GOLD - Falling wedge pattern - 1D Currently, gold is drawing a Falling wedge pattern. It is likely to try to break through the top of the wedge soon. Let's see. Longby untoldanalysisUpdated 2
Gold As we can see, the market hasn't surpassed the high point. This suggests that we may witness a correction or accumulation, or even a reversal.by Ali_luciPublished 0
GOLD FUT 2HOURLY CHARTGOLD FUT 2HOURLY CHART Cmp 1930 Breakout @ 1937 on close basis Target 1978 Time to keep an eye on. It's only an observation & not any suggestion.Longby UnknownUnicorn4824761Updated 3
Gold For me after this powerful volume , it's time to take your profit , but we goin to wait until the end of this candle , if it end red we going to close , if not we going to follow the trend by Ali_luciPublished 0
GoldAfter these days of accumulation, I believe it's the end. Following this breakout, it marks the beginning of an uptrend. by Ali_luciPublished 0
Gold buyers could see $1900 as a bargainGold futures have fallen nearly 9% since the May high, but there are signs that it is trying to form a base around $1900.Whilst the psychological round number has helped to play a part, it also coincides with a volume cluster in the rally at the beginning of March. We therefore see the potential for a minor bounce at a minimum from current levels whilst prices hold above $1900. Large speculators remain net-long, although their exposure has been trimmed as prices have fallen. Yet we're not seeing a material pickup in gross-short exposure to indicate a much more bearish outlook from speculators. Furthermore, softer US inflation data on Friday weighed on the US dollar and helped to support gold - and gold could rise further if we see any weakness in data this week (ISM manufacturing data is out today, challenger jobs and ADP employment on Thursday and of course Nonfarm payroll on Friday). The highs around $1948 are the initial target for bulls to consider, with the potential for a move towards $2000 if we're treated with a host of weak US data to prompt further calls for the Fed's terminal rate. A break below $1900 invalidates the near-term bullish bias. Longby CityIndexUpdated 2
Gold: Rearing up 🐎Gold has been rearing up once more but should soon return below the support at $1936 to continue the overarching downwards movement until the low of wave (4) in yellow is found, which we expect to happen below the turquoise zone between $1840 and $1713. However, there is a 30% chance that the precious metal could use the turquoise zone to finish wave alt.2 in turquoise instead. In that case, gold would turn upwards from there, rising back above $1936 and further northwards. by MarketIntelPublished 0
Gold reaching for new highs?Incredible to think with the Dollar bouncing Bullish that the price of Gold will rise but that is what the PA is showing and I do not argue with thatLongby JP_TruPublished 0
Digital and technical analysisWe see that there is a lack of buying momentum and we are in a major bullish correctionby faridsalim308Published 4
Gold (GC futures) weekly updateThis chart is the same as drawn way back, still standing with it. I have two targets for gold in first quarter 2024, lower path (purple arrow) is 2100 area, and 2407 area (higher purple arrow), which is a Gartley extension dating back to September 2018 (last Fed hiking cycle). Natural progression would be along the lower target, but a macro event (such as confrontational superpower war) would easily propel to higher trajectory target at 2407. Longby UnknownUnicorn13101Published 1
GOLDThe gold today looks powerful and positive for attacking the resistance and breaking the range. After this powerful pullback with good volume, it's time to buy.by Ali_luciUpdated 1
Gold After witnessing this breakout with significant volume, the market appears to be indicating a downtrend for today. by Ali_luciPublished 1
Gold broken above wedge new target $2,081Falling Wedge has formed on Gold since April 2023. This has been a turn for the good. We've seen the price breakout and now we can expect the demand to continue. 7=21>200 - Bullish RSI >50 (Buy divergence with the level breaking the downtrend. Target $2,081 This will reflect on gold companies too which we can be bullish on. Happy to go long here. Longby TimonrossoPublished 2
Mcx Gold ForecastGold bulls trying to take control over 100 sma and 50% fibbo... More highs waiting... by ktra_commoditiesPublished 6
GOLD,Daily, BUY SIGNALGOLD is giving a Buy Signal (Long Position) for the daily time frame. we are expecting it going up these next days as we have shown in the chart. we set Stop at 1899.3Longby MA_TRADING_SYSTEMPublished 221
my indicator setup in gold..( historical)this is a setup that was formed in gold using my indicator.. that target was achieved.. this is just for learning.. not a trade advice just paper trade/Long01:56by shiit_tv_teameUpdated 0