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GD1! trade ideas

a daily price action after hour update - goldGood evening and i hope you are well. bull case: Bulls stalled the market around 2040 which is important now. Bears made lower lows and broke below the triangle. Bulls need to trade back above 2040 and they want a retest of the smaller bear trend line around 2046 and then make a higher high above 2050. At 2046ish are 3 magnets: upper bear trend line, 1h 20ema and the bull trend line from the triangle, very high probability market will go there for a retest. As long as they keep it above 2034, the market is neutral. bear case: Bears broke below the triangle and are trading inside a weak looking bear channel. Their next target is to trade below 2034 and make lower lows. They want the market to stay below 2044. short term: neutral with maybe a slightly higher chance for the bears but need 1h close below 2034 for that. medium-long term: neutral until breakout of bigger triangle with follow through trade of the day: short 2050 which is holding as resistance. there was a good triple top bar 4, 8, 11
COMEX_MINI:MGC1!
by priceactiontds
Can the HOUSE CAPITALIZE on this GC Future Short...?COMEX:GC1! YOO family....I hope all is well>>> Lets Chop it Up and Go over this Future Short... Here are the few things I will need to see in PA before I enter SHORT... 1) On Friday Feb. 23rd Buyers pushed price up nearly 200pts during both session combined London & NY and Entered a major a Daily Supply Zone. Sellers held resistance inside the Daily Supply around Major KEY LEVEL ($2050.00) AND immediately pushed price back down... 2) Now If sellers can stand their ground and HOLD ($2050.00) as Major Resistance and push price lower breaking demand then we may be compelled to go short... 3) I want to see Price Drop $10.00 trading back down to ($2040.00) and break that minor level o/support and enter the 30m indecision candle CPB Demand... 4) Now IF I can have it all my way!! I want to see the CPB demand fail with at least a 1Hr candle wick below and then I'll be very interested in going Short. *Catching the Retest of Support Level that failed around ($2040.00). 5) Now even if the CPB Demand doesn't fail and pushes price back up into the support level that failed around ($2040.00) then I will still enter Short as long as long as we can get candle closures on both the 30&15m candle sticks inside the CPB demand & under failed support level. Then I will enter short on the retest...***I need to price to close under support though on both the 30&15m candles! Very very important factor and also price needs to be trading underneath the RED V-Wap as a final cherry on the top confluence to enter... 7) We also have a Major iR/LQ Trend that needs to be swept to the downside on the 4Hr TF (which will be the move I am looking to capitalize on...) This is also why I believe the Market is getting ready to go short, to rebalance itself out...Remember Buyers and Sellers both have to have fair play! The market has imbalance currently to the upside that buyers have created and now we need to sellers to come and participate to rebalance the market and create fair play for both parties... 6) Now if we can see the following Play out in PA stated in the steps above, then I will look to target the next Daily Support Level around ($2028.5). Roughly around 115 points... We can easily catch a solid +2-3R % gain depending on your management system... ***Remember nothing is set in stone, This is simply a Short narrative I want to see play out. That does not mean that it will because play the game of probabilities... However I am very confident in my reading of PA... Now lets sit back N stalk like the saltwater croc! #BHM500K #NewERA
COMEX:GC1!Short
by TreyHighPwr
Short Gold PositionNow we are moving in a developing descending channel, and when the price reaches the rectangle area, you can open a short position. Reasons for opening: 1. From this price, a descending movement observed several times. 2. When the price reaches the box area, you can see a sharp angle on the Williams' Alligator. Important! Follow risk management and do not open a trade for more than 2% of your deposit. Place the stop-loss around 2050. TP in the down box.
COMEX:GC1!Short
by CarpBuro
Two potential swing trades for goldGold futures saw a false break of $2060 on Wednesday, before momentum turned lower and sent prices back beneath the weekly and monthly pivot points. Those pivots have since turned into resistance, before gold saw a trendline break. As RSI (2) is oversold and prices have found support at the 10-dy EMA and daily S1 pivot, bulls could seek a near-term swing long trade with a stop below 2045 and a target back near the pivots. At which point, we see the potential for another leg lower, so bears could seek evidence of a swing high and for a move back down to $2040, or the swing lows near the daily S pivot.
COMEX:GC1!Short
by CityIndex
Gold: Don’t Slacken! 💪To follow our primary scenario, Gold must not slacken on its way further up the chart! We still expect the turquoise wave B to reach a new all-time high, which requires more (corrective) rises. However, our alternative scenario could still prevail with a probability of 40%. In this case, the turquoise wave alt.B would have already been finished with the last prominent high, and Gold would, therefore, turn down earlier to dive below the support at $1935.
COMEX:GC1!
by MarketIntel
1
Gold Update: No changesNothing new to add on Gold. It is as slow moving as molasses. It is still on positive divergence at this time. Economists are starting to say a recession is expected at some time this year so maybe that is the catalyst gold is waiting on to raise higher. It has always been a store of value and a commodity people flock to in hard economic times. One question I want to leave you with concerning gold; is BTC replacing it? Many older investors are finally coming around to BTC and the potential it holds making it more mainstream. This is opening it up to more equity streams of capital. What does this mean for gold? Only time will tell... Don't forget, beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.
COMEX:GC1!
by TSuth
The Calm before the storm. feeling slightly Bullish Hello, all traders! This would be my very first published idea. I am an intraday trader and would love to share my position for today. This is not financial advice, just my perspective on the market. Gold Futures seem very bearish, but I have chosen this position with Entry - 2012.3 Take profit - 2022.8 Stop loss at 2008.1. After this trade executes, my main position will be to short Gold. I believe gold will test 2022 again before falling once more. Good luck to all traders.
COMEX_MINI:MGC1!Long
by DTrades0101
2
gold-silver-ratio As You can see an apex which showed bullish absorption was cutted the bearish style, to be tested if it will sustain strength. Now we see a rising wedge with shortening of time in the upper area and no shortening no expension of time at the lower boundaries. This leads to the conclusion, that gold is sold and silver is bought. Silver and copper are industrial metals. When they show strength vs. gold the markets are in an early stage of a big trend with a lot of bredth indicators moving to the upside soon.
COMEX:GC1!Short
by revilo1987
1
a daily price action after hour update - goldGood evening and i hope you are well. For gold i updated my weekly chart and bears proved me very wrong. Here my quote from the weekly outlook: short term: slightly bullish to top of triangle, invalid below 2030 Obviously they did break below big time and now bulls are doing everything they can to keep this above 2000. bull case: Bulls have to keep this above 2000 or bears will take over and push this to 1950. Since we are in a big trading range for a long time, odds favor the bulls for a short term bounce, probably to around 2020/2023 where market decides what’s it gonna be next. bear case: Bears broke out of the triangle and closed the bullish gap, now they need follow through. If they are strong, they should be able to keep it below 2030 and then sell to their first target 1990 and then 1950. short term: bearish - expecting some smaller bounce before more down medium-long term: odds for the bears risen significantly today. if they can get follow through, we will form a proper bear channel soon from which we can calculate new lower targets below 1900. still neutral until follow through trade of the day: short below the CPI bear spike for bet on follow through
COMEX_MINI:MGC1!Short
by priceactiontds
#1 Reason Why Gold Is Cheap At This PriceBitcoin is on fire have you seen? COINBASE:BTCUSD Right now the market is tanking like a rock!! -- Especially on the consensus side of it. Meaning the global economy under the TVC:DXY Is not doing well -- Countries that look up to the dollar for savings are suffering under high inflation because the printing of the dollar increases its power against the local currency -- Also the luck of oil supply globally is forcing oil prices to rise Do you remember the article i wrote right here on tradingview when i showed you that oil price NYMEX:CL1! was going to rise? -- Check it out below -- Gold is oversold and it looks very cheap at this price this is a good time for investors to consider buying it. -- Disclaimer:Do your own research before you trade this is not investment advice.You will lose money trading take this as a warning sign.
COMEX:GC1!Long
by lubosi
Q. WILL A 125BPS CUT IN INTEREST RATES DRIVE UP GOLD? A. Remember when it comes to interest rate cuts it means the following: Stimulates economic growth This makes borrowing cheaper as interest rates are lower. And it encourages more spending and investments by individuals and businesses. Boosts buying from consumers Also, with low interest rates it entices people to buy more. And this is because the cost of loans drops. This leads to them buying more homes, cars, and other goods. There are other elements, but you get the idea. Now, lets consider why lower interest rates could mean the gold price will rally Reason #1: Lower interest rates and a weaker US dollar helps the gold price When interest rates drop, the yield on bonds and savings accounts typically declines. And a weaker dollar makes gold cheaper for people with other currencies. It's like gold goes on a global sale, and everyone wants a piece! So, this will drive up its demand and the price. Reason #2: Investors get out of low yielding markets and into gold Remember that when interest rates are high, investors move to high yielding markets. They like to keep their money in the banks, bonds, money market or any other high interest savings accounts. But when interest rates drop, investors don’t make much of their money from these assets. And so, they will look to invest in markets like gold, which will drive the price up. Reason #3: The golden safe-haven will prevail! With interest rate cuts, it normally signals signs of economic uncertainty or weakness. And during these times, investors will often seek out safe-haven assets. Gold is a classic example of a safe haven that investors will look to buy. And this golden attraction will help push the price up.
COMEX:GC1!Education
by Timonrosso