Gold at a Psychological Level Gold has now risen to 100 times its previously fixed price of $35 per ounce.
Is this a psychological milestone signaling a correction ahead, or is there still more upside potential?
Under the Gold Reserve Act of 1934, gold was officially priced at $35, a rate maintained until 1971, when President N
Contract highlights
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
GC/GOLD bull rally setupHigh potential: looking for a 60 SMA support (~3200) in 2 weeks and then continue the bull rally (green path)
Medium potential: looking for a 20 weekly SMA support (~3140) in 1 month and then continue the bull rally (cyan path)
Low potential: directly break out next week (red path), but indicators
Gold Still bearish for the momentLooking for gold to fill in a Bullish gap before I consider longs. price is pretty bearish this week and im thinking it due to the contract roll and month end close. Looking for price to find some area of support before considering going Long. As always we wait for the Killzones.
Intensions to go SHORT from HTF Daily Fib. Levels 78.5-88.6%COMEX_MINI:MGC1!
If all else fails, Try Again. -500K
In this short vid. I have given my narrative as to why I am interested in this POI to go SHORT... Nothing is set in stone, however we play the long-term game of probability.
Remember our profession is to Manage the Downside costs of printing H
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
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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Frequently Asked Questions
The current price of GOLD Futures is 147,200 KRW / GRM — it has risen 0.62% in the past 24 hours. Watch GOLD Futures price in more detail on the chart.
Track more important stats on the GOLD Futures chart.
The nearest expiration date for GOLD Futures is Aug 20, 2025.
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 before Aug 20, 2025.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For GOLD Futures this number is 0.00. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for GOLD Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for GOLD Futures. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of GOLD Futures technicals for a more comprehensive analysis.