These zones and perspectives offer valuable insights on how to trade within this area. They present opportunities for quick scalping trades, taking advantage of short-term price movements. Additionally, when the price reaches favorable trade-up zones, it is advisable to consider holding positions and potentially increasing trade size through scaling in. This...
We observe a neutral stance towards the zones on the trading view setup. These zones represent critical areas on the daily chart, indicating that we are currently in a ranging market. Consequently, it would be prudent to seek opportunities at this range's upper and lower boundaries.
Gold never gets loved... #gold #silver from 1050$ to above 1950$ WITHOUT breaking out versus SPX
Guess what the US Dollar likes? Gold out performing Copper. beware recessions and market sell offs. vix also tracks this. #gold #copper #usdollar
In this update we review the recent price action in the #Gold futures contract and identify the next high probability trading opportunity and price objectives to target
its been several days the market was undecisive and chaotic. Finally its coming to a normal shape and trend. As always, technical traders are the first to notice the moves...
COMEX:GC1! Gold Futures We have a very strong display area which is a sales area that we can rely on.
This is an analysis that I hope that it ages well, as I am starting a long term position in gold today and adding this asset to my investment portfolio. Therefore, this is not a post about an isolated trade, with a specific expiration date or focused on the short-term. In fact, from a trading point of view I have already lost some great entry opportunities,...
By March '23 gold did a strong breakout near the 2000 quote. After that, the prices did not continue to flow and stucked inside a congestion at that level. At 04 May '23 the prices tried to overpass the previous top but failed. This failure gave us a doji candle, at the previous top, a very bearish signal, and besides that, it also gave us a double top formation....
5.22.23 In this video I took a look at gold, Palladium, and oil.
Cup and Handle formed on Gold. We had the price rocket up which sent a number of gold stocks to the stratosphere in a short time. Now we have had a retracement (as expected), which is where the price will be testing a crucial level of support. It could even go down further to test the diagonal uptrend before the bounce. We need to keep an eye out on these...
Gold dip further primarily due to the appreciation of the Dollar. Price looks to retrace towards the descending trendline / 4hour - 50 EMA at around the 2000 region. If price reverses from the 2000 resistance region, price can look to trade lower towards the 1940 region. However, if price manage to trade above the 2007 region, price may continue to trade towards...
Went short 1986.3 05/17/23 and took profit at 1955.1 on the 05/18/23 realising a profit of $31.2 in swing movement. 05/18/23 opened a long position 1955.7 when the price of venus was at an angle to the same price of Mars. Lets see if we continue the trend at the beginning of next week. According to COT report of the 05/16/23, managed money are long 139,786...
5.19.23 This is the first of two videos responding to Questions from the follower. ....What triggers my trade.... Is it a thought out process that leads me to The trade.... or is it a spontaneous decision to take the trade? I took 19 minutes to give the answer. It's a great question... and I think he's asking the question from the perspective of the market.......
Gold today broke through the flag bottom at 1985, so the seasonal effect is in play. I have three targets as of now: 1947.63, the pivot point of the weekly chart flag pole; 1924.60, the mid-point of the flag poll; 1921.6, the Gann confluence line (which would also be the base of the prior flag last year). I see 1924 to 1921 as the likely target. If we had a sell...
Gold should reach around the 50% retracement (around 1842) for the minute wave ((2)) and continue for the rally ? The minuette (iii) wave should be done today or this week to regards on the momentum stochastic daily and should reverse to targeting the wave minuette (iv) Trade Strategy : The Stochastic Weekly momentum bearish reversal are made but be aware of...
Gold should reach around the 50% retracement (around 1842) of wave ((3)) and continue for the wave 5 of 5 ? Trade Strategy : The Stochastic Weekly momentum bearish reversal are made but be aware of the Stochastic daily, the momentum bullish reversal it's near to the OS (Oversold), so it should be sideway to down for a couple of days before the momentum trends...
5.17.23 This video Takes a look at coffee, Gold...And some top trade decisions.