A trend line, on the monthly chart, has been building up for the last 2 1/2 years and will be confirmed with a monthly low between 1195 and 1201 before the end of the year, then we can be bullish long term for al least 5 more years. Strategy is to go long @1200 on the first or second week of December 2017. A clear break below 1180 will invalidate the idea.
August 14 Hi everyone. My analysis done for my main timeframe 5m. I start from higher timeframes D1, H1 and move down to lowest m5. Gold Futures Contract, COMEX — 12-20 My trading is based on market phases. For timeframes m5: Buy 1974,40 — take profit 1998.90, take profit2 — 2016.50 Sell 1925,40 — take profit 1900, take profit2 — 1864.40 Trading on m5 timeframe.
Please share with me your thoughts
GOLD has recently seen a good correction from the all time high peak onto a confluence of the support lines of various reliability. It is so far impossible to know what path will be chosen by the market, yet the overall sentiment is bullish, with the recent correction serving as a sign of health of the growth. In situations like this one, the understanding of...
Gold futures. Today's matrix for intraday trading on m5 timeframe. August 12 Hi everyone. My analysis done for my main timeframe 5m. I start from higher timeframes D1, H1 and move down to lowest m5. Gold Futures Contract, COMEX — 12-20 My trading is based on market phases. For timeframes m5: Buy 1954.80 — take profit 1998.90 Sell 1864,40 — take profit...
Here What is Going on everyone wants to know.......Why suddenly bullish & after all bearish? The price of gold experienced its biggest drop in years on Tuesday, but underlying fundamentals signal more gains ahead. Gold experienced a ‘flash crash’ on Tuesday after several weeks of massive gains. The metal is under pressure as the pandemic situation normalizes and...
after a long rally journey, gold formed bearish outside bar and inside bar combo on the daily timeframe followed by strong momentum bearish candle, from my own perspective I only sell if the price successful to breakout the trendline support structure. **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided...
Gold is currently making an adjustment. In a few I think it will fall by 1940/1920. Then my expectations are for a new record and a higher peak as if the trend of rising gold prices continues. The expected levels to reach are 2100/2150. This is my forecast for the next 2 weeks. Success!
Intraday Commodity Future Sell GOLDM SEP @55090-55140 SL 55560 TGT 54380 MACD cross over on the bearish side + TK line cross over + inchimoku cloud breakdown go short
our last trade setup on gold goes according to the plan and reached the final target (link attached below!), currently gold still on the bullish trend as we can see the price still respected the trendline support, I'm still waiting for the price to breakout not only the trendline support but also the support level 1 as well before placing any sell order. ...
Hello traders, Gold hit 2075 and I have 2 setups that I've combined into 1 idea. Looking for a retracement and then a much big move down over the week. Potential of over 1k pips if these setups play out the way I expect. Long R/R - 5.78. Short R/R - 10.13. Any questions comment below and follow for more trading ideas.
Well i think that the 3 trend lines will act as a key levels in the upcoming days And the market will go down with a huge probability if the volume confirm the new downtrend, Thanks for watching
You will learn the best place where we can trade this instrument at low risk. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my...
While the gold price looks fantastic here, the RSI is now at 85 which is historically at a very extreme level. There should be a considerable correction coming soon which will prove to be a great opportunity to open up new long positions once completed. By no means am I long term bearish on gold but it is now way too extended with sentiment also in extremes. The...
Gold played out exactly as planned and squeezed up to the 0.618 Fib Extension around $2,070 taking out all the short sellers with little to no resistance. Although I am still long GLD, GDX, SLV, I've closed out my Futures positions for $2,154.50 profit and will wait for a better swing trade setup (entries/exits linked below). Setups: 1. Continue squeezing up...
Intraday Commodity Future Buy GOLDM SEP @54880-54930 SL 54580 TGT 55460 Above VWAP + MACD cross over + TK cross over => bullish momentum may retrace to 55000-55500