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Gold-futures

GOLD (XAUUSD) What to Expect Next Week? Gold is currently trading within a wide horizontal trading range on a daily. 1765 is its low and 1965 is its high. On Friday the price almost reached the support of the range. Depending on the reaction of the market to that here are two potential scenarios: 1 - The price may respect the support and continue trading within the underlined boundaries 2 - The price may drop the support. Daily candle close below will signify a highly probable bearish continuation. Make your trading decisions accordingly or wait for a reaction first, and only then follow the market. What do you think will happen?
FX:XAUUSDLong
by VasilyTrader
25
GOLD (XAUUSD) Price Action & Outlook for Next Week For a quite long period of time, I remain bullish biased on gold. Wednesday's bullish move and bullish violation of a falling trend line on 4H was a quite important bullish clue to consider. After some stagnation and consolidation, the price has dropped retesting the broken trend line. A positive bullish reaction, especially on hourly, makes me think that next week bullish continuation will follow. The price may retest a current local 4H high and then go even higher. Good luck and have a great weekend!
FX:XAUUSDLong
by VasilyTrader
16
GOLD (XAUUSD) Price Action & Outlook for Next Week For a quite long period of time, I remain bullish biased on gold . Wednesday's bullish move and bullish violation of a falling trend line on 4H was a quite important bullish clue to consider. After some stagnation and consolidation, the price has dropped retesting the broken trend line . A positive bullish reaction, especially on hourly, makes me think that next week bullish continuation will follow. The price may retest a current local 4H high and then go even higher. Good luck and have a great weekend!
FX:XAUUSDLong
by VasilyTrader
3
BTC: Digital gold trades like goldThe correlation coefficient between gold futures and Bitcoin started out negative for a few years, but after Feb '14 they began to move together. BTC and gold have now been in a five year cycle where the correlation will jump to +72, then drop to a higher low, then up to +72 again, over and over. It seems reasonable that the correlation could soon become stronger than +72 at this rate. It adds validity to the "Bitcoin is digital gold" idea. They are both being traded in an increasingly similar way.
COMEX:GC1!
by The_Arena_Trader
GOLD (XAUUSD): Wave Analysis & Cycles. What You May Miss: Since 2018 Gold is trading in a sharp bullish trend. For the last two years period, we see almost 80% net growth. Of course, it wasn't just a single move without corrections. What I have noticed analyzing a weekly chart, is that market makers on gold prefer kind of "harmonic" correction cycles. The last two bullish waves were initiated after a 15% price correction. And you know what: 27th's November this year's low gives us a 15% price correction. And what do we see afterward? Relatively strong bullish move on a daily with multiple breakouts of resistances. It looks like it may lead to a major weekly wave initiation. So our long term bias is bullish. What do you think about this correction pattern? Is it a valid observation? Please, support this idea with like! Thank you!
FX:XAUUSDLong
by VasilyTrader
17
GOLD (XAUUSD) Important Breakout! Where to Buy?! Confirmed and strong violation of a major falling trend line on gold this week. Now the price is trading above a major horizontal structure and the above-mentioned trend line . It is a very strong bullish clue and now bullish continuation is expected. If you missed a long trade, I would recommend looking for a retest of a blue demand area. It is the safest spot to buy from. Just wait for a certain intraday confirmation before you open a position. Next goal - 1920
FX:XAUUSDLong
by VasilyTrader
1
Buy Signal: 1864.7 #goldIngenuity Trading Model- Geometric Markov Model : In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions. Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement.
COMEX:GC1!Long
by IngenuityTrading
GOLD multi-timeframe analytics + Entry points and TargetHello everyone! The previous forecast for gold came true and brought us a profit. New idea Now the price has approached the resistance line and the resistance level 1918. It can be seen that Gold is in a falling channel and you can open SELL from the resistance line (although I am selling now, since there is a resistance level and a resistance line on the chart below) --- In addition, I additionally show you important support and resistance lines. If someone missed selling from the support line, then you can sell gold after breaking the support line. The target is a support line around 1840. . In the long term, I expect the price to return to the strong support level of 1790 But I am not sure that the price will not be able to break our resistance line during this time. -------------------------- Check today analysis below⠀ Share your opinion in the comments and support the idea with likes. Thank you all for your support!
FX:XAUUSDShort
by DeGRAM
54
GOLD (XAUUSD): Bearish Scenario For Next Week hey guys, gold just reached a strong falling trend line . for now we see a positive bearish reaction from that and this touch may initiate a strong bearish swing move. I will pay attention to a support line of a bullish flag pattern. in case of a daily candle close below its support, bearish continuation will be highly probable. goal for sellers will be 1860 (current daily low) in case of a bullish continuation above the falling trend line , setup will be invalid.
FX:XAUUSDShort
by VasilyTrader
3