GD1! trade ideas
Gold Futures Analysis (MCX) – Target 87,000/- Chart Date: May 14, 2025
CMP: ₹92,558
Change: -1.16% | Volume: 14.13K
Gold has shown weakness after a strong uptrend from early February. Currently, it is consolidating near the ₹92,000 level, just above the 50 EMA (₹91,526). The price is hovering near a key support zone highlighted between ₹92,055 and ₹91,526.
📉 Key Observations:
Price rejected near recent swing high of ₹99,358.
Currently testing the 50 EMA. A breakdown below this may trigger further downside toward ₹87,500–₹86,592 demand zone.
Volume declining on recent candles – indicating weakening bullish momentum.
EMA Cluster (10/20/50) flattening out – potential trend reversal or deeper pullback in progress.
📌 Levels to Watch:
Support: ₹92,055 → ₹91,526 | Below that: ₹87,500 & ₹86,592
Resistance: ₹94,160 (20 EMA), ₹94,434 (10 EMA)
Breakdown Target Zone: ₹87,500 (5.52% from current price)
🔔 Strategy:
Wait for price action near the support zone. If breakdown confirms with volume, look for short opportunities with a tight SL above 50 EMA. Long trades only if strong reversal candles appear near ₹91.5k zone.
📊 EMA: 10/20/50/100/200 plotted for dynamic trend & support insights.
Gold Futures Analysis: Trade Plan COMEX:GC1!
Gold remains in a strong uptrend on the higher time frames, having recently broken above the $3000 level. This move sets the stage for further upside potential. The chart below highlights a Megaphone chart pattern, signaling volatility and broad price swings.
On the 4-hour chart, a pennant pattern is emerging within the uptrend, marked by a downtrend line from the recent highs. Additionally, an inverse head and shoulders pattern has formed, with a decisive breakout higher towards the 2025 CVAH. This level coincides with a high-volume node (HVN) and the edge of the value area distribution for 2025, suggesting it’s a key point of interest. Some consolidation is expected here before we either continue higher or see a rejection that could pull price back toward the uptrend line.
Scenario 1: Continuation Higher, Capped by 3400 Level
In this scenario, we anticipate further consolidation within the pennant on the 4-hour timeframe. After a brief pause, gold could continue higher, testing the 3400 resistance level. If momentum remains strong, we expect to see price consolidate within the pennant pattern to build energy for the next leg higher.
Scenario 2: Rejection at CVAH
In this scenario, gold struggles to sustain the move higher after breaking out from the inverse head and shoulders pattern. A failure to maintain the rally above the CVAH could lead to a rejection, followed by a retracement within the pennant structure. This would likely set up further consolidation towards the 3200 level before the next move up, possibly testing the uptrend line for support.
Our thoughts:
Gold is currently navigating an important juncture, with key levels at 2025 CVAH, 3400 and 3200 in focus. The near-term direction will depend on how price behaves within the pennant, as well as how it reacts to potential resistance or support levels. Traders should stay alert for volatility, as the consolidation phase could resolve in either a continuation of the uptrend or a pullback towards the trendline. Flight to safety, rising yields and geopolitical tensions will play a key role in shaping sentiment and trend in the Gold market.
Gold Fib-extension, Almost got every level hit by cup-n-handleJust a simple use of Fib extension with basic settings and reversed to show what a twin peak can do if inverted...
hit pretty much everything.
Don't use the fib extension on meaningless points....make sure they are substantial as in extreme pivots, or a pivot top to bottom and then the top or plateau of that bull trend up.
4hr close up...kinda close eh?:
AUDUSD and Gold both in a wedge getting ready to break outCOMEX:GC1! FX:AUDUSD
AUDUSD Looks bearish, so far, heading into a tight wedge within a larger bear flag. AUD being commodity currency I am looking at gold as well which too seems to be in bullish descending triangle.But these descending triangle could also break down strongly. There is a potential strong move coming in AUDUSD and high probability it would be to upside
But Its still wait and watch for now
Location 15m London & NY Session 6 May 2025There are 4 setups based on a 15 minute structure on 6th May 2025.
Location 1 :
- Trend buy
- Structure breakout buy
Location 2 :
- Trend buy
- Structure breakout buy
Location 3 :
- Trend buy
- Structure breakout buy
Location 4 :
- Trend buy
- Structure breakout buy
GOLD📈 Final Trade Plan – GOLD
Component Value
Trade Direction BUY
Entry Price 91692
Stop Loss (SL) 86710
Risk ₹4982
Target Price 104340
Reward ₹12648
Risk-Reward Ratio 2.5
Last High 99358
Last Low 86710
✅ Trade Strengths
✅ All timeframes are UP—clear trend alignment.
✅ ITF entry zone is precise and aligned with MTF, giving high-probability entry.
✅ MTF and HTF zones have stacked and tested structures, offering base support.
✅ Last high (99358) is within reach before hitting full target (104340).
⚠️ Watch Outs
🔻 Wider SL (₹4982) – ensure position sizing is adjusted to accommodate capital management.
⚠️ R:R is moderate (2.5)—acceptable but not high-conviction. Consider scaling out:
1st Target: 99358 (last high)
2nd Target: 104340 (projected)
🧭 Trade Strategy Suggestions
🎯 Consider a partial entry at 91692 and full commitment if price retests 90890 zone (ITF distal).
📉 Use trailing stop once 99358 is breached—protect profits while aiming higher.
📊 Watch for intraday volume spikes or bullish engulfing candles around 91000–91700 zone for confirmation.
🟡 GOLD – Multi-Timeframe Demand Zone Analysis
🔷 Higher Timeframe (HTF)
Timeframe Trend Demand Logic Proximal Distal Avg Zone
Yearly UP Rally–Rally 79775 76563 78169
Half-Yearly UP BUFL 79775 67400 73588
Quarterly UP BUFL 1742* 73300 37521*
HTF Avg 53764 72421 63093
🧠 Note: The Qtrly Proximal (1742) seems like a typo (possibly from copy-paste). If intended as 81742, it aligns better with trend context. Assuming that, adjusted HTF avg would be 80540 approx.
📌 Insight: HTF is bullish with demand structure tightening upward. Price is now well above these zones, indicating continued momentum from previously respected demand.
🔷 Medium Timeframe (MTF)
Timeframe Trend Demand Logic Proximal Distal Avg Zone
Monthly UP BUFL 86592 81639 84116
Weekly UP BUFL 91423 87172 89298
Daily UP Support (DMIP) 88444 86710 87577
MTF Avg 88820 85174 86997
📌 Insight: Structure still shows strength, with 88444–91423 forming a strong cluster of MTF support. Entry at 91692 is right at the top end of support, so confirmation matters here.
🔷 Intraday Timeframe (ITF)
Timeframe Trend Demand Logic Proximal Distal Avg Zone
240M UP BUFL 91692 90890 91291
180M UP BUFL 91692 90890 91291
60M UP BUFL 91692 90890 91291
ITF Avg 91692 90890 91291
📌 Insight: The exact match across all ITFs shows very tight and fresh demand, providing strong conviction at this zone—perfect sniper level.
Gold holds long term bull run - for now Gold rebounded sharply after several days of trending down when it hit the long term bull run support (bottom line on chart).
Next stop major resistance around 3,260 which is fast approaching.
We expect high probability rejection down from this level due to the move into higher risk assets with a calming of the macro economic environment…but as always, with Gold anything can happen!
Look for confirmation then this top trend line forms a solid resistance with the long term bull trend line providing support. Current bull run pattern running out of space to run.
Good luck everyone!
3 Bar Uptrend Line in Gold Intact!Hey Traders so here is an example of how to trade the uptrend in Gold. Watch for pullbacks to the trendline then place trades and use risk management. This is why you don't need indicators all you need is a simple trendline, basic fibonacci levels and support and resistance knowledge. As you can see sometimes these 3 bar Trend lines can be the actual long term trend!
Here is a close up of why want to draw the trend line early.
Hope it helps your trading,
Enjoy!
Clifford
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.
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 downside, decreasing by over 2%. Looking at a daily chart for Gold, the market has been trading out above the 50-day moving average since January of this year, and the current selling pressure has sent the Gold market back down toward this level.
Gold has been on a strong push higher since the start of the year, achieving a new all time high on multiple occasions and being up over 20% even with the recent decline in prices. The Fed environment and inflation landscape can have a large impact on the global price of Gold, and the potential changes in interest rates and inflation data could be adding to the volatility seen since the recent all time high from April 22nd. Tomorrow, there is a large slate of economic data along with remarks from Fed Chair Powell which could potentially spark catalysts for Gold prices as we wrap up the week.
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*CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc.
**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
Gold Futures, using a GC1!/DXY ratio, gold vs dollarUsing a gold futures continuous contract and the DXY i simply plotted the ratio and picked picot points to create a parallel channel on the GC1! graph....to which I doubled up the channel, or channel stacking, to see what would occur.
Make sure to utilize the "L" Log function in the bottom right of that chart to see something that may not be there and how perspectives can change when you reorient your scale.
Not much on analysis, just point to consider. That Fib Retrace was also don taking the lowest pivot point of this run and the top, most recent high, on the GC1!/DXY chart and plotting that to the exact location on the gold futures chart.
So somewhere in the 3100 to 3000 window looks good.
Gold chart with corresponding DXY ratio chart with points highlighted in green:
gold chart with momentum without Log function:
gold chart with momentum on Log function: