Gold chartHere you can see MCX Gold 15 Min chart on the Gann overlay. In this chart, you identify the remarkable point for the future. by LavnyaInvestments3
WHAT'S GOLD DOING ? GC 4H Hello traders, this week maybe interesting in gold, looking at the 4H chart, it still consolidating in after it found its support at around 1912, strong mouvement to the last trend line of the pitchfork and the bleu resistance area, where it got rejected with an interesting volume in both. for me i only buy gold, therefore i am searching only for strong buy signals. keep you updated when i see one.by ZadoTrading012
Gold - When A New ATH Prints, Will You Get Trapped?It's not that I am fundamentally bearish on gold. Actually, I am fundamentally bullish on gold. But it's because I think the fundamentals of gold are bullish that this commodity is not bound to pump while the MMs have tipped their hands that they're going to sell Artificial Intelligence and Chinese Communist Party garbage to a willing horde of retail zombies and dead money hedge funds. And so if gold is really to return to relatively significant lows, like say $1,500, the purpose would be accumulation for $2,500 and $3,000. And if that's to happen, with the way the last three months of price action has been, the gold MM, which is really quite a shark, is extremely unlikely to allow the funds and retail cowboys who have been short under the triple top ATH at $2,089 to enjoy the ride down with them This monthly is too obvious that new lows aren't going to come before the highs are purged: And the weekly shows that the $1,936 dump rebalanced the gap created by the big March candle. A significant calculation in the markets is rumors that came out on Friday that the CCP would be pumping some QE to save its crashing markets. This news came on the back of names as big as Elon Musk, Jamie Dimon, Henry Kissinger, and Condoleezza Rice either traveling to the mainland for the first time in years or attending virtually, along with the Starbucks and Pfizer CEOs. So what's going on, if you ask me, is that the Party has once again been given a blood transfusion, and that blood transfusion may be in exchange for that gold it spent the last several months buying. This would naturally mean that gold would pump so it can be sold at high prices and bought back even lower, with the dual purpose being that it would cripple the CCP's gold reserves, which are loaned on leverage. Whenever you hear someone barking about how strong the CCP is, or worse, if they conflate "China" to "the Chinese Communist Party," you need to take a step back and ask yourself how a country whose lost tens or hundreds of millions of people to a pandemic it's still doing everything it can to cover up could possibly be strong. It's not that the CCP is going to invade Taiwan. It's that NATO and the other global factions are thinking about how they can take over Beijing via Taiwan when the Party falls in the imminent future. The persecution of Falun Gong by the Jiang Faction and the Communist Party itself in 1999 wasn't and isn't Xi Jinping's fault, but as the Party Chairman, his head hangs in the noose for this crime, a weakness that anyone can exploit at any time to get rid of Xi and the Party at the same time. But the problem is that a lot of the western world and Europe and other countries have participated in the persecution, which has targeted 100 million spiritual practitioners and gone so far as to commit the sin of live organ harvesting. And so this means that the situation in China is Mutually Assured Destruction, a real Game of Thrones, and ultimately the Heavens are playing them all for a fool together. So, here's the trade: Expect the $1,936 pivot to hold. (But $1,920 will also work) Buy really here or anywhere under $1,950. Be patient and don't get scared Sell $2,150 Collect 7-12% Buy wine and whiskey and treat your friends Now the kicker is that shorting gold at $2,150-2,170 will be a really good trade, but for the bear case to really apply you want to see a liquidity purge and distribution, rather than a sweep. Like, you want to see a wick or tweezers form on monthly bars, but you want to see gold spend some daily and/or weekly candles distributing and getting knocked down and trying again and getting knocked down over $2,100. Otherwise an ATH that doesn't show signs of having its fever break can go quite literally anywhere, although the macro and timing does not currently make sense for this to be the case at present. One of the best ways to play this is in the GLD ETF. Calls when it trades to about $178.5 with at least 3 months on the contract will print a lot of money closing over $200 if my trade is correct. I can only tell you that the world is in trouble. A bull impulse when breadth is poor, macro conditions are poor, the timing doesn't make sense... all of them should be causes for alarm. One day these distractions won't be maintained anymore and there will be significant problems we all have to face outside of the computer in the real world. To make it through that, you have to be a good person, cultivate virtue, and go back to valuing and maintaining our traditions again.Longby LordWrymouthUpdated 4417
low momentum on previous resistance strong break up through resistance now retrace 50% fib. previous resistance now become support also if you check momentum indicator like MACD you will see bullish divergence Longby tofinse0
possible correction before going to the upsidegold has a weekly gap at 1870 and a strong support at 1815 also the macd shows a potential downside of 4-5% based on the above technicals mentioned inflation on may rose 0.1% which will strengthen the DXY index , and historically speaking they have an inverse relationship with the gold price. dollar will be weak gradually and slowly when the inflation records 3% or lessShortby fghareeb5
Gold at a interesting juncture, which way now?Gold is at an interesting junction again, are we going go to hold the $1900 area and retrace or is this a more substantial bottom? It's very tough nowadays to anticipate what the outcome will be because the market seems to be adopting not too many traditional norms. So technically, it seems to have met a short-term objective around the $1900 area (38.2% retracement) and the weekly candle pattern highlighted has played out higher in the following weeks. I have highlighted the previous occurrences. For me, I was always targeting $1905, so I will monitor for buying opportunities but a failure could see a deeper move to the $1850 (the 40% retracement point) area. we could be settling into a $1900-$2000 range? Longby MarkLangley2
Gold's 12-Year Cup & Handle Pattern Signals New All-Time Introduction: In the world of technical analysis, patterns often provide valuable insights into the future price movements of financial assets. One such pattern that has recently caught the attention of gold traders is the 12-year Cup & Handle formation. This classic pattern, characterized by a rounded cup shape followed by a smaller handle, is pointing towards an imminent breakthrough for gold prices, potentially propelling the precious metal to a new all-time high of $2,800. Body: Gold's journey over the past 12 years has been nothing short of remarkable, with several major price swings and prolonged periods of consolidation. This price action has created a massive cup formation, suggesting a long-term bullish trend for the precious metal. The cup portion of the pattern represents a period of accumulation, where investors buy gold at various price levels, creating a strong support base. Following the cup formation, gold entered a period of consolidation and formed a smaller handle. This handle acts as a pause or a temporary retracement within the overall bullish trend. It represents a period of price consolidation, as investors take profits and new buyers cautiously enter the market. Now, as gold's price approaches the upper boundary of the handle, technical traders are closely monitoring the potential breakout above the resistance level. This breakout, if confirmed, would complete the Cup & Handle pattern and signal a significant shift in the gold market. A decisive move above the handle's resistance would indicate a renewed wave of buying interest and could ignite a powerful rally towards the projected target of $2,800. Several factors contribute to the bullish sentiment surrounding gold's potential surge. Geopolitical tensions, inflationary pressures, and global economic uncertainties continue to drive investors towards safe-haven assets like gold. Additionally, central banks worldwide have maintained accommodative monetary policies, which have historically supported higher gold prices. Conclusion: Gold's 12-year Cup & Handle pattern is a testament to the enduring allure and strength of the precious metal. As the price nears the upper boundary of the handle, traders are eagerly anticipating a breakout that could lead to a new all-time high of $2,800. While technical patterns are not infallible, they provide valuable insights into market sentiment and can guide trading strategies. As the gold market evolves, it will be intriguing to see if the Cup & Handle pattern manifests its predicted outcome, potentially fueling a renewed wave of optimism for gold investors.Longby enztrtader1
GC1!: Expecting Bullish Movement! Here is Why: The analysis of the GC1! chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers. ❤️ Please, support our work with like & comment! ❤️Longby UnitedSignals101061
OH MY GOLD Hello traders, GOLD (GC) has a super interesting setup, we broke the last trending line of the Pitchfork, and retested without success. And we can see that sellers got rejected with volume at the support 1913, today s session will decide. Be careful, i think gold will skyrocket whatever its doing right now, be prepared. GOOD LUCK.by ZadoTrading01335
Gold India Price, may face downside Resistance at 61.8% FibGold India Price, may face downside Resistance at 61.8% Fib. As per Daily Ichimoku Price will go in downside. Both Base line and conversion line are below cloud & Chikao span is also free from cloud downside, Suggesting strong downside moment.. Need to wait at 61.8% fib resistance to confirm if price will more downside or it will take fib resistance and move upwards.by bonnyd8252
Follow up on the gold tradeI felt I had to do another video because a traitor was taking a short position when I would have been long. I was thinking like a buyer and I didn't look at her entry even though she gave me enough information And in retrospect if she had Shorted at the 382 That's a reasonable trade to go short. It is worth following the thinking. 10:04by ScottBogatin5
Buy signal on gold and silverShortly after the last video gold and silver moved to the next 4-Hour bar and on both markets the chart gave a two-bar reversal pattern to go long. It doesn't mean you should go long... it's a reversal pattern not a commitment. But I wouldn't short A reversal pattern that triggers a long trade. if I did that type of trading I would have to use much larger stops because I'm almost guaranteed to have a drawdown if I counter trend the reversal.09:52by ScottBogatin6
Gold Near Support?Gold and Silver are getting hit to the downside this morning with jobless claims coming in softer than expected, continuing the downtrend for Gold since the highs from May. The Chinese Yuan weakness has been a major headwind for the Gold market since those May highs, but there is some strong support down near these levels at 1907.9 that the bulls will look to defend. A break and close below here could add more selling and send the market down lower near 1869-1875.by Ryan_Gorman112
#Gold #XAUUSD H4 Trading The ABC PatternIn this update we review the recent price action in the Gold futures contract and identify the next high probability trading opportunities and price objectives to target *Past performance not indicative of future results01:10by Tickmill3
Bearish Gold Gold is trading in a bearish trend,im only searching for sell setups to avoid trading against the trendShortby idgexclusive331
Gold zones for tmwGiving yall the sauce on whats boutta go down tmw wdaoijawoijdawjojoiawdjioawdjoiawdjoijadwoijoiasjioawdjoiawdjiowadjoiawojiwajiojoiwadjoiwdajoiawjoidwadjoiwdajiojoiawdjoiwadjoiwadojiawdjoiawdojiwdaoijawdjoiawdojiwadjoiawojwadjoiby adityaswam081
No reason to buy GOLDThe under going C wave of ABC zigzag correction may push the price of GOLD to drastic down Falling crude price, rising stocks, are the main reason India is started its sowing process which is also a diminishing factor The Fibonacci targets are shown Shortby selvamB2
Gold Mcx for Sell till 14 August 2023Sell Position in MCX Gold: Entry Price: Market Price (at the time of execution) Target 1: Around 57,100 Target 2: Around 55,000 Stop Loss: 58,900 chart Time Frame is : 7 hours Entry / Exit Time Frame: 2 hours Reason for the Trade: This sell position is based on the analysis of the supply and demand zone, as well as the market being in a downtrend. The supply and demand zone indicates areas where the market has historically shown a strong presence of sellers. By identifying a supply zone, we anticipate that selling pressure will likely increase, leading to a potential decline in price. Additionally, the market being in a downtrend further supports the bearish bias. A downtrend is characterized by a series of lower highs and lower lows, indicating that the sellers are in control and that the overall sentiment is negative. Notice for Safe Traders: For safe traders looking to hold the selling position, it is advisable to trail the position with a 9-period exponential moving average (EMA). The 9 EMA can serve as a dynamic level of resistance, helping to identify potential reversals or weakening of the downtrend. It is recommended to exit the trade once the price breaks above the 9 EMA. This would suggest a potential shift in the market sentiment or a weakening of the selling pressure. Please note that trading in financial markets carries risks, and it is essential to conduct your own analysis and consider your risk tolerance before entering any trades. This trade suggestion is based on the information provided and historical price patterns, but there is no guarantee of future performance. It is always recommended to have a well-defined risk management strategy in place.Shortby imrahulshah27
Short trade for the ES6.27.23I was asked if the ES was a good short trade...And I think it is... so I framed it.17:50by ScottBogatin4
GC - LnngPrice is GC is in a demand area inside a descending triangle. I expect price to retest the most most impulse move lower near 1960 before continuing lower to 1920Longby RayTroundayUpdated 114
GC1!: Bearish Continuation is Highly Probable! Here is Why: The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too. ❤️ Please, support our work with like & comment! ❤️Shortby UnitedSignals121211
$GC1! Let's SHORT GOLDAlright. Here we have it. A beautiful set up for a lovely short. I believe gold is still in Selling Climax, I expect it to clear liquidity at 1888 region before retesting and getting a leg up into the 2k region. This call is rough a week or two. Plenty of RED ASS OBs waiting to get hit. Frankly, I see a short happening at 1950 but, I'm fairly confident of the lower R:R by pushing that to 1980ish. With Fib pulled over, 1980 is our favourite 0.618 region, if our signals indicate a strong sell and buyer momentum decline, we have ourselves a beautiful pristine, shiny, ornamental short. Will update once I'm in. Limits won't be set yet. Also, one reason why I don't expect a drop below 1888 is because of the chinese. We love the number 8. I'm fairly confident in my peoples nature to throw money at the number 8s of the world. Have a great night ladies and gents. Shortby bradleyzander3
Gold is ready to tumble to $1,810 before the riseIf you haven't followed my analyses for the last 15 years. You'll know, I am a BIG gold bull. Yes I know gold hasn't performed as well as it did in the 50s, 60s, 90s etc... But it's the tortoise of commodities with the algorithms, the exposure in longs and shorts and with the greater variety of safe-havens. But Gold will eventually head up to $100,000 eventually. It's a waiting game. For traders however, there is a short opportunity for downside which looks juicy on the radar. We see an Inv Cup and Handle on the daily. The price has broken below the brim level, and there is a current test on the resistance. It could even break above the brim and head and test the downtrend line. But right now the opportunity is leaning more to a short and downside to come. Other indicators confirm. 21>7 Price>200 (Price heading to this level) RSI<50 and lower highs (Sell divergence). My first target is down to $1,810 then we will re-evaluate the next opportunity. Shortby Timonrosso4