GC overnight means Guten Coin I like the structure. Set it and forget it. Will wake up with some gold coin. Or a Loss. Either way, if you have good risk management you can manage a good nights rest. Trade safe. Cheers!
TGF1! trade ideas
This is Wyckoff VSA - Weakness Appears On Up Bars - No DemandIn this short video, Author of "Trading in the Shadow of the Smart Money", Gavin Holmes, explains the Law of Supply and Demand on charts but the most misunderstood law of trading and investing, No Demand on an up bar and Potential Hidden Selling on an up bar. Note that in the Wyckoff Volume Spread Analysis Method an UP bar is a price bar that has CLOSED higher than the CLOSE of the previous bar. Its the opposite for a down bar which has CLOSED lower than the CLOSE of the previous bar. Note in the Volume Spread Analysis method we do not analyse the open at all (nothing has happened yet!!) but the spread or range is key to the analysis combined with multiple time frames. The inventor of the Volume Spread Analysis method is the late Tom Williams, who was my mentor/teacher for over twenty years.
He passed in 2016 and I dedicate all of my videos to his memory. Thanks for watching, Gavin.
Pre News Analysis - GoldPre 'JOLTS Job Openings' analysis. 09/04/24
HTF took out buyside liquidity, LTF showing bullish pressure. Buy off retracement below 15M MSS.
Gold, copper, silver: A hard or soft-landing conundrumMetals were all lower on Tuesday as investors braced for a hard-landing scenario. But not all metals fell equally. We take a look at gold, silver and copper to sort the longs from the shorts, depending on which variant of an economic landing we could be facing.
[Daily Bias] Gold - Wed 09042024 - Ranging inside VAThe price opened within the previous Value Area, so we have two scenarios today (be cautious of the news in New York):
If the VPOC does not reject the price, it may continue to rally and test the VAH.
If the VPOC rejects the price and the VAL cannot hold, the price may drop significantly, potentially leading to a big move following the news.
GOLD MAY ROLL OVER. PREPARE TO SELL!Monthly:
Just made new all time highs. The August candle closed within the range of the July candle's trading rang. As retracement is naturally expected when swing highs are swept, a pullback is expected.
Weekly:
Failed to make a new high after the previous candle established a new ATH.
Daily:
Price struggled to move higher for 10 days. Friday's candle established a new low of the week.
SSL target points at the recent swing lows.
It's time for a pullback, imo. Not a reversal. I can see a retracement to the Weekly +FVG
highlighted in the video.
Thanks for watching. If you like the video, leave a LIKE and subscribe.
May profits be upon you.
gold versus silver ratioWHO ELSE IS WATCHING THIS ?!?!
Looks like a false breakdown reversing violently to the upside
#gold #silver #ratio
Just a Health Pullback in Gold?
Gold
Technicals - (December - Z)
Gold futures came under slight pressure in the overnight session, with weakness in outside metals, strength in the Dollar, and an uptick in two-year treasury yields also contributing. Futures continue to maintain their upward trajectory, with 'dip buyers' still active in the markets. Futures will need to preserve the August 22 low of 2506.4 and the psychological 2500 in order to keep momentum traders in the markets. Any close below 2484.9 will open the door for a further correction.
Gold (Dec)—Daily stochastics correct from overbought territories, indicating traders maybe unwinding some of their bullish bets. DMI - turned above DMI + , indicating the market is cautious. The average true range (ATR) is 35.2 per day.
For Trend Traders
Bias: Bullish/Neutral
Bull Trade Trigger: 2504
Bull Trade Trigger Date: August 12
Trend Reversal Point: 2484.9
Resistance: 2566.2**, 2583.7**, 2601***
Pivot: 2506.4*** (August 22 Lows)
Support: 2500 (Psychological)***, 2484.9 (Trend Reversal Point)***
2467.7 (50 DMA)***, 2400 (Psychological)***
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.
Gold vs Bitcoin?I'm not a huge marco guy or economist but what I do know is patterns and trends. Gold has seen expansion like never before but has it been due to a massive rotation of money out of crypto? 2500 is my next level down followed by 2470.
Pre Market Analysis on Platinum and GoldMorning on of 8.3.2024 This is what we expect Gold and Platinum to do today.
Market is towards boom invest now in Buy.Market is towards boom invest now in buy.
Im already in buy and earning profit.
I invested yesterday.
[Daily Bias] Gold - Tue 09032024 - Expecting Spring in NYExpecting range-bound movement during the Asia and London sessions today, followed by a potential spring at the naked POC during the New York session. After that, price may complete the accumulation phase and continue rallying upwards.
This is Wyckoff Volume Spread Analysis - Short GC Gold FuturesIn this short educational video, Author of "Trading in the Shadow of the Smart Money", Gavin Holmes, explains the VSA short set up "Potential Professional Selling" shown as a red indicator with PS above it. This results in a down move in GC Gold Futures, which will be confirmed if we see an indicator called "No Demand". To view Gavin's personal TradingView channel which has detailed analysis from last week, please follow him at gavinh10277
gold bearish quarter i think golds had brilliant run and I'm not going to suggest shorting gold or selling ur longs right away but i am suggested to look out for conformations on daily tfs for bear market downtrends to enter ur shorts positions this winter , we may rise above the channel but i think we will eventually run out of buyers this year
#202436 - priceactiontds - weekly update - gold futuresGood Evening and I hope you are well.
tl;dr
gold: Bulls confirmed the breakout with a strong monthly close above 2500. There are multiple nested wedges currently and I would not buy into the highs but rather wait for a pullback or a breakout above 2570. Last thing you should do right now is to look for shorts until bears come around big time. Last time bears even touched the weekly ema was end of February.
Quote from last week:
comment: Did we learn anything from a sideways week? We have a bullish pattern and a technical textbook pullback a bit above the ema. Bulls bought it and that is bullish. But only a break above 2570 is confirmation. Resistance is always that until it breaks, no matter how strong you think the trend is/looks/feels and this trend inside a 5 month trading range is not strong so far. Bulls are trying the breakout and the monthly close will be the most important for them. If they manage their first close above 2500, it would be a confirmation and buy signal going into September. What could be a potential target above? Since the trading range was mostly between 2300 - 2500ish, we can do a measured move up and that would bring us to the ballpark around 2700.
comment: Weekly inside bar. I am not lazy but I do not see any value in making up more words to fill the page so you can stay busy longer reading this. Market is neutral around 2530. Bulls need a daily close above 2570 and bears one below 2500. That’s it. Structure is still bullish. We have a big bull wedge on the weekly/monthly chart, nested bull wedges on lower time frames and sort of a bull channel upwards. I very slightly favor the bears to test 2500 again but only because bears closed last week at the lows. Daily ema held for 3 weeks now and there is no reason why it should break now and we are only 10 points above it.
current market cycle: Trading range for many months now and it’s probably coming to an end over the next weeks/months. Bulls are currently still trading above the previous highs, which is sort of confirmation of the breakout but I am not 100% convinced. Need a daily close above 2570 for that.
key levels: 2400 - 2570
bull case: Bears not doing enough so bulls are happy to continue. They want 2600 next and have all arguments on their side as long as they stay above the daily ema at 2517.
Invalidation is below 2500.
bear case: Nothing changed for the bears. Either stop the bulls below 2570 or give up for 2600 and potentially 2700 over the next weeks. Bears need a 1h close below 2500 badly. That’s it. Exactly the same sentences as last week.
Invalidation is above 2570.
outlook last week:
short term: Exactly the same as last week. Bears had a pullback and bulls bought it. Inherently bullish but only if bulls can break above 2570.
→ Last Sunday we traded 2546 and now we are at 2527. High of the week was 2564. 19 point miss over a week is as good as it gets.
short term: Neutral. Clear invalidation levels for both sides. Set up alarms and be patient.
medium-long term: Above 2570 I will update this. Until then we are in a trading range 2400-2570.
current swing trade: None.
chart update: Removed unnecessary lines and made the bullish structure more clear.
GC1! - weekly outlook for Sep 4-7GC1! on monthly closed within the Jul range setting up the premise for a CRT on monthly (see the fib levels for CRT in the monthly fib)
On weekly we have another CRT candidate with prev week's low acting as DOL for the week of September 4-7.
Not much on daily and we need confirmation on 4h for the unicorn setup. Basically anticipation for GC1! to provide an entry from the 4h fvg before moving down to the weekly sellside liquidity.
GC ( GOLD ) Open Outcry Initial Balance Fib extension Projection- Initial balance High/Low calculated between 7:20 and 8:20am CT for the Fibonacci tool.
- Displaying previous 10 days with Fib Levels < 1 and < 0.
- The Session Volume profile (SVP) calculates during Outcry Trading Hours : 7:20 am - 12:30 PM CST with Value Areas High/Low between the blue lines and Vol POC in Pink.
- I am also looking at extending the SVP to 16:00 CST when Futures trading stops for the day.
Initial balance Fib Levels with SVP- Initial balance High/Low calculated between 7:20 and 8:20am CT for the Fibonacci tool.
- Displaying previous 10 days with Fib Levels < 1 and < 0.
- The Session Volume profile (SVP) calculates during Outcry Trading Hours : 7:20 am - 12:30 PM CST with Value Areas High/Low between the blue lines and Vol POC in Pink.
- I am also looking at extending the SVP to 16:00 CST when Futures trading stops for the day.
Downside Ahead for Gold - COT Strategy SellDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.
COT Strategy
SHORT
Gold (GC)
My COT strategy has me on alert for short trades in GC if we get a confirmed bearish change of trend on the Daily timeframe.
COT Commercial Index: Sell Signal
Extreme Positioning: Most short Commercials have been since January 2021. Large specs longest they have been since March 2020.
OI Analysis: Price upward consolidation since April has seen Commercials heavily selling = bearish. Large Specs at longest positioning since March 2020 = bearish.
Valuation: Overvalued VS Treasuries
True Seasonal: Strong seasonal tendency for gold to go down in September
Spread: Bearish spread divergence
COT Small Spec Index: Sell Signal
Supplementary Indicators: Acc/Dist, %R & Stochastic Sell Signals.
Remember, this is not a "Short Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the downside, which we will participate in with a confirmed Daily trend change to the downside.
Good luck & good trading.
GC to be more preciseIf my move doesnt happen off of the newest demand zone I will be looking in this zone for entry. Trade smart yall! Remember risk managment is the most important aspect of your trading journey. Keep a cool head if you lose, and especially if you win!
GC GOLD Buy BOXBeen a while since posting my thoughts here, I have been working on something that is GOLD. Supply and Demand can often be overlooked. Trading can often be over complicated. Back up and study the basics. Supply and demand characteristics of the market are the most rudimentary but often the best way to creaete a system that brings forth consistent gains. How many traders are actually profitable. Find a system that works for you it could start with a simple supply and demand type strategy.
Here we have price reacted perfectly off of the supply zone, (Yes I took that short position from the top and have the screen shot to prove it just ask if you want to see it). Now will we enter a demand zone and reverse. My plan is to simply wait, I took my profits and now I just wait until my alerts are hit and my criteria is met to go the other direction.
What will you do? Leave it in the comments I am happy to be back posting and look forward to more!
[Daily Bias] Gold - Fri 08302024 - Range & wait for big move
Price is ranging within the value area during the Asian and London sessions, awaiting news in the New York session.
A big rally could follow once the news is released
Gold has a Great chance to cross 2570 Points / 100% Approx TodayIf you invest right now there is a pretty chance for gold to increase in buy region.
My yesterday analyses were predicted right as well.
Best of luck
