Is it time for Gold to ShineAMEX:GLD COMEX:GC1! looks ready for a move up. RSI paused just below 60, ADX move not started yet, MACD and price both coiling
A lot of Economic Reports on deck this week may act as catalyst.
TGF1! trade ideas
Gold LongI see price buying just to clear liquidity as for now. Price did its 4th element which was the reversal to the upside. That element usually aims for liquidity pools, external liquidity, highs and lows, before reversing. Im watching this every 15 days. Already rode the buy up at @2008
Short Gold PositionNow we are moving in a developing descending channel, and when the price reaches the rectangle area, you can open a short position.
Reasons for opening:
1. From this price, a descending movement observed several times.
2. When the price reaches the box area, you can see a sharp angle on the Williams' Alligator.
Important! Follow risk management and do not open a trade for more than 2% of your deposit. Place the stop-loss around 2050. TP in the down box.
Selling Short On Gold Here's Why... In this video I go over my reasoning for shorting gold futures. COMEX_MINI:MGC1! COMEX:GC1! due to technical and fundamental factors that can influence the price of gold TVC:GOLD In a negative way. Hope you enjoy and stay tuned for more! :)
Engineering liquidityI expect short positions. We are in FVG where I am waiting for a rejection at a lower levels.
First Target 2032.5
Gold breakout to $2,500I think after four years of getting rejected and sinking back down, gold finally looks like it's ready to break out. If it does I think it's going to break out hard and we could see a quick (but short lived) run to $2,500.
Let's see.
Two potential swing trades for goldGold futures saw a false break of $2060 on Wednesday, before momentum turned lower and sent prices back beneath the weekly and monthly pivot points. Those pivots have since turned into resistance, before gold saw a trendline break.
As RSI (2) is oversold and prices have found support at the 10-dy EMA and daily S1 pivot, bulls could seek a near-term swing long trade with a stop below 2045 and a target back near the pivots.
At which point, we see the potential for another leg lower, so bears could seek evidence of a swing high and for a move back down to $2040, or the swing lows near the daily S pivot.
Gold: Don’t Slacken! 💪To follow our primary scenario, Gold must not slacken on its way further up the chart! We still expect the turquoise wave B to reach a new all-time high, which requires more (corrective) rises. However, our alternative scenario could still prevail with a probability of 40%. In this case, the turquoise wave alt.B would have already been finished with the last prominent high, and Gold would, therefore, turn down earlier to dive below the support at $1935.
Textbook RectangleIf you were to draw a channel/rectangle for #gold futures daily chart, this one has the most relevant hits.
These are the best set-ups IMO. Price is squeezing.
Sellside liquidity long on goldTwo realtive equal low = Sellside liquidity
Long with target buyside liq
CG1 looking for gold to climb Gold has been testing the resistance of 2027 and looks set to finally break free once it has a retrace to 2024. look for a breakout at 2028
Gold Update: No changesNothing new to add on Gold. It is as slow moving as molasses. It is still on positive divergence at this time. Economists are starting to say a recession is expected at some time this year so maybe that is the catalyst gold is waiting on to raise higher. It has always been a store of value and a commodity people flock to in hard economic times.
One question I want to leave you with concerning gold; is BTC replacing it? Many older investors are finally coming around to BTC and the potential it holds making it more mainstream. This is opening it up to more equity streams of capital. What does this mean for gold? Only time will tell...
Don't forget, beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.
The Calm before the storm. feeling slightly Bullish Hello, all traders! This would be my very first published idea. I am an intraday trader and would love to share my position for today. This is not financial advice, just my perspective on the market. Gold Futures seem very bearish, but I have chosen this position with
Entry - 2012.3
Take profit - 2022.8
Stop loss at 2008.1.
After this trade executes, my main position will be to short Gold. I believe gold will test 2022 again before falling once more.
Good luck to all traders.
gold-silver-ratio
As You can see an apex which showed bullish absorption was cutted the bearish style, to be tested if it will sustain strength. Now we see a rising wedge with shortening of time in the upper area and no shortening no expension of time at the lower boundaries.
This leads to the conclusion, that gold is sold and silver is bought.
Silver and copper are industrial metals. When they show strength vs. gold the markets are in an early stage of a big trend with a lot of bredth indicators moving to the upside soon.
