Gold future is showing signs of buying today. With volume showed in the graph, we could predict an upward trend. This fact is assured by the VWAP that is under the evolution price. In addition the support trend shows that the market is dominated by buyers, which mean a growth of the price.
For Gold Future right now, we think that it will increase in the few next hours, in fact, the high level of Volume assures that the market is still in movement. In addition, we have a spring on the support ( the second one that confirms a new coming up-trend), so we expect an increasement in the next few hours.
after all i notice on the chart the trend probable to going down
High probability to trend go up to test the resistance zone
high probability to the trend go done to test the support line
Gold will try to breack his resistance of 1644.8 to go catch 1655 ...
Gold undershooting at the 2012 highs are failing to clear 1700 by crumbs was screaming signals that the market was exhausted, and that it would take more than a coronavirus pandemic to move higher. Notice the size of the wick with all the profit taking place it produced a bearish monthly (and weekly) pattern: The handbrakes have been pulled, Central Banks are...
Part I - Chapter 1 The Gold Swing 1. General remarks => The base of the swing => The idea of two clashing forces After the impressive leg: ...we have a completed Gold swing trade. The legs A, B and C are individual moves in the swing; a zigzag should be considered a retrace and in this case while inside a second wave that serves a function for the...
Currently i'm short on gold. The green areas are where I will look to go long on gold.
A very good time to update the Gold chart after a huge gap up for the open forr the first swing target. Sadly no surprises via risk ticking higher and providing the catalyst in completing these flows: In my books, markets are happy to continue trading the same USD devaluation flows which will keep Gold supported via reflationary hedges even if (highly...
Gold has taken a shine to the holidays, while equities were strong, gold was not shy on the upside in the slightest. We were targetting the next resistance level at $1543 then $1550 ultimately. However on the rise up we saw that the volume through resistance levels was pretty weak so that cements our pullback idea a little more. The drop could bring price down to...
Uncertainty around reflationary fears will add upside risks to prices in Gold for 1H20. Gold remains bid since the start of November, despite risky assets continuing to gain ground. CB's have been buying 20% of the Gold supplies, the same rate circa Nixon era, all whilst mainstream media paints the geopolitical landscape with a more constructive backdrop, any...
Gold recently held the broken support as resistance at $1475 and moved lower well. There is an indication that it could slide through the support structure immediately at $1457 and then $1445. Both Fundamentals and Technicals show a weaker gold market. The wicks that formed at the $1475 resistance mean that the sellers are strong and not to mention the volume on...
Here's my idea to go short on gold (GC1!). This is a daily chart. First, I always need 4 independent reasons to take a trade. They are as follows ... 1. Location - Is the price in the correct location? In general, I price must be in the bottom of a range for a long, and at the top of a range for a short. 2. Market Structure - Is there a double top with...
Good morning traders. I'm quite interested in a short swing trade on gold futures quite soon. It appears we have some divergence happening coming into major weekly resistance zone. This divergence/resistance combined has created some bearish pressure enough to impulse past the first valley of 1320 area. I believe with all these signals together we could form a...