WE ARE CLOSE TO END OF *GC* BULLISH STORYIn the monthly time frame, I can see that 2647$ for the GC is the end of the story
you can enter for a short position at this price, with a max of 25 pips SL, the correction range is 1500 to 1800 pips.
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Contract highlights
SPY/QQQ Plan Your Trade Update For 9-17 : Wednesday is CriticalIf you were paying attention to my SPY Cycle Patterns today - boy, a beautiful "top" pattern setup today. Just like my SPY Cycle Patterns predicted more than 3 years ago.
If you've been following my research, you already know I've identified dual excess Phase Peak patterns that should resolve into
Gold 2,538$, Sept 24'. Sharp Decline follows ContinuationHello Traders. This is my analysis of Gold for the medium term. We have CPI forecasted to decrease tomorrow and IR anticipated to be cut next week. We may observe heavy volatility and opportunity in the market.
CPI
Consumer Prices have been decreasing
/cooling all summer
24'
Labor Market began st
GOLD FUTURES SHORTAnalysis
- Market reaches for trendline which would be a retest of a bullish trend
- Once trend line has been touched the market can potentially move into the previous resistance level turned to support and continue its bullish momentum.
GC Short 09/18/24Selling inside of the previous day premium area. Looking to take out 11am sell side liquidity. Price already showing signs of weakness and looking to trap impatient sellers.
GOLD FUTURES MCX ANALYSIS ( LOOKING BULLISH )Gold futures looks bullish and we can expect levels upto 82300 once it crosses 76100 in near term ( By 30th November ).levels are marked in chart posted. Before we witness breakout of 76100 view is cautious and one should remain bullish with buy on dips strategy .
GC1: Sell ideaSell idea on GC1 as you can see on the chart because we have the breakout with force the support line and the vwap indicator....
FOMC event - leaning bearishThe RSI is above 80 and looking at the past times in this area, I think we go lower after the FOMC news.
You can call this "Priced in", as we had a run up to this event.
I follow seasonality and september is not the best month for Gold.
October to december are very good months for gold, so be pat
SPY/QQQ Plan Your Trade Update : GOLD Breakout WINNERGetting through my morning with phone calls and coding - I took a break to check on the markets and what did I see? A huge breakout rally in GOLD.
This huge move higher (+$40) is a massive win for those who followed my Plan You Trade Videos.
I've been saying any price move above $2565-$2575 would
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Frequently Asked Questions
The nearest expiration date for Gold Futures (Nov 2024) is Nov 15, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Gold Futures (Nov 2024) before Nov 15, 2024.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Gold Futures (Nov 2024) this number is 173.00. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Gold Futures (Nov 2024) shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Gold Futures (Nov 2024). Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Gold Futures (Nov 2024) technicals for a more comprehensive analysis.