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GC1! trade ideas

Gold Positioned for Further Gains Amidst Economic UncertaintyRecent Performance: Gold has seen substantial fluctuations in recent months, reaching record highs while also facing notable resistances. With a year-to- date appreciation exceeding 30%, gold has outperformed other major asset classes, benefitting from a flight to safety as inflation rates continue to rise and geopolitical tensions create uncertainty. - Key Insights: Investors should maintain a close watch on gold as it reveals robust demand against a backdrop of inflation and currency devaluation. The support levels between 2400 and 2500 provide a buffer against potential downturns, while the bullish sentiment surrounding central bank activity underlines gold's status as a critical component of investment strategies. - Expert Analysis: Market sentiment remains cautiously optimistic, with analysts divided. Bullish views on gold stand strong, yet some concern exists regarding possible bearish trends in silver. Experts from firms such as Goldman Sachs warn of high price multiples in the equity markets, cautioning investors of a potential downturn while underscoring gold's attractiveness amid economic fluctuations and interest rate discussions. - Price Targets: Based on professional trading insights, the following targets and stop levels are set for the coming week: - Next week targets: T1 is 2750, T2 is 2835 - Stop levels: S1 is 2600, S2 is 2550 - News Impact: Recent inflation trends have introduced short-term volatility in gold prices, yet central bank strategies continue to support a bullish outlook for gold in the long term. The anticipation of interest rate cuts will be pivotal, increasing gold's allure in investment portfolios, particularly as it maintains strength against currency fluctuations and challenges in other asset classes.
COMEX:GC1!Long
by CrowdWisdomTrading
#202450 - priceactiontds - weekly update - goldGood Evening and I hope you are well. tl;dr gold futures: Neutral. Very strong rally Mo-Wednesday just to almost completely reverse and close the week 11 points above the open. Rallies getting stuffed hard now and bulls will only try so many times until we test lower prices. 2630 is the price for bears to break and bulls need anything above 2760 again. It’s much more likely that we close 2024 around 2700. Market has also formed another triangle on the daily/weekly chart, so don’t expect a trending market for the next 3 weeks. Quote from last week: comment : I won’t waste much time with this market this week. Clear triangle and market is in total balance around 2660. Wait for the breakout or play the range. My best guess would be that we both see 2600 and 2700 in the next 3 weeks. comment : Quick and dirty again. Bulls had the perfect setup for 2800+ but blew it. Big bois selling the rips and market formed another triangle. I doubt it will go anywhere in the next 3 weeks. Likely yearly close around 2700. Play the range or don’t trade this at all. current market cycle: trading range key levels: 2620 - 2750 bull case: Bulls blew it. The setup from last weeks Friday was perfect and Mo-We we had amazing follow through. Thursday was a huge bear surprise and bulls just gave up on the rally. They got stuffed big time now two times over the past 5 weeks, which makes me believe that there are probably not many more bulls who want to try a third time. Sideways is the most likely and reasonable thing to expect here. Invalidation is below 2630. bear case: Strong bears selling the rips but I don’t expect them to really try and push this below 2600 again. 2630 was huge support the past weeks and even if they print below, they would still have to break through the big bull trend line from August. Invalidation is above 2763. outlook last week: short term: Neutral inside given range. → Last Sunday we traded 2659 and now we are at 2675. Market went much higher than expected but nowhere on the week, so outlook was ok. short term: Neutral inside given range. medium-long term - Update from 2024-12-07 : No bigger opinion on this for the rest of 2024. Market is in balance until we see a new impulse. Likely close around 2700. current swing trade: None chart update: Nothing
COMEX_MINI:MGC1!
by priceactiontds
The 3 Step Rocket Booster Strategy From The Iron WatchlistIn life you really have to be careful with you communicate in order to draw your point across because not everyone will understand your vision, In this video, I share with you 2 assets that are part of the Top13 Iron Watchlist That are in a position for a great buy Also, I will show you the 3-Step Rocket Booster Strategy To learn more watch this video. Disclaimer: Trading is risky please learn risk management and profit-taking strategies. Also use a simulation trading account before you trade with real money
COMEX:GC1!Long
by lubosi
Gold (MGCG2025): A Technical Perspective and Market OutlookGold prices have seen a slight decline today, with spot gold trading down 0.3% at $2,672.25 per ounce and U.S. gold futures dropping 0.6% to $2,692.70 as of 0914 GMT. Despite the dip, gold remains on track for a weekly gain, fueled by anticipation of the U.S. Federal Reserve’s upcoming policy meeting. The Fed is widely expected to deliver its third rate cut of the year, a move that has underpinned bullion’s appeal. Notably, gold reached a five-week high in the previous session, spurring profit-taking and subsequent price adjustments. Weekly Overview Gold has risen over 1% this week, demonstrating resilience amidst market uncertainties. The five-week high indicates strong bullish sentiment, but the recent pullback suggests a healthy correction before the market determines its next direction. Technical Analysis: 1-Hour Time Frame On the 1-hour chart, gold appears to be gravitating toward a supply zone between $2,700 and $2,711. This range represents a critical resistance area, where selling pressure is likely to increase. The price action in this zone will be pivotal in defining short-term market sentiment. Key Observations: Supply Zone: $2,700 - $2,711. Downward Target: If gold fails to break above the supply zone, the likely move will be a short towards $2,680. This level represents a strong support zone, aligning with recent price activity and technical indicators. Indicators: Momentum indicators such as RSI and MACD suggest overbought conditions as the price approaches the $2,700-$2,711 zone, further supporting the case for a pullback. Trading Strategy For traders, the current market setup presents both opportunities and risks: Short Positions: Consider entering short positions if gold shows rejection at the $2,700-$2,711 supply zone, targeting $2,680. A tight stop-loss above $2,711 is recommended to manage risk. Watch for Breakouts : If gold breaks above $2,711 with strong volume, it could signal a continuation of the bullish trend, invalidating the short bias. Final Thoughts Gold’s performance this week highlights its role as a safe-haven asset in the face of macroeconomic uncertainties. The Fed’s policy meeting next week will likely be a significant driver of gold’s trajectory. While the immediate technical outlook suggests a potential pullback, traders should remain vigilant and adapt to evolving market conditions.
COMEX_MINI:MGCG2025
by yojavi
Bearish continuation Flag indicating Gold Fall towards 2665 $Short Entry Zone 2710-2700 Future contract Profit taking zone 2665 Stop Loss( Risk 5% of equity) recommended because in this zone I prefer averaging trade with Max risk of 5% of equity Bearish flag formation which indicate heavy price fall. A **bearish continuation flag** is a technical chart pattern often observed in financial markets, indicating the potential continuation of a downward price trend. Here's a breakdown of the pattern: Components of a Bearish Flag: 1. **Preceding Downtrend (Flagpole)** - A sharp, steep decline in price that forms the "flagpole." - Represents strong selling pressure. 2. **Consolidation Phase (Flag)** - Following the decline, the price consolidates in a relatively narrow range. - This consolidation typically takes the form of a small, upward-sloping rectangle or channel, showing a temporary pause in the trend. 3. **Breakout to the Downside** - The pattern is confirmed when the price breaks below the lower boundary of the flag, resuming the downtrend. - The breakout is often accompanied by increased trading volume. Characteristics: - **Trend Direction**: Continuation of a bearish trend. - **Volume**: Declines during the consolidation phase and increases on the breakout. - **Duration**: Flags are generally short-term patterns, lasting a few days to a few weeks. - **Measured Move**: The expected price drop after the breakout is often equal to the length of the flagpole projected downward from the breakout point. Trading the Pattern: 1. **Entry**: Enter a short position once the price breaks below the flag's lower boundary. 2. **Stop-Loss**: Place a stop-loss above the upper boundary of the flag to limit risk. 3. **Target**: Use the length of the flagpole to estimate the target price for the trade. Example in a Chart: Visualize a steep price drop, followed by a slight upward or sideways drift resembling a "flag," and then another drop once the price breaks below the flag's support.
COMEX:GCG2025Short
by asiangoldtraders5
1
Gold Outlook for December 2024Sticking with my conviction that we have indeed capped the high for Gold for 2024 and have already fulfilled a 30% retracement back into the overall range. We could potentially be ranging for the remainder of the year. I'm anticipating major breakouts within Q1 of 2025. If gold decides to breakout of its current range prior to 2025, then I would be anticipating a buy-side manipulation to take price lower towards the equal lows inside of Q3 of 2024. Let me know if you have any comments or questions below, or just your overall thoughts as well. Bless.
COMEX_MINI:MGCG2025Short
by chaarate
2024-12-10 - priceactiontds - daily update - goldGood Evening and I hope you are well. tl;dr gold - Bullish but only until 2740ish. Bulls broke strongly above 2700 and the triangle is dead. Next stop is previous resistance around 2743. I do expect a pullback first, since the channel is obvious. Chart shows the preferred way for me. comment : Bulls are in control again. My chart is very clear, so I won’t try to make stuff up in here. 2678 should not be broken again and next target for the bulls is 2743ish. I expect a pullback down to 2710 or even 2700 before another leg up. If we break above the current channel, we will likely print 2800 before end of Friday. current market cycle: trading range key levels: 2680 - 2745 (above that is 2800 next) bull case: Chart tells the whole story for the bulls. Don’t make this more complicated as it is. Any pullback below 2710 is a decent buy with stop 2678. Invalidation is below 2678. bear case: Bears gave up once they could not reverse the market below 2670 again after y close and the early test down to 2683 in the EU session. Invalidation is above 2745. short term: Bullish. Look for longs near the lower channel line or 1h 20ema. medium-long term - Update from 2024-11-24: Likely to close 2024 above 2800 but I do think the recent selling was the first hint that we will transition into a trading range soon. current swing trade: None trade of the day: Buying the double bottom near 2680.
COMEX_MINI:MGC1!Long
by priceactiontds
Gold silver oil coffee12.10.24 there is some important follow-up on gold and silver. those markets have expanded. what this means is that trade location changes as well. when markets expand and contract this affects trade location for buyers and sellers. regarding coffee there is a two bar reversal pattern that suggests that the Market's going to trade lower a short position here with a small stop and then if we don't get stopped out we can make more judgments depending on how the market moves.
COMEX:GC1!
by ScottBogatin
Gold Futures Trade Idea Gold futures have broken out of multi-year resistance levels and are trading near all-time highs. After trending higher for most of 2024, the focus shifts to where prices will move in 2025 and the remaining weeks of the year. Several macroeconomic factors will influence gold's trajectory, including: 1. Geopolitical landscape 2. Interest rates and inflation outlook 3. Supply and demand dynamics In the next two weeks, significant data points and economic events will shape the market. Central banks worldwide are set to adjust interest rates. The CME FedWatch Tool indicates that the Federal Reserve is expected to cut rates by 25 bps on December 18, 2024. Key considerations will include any shift in language about future rate cuts and the dot plot from the upcoming meeting. Additionally, the U.S. CPI report, due Wednesday, will be closely watched. Key Levels to Watch: Line in the Sand (LIS): 2673.80–2684.50 Resistance: 2740–2760 Support: 2552.50–2566.80 Three Possible Scenarios for Gold Futures Prices: 1. Bullish Break Above LIS: A breakout and sustained hold above the LIS could push prices higher toward resistance levels. This scenario might be driven by softer CPI data on Wednesday and the Federal Reserve's dovish stance, including potential future rate cuts. A lower inflation environment could provide further tailwinds for gold. 2. Pullback Toward Support: If prices break and hold below the LIS, clearing recent consolidation lows around 2630, a decline toward the support zone is likely. This scenario aligns with persistent inflation, leading to a "higher for longer" interest rate environment in 2025. Additionally, easing geopolitical tensions under the new U.S. administration could shift focus toward domestic policies, potentially reducing gold's safe-haven appeal. 3. Range-Bound Price Action: Gold prices could consolidate near current highs, trading within a range below all-time highs. This scenario reflects a lack of decisive inflows or outflows, with market participants waiting for clearer cues to shape the price trajectory in 2025. As the year concludes, the interplay between macroeconomic factors and technical levels will determine whether gold continues its upward momentum, retraces to support, or stabilizes in a range. Stay tuned for key economic releases to guide near-term price action. Disclaimer: The views expressed are personal opinions and should not be interpreted as financial advice. Derivatives involve a substantial risk of loss and are not suitable for all investors.
COMEX:GC1!
by EdgeClear
SPY/QQQ Plan Your Trade For 12-9: Nothing PatternI'm visiting family most of this week and will be disrupted from my normal schedule for another 3+ days. Please be aware I may not be as available for questions/comments as I usually am. Please watch how the markets are extremely overbought at this moment and will likely fall into a pullback mode. I don't expect this to be a big pullback - but big enough that you should consider locking in profits before the move plays out. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
COMEX:GC1!Short
by BradMatheny