The black curved line on the chart is called a "parabola," as in "parabolic rise." A parabolic rise tends to lead to a very strong correction. The only way to sustained a parabolic rise is... Well, it is impossible, the Gold market fluctuates between up and down. The peak, ATH, happened on the 8-April weekly session. This session ended with a long upper shadow...
On Tuesday, the price of gold stabilized as mounting geopolitical tensions spurred demand for the safe-haven asset. Escalating protests against Israel’s presence in Gaza, Russia’s initiation of a new conflict in Ukraine, and concerns regarding potential disruptions in global trade have heightened the perception of geopolitical risk. The decision by BRICS nations...
Good Evening, I hope you had a great weekend and you are well. overall market comment Very slow and range bound trading day in most markets, so only a short update today because my nothing in my weekly premise changed today. gold comment: Market is forming a triangle and since we are near the low, bulls are expected to buy it above 2312 to not make lower...
Good Evening and I hope you are well. Gold comment: Strong buying today and bulls made a higher low and higher highs. Please have a look at my chart, which contains my next best guess on what could happen. 2375ish has enough targets to be a magnet above but I don’t think we can get there without a pull-back. A retest of 2448 is still very possible. current...
COMEX:GC1! “Persistence can change failure into extraordinary achievement.” -Matt Biondi I believe that we are going to be able to catch a nice HIGH PROBABLE SHORT here on GOLD very soon...Being that price is currently trading inside of this Daily Supply and even clearer the Mitigated 4Hr SUPPLY ZONE!! I'm going to wait patiently for PA to continue to develop...
Gold Futures, it's nice to see a strong buying reaction at the price of 2343. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. The S/R zone from the...
2258 support held, but 2340 is now offering resistance. We have Buyers pushing the prices up for sure, see the GREEN UMVD started last week. We have gREEN Bars but TrapZOne is still RED>
5.10.24 This video focuses on reading price action and patterns mostly on the dxy but then we took a look at gold which is a bullish market. I will try to do a video on Saturday to look at silver which I didn't get to on the video. I'm not not so sure we're at this point yet but at some point if the metals keep on going higher the silver is going to go a lot...
Our gold anaslysis played out very nicely after the triangle formation, breakout and then run up to the first target at $2,236. Now we have a new formation in the making - W FOrmation. I do believe we will get some sideways movement to create equilibrium and prepare for the next run up. So as long as the price is above the 20 and 200MA - it's good to go! My...
*ONLY MAJOR LEVEL* also refer yesterdays level if Sustain above 2365.3 then bullish then 2375 then 2383.1 then 2395.3 to 2399.4 then 2411.8 to 2417.1 then 2420 then 2420.9 above this more bullish if Sustain Below 2360.3 or 2358.2 below this bearish then 2346.3 then 2338.2 to 2324.1 below this more bearish Consider some buffer points in above levels. Please...
This trade set up call SNRC that use previous resistance as support when price break above and comeback to retest I backtesting this trade set up with Python using 720 day price history data so you can see the optimization heat map this is 58% win rate with 2RR trade set up
Technical Momentum Strengthens Gold Futures hit an all-time high in 2024 at $2,448 on the June futures contract on April 12. Since then, futures have corrected; however, gold remains firmly above the rising 50-day moving average at $2,294 and well above the 200-day moving average at $2101. The technical perspective shows momentum studies increasing, with the...
if Sustain above 2343.9 then 2347.1 then 2351.1 to 2352.3 then 2355.4 above this bullish then 2358.4 then 2362.4 to 2363.7 then 2366.9 above this more bullish if Sustain Below 2340.8 or 2339.9 below this bearish then 2335.9 then 2332.4 then 2329.3 to 2328.6 below this more bearish Consider some buffer points in above levels. Please do your due diligence...
I observed a bearish flag pattern on the 15-minute timeframe (TF15) for gold trading. After noticing the price break below the lower boundary, I entered a short position during the first pullback, targeting significant resistance for a short swing trade. On the 4-hour chart (TF4), one can also consider shorting based on the price pattern illustrated in the...
As we witnessed gold price failed to hold ground and got rejected multiple times from the resistance region of 2335.00 to 2342.00 to 2310.00 area. On chart it is clearly visible that price is heading to test the green support zone of 2278.00 to 2288.00 where SMA 200 also provides an additional support. Bullish trend is valid till the price of Gold is stable above...
The gold price should retrace a good bit further within the framework of the orange wave iii. Then, a small countermovement should set in, which, however, should be quickly followed by a further sell-off. After the end of the blue wave (i), we expect a (corrective) rise.
COMEX:GC1! "Excellence is not a singular act but a habit. You are what you do repeatedly." -Shaquille O'Neal Yo Family I hope all is well. Here i'm going to lay out a few different reason why we may be able to CAPITALIZE SHORT this week on GOLD... This is what we do and we highly skilled at it too... Let's vibe out!! I study the DXY very very closely as it...
- Quite a run on gold - Left a lot of inefficiencies behind 2 potential targets annotated on the chart Gold can take its sweet time to accumulate shorts This week will be interesting, potentially choppy