GC is still playing in and around the trading range. After the decreasing trend of this morning, we have signs of its changing. For intraday trading, we expect having an increasing trend, so buying now will be a good choice. It’s confirmed with that high level of volume and that special candle. The GC breaks that trading range, and with those signs, it seems it’s...
Hello traders, The gold future is now preparing for an increasing trend. We have the right signs of volume and candle’s shape that assure that, so we expect this upward trend. As I said in my last analysis of GC, Gold future was able to break a trading range and take that increasing path. Currently, buying GC will be a profitable operation, it seems Gold future...
Hello traders, After having a period in equilibrium, The Gold Future is taking an increasing trend. GC could break that zone of equilibrium above it, and therefore it takes that upward trend. But as I said in my long term analysis of GC we need an important volume that could push the GC price over that maximum price of 18/05/2020, we should wait for those...
With an increasing trend since 18 June, now we have signs of a decreasing one. With the high level of volume, GC will go down. This prediction is for an intraday trading. It seems that each GC is trying to break the previous zone of GC it goes back to it. If we take a look at GC in daily, we will find that the volumes are stable since April, so to go out of this...
The pitchfork indicator has bounded well the evolution of GC. So that GC could break those limits, we should have volume higher than the stagnated volumes shown in the graph, so that GC could break the L2 limits. However, the support of pitchfork indicator is taking the GC step by step to an increasing trend. Therefore, GC would be a good investment for long terms
Hello Traders, As I said yesterday in my last analysis, of GC, GC future has broken the trading range and makes a comeback to it. For now, we should wait for good signs of volume and good signs of candles that will give us an idea how GC will evolve. Those signs will impose to GC a break of that equilibrium zone. If the break was above this zone, we expect an...
Hello traders, Currently the GC future shows a decreasing trend, it breaks the trading range (equilibrium range down), however we have signs that assure an increasing trend for intraday trading. We expect it will come back up to the trading range. For now, the advice is to buy for intraday trading, and sell at the next red volume and red candle, of course after...
As we said in our last analysis of GC, we should wait for a high volume. The GC shows high level of volume, and shape of candle that assure an increasing trend. We hope this growth reaches the first level of growth, and if it breaks it, we should go the second level of growth. The advice is to buy GC and wait for the first red volume and candle to sell for...
GC Future is in a stand by, There is no clear trend, which means it’s in an equilibrium range or zone. The next levels of volumes will give us an idea of how GC will behave. If the price breaks the range zone above, it’s more probable that we will have an upward trend. If the price breaks the range zone below, it’s more probable that there is a downtrend. We...
GC Future is showing decreasing trend today. The pitchfork indicator shed light on the hallway that limit the trend of GC. Moreover, the price has broken the range of equilibrium with an important Candlestick chart (Break Point). Currently, the price evolution is under the VWAP indicator, so it seems the market is going down. However, we should pay attention to...
The GC future has entered in an equilibrium range after an increasing trend. What we could do right now is waiting for the good signs (especially volume) that will take the price out of the equilibrium zone. Any break above this zone means an increasing trend. And any break below this zone means a decreasing trend.
Gold future is showing signs of buying today. With volume showed in the graph, we could predict an upward trend. This fact is assured by the VWAP that is under the evolution price. In addition the support trend shows that the market is dominated by buyers, which mean a growth of the price.
For Gold Future right now, we think that it will increase in the few next hours, in fact, the high level of Volume assures that the market is still in movement. In addition, we have a spring on the support ( the second one that confirms a new coming up-trend), so we expect an increasement in the next few hours.
There is no case to sell gold. for the long term at this moment. the market has power to go to find higher levels . the market seeks to find the point 2078
Gold undershooting at the 2012 highs are failing to clear 1700 by crumbs was screaming signals that the market was exhausted, and that it would take more than a coronavirus pandemic to move higher. Notice the size of the wick with all the profit taking place it produced a bearish monthly (and weekly) pattern: The handbrakes have been pulled, Central Banks are...
Part I - Chapter 1 The Gold Swing 1. General remarks => The base of the swing => The idea of two clashing forces After the impressive leg: ...we have a completed Gold swing trade. The legs A, B and C are individual moves in the swing; a zigzag should be considered a retrace and in this case while inside a second wave that serves a function for the...
In the realm of swing trading, the struggle for liberation is forever prevalent. It would be wrong to ignore the opening move here at 1205; This kickstarted the entire move towards $1305, once outside of the wedge buyers took an "anything goes" approach to the price as risk began to evolve over time. While the triangle from an elliot wave perspective was...