5/12 | $GCWas expecting a dip, however we ripped out of the bull flag. New path of interest will be taking new highs before a buyable dip. That's where I will be interested in playing again.
GD1! trade ideas
Can the HOUSE CAPITALIZE SHORT after 4Hr Supply Mitigation...?COMEX:GC1!
“Persistence can change failure into extraordinary achievement.” -Matt Biondi
I believe that we are going to be able to catch a nice HIGH PROBABLE SHORT here on GOLD very soon...Being that price is currently trading inside of this Daily Supply and even clearer the Mitigated 4Hr SUPPLY ZONE!! I'm going to wait patiently for PA to continue to develop and then we'll drop down to a LTF and wait for a confirmed 15m CHoCh and then we may enter the market SHORT... I will keep update once we get more data printed...
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 Step!!
Stay Focused & Reach Excellence!!
#BHM500K #NewERA #Champions
58% win rate Python trend follow trade set upThis trade set up call SNRC that use previous resistance as support when price break above and comeback to retest
I backtesting this trade set up with Python using 720 day price history data
so you can see the optimization heat map
this is 58% win rate with 2RR trade set up
📉 Gold Futures Parabolic RiseThe black curved line on the chart is called a "parabola," as in "parabolic rise."
A parabolic rise tends to lead to a very strong correction.
The only way to sustained a parabolic rise is... Well, it is impossible, the Gold market fluctuates between up and down.
The peak, ATH, happened on the 8-April weekly session.
This session ended with a long upper shadow followed by a local lower high.
The whole chart structure has bearish potential.
I am here trying to predict a reversal, which is something very hard to do.
In order to predict a change of trend, we always have to jump in when things are not looking the best.
By the time the signals are clear and confirmed, Gold will be trading at $2,300 or below $2,250. I personally wouldn't wait for those.
➖ Some people trade the breakout with low risk;
➖ Some people trade before the breakout with a tight stop-loss and still very low risk but a higher potential for reward.
What you choose, is up to you.
My mission is to alert of the move before it comes.
After the bearish comes a bullish wave.
Thanks a lot for your continued support.
Namaste.
UPDATE GOld hit 1st target - 2nd Target ready to rally to $2,746Our gold anaslysis played out very nicely after the triangle formation, breakout and then run up to the first target at $2,236.
Now we have a new formation in the making - W FOrmation.
I do believe we will get some sideways movement to create equilibrium and prepare for the next run up.
So as long as the price is above the 20 and 200MA - it's good to go!
My second target is set for gold to $2,746
Precious metals have been just that, precious Gold SilverThe US #Dollar is trading in the middle of its range since Late 2022.
It is also holding the recent uptrend well.
TVC:VIX is a tad lower today.
#Gold & #Silver still look good, Daily & Weekly.
Loading up on AMEX:SLV when we stated the inverse head & shoulder was a good move.
(took some off recently but still have large position)
AMEX:CEF AMEX:GLD
GOLD Next movegold just gave a divergence -tight divergence on the daily tf and a wide divergence on the 4hr tf . it as well gave us a rising eadge with a break of the counter trend line and a retest on the 4hrs time frame giving us an entry
Gold, not FoldMoving averages displaying all the characteristics of an uptrend, classical Inverse H&S pattern formed, as long with volume upticks with prices pushing upwards leads me to believe this precious metal price could increase
Gold COMEX Future - Intraday Levels - 15th May 2024*ONLY MAJOR LEVEL* also refer yesterdays level
if Sustain above 2365.3 then bullish then 2375 then 2383.1 then 2395.3 to 2399.4 then 2411.8 to 2417.1 then 2420 then 2420.9 above this more bullish
if Sustain Below 2360.3 or 2358.2 below this bearish then 2346.3 then 2338.2 to 2324.1 below this more bearish
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
Gold Futures Target All-Time HighsTechnical Momentum Strengthens
Gold Futures hit an all-time high in 2024 at $2,448 on the June futures contract on April 12. Since then, futures have corrected; however, gold remains firmly above the rising 50-day moving average at $2,294 and well above the 200-day moving average at $2101. The technical perspective shows momentum studies increasing, with the 9-day moving average trading above the 18-day.
Stochastics are rising from oversold territory, and DMI + above DMI- , indicating that the bulls are technically in control.
Tailwinds Continue to Develop
With a 3% chance of a June rate cut, according to the CME FedWatch Tool, traders are focused on September; swaps are pricing in a 65% chance that the Fed will make its first interest rate hike in the cycle.
Geopolitical tensions, rampant fiscal spending, and central bank buying have been the main drivers and have significantly propelled Gold prices recently.
Industrial Metals Strengthen
Performance remains strong in the Precious Metals space and has continued to spill into the industrial complex. Traders continue to monitor manufacturing, Chinese Economic data, and the U.S. economy.
www.tradingview.com
CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs
Disclaimers
*Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services.
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
Gold Futures Target All-Time HighsTechnical Momentum Strengthens
Gold Futures hit an all-time high in 2024 at $2,448 on the June futures contract on April 12. Since then, futures have corrected; however, gold remains firmly above the rising 50-day moving average at $2,294 and well above the 200-day moving average at $2101. The technical perspective shows momentum studies increasing, with the 9-day moving average trading above the 18-day.
Stochastics are rising from oversold territory, and DMI + above DMI- , indicating that the bulls are technically in control.
Tailwinds Continue to Develop
With a 3% chance of a June rate cut, according to the CME's Fedwatch tool, traders are focused on September; swaps are pricing in a 65% chance that the Fed will make its first interest rate hike in the cycle.
Geopolitical tensions, rampant fiscal spending, and central bank buying have been the main drivers and have significantly propelled Gold prices recently.
Industrial Metals Strengthen
Performance remains strong in the Precious Metals space and has continued to spill into the industrial complex. Traders continue to monitor manufacturing, Chinese Economic data, and the U.S. economy.
www.tradingview.com
CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs
Disclaimers
*Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services.
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
GOLD Price Stability Amid Rising Global TensionsOn Tuesday, the price of gold stabilized as mounting geopolitical tensions spurred demand for the safe-haven asset.
Escalating protests against Israel’s presence in Gaza, Russia’s initiation of a new conflict in Ukraine, and concerns regarding potential disruptions in global trade have heightened the perception of geopolitical risk.
The decision by BRICS nations to reduce reliance on the US Dollar for international trade transactions has bolstered interest in gold as an alternative. Consequently, there has been a notable increase in non-Western central banks' demand for gold, accompanied by a corresponding decrease in US Dollar reserves.
Gold is being considered as a viable substitute for the US Dollar as a secure store of value in international trade agreements involving nations with volatile domestic currencies, as per insights from the Carnegie Endowment for International Peace, a Washington-based advisory service.
From a technical standpoint, analysis of the H4 timeframe reveals a divergence in the cumulative delta, with the preceding candle exhibiting a negative cumulative delta while the current candle shows a positive delta. The previous candle effectively absorbed all inefficiency orders from sellers, forming an absorption candle characterized by a long spike, while the current candle is endeavoring to elevate buyer volume. There is potential for the current candle to retest the previous candle's point of control (POC) to attract new buyers at a discounted rate. Our strategy revolves around a long setup with a target aimed at the previous fair value area.
Gold COMEX Future - Intraday Levels - 14th May 2024if Sustain above 2343.9 then 2347.1 then 2351.1 to 2352.3 then 2355.4 above this bullish then 2358.4 then 2362.4 to 2363.7 then 2366.9 above this more bullish
if Sustain Below 2340.8 or 2339.9 below this bearish then 2335.9 then 2332.4 then 2329.3 to 2328.6 below this more bearish
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
Long GOLD (MGC Jun2024)Daily reversal candle after a breakdown on a daily chart. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
Gold will continue the trend Gold now at sideway .but it may go up soon. Just follow trend . Trend following strategy is so easy to earn money.
Gold market expectation for the third week of mayWe have used advanced market theories in this analysis considering the economical factors and multiple charts analysis
2024-05-13 - a daily price action after hour update - gold
Good Evening, I hope you had a great weekend and you are well.
overall market comment
Very slow and range bound trading day in most markets, so only a short update today because my nothing in my weekly premise changed today.
gold
comment: Market is forming a triangle and since we are near the low, bulls are expected to buy it above 2312 to not make lower lows and trade it back up to around 2370ish.
current market cycle: trading range
key levels: 2300 - 2400
bull case: Bulls need to keep it above 2312 and trade back up inside the triangle for target 2370ish which is also today’s high and near the breakout level from one month ago. First target is a break of the 1h 20ema around 2350, small pullback to form a higher low and then a bull channel up to 2370. Pattern could probably play out until CPI release on Wednesday.
bear case: If bears are strong, they would print below 2310 tomorrow to make many bulls doubt this will retest the highs above 2400 again. If they could manage that, their next target would be 2300 and there is bulls last hope for not a big bear trend down to 2050 over the next weeks. Invalid above 2355.
short term: Sideways to up - Got the expected pull-back which was deeper than I thought. Now probably back up again.
medium-long term: Still no better opinion on this to be honest. I don’t like to get into the speculations why the Gold price is where it is. I have been saying that the market was very unusual over the last 2 months to say the least. It would not surprise me, if we just continue the selling all the way back to 2100 and lower. —unchanged
trade of the day: The bear channel was pitch perfect and held all day. 15m or 1h 20ema were also a nice guides for initiating or adding to shorts.
Long GOLD (MGC Jun2024)Daily reversal candle after a breakdown on a daily chart. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
Gold - near resistance - target levelsGold is near resistance. It is in sideways near resistance. If it breaks that resistance level in weekly. It will go to new level. Maybe around 90000.
Gold Futures Day Trading Analysis 📋Gold Futures, it's nice to see a strong buying reaction at the price of 2343.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
Dxy and gold5.10.24 This video focuses on reading price action and patterns mostly on the dxy but then we took a look at gold which is a bullish market. I will try to do a video on Saturday to look at silver which I didn't get to on the video. I'm not not so sure we're at this point yet but at some point if the metals keep on going higher the silver is going to go a lot higher perhaps as a bear trap. there's some very experienced professional guys out there they talk about this on YouTube and they will tell you how the professionals will try to keep the silver down because it's an easier market to control than the dollar.... and in the meantime they're buying one of the precious metals.... and they might even be trading the physical market and you don't necessarily see that on the futures.
2024-05-09 - a daily price action after hour update - gold
Good Evening and I hope you are well.
Gold
comment: Strong buying today and bulls made a higher low and higher highs. Please have a look at my chart, which contains my next best guess on what could happen. 2375ish has enough targets to be a magnet above but I don’t think we can get there without a pull-back. A retest of 2448 is still very possible.
current market cycle: trading range
key levels: 2300 - 2400
bull case: The 4h tf looks easy but bears got deep pull-backs today. Bulls completed a 3 push pattern upwards and I expect a two-legged correction before we try higher again. Invalid below 2320. Targets above are 2360 and 2375ish above.
bear case: It’s still inside a big trading range and market is two sided, despite the higher prices. Bears selling new highs and making money, so don’t just stop that. As long as bears keep this below 2365, it’s a lower high inside this large bull flag from the ath 2448. Bears targets are trading below 1h 20ema 2333 and then retest 2313 and then break out of the bull channel again. Invalid above 2380.
short term: Sideways to up - expecting a smaller pull-back before another try to break 2370.
medium-long term: Still no better opinion on this to be honest. I don’t like to get into the speculations why the Gold price is where it is. I have been saying that the market was very unusual over the last 2 months to say the least. It would not surprise me, if we just continue the selling all the way back to 2100 and lower.
trade of the day: Big breakout before US session above 2330, retest down to 2320 on smaller time frames and then a perfect buy signal after the retest.
Breakout → Pull-back → long/short (continuation of breakout) are very strong and reliable patterns.
GOLD RecoveryGold recently sold off after falling below its ascending wedge, but looks ready to make a recovery after breaking above a descending trendline. I'd expect upside from here, or a retest of the trendline before moving higher.
