Holiday yesterday so no play! can we get it today?As we get ready to close out the week we are looking for the reversal to play out. We have been in a casual consolidation all week. Just looking for price to step outside of value one more time so that we can get a entry for it to continue pushing bullish.
TGF1! trade ideas
Gold to $3500-$3600Gold broke out of a two touch point downwards trend line recently and retested a previous swing high of around $3475. Since the swing high retest gold has dropped back to a retest of the trendline that was broken. Price has been holding above the lower green trend line with multiple touch points. With continued economic uncertainty among retail investors gold still stands as a safe haven investment so In the short term I can see it going to $3500 or even $3600.
If the lower trend line has a candle close below it then do not go long into this trade.
Gold Sliver Spread is Pointing Downward - Silver to TrendGold-silver ratio dropped from 107 to current 91. What does this mean? Does it indicate that silver is about to trend higher, or is it a sign that gold will continue its trend?
If you take the gold prices on 'Liberation Day' on 2nd April 2025 - Gold at $3,509 divided by Silver at $35 = 100.25
Today, the gold prices at 3,400 divided by the silver prices at 37.36, you will get the ratio as 91.
Based on this historical development over the last 50 years, gold silver spread has range bound within this range of 40 and 100, and likely it should remain this way.
Studies shown it has just reached 100, forming a potential inverted hammer, and could be on the way down to its lower band. Either the 65 band or 40 band.
If that were to happen, this also means the Silver’s trend is likely to pick-up faster than gold did.
On 05 April 2024 a video analysis I have published, title “Silver is Next to Rally After Gold”, then I presented on its fundamental and its technical reasons.
By the way the cup & handle formation, it is taking a very good shape today.
On that analysis, I suggested in time to come, when Silver to catch-up with gold, it will be fast and furious. And I believe the time is near as the ratio now dip to around 91, and it seems more room for more downside.
This means with so many uncertainties and fear of inflation coming back again, Gold may still trend higher, but this time the rate-of-change for the silver to move higher is faster than that of gold. If the ratio continue to decline, we should see a much firmer silver prices from the current.
Historically, gold and silver have been used as money, and even today, if you take any grams or an ounce of gold or silver to banks with bullion departments, you can exchange it for cash.
As the world searches for the next reserve currency, precious metals have become a safe haven. That’s why gold has been trending upward over the years, especially when inflation hit a high of 9% in 2022. When gold becomes too pricey, investors often look for alternatives like silver. This also explains why, during most financial crises, the gold-silver ratio dips, indicating that silver is catching up with gold.
Micro Silver Futures
Ticker: SIL
Minimum fluctuation:
0.005 per troy ounce = $5.00
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GOLD- WATCHING IT CLOSELY.🔍 Chart Analysis
🏗️ Structure & Patterns
A perfect Cup & Handle formation is visible.
Price has broken out above the neckline (~₹98,000) but is currently in a pullback phase, forming the handle.
A falling wedge breakout is also seen prior to the breakout — a bullish continuation pattern.
📐 Fibonacci Retracement
0.382 level at ₹96,132
0.5 level at ₹95,132
These retracement levels align well with the handle zone and offer potential re-entry/buy levels.
🛡️ Key Support Levels
Level Description
₹98,000 Former resistance, now short-term support
₹96,132 38.2% Fib retracement
₹95,132 50% Fib retracement (also demand zone)
₹94,200 Major support
🔵 Note: Breakdown below ₹95,132 is bearish confirmation.
📊 RSI Analysis
RSI = 54.59, cooling off from overbought levels.
RSI has crossed below the RSI-based moving average (63.43), indicating temporary loss of momentum.
📈 Projected Path
The handle curve suggests a possible rebound after this pullback, targeting previous high ~₹99,358, and possibly ₹101,317 (height of cup projected upward).
✅ Summary
Category Observation
Pattern Bullish Cup & Handle with falling wedge breakout
Trend Bullish above ₹95,132; Weak only if closes below
Key Levels Support: ₹98,000 / ₹96,132 / ₹95,132 / ₹94,200
Resistance: ₹99,358 / ₹101,317
RSI Cooling down; not overbought; healthy retracement
Bias Bullish with pullback in progress; re-entry near ₹96k–95.1k zone
🧠 Final Thoughts
Pullbacks are healthy in bullish setups like this — watch for reversal signs near ₹96,132 or ₹95,132.
A daily close above ₹99,358 can trigger Cup & Handle target breakout toward ₹101,300+.
Maintain bullish bias unless ₹94,200 is breached.
Part 4/4 GoldGroundbreaking move from Beijing:
Chinese insurance giants can now invest in gold for the first time .
Firms: PICC, China Life, and 8 more
Max allocation: 1% of assets
Potential inflow: 200 billion yuan ($27.4 billion)
Why is this big?
China = #1 gold consumer globally (910 tons consumer demand in 2023)
Gold has cultural, symbolic and strategic importance
China moving reserves from USD to gold
This policy change is a structural shift, not just a headline]
Conclusion:]
Add China’s institutional demand to war + inflation + falling rates, and we get one clear strategy:
BUY Gold. Target: $5000 in 2025]
when price consolidates, its just setting upLooking for a bigger moving going into mid week. Tues spent the entire day consolidating. Now im thinking we getting ready for a bigger move. Just trying to be patient and wait for it. Price should give us some kinda sign on what it would like to do as we coming into the Asian Killzone.
GC Ready for a Push to New All-Time HighsGold Futures (GC) are showing signs of accumulation and upward momentum, with the chart forming a rounded base suggesting a potential breakout. Recent price action has been consolidating in a bullish structure, and we may be gearing up for a breakout towards new all-time highs.
With rising geopolitical tensions in the Middle East, gold's safe-haven appeal could drive significant buying pressure in the coming sessions. Volume is stable and supportive, and the technical structure aligns with a bullish continuation.
$MGC / $GC / Gold Post-Market UpdateHello Fellow Degenerates,
Price retraced below a 3416.2 and it is now between that level and a FVG. I do see some signals that a possible pull back might happen and I have now marked 3442-3430 as an important range to watch.
- If the pullback happens, it could be a retest of the HVN resistance, and if price gets rejected in that range, we will go towards our bearish scenario.
- However, if price breaks above that range with strength it will mean that we are now going towards our Wave 5 target near 3504.
- Levels to watch: 3504, 3442, 3430, 3416, 3358, 3283.
GOLD ANALYSIS FOR THE WEEKI've been studying GOLD (GC) & others and want to share my analysis. Trading involves probabilities, so it's essential to be confident and prepared. Study the market thoroughly before trading with real money.
Let's test strategies this week. You may use a live account if you have capital, and manage your stop losses carefully. Next week, I'll provide more details on entry points and stop losses. Wait for trades at specified levels and avoid positions in the middle to minimize losses. Be patient and trade from one edge to the other.
Good luck and make money.
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$MGC1(Gold) Weekend Update - June 14Hello Fellow Gamblers,
I hope you're not sinking in your twin size bed thinking about your losses from this week.
I am bringing to you a weekend update on gold, so we can get ready for this week. This video is a little bit longer and my ability to speak becomes worse as time extends, so take your time and get your notes right to prepare for the week.
- 3416.2 needs to hold for more upside. A break below that level can take us towards 3358.8.
- A break below 3358.8 validates our bearish scenario.
- A break above 3504.1 validates our bullish scenario.
- Levels to watch: 3416.2, 3358.8, 3504.1