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KGD1! trade ideas

GOLD: 21 JUL, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M (Master's Designation). Forecast: Bearish Where are we in Elliott wave analysis? The left-hand chart shows that we are inside the third wave (labeled wave 4-grey). It will basically drop lower in the near term, and after it ends, we will try to look for the 4th wave. (1D Chart): The broader context suggests that wave ((v))-navy may have peaked, completing the entire wave 3-grey. Consequently, wave 4-grey is unfolding to push lower. It might reach as low as 2,304.7 or even lower. I haven't concluded whether wave ((v))-navy has fully ended or if it's just the first wave of the entire wave ((v))-navy, but the current decline is quite necessary. A series of accurate forecasts with gold have been effective, so this is a time when I need more evidence to make further conclusions. (4H Chart): Since the high of 2,488.4, a five-wave pattern is unfolding to push lower, with wave iii-grey currently active. Whether it will continue to push down or if it is over is not as important as the fact that wave iv-grey is about to open up and push a little higher. After wave iv-grey ends, wave v-grey may return to continue pushing lower.
COMEX:GC1!Short
by ShaneHua
1
GOLD Cycle Patterns - Get Ready - Rally - Rally - RallyThis short video shows how my GOLD Cycle Patterns are set up for a broad upward price move in Gold/Silver over the next 5+ trading days. If you've been following my Plan Your Trade videos (for the SPY/QQQ), you'll probably love these Gold Cycle Patterns and my metals research. Some people continue to comment that my research is "Spot On". I tend to agree, but remember, these patterns are only about 80% accurate over 12 months. Still, there is nothing else like these SPY/GOLD Cycle Patterns that provide clear/actionable trading signals/insights 2~3 weeks into the future. Check it out... Get ready for Gold to target $2550+ over the next 5+ trading days. Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
COMEX:GC1!Long
by BradMatheny
Can the HOUSE CAPITALIZE LONG during today's NY Session...?COMEX:GC1! "The One Most Adaptable to Change is the One that Survives." -Charles Darwin Last night as I was monitoring my assets I noticed here on GOLD that sellers have created this Descending iR/LQ Trendline on the LTF's 1Hr N below that needed to be swept.... Now that buyers have swept that liquidity during last night's London Session. I have now set my limit for NY session to go LONG. I want to see the retest of Major Key Level $2,400.00 as my Key entry and then target the unmitigated 1Hr Supply zone above. 1) I'll keep close update as PA develops and we have more data to work with. Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently. Let's Keep Steppn!! Stay Focused & Reach Excellence!! #BHM500K #NewERA #Champions
COMEX:GC1!Long
by TreyHighPwr
GOLD: Time to shine bright?- The chart is self-explanatory as always - Gold is at the ATH with a strong Bullish candle - A breakout will do the trick - Bank of America has given a target of $3000 for 2025 - Yesterday, Gold flew high in the US. - The rising uncertainty in the world is another impetus. Thoughts??? ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
MCX:GOLD1!
by TheChartereds
Gold Market Update: Key Support Levels to Watch This Week This week, the gold market is showing signs of potential recovery as prices dip into key demand areas. Currently trading at a discount, gold may find support around the $2,300 to $2,400 range. These levels are crucial to monitor as they historically represent strong buying interest and could act as a springboard for price stabilization or even a potential rally. As always, keep an eye on broader market indicators, including economic data releases, geopolitical developments, and currency fluctuations, as they can significantly influence gold prices. Traders should remain vigilant and consider these support levels when making informed decisions.
COMEX_MINI:MGC1!Long
by MOTIONCAPITALTRADING
The #1 Reason Gold has hit New HighsGold is a store of value, and its real money when the price of gold goes up, this is not a good sign for the economy. It means your local banks are buying it Because the people have lost faith in the currency because they are not saving their money in the banks. You see for a currency to have "Power" you have to save it in the bank account This is the only way that you can give your currency power if you are not saving it, it means the banks are going to buy Gold In order to stay in the banking business Have you noticed the Rocket booster strategy? it has 3 steps, if you want to learn more about this powerful technical analysis tool, i used on this Gold chart Rocket boost this post to learn more. Gold is a very valuable metal and so is TVC:SILVER this is the best time to get in before the federal reserve drops rates. Thank you for reading. Disclaimer: THis is not financial advice , you will lose money in trading wether you like it or not.Please learn risk management and profit-taking strategies.
COMEX:GC1!Long
by lubosi
This is why gold's breakout stopped dead in its tracks at an ATHThe combination of dovish Fed comments and a softer inflation report from Canada excited gold bulls enough to send spot prices convincingly to a record high on Tuesday. It was gold's best day in 4 months and closed near the high of the day. Yet it couldn't quite stretch to $2370. And here is why... The front-month adjusted futures contract for gold rallied in tandem with spot prices, yet failed to test its own record high set in May. And until it does, I remain suspicious of runaway gains for spot gold prices. in fact, it raises the odds of a pullback for gold. We're not looking to be bearish gold, as the breakout is solid, market positioning remains convincingly bullish without being a sentiment extreme and fundamentals support higher prices. But intraday traders should at least be aware of resistance on the futures contract, to manage their own expectations for spot gold prices if nothing else.
COMEX:GC1!
by CityIndex