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GD1! trade ideas

Analyze GOLD or XAUUSD by AI Investic Analytic StudioToday our AI has generate a strategy for trading GOLD future (GC1!) and XAUUSD which are two scenarios: Buy and Sell. For Gold future (GC1!), strategy of Buy side or Bullish is Entry: 2113.5, SL: 2108.5, TP: 2123.5 and strategy of Sell side or Bearish is Entry: 2123.5, SL: 2128.5, TP: 2113.5. For the XAUUSD, strategy of Buy side or Bullish is Entry: 2122, SL: 2117, TP: 2132 and strategy of Sell side or Bearish is Entry: 2132, SL: 2137, TP: 2122
COMEX:GC1!Long
by CC_PP
Gold-Will the bulls see yet another breakout failure?Bullish narratives I've seen published online over the last couple of years: 1. Gold is a hedge against inflation 2. BRICS Currency-it will be backed by gold 3. China is hoarding gold 4. Central banks are gobbling up gold Given all these narratives, one would think gold has some pretty strong tailwinds yet it has had 3 breakout failures since these narratives began. Will this 4th breakout we are currently experiencing be "THE ONE"? Or is this LT chart forming a possible distribution pattern around the $2K price point? When I look at this chart in its simplest format...the inability to firmly breakout 3 times previously tells me the market has been selling into the strength vs. a true belief in its bullishness. Typically you want to see a chart "break, test and go"...this certainly did not happen. This evenings strong move up due to "war news" is now just about to a key area of resistance...the non-horizontal trend line (blue dotted line). Reality of golds usefulness: "More than 80% of the extracted gold is used to make jewelry, therefore the jewelry industry is by far the largest processing sector for gold.” So in simplest macro terms: to be bullish on golds breakout, one should be very, very bullish on the male consumer buying up jewelry to be given to his companion or be very, very bullish on the female consumer buying or wanting gold jewelry. Newsflash-Taylor Swift tickets & Sephora have eaten away at the female consumer over the last couple of years and gold jewelry is not something on the Christmas list right now! (just saying...) So I'll go out on the limb and say the gap up this evening will end up being a sell the news sort of event and we will eventually see yet another breakout failure. Can't wait to hear all the gold bugs tell me I'm an idiot...but honestly, I just don't get the allure of gold and why it's discussed so much in trading/markets. We don't go backwards in time, ever. IMO gold is no longer what it used to be in terms of it's market impact hence why these breakouts keep failing...instead it's now mostly just used to make beautiful jewelry.
COMEX:GC1!Short
by Vixtine
4
Mar 4th 2024 GC Update - Potentially a start of something bigAnother share from the TTR, this time is a commodity chart - #GC Beautiful move up on Friday! The price has stopped right at the trendline support; there is one more resistance box above it. When/If it is broken, we will see the next trendline tested again, followed by a breakout box. This is a very bullish action as if the price continues to break out, then expect some geopolitical issues to come next, which means the markets could be near its maj top!
COMEX:GC1!Long
by TheTradersRoom
a daily price action after hour update - goldGood evening and i hope you are well. Interesting day today. Very strong move by the bulls above many bear trend lines. The first move to 2046 happened exactly in the Globex session as i said but the spike to 2058 was so big, that all bears had to give up. I expect follow through. Quote from yesterday: 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. bull case: Bulls want follow through and i got a measured move target around 2080-2090. If this was a w1, it could lead up to 2100+ again. If bulls can keep the giant bull gap open, i’d enter on a stop 2060 for 2080 and higher. bear case: Bears gave up on the spike bar and will be cautious before shorting again, especially not the bull flag we formed into the close. If they could close the gap to 2046, this might reverse completely but for now bulls are in control. short term: neutral until we break 2060, then it’s up, below 2046 is more down medium-long term: sideways trade of the day: long double bottom one tick above bar 8, which could have given you the complete spike up. Monday and Wednesday could not break 2030 and it was an obvious buy area
COMEX_MINI:MGC1!
by priceactiontds
GOLD Long Idea-This week I've had an overall bullish bias for Gold to head to the PWH after we put in a fractal swing low on the weekly, confluence with wicking below several weekly lows. -Although today's Daily candle close isn't super strong, I'm still leaning towards looking for longs. -Daily candle rejected from the Daily +OB again, and also failed to displace and close below Tuesdays Low. -I am targeting Wednesdays high, and the PWW. -I want to see H4/H1 discount arrays being respected, followed by a displacement entry confirmation on M15/M5.
COMEX:GCJ2024Long
by Tradius_Trades
GOLD moving in a bearish flagOn a 1-hour timeframe, we are currently in a bearish flag pattern. The green box represents a significant resistance line, so trade caution if you are considering opening long positions. Additionally, there is a decrease in trading volumes, which is also term for short move. The trading setup may involve entering the market within the flag pattern, considering both support and resistance lines, and utilizing the Williams Alligator angles, preferably on the 15-minute timeframe. IMPORTANT! Always follow the RM strategy! Trade GOLD Features at BingX: bingx.com My followers have 2% cashback from my commission. Deposit easily in crypto. No need to be resident of the particular country!
COMEX:GC1!Short
by CarpBuro