Gold - March 13 No High Impact News 1st Trade closed out Bears couldn't commit also Bulls momentum came in a little powerful signaling me price may want to fill in some more inefficiencies before possibly selling off later on down the line.
TGM1! trade ideas
Gold COMEX Future - Intraday Levels - 13th March 2024For your Analysis and Study only
If Sustain above 2165 to 2166 then 2169 then 2171 to 2173 then 2180 to 2182 or 2183 then 2187 then 2193 2195 or 2196 above this more bullish movement can be expected
If Sustain below 2161 then 2156 to 2154 or 2153 then 2145 to 2144 then 2142 to 2140 then 2135 below this
more bearish movement can be expected
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock and commodities trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
UPDATE: Gold almost VERTICAL! Target remains at $2,236Gold has been moving very nicely this year.
First it broke out of a MASSIVE Symmetrical Triangle that lasted an entire year of sideways movements.
Then it shot up, formed a W Formation and then just rallied up with a high inclination.
I'm talking over 60 degrees up. So, the momentum is strong (bubble style) but still strong. And the target remains at $2,236.
We could then get some consolidation and some steam off by SMart Money, before the buying saga continues.
I'm a raging gold bull!
Are gold prices expected to fall?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.
Contrary to popular belief, in times of low interest rates and accommodative monetary policies, gold is not the best investment.
One of the main reasons gold is seen as a favorable investment is because the resumption of Quantitative Easing (QE) and zero interest rate policy (ZIRP) has a positive impact on its value. Usually, when the fiat currency is devalued, durable goods such as gold become more valuable.
During periods of low interest rates, it is important to find zero-yielding assets such as gold that can still be attractive to investors. In this scenario, the yield loss is less significant than in situations where interest rates are higher. For example, if rates were at 10 percent, the opportunity cost of gold would be higher than if interest rates were at 2 percent. This means that during these periods, gold could become more attractive as a form of investment.
However, if we look at past data, we see that this has never happened.
According to the data, gold tends to depreciate relative to stocks when monetary policy is more accommodative (even if its face value in currency increases). But why does this happen? The reason is still uncertain and can be attributed to the human behavior of traders. However, there are some dynamics that may help explain this phenomenon: in an environment of low interest rates and inflation fears, investors may prefer to pursue higher returns by taking on more risk.
Despite its limited opportunity cost, gold remains an attractive investment for rational investors. However, not all investors act rationally, and over the past decade we have seen many people prefer nonprofit startups to gold or dividend investments. During phases of expansionary monetary policy, the nominal value of gold increases relative to fiat currency. This prompts miners to mine more gold, further increasing the nominal value of gold.
Demand for gold is constant and is often driven by fear and uncertainty in the markets. However, gold has limited practical utility and can be mined at will, which keeps its prices artificially low. In addition, as a non-cash flow-generating asset, investors may prefer more profitable assets in a yield-hungry and inflation-influenced economic environment. Unlike corporations or real estate, gold is unable to raise prices to adjust for rising inflation, leaving it dependent on its perceived scarcity to thrive as an investment.
One of the most interesting advantages of Trading View is the ability to observe futures curves.
As can be seen, the curve is sloped upward and shows a Contango trend. This means that future prices are greater than the current spot price, causing an upward sloping forward curve. To the extent that we get closer to the expiration of the contract, the gap between the spot price and the future price decreases, leading to convergence of the curve toward the spot price.
Under contango conditions, there is a high probability that investments will generate negative returns in the medium term.
This makes me a bit skeptical about future gold prices.
My model forecasts for the next quarter indicate a gold price in the 2000 area, with the beginning of a sideways market phase. This means that there could be a period of stability in prices after reaching this level.
We look forward to seeing you in the next article! And remember, for successful trading always rely on Tradingview: an indispensable tool that can help you avoid serious mistakes during your trades.
www.tradingview.com
GOLD ShortIf the candle (1 day) closes below the last one, I believe it will go down.
Hit me up if you agree with me
a daily price action after hour update - goldGood evening and i hope you are well.
bull case: Everything above 2100 is uber bullish because most long term bears already covered, so we could range much more at the highs. Bulls see the sell off by the bears today as weak and they keep the buying pressure on. If you look at the 1h chart, we currently have wild swings up and down on some 1h candles. Some are > 1%. Bulls now want a break above the bear wedge from today and trade back to 2180 to test higher prices. I’m unsure if we will find more buyers than sellers there but if you look at the daily chart, the move last week was so strong that bulls are obviously still in full control of the market.
bear case: Today was the second day where the Globex open was the high of the day and bulls are not stepping in enough. Was 2202 the high? Could be but the sell off is weak. Bears need to do more and get follow through tomorrow. Market also formed a bear wedge which could break above and market is probably expecting a retest of 2200. If bears can keep it below 2180, bulls might take more profits and we get lower prices. Also there is the slight possibility of today being W1 and we get a measured move down to around 2120 but again, this is very low probability.
short term: Sideways to up but 2200 could continue to be big resistance - invalid below 2150
medium-long term: Down to at least 1850 over the next 2 years — unchanged
trade of the day: selling near the 1h 20ema since bulls could not close above and buying 2160 since bears could not close below - sounds fishy but look back at charts and see how many times that’s a profitable strategy on the day.
Gold Post (CPI) Shorts Took 2 trades on gold Post CPI numbers release one stop out and re-entry 90 pips into (Sell side Liquidity)
Gold COMEX Future - Intraday Levels - 12th March 2024
For your Analysis and Study only
If Sustain above 2177 then 2183 then 2185 to 2187 then 2202 then 2211
If Sustain below 2171 then 2166 then 2154 then 2144 then 2137.0
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock and commodities trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
Gold: Almost there 🎯After its last achievement – reaching a new all-time high – Gold has retreated downward a little to catch its breath. However, we give the current turquoise wave B a little more time and space to find its high. As soon as these corrective rises are completed, the precious metal should turn south again and devote itself to the larger downward movemen
Technical and digital analysisWe notice that we are in a correction to the upside, and there is an increase in the buying momentum, and we wait for the selling momentum to weaken in the correction, and we buy
Idea About the GC1!one of my Wyckoff learning and training.
right now I'm neutral about the gold because the price came with a lot of momentum.
We will need to see the price's behavior.
sellselll now i dont need this idea to be anymore time consuming or complicated. it works the way it is... ty
Small Window of opportunity for the HOUSE to go SHORT...?COMEX:GC1!
I have been watching GOLD very very closely as it has been trending very heavily to the upside with very little opportunity if close to none to play SHORT...Now after much down time and patience we may finally have an opportunity. Here is what I will be looking for to go SHORT!
1) Buyers have pushed price up and broke a strong monthly resistance level around around ($2060.00) ***On the 4Hr TF we already have a strong rejection at that level with a minor resistance level also ($2165.0) that sellers have rejected and now pushing price lower...
2) I want to price close below ($2060.00) on both the 30&15m candle with enough conviction below for me to be interested in participating SHORT. ***Remember this trade will be considered counter trend so we need to be skilled in our entry and ever more the exit...
3) If we can get the close below monthly resistance level ($2060.00) on the 30&15m candles and PA trading underneath the red VWAP then I will be highly interested in going short targeting the next major 4Hr Demand Zone....
****Remember nothing is set in stone we simply play the longterm game of probability...
Now lets sit back N stalk like the Saltwater CROC!!! Waiting for further confirmation to enter...
Gold COMEX Future - Intraday Levels - 7th March 2024
For your Analysis and Study only
If Sustain above 2156 then 2170 to 2172 then 2199 to 2202
If Sustain below 2156 then 2141 to 2139 then 2131 then 2110
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
💥Golden Opportunity Part 1🦸♂️🔮Am just from watching Mike Maloney's video on Youtube where he is talking about the pan and handle pattern when you have time you should check it out.
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I love trading and learning about gold and silver because silver was the first asset i learnt how to buy before i became a forex trading expert
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Have you heard of the Rocket booster strategy?
its a very simple beginners way of understanding techinical analysis:
Here is the rocket booster strategy:
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Price has to be above the 50 EMA
Price has to be above the 200 EMA
The 50 EMA should cross above the 200 EMA
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This coffee am drinking has given me a boost to write this article for you to learn more check the resources below.
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Also notice that the DMI below this chart is green? that means this asset price is in an uptrend and the crowd knows about it
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When you see this imagine a big crowd rushing to buy Gold.
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Rocket boost this content to learn more.
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Disclaimer: this is not financial advice take this warning you will lose money trading learn risk management and trade safely.
Extended Trend On Gold4 hour chart is entering the 7th wave
1 hour chart is entering the 11th wave
15 min chart is inside of the 4 hour supply zone (market edge.
We might get a double top or a retest of this area and a deep pullback to 2152.8. At this point the 1 hour trend will recalculate.
However if price follows the 4 hour pullback then we could see a drop all the way to 2095.
GOLD XAUUSD GC LONGYet another very strong Daily close on Gold.
DOL is Thursdays high.
I want to see h1 bullish arrays respected to then look for M5 bullish displacement for long entry.
The unstoppable GOLDUS$ weakness fuels GOLD to move up.
GOLD futures are in wave 'C' of ABC recovery wave.
XAUUSA/GOLD MOVES 2OK, I did some checking and I came up with this....
*1st will see what move gold is going to take.. if it breaks the top line, I buy, but if it goes down .. I wait for the conformation candle and place my sell positions
still advise to test with demo account just to see if my strategy works or fails
XAUUSA/GOLD NEXT MOVEMy analysis on GOLD 🥇
if the first candlestick breaks...place buy trade.. USE demo account to test this signal
LONG TRADE
CORRECTION Looking to sell gold on a bounce to 2023.0Looking to sell gold on a bounce to 2023.0
Stop is 2062.0, target is 1981.0
Trading commodity futures and options involves substantial risk of loss.
The recommendations contained in this letter is of opinion only and
does not guarantee any profits. These are risky markets and only
risk capital should be used. Past performance is not indicative of future results**
hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown. in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.
one of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. in addition, hypothetical trading does no involve fina
ncial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. there are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
