Gold is changing trend.Gold has been doing previous lower lows. Just hit 3210.00
Expecting change of trend.
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Gold intrday Target ₹94,340.Buy at ₹93,465, CMP ₹93,800, Target ₹94,340.
Target expected to be achieved intrday
Gold's Correction May Not be Over Yet - Here's WhyHere is my 2-minute technical take on why gold could be looking at a break below 3200 as part of a deeper correction, before it even considers resuming its almighty bullish rally.
Matt Simpson, Market Analyst at City Index and Forex.com
A Gap In gold Needs to be Filled! Price opened gaping down. Now im looking for price to fill in that gap. establishing a low for the week and continue pushing up. Possibly going for new ATHs. We have to allow Monday to play out though to see what they want to do.
Gold Selling Continues While Equities Were MixedThe S&P and Nasdaq finished the session today with slight gains while the Russel decreased near 1%, with tech leading the way higher for equities. Along with that, the precious metals saw more selling pressure today with Gold, Silver, and Copper all trading lower today with Silver leading to the dow
We need SWEEPS on Gold for a Bigger movePatiently waiting for gold to give us impulsive activity to indicate for a much bigger move. Need it to break outside of the current value first before I'm interested in a solid direction.
Gold had Swept Lows and Filled Bullish Gaps! Reversal next?This is price action that I was patiently waiting for. Now that we have that sweep lows Im looking for signs price want to turn around. It can remain bearish for now. But Im expecting to see something clear by the time we get inside of the killzone.
news changed things. but we still bullish on GoldPrice pushed down a bit lower but it still makes since for it to take liquidity for gaps and continue with its push. We have to wait for the killzones to give us a better idea.
Retrace Complete...but we need 1 more Sweep on Gold!This pullback is what I waited for and it took all week for it to happen. Not sure if I will get the bullish move today being that it is Friday. But if they hit the level I'm looking for I will try at least once. Keeping expectations low since its the end of the week. but things are shaping out for
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Summarizing what the indicators are suggesting.
Neutral
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Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
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Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The nearest expiration date for Gold Futures is Jun 5, 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 Jun 5, 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 11.43 K. 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 neutral, 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.