GOLD: 30 APR, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M.
The latest forecast for Gold to fall lower with wave ((2))-red has taken place 🎯. Here is the latest update:
The broader context suggests that the iv-purple wave may have concluded, and the v-purple wave may be ready to push higher.
The short-term outlook suggests that the ((1))-red wave has just completed, and the ((2))-red wave is unfolding to push lower. It looks quite sharp, so to confirm an upward trend, the price needs to be higher than $2358.9. If not, it's best to observe.
Invalidation point: 2304.6
1OZ1! trade ideas
Gold MCX Future Technical Chart Analysis for 29 AprilThese levels provide guidance for traders interested in trading Gold MCX Futures on June 5, offering specific entry points, target prices, and stop-loss levels to manage risk.
Range Point: 71,500
Day Range: 538 points
Buy Above: 71,544
Average At: 71,481
Buy Target 1: 71,832
Buy Target 2: 72,038
Buyer Stoploss: 71,365
Sale Below: 71,418
Sale Target 1: 71,168
Sale Target 2: 70,962
Seller Stoploss: 71,597
Gold COMEX Future - Intraday Levels - 29th April 2024*Major levels only
if Sustain above 2346.9 then 2360.8 then 2374.6 then 2398.7 to 2401.4 or 2404.1above this more bullish
if Sustain Below 2338 then 2301.5 then 2289.7 to 2287 or 2284.3below this more bearish
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
GOLD (FUTURES): 28 APR, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M
The broader context suggests that the iv-purple wave may have concluded, and the v-purple wave may be ready to push higher.
In the short term, the outlook indicates that the iv-purple wave unfolded as a Flat correction and has ended. The v-purple wave may now be unfolding to push higher. In the short term, the ((2))-red wave may push slightly lower before the ((3))-red wave truly returns.
Invalidation point: 2304.6
Gold COMEX Future - Intraday Levels - 26th April 2024For your Study only
If Sustain above 2348.8 then 2354.9 to 2357.6 above this bullish movement then 2365 to 2367.7 then 2379.1 to 2381.8 then 2391.3 to 2395.4
If Sustain below 2340.9 then 2333.4 to 2330.7 below this bearish then 2319.5 to 2316.8 then 2302.1 to 2298.1
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock and commodities trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
Gold regaining uptrendthe gold market this year has essentially only seen upside. since all time highs theres been a run on available contracts during a contraction that has ended suddenly.
it appears that todays rally has been sustained, and the uptrend in futures has all but resumed according to a credit liquidity crunch and bear dollar environment.
according to tv alerts, forex and gold strategies the risk/reward for gold is long on multiple time frames up to 4hrs.
Gold COMEX Future - Intraday Levels - 25th April 2024if Sustain above 2339.1 to 2341.6 then 2346.2 then 2350.9 to 2357.7 strong level then 2362.4 to 2369.2 above this bullish
if Sustain Below 2328.1 then 2324.1 to 2323.2 then 2316.4 below this bearish then around 2300.2
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
We takin GOLD LONGGG, I'm predicting it NOW!!!!COMEX:GC1!
"Never give up! Failure and rejection are only the first step to succeeding." -Jim Valvano
This is perfect play for a high probable trade to go LONG!!!
Check out the Chart Link below where I breakdown the reason being why I think the market will take off LONG...
Remember when it comes to FRM (Financial Risk Management) our Job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Step!!
Stay FOCUSED & Reach EXCELLENCE!!
#BHM500K #NewERA #Champions
Where are the 'stops' and 'bargain hunters' in Gold?Precious Metals have softened recently after continued liquidation, stop-loss selling, and de-grossing pushed Gold futures down to a value zone of $2300/oz on the June futures contract. Since then, bargain hunters have stepped in, driving futures $30 off their lows.
The potential for a strong recovery in gold is on the horizon, especially if miners strengthen and ETF inflows follow. While geopolitical safe-haven flows have eased recently, with Middle-East tensions waning, it is often the calmest before the storm.
'Stops' refer to the price levels at which traders exit their positions, and understanding these can provide insights into market movements. For the June gold contract, pocket support remains at $2299-2294, with crucial trendline support at $2286/oz, where stops will most likely remain. On the upside, short sellers will place their stops just above $2400, where any breach should allow prices to run back to all-time highs.
www.tradingview.com
CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs
Disclaimers
*Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services.
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
Gold COMEX Future - Intraday Levels - 24th April 2024Levels to watch if comes (if does not come to this levels ignore this comment) around 2304.6 to 2297.0 or 2290.4
if Sustain above 2343.2 or 2343.6 then 2343.6 to 2348.8 then 2354.7 above this bullish then 2359.4 then 2366.2 then 2371.1then 2376.4
if Sustain Below 2336.4 then 2328.5 then 2323.2 to 2320.2 below this bearish then 2313.4 then 2304.6 to 2302.1 then 2299.3 then 2297 below this bearish then 2290.4 below this more bearish then 2280.7 then 2275.3 last hope will be 2240.3 to 2232.9
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
2024-04-23 - a daily price action after hour update - goldGood Evening and I hope you are well.
Gold
comment: Tough spot to trade imo. Different time frames tell different stories here. Daily had a big reversal and closed above the 20ema. 4h says it’s a small pullback from a potential W1 of a bear trend and on the 1h chart we could argue that market formed a nice double bottom and we trade back to the weekly high around 2400 again.
current market cycle: trading range
key levels: 2300-2400
bull case: Bulls bought the lows today and closed above the daily 20ema and the bull trend line from late 2024-02 starting below 2100. If they can generate follow through now and the 1h 20ema acts as resistance, their next targets are 2370ish (low of last week - if bears are strong, this will be resistance) and above is probably 2400 again. Given the wild moves in Gold over the last weeks, I try to stay really humble here and look for strong moves where I can join along.
bear case: Bears had a strong sell off from 2433 to 2304. A pullback was expected but they need to step in again around 2350-2370 or we test 2400 again. I think there is a chance this sell off was a first leg of a bear trend but for that the pull back has to be somewhat shallow and mostly sideways to break out of the bull channel. Until that happens, longs are favored.
short term: Neutral with slightly bullish tendency. Invalid below 2300.
medium-long term: I talked about a equities off and commodities on cycle. Commodities support this thesis for now. Equities have to follow and than I’d like to hear from you when you read it here first in 2024. —unchanged
trade of the day: 2310 acted as support and was tested 3 times. Once market traded above the 15m 20ema again, one had to get long there.
Dxy Gold4.23.24 This video was mostly about reading the market... looking for the location of buyers and sellers using important patterns and not using tools such as oscillators that are far less accuratedo not provide you with a trade location that increases your chances of the market moving in your direction before it moves significantly lower.
Gold COMEX Future - Intraday Levels - 23rd April 2024Levels marked at 4:55 PM IST .. considering Electronic trading price, regular trading hours are from 7:00 PM IST
if Sustain above 2328.1 then 2343.6 to 2348.8 or 2357.0 to 2365.2 above this bullish then wait
if Sustain Below 2314.5 or 2307.1 then 2302.1 to 2297.0 then 2291.2 to 2283.1 or 2274.9 below this bearish then 2256.9 to 2255.5 or 2251.7 to 2250.3 last hope will be 2240.3 to 2232.9 below this more bearish
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
GOLD: 23 APR, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M.
(1D) Long-term context suggests that the ((iv))-green wave is currently unfolding to push lower, targeting 2265. After reaching the bottom, the ((v))-green wave is expected to follow, ready to push higher.
(4H) Short-term outlook has seen a significant decline since the recent high. Gold is now poised to continue its downward momentum towards the immediate target range of 2284 - 2258. Maintaining prices below the resistance level of 2355 would support this view.
Invalidation point: 2433