Gold-futures
GOLD (XAUUSD) Indecision & What to Expect???
gold stuck in a horizontal indecision range.
there are two solid reasons to buy from current prices:
bullish trend
fundamentals
but sellers also have valid points:
overbought market
shortening demand
for us, the best option right now is to wait for a breakout to protect ourselves from this uncertainty!
most of the time, in such kind of ambiguous situations breakout shows the future direction of the market.
I am still on a bullish side but who knows :)
what is your view???
GOLD (XAUUSD) Historical Perspective & Bullish Rally
many of you consider this rally on gold to be abnormal and irrational.
but, history shows us the opposite picture.
the rally that we are contemplating today is the perfect reflexion of the movement that we saw in 2011.
just pay attention to details and embrace how similar it is.
from weekly timeframe analysis we can derive a couple of crucial clues:
1. potential for growth is still enormous
2. it took just 5 weeks to 1880 level from 1590 support
3. key structure level to consider are 1680/1780/1880
I guess the main problem of why it refuses to fall is that the majority is afraid to sell.
after yesterday's breakout bears are all stopped out and it pushes the market so high.
be very very careful shorting and control your risk!
GOLD (XAUUSD) Decision Point! Trading Plan
Market opening this Monday was very impulsive for gold.
It looks like it is finally calming down and buying volumes decrease.
on 4H the market has reached a significant resistance level and on 1H it started to coil.
the side of the breakout of the indecision range on 1H will show us the future direction of the market.
in case of a bearish breakout, the market will most likely drop at least to 1568 with potential continuation,
in case of a bullish breakout, the market may reach 1510 resistance.
be patient and let the market decide first!
good luck!
GOLD - Classic Butterfly SELL PatternClassic Butterfly SELL Pattern in GOLD. I would wait for an entry confirmation inside the highlighted zone before entering the trade.
Price is at a significant level of structure. So most probably market will make a retracement to the downside before breaking structure
to the upside. Therefore it is highly possible that market might at least reach one of these profit objectives before making any further movements.
Reward/Risk = 4.4
Profit Potential = 700 Pips
Maximum Risk = 166 (Risk can be reduced after getting the entry confirmation of the trade)
Note: This is merely a trading idea of mine and should not be considered as any kind of trading signal or advice.
GOLD is in the Buy Zone!We can open Buy position in the marked area because:
- The price is broked out the Range Channel;
- It made a pullback to the Mirror Level 1480.8;
- H4 candle closed above the Mirror Level.
Always make your own analysis and predictions!
Push like button if you think this chart was useful!
EAT! SLEEP! TRADE! :)
Short Term Gold LongI had this same trade in back on the 19th and missed my entry by 4 ticks. Now the profit zone is much smaller, but I still have confidence in the zone because of the strength leaving the zone, location, and structure on the 1 hour. There is a deep retest and the profit potential is small, so I will be using an activation rule at 1444.8.
Entry: 1445.8
Stop: 1442.4
Target: 1457
Risk/Reward: 3.4/1
Leave some comments below on what you think! Let's start a conversation.
GOLD - Descending Channel (Long Opportunity)The price of Gold Futures is possibly moving in descending channel on the 1-day chart.
After todays strong downwards movement, we're almost at the support line of the channel.
I'm expecting another drop tomorrow, from where we will consider to open our position as follows
Open Position (Long): 1446.00 or below
Target: 1490.00 or above (Key Zone)
Please wait for a confirmation first.
I will keep you updated !
What is your trading plan for the next days? Feel free to share your ideas in the comments section.
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Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
GOLD: Important Warning!!!
this is my weekly update for gold .
currently, I don't have any active position.
However, based on the question that I received this morning
I see that many traders missed yesterday's selling rally and still want to jump in.
Analyzing structure on the left, we can easily notice that gold has reached a key support level .
+we see a formation of a dodji candle and multiple rejections.
For this reason, I think it is late to sell the market,
I think the price will retrace from the identified support.
*If you want more ideas on gold , please, support the idea with like and leave a comment, thanks :)
Gold Futures wobbles around 1494.00 after bouncing back at 1488Gold futures prices have been capped at 1500.00 for about a week and still struggle to break through that hurdle. It has formed a reliable price channel to the upside with slow but reasonable progress at the bottom of the price channel. Gold prices need to push through 1494.00 and break the major resistance at 1500.00 to proceed to its next target at 1510.00. Gold prices could fall to 1488.00 if it fails at 1494.00.
Support: 1494.00, 1488.00, and 1480.00
Resistance: 1500.00, 1510.00, and 1521.30
GC, Gold Futures - Technical Analysis and Trailing StopCOMEX:GC1!
People, is gold still a good investment? What do you guess from the chart?
I would say to follow the trend between supply and demand and then decide whether to go Long or Short.
It always remains one of the most attractive assets for traders, investors and portfolio managers.
As you can see from the chart, the technical analysis made on this precious metal is clear and intuitable at a glance, so why not take advantage of this art to increase your net worth?
In the end, what is the use of gold for? Store of Value.
Another thing: keep Bitcoin under control, because it makes more sense than gold.
Gold FuturesThe yellow metal is currently set up well. Break of the trendline with divergence of RSI and CO. First probable target near the PVP of the Volume Profile. Next possible extension and return to the highs area over 1540 $/ounce. The Supertrend break will confirm the start of this new uptrend.
GOLD: One More Leg Down?
gold currently is consolidation in a narrow trading range.
most of the traders are waiting for a breakout to identify the market future direction.
I am aiming at bearish breakout of a minor structure support to sell the market
anticipating bearish continuation to 1417/1407 levels