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Gc1!short

Gold into the elections📅 October 18th 2020 Gold into the elections... XAUUSD (spot) So we may say 'as expected' ... on the waterfall from $1,970 and a clear reversal with little drawdown or need to panic. The notes to this game with Gold, from which we clearly have been exploiting a lot of value as there are other examples of the moves in this exchange.. Silver Looking at the latest round of dismal Covid data it seems as those we are waiting for the final ✅from mainstream media before governments begin the manoeuvre of circuit breakers or etc. While stimulus is a big part of that story, there is no amount of printing that can counter deflation. As mentioned before when globalisation contracts, it creates a deflationary tsunami on the underlying capital formations. We then have to factor in bottlenecks on the supply side from lockdowns, agricultural shortages now entering into play as farmers could not yield and etc which create inflationary pressures on the cost of goods at the supermarkets. You get the point. As long as these two forces clash, risk markets will struggle into the US elections and 2021 - recommend looking through the polls and bookies odds which are cementing a Biden sweep as a done deal. The election remains Trump’s to lose despite how mainstream media paints the picture. It is important for us to look at this from a macro perspective, if you are still short there isn't anything to change or do as we await the test of $1,808 and $1,762, if you are holding longs from way below or looking to add positions this retrace leg down would move us into calmer waters and should make it easier to add once more. If you are looking to setup shorts into the follow election positioning flows then follow the simple two premises: (a) When buyers are restrained at $1,910/$1,920 it makes for a good value opportunity to load fresh shorts (b) Consequently the destruction of the soft resistance on a closing basis would call into question the aggressive short view and mean in no way advancing more positions, it would also imply that we should begin to let go of any previous operations. To illustrate this in more depth, consider the following: Of course we could say chart fitting and etc, but this is the best illustration I have on tradingview to show the pressures before and after from the lockdowns and covid chapter I. Seller choose to attack the base as USD remains a guiding presence - this idea is no less imaginative as we are in the same complacent environment with the Northern Hemisphere entering into Winter.
FOREXCOM:XAUUSDShort
by ridethepig
11
GOLD SellGOLD Futures One of the most useful indicators used by all investment banks and institutional traders is Moving Average (MA). When price reaches MA, the volatility(volume) increases. Either to break out, or to reject. In this case, the volume remains average, which means no "smart money" participation, or at least not enough. Low volume rising price is a sign of weakness, as no demand in place. Most likely, GOLD futures will start to decline again and test EMA100 at $1870.
COMEX:GC1!Short
by The_Rich_Bull
Gold pulls off 100-EMA after drop. Last chance for bears...$1775Gold futures manage to drop through a key support structure as we anticipated and into the $1,855 level which is also the 100-day EMA. That is a key support level and prior broken top. The downside opened up on mediocre volume but so did the upside. We are now seeing a pullback as we enter the the $1,900 area. The prior broken low was the $1,920 area and now its pulling back to that level for the continued potential shorts. Based on structural movement we should see the sell pressure come in at that level. Based on fundamentals, the shorts could come out with the equity sell off should we see one. Considering gold and US equities have been moving in tandem lately. The last expected move for the shorts to hold out, based on prior lower highs and resistance is at $1,975. That is the impulse area that we want to see hold out for shorts. However at that point should the buy pressure has already come out and we're expecting to see the range buyers come in again to hold out the level. Meaning we're reverting back to the $1,920 for the resistance for the sellers to hold out so we can break the 100-day moving average and get the push lower as we have expected before we make a move back up. This post is for educational purposes only, it doesn't solicit trading or investment advice.
COMEX:GC2!Short
by TRADEPROAcademy
1
Gold has more downside before pushing up to $2,000 again! Gold markets got shaken up today and it just seems like the beginning of a slightly lower move in this market. Watching this futures market, we saw a recent low almost get tested at the $1,885 area today on a HUGE wick and got absorbed by buyers. That doesn't mean that this downside is over and done with and we can see gold back into the $2,000 area. There is a huge descending triangle that is shaping up, lower highs, and equal lows. This means that the sell-side is holding out whatever buyers are trying to get into the market. The buy-side needed to see higher highs break and push to the upside rather than just holding out the support. Meaning from here we had a huge support level wick that formed a month or so ago and touched the $1,875. Today's recent price action touched $1,885 so slightly higher. There are two things that we need to see for a deeper pullback: 1. Break of the $1,875 level 2. Close under $1,900. From here there are 2 immediate downside targets. The first is at $1,810 because of the large volume profile stack the most immediate "noise" level of support that is under $1,900. The second is at $1,760 where the start of the next consolidation level is, this is where the cluster of support starts to form and should hold temporarily at least before we see a push back to $2,000. Gold moves really well into ranges before making a strong move to either end. There is key resistance to note as well. The first area is $1,940 the prior broken low, the next $1,965 or so where the descending triangle starts to shape out. This trade idea is for educational purposes only, should not be taken as investment or trading advice.
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COMEX:GC1!Short
by TRADEPROAcademy
28
Gold Future in a stable pathHello traders, Let’s have a look at Gold Future for 15min. It seems that after the recorded price GC has achieved, now he is evolving inside a trading range. So as usual, we wait that huge volume and that break of the trading range to predict the new trend. If the break is above that trading range, we can expect an increasing trend. Otherwise, if it’s below the trading range, we expect a decreasing trend. For intraday trading, we have that special candle with a high volume that assures an increasing path of GC, especially with that rebound on the trading range’s support, so we can buy right now. Thank you for reading this analysis. Hoping it helps you in your Gold Future trading.
COMEX:GC1!Short
by oualidskh
2
Gold future evolving in a trading range Gold Future is evolving inside a trading range. For intraday trading, we have now signals of buying; we talk here about the higher volume and the wick of the candle that assure an increasing trend. The GC will try to reach the Resistance R0, after breaking the VWAP. If we have high volume we could expect a break of that resistance, which means a new increasing trend. If it couldn’t, it will continue to play inside that trading range. The advice is to buy now and sell at the first red volume and candle (For a safe trade), or wait itto reach that resistance R0.
COMEX:GC1!Short
by oualidskh
GC1 trend signalsHello traders, The gold future is playing again in a new trading range. Currently we have signs of an increasing trend; it’s confirmed with that high level (After a succession of stable low volume) of volume and that candle. We expect it to reach the Resistance R0 and break it to reach the other resistance R1. For intraday trading, we buy right now, and keep watching the GC price. We can sell at the first red volume and red candle, or can wait it to reach the R0 and its break.
COMEX:GC1!Short
by oualidskh
GC, seems going upHello 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 is looking for higher level price, this will be confirmed after breaking the R1 resistance . What we can do after buying is to wait that red volume and red candle to sell for intraday trading. For long term investment, GC is an opportunity.
COMEX:GC1!Short
by oualidskh
GC AnalysisHello 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 volumes, in case we’re looking for long term investment. PS: A down break of the trend support could change the current increasing evolution.
COMEX:GC1!
by oualidskh
GC signs of a trend changeWith 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 zone, we need a higher level of volume. PS: If it goes down and break the current trend support, it ùeans we have a deep decreasing new trend The advice about GC : It's time to sell now and take profit.
COMEX:GC1!Short
by oualidskh