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GC1! (Gold Futures)

GC1! Gold Futures Short setup I present to you a possible scenario going into the weeks ahead . Gold finished Friday 13 Oct very strong with a move that no doubt destroyed many whom were taken by surprise with the aggressive move out of 1880 back up to 1945 in one trading session . The question is what's next? Well no one has the exact answer but here is a possible scenario which could be on the cards . I would not be surprised to see a small pull back and all the shorts to pile in trying to sell the top before getting trapped/destroyed with another move up towards $1970 taking out the sept 20 high/liquidity before a much bigger move to the downside. To give my chart the uncongested cleanest look , I have removed some of the levels inside of the Fib Channel to make it easier on the eye . Above we have a High volume Node+ Liquidity and the golden pocket + Fib Channel as confluences . I will be expecting a reaction at this region and will act accordingly . More data will be required to determine if this is to be another LH on the HTF or a deep RT and continuation to the upside . Set alerts at the given region and manage your SL in accordance with your trading plan and appetite for risk. Like and follow for more setups like this and check out my previous analysis on Gold
COMEX:GC1!Short
by SJTRADESFUTURES
GOLD → The market is targeting 0.618 fibo ($1895) OANDA:XAUUSD is entering the empty range from 1885 to 1915. The only level the market will still be able to interact with, before reaching the 1915 target, is in the 1895 area - a strong liquidity area Today we see a break of the resistance at 1885 after a small retest. A momentum is formed, which tells us about a further target in the form of 1895 resistance, formed back in June 2023. It is worth paying attention to this area, because here is also 0.618 Fibo, which is an important level for the market. Since there are no important areas of resistance and liquidity in the whole range of 1885 - 1915 except this zone, it is here that some struggle on the market may take place and a correction to the support may be formed before further growth. The market now has a strong fundamental component (economic news, crisis and war) - all this increases the interest to the metal, but it should be understood that the market cannot grow all the time, sometimes it will fall (correction). SMA 1H - strong support, and 4H - MA-200 will be tested in the medium term (in the area of 0.618 fibo) Support levels: 1885 Resistance levels: 1895, local ascending line, SMA200 I expect continuation of growth to the mentioned resistance area from which a correction to support may follow before further growth to 1915 OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAGUSD COMEX:SI1! CAPITALCOM:US500 TVC:DXY Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
26
GOLD → Strong bullish trend feels no resistance OANDA:XAUUSD does not react to the nuances of technical analysis and is actively growing. But, the growth is accompanied by a consolidation moment, which can become a lever for further rsot. Even against the background of the trend, the price is able to accumulate potential The breakthrough of resistance 1877.6 is formed and the price aspires to the important level for the medium-term perspective - 1885. Most likely, with the current fundamental features, the level will be broken in the near future, but before that a correction or a retest of the support before further growth may follow. There are a number of important news for the US market today. Worth paying attention to: Core CPI, CPI, Initial Jobless Claims. Lately there is more news about inflation stabilization, but it is not enough for the medium and long term. In any case, this is more positive news for the market. For gold, this is a positive nuance as the TVC:DXY will continue on a localized downward course Resistance levels: 1885, rising line Support levels: 1878.6, 1877,6, 1872.7 In the long term, I expect a correction from 1885 and the formation of a retest back to the level for further breakout of the resistance zone COMEX_MINI:MGC1! OANDA:XAGUSD COMEX:GC1! CAPITALCOM:US500 Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
25
🥇GOLD - Range resistance is the target Gold updates the high to 1874. Yesterday I pointed out the bullish pattern - the market is in the realization phase and gives us a 150pips rise, but we haven't reached the target yet TA on the high timeframe: 1) Strong bullish trend continues. Against the background of the crisis in the world, the interest in gold is only increasing 2) The medium-term target has not been reached yet. The growth will continue TA on the low timeframe: 1) A small pullback may follow before jumping to 1877.7. 2) After reaching 1877.7, I expect a false breakdown followed by a decline, most likely to the support of the mentioned range - 1857. 3) Short-term target is 1877, then 1857. And what will happen next, we will follow the price reaction to these zones. Key resistance📈: 1877.7 Key support📉: 1866, 1857
OANDA:XAUUSDLong
by AndeWave
3
GOLD → The market is aimed at resistance retest OANDA:XAUUSD enters the 1857-1877 range, consolidates above the support and makes a new jump. Yesterday I talked about strong fundamentals, relative to technical analysis and what we see is a breakout of said resistance. Today PPI - one of the inflation indicators is published and at 18:00 GMT FOMC Meeting Minutes - most likely the information trend of previous periods will be preserved. At the same time TVC:DXY is in the phase of correction to the support area, the publication of bullish news for the dollar may resume further growth of the index, which will partly affect the gold. In the nearest future the market may test the resistance of 1877, after which the price may roll back to the support. In the long term, the market may trade inside the sideways range to determine the further scenario, but it should be understood that gold is bought up during the war. In the absence of further escalation of the conflict, the price may decline, but not significantly: the longer-term factor - expectations of the end of the Fed rate hike cycle - is also having an impact. Resistance levels: 1874, 1877.5 Support levels: 1857.7 In the future, I expect a retest of resistance and subsequent rebound with further forging of the sideways range OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! OANDA:XAGUSD TVC:DXY CAPITALCOM:US500 Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
47
GOLD → Fundamental is stronger than the technical part OANDA:XAUUSD is making a new jump. Actually, we talked about it yesterday. Geopolitics affects the interest in gold and the price of the metal. The trend resistance is broken and the price changes the local trend. Let's take a look at the D1 chart . There is a rather interesting and at the same time controversial situation, in which fundamental factors can be stronger than technical ones. The price is approaching the retest of a strong resistance line, which has 5 serious confirmations over the last year and a half, so we should wait for a fall when this line is retested. BUT! At the same time we have strong fundamental factors, on the side of which are such technical nuances as: local consolidation, resistance breakout and candlestick pattern, which hint at further growth. Also, on the D1, the price breaks the level of 1856.4 and on Monday the session closes above this area. On the local chart, the price breaks up, updates the local high and forms a retest of the range support. By the way, relative to this support, I expect the entry point forging. The price closing above one of the mentioned lines will give us a bullish potential Support levels: 1857.7, 1856,4, 1846,3 Resistance levels: 1863.7, 1877.56 In the long term I expect the growth to continue, but after a local correction. Targets are indicated on the chart. OANDA:XAUUSD OANDA:XAGUSD COMEX:GC1! COMEX_MINI:MGC1! COMEX:SI1! CAPITALCOM:US500 TVC:DXY Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
14
🥇GOLD - A reversal pattern. Key level 1857GOLD is forming a reversal pattern that changes the local trend. At the moment, for the market to continue the growth scenario, we are interested in the level of 1857.7. If gold can hold this level, we will see the realization of the pattern and growth to 1877 and to 1901. TA on the high timeframe: 1) Price inside the range 1875 - 1815. But resistance has not been reached yet. 1875 area is the actual target at the moment 2) A strong pullback is being formed, the target of which may be the area of 1885-1890. TA on low timeframe: 1) A reversal pattern " Cup with a handle" is being formed. Exit beyond the resistance of the local consolidation will give us growth and realization of the setup. 2) Flat support retest of 1857 is forming. 3) I am waiting for price consolidation above. It is necessary to confirm that the market is ready for growth. Key support📉: 1855-1854, 1845 Key resistance📈: 1866, 1873, 1877
OANDA:XAUUSDLong
by AndeWave
14
🥇GOLD - The market may strengthen the price GOLD has been rising since the opening. The reason is the conflict in the Middle East and the fundamental factors of last week. Consolidation is forming and most likely the price may test the support before further growth. TA on the timeframe: 1) The reason for the rise today is the geopolitical factor. And as we know, in all crisis situations there is a growing interest in gold. 2) False breakout of strong 0.5 fibo level. FB may be followed by strong growth TA on the low timeframe: 1) Price is consolidating in a narrow range. Most likely a strong impulse may be followed by a retest of 0.5 fibo support 2) At the moment people still do not know what to do and are preparing to buy gold, but before further growth the market can fool the player and take out stoplosses, which are below 1846. 3) waiting for a rise to 1878 Key support📉: 1846, 1840 Key resistance📈: 1853
OANDA:XAUUSDLong
by AndeWave
20
gold 4hour = down move not end, wave 2 will comescheck AC daily , it showed last crash I think gold will go downer ,then will sta4t up trend above Fino 61% I will buy (near 10.000$) and hold it min 1 month if you have old buys, 100% hedge them under red arrow ( never close hedge order first) save in your mind = for 1000 time I say you don't inter gold without pinbar(1h,4h,daily chart) verfy and must must must put SL at pinbar ... . if you don't put/eat SL ,you will margin cal and 0.00 soon or late, SL is base of this game I want you win and profit
FX:XAUUSDShort
by ramin_trader2006
XAUUSD: Shortterm rally but consider last week's 1W MA50 reboundGold opened much higher today in the aftermath of the Israel geopolitics, with a move that has technically corrected the previously oversold 1D technical outlook (RSI = 38.184, MACD = -22.590, ADX = 40.526). Regardless of the fundamentals related to the conflict, the 1D MACD is reversing towards a Bullish Cross from deeply oversold territory and a rally to the 1D MA50 seems a quite probable outcome based on the August and July runs. The target is Fibonacci 0.5 (TP = 1,880) which was reached (even surpassed) on both those bullish legs. In addition, last week's candle closing was over the 1W MA200, after hitting it for the first time in 11 months. This can be a hint towards a potential long term bullish reversal, but what we can do now with such geopolitics involved is take it day by day. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
2
GOLD → New reasons for price movementOANDA:XAUUSD has been forming a small gap since the opening of the session (the situation may differ at different brokers) and essentially continues the move from Friday's fundamental leverage There was quite a lot of news over the past weekend, including a serious conflict in the middle east. Adding to the bullish narrative in the TVC:DXY is another geopolitical factor, the reaction can be seen in the chart below left. The gold market has continued to rally since Friday, but surprisingly following the USD, but there is a reason for this. Since gold, according to most people, is the ideal defense against international instability, the geopolitical factor can raise the prices of this asset, in addition, gold is at favorable levels for buying (not to be confused with short-term trading). From the technical point of view we are interested in the area of 1857 - 1846. The market is forming a consolidation before moving in one direction or another. The price is squeezed between the broken MA-200 and the descending resistance. A breakout of one of the boundaries will provide momentum. (The trading strategy can develop according to two scenarios: resistance breakout or false breakout) Support levels: 1846.3 Resistance levels: 1857.7 The descending resistance line and 1857.7 level will be important for buying. 1846.3 level will be important for selling. Consolidation above or below these levels will form the potential for a move in one direction or the other OANDA:XAUUSD OANDA:XAGUSD COMEX_MINI:MGC1! COMEX:SI1! COMEX:GC1! TVC:DXY CAPITALCOM:US500 Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
26
GOLD → Bounce off support. How long will it last?OANDA:XAUUSD forms a false breakout of support late Friday, after which the market buys out the entire decline and forms an almost bullish takeover, closing Friday above Monday's close and the entire weekly consolidation The euphoria from the NFP (negative news for the dollar), may not last that long, and after a small technical correction, the main movement may continue. There are several reasons for this. The main fundamental background for the dollar index is bullish, Powell (FED) is not going to lose momentum yet, as in every address there are always references to the rising inflation and the tight market, which they are trying to fight . By the way, there are several important news items being published this week. Worth paying attention to: PPI (Mom), FOMC Meeting Minutes GDP, Core CPI, CPI, Initial Jobless Claims The TVC:DXY is forming a correction. The previously broken resistance at 105.272 may be tested soon. Most likely from this level, based on the global fundamental background, the growth may continue, but first we need to wait for the fundamentals of the coming week and a retest of the level from a technical point of view. Regarding gold. From a technical point of view, the market has not reached the mentioned target. I am interested in the 1809 level, below which there is a huge pool of liquidity that beckons market managers. Gold, even with increased liquidity on the news, does not reach this area and reverses. Friday's candle forms the preconditions for the local growth to continue on Monday ( it is worth paying attention to the level of 1829-1830, which can be bought against ). The nearest target for local maneuver is the level of 1856. But in the medium term, I continue to wait for further decline, especially to the level of 1809 and 1800, as the US monetary policy is still tight to reduce the cost of production, so after a small pullback, the growth of the dollar and the fall of gold may continue OANDA:XAUUSD OANDA:XAGUSD COMEX:GC1! TVC:DXY CAPITALCOM:US500 COMEX_MINI:MGC1! COMEX:SI1! Regards R. Linda!
OANDA:XAUUSD
by RLinda
34
XAUUSD Channel-to-Channel Cycles. New Bull or 1700 next?This is not the first time we chart these Cycles on Gold (XAUUSD), as we did our latest study on September 27 (see chart below) and we were quick to catch the break-out sell on the 1W MA50 (blue trend-line) towards the 1W MA200 (orange trend-line): This time though, we add the Channel element as well as the unique US10Y/DXY ratio and the mix proves to be quite accurate. As you see every Channel Down (red) is formed on a rising US10Y/DXY ratio, which is naturally expected as both the US10Y and DXY are negatively (inversely) correlated to Gold. Similarly every Channel Up (green) is formed while the US10Y/DXY ratio gets neutralized. Right now the ratio is on the rise, hence the Channel Down on Gold, and the price hit the 1W MA200 (orange trend-line) for the first time in 11 months (since November 07 2022) and immediately reacted with a bounce. At the same time, the 1W RSI hit the top of the 2-year Support Zone. Every time the RSI hit this Zone, while the US10Y/DXY ratio was rising, Gold started to form its market bottom. The only time this RSI Support Zone got hit and Gold didn't rise was when the ratio was declining (July 11 2022). Right now we have the conditions for a market bottom as the ratio is rising. Next week will be critical as if it closes the candle in green and the RSI reverses, then we can see a 1-month bottom formation that will lead to the new Channel Up. If not, we can't rule a price as low as 1700. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
5
GOLD → Consolidation ahead of #NFP. What to expect?OANDA:XAUUSD has been consolidating for 4 days. The formation is directed to realization at the moment of #NFP publication. The market was in a downtrend for a long time, after which it went into a narrow consolidation, there were no pullbacks at all in the last two weeks Today, at 12:30 GMT NonFarm Payrolls & Unemployment Rate (Sep.) will be published. This is quite important news for short-term forex market pricing. The impact is on the dollar, and from it already on gold. On the chart we see the formation of a long 4-day consolidation in the range of 1828 - 1815. On the daily chart, the maximum decrease in volatility over the last 2 weeks is forming. The consolidation is starting to form a pre-breakout character as this range is forming near trend support and near the key level of 1809-1807. Hence, based on the negative fundamental background and the formation of a pre-breakout consolidation, there is every chance of a support breakout and further decline towards both 1800 and 1775. But there is always a BUT. News is an unpredictable nuance. Negative news for TVC:DXY can give a bullish surge for gold and vice versa. The nuances are shown on the d1 chart. On D1 SMAs are in the phase of signal realization Support levels: 1815.3, 1812, 1807 Resistance levels: 1828, channel border It is difficult to expect something concrete from the news. In the short term there may be a retest of these resistance areas, but in the medium term I continue to wait for the fall OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! OANDA:XAGUSD COMEX:SI1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
41