the 'Real Vision' ;) Expect the US Dollar to push through the what is an obvious trend line and bend it not break it approaching the round psychological number of 93. This is also close to 1.61 Fib at the top of the channel. The yellow triangle is where you might consider taking a long position in either the metals or pairs that verses the US dollar. Levels are indentified where both GOLD and the EURO may fall to. As a side note, the US Equites have rallied in part because of weakness in the US Dollar, which rallied at every drop in the dollar - they may have some catch up to do as the dollar is rising faster than SPX or NDX is dropping although the Russell and DOW seemed to be paying attention.
TVC:DXY
by Maximilianned
3
gold reach fibo 61% fibo 61% and fibo 161%(for find tp) are most important fibo on gold lets see AC and stoch and ichimoku(not very important) on daily chart ichimoku give buy stoch is sell ,but going to buy in next 2-3 candel AC is red ,mean trend is sell but going to green(mean up trend comming) personaly i am waiting AC daily turn green , then big pro buyer like banks,fund trader will buy like gold manner before ,gold love double bottom , it can double bottom then in next 7-8 day going to up (best place for buy with SL under low) i have 3 buy (gray arrow on chart) imposible i close them sooner than 1920-1960 if you have buy and your lot size is pro traders lot (1000$ max 0.01 lot) 100% be relax , gold will see high in next 2-25 day , just dont close buy soon ,try wait min 1920) if you open big lot , understand i (anybody)cant predict unexpected breaking news, (for this i ask 1000 time reduce your levrage to 10 max 20 and 1000$ 0.01 lot) your problem is money manage , after close orders,stop trade on real , witdrawal all money,back to demo work on 1000$ balance and 0.01 lot and put SL in low , if dont do 100% you willl 0.00 in next nexs soon or late
FX:XAUUSDLong
by ramin_trader2006
6
GC Daily time frame at low priceGC Daily time frame is in an up trend. The market is making higher highs and higher lows. The daily time frame is moving from a high price towards a low price. Turning to the one hour time frame and looking for the market to enter into the buy zone will be a great idea. There is an up Fibonacci extension above the live market price point 1922.4 about +1,450 ticks away. Once or if the market can break the down trend line on the one hour, that would be a great place to look for long trades.
COMEX:GC1!Long
by JoshuaMartinez
gold double bottom creatingAC daily red push gold down if you cant buy before,put buylimit aroung 1842 if you have buy ,dont fear ,pull back is normal when you want pick trend (gold want create new double bottom (i was say yesterday) after buy open ,10 day give time for grow,,,dont close with little profit like stupid new traders ,close thease buys sooner than 1960 show you are week in trade control,self control after 15.00$ profit ,move sl to open price , let it go to 1960 or exit with 0
FX:XAUUSDLong
by ramin_trader2006
4
Short-Term GC The direction of GC futures is UP but the 2D bar has opened with a SSTO SELL and that is generating an arrow signaling SELL. It is very unlikely that the SSTO will close above 80. I will still consider the direction to be UP until it does close. There is the overbought (OB) trend noise balance (TNB) indicator on 1D-1W to confirm this There is a 1M BUY weakness ( WK ) indicator to confirm short/medium term There is the 2D 6UP to conflict this There are 'inactive' indicators to conflict this, the 1Q SSTO SELL signal There are 'inactive' warnings signs 1Y RSI OB, 1Y 12UP. Be aware of the cost of any potential SL and the affect of that on the account. In this scenario CMP 1864, 2W LOW SL 1855, 1 MGC contract $10.00 = 1 'point', cost = $90, In the book, Trading For A Living - a trade should not risk more than 2% of the account, account size = $90 / 0.02 = $4,500 minimum. The narrative of GC futures is exhausting due to the record 12 green 1Y closes in a row from 2001 to 2012. This caused the 1Y RSI to reach 90 in 2012. When the RSI produced a SELL signal by trading below 70, it immediately caused a crash to the 9 SMA at 1167.7 the following year. Now that the 1Y RSI has again closed above 70 last year and now sits at 75, there is a concern price will fall to the 9 SMA if it trades below 70 again. Because this is a long-term idea, I consider it 'inactive' and I only trade in the direction the daily charts are moving in. For that reason, I will consider buying between the 1D 18 SMA and the 2D 18 SMA support zone as confirmed by the OB TNB indicator. The price is already approaching the bottom of the support zone so buying is reasonable. Unfortunately the SL is above the support of 2D 18 SMA. This makes it possible that the SL will fill and price will rise directly after. The original plan was to wait for more short-term confirmations, better 1D BB conditions (at least 1XP rather than 1CP), wait for the FED interest rate decision next week. Since then, the short term condition is greatly improving with a 2H 6DN as shown on the chart. This is a relatively new indicator I am using. That is enough short-term confirmation for me to try buying. The 1D BB condition did change to 1D 1XP. This will allow gold to reach targets within its monthly range. Like I said I think this 2H 6DN is enough to confirm a pause in targeting the 2D 6UP.
COMEX:GC1!
by UnknownUnicorn23694386
USA/GOLD: the truth about $SPX-Why is the SPX a lie? For starters it weights the 500 most desirable companies and, to continue, its unit of reference is the dollar... an "unbacked" currency (as crypto fanatics say with some reason... people so blinded by their infatuation that from a half-truth they are capable of elaborating truths of a ton or even more). -Ok, and what do you want to invent, wifi rebel? There is no need to invent anything, luckily: besides the marketer SPX there is also the NYA that considers more than 2000 NYSE companies... and I believe NYA more than SPX, to make a long story short. And the dollar, although it is backed by much more than ink and paper (because behind this bill is the most powerful economy on the planet and not Argentina or Venezuela), anyway it has a lot of lies and the CPI (US Consumer Price Index) proves it every day. -And what about that? And with that it seems clear to me that we should not pay so much attention to the SPX or the dollar... especially having the NYA and gold to get a historical ratio that reflects the ups and downs in the romance between Mr. Gold and Mr. Stock Market (let's be inclusive). -And why don't you put CPI into this ratio? Well, I don't think it's necessary inasmuch as both constituents are equally affected by the depreciation of the greenish paper... so the ratio itself gives us ecumenical information on the binomial. Amen. ********************************************************************************************************** Well, let's get more serious: What we get concretely from looking at this ratio is HOW MANY GOLDEN CONTRACTS THE NYA CAN PAY OUT OVER TIME. It's that simple and that far-reaching... because if we're going to bother with "FIAT money blablabla", well then let's measure the US market in GOLD and stop whining pseudo-arguments. Does it make sense or not? I say yes... Now let's break it down: 1) the trend line below is impressive: it has three millimeter contact points... so precise that, somehow, they are backing up all the chatter I wrote above: the truth of the USA MKT is in GOLD and not USD; 2) seen this way bubbles and crises don't match sooooo much with the orthodox look in USD; 3) the "real SPX" is still bullish in very long term ... but since 2000 and the .com explosion it is still in bearish mode ... Yes: 20 years losing against gold, it's that simple .... 4) however we also see a very clear triangle figure... that was overcome to pull back to a millimeter throwback against that important TL... and now what we have is a very interesting resistance at 9.60 (NYA is paying 8.76 gold contracts and if it reaches to pay more than 9.60, "it blows up" a timberman would say). *********************************************************************************************************** Conclusion: I actually think all these arguments make sense, rationally speaking, and what I see here is very reassuring to me about "the current bubble" that has been talked about for a long time. Why? Because that bubble is measured in the "lie" of the dollar... so it is worth as much as a lie (i.e. nothing), and on the other hand in gold we have a symmetrical triangle of upward continuation that is about to be executed... with targets so astronomical that not even the most smokeseller "twistar" would dare to handle it. Think about it...
TVC:NYALong
by GusNord
GC One hour. +350 Tick bullish pushThe GC one hour time frame is in a large up trend. The market hit the up trend and is showing signs of pushing bullish towards the daily up Fibonacci extension price point 1922.4 about +350 ticks away. Entry: Counter trend line break bullish in the buy zone. STOP: 1846.5 LIMIT: 1922.4 As long as the market stays above the long term 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 opportunities.
COMEX:GC1!Long
by JoshuaMartinez
4
The Direction Of Gold Is UP TemporarilyThe direction of GC futures is UP There is the overbought (OB) trend noise balance (TNB) indicator on 1D-1W to confirm this There is a 1M BUY weakness (WK) indicator to confirm short/medium term There are no 'active' indicators to conflict this There are 'inactive' indicators to conflict this, the 1Q SSTO SELL signal There are warning signs of the 2D 6UP which filled 50% so it made an attempt to fill and not much more can be expected although typically 33.3% (1844.1) is reached for more bullish potential. There are 'inactive' warnings signs 1Y RSI OB, 1Y 12UP. Be aware of the cost of any potential SL and the affect of that on the account. In this scenario CMP 1889, 1W LOW SL 1855, 1 MGC contract $10.00 = 1 'point', cost = $340, In the book, Trading For A Living - a trade should not risk more than 2% of the account, account size = $340 / 0.02 = $17,000 minimum. The narrative of GC futures is exhausting due to the record 12 green 1Y closes in a row from 2001 to 2012. This caused the 1Y RSI to reach 90 in 2012. When the RSI produced a SELL signal by trading below 70, it immediately caused a crash to the 9 SMA at 1167.7 the following year. Now that the 1Y RSI has again closed above 70 last year and now sits at 75, there is a concern price will fall to the 9 SMA if it trades below 70 again. Because this is a long-term idea, I consider it 'inactive' and I only trade in the direction the daily charts are moving in. For that reason, I will consider buying between the 1D 18 SMA and the 2D 18 SMA support zone as confirmed by the OB TNB indicator. The price is already at the top of the support zone so buying is reasonable but because the support zone is wide, the SL is difficult to place. I do have 2 potential SL to use which I forgot to label on the chart. 1 would be the up trend line beginning 3/31 and the other would be the 1W LOW. Unfortunately these both fall above the support of 2D 18 SMA. Not only that, but there is the 2D 6UP 33.3% below that support zone. Like I said, the techincals of GC are an exhausting mess. I would wait for more short-term confirmations, better 1D BB conditions (at least 1XP rather than 1CP), wait for the FED interest rate decision next week.
COMEX:GC1!
by UnknownUnicorn23694386
2
XAUUSD the target we are aiming for. Today, we will share with you a 4hs chart on XAUUSD - In April, we opened long positions on the precious metal, and after two months, we are close to our expected target - As you can see, after the breakout of the descending channel, we observed a straight bullish movement with an ascending trendline as the main structure of the current situation. - Currently, we are observing a consolidation situation on the price after breaking a key resistance zone now working as support (1850 - 1860). We expect the price to stay above that level (otherwise, we will start thinking that our view is not going as expected) - Regarding the long-term view we have on XAUUSD. If we look at a daily chart or weekly chart, we can see that the descending channel is actually a Flag pattern of a huge impulse. And we think the bullish trend will continue in the future, making new ATH. However, we also expect a several weeks correction on the next resistance zone (where we are planning to close our entry) - Let's finish this post with the core idea. "The Target": We will be closing 100% of our position on the Green circle, we don't want to trade exactly on the edge of the resistance zone, and we rather sacrifice some pips and gain security on the target of our position. - It would not be crazy to observe an apparent breakout of the resistance zone, giving the impression that the price will keep going up; however, based on the study we made of previous situations like this one, we think a correction in that zone has a high probability. Thanks for reading!
OANDA:XAUUSDLong
by ThinkingAntsOk
6
Ready for a Move Circled are at .78 Fib retracement you can see two wicks - these were two quick rejections. I was able to sell both of them and took some profit today at yesterdays VPOC today. HOWEVER look at this price action, it went nowhere today yet managed to sweep longs and shorts. We are sitting at the top of a multi-month trend line (see related ideas) , we are also sitting on the weekly and monthly VWAPS. We have completely balanced - and now here comes the move. Looking at the RSI on the back test you'll notice how weak it is - and it was quick (barely got filled) Targets : the obviously one is the VPOC shown at 1872, HOWEVER There are more. I believe we could see 1836 to 1818. There are VPOCs there and high volume nodes to offer support. Plan: If you we get one more back test (fake move) you can take a short in the highlighted area yellow box - if price shows strength past the .78 Retracement - its invalidated. To get into this trade you might have to do so at the Asian open at 9 EST. Mostly likely they try to ramp it and sell it to retail on their open.
COMEX:GC1!Short
by Maximilianned
gold have buystop on today high today dollar index go down dont allow gold go downer , gold trend + and DXY push it up to trend now on gold AC on daily chart is full red,going turn green = buyer and + up trend 90% can comes AC on 1 hour chart now is red and little can push gold down but when it go down,red full (buysignal) and gold can go up STRONGLY ADVICE =on gold (silver) after break trend never open reverse posation , for example in next hours if gold break trend , NEVER open sell (dont pick your sell signals , gold after break trendl like caw can 300$ (30.000 pip) can go up witout pullback now gold has powerful buystop on high ,sl=low and sellstop on it if you have open sell , you must put SL on today high (instead put buystop) 1901 or 1921 break mean + trend start
FX:XAUUSDLong
by ramin_trader2006
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
Gold Forecast – Real Or False Breakout?A few weeks ago we had a look into Gold cycles, Intermarket forecasts, and COT. At that moment gold was flagging. As you know it usually follows this pattern very well. But it doesn’t mean always. The current breakout wasn’t qualified as we didn’t have a downclose candle prior to the breakout candle. Moreover, in 2012 we had a similar situation and it was a false breakout. So, I want to see more price action to figure out what is happening. In case, this breakout turns to be real, the market will target 2600 in 1 – 3 years. With all that in mind, let’s have a closer look into smaller time frames. Last week the price tested the 1856 level. It was previously a strong resistance. So, no surprise price found support there. The 4h MA200 is at 1837. Technically it should be enough to build a base and start a new wave to the upside with targets 1932 and 1960. This pattern is valid till the price holds above 1800. If this level fails, the bears could take control of this market.
COMEX:GC1!
by Inna-Rosputnia
Go for the Gold and go long.You can see that gold took a very big down move today. I think this is a retrace and not a trend. So I think this is where you can buy gold on sale. You can see that gold price now in gray rectangle and has broken out of the parallel channel. Also look at gray rectangle and you can tell that top is a support and my bottom is demand zone. Once below my demand zone then I think my theory of going up more is wrong. This is the opposite of normal conservative and aggressive entry. You can see that conservative is more profit goal, but less chance of entry (and because of this less chance of any loss = conservative entry). Aggressive entry is lower target more chance of entry (and because of this more chance for loss = aggressive entry). I have not taken entry yet because I don’t know yet what kind of entry I want. I am going to sit on my entry for a couple of hours and see what I feel. I change to black, white, grey and yellow chart because I am color blind and I easily mix up other colors. Lots of Irish people are for some reason. Sorry for the dull colors! Let me know what you think and I love thumbs up and comments! ❤️ Ms Bunny. See my other long gold strategy. It worked out good! (See link below)
COMEX:GC1!Long
by UnknownUnicorn11430563
8
take a look at gold relationship markets on NFP news day note=above chart not in USD ,in percent % in next hour dxy on trend touch can go down ,then up, break trend go upper=gold go down us 10 year yield must go little up if news not comes =gold go down gold futures still want touch 1850 trend = gold can zigzag some hour ,even little go up then in wave 2 go down to touch trend then fly up( after touch 1850 trend ,on go up NEVER NEVER pick sell signals until 1960) if you have sell your tp must be 1-2$ above big trend (1850) +buylimit for hold 7-8 day to min 1920-1960
FX:XAUUSDShort
by ramin_trader2006
3
doji comes on gold : i belive must start down trend to 1850 you can see AC is red from 4 days ago we dont advice sell on gold but now but you can sellstop on 1887 with sl on 1901 (break 1900 can shoot gold to next target 1960 so 100% put SL,dont remove in next hours,next days good US GDP 6.4% must push dollar index up ,gold to 1850 ALERT=break high will cancel above scenario ,so put buystop( sl=1887 trailstop=8.00$ )on high is good idea too secret:gold traders in 1:00GMT to 12:00GMT europe morning must monitor eurusd and germany index dax FDAX1! too (gold always move against dax in mornings , dow in evenings) note=my main instrument from 2006 is dax ,it is zigzag market ,completly difrant world,maner from gold ...i analyse many instruments,but i only pick dax (95% of my posation) and gold (5%) ,dont think i trade on all ,work on 1 thing better than many instrument ,be pro on 1 thing ,in my idea gold futures GC1! (or gold cfd XAUUSD) is easiest instrument in world ,you need just inter trend ,dont pick reverse ,dont use levrage above 10 max 20 put sl on 15min chart high/low good luck
FX:XAUUSDShort
by ramin_trader2006
5