Gold Possible trade opportunities So my first gold outlook turned out very nicely. 2 sells opportunities came through strong. Still heavily looking for sells but there could be a small buy back up to a weekly zone but we will see what happens.
MGC1! trade ideas
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 likely), suggests that wave ((b))-navy in another development has completed, and wave ((c))-navy will move higher. A push above 2,681.0 would indicate this.
Gold: trend analysis and price targetsCOMEX:GC1! has been very bullish in the last year, up to the record high at 2.800.
Currently the bullish trend seems to have stopped, as demonstrated by the symmetrical triangle configuration that developed starting from october 2024 and still on formation. Inside this consolidation phase , the point and figure analysis shows a double bottom sell signal (2.620 break). This signal is actually a weak one and its main indication is to underweight for those currently long and want to protect themselves from a possible bear market. The new buy-entry level is set at 2.760 .
For those who want to follow this weak sell signal nonetheless, maybe looking for an aggressive counter-trend trade in anticipation of a bear market, it is possible to go short with target price set at 2.460 and stop loss at 2.760. A more ambitious target can be set at 2.360.
GOLD in monthly chart Nothing has changed in my view about gold chart and I am expecting more corrective sub-waves for its wave 4 we are in. The only concern is about wave iv and (iv) that mentioned with green arrow that can make an extension.
The main point is that we are in a wave 4 correction that can prolong more than you expect.
Another point that should be considered is that wave 5 is extended and it is supposed to rise roughly up to 3236 and then start to make a deep correct but THE SCENARIO for gold is BULLISH for a while.
#202501 - priceactiontds - weekly update - goldGood Evening and I hope you are well.
tl;dr
gold futures: Neutral but slightly bearish if bears get follow through on Monday. Market tested the 50% of the last leg down and found more sellers than buyers. Bulls now have 3 pushed up which went nowhere as of now. We also closed right at the daily 20ema so this is as neutral as it gets. If bulls get a daily close above 2680, we can continue to 2700 and below 2650 I expect more downside to 2600/2620.
comment: Likely more neutral than anything else. 50% retracement of recent bear leg is 2680 and market stopped there on Friday. We have more room to the upside inside this bigger triangle.
current market cycle: trading range
key levels: 2620 - 2720
bull case: Bulls want a retest of 2700 but they have tried 3 times now and price went nowhere. Friday could have been a retest of the breakout but bulls would need a very strong reversal on Monday to confirm that. Bulls don’t have much until they get above 2680 and then the upside could be limited to 2700. No matter how you put it, this is not strong buying by the bulls and nothing to get excited about.
Invalidation is below 2600.
bear case: Bears sold every new high at made money for 3 weeks now. They also fail to make lower lows and that is why we are in a bigger triangle with bad follow-through after every decent bull/bear bar. I think Friday was strong enough to expect a bit more downside but where do you put your stop? 2680? Very high probability market will retest it or go above before it turns again. Most bears would like to short closer to 2700.
Invalidation is above 2730.
short term: Neutral inside given range.
medium-long term - Update from 2024-01-02: If we break strongly above 2700, we will likely retest 2740-2760 and depending on that move, we will either stay inside the big range 2560 - 2760 or retest 2800 or even higher.
current swing trade: None
chart update: Nothing
Gold Futures Outlook for next week So as of right now I'm feeling more shorts coming in for gold. Just going with the trend. There is a buy opportunity possible for retest but if that play's out, I feel it struggle and break down from my buy TP area. If sells play out it's got some good P/L . We will have to see what the market gives us.
Unlocking Gold’s Potential in 2025: What Traders Must Know!!!COMEX:GC1! After a strong rise in 2024, gold has started to solidify its position in 2025. Known for its status as a safe-haven asset, gold benefited from economic uncertainty, geopolitical tensions, and changes in monetary policy. Undoubtedly, by the end of 2024, profit-taking occurred, which caused gold prices to fall from their historic highs. However, as 2025 begins, traders are readjusting their perspectives and strategies, which is providing support to gold.
1. Review of 2024: A Glorious Year for Gold
• In 2024, gold saw a significant surge, with prices rising sharply due to various factors. Changes in central bank policies, particularly the Federal Reserve's rate cuts, played a crucial role in driving gold prices higher. Gold ended the year up 27%, marking a 23% increase compared to the previous year.
• The primary reasons for the pullback from gold's historic highs were twofold. First, traders began to lock in profits, as the annual price increase for this precious metal seemed too good to be true. Second, U.S. economic data, particularly inflation figures, began to show signs of an unexpected reversal. After dropping to its lowest point in 2024, U.S. inflation data began to rise, causing the Federal Reserve to reconsider its extremely dovish monetary policy, which led to multiple rate cuts throughout the year. By the end of 2024, traders' sentiment indicated that the Fed was unlikely to cut rates further in its next meeting, which resulted in the U.S. dollar index rising relative to gold prices.
2. Recalibrating with a New Perspective
• As we enter 2025, traders are considering three key factors that could significantly support gold prices. First, a major event will take place on January 20, when the new president will be inaugurated. The elected president may pressure the Federal Reserve to cut rates further, advocating for a lower interest rate environment. This suggests that, despite some members of the Fed being reluctant to lower rates, the Federal Reserve may be compelled to do so under pressure from the new president.
• Second, the incoming president is expected to escalate trade tensions with other countries, potentially affecting economic growth and increasing geopolitical uncertainty. If this occurs, it may lead some investors to reconsider the U.S. dollar’s status as a safe-haven currency, which could increase demand for gold.
• Third, we are entering a period in which most investors are reallocating funds within their portfolios. Considering the performance over the past two years and the potential for trade policy-driven geopolitical tensions, we may see a fresh influx of capital into gold.
3. Price Trends
• Gold prices have now surpassed the 50-day simple moving average (SMA), which is a positive indicator for the trend. As long as prices remain above this level, we may see a more bullish momentum in the market.
GOLD LONGGOLD
MTF Analysis
GOLDYearly Demand 64,063
GOLD 6 Month Demand 64,063
GOLDQtrly Demand BUFL 68,021
GOLDMonthly Demand 76,120
GOLDWeekly Demand 74,731
GOLDDaily Demand DMIP 75,700
ENTRY -1 Long 76,930
SL 76,660
RISK 270
Target as per Entry 87,519
Last High 79,087
Last Low 74,871
ENTRY -2 Long 74,412
SL 73,331
RISK 1,081
Target as per Entry 90,599
Last High 79,087
Last Low 73,331
Multiple marketsIn January 2nd I've been away from the market for a week or so. I think some of the the index markets are going to reverse and go lower but it's not exactly clear right now. I spent more time than I should have on this video but I wanted to show a few examples of range boxes because I think range boxes are going to be useful in the next couple of weeks.
2025-01-02 - priceactiontds - daily update - goldGood Evening and I hope you are well.
tl;dr
gold - Bullish. Clear breakout on the 4h tf and market looks like it wants to retest 2700. The triangle is the dominant pattern for now and there is no more resistance until 2700 for the bulls. Market kept above the 1h 20ema since the breakout and any long close to it is reasonable until it’s clearly broken. Bears need something below 2650 again and make the market go sideways for longer to turn it neutral again.
comment: Bullish breakout and very strong close at the high. Clear buy signal and market turned bullish again. 2700 is the next big target for the bulls and best case for them would be to keep the 1h 20ema support. Bears need a strong move down to get below 2650 again and then sideways for many bars to turn it neutral again.
current market cycle: trading range
key levels: 2560 - 2760
bull case: Bulls want 2700 next but I doubt they will get much higher than that. Longing any pullback for target 2700-2720 is reasonable for now. The last time bulls printed two consecutive strong bull bars on the daily chart was in mid December when we moved 120 points up. A measured move from the past 2 days brings us to 2730ish and close enough to the lower highs around 2740/2760.
Invalidation is below 2640.
bear case: Bears were nowhere to be found today. They could not print 1 decent 1h bar and that is why I think today’s price action is so strong. Every small dip was bought and volume is also picking up again. Bears would need something below 2640 again but for now the best they can hope for is to stay below 2700 and go sideways.
Invalidation is above 2710.
short term: Bullish. Want to see 2700 and markets reaction there. Depending on the next pull-back, this could continue to 2740+ and break above the bear trend line but for now I look for longs for target 2700.
medium-long term - Update from 2024-01-02: If we break strongly above 2700, we will likely retest 2740-2760 and depending on that move, we will either stay inside the big range 2560 - 2760 or retest 2800 or even higher.
current swing trade : None
trade of the day: Buying near the 1h 20ema.
Channeling the trend trader's frustrations !!!!Gold has been the subject of significant two way action lately,the problem with two-way action is that it tends to move slowly with a + or -10% bias.
In Gold's case it could be argued that the last 3 months trading has been a pit stop on the road to nowhere.The channel I pointed out some weeks back provided the anticipate support but the lacklustre action makes me think that the downside will be tested again,probably on the rin in to President Trump's Inauguration.
With Hurricane Trump due in Washington on Jan 20th I'd suspect that he and others in his circle will be focused on Crypto and that in off itself might pressurise Gold.The fact that Putin's putative BRIC currency block is to be supported by Gold might induce authorities in the West to manufacture and place multiple impediments on Putin's Yellow Brick road.
Then again we have some interesting new people onboard in the new administration who are not noted for either their social skills,tact or their political adroitness.Expect 1600 Pennsylvania Ave to have particularily noisy neighbors in the first 6 months!
X will have every traders attention over the coming months.
Happy New Year to All!
[MCX] Gold Compression Straddle BetGold has a nasty compression. Although techncially it is easy to see the bet of long side is most logical but if you zoom out and see in higher timeframe, the view is on short side.
So, Timeframe analysis does not align at all.
Selling a stradle. On BEP break I will take delivery i.e if it breaks upside, I will retain a short view. If it breaks downside, I will retain a long view.
My bet is - It will fall this year.
GOLD is getting some rest to fly againhello gold poeple adept
For gold I think it is now just taking some rest to fly again in order to has its TP1: 3075 and next TP2:3755, but our precious metal can gow down until 2450 but keep in mind that gold is always for buy because if you short it you will suffer.
NB: if you want more analysis just text me here
GOOD LUCK
[GOLD] Time for the pullback ?After the huge rally we had on the TVC:GOLD , it can be time for a pullback.
Here I start my feelers for a short swing position in building and will manage the position / scenario after this first entry.
We reach my 2 weekly targets for the longs (I didn't expected the second one to be touched as fast) and the rejection of the second one is also an indicator showing me the timing to try my first shorts ...
Great Trade !
Long Gold with Target Growth Next Week
- Key Insights: Gold has shown increased demand due to ongoing economic
uncertainty and inflation concerns. Investor sentiment remains bullish as
central banks continue to face challenges in controlling inflation, making
Gold a safe-haven asset. Traders should look to capitalize on the volatility
surrounding inflation reports and geopolitical tensions.
- Price Targets:
- Next week targets: T1=2720, T2=2760
- Stop levels: S1=2600, S2=2570
- Recent Performance: Gold has recently stabilized around the 2600 mark
following a rollercoaster of fluctuations driven by market reactions to
macroeconomic data. The recent consolidation hints at a potential upward
breakout given supportive fundamentals and persistent investing activity.
- Expert Analysis: Analysts remain cautiously optimistic on Gold prices, citing
that the current price environment is ripe for upward momentum. Most experts
believe that if the price holds above key support levels, we could see a
significant rally as institutional demand increases.
- News Impact: Recent economic data reporting higher-than-expected inflation
rates and ongoing geopolitical tensions have contributed to increasing
Gold's appeal. Central banks' futures guidance indicates a likelihood of
continued support for Gold due to currency fluctuations and market
uncertainty.
Opening Range (1hr) & Volume Profile for New York zone Opening range - wait until one hour range gets established. Then watch to see if trend continues outside of box or reverse to come back into the box.
Volume Profile
Pay attention to today's Value High, Value Low, POC as well as yesterday's VH, VL & POC.
Gold’s Year-End Sparkle: A Short-Term Bullish Play📢 Gold Year-End Bullish Setup 🚀
🔹 Trade Details:
Entry ( now ): $2,643
Take Profit: $2,654
Stop Loss: $2,637
📈 Why This Trade?
✅ Seasonal Trend: Year-end portfolio rebalancing typically drives demand for safe-haven assets like Gold.
✅ Cautious Sentiment: Investors are leaning towards Gold amid year-end uncertainties.
✅ Technical Outlook: Key support near $2,637 holds strong, with potential upside to $2,654.
📊 Analysis Summary:
Gold historically benefits from increased demand during year-end adjustments. Coupled with a supportive technical setup, this trade idea offers a favorable risk-reward ratio for short-term traders.
💬 What are your thoughts on this setup? Let me know in the comments and feel free to share your ideas!
Trade responsibly and manage your risk.
GC1! Gold Possible trades going into next week Gold could have some good play's coming through soon into the New Year . We still have New Year eve & day to get through before markets start moving more normal but as of now this is what I can see if it play's out with my strategy. January could be a wild start of the year with the new president going into office. Lets profit from it with possible major price action. 30min closure is what I'm looking for when it gets to the zone. 5min entry point
