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Gold-futures

RLinda ! GOLD ! Potential bull trendGold. Earlier, as I said, in the correction format, we saw price confirmation of the support zone of the upward price channel. We have a wide price channel at the moment, which opens new boundaries for us. On the chart we can see that the price forms a strong momentum from the support zone 1733 and after the retest breaks through the resistance 1752.5. With the possible fixation of the price above the resistance level of 1752.5, there are all chances of growth to the level of 1784.38. I assume that this resistance breakout can be true and form a good upside potential for us. Short-term target is the resistance level of 1784.38. Regards to R.Linda!
OANDA:XAUUSDLong
by RLinda
15
Gold Futures - potential setupsCOMEX:GC1! Hello everyone! 🛎 Let check the trading idea for Gold Futures 🤗 Not making anything difficult everything is pretty straightforward. 👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate. 🟢 👉 2. Price goes BELOW the selected range. below. Short positions to activate. 🔴 ---------------------------------------------------------------------------------------------------------------------------- ⚠️ Important Notes: 1. Always follow your trading plan regarding entry, risk management, and trade management. ❗️❗️❗️ 2. Timeframes: up to H4 ---------------------------------------------------------------------------------------------------------------------------- 😉 If you like the idea there was a like 🚀 and sign up so you can continue receiving great ideas like this one and also for us to make pattern the idea! 🤝 💪 Profitable lock for everyone! 🙏
COMEX:GC1!
by Solidity_best_options
1
GOLD ! Lingering correction. Where could the price reverse?💤Gold continues to pull back down to the strong support zone. I assume that this maneuver can be considered as a correction after the breakdown of the global downward price channel for the time being. On the chart you can see that the price is going down to the resistance of the descending channel and the important point will be the contact of the price with this trend line. I assume that the price can still fall, but to the old trend line and it is worth paying attention to the price reaction to this very chart element. I think that after the test the price may form an upward impulse, but at the moment the local fall will still continue. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
15
CUP & HANDLE. How the pattern works☕️ ✅This pattern is not as popular among traders as "Head and Shoulders", "Double Top" and other classic patterns of technical analysis. However, this does not mean that it is not so effective. In fact, the "Cup & Handle" pattern is in no way inferior to the above patterns in its reliability and, if used correctly, can bring considerable benefits to the trader. ✅Below we will look at how the "Cup & handle" is formed, what are the signs of authenticity of the formed pattern, and the trading strategy for it. ⚠️How the "Cup & Handle" formation is formed The formation of this pattern occurs on an uptrend and is a sure sign of its continuation (subject to the conditions of authenticity of the pattern). In essence, it is a cup - an uptrend correction. The price reaches a strong resistance level, cannot overcome it, and smoothly rolls back, forming the left wall of the cup. Then it smoothly unfolds along the bottom and rises to test the level again. Having reached the level, it rolls back down again. This rollback should be much smaller than the previous one, and it forms a handle. The handle of the cup is very often formed in the form of a "Flag" pattern. The "Cup & handle" pattern is considered fully formed when the price, having formed a "handle", returns up and breaks through the resistance level from which the pattern formation began ⚠️Confirmation of the truth of the "Cup & handle" pattern There are several conditions, without which the formed pattern cannot be considered true. These are the conditions: 1️⃣To begin with, as mentioned above, for the formation of this pattern, it is necessary to have an uptrend. Without a trend, there is no point in looking for this formation on the price chart, because even if you find a drawing of an ideal cup with a handle, it will be just a drawing that has no meaning. 2️⃣The depth of the forming cup should not exceed 2/3 of the height of the previous uptrend. The optimal depth of the cup is within 1/3 - 2/3 of this value. The depth of the forming handle should not exceed a value equal to ½ of the depth of the cup. 3️⃣The most reliable is the "Cup & Handle" pattern formed on daily or weekly timeframes. Of course, it can also be formed on hourly charts, but where the probability of its triggering is somewhat lower. 4️⃣The "Cup & handle" pattern should be confirmed by the indicators of the volume indicator. Volumes should grow at a time when the price is moving in the direction of an uptrend and fall when it decreases. Also, a sharp surge in volume should accompany the moment of breaking through the price level at the end of the formation of the figure. 🟢Trading strategy based on the "Cup & handle" The entry into the position is carried out after the completion of the formation of the figure. It is recommended to wait for the price to close above the resistance line. To do this, you must constantly monitor the schedule in anticipation of the right moment. There is also a strategy for opening a position on a pending order, in which case there is no need to sit and wait for the completion of the figure. A pending order is placed at a level slightly above the resistance level (approximately 10 points) and is triggered if the figure is completed. The target level for this pattern is the height of the cup, laid up from the resistance level. Therefore, we set the profit-taking level of TAKE PROFIT either at the target level or 10-15 points below it. As for the STOP LOSS limit order, it should be placed at the level of the bottom of the handle (or slightly lower). ❗️In conclusion, I will say once again how important it is to correctly identify the "Cup and Handle" formation before you start trading on it. Carefully re-read the rules confirming this pattern. Try not to mess with the patterns formed on small timeframes. Take your time, be patient, and remember that the absence of open positions can also be considered an excellent position. ❤️ Please, support our work with like & comment! ❤️
OANDA:XAUUSDEducation
by UnitedSignals
6
can gold show significant bounce playrecently gold futures has reversed around a key level after a terminal thrust and distribution that ultimately left it back where the weekly reversal took off from a higher low. it has reversed sinking daily vwma and trama and crossed above them while finding support at those levels. what is needed now heading toward positive macd is rising trama and staying above vwma. this may lead to a bounce to anchored vwap that has been flattening out around the 1900 level.
COMEX:GC1!Long
by cerealpatterns
Gold (GOLD1!), H1 Potential for Bullish bounceType : Bullish Bounce Resistance : 51260 Pivot: 50862 Support : 50579 Preferred Case: With prices moving above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 51260 in line with the 127.2% Fibonacci extension and overlap resistance from our pivot of 50862 in line with the 23.6% Fibonacci retracement and horizontal overlap support. Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 50579 in line with the horizontal overlap support and 38.2% fibonacci retracement. Fundamentals: Due to increasing inflation rates in both the US and UK, we have a bullish view on the precious metal.
MCX:GOLD1!Long
by Genesiv
Gold (GOLD1!), H1 Potential for Bullish bounceType : Bullish Bounce Resistance : 50906 Pivot: 50469 Support : 50300 Preferred Case: With price moving above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 50906 in line with the 61.8% Fibonacci projection, 100% fibonacci projection, -27.2 fibonacci expansion and overlap resistance from our pivot of 50469 in line with the 38.2% Fibonacci retracement and horizontal overlap support. Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 50300 in line with the horizontal pullback support, 78.6% fibonacci retracement and 50% Fibonacci retracement. Fundamentals: Due to increasing inflation rates in both the US and UK, we have a bullish view on the precious metal. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
MCX:GOLD1!Long
by Genesiv
Gold (GOLD1!), H1 Potential for Bullish bounceType : Bullish Bounce Resistance : 50906 Pivot: 50469 Support : 50300 Preferred Case: With price moving above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 50906 in line with the 61.8% Fibonacci projection from our pivot of 50469 in line with the 38.2% Fibonacci retracement and horizontal overlap support. Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 50300 in line with the horizontal pullback support and 50% Fibonacci support. Fundamentals: Due to increasing inflation rates in both the US and UK, we have a bullish view on the precious metal. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
MCX:GOLD1!Long
by Genesiv
Gold Potential bullish rise | 28th Apr 2022On the H4, with price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance at 1922 where the pullback resistance is from our 1st support at 1883 in line with the horizontal swing low support and 61.8% Fibonacci projection and 127.2% Fibonacci extension. Alternatively, price may break 1st support structure and head for 2nd support where the 161.8% Fibonacci extension and -27.2% Fibonacci expansion is at 1863. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
COMEX:GC1!Long
by Rockqet
Gold Potential rise | 27th Mar 2022On the H4, with price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance at 1922 where the pullback resistance is from our 1st support at 1895 in line with the horizontal swing low support and 61.8% Fibonacci projection and 127.2% Fibonacci extension. Alternatively, price may break 1st support structure and head for 2nd support where the 161.8% Fibonacci extension and -27.2% Fibonacci expansion is at 1863. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
COMEX:GC1!Long
by Rockqet
Gold futures, H4 | Potential for bounce! Type: Bullish bounce Resistance : 1949.2 Pivot: 1916.8 Support : 1904.5 Preferred case: Prices are consolidating in a triangle pattern. We see the potential for further bullish continuation from our Pivot at 1916.8 in line graphical overlap and 61.8% Fibonacci retracement towards our 1st resistance at 1959.0 in line with 100% Fibonacci Projection . Our bullish bias is further supported by RSI being at levels where bounces previously occurred. Alternative scenario: If prices were to reverse, they can potentially reach our 1st support at 1904.5 in line with 78.6% Fibonacci projection . Fundamentals: With continuation of Russo-Ukraine invasions and inflation, we might expect a slight bullish turn towards the precious metal.
COMEX:GC1!Long
by Genesiv
How I Use Auto Anchored VWAP To Trade GoldGold has been one of the most bullish markets on my charts this year until the past couple of sessions...I have now turned bearish Gold looking for a test of 1913 in the coming sessions. In this video I explain why I have now turned bearish Gold and more importantly I share my process for trading Gold Futures using the following indicators; TradingView's new Auto Anchored VWAP, Bollinger Bands and my Beacon Indicator. I also go over what levels will turn me bullish again in Gold and why I believe Gold Futures and Micro Gold Futures are the best products to use for trading the price action in Gold. Past performance is no guarantee of future results. Derivatives trading is not suitable for all investors.
Editors' picks
COMEX:GC1!Short
by anthonycrudele
47
GOLD FUTURES - CONSOLIDATION MODE !Sharp rally seen yesterday which pushed the Gold Futures to an intraday high @ $ 1'976.50. An healthy corrective and consolidation move took place and this recent price action should be seen as a constructive price action calling for further upside over the upcoming trading sessions. Tenkan-Sen @ 1'911 should be the first level to look at on a daily closing level as a failure to hold above this point would put some selling pressure towards the Kijun-Sen @ 1'878, already been tested recently. Below the MID BOLLINGER BAND, currently @ 1'851 remains a good indicator and should be used as a BAROMETER ! The Lagging Line on a DAILY basis is far above the clouds. 4 HOURS (H4) The yesterday's low reached yesterday @ 1'878 coincides exactly with the top of the 4 hours clouds support and the clouds worked perfectly well in rejecting, so far, the downside breakout attempt. In this H4 time frame a failure to hold above the clouds support zone (1'860) would postpone a little bit the expected bullish scenario, calling for higher levels CONCLUSION : A FIRST BREAKOUT OF THE DOUBLE BOTTOM TRIGGER LEVEL @ 1'919 OCCURED YESTERDAY AND SHOULD BE CONFIRMED ON A WEEKLY CLOSING BASIS LATER ON TODAY. A CONFIRMATION WOULD OPEN THE DOOR FOR THE TECHNICAL TARGET OF THE DOUBLE BOTTOM @ $ 2'161 IRONMAN8848 & Jean-Pierre Burki
COMEX:GC1!
by Ironman8848
GC1! H4 | Potential for bullish continuationType : Bullish continuation Resistance : 1909.2 Pivot: 1888.23 Support : 1867.1 Preferred case: Prices are consolidating in a parallel channel and are on bullish momentum. We see the potential for further bullish continuation from our Pivot at 1888.23 in line with 23.6% Fibonacci retracement , 61.8% Fibonacci extension and 38.2% Fibonacci retracement towards our 1st resistance at 1909.2 in line with 100% Fibonacci extension and 127.2% Fibonacci expansion . Prices are trading above our Ichimoku clouds further supporting our bullish bias. Alternative scenario: If prices were to dip, they can potentially drop towards our 1st support at 1867.1 in line with 38.2% Fibonacci retracement . Fundamentals: Fed's re-iteration of the possibility of a 100bps hike of Fed funds rate by 1 July and also further escalating of tensions from Russo-Ukraine crisis will support further rally on the Commodity. We will urge investors to exercise prudence when trading today as we expect high volatility amidst the FED speeches and major data releases tonight. (Fed Monetary Policy Report, CFTC Gold speculative net positions etc.)
COMEX:GC1!
by Tickmill
GC1! H4 | Potential for bullish continuationType : Bullish continuation Resistance : 1909.2 Pivot: 1888.23 Support : 1867.1 Preferred case: Prices are consolidating in a parallel channel and are on bullish momentum. We see the potential for further bullish continuation from our Pivot at 1888.23 in line with 23.6% Fibonacci retracement, 61.8% Fibonacci extension and 38.2% Fibonacci retracement towards our 1st resistance at 1909.2 in line with 100% Fibonacci extension and 127.2% Fibonacci expansion. Prices are trading above our Ichimoku clouds further supporting our bullish bias. Alternative scenario: If prices were to dip, they can potentially drop towards our 1st support at 1867.1 in line with 38.2% Fibonacci retracement. Fundamentals: Fed's re-iteration of the possibility of a 100bps hike of Fed funds rate by 1 July and also further escalating of tensions from Russo-Ukraine crisis will support further rally on the Commodity. We will urge investors to exercise prudence when trading today as we expect high volatility amidst the FED speeches and major data releases tonight. (Fed Monetary Policy Report, CFTC Gold speculative net positions etc.)
COMEX:GC1!Long
by Rockqet
Gold Tests Higher Levels- GOLD ANALYSIS 13.02.2022Hello my friends, today I want to talk with you about GC (gold) Amidst the equity market rout on Friday, Gold made an attempt to break out. The weekly chart shows a decent attempt to close higher than previous weeks (to months), but closed the week short of breaking out. The daily chart reflects that attempt and the breakout was not sustained, although it clocked a higher high. Technicals appear to be turning bullish Through my analysis, I see that the price will go to the target 1 and 2 in chart So be ready for such scenario. This is an article, not financial advice, always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment, thank you
COMEX:GC1!Long
by ZAKNOGO
1