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
hours and days to comeIn the coming hours or days, gold will move down after the pullback to the previous week's low and will break its last week's bottom to experience the low numbers again.Shortby Hooman-eUpdated 3
The Gold Odyssey - Here we go again!Someone mentioned to me that Gold is an asset that never loses money. I took the effort to show previously that Gold can very well do a 20% drop over a slow bleed (months) before it travels back up months later too. I also warned that Gold appears not to be able to keep properly and well above 2000-2080. Since 2020 (the Gold Odyssey series started in 2019), there is a multiyear consolidation range between 1650 to 2050, roughly. Having pointed all that out, it appears that Gold had given up the cling to 2000. Here is why: 1. There are lower lows and lower highs (clearer in Daily chart); 2. a clear breakdown of small consolidation range at 1960 support; 3. Technical indicators MACD and VolDiv have crossed under their lagging signal lines; and 4. The TDST (Green dotted line) was broken out of and with long upper tailed candlesticks reversed back to break down of that TDST. When prices are above, the primary trend is bullish. Now it reverted back to a bearish primary trend. (This is part of TD Sequential rules). Given the above, we can project that the most likely trajectory in the following months is down to 1680 (4Q2023), in a repeated pattern, for the third time, since 2020. There should be a stalling consolidation about 1800 too, so expect that. Now, for this to happen, a few fundamental things need to align... a. the USD should be rallying hard upwards; b. the interest rates should be rising too; c. inflation moderates; and d. Possibly in alignment, can expect the equity markets to be bearish. Heads up and take care! ps. some dates projecting forward are marked. :)by Auguraltrader111
Gold follow up6.22.27 The market is at a 1.272 which could be a reversal for the market to move higher. On the other hand I think it's going to move lower so I asked that question and I submit an answer. it's very important to frame your opinion about a market Looking from the distance and Looking up close. I went through the transition from the low pivot to the high pivot and everything in between, and I define the market when there were significant changes and when the market would be more difficult to assess.... and then I described how the market May transition to a more Dynamic Market because of the relationships between the support resistant line as it pertains to certain buyers and sellers.... and why this market could actually expand lower below the 1.272 and can still get to the 382 or the 50% or the 618. I know this is more than many people want. They want it to be easier and more automatic and they don't want to work very hard and if the process leads to indecision or caution they will think of that as a deterrent and not something that could be helpful. Every video I try to give A question that's not that easy to answer unless you think about it. In the end, Making a trade decision Doesn't require everything that I talked about in 30 minutes.... it's about the last final decision in this case: Do I go long or do I wait... and what's my target and what is my stop. Put your thoughts in note form... go back later to review and ask yourself Was I right and if I wasn't what could I possibly have done better for the next time.20:00by ScottBogatin115