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
Contract highlights
๏ปฟGold Pullback Entry Opportunity Gold resumed its rally, sparked by recent tarrif news. Price is pulling back at the moment and has entered an sweet spot where we can confidently take our first low risk Buy.
BUYING HERE BECAUSE
1. We're entering into a low volume area, which is also in line with an FVG on the 1hr chart
2. W
FUTURES GOLD i LIKE THIS POTENTIAL SETUP. WE are at an area of supply. Price is consolidating. I would like to see price break below that support giving us the notion that price will only correct and sell back to those previous areas of support and I have marked out the tp targets as those areas we might see som
Gold: Primarily HigherIn our primary scenario, we expect gold to set a new all-time high as part of the ongoing beige wave I. To achieve this, the price should soon generate more upward momentum during the subordinate light green wave 5 and surpass the current all-time high from April 22. Once the wave I cycle has conclu
Gold is Setting up for a Move! Could it be a big one?Looking for price to set up for a solid move. One thing is for sure we are waiting for the killzones before taking any action. The price action the last few days has been giving fake outs just before we roll into the killzone. Be patient. Wait for things to line up.
Gold Looks Bullish. But need more confirmation! Looking for more supporting signs that gold is ready to go bullish. I think it will pull back first. But waiting to see where price is at inside of the killzone before making any decision on direction. Being that it is Monday price could end up acting flaky on action. So keeping expectations low.
Gold Pops the Channel and Retest Holding Strong Gold FuturesJust Broke Structure with Authority!
Gold smashed through the regular channel resistance with a surge in volume, confirming strong buyer intent. Weโre now seeing a pullback retest right above the previous resistance โ classic breakout behavior.
Here's what Iโm tracking:
- Channel Bre
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
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๏ปฟFrequently Asked Questions
๏ปฟThe nearest expiration date for Gold Futures (Dec 2013) is Dec 27, 2013.
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 (Dec 2013) before Dec 27, 2013.