Gold Rose 20% in Eight Weeks, Then Eased. What Its Chart SaysI recently covered Bitcoin's chart and two readers basically asked me to please do gold COMEX:GC1! next. Let's get started.
Gold's Fundamental Analysis
Like Bitcoin BITSTAMP:BTCUSD and some other alternative assets, gold had a terrific June into August.
The metal rose some 20% from its $3
Gold Futures
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General info
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.
GOLD where to take next trade?GOLD played out our 2 previus plans way better than i expected
2
at this moment price reached key reisitance area
still i think better short would be at $4581 - $4597 because of big volume in clusters
i personally wait for re-test of that area
long best at swing anchor vwap at $44 61
GOLD - long plan GOLD - long plan
after such big drop
we had significat sellers absorbtion at 4332 - 4340 area
big chacne for some pullback
while price is above daily vwap - there area big chance for local rise toward LVN ask (imbalance)
also swing vwap is there big chance to test it
best cofirmation for
GOLD long plan GOLD long plan
price flipped daily vwap
that's why at vwap i will take long trade
key goal $4500 area
what would be my confirmation
best is big delta absorbtion at vwap or some big trade
also remember that the price is ina range and it easely can taek lower levels before real rise
that'
GOLD: Short Term Bearishness Selling Into Weekly +FVG! Be Ready!In this UPDATE to the Weekly Market Forecast, we will analyze Gold for Wednesday Sep 2nd.
GOLD: Still facing bearish pressure and heading toward discount prices, and a Weekly +FVG.
Markets are reacting to a firmer dollar following hawkish Fed commentary. Friday's U.S. Nonfarm Payrolls (NFP) repo
AI Says #2: $GC1! fluctuates: What's the read on price action?About this series of articles
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The core research in this series is developed using TradingView’s AI Copilot. While it's tempting to use AI to predict price action or pick trades, some of the best use cases for AI is to support chart research & analysis, idea & strategy tes
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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 4,446.4 USD / APZ — it has risen 0.19% in the past 24 hours. Watch Gold Futures price in more detail on the chart.
The volume of Gold Futures is 118.78 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 319.34 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 neutral, 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.









