Gold - Looking for a short at 2662Nice spike up to the level. I am looking to go short at 2662 with the SL just above the previous high.Shortby BlueSecUpdated 110
Gold - longsI missed the short entry during the last night spike to 2664!! As mentioned in my previous Idea, Gold chart has started showing signs of reversal, and it may play out in next day or two. In the meanwhile, I am also looking for a short term longs at around 2632-2633 area.Longby BlueSecPublished 220
GC - looking for a possible sell entryI am seeing some of the early breakdown started, but in very early stage and it might take couple of days to play out. I am very much interested interested in selling the GC at around 2665 to 2670 area. There is a chance it may spike up during European or early US session tomorrow. On the downside, 2632 area is a strong support and may hold up and bounce before price going down to 2610 area.Shortby BlueSecPublished 0
#202439 - priceactiontds - weekly update - goldGood Evening and I hope you are well. tl;dr gold: Bulls got a clean breakout but they need follow through on Monday/Tuesday. The current channel fit’s nicely but we only know market is respecting it when we see a pullback. If this breakout is strong, bulls would not let the market fall below 2600 again. A weaker trend would pull back to the daily ema around 2600 before continuing. As long as we hold above the daily ema there is a very good chance we will see 2700 next. Small chance this trend is accelerating and breaking above the drawn channel and we would see 3 strong legs up which could lead to 2800. Quote from last week: comment: Finally the breakout above and the 2600 print. All bullish targets are now met for me so no interest in buying this high. I think the odds that bulls break above the wedge and start a new bull rally are very low and much more likely is a trap over the next 1-5 days and then a reversal down to at least 2540. That’s all I have to write about this right now. comment: I always think about wrong outlooks much more than about right ones. In this case, was the “no interest in buying this high“ the right call here and I would come to a yes in every scenario. Of course it was wrong and market made another 50 points but risk reward was so off, not taking it was the right move for me. Anyhow. Bulls confirmed another bullish structure and we have a bull wedge inside a very bullish channel upwards. current market cycle: Bull trend key levels: 2570 - 2700 bull case : Bulls had the fastest and most shallow two legged pullback there is on Tuesday/Wednesday and continued with max bullishness for 2650. By now every bear has given up and we will truly find out how high this can go over the next months. As of now my preferred pattern is the bull channel and since we are at the highs, bulls would need another strong bar like Friday to break above it. Can they get it? Absolutely. Am I betting on it? No. Invalidation is below 2570. bear case: No idea where and how strong they come around. Will most likely be more bulls taking profits rather than strong selling. Lower bull trend line is 50 points lower and I doubt we hit it on Monday. Buying 2640 is a bad trade and bears know it but I rather wait and see where we go. On the 1h tf we have not traded below it since Thursday’s Globex session. Currently very hard for bears to make money so make your life easier and look for longs. Invalidation is above 2660. outlook last week: short term: Neutral. I need to see bear strength before selling this. No interest in longs above 2600. → Last Sunday we traded 2610 and now we are at 2646. Meh outlook because bulls were much stronger and broke above again but I also advised against shorts until bears come around. They did not. short term: Neutral. I won’t be buying 2646. Need a pullback. medium-long term: Very strong breakout above, again. Market currently has no ceiling. Most likely 2700 next and I do think 3000 could be a potential target if we continue. There is certainly an argument for a measured move based on the bull rally from 2018-08 to 2020-08. current swing trade: None. chart update: Added bull wedge.Longby priceactiontdsPublished 0
Gold vs Oil RatioGold vs Oil Ratio. Along with the simple Gold graph to highlight what drives this ratio change.by TradingviewMPublished 0
COT Strategy - Gold ShortDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence. COT Strategy SHORT Gold (GC) My COT strategy has me on alert for short trades in GC if we get a confirmed bearish change of trend on the Daily timeframe. COT Commercial Index: Sell Signal Valuation: Overvalued vs Treasuries Extreme Positioning: Commercials most short they have been in last 3 years = bearish. Only thing that would be better is SS's making an extreme in long positioning, but no luck with that yet (but something I'm watching). OI Analysis: OI has been increasing on up move since June. When OI increases, we need to ask "who caused the OI increase"? When it is caused by Large Specs & Small Specs, it is bearish. In the case of Gold, it is being caused by LS & SS's, which is bearish. Spread: Bearishly diverging. ADX: Diverging, implying the trend lacks integrity. Supplementary Indicators: Acc/Dis , %R, Stochastic & Momentum (not yet triggered) Remember, this is not a "Short Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the downside, which we will participate in with a confirmed Daily trend change to the downside. Good luck & good trading.Short05:52by Tradius_TradesPublished 0
GC! TO THE MOON Price Trend Gold futures (GC1!) are currently showing a strong upward trend. The chart indicates that the price has formed a clear upward channel since the end of 2022, and has recently broken through the upper boundary of this channel, demonstrating even stronger upward momentum. Key Data Current price: $2,646.2 per ounce Change: +35.5 (+1.36%) Trading volume: 893,122 contracts Technical Analysis Trend: The long-term trend is clearly upward, with short-term acceleration in price increases. Support and Resistance: Major support is at the lower boundary of the ascending channel, around $2,400. The current price has broken through previous highs, with no obvious resistance at the moment. Volume: Recent trading volume has remained at relatively high levels, supporting the price increase. Seasonality: According to the seasonal data at the bottom of the chart, September is typically a weaker month for gold performance, but this year has shown exceptionally strong performance. Market Sentiment There is currently strong demand for gold in the market, possibly influenced by global economic uncertainties and inflation concerns. Risk Warning Although the current trend is strong, the price is at historical highs, posing a risk of correction. Investors should closely monitor changes in the global economic and geopolitical situation. Summary Gold futures are currently in a strong uptrend, with the breakthrough of key resistance levels indicating strong bullish sentiment in the market. However, considering that prices are at high levels, investors should remain cautious when making trading decisions and set appropriate stop-losses.Longby curtischangTWPublished 0
Sell Russell and Gold tomorrowTomorrow I will be looking for shorts if everything went like expected. Setups are explained in detail in the video #trading #goldtradingShort05:51by MoemenAwadallaPublished 1
Gold ZonesI have no zone, between the green and yellow, but there is a price level to be aware of.09:28by MoneyDuck_ButchPublished 0
Gold to 2530From what we saw during the FOMC meeting I predict to see the price of Gold more lower than the Monthly opening;Shortby RanoTradingPublished 0
New Plan! Buying MGC Contracts until the (DXY) Smoke Clearsthe markets opened up for the week and DXY - the US dollar index - immediately started selling off, down almost 0.5% within the first couple hours of trade.. i think its time to leave that market alone until it sees some stability. i will now be looking over to the gold marketLongby trader9224Published 1
[Daily Bias] Gold - Thu 091612024 - Drop lowerThe price opened within Friday's value area, tested the value area high (VAH), and then dropped today. After a significant move, the price needs to stabilize before deciding on the next direction, especially with tomorrow's newsShortby zneo99Published 0
[Daily Bias] Gold - Thu 091212024 - Drop lower Following the significant drop after yesterday's CPI release, I anticipate further downside today, especially as the market transitions from the Asian to London session. If the previous day's Value Area Low (VAL) holds, we may see a retest of the Value Area High (VAH) or the Developing Point of Control (DPOC). However, if the VAL fails to support the price, a deeper decline is likelyby zneo99Published 0
[Daily Bias] Gold - Wed 09112024 - Continue RallyThe price is rallying with strong momentum, and I expect the rally to continue today following the CPI release. I anticipate two possible scenarios: The previous Value Area High (VAH) holds, allowing the price to continue its upward rally after the CPI release. The price pulls back into the previous Value Area, holds there until the CPI release, and then resumes the rally by zneo99Published 1
Gold 2,538$, Sept 24'. Sharp Decline follows ContinuationHello Traders. This is my analysis of Gold for the medium term. We have CPI forecasted to decrease tomorrow and IR anticipated to be cut next week. We may observe heavy volatility and opportunity in the market. CPI Consumer Prices have been decreasing /cooling all summer 24' Labor Market began strong but has progressively cooled though Summer 24' Additionally, the Labor market began relatively strong through Q1 and Q2 24' but has eased into Q3 Interest Rates have remained the same through the summer 24' and remain unchanged since Sept 23' Shortby ShrewdCatfxPublished 1110
GC - possible longGoing long GC @ 2535, with sl just below 2533.. small SL... will update the TP soon...Longby BlueSecPublished 1
GC - looking for a higher move..Looking for a higher move on GC. Late day, possibly it should pick up movements!!!Longby BlueSecUpdated 2
[Daily Bias] Gold - Tue 09102024 - Selling dayAfter yesterday's rally with limited momentum, I'm anticipating a drop if the previous VAH can keep the price within Monday's Value Area range. With no significant news today, I expect the market to range until a potential big move tomorrowby zneo99Published 1
Finally we have seen a minor confirmation for Downtrend. #GOLDits been several days the market was undecisive and chaotic. Finally its coming to a normal shape and trend. As always, technical traders are the first to notice the moves...Shortby RASHIDTESHAEVUpdated 222
Gold Futures analysis 2024/09/09 COMEX:GC1! Notice: The points are only valid from 2024/09/09 to 2024/09/20 What we have now? 1. Current price: 2530 2.The key support and resistances level: 2570 2535 2485 2420 2310 Future Price movement 60% chance: The momentum today is still pretty strong, and I’m expecting a of another push towards the resistance level at 2570. 40% chance: Moving back to 2500, and start moving back from 2500 to 2485 Trade safe!Longby DrkeezySSGcupPublished 8
Looked at about five markets9.9.24 there were some great moves at the end of last week and there were great reversal areas this weekend on Sunday especially with the ES and this follows the previous video when I predicted that the es would go down about 100 points. I botched up the silver on this video a little bit but it made a real nice movement lower and came down to support ... but I'm not quite sure if it's going to go higher or lower... so I talked about that on the video. I left some other Marcus that we've been following to be videos maybe later today or tomorrow.32:02by ScottBogatinPublished 5
[Daily Bias] Gold - Mon 09092024 - Selling dayAfter a significant drop on Nonfarm Friday, I'm looking for selling opportunities today. There are two potential scenarios: If the price rallies up to the previous Value Area Low (VAL), I will look for a selling opportunity once it starts to drop again. If the price cannot be rejected at the previous VAL, I will consider selling at the latest Developing Volume Point of Control (DVPOC) by zneo99Published 0
#202437 - priceactiontds - weekly update - goldGood Evening and I hope you are well. tl;dr gold: Neutral. All bull wedges broken but the broad bull channel continues. Market only moved sideways, so no deeper meaning to this. Bears could not get a single daily close below the daily ema. Unless that changes, bulls are heavily favored to try 2600. Bears are only allowed to speak again once they have a daily close below 2500. Quote from last week: comment: Weekly inside bar. I am not lazy but I do not see any value in making up more words to fill the page so you can stay busy longer reading this. Market is neutral around 2530. Bulls need a daily close above 2570 and bears one below 2500. That’s it. Structure is still bullish. We have a big bull wedge on the weekly/monthly chart, nested bull wedges on lower time frames and sort of a bull channel upwards. I very slightly favor the bears to test 2500 again but only because bears closed last week at the lows. Daily ema held for 3 weeks now and there is no reason why it should break now and we are only 10 points above it. comment: 4th week between 2500 and 2570. 3rd consecutive bear bar on the weekly chart but does that mean this is bearish? Hell no. Bears still have no daily close below the daily ema and until that changes, bulls are in control but only barely anymore. The longer a trading range continues, the more neutral the market becomes and the odds for both sides are 50/50 again. No deeper meaning to this until we break below 2500 or above 2570. current market cycle: Trading range for many months now and it’s probably coming to an end over the next weeks/months. Bulls are currently still trading above the previous highs, which is sort of confirmation of the breakout but I am not 100% convinced. Need a daily close above 2570 for that. —unchanged key levels: 2400 - 2570 bull case: Bears not doing enough so bulls are happy to continue. They want 2600 next and have all arguments on their side as long as they stay above 2500. Only updated 2517 to 2500. Still unchanged bull case for weeks now. Invalidation is below 2500. bear case: Nothing changed for the bears. Either stop the bulls below 2570 or give up for 2600 and potentially 2700 over the next weeks. Bears need a 1h close below 2500 badly. That’s it. Exactly the same sentences as last week. —unchanged Invalidation is above 2570. outlook last week: short term: Neutral. Clear invalidation levels for both sides. Set up alarms and be patient. → Last Sunday we traded 2527 and now we are at 2524. Hope you did not longed the highs or shorted the lows. Spot on outlook that was. short term: Neutral. Clear invalidation levels for both sides. Set up alarms and be patient. —unchanged because we moved 3 points from Friday’s close to Friday’s close. medium-long term: Above 2570 I will update this. Until then we are in a trading range 2400-2570. current swing trade: None. chart update: Removed bull gap to 2490. It’s still there on the weekly but it currently does not help with the daily/weekly updates.by priceactiontdsPublished 0