Oct. 23 Gold ChartInteresting chart to analyze, will this pull more weight than the continuous chart?Shortby farmtrader15Published 2
Gold - The Tea Leaves Say: More Downside On Deck3.5% is a lot in gold, and that's about the range of the total landslide we've been through the entirety of August so far. It's the kind of pattern where goldbugs and USD collapse narrative nerds go long and go long or hodl and hodl but the price never goes up. In my last call on gold from the beginning of July, I warned that $2,000 was a death trap. That call was pretty successful, coming just a few dollars shy of the target, abeit it was because the next month's futures contract settled some 2% higher. Gold - $2,000 Is a Death Trap And with the index markets at large, I caution that Nasdaq not breaking 15,000 is actually a real bull trap QQQ - Is It Rally Time? Or Are You Too Early? With gold, geopolitical risks are heightened because Xi Jinping and the Chinese Communist Party he has yet to throw away bought a lot of gold, and at relatively high prices, according to media reports at least. And thus, because of this, a form of subtle on-the-low economic sanctions against Xi and/or the CCP can be to devalue the price of gold, which puts the central bank in a bind. And this is a real problem for China right now with all the other economic catastrophes that land one after another, and the flooding, and the instability, and the posturing of the International Rules Based Order about war/invasion via Taiwan. The CCP won't invade Taiwan. But China might get invaded by the IRBO via Taiwan. You might not believe it. But give it some sober thought. Tacticians are tacticians for a reason. Hitting from the shadows and blind spots is a real useful thing. But for Xi, he can always weaponize the 24-year persecution against Falun Dafa that was launched on July 20, 1999 by former Chairman Jiang Zemin against the entire world. Because the whole world has been going to Shanghai to train under the Jiang faction for economic and social benefits. Which means a lot of closet skeletons. Which means a lot of data dumps can serve as weapons delivered to international media in the future. Anyways, here's the call, friends. Gold is obviously going down and will go down farther. It really looks like it's seeking at least the short term lows, which means $1,900 is longzo-gonzo. And so on a dump from where we're at at time of posting to, say $1,850, you're getting 5% on a very safe short. You can short the hole. And 5% is a lot of money on gold. Probably only at $1,850 can we look for reversal longs towards new all time highs. But with how lethargic gold has been, we may very well just have seen the top on the re-run to $2,080.Shortby LordWrymouthUpdated 2219
Mcx gold forecastMcx gold forecast and reversal point. As market calmly waiting for upside breakout, here is my tgt for upside. Longby ktra_commoditiesPublished 4
GOLD (GC1!) Early Intraday trade - SHORTEarly morning breakout trade to return to the NEUTRAL pivot. This is purely a BREAKOUT trade. Use smaller lot size as this is early in the day. Looking for a reset of the price after yesterdays price action.Shortby Aaron_K_TradingUpdated 9
Gold Future OutlookA buying opportunity in Gold future on the day chart.Longby Sudhir-SirohiPublished 0
GC1 (Gold Futures) Intraday positionLooking for a short here for a 10 point move down.Shortby Aaron_K_TradingUpdated 7
Golden Arches formed but NOT in tact as price is above 200MAM Formation has formed on Gold. However, there is a BIG support with the neckline and the major 200MA. As long as price stays above, this analysis will e wrong. So this is a hesitant analysis to present, but one which is showing strong bearish momentum to come based on history rather than present and future. Price >200 - needs to break below RSI<50 turn up Target will be to $1,710 if the price breaks below the Neckline and 200MA. What do you think? Shortby TimonrossoPublished 115
XAU looking good for going long!Waiting to go to support trend line. This are not my exact entries, they are marked for zone that i'm looking for. For now gold is still looking bearish. Looking for confirmation. Please let me know your ideas or comment on that.Longby ShortForexAcademyUpdated 4
💸Top 3 Benefits Of Gold 📈Top 3 Gold Jargon -- 1-Contract size 2-Floor price 3-Last trading day -- Top 3 Benefits Of Gold -- 1-Hedge against inflation 2-a traditional form of equity 3-alternative investment -- Top 3 Challenges Of Trading Gold Contracts -- 1-margin calls 2-significant losses 3-prices are volatile in the short run -- Here is what people in the crowd are saying about gold according to research on google search engine "Gold is driven by speculation= -Gold has no dividend, or cashflow" "Gold is not a currency = -this is why central bank wont go on a gold standard - it can be stolen " "Gold is not a safe heaven = -- Because it has no yield " --- My Personal Take: -- Please remember the following -Gold contracts are a hedge agaisnt inflation eventhough you may get a margin call if you over leverage your position. -- 1-Gold contract price are volatile in the short term -- 2-Gold contracts are a traditional form of equity -- 3-Gold Contracts are an alternative form of investment -- To learn more about technical analysis of prices -- in the financial markets Like this article - Cheers, Lubosi Commodities -- Disclaimer -- Am not telling you to buy or sell anything do your own research before you trade -- Trading is very addictive and risky this can make you lose all your cash -- Only trade what you are willing to lose or better yet do not trade until you have years of experience -- In other words do not do what i tell you to do --Longby lubosiPublished 2
Gold (futures) DailyGold futures have retraced .618 to 1915.71 from the high on the daily chart, and is attempting a reversal from a daily double bottom. Oversold on the daily RSI(9). It also sits on a key Gann confluence area (the circle) at 1921.50. Must hold here, or else risk falling lower in a low volume area to 1894.6 (low volume node). I expect upside in the near future, the recent selloff is nothing more than expected seasonal action which should end before fourth quarter. by UnknownUnicorn13101Published 4
wave degree correctionHello friends, I hope you are having a productive week. I would like to share my ideas on the Elliott Wave Principle with you. Please refer to the attached chart for more information. If you are interested, you can also check out my previous analysis. I want to mention that my understanding of this principle is based on my personal experience and I am still learning, but I hope to provide better analysis in the future. Thank you for your continued support and I look forward to our mutual success. Best regards, Mr. Nobody. Go up and never stop.Shortby mehdi47abbasi79Published 4
Xau/USd 4H analysis Gold upcoming week with ultra volatile event awaiting Powell's Jackson Hole speech we can expect some bounce towards 7DMA and 14DMA Resistance points (check daily chart) among other 4h observations using our technical analysis Falling wedge intact with 50SMA being very strong resistance point. Sell on rise advised as Powell's speech could also trigger strong downside since US inflation has been positive for the economy and negative for safe haven instrument We will watch 1851 levels next Support test and 1912 immediate Resistance Sunnylife by SunnylifemoneyPublished 0
Gold Right time to catch?? Going down to touch 200EMAGold Right time to Invest?? Going down to touch 200EMAShortby mmahen3265Published 1
Gold need price action to determine next week movementPrice reached support zone (1900-1920) If break below 1900, may see more downside. However, gold always act as a protection. Wait for price actionby probabilitytaPublished 1
GOLD DAILY VIEWMajor support @ 1910 / 1900 , close blow this level on closing basic ,showing more weakness in gold by POPPOPPUPublished 2
Gold: Having a 'Metal' Breakdown 😫The price of gold is currently experiencing a notable downward trend, aligning with our initial predictions. Anticipating further declines, we foresee the price dropping below the support level of $19 000. This descent could lead to the formation of the low point for the orange wave iii. However, we maintain a 25% probability of a potential upward movement. In an alternate scenario, the price would need to establish the blue wave alt.(ii) within the $2014.8 to $2064.5 range before beginning its downward trajectory. Shortby MarketIntelPublished 0
Jackson Hole is a Game-Changer for GoldI know it's mid-August, but it indeed feels like Ground Hog Day with Precious Metals trapped on a merry-go-round of negativity where stronger economic data in the U.S. reaffirms the Fed's "higher for longer" theme that strengthens the U.S. Dollar and pushes yields higher. Then in the overnight sessions, we get a series of weak Asian data where calls for China to "do something" get louder and louder. China then responds with minor accommodative measures to prop up the Copper market, Silver attempts to follow, and then the day session begins with a stronger U.S. data release. You get the picture, the Dollar rallies, Yields move higher, Gold retreats. The cycle may break this week with Thursday's Jackson Hole symposium, where comments from Jerome Powell may give some indication that the interest rate hike cycle is over. Gold futures are trading near five-month lows, and as a "zero-yielding asset," it's tough to make its bull case, especially with debt instruments yielding 5% everywhere. Seasonally, Gold tends to bottom in the middle of August and has historically recovered until the end of the month. The weakness in U.S. Equities may drive investors into the safety of debt instruments, ultimately taking yields lower and boosting Gold. The chart pattern suggests that futures must close back above $1951 to carve out a bottom. It will take a move back above $1983 to switch the bearish trend back to neutral. 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 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.by Phil_Blue_LinePublished 1
How low will Gold go???Fibonacci extension tool is showing a 1.41 level inside of a 4 hr demand zone. We also have a measured move on the previous down leg. I suggest to watch this level and not just buy it at this level. Let's see if we get a reaction off the level that we can work with and THEN go through our process to take the trade long. by thechrisjulianoPublished 0
we are on sell side goldgold is on sell zone area 59500 - 59400 expected target - 55040 - 50180 massive fall expected on gold Shortby RTDStocksUpdated 3310
BOS, LL, LH,CHOCH AND HHpointed out the lower level and lower level and both LH AND HL. So, for now, am waiting to see the market reaction if it will make another shoulder in completion of head and shoulders formation. After so month it should break down and for an entry level we wait for retest towards the LH.by stephenmoyeva0Published 114
A VERY EASY TO UNDERSTAND #GOLD CHART.A VERY EASY TO UNDERSTAND #GOLD CHART. IT WILL BE VERY CLEAR WHEN THE NEXT PARADIGM SHIFT BREAKOUT OCCURS. DO NOT FORCE IT. nothing to do until this turns up EPIC breakouts you should seekLongby BadchartsPublished 3310
GOLD Daily Gold Shorts Daily We see more upside in the coming weeks but for now we are on the short side of holding our short entries for lower banded target and price action. September gives good stats for the next direction for GC. Shortby morninghedge_Updated 2
Gold Brace for VolatilityGold down from crucial resistance and now hovering at support will face heavy volatility during FOMC Minutes Release of July Meet, Keep watch on 1934 Resistance and 1905 Support levelsby SunnylifemoneyPublished 0