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GDF1! trade ideas

GC Update: Still trekking higherNot much to add in reference to Gold. It is still following my path higher into the target box. Thus far it appears its wave 1 of (5) is complete and it is starting its sub-divisions of wave 3 of (5). If this is correct, it would coincide with the drop I am expecting with the indices. It is by no means a requirement for gold to rise when the index's fall but is has long been considered a store of value. So, it would make sense for it to move higher while the overall markets are dropping. Gold is slow moving though, so we will just have to wait and see. Once this wave (5) completes it will have finished a cycle wave III, and IV always comes after III lol. We have already made a new high which is the only real requirement for this structure to be considered complete. I would like to see us continue to raise into the target box though. Around the $2400-$2500 area would be an ideal place for this wave to conclude. Again, not required, just ideal. Good luck everyone!
COMEX:GC1!
by TSuth
New Cycle, or The Top? Gold had an impressive year in 2023, posting gains of 12.75%. However, the precious metal has failed to break and close above the psychologically significant 2100 handle and continues to face major overhead resistance. Will 2024 be a bullish cycle for Gold, or is this the top yet again? Economic Weakness Priced In? Gold, like many risk assets, remains influenced by macroeconomic trends and monetary policy. While the prospect of interest rate cuts in 2024 is part of the reason the metal had a stellar 2023, a flight to safety trade may be priced in, given the expectation of further economic growth slowdown in 2024. The precious metal will continue to be influenced by changes in interest rate expectations and emerging economic trends. Technicals: Gold has recently begun trading within a parallel channel. This range will play a pivotal role in the price action in the near term. If we see a break and close below the bottom end of the parallel channel, as well as the 50-day EMA, more weakness could follow. Conversely, to see further upside, Gold will need to retest the 2078 level, and a break and close above this level are likely to lead to a test of 2100. Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: 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 on CME Group data plans available that suit your trading needs www.tradingview.com *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.
COMEX:GC1!
by Blue_Line_Futures
GOLD bearish. At least short-termBASIC The out-of-the-money (Otm) butterfly spread. This strategy can offer the trader a limited-risk method to enter into a trade with an extremely favorable reward-to-risk ratio while offering a wide range of profitability. 1/5/2024 CME exchange. The OTM butterfly strategy is designed for professionals. It not only predicts a narrow price range but also the time period during which the price of the underlying asset will be in that range. We carefully analyze and fix such strategies.
COMEX:GCG2024
by ClashChartsTeam
3 Potential Risks & 3 Opportunities in 2024 - What are they?If you ask anyone on the street, 'Do you think living expenses and food prices will be higher in a year or two from now?' 9 out of 10 will likely say 'Yes.' This means inflation is still a concern. Risk 1, U-turn in inflation. Risk 2, An expansion in geopolitical tension Risk 3, A delayed recession in 2024 Comex Gold Futures & Options Its Minimum Fluctuation 0.10 per troy ounce = $10.00 Code: GC Micro Gold Futures & Options Its Minimum Fluctuation 0.10 per troy ounce = $1.00 Code: MGC Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
COMEX:GC1!
by konhow
6
Will there be declines in gold prices coming?If you would like to be notified whenever I post a new article, just click "FOLLOW" at the top. Also, if you would like to elaborate on a particular topic or need some advice, please comment below the article and I will be happy to help. Will there be declines in gold prices coming? On Wednesday, gold steadied above $2,060 an ounce after a drop in the previous session. Investors are waiting for the minutes of the latest Federal Reserve meeting for clues on what monetary policy will be in the future. On Tuesday, the metal fell from intraday highs and closed down 0.2 percent. This was caused by a rebound in the dollar and Treasury yields. Market participants downgraded their expectations about the possibility of interest rate cuts by major central banks this year. Currently, there is a 70 percent probability that the U.S. central bank will make a quarter-point cut in March, up from the previous 90 percent. After adopting a neutral stance on gold in early November, I began to pay more attention to the downside when the metal failed to consolidate gains above the $2,000 mark. In fundamental terms, although the decline in real bond yields in recent months has created a favorable environment for gold, it still remains well above the levels associated with current real yields. Overall, risks are strongly tilted toward a further decline in gold prices in the coming months. Gold's chart pattern is extremely bearish after failing to maintain levels above $2,000. This false break is similar to the one observed in March 2022, which led to a 22 percent loss in the metal's value over the next 6 months. Currently, there is no significant support until the price falls to the $1,800 area, which corresponds to the October lows. The recent lack of gains above $2,000 is worrisome, especially considering that the futures and options markets show a positive stance for further increases. In fact, net non-trade positioning is at its most bullish level since April 2022, after rising sharply from the October lows. This could be seen as a contrarian signal to experienced investors. In a bearish technical environment, there is reason to be concerned about gold given that fundamentals point to a lower value than the current one. This estimate comes from the correlation between gold and 10-year inflation-indexed U.S. bond yields and between the gold-to-industrial-metal ratio and 10-year nominal bond yields. Although bond yields have declined in recent months, long-term inflation expectations and industrial metal prices are also declining. As a result, the fair value of gold has improved slightly but still remains significantly below its current value. It is theoretically possible that the fundamental situation will improve dramatically as the Fed cuts rates. However, the difficult fiscal situation in the United States strongly suggests a return to negative 10-year real yields, as the current positive 2 percent is unsustainable. This could mean very good news for gold, but markets are already anticipating aggressive rate cuts for 2024 and beyond. This indicates that any improvement in economic data or a rise in inflation could cause a slowdown in falling yields, severely hampering gold prices. According to my forecast, gold prices will reach $1,800 in the next quarter.
COMEX:GC1!Short
by Antonio_Ferlito
Gold to $2057 overnight by 6:15am in the morning 1.04.24Gold should start its climb up to $2057 tonight . There should be on last push to 2048-49 then it should start its climb to $2057. Nothing really super technical here. It finished accumulation, then re-accumulation, made a control box, broke out. ran up. Dropped back to the zone to find support and resupply. Pushed a little deeper, and now setting up to break that high using the measurements it made doing everything I just said. Which points to the $2057 area and Im throwing in some timing to make it interesting.... I have a natural rhythm to the market and with that it should finish before 6:15am. just a zone break, followed by a pull back to support and then a launch for profits.
COMEX:GC1!Long
by iCantw84it
🏦37 Reasons To Buy Gold During Inflation📈🌐1. Hedge Against Inflation: Gold is often considered a hedge against inflation as its value tends to rise when the purchasing power of fiat currencies declines. 2. Store of Value: Gold has been a reliable store of value throughout history, preserving wealth across generations. 3. Limited Supply: Unlike fiat currencies, the supply of gold is limited. This scarcity can contribute to its value during periods of inflation. 4. Diversification: Including gold in an investment portfolio can add diversification, reducing overall risk. 5. Global Acceptance: Gold is accepted worldwide as a form of currency, providing liquidity and ease of trade. 6. Central Bank Reserves: Many central banks hold gold reserves as part of their monetary policy, indicating its importance in times of economic uncertainty. 7. Geopolitical Stability: Gold is seen as a safe haven during geopolitical turmoil, making it attractive when inflationary pressures are coupled with global uncertainties. 8. Negative Real Interest Rates: Gold tends to perform well when real interest rates (adjusted for inflation) are low or negative. 9. Portfolio Insurance: Gold can act as insurance in case of economic downturns or financial crises, providing a cushion for investment portfolios. 10. Long-Term Value: Investors often turn to gold for its long-term value and stability, especially during periods of economic turbulence. 11. Tangible Asset: Gold is a tangible asset, offering a level of security that digital or paper assets may lack. 12. No Counterparty Risk: Unlike stocks or bonds, owning physical gold involves no counterparty risk, as it doesn't rely on the performance of a third party. 13. Historical Track Record: Gold has maintained its value over centuries, making it a reliable asset with a proven track record. 14. Supply and Demand Dynamics: If inflation drives up the cost of goods and services, the demand for gold may increase, contributing to its price appreciation. 15. Gold as Currency: In times of inflation, when the value of paper currency diminishes, gold retains its status as a reliable currency. 16. Portable Wealth: Gold is easily transportable and can be stored in a small space, allowing for the easy movement of wealth. 17. Jewelry Demand: The demand for gold in jewelry can contribute to its value, especially in cultures where gold holds cultural or social significance. 18. Mining Costs: Higher inflation may lead to increased mining costs, impacting the supply side of gold and potentially driving prices higher. 19. Industrial Demand: Gold is used in various industries, and increased industrial demand during periods of inflation can support its price. 20. Gold ETFs: Exchange-traded funds (ETFs) backed by physical gold offer a convenient way to gain exposure to gold prices. 21. Technical Analysis: Traders often use technical analysis to identify trends in gold prices during inflationary periods. 22. Psychological Impact: Perception plays a significant role in market dynamics, and the perception of gold as a safe-haven asset can drive demand during inflation. 23. Government Debt Concerns: High levels of government debt can lead to inflation fears, prompting investors to seek assets like gold for protection. 24. Currency Devaluation: Inflation often accompanies currency devaluation, making gold more attractive as a stable alternative. 25. Real Assets Outperformance: Historically, real assets like gold have outperformed financial assets during inflationary periods. 26. Gold Mining Stocks: Investing in gold mining stocks can provide exposure to gold prices with the potential for additional returns. 27. Crisis-Driven Demand: During economic crises, there is often an increased demand for safe-haven assets like gold. 28. Monetary Policy Impact: Changes in monetary policy, such as low-interest rates and quantitative easing, can influence gold prices during inflation. 29. Central Bank Purchases: Central banks may increase their gold reserves as a response to inflationary pressures. 30. Cultural Significance: In many cultures, gold is considered a symbol of wealth and prosperity, driving demand during economic uncertainties. 31. Financial System Instability: Concerns about the stability of the financial system can drive investors towards safe-haven assets like gold. 32. Gold's Unique Properties: Gold is corrosion-resistant, non-reactive, and has unique conductivity properties, making it valuable in various industries. 33. Fear of Currency Collapse: In extreme cases, when there's fear of a currency collapse, investors may flock to gold as a reliable alternative. 34. Gold's Inherent Beauty: Beyond its financial properties, gold's aesthetic appeal can contribute to its demand, especially in the form of jewelry. 35. Long-Term Storage of Wealth: Gold has historically served as a reliable long-term storage of wealth, maintaining value over extended periods. 36. Steady Demand in Asia: Asian countries, particularly India and China, have a strong cultural affinity for gold, contributing to consistent demand. 37. Global Economic Uncertainty: Periods of global economic uncertainty often coincide with inflation, making gold an attractive option for investors seeking stability. **Disclaimer:** The information provided above is for educational and informational purposes only. -- It does not constitute financial advice, and trading always involves -- a risk of substantial losses, regardless of the margin levels -- used. Before engaging in any trading activities, it is crucial to -- conduct thorough research, consider your financial situation, -- and, if necessary, consult with a qualified financial advisor. Past -- performance is not indicative of future results, and market -- conditions can change rapidly. Trading decisions should be made -- based on careful analysis and consideration of individual -- circumstances. The user is solely responsible for any decisions made -- and should be aware of the inherent risks associated with trading in -- financial markets.
COMEX:GC1!Long
by lubosi