Gold xt moves?Gold remains a commodity of choice in a market that is increasingly becoming unstable because of geopolitical tensions, raising US debt etc.
GD1! trade ideas
100Pts Long on GOLD / 5R Multiple for DA HOUSE Recap!!COMEX:GC1!
"2025 For a greater reward, we must go to the valley to CONQUER!!" -500KTrey
Here in this video I have gone into great detail about our system;
Confluence Profile 500K (Expectational Order-Flow + PA) 20pt Stop / 5R Run... Well DONE!!
Enjoy. Stay Dedicated. Stay Focused. Seek Inspiration!!
Remember; "Our Profession is to Manage the downside costs of printing HIGHSIDE returns of $$$ consistently. Done correctly, well an Abundance of low hanging fruit awaits us." -500KTrey
+Shalom
More Higher Highs for Gold! I want to Buy Gold now and not miss the move. But the Motto is NOFOMO! We have to wait for the killzones. Asian and London session should give us a idea of what price would like to do next. We just have to wait for it!
Gold Looks Towards 2700 $Gold Futures Short at 2730 $ as Double Top Pattern formation completed and Neck Line is Broke successfully with retest done in H1 time frame.
Expected fall towards 2700 $ which will be Profit Taking level.
Characteristics of a Double Top Pattern:
Two Peaks:
The price creates two nearly equal highs, indicating strong resistance at that level.
The peaks are separated by a pullback (called the "valley").
Support Breakout:
The pattern is confirmed when the price breaks below the "neckline" (the horizontal line connecting the lowest point of the valley).
Volume:
Volume is typically higher during the first peak and lower during the second, showing weakening bullish momentum.
Bearish Implication:
When the neckline is broken, it suggests a potential downtrend, as buyers fail to push the price higher.
Long positions feasible as gold tests resistance levels next wee
- Key Insights: The recent performance of gold indicates its positioning at
critical resistance levels, particularly around $2720. The potential for
upward movement remains if it breaks through these levels. Traders should
focus on managing risks given the high volatility, and beginners are
encouraged to practice with a demo account before engaging in live trading.
- Price Targets: Next week targets for long positions are T1: $2750, T2: $2785.
Stop levels are S1: $2710, S2: $2680. This setup suggests a cautious
approach while betting on gold’s ability to breach key resistance.
- Recent Performance: Gold exhibited significant fluctuations this past week,
stabilizing around the $2750 mark. Its performance stands out particularly
as other financial sectors have excelled, though gold remains intertwined
with evolving market conditions reflecting investor sentiment.
- Expert Analysis: Analysts continue to express a cautiously optimistic outlook
for gold in light of shifting economic indicators. While volatility remains
a concern, the sentiment among experts suggests that a breakout above $2720
could signal renewed interest from commodity investors, especially during
uncertain economic times.
- News Impact: Positive earnings announcements from major banks have created a
ripple effect, fostering speculation about a possible shift of capital from
equities into commodities. This environment encourages attention towards
gold as a safe haven or alternative investment during times of market
turbulence, underscoring gold's importance in a well-rounded investment
strategy.
Master ICT Weekly Profiles❔ What Are ICT Weekly Profiles?
ICT Weekly Profiles are conceptual frameworks designed to illustrate common patterns of price behavior observed during a trading week. These profiles help traders analyze and anticipate potential market movements based on historical tendencies and recurring patterns.
Each ICT Weekly Profile has distinct characteristics, providing insights into how price action might unfold within a given week. However, it is essential to emphasize that these profiles are not definitive predictions but tools for understanding market tendencies and guiding decision-making.
Detailed explanations of each ICT Weekly Profile, accompanied by examples, are provided below.
🌟 Classic Tuesday Low of the Week Bullish
In a bullish scenario, the market often exhibits a manipulative move on Monday, hovering above a higher time frame discount array.
By Tuesday, the price typically retraces into this higher time frame discount array, establishing the low of the week before resuming its upward trajectory.
To anticipate this behavior, it is crucial to identify the higher time frame discount array.
If the market does not drop into the discount array on Monday, it is highly likely that Tuesday will see a drive lower, forming the weekly low during the London or New York session.
👉 Classic Tuesday High of the Week Bearish
In a bearish scenario, the market may exhibit a manipulative move on Monday, hovering below a higher time frame premium array.
On Tuesday, the price typically rises into this higher time frame premium array, establishing the high of the week before resuming its downward trend.
To effectively anticipate this behavior, it is essential to identify the higher time frame premium array.
If the market does not rise into the premium array on Monday, it is highly probable that Tuesday will witness a drive higher, forming the weekly high during the London or New York session.
ℹ️ Wednesday Low of the Week Bullish
In a bullish market, price action often exhibits manipulative behavior on Monday and Tuesday, hovering above a higher time frame discount array.
On Wednesday, the price typically drops into the higher time frame discount array, establishing the low of the week before resuming its upward movement.
Key Insight:
To anticipate this phenomenon, it is crucial to identify the higher time frame discount array.
If the market does not drop into the discount array on Monday or Tuesday, it is highly likely that Wednesday will see a drive lower, forming the weekly low during the London or New York session.
🔗 Wednesday High of the Week Bearish
In a bearish market, price action often displays manipulative moves on Monday and Tuesday, hovering below a higher time frame premium array.
On Wednesday, the price typically rises into the higher time frame premium array, marking the high of the week before continuing its downward trajectory.
Key Insight:
To anticipate this phenomenon, understanding the higher time frame premium array is essential.
If the market does not rise into the premium array on Monday or Tuesday, it is highly probable that Wednesday will see a drive higher, forming the weekly high during the London or New York session.
🟢 Consolidation Thursday Bullish Reversal
In a bullish market, price may consolidate from Monday through Wednesday before running the intra-week low and rejecting it, forming a reversal.
How to Anticipate:
Identify the higher time frame discount array.
If price fails to drop into the discount array earlier in the week, Thursday may see a drive lower due to market-moving news or an interest rate release, typically around 2:00 PM (New York local time).
ⓘ Consolidation Thursday Bearish Reversal
In a bearish market, price may consolidate from Monday through Wednesday before running the intra-week high and rejecting it, forming a reversal.
How to Anticipate:
Recognize the higher time frame premium array.
If price fails to rise into the premium array earlier in the week, Thursday may see a drive higher triggered by market news or an interest rate release around 2:00 PM (New York local time).
📈 Consolidation Midweek Rally Bullish
When price is bullish and consolidates from Monday through Wednesday, it may run into the intra-week high and expand higher into Friday.
How to Anticipate:
Look for a scenario where price has yet to reach the higher time frame premium array but has recently rallied from a discount array and paused without any bearish reversal signals.
This suggests the price is preparing to expand higher towards the premium array.
🔴 Consolidation Midweek Decline Bearish
When price is bearish and consolidates from Monday through Wednesday, it may run into the intra-week low and expand lower into Friday.
How to Anticipate:
Identify if price has yet to reach the higher time frame discount array but has recently declined from a premium array and paused without any bullish reversal signals.
This indicates the price is likely to expand lower towards the discount array.
⛔ Seek and Destroy Bullish Friday
This is a neutral to low-probability profile. From Monday to Thursday, price consolidates while running shallow stops above and below the intra-week high. On Friday, it runs the intra-week high and expands higher.
How to Anticipate:
Such conditions often arise during periods of interest rate announcements or Non-Farm Payroll reports, especially in the summer months (July and August).
It is advisable to avoid trading under these conditions due to increased unpredictability.
⚡ Seek and Destroy Bearish Friday
This is a neutral to low-probability profile. From Monday to Thursday, price consolidates while running shallow stops above and below the intra-week high. On Friday, it runs the intra-week low and expands lower.
How to Anticipate:
This profile is common during major news events, such as interest rate announcements or Non-Farm Payroll releases in the summer months (July and August).
Trading in these conditions is best avoided.
🧠 Wednesday Weekly Bullish Reversal
In a bullish market, price consolidates from Monday through Tuesday, drives lower into a higher time frame discount array on Wednesday, inducing sell stops, and then reverses strongly.
Key Characteristics:
This pattern often occurs when the market is trading at long-term or intermediate-term lows.
Institutional buying is paired with sell-side liquidity, typically targeting sell stops.
💪 Wednesday Weekly Bearish Reversal
In a bearish market, price consolidates from Monday through Tuesday, drives higher into a higher time frame premium array on Wednesday, inducing buy stops, and then reverses strongly.
Key Characteristics:
This pattern commonly appears when the market is trading at long-term or intermediate-term highs.
Institutional selling aligns with buy-side liquidity, typically targeting buy stops.
🎉 Conclusion
ICT Weekly Profiles are structured frameworks designed to identify recurring patterns in price movements over the course of a trading week.
These profiles encompass various scenarios, including bullish and bearish trends, midweek reversals, and periods of consolidation.
By studying these patterns, traders can anticipate potential weekly highs and lows by analyzing price behavior on specific days, such as Monday through Wednesday.
GOLD Ready for ALL TIME HIGH BREAKOUT...MCX:GOLD1! trade at 79000 level. You can watch for more upside move after 80000 level breakout.
GOLD SHORT?everything has been absolutely pumping. ive been getting rekt. this short lines up with a few of my confluences.
overbought rsi
overbought bolinger bands
ma magnet
fvg
liquidity
lets see where it goes.
Gold Futures. Time. M
Here's my analysis of gold on the daily time frame. This is my perspective on how gold is performing.
2025-01-16 - priceactiontds - daily update - goldGood Evening and I hope you are well.
comment: The bull channel is clear and valid until broken. I do think a bigger pull-back is overdue but until then, bulls are in control.
current market cycle: trading range
key levels: 2670 - 2770
bull case: Bulls want to print above 2761 and make a new high above the December high. If they can get it, we could see more upside to 2800 since there is no more resistance afterwards. the bull channel is tight and no matter how you count it, we had at least 3 legs up and betting on a 4th is a losing strategy in most cases.
Invalidation is below 2700.
bear case: Bears doing not enough and if they fail at 2761, we will go 2800+ again. Not much to interpret here. We are still in a bull channel on the 1h tf and bears would need a 1h bar close below the 20ema for a start. The previous times we got above 2740, we printed huge bear reversal bars and I am hoping for another one tomorrow. Bears are also seeing this as at least 3 legs up and they want another decent pull-back for at least 50 points like the prior ones.
Invalidation is above 2765.
short term: Neutral. Waiting for bears to come around here at big resistance. If they fail, we see 2800 soon. No bigger interest in buying this.
medium-long term - Update from 2024-01-02: If we break strongly above 2700, we will likely retest 2740-2760 and depending on that move, we will either stay inside the big range 2560 - 2760 or retest 2800 or even higher.
current swing trade: None
trade of the day: Buying the double bottom on the 1h tf at 2722 before EU open. Otherwise just any pullback to the 1h 20ema.
Gold price falling.You notice that GC has tested that 1 fib level and today is the date I mentioned (see Related Publications at the bottom of this post.) I thought it would only test the previous level but today is the day and it has completed an important retest.
Gold price starts falling here.
Local GOLD long from an action line on 15m chartPrice has broken kill-zone that consists of triple top and double top. So I expect stepping up swing movement on 15m chart. This is a good time to draw action-reaction set. It captures previous price movements wonderfully.
And we have nice risk/reward entry if we place our stop behind this kill-zone
Gold's shakeout may not be overLast week in a video I expressed my concerns that the start-of-year gains were a bit suspect. So it is interest to see that a bearish engulfing day formed around a resistance cluster including a weekly VPOC and trendline from the record high.
Prices remain within a small symmetrical triangle on thew daily chart which could really break either way, but with such a strong bullish trend on the weekly, any retracement seems likely to be shallow. I also see gold hitting record highs this year.
For now, the leg lower from Friday's high appears to have formed in one way within the triangle, which implies at least one leg lower within it.
Bears could seek to fade into moves towards 2700 and target the HVN around 2646 or the lower trendline of the triangle.
Matt Simpson, Market Analyst at City Index and Forex.com
GoldGold from levels of 78766 it has completed first initial retesting zone from range 78436 to 78085
Made low currently 77965 around 8 pm
Now further it can slide near zone 77550-77161 zone with small bounce expected in range 78105-78334
GC LONG from 2675-2680 targeting 2700-2710Gold future contract was traded in an up trend for the past following days, after the huge correction we had from 2760 to the ~2600 level.
from there - we gained momentum and buyers that took the price all the way up to 2710 again.
yesterday we got a big daily correction candle that took us back to 2680.
2675-2680 is a big AOI for this asset, and I expect buyers to come in and make the price bounce around 1% back up (2700-2710), where I will want to take profit and recalculate the odds for holding it to 2750 or let go.
Stop would be bellow 2670-2675, good luck
BHNVN
#202502 - priceactiontds - weekly update - gold futuresGood Evening and I hope you are well.
comment: I want to be bearish with a stop 2761 but so far bears have not done enough. Market is still above the 1h 20ema and until we have consecutive closes below, I won’t take shorts. My bear trend line is good and market showed the expected reaction there but the risk of another test of 2735 is too high to take early shorts. Bulls also closed above 2710, which is pretty bullish but I would never buy so close to a big bear trend line. Downside potential is about 100 points while upside is most likely limited to 2761, so r:r is clearly on the bear side.
current market cycle: trading range
key levels: 2620 - 2761
bull case: Strongly bullish week and despite having many tails above the bull bars, we are only going up. Bulls want to break above the bear trend line and test 2761 again. Gold has been in a trading range 2560 - 2761 for more than 2 months and betting on a breakout is low probability. Bulls are buying this on momentum but once that is gone, they likely have to cover and try lower again. If bulls want 2800 bad, we would stay above 2700 and continue upwards. I currently see this 50/50 for both sides.
Invalidation is below 2670.
bear case: Bears tried on Friday but bulls got a big bullish reversal bar and closed above 2700. Best bears could do right now is to turn the market neutral around 2700 before they can try to sell this down again. Bulls are in full control and bears have not done much since beginning of 2025. First target for the bears is to stop the market from making new highs and staying below the 2024-12 high at 2761. Next target down would be 2680 and a 4h close below the 20ema, which has not happened since last Monday.
Invalidation is above 2761.
short term: Neutral around 2700. Bullish above 2740 for 2761 or higher and bearish only below 2650. Market most likely needs more sideways movement before we can go down.
medium-long term - Update from 2024-01-02: If we break strongly above 2700, we will likely retest 2740-2760 and depending on that move, we will either stay inside the big range 2560 - 2760 or retest 2800 or even higher.
current swing trade: None
chart update: Nothing
Gold Spot / U.S. DollarPossible Sell on 4H HTF liquidity taken out. Wait for LTF on MSS/FVG confirmation before entry.
GOLD is going to be BEARISH, Lets seeGOLD is going to be BEARISH, Lets see
1) Triangular pattern
2) Bears seems dominating as per volume and pattern
3) Lets see, comment your opinion
$GOLD & $SILVER BullishGold and silver on the monthly chart exhibited SMT and mitigation of a PDA in the discounted region, signaling a potential MMBM, which was later confirmed on the daily chart. As a result, we maintain a bullish bias for these assets, considering they may be targeting the external liquidity of the monthly chart as the final objective. However, it is worth noting that the price might correct beforehand, returning to the discount region on the daily chart to seek internal liquidity and build momentum to reach the monthly chart's final liquidity target.
gold holders GC is still UPHello
Dear gold adepts, gold strongly probable will reach 3000, 3300 and mybe 3700,
Just keep eyes on these critical levels on my chart
good luck
