Setting the Stage to Break the ManipulationSilver and gold have held up well during the recent sell off and now with the dropping dollar, we may undergo some serious moves until the DXY cycle low
GOLD1! trade ideas
Remaining Bullish on Goldyesterday was the Non Farm Payroll news. Price stalled till it was time for news then pulled back to fill in a H4 Gap. Now I'm looking for price to continue bullish. There is not Area that they did not fill in so I'm thinking they might just come out the gate running soon as we are inside of the killzone. waiting for the killzone is the key though.
MGCLooking at Gold on the 30m time frame we are breaking into new highs and inside this 30m range. I am bullish on Gold and want to see price move higher during London and NY session and provide opportunities inside the lower time frames like 5m and then 1m.
I want to see the 30m highe at 2939.8 get broken tomorrow NY session.
Gold Confirms its Bullish for the week!The bullish play that I was looking for ended up playing out. Now I'm looking for it to continue but sitting on hands till it gives up a solid entry point. Waiting for the killzone is key.
GOLD AssertationNot 100% confident in this trade Based on whats been happening in the market Missing about two confluence to be More Confident But Will See How This Works Out and Learn From my Mistake Even if i Am Right Originally my confidence in this wasnt there So i will dissect That Reason To better Pin Point High Confluence Trades
Gold Futures - Potential Springtime ReversalGold futures have been on a rally, but recent price action suggests a potential shift. Could we be witnessing a Wyckoff distribution forming?
Understanding Wyckoff Distribution
The Wyckoff distribution pattern occurs when large institutions begin selling off their positions to retail traders before a downtrend begins. This phase is often characterized by sideways price movement, false breakouts, and key "Signs of Weakness" (SOW) that hint at an impending sell-off.
A Recent Sign of Weakness in Gold Futures
A possible sign of weakness in gold futures was observed recently when prices gave a false break out at what retail traders would label "key levels".
Historical Seasonal Trends: Spring Reversals
Looking at historical data, Moore Research Center, Inc. (MRCI.com) has tracked seasonal gold price patterns for over 40 years. Their findings indicate that gold often experiences price reversals during the spring months. This aligns with the idea that we could be heading into a seasonally weak period, increasing the likelihood of a distribution phase playing out.
What Traders Should Watch For
As Gold rallies back towards a new all time high we should be aware that it may be just a false break to form the final phases of a distribution schematic. This would form an upthrust, and upthrust after distribution, followed by a sharp retracement back into the range and ultimately leading to a sell off and market reversal.
Final Thoughts
While nothing is certain, the combination of the financial institutions footprint and historical seasonal data suggests gold traders should proceed with caution. Whether you’re trading futures or investing in physical gold, staying aware of these patterns can help you make informed decisions.
Do you think a Wyckoff distribution is playing out in gold? Share your thoughts in the comments!
Gold in Strong Uptrend, but Is a Correction Looming?Gold remains well-positioned in a strong bullish trend, although prices have struggled to break above the rising trendline of the ascending channel. Considering that this move could represent the fifth wave of a larger-degree Elliott Wave structure, I’m on high alert for a potential correction. A pullback could bring prices back toward the $2,600 area. However, as of now, there are no clear signs of weakness, and the trend remains decisively bullish. 📈🔥
LETS GOOOO!!! NEW WEEK ON GOLD!!!Looking for the moves an I think we will come out the gate moving bullish all week. Practicing patience and waiting for the killzone before getting active on anything. Expecting some good moves starting tonight.
GOLD FUTURES MADE TREND LINE BREAKOUTgold if comes above 85000 again can make strong bullish trend
also can make new all time high
New Month, New Week, New Opportunities on Gold! looking for price to flip back to bullish this week but we need to wait for a break in structure of a possible sweep of the lows first before we see it. Monday might just be flaky so being hesitant until Tues for the best move.
GOLD - WEEKLY SUMMARY 24.2-28.2 / FORECAST🏆 GOLD – 16th week of the base cycle (15-20+ weeks). The February 24 pivot forecast turned gold downward, marking the top of the current base cycle and forming a double top with the February 11 pivot forecast. By Friday’s close, gold hit the first support at 2850 (see chart). We are in the final stage of the base cycle, but the pattern does not yet resemble a cycle completion.
👉 The price movement from the January 29 extreme forecast to the February 11 or February 24 extreme highs provided over $15K per contract on GC futures. Those who entered, congratulations on an excellent trade. A short position was opened at the February 24 pivot forecast.
👉 Strong support is at the October 28 extreme forecast level (2850-2830 on the current futures contract). This level needs to be broken. The next support is the broken double top at the previous retrograde Mercury level from November 25 (2780 on the current futures contract).
⚠️ The next extreme forecast is March 3 – the beginning of the retrograde Venus period, which I wrote about in early December. I am not sure if this extreme forecast will start a new cycle. A strong extreme forecast within the timing of the base cycle’s completion falls on the start of retrograde Mercury on March 17 (week 18 of the cycle).
GOLD swing predictThe price will touch the under big-frame trend line (green) after breaking the black trend line and then touched the upper big-frame trend line(blue) again COMEX:GC1!
GOLD FUTURES SELL UPDATEFrom my previous sell set up. It hit TP!!!! Price retested on the 15min and I waited for my confirmation which is a bearish candle closes below the last bullish candle then I went in on the next candle
GOLD CORRECTION AND THEN RALLYGold may fall to fill the gap of 2773.00 and test 2735.00 area before rallying back to 3000.00
GOLD Closing out the MonthLooking for Gold to fill in the Weekly FVG then turn around to flip back bullish going into the new month. Price will show its hand between now and London. We just have to wait for it. Patience is key!
Bullish Hourly Setting up on Gold ChartsGold is showing strong potential for an upward move. With a solid support level in place and bullish momentum building, this could be an excellent time to position for a breakout. If the price holds above key support, we may see significant gains in the near term.
Gold Temp Bearish Pressure Price looks like its going to sweep the lows. I mentioned this in my previous update. Being that it is the end of the month and coming up to end week we might not get the bullish play this week but if they move inside of the Weekly FVG then they have my attention.
JOURNAL FOR MGC1!Today I placed two trades on MGC1! my first entry was a sell scalp which was strictly a technical entry and the second was the buy back up because it goes with the bias of gold being bullish, and inflation fears, so for each trade Ive wait on a area of consolidation (order block) then wait on a break out in this case after that impulsive move to the downside on gold I waited for an area of support to form with rejections of pushing lower at this point an order block should start forming, I tend to get a better structure of an order block forming on the 5min, once a bullish engulfing to print above the last high then I take the trade, today I had no draw down my entry was precise!
SPY/QQQ Plan Your Trade Afternoon Update For 2-26-25Please take a moment to watch this video, in which I share my techniques and highlight what I believe will be the next setup phase for the SPY/QQQ, Gold, Silver, and Bitcoin.
It looks like the selling pressure is nearly over, and I think the shift to a moderate recovery rally could set up over the next 24-48 hours.
It could be a good setup for skilled traders.
Get some.
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Entering a long position in Gold at 2909Gold is at a key support level, and I’m expecting it to hold today. Going long on GC futures around the 2909 area.
Gold H4: Ending Diagonal Signals ReversalUpdate: Gold formed an ending diagonal in H4, suggesting a wave cycle completion. A pullback for wave (iv) is expected before a new push higher. Watching for key support to hold before wave (v) continuation.
