Get started

Gc!1

GC1! Sellers In Panic! BUY! My dear friends , I analysed this chart on GC1!, and concluded the following: The asset is approaching an important pivot point 1944.1 Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Goal - 1966.1 My Stop Loss - 1931.9 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
COMEX:GC1!Long
by AnabelSignals
10
Gold and stocks are showing more signs of decouplingAfter expressing our concerns about gold's rally in early May 2023, we saw it tumble as low as $1,932.11 just two days ago. Since this low, gold’s price rebounded above $1,970 and then weakened again. Currently, it trades near $1,955 per troy ounce. That brings us to a similar assessment as in our previous article, and we will pay attention to the two closest levels of importance, particularly near $1,952 (support) and $1,959 (resistance). If the price breaks below the support, it will be bearish for the short-term; contrarily, if it breaks and holds above the resistance, it will be bullish. Regarding technical indicators on the daily time frame, we are observing MACD, which is slightly flattening; if it starts turning to the upside (and eventually breaks above the midpoint), it will be a bullish sign. The same applies to rising RSI and Stochastic (and also to converging DM+ and DM-). As for our current stance, we continue to be worried about gold’s performance in the short term as it is still possible that more downside will follow. Despite that, there is one development we are starting to notice increasingly more. Last year, when the stock market was declining, it weighed on gold, which saw investors taking profits in order to cover losses elsewhere. As of late, however, gold has been sold off as the stock market turned into this “complacency” phase, with approximately six companies dragging the whole U.S. market higher. We plan to be attentive to this decoupling, as it might be a very important development for gold going forward, and we can start seeing it perform well despite stocks selling off. Illustration 1.01 Illustration 1.01 shows the daily chart of XAUUSD. The yellow arrow indicates a bearish crossover between the 20-day SMA and the 50-day SMA. We will pay close attention to volume. If it continues to decline, that might suggest that the selling pressure is cooling off. Technical analysis Daily = Bearish Weekly = Slightly bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your 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 be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSD
by Tradersweekly
9
Gold 4hour : as predicted on high ,it reach 1925 ,now we mustwe must wait gold reach big trendline area and create buy pinbar on 1h-4h-daily chart ,then pick buy with SL in pinbar low and hold it 30 day to near 2020 area (then can reach 2200) let see gold futures daily candels and AC indicator DONT INTER GOLD WITHOUT PINBAR VERFY ,,,with bad news it can go downer,,,inter safe late buy better than risky buy dont close this excellent buy soon lke new traders ,,,try wait too much (mini crash on up trend is normal,dont fear from go down) ,,,pro trader can wait above 3 month(yearly profit is important,not daily) 100% i wish you win ❤️
FX:XAUUSDLong
by ramin_trader2006
Gold (GC) versus Gold Volatiliy (GZV) Monthly AnalysisI took the gold volatility index GVZ and created a simple regression trend from 2008 to present on a monthly chart. I then took the points at which the GVZ spiked above two standard deviations of the trend. These points are the vertical lines on the chart. The vertical lines, or points which had a large spike (all above a reading of 30) on GVZ in most cases indicated a marked trend change in gold. Gold has a cup & handle chart pattern, and has been trending mostly sideways on "the handle". This is a bullish setup. Presently, the GZV reading is 21.05, and Gold (so far) has shown some support around 1940-1950. However, should GZV "spike" above 30, then I would consider the prospect of a major move (could be either direction, as patterns are not sacred). However, in 12/21 and 3/22, there was no significant trend change (i.e., gold stays inside the handle), and I consider that a positive. The breakdown of the handle is around 1618 or prior pivot low. Fortunately, if there is a major spike above 30, there still should be ample time to adjust. Should GZV spike and Gold breaks out above, then you will witness a cup & handle breakout. This is a long term perspective, so if you can't stand the volatility, find another trade.
COMEX:GC1!Long
by UnknownUnicorn13101
3
GC Bearish flag... again!must be pirates doing all the trading.. so may flaggies.. heres another one.. hopefully those pesky pirates will drop the poley woley.. should hopefully end up where the bars pattern (pink fake bars) end 1898.98 (i know .. lots of 9's and 8's.. it is what it is trollops! :p) .. hopefully another fun trip down south.. if these pesky pirates keep travelling south theyre gonna end up in australia having sold all their gold! .. silly billies! dont trade if youre rubbish at self control and money management.. not really a good idea.. is it? nope.. it is most definitely not ;)
TVC:GOLDShort
by rodnaaaaay
Gold's struggle ahead?In the last article, we expressed a bullish bias for gold in the long term. However, we also noted that we could not ignore certain worrying signs that were putting us on a high alert in the short term; in particular, we mentioned 20-day SMA and 50-day SMA closing the gap and low volume accompanying the price higher. Since then, the price of gold has slumped from $2,027 to $1,955, representing approximately a 3.5% decline. At the moment, a significant development we are closely tracking is whether the 20-day SMA drops beneath the 50-day SMA; if yes, then it will bolster the bearish case in the short-term/medium-term. Besides that, we also pay close attention to the support levels at $1,959 and $1,952; if the price breaks below them, it will be bearish for the short term. Contrarily, if the supports halt the selling pressure, it will be positive for gold. As for some other developments on the daily chart, we are watching RSI and MACD, which are both bearish; in fact, MACD broke below the midpoint, which suggests more downside for the short-term. Consequently, we stay on high alert. In regard to the price target on the downside, we abstain from setting one as we deem it difficult to assess. But, in our opinion, the $1,925 or $1,900 (and potentially even $1,875) price tags are not out of reach. Because of that, we think it is still prudent to wait for a better price and stay on the sidelines. Illustration 1.01 The picture above shows the daily chart of XAUUSD. Yellow arrows indicate gold’s failures to overtake all-time highs. Technical analysis Daily = Bearish Weekly = Neutral/Slightly bearish Please feel free to express your 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 be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDShort
by Tradersweekly
6
GOLD 4hour = all pro traders eye on red trendline AC indicator on daily chart now is full red and going to turn green (this mean if low not break we will see up trend soon) check AC on daily chart 3 scenario possible for gold for coming week 30% 1-2 day range then go down to 1925 (we must buy there and hold it 30-40 day) then start up trend or 40% go up and touch red trendline then go down to 1925 ....then go up or 20% go up wild to fibo 61% 2030 even upper to 2080 area wish you win my friends,,,like always for pick position wait for PINBAR VERFY on gold
FX:XAUUSD
by ramin_trader2006
Gold Update (weekly Chart)Gold today broke through the flag bottom at 1985, so the seasonal effect is in play. I have three targets as of now: 1947.63, the pivot point of the weekly chart flag pole; 1924.60, the mid-point of the flag poll; 1921.6, the Gann confluence line (which would also be the base of the prior flag last year). I see 1924 to 1921 as the likely target. If we had a sell off like last year, we would be looking at a low in the 1700 range -- highly unlikely. If that happened, I would load up the boat. I am still bullish on gold long term, the macro elements are undeniable.
COMEX:GC1!Long
by UnknownUnicorn13101
Gold reaffirms its position of "safe heaven"In the current financial landscape, gold continues to emerge as a resilient asset, demonstrating impressive growth year to date. With an 11% increase in value thus far, gold's performance surpassed last year's modest 1.3% gain during the same period. This remarkable appreciation can be attributed to a combination of multiple factors, including economic uncertainty, inflationary pressures, and investor sentiment. As the world grapples with these challenges, gold continues to solidify its position as a safe haven for investors seeking stability and a hedge against financial turbulence. Moreover, the ongoing strength of this precious metal reaffirms its enduring appeal as a strategic investment choice in an unpredictable global economy. While we maintain a bullish stance on gold in the long term, we must also consider the potential impact of stock market fluctuations on gold prices. As seen in previous instances, a weakening stock market can weigh on the price of gold, much like it did last year. With this in mind, we believe it would be prudent for investors to wait for a significant pullback in the price before adding more to their positions. In our previous article, we highlighted the deviation of gold's price from its 50-day Simple Moving Average (SMA), which could have foreshadowed a retracement toward this indicator. Since then, the price has remained highly volatile, yet it has failed to retrace toward the 50-day SMA; in fact, the price and 50-day SMA have been gradually closing this gap. Nevertheless, we will continue to closely monitor key metrics, such as the 50-day and 20-day SMAs, along with trading volume, which has been declining since May 4th, 2023, when gold nearly broke above an all-time high. The decreasing volume is not particularly bullish and puts us on high alert. Illustration 1.01 Illustration 1.01 shows the daily chart of XAUUSD. The red arrow shows declining volume since 4th May 2023. Technical analysis Daily = Neutral Weekly = Bullish Please feel free to express your 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 be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSD
by Tradersweekly
14
GC HnS shortHead and Shoulders pattern identified, so short established at 2048 at uptrend breach fri 5th may. price annoyingly breached resistance at 2020 so had to hedge orders back up to 2046. further shorts were added from 2040. im expecting the price to reach at least between 1984-1987 area although i do think it may well over shoot before a pull back from that target area. if the price pulls back and PA indicates a down move, i may add shorts to target 1975-1978 area but will have to see how things pan out
FX_IDC:XAUUSDShort
by rodnaaaaay
Gold Bugs Squished?I've been talking about Gold COMEX:GC1! hitting a major high for my last two Livestreams (catch them Friday at 4pm Eastern after the market close). The current price action warrants a standalone post. Each Livestream for many months has had at least one person ask what I thought about Gold. It was very simple: Gold was trending UP to test the major Monthly highs. In many of my social market chats about two weeks ago my gold bug friends began getting very excited. I urged caution. Price MUST break the high and confirm the breakout before getting long at this major Resistance Level. Now it looks as of gold price is respecting this monthly high from the last few years. To be contrarian I had to short Gold (using AMEX:GLD ) based upon a Spike setup from Friday May 5th's high. Last week price pulled back and "should have gone" to retest and break the high. It did not and returned back inside the range. This sets up a short. I also know from taking market sentiment that a lot of traders may have gotten a bit overly optimistic. This could setup for a good pullback to at least the 1850 Level.
COMEX:GC1!Short
by norok
1
Gold Futures (GC) Weekly is Bull Flagging, But.....Gold is currently in a flag similar to that experienced last March and April. Last year's flag broke down, very unusual for this formation (normally it is a continuation pattern). Most likely the breakdown can be explained by the strong ramp up in the dollar index last year. Also, gold seasonality is usually weakest starting in April - June. This flag is very tight, and being very near the all time high of 2089.20 at the flag peak of 2085.4 -- so I am biased in thinking that this flag may not reverse, even should DXY show strength. Of course, there are numerous geopolitical and other macro events which can have a positive effect on gold, if they create uncertainty. Key areas to watch. A break below 1985.60 and hold and it will signal another flag breakdown. A break above and hold of 2085.40 (flag peak) and it signifies a bull flag continuation. These are simple areas to watch and are significant.
COMEX:GC1!Long
by UnknownUnicorn13101
1
gold 4 hour say:break red line is new sell signal ICHIMOKU on my chart is for daily chart ,,,,it not important on gold (break trend is king on gold) , ,,,but i want show you 1925 is down target ALERT= on news gold can go up , so put SL on last highs dont pick buy until 1925 area ,,,,buy now is very dangrous ,,,,if you have buys,put SL in today low if you have sell, wait 4-5 day,dont close soon wish you win ,,,,keep wach AC indicator on daily chart ,,,,it say downtrend will start(if last high not break)
FX:XAUUSDShort
by ramin_trader2006
Joe G2H - Selling Gold, huge reversal on the dailyTrade Idea: Selling Gold Reasoning: Major reversal on the daily. Entry Level: 2034 Take Profit Level: 2003.75 Stop Loss: 2048 Risk/Reward: 2.1/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
FOREXCOM:XAUUSDShort
by Signal_Centre
GOLD Update (weekly chart)Do you see how well those Gann fans squared work? -- Gold consolidates at the Gann confluence and either flags to resume is present path along its Gann ray, or it puts in a reversal at the Gann confluence (the crisscrosses of the fan lines). It most often resumes its path along the fan rays. I currently have two possible paths for gold. The first possibility is a fallback from the current level to around 1951.5 on 8/23/23 (downward sloping red arrow). From there. I could see an upward resumption to 2035.5 by 12/26/23. I have two questions about this scenario: 1) Will gold this year follow its historical seasonal tendencies? I'm speaking of gold in US dollars. If gold follows its historical seasonality, it should sell off during the summer months. Historically (from 2004 to 2022) the percentage gold has closed higher each month is as follows: May (47%), June (42%), July (63%), August (63%), Sept (42%). The fourth quarter has historically been bullish for gold. Given this pattern, we would see a selloff around May and June. 2) Is there anything "normal" about this year? We have escalating financial banking stress, potential budget standoffs, geopolitical tensions, and geopolitical forex coalitions being formed. None of these augment well for stability. The second possibility, shown by the upward sloping arrow, is that given current macro tensions, gold will continue its current path and reach 2237 by 12/26/23, and 2407 by 4/29/24. This scenario makes the most sense, from a macro event perspective, as well as the "geometric construct" of the chart -- the current trend should continue to follow along the current ray, which is also aligned to the purple colored Gartley 1.618 extension (which ends at 2407) which is drawn from a starting point of September 2018 (which coincidentally, happens to be the last belt tightening period of the FED). The current point & figure objective is 2596 and is taken from the stockcharts.com P&F chart using a three box construct and based on ATR 14 (you should always use ATR on a P&F chart for commodities like gold). I am in the camp for the second scenario, I believe gold should be around 2237 by year end and around 2407-2596 by April of 2024.
COMEX:GC1!Long
by UnknownUnicorn13101