A Little Indicator is Flashing-One that few Know ofI discuss the GP ratio and how t predicts changes in the market environment and consequent downturns
Contract highlights
Gold's cautious gains might be a sucker-punch for bullsWhile I suspect gold will outperform in 2025, I am suspicious of these early-year gains during low-liquidity trade. Taking market positioning into account, I assess the weekly trend structure alongside areas for bulls to seek potential shots on the daily and 4-hour timeframes.
MS
Gold Update: Sideways Consolidation ^ $2,800 => $2,400-$2,500Gold futures follow the path posted earlier (see related).
It dropped quickly and deeply within a correction to hit the $2,542 mark.
Next was a strong rebound that stalled just above $2.7k
Then we saw a series of zigzags that shaped a small consolidation
All of this indicates of the sideways conso
Gold’s Next Move: Upward Momentum Building at Key SupportGold is reacting exceptionally well to the Fork.
It has not opened and closed below the L-MLH within a single bar, which eliminates any immediate downside expectations.
Instead, we observe a condensed, slanted trading range or coil, indicating that price is being gradually pressed to the upside.
If Daily Supply Fails let's be strategic & Target 4Hr HIGH LONG!COMEX_MINI:MGC1!
"In order to be successful in life you have to learn how to do something so well that the dead, the living, or the unborn could not to do any better." -Dr. MLK Jr.
Here on the Daily TF market opened up and we are currently trading underneath Daily Resistance/ Daily Supply Zone
Gold possible Set ups for this weekSo as of right now this is what I'm seeing for possible play's. We have an uptrend but its hitting an area were we need to see a break or this is going to be the place were we start breaking down & making lower lows. We will see what the market gives us. This pair moves really good during Asian Sess
GOLD ELLIOTT WAVE ANALYSIS: 07 JAN, 2025©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-Master.
Wave (ii)-orange may have finished and wave (iii)-orange is pushing lower, aiming for the nearest target around 2,608.4.
While price must remain below 2,681.0 to maintain this view.
On the other hand, the alternative scenario ALT (less like
Let's go LONG this week & STRIKE GOLD for the HOUSE!!!COMEX:GC1!
" A life is not important except in the impact it has on other lives." -Jackie Robinson
As we head into the 2nd trading week of the New Year I hope everyone has a HIGH SET Goal that they want to achieve. Let's be strategic in our goals and make sure we put forth rightful action that w
Gold xt moves?Gold remains a commodity of choice in a market that is increasingly becoming unstable because of geopolitical tensions, raising US debt etc.
20pt Stop / 5R Run... Well Done!COMEX:GC1!
"In order to be successful in life you have to learn how to do something so well that the dead, the living, or the unborn could not to do any better." -Dr. MLK Jr.
Self-explanatory... 'Confluence Profile 500K' (Expectational Order Flow + PA) 20pt Stop / 5R Run... 1OOpt Target w/ a 20
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Displays a symbol's price movements over previous years to identify recurring trends.
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Frequently Asked Questions
The nearest expiration date for Gold Futures (Aug 2023) is Aug 29, 2023.
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 Gold Futures (Aug 2023) before Aug 29, 2023.