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KGD1! trade ideas

GOLD (GC1!) ELLIOTT WAVE ANALYSIS - FLAT PATTERN BEARISH©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M (Master Designation). Conclusion: The previously mentioned ALT wave count scenario is triggered, gold continues to fall lower with a ((c))-navy wave. Probability assessment: Main wave count scenario. Forecast direction: Pushing much lower. Long-term bullish potential: Not really, the ((c))-navy wave can move to lower targets; therefore the medium-term outlook is bearish. Details: We are moving down with a ((c))-navy wave in a flat pattern of 4-grey wave. The decline will move to a target of 2,671.0 and then 2,596.7. While the price must remain below 2,794.8 to maintain this view. Invalidation Point: 2,794.8.
COMEX:GC1!Short
by ShaneHua
GOLD, is it possible time to sell? Hello everyone! There is a high likelihood that gold may decline from its current level. The 2800 mark is a historical high and a critical level. Will the bulls be able to break through it immediately? From a long-term wave perspective, the price of gold may currently be in corrective wave 4, which is likely not yet complete, as the time targets have not been reached. The RSI on the daily chart is near the overbought zone and is trending downward, while volumes have been declining for four consecutive sessions. Additionally, according to the CFTC report, speculative long positions have reached the peak levels of October 2024, when gold prices dropped, leading to profit-taking. Taking all this into account, I believe the bulls currently lack sufficient strength to continue the trend, and some cooling is needed. From a wave analysis standpoint, a triangle formation is possible, followed by gold entering wave ((C)) with a target in the range of 2660-2640. It is important to exercise caution. For a more confident entry into a position, it would be preferable to see a false breakout of the level, which has not occurred yet. This should be kept in mind.
COMEX:GC1!Short
by AUREA_RATIO
1
How to Enter a BUY In GOLD This Week! Step By Step!This is how I do it every trading day, and I want to share it with my viewers! Make sure your time frame alignment is one of the following: Weekly - 4H - 15m - 1m Daily - 1H - 5m - 1m Then make sure your bias is aligned on each one of those TFs. Then enter your trade on the 15m or 5 minute. You're all set! Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:GC1!
by RT_Money
3
The New Competition is apon us📈 Upcoming CME Trading Competition: What Traders Should Know 📈 The CME Group is gearing up for its annual trading competition, and it's an excellent opportunity for traders to showcase their skills in a simulated, risk-free environment. Here are some key points to keep in mind: Key Factors to Watch Out For Real-Time Data Feeds: Ensure you have access to accurate and timely market data. Diverse Asset Offerings: Familiarize yourself with the various asset classes available, such as agriculture, energy, metals, equity indices, interest rates, and foreign exchange. Competition Environment: Understand the rules and regulations to avoid disqualification. Psychological Pressure: Stay calm and composed, as the competitive environment can be intense. The Importance of Backtesting Backtesting is crucial for developing a robust trading strategy. By using historical data, you can simulate trades and analyze the effectiveness of your strategy5. This helps in identifying potential flaws and refining your approach before risking real capital. Inspirational Quote To wrap things up, here's a quote by the legendary trader Jesse Livermore: "The game of trading is the greatest game in the world. If you are wise enough to learn it, you can do anything you want to do." Best of luck to all participants! May your strategies be sound and your trades profitable. 🚀
COMEX:GC1!
by Uniden202
100Pts Long on GOLD / 5R Multiple for DA HOUSE Recap!!COMEX:GC1! "2025 For a greater reward, we must go to the valley to CONQUER!!" -500KTrey Here in this video I have gone into great detail about our system; Confluence Profile 500K (Expectational Order-Flow + PA) 20pt Stop / 5R Run... Well DONE!! Enjoy. Stay Dedicated. Stay Focused. Seek Inspiration!! Remember; "Our Profession is to Manage the downside costs of printing HIGHSIDE returns of $$$ consistently. Done correctly, well an Abundance of low hanging fruit awaits us." -500KTrey +Shalom
COMEX_MINI:MGC1!
by TreyHighPwr
Gold Looks Towards 2700 $Gold Futures Short at 2730 $ as Double Top Pattern formation completed and Neck Line is Broke successfully with retest done in H1 time frame. Expected fall towards 2700 $ which will be Profit Taking level. Characteristics of a Double Top Pattern: Two Peaks: The price creates two nearly equal highs, indicating strong resistance at that level. The peaks are separated by a pullback (called the "valley"). Support Breakout: The pattern is confirmed when the price breaks below the "neckline" (the horizontal line connecting the lowest point of the valley). Volume: Volume is typically higher during the first peak and lower during the second, showing weakening bullish momentum. Bearish Implication: When the neckline is broken, it suggests a potential downtrend, as buyers fail to push the price higher.
COMEX:GC1!Short
by asiangoldtraders5
Long positions feasible as gold tests resistance levels next wee - Key Insights: The recent performance of gold indicates its positioning at critical resistance levels, particularly around $2720. The potential for upward movement remains if it breaks through these levels. Traders should focus on managing risks given the high volatility, and beginners are encouraged to practice with a demo account before engaging in live trading. - Price Targets: Next week targets for long positions are T1: $2750, T2: $2785. Stop levels are S1: $2710, S2: $2680. This setup suggests a cautious approach while betting on gold’s ability to breach key resistance. - Recent Performance: Gold exhibited significant fluctuations this past week, stabilizing around the $2750 mark. Its performance stands out particularly as other financial sectors have excelled, though gold remains intertwined with evolving market conditions reflecting investor sentiment. - Expert Analysis: Analysts continue to express a cautiously optimistic outlook for gold in light of shifting economic indicators. While volatility remains a concern, the sentiment among experts suggests that a breakout above $2720 could signal renewed interest from commodity investors, especially during uncertain economic times. - News Impact: Positive earnings announcements from major banks have created a ripple effect, fostering speculation about a possible shift of capital from equities into commodities. This environment encourages attention towards gold as a safe haven or alternative investment during times of market turbulence, underscoring gold's importance in a well-rounded investment strategy.
COMEX:GC1!Long
by CrowdWisdomTrading
Master ICT Weekly Profiles❔ What Are ICT Weekly Profiles? ICT Weekly Profiles are conceptual frameworks designed to illustrate common patterns of price behavior observed during a trading week. These profiles help traders analyze and anticipate potential market movements based on historical tendencies and recurring patterns. Each ICT Weekly Profile has distinct characteristics, providing insights into how price action might unfold within a given week. However, it is essential to emphasize that these profiles are not definitive predictions but tools for understanding market tendencies and guiding decision-making. Detailed explanations of each ICT Weekly Profile, accompanied by examples, are provided below. 🌟 Classic Tuesday Low of the Week Bullish In a bullish scenario, the market often exhibits a manipulative move on Monday, hovering above a higher time frame discount array. By Tuesday, the price typically retraces into this higher time frame discount array, establishing the low of the week before resuming its upward trajectory. To anticipate this behavior, it is crucial to identify the higher time frame discount array. If the market does not drop into the discount array on Monday, it is highly likely that Tuesday will see a drive lower, forming the weekly low during the London or New York session. 👉 Classic Tuesday High of the Week Bearish In a bearish scenario, the market may exhibit a manipulative move on Monday, hovering below a higher time frame premium array. On Tuesday, the price typically rises into this higher time frame premium array, establishing the high of the week before resuming its downward trend. To effectively anticipate this behavior, it is essential to identify the higher time frame premium array. If the market does not rise into the premium array on Monday, it is highly probable that Tuesday will witness a drive higher, forming the weekly high during the London or New York session. ℹ️ Wednesday Low of the Week Bullish In a bullish market, price action often exhibits manipulative behavior on Monday and Tuesday, hovering above a higher time frame discount array. On Wednesday, the price typically drops into the higher time frame discount array, establishing the low of the week before resuming its upward movement. Key Insight: To anticipate this phenomenon, it is crucial to identify the higher time frame discount array. If the market does not drop into the discount array on Monday or Tuesday, it is highly likely that Wednesday will see a drive lower, forming the weekly low during the London or New York session. 🔗 Wednesday High of the Week Bearish In a bearish market, price action often displays manipulative moves on Monday and Tuesday, hovering below a higher time frame premium array. On Wednesday, the price typically rises into the higher time frame premium array, marking the high of the week before continuing its downward trajectory. Key Insight: To anticipate this phenomenon, understanding the higher time frame premium array is essential. If the market does not rise into the premium array on Monday or Tuesday, it is highly probable that Wednesday will see a drive higher, forming the weekly high during the London or New York session. 🟢 Consolidation Thursday Bullish Reversal In a bullish market, price may consolidate from Monday through Wednesday before running the intra-week low and rejecting it, forming a reversal. How to Anticipate: Identify the higher time frame discount array. If price fails to drop into the discount array earlier in the week, Thursday may see a drive lower due to market-moving news or an interest rate release, typically around 2:00 PM (New York local time). ⓘ Consolidation Thursday Bearish Reversal In a bearish market, price may consolidate from Monday through Wednesday before running the intra-week high and rejecting it, forming a reversal. How to Anticipate: Recognize the higher time frame premium array. If price fails to rise into the premium array earlier in the week, Thursday may see a drive higher triggered by market news or an interest rate release around 2:00 PM (New York local time). 📈 Consolidation Midweek Rally Bullish When price is bullish and consolidates from Monday through Wednesday, it may run into the intra-week high and expand higher into Friday. How to Anticipate: Look for a scenario where price has yet to reach the higher time frame premium array but has recently rallied from a discount array and paused without any bearish reversal signals. This suggests the price is preparing to expand higher towards the premium array. 🔴 Consolidation Midweek Decline Bearish When price is bearish and consolidates from Monday through Wednesday, it may run into the intra-week low and expand lower into Friday. How to Anticipate: Identify if price has yet to reach the higher time frame discount array but has recently declined from a premium array and paused without any bullish reversal signals. This indicates the price is likely to expand lower towards the discount array. ⛔ Seek and Destroy Bullish Friday This is a neutral to low-probability profile. From Monday to Thursday, price consolidates while running shallow stops above and below the intra-week high. On Friday, it runs the intra-week high and expands higher. How to Anticipate: Such conditions often arise during periods of interest rate announcements or Non-Farm Payroll reports, especially in the summer months (July and August). It is advisable to avoid trading under these conditions due to increased unpredictability. ⚡ Seek and Destroy Bearish Friday This is a neutral to low-probability profile. From Monday to Thursday, price consolidates while running shallow stops above and below the intra-week high. On Friday, it runs the intra-week low and expands lower. How to Anticipate: This profile is common during major news events, such as interest rate announcements or Non-Farm Payroll releases in the summer months (July and August). Trading in these conditions is best avoided. 🧠 Wednesday Weekly Bullish Reversal In a bullish market, price consolidates from Monday through Tuesday, drives lower into a higher time frame discount array on Wednesday, inducing sell stops, and then reverses strongly. Key Characteristics: This pattern often occurs when the market is trading at long-term or intermediate-term lows. Institutional buying is paired with sell-side liquidity, typically targeting sell stops. 💪 Wednesday Weekly Bearish Reversal In a bearish market, price consolidates from Monday through Tuesday, drives higher into a higher time frame premium array on Wednesday, inducing buy stops, and then reverses strongly. Key Characteristics: This pattern commonly appears when the market is trading at long-term or intermediate-term highs. Institutional selling aligns with buy-side liquidity, typically targeting buy stops. 🎉 Conclusion ICT Weekly Profiles are structured frameworks designed to identify recurring patterns in price movements over the course of a trading week. These profiles encompass various scenarios, including bullish and bearish trends, midweek reversals, and periods of consolidation. By studying these patterns, traders can anticipate potential weekly highs and lows by analyzing price behavior on specific days, such as Monday through Wednesday.
COMEX:GC1!Education
by CandelaCharts