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Gold-futures

🥇 GOLD | Correction within the range. Retest 1960 Gold is declining within the flat. The price is approaching the 1960 level for a retest, but at the moment the market is being kept neutral by whales and market makers to recruit larger positions TA and fundamentals on the high timeframe. 1) Worldwide interest in this asset is growing 2) There is also a strong jump in the trading volume of gold call options. Bullish bets on the instrument have risen sharply 3) The trend is bullish. Strong enough. 4) The price is in its maximum values and it forms consolidation in the green zone 5) The chart to the right is MA-200 (red) below 1800. Strong support support. MA-50 below 1900 is a strong support pillar TA on the low timeframe: 1) Price is forming a 2000-1935 flat. 2) There is strong support at 1960 in the middle of the range. It is possible that this level could push the price up 3) Locally we have a bearish correction, in which case the local trend is bearish, hence we have a right to look for an entry point to sell. But our task is to follow the rules of risk-management 4) We may see a small pullback from 1960-1962 to 1970-1980.
OANDA:XAUUSD
by Gold-Tech
23
Gold Futures ( GC1! ), H4 Potential for Bearish ContinuationTitle: Gold Futures ( GC1! ), H4 Potential for Bearish Continuation Type: Bearish Continuation Resistance: 1854.9 Pivot: 1827.7 Support: 1791.8 Preferred Case: Looking at the H4 chart, my overall bias for GC1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. To add confluence to this bias, price is also along a descending trendline. Expecting price to possibly drop from the pivot at 1827.7 which is the overlap resistance before heading towards the support at 1791.8, where the overlap support and -61.8% Fibonacci expansion line is. Alternative scenario: Price may head back up towards the resistance at 1854.9, which is the overlap resistance. Fundamentals: There are no major news.
COMEX:GC1!Short
by Genesiv
1
Gold Futures ( GC1! ), H4 Potential for Bearish ContinuationTitle: Gold Futures ( GC1! ), H4 Potential for Bearish Continuation Type: Bearish Continuation Resistance: 1881.6 Pivot: 1863.5 Support: 1820.1 Preferred Case: Looking at the H4 chart, my overall bias for GC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. Expecting price to possibly drop from the pivot at 1863.5 which is the overlap resistance towards the support at 1820.1, where the overlap support is. Alternative scenario: Price may head back up towards the resistance at 1881.6, which is the overlap resistance and minor high. Fundamentals: There are no major news.
COMEX:GC1!Short
by Genesiv
1
Gold Futures ( GC1! ), H4 Potential for Bearish ContinuationTitle: Gold Futures ( GC1! ), H4 Potential for Bearish Continuation Type: Bearish Continuation Resistance: 1881.6 Pivot: 1864.8 Support: 1836.9 Preferred Case: Looking at the H4 chart, my overall bias for GC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. Expecting price to possibly drop towards the support at 1836.9, where the overlap support is. Alternative scenario: Price may head back up towards the resistance at 1881.6, which is the overlap resistance. Fundamentals: There are no major news.
COMEX:GC1!Short
by Genesiv
Gold Futures ( GC1!), H4 Potential for Bearish DropTitle: Gold Futures ( GC1!), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 1975.2 Pivot: 1917.7 Support: 1836.9 Preferred Case: Looking at the H4 chart, my overall bias for GC1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Expecting price to possibly drop towards the support at 1836.9, where the overlap support is. Alternative scenario: Price may head back up towards the pivot at 1917.7, where the overlap resistance and 38.2% Fibonacci line is. Fundamentals: There are no major news.
COMEX:GC1!Short
by Genesiv
RLinda ! GOLD-> It's too early to talk about a big drop!Gold still retains upside potential. Although on the local timeframes it seems that gold starts a strong fall, looking at the global ones, it is too early to talk about a fall. Since gold is in consolidation, the big player will make any maneuvers to attract additional speculators' assets. All traps are used in such a game, so it is logical to trade from the range boundaries and, by the way, it is allowed to both buy and sell, the main thing is to follow the risks and rules! On the chart we still have a rising trend of lows and highs, the gold has not yet overcome the key support zone to talk about a fall or a global correction. The price is trending towards the strong support area of 1900-1902. I expect a bounce in price and a possible strengthening towards the 1910 and 1920 area. Regards, R. Linda!
OANDA:XAUUSD
by RLinda
17
Gold Futures ( GC1!), H4 Potential for Bearish DropTitle: Gold Futures ( GC1!), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 1975.2 Pivot: 1912.5 Support: 1836.9 Preferred Case: Looking at the H4 chart, my overall bias for GC1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Expecting price to possibly drop towards the support at 1836.9, where the overlap support is. Alternative scenario: Price may head back up towards the resistance at 1975.2, where the recent high is. Fundamentals: There are no major news.
COMEX:GC1!Short
by Genesiv
RLinda ! GOLD-> False breakdown or true breakdown? Gold is out of range. The channel support has been broken, but the price is resting in the limit zone of 1920, which is the consolidation support where the price is. The response to range support is adequate. Price bounces back and intends to return in the boundaries of the upward price channel. If price returns to the channel, it will have the potential for an uptrend move to the 1950-1952 resistance zone. I expect price to be able to return in the boundaries of the uptrend channel in the near term and begin to strengthen towards the consolidation resistance where it has been for two weeks. The short-term target is the 1940 resistance and the medium-term target is the 1950 liquidity zone. Regards, R. Linda!
OANDA:XAUUSDLong
by RLinda
12
RLinda ! GOLD-> The formation of the wedge A stalemate situationGold is in consolidation, an uptrend and buyers are trying to push the price up, but at the same time a bearish pattern is forming There is an interesting pattern on the chart, which could lead to a price correction to the 1900 area. The upward wedge can be broken downwards, which is the essence of the pattern. If the support of the wedge is broken and the consolidation below the line, the price can go down quite quickly to the 1900 area. But if a pullback from the wedge support starts to form, the bulls will not let the price fall, and in this case we should expect a rise to 1935, and in the medium term the price can break the consolidation resistance and rise to 1966. Regards to R.Linda!
OANDA:XAUUSD
by RLinda
23
GOLD 1HOUR: technical say gold can pullback to 1808 (fibo 61%)i see many friend have old sell against my analyze dont put sl on last high too !!!!!!,,, they no SL and dont eat sl in this game = margincall and loss all soon or late for this personally love gold go down to 1808 but market and news not in my hand to help you !!! after close sell,,you must withdrawal all money from real account and back to demo and reach 100% control on 1- levrage 1-10 2- put sl in high/low 3- stand in very low size (per 10k balance max 0.1 lot) i was 7 year on demo ,what i was working on? VERY IMPORTANT TEST FOR WIN IN REAL ACCOUNT : UNTIL YOU CANT TURN 1000$ TO 2000$ WITH LEVRAGE 1-10 AND 0.01 LOT AND SL (if you touch SL ,you born and loss and must back to start) you must must pass this test ,,,,,if you come to real without pass this test ,you will margincall and loss ...this test design by me for my friends and students note;if you have buy you must put SL in 1915(last low) break low in gold mean 90% down tern will start like yesterday nigh www.tradingview.com wish you win
FX:XAUUSDShort
by ramin_trader2006
5
RLinda ! GOLD-> Strong consolidation Gold is resting after a strong rally. The price moved into the consolidation phase, which is proved by the presence of the range boundaries and their confirmation. Nobody knows how long it will be, probably, the fundamental factor may influence price to come out of the consolidation in the nearest future The upper consolidation boundary is 1928, while the lower boundary is 1897. Also, the key level of 1912 passes through the range, which may play an important role for deal opening (high risk since it is difficult to trade inside the range). At the moment there are no preconditions for the price exit from the range. Expect set-ups Senior timeframes (D1, W1) show that growth will continue, but before the growth there may be a prolonged consolidation or rollback to the liquidity zone 1880. It is acceptable to buy from levels: 1897, 1912 and on breakdown of 1928. Sale only with minimum risk! Sincerely R. Linda!
OANDA:XAUUSD
by RLinda
26
RLinda ! GOLD-> Difficult situation - support retestGold hit a high of 1929 and the price stopped in that zone. At the moment, the instrument has weakened by 1.0%, being in the phase of a technical pullback. The price is testing the key 1912 zone (channel resistance). A classic situation in an uptrend is a false breakout of support on a pullback. This maneuver is necessary to capture liquidity, which can push the price further. But at the same time the difficulty is that a consolidation below the same level could push the price down. If you assume that the price is going down now, it is worth using this fact to sell, but in the current situation it is worth reducing the losses, because the bulls might not allow the price to go down deeply. It is worth controlling the price and closing positions on the 1912 retest. The next consolidation above 1912 could send the price up under a strong buyer. Regards R. Linda!
OANDA:XAUUSD
by RLinda
31