Gold at 100 Times its Price - A Psychological LevelGold has now risen to 100 times its previously fixed price of $35 per ounce.
Is this a psychological milestone signaling a correction ahead, or is there still more upside potential?
Under the Gold Reserve Act of 1934, gold was officially priced at $35, a rate maintained until 1971, when President N
/GC GC1! GOLD Futures (GCM2025) – An Analysis by WaverVanir DSSThis setup presents a potential bearish scenario underpinned by Smart Money Concepts, volume analysis, and structure invalidation at premium zones.
🔍 Key Technical Highlights:
Weak High in Premium Zone:
Price failed to convincingly break above the last swing high, forming a weak high.
Rejection
Gold at a Psychological Level Gold has now risen to 100 times its previously fixed price of $35 per ounce.
Is this a psychological milestone signaling a correction ahead, or is there still more upside potential?
Under the Gold Reserve Act of 1934, gold was officially priced at $35, a rate maintained until 1971, when President N
Gold Still bearish for the momentLooking for gold to fill in a Bullish gap before I consider longs. price is pretty bearish this week and im thinking it due to the contract roll and month end close. Looking for price to find some area of support before considering going Long. As always we wait for the Killzones.
Gold Futures (GC) – May 28, 2025
Gold is currently trading within a clean range, and I’m keeping it simple:
🔴 I will only sell in the red supply zone, but only after seeing confirmed seller reaction and order flow backing the move.
🟢 I will only buy in the green demand zone, once buyers clearly show strength and the flow suppor
WHAT IS A LOW RISK ENTRY POINT?WHAT IS A LOW RISK ENTRY POINT?
First off, reminder that you will never find a low risk entry point at a low.
You need upwards movement off a low to start creating the upwards velocity, to create the uptrend, which will lead to the faster, more sustained gains.
The true party starts once the conf
Scalp it or Swing it, but its bearish There is 65% chance that this trade would hit. Only time will tell though.
The upper trendline is bearish and it held for long, will whales manipulate the price and get the liquidity above then continue lower or the price will just hit lower? only time will tell.
I think maybe we will be visitin
See all ideas
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Related commodities
Frequently Asked Questions
The nearest expiration date for 1-Ounce Gold Futures (Jun 2025) is May 28, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell 1-Ounce Gold Futures (Jun 2025) before May 28, 2025.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For 1-Ounce Gold Futures (Jun 2025) this number is 1.84 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for 1-Ounce Gold Futures (Jun 2025) shows that traders are closing their positions, which means a weakening trend.