GOLD BREAKOUT - UPSIDE OR DOWNSIDE?Price is compressing near the trendline + technical bounce zone, indicating an impulsive move is coming. Watch for confirmation.
Bullish Breakout
• Buy above: 153,600 (above falling trendline)
• T1 157,800 - T2160,000
• Invalidation - below 152,000
Rejection & Breakdown
• Sell below: 152
Gold Futures
No trades
About Gold Futures
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a fiat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
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Micro Copper
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Minimum fluctuation:
0.0005 per pound = $1.25
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Bearish ABC Extension toward 127.2% Target | High RR SetupOverview
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Technical Breakdown
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See all ideas
Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of Gold Futures is 5,006.6 USD / APZ — it has risen 1.04% in the past 24 hours. Watch Gold Futures price in more detail on the chart.
The volume of Gold Futures is 58.01 K. Track more important stats on the Gold Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Gold Futures this number is 283.42 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Gold Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Gold Futures. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Gold Futures technicals for a more comprehensive analysis.









