High probabilty for buying gold futures in the next few daysAccording to my graphical analysis of the Gold future , there is a high probability of an increase towards up , so i will let you know when is best time to do that thanks in advance. by Azer332
gold long from contracting formationgold long from contracting formation 1:1 move to 2.16kLongby zergburUpdated 0
Gold continues sideway below $2,000Gold continues to consolidate at the 2000 resistance point. Opportunities can be identified if the 2000 resistance is breached, where price can potentially head towards 2040 region. However, if the 1940 support is breached, price can potentially can head towards the 1900.by TrainingTrader1
Gold longBuy: 1998.6 or lower Stop: 1992 Notes: Gold at cycle highes so far lets see if that continues The model: The Ingenuity Trading Model is a Geometric Markov Model with specific inputs related to Price, Time, Volume , and Volatility. The model attempts to predict local minimums and maximums in price on a daily and weekly basis. A fancy way of saying a trading system that detects specific patterns in price, time, volume, and volatility and indicates whether to buy or sell. On winning trades after 1 day take at least ⅓ of the position off and move stop to breakeven Longby IngenuityTrading332
Gold Testing New Highs!Gold has been on a tear since the March lows, where we saw a bit of a double bottom, and have rallied out above the significant resistance level near 2000-2003. As we’re seeing Crude oil rip higher here today up over $4, there could be implications with the FED and their assumed rate hikes, and after this move in Crude, the probability of a 25 basis point rate hike rose from 48.4% to 58.3%. Another development to keep an eye on is the dollar testing a major support level going back to February of 2022, and a break below here could be a strong catalyst for Gold and the other precious metals to move higher. If you are bullish on Gold, look for the market to take out the recent high near 2014-2016 on a closing basis, and on the support side keep an eye on the 1939.2 level to potentially look to scale into the market on a pullback. by Ryan_Gorman2
classic ascending triangleGold is really starting to squeeze here inside the probable continuation pattern.Longby DollarCostAverage1
$XAUUSD is testing the channel upside resistanceThis is a strong upside resistance zone 2010-2020 and the instrument $XAUUSD is within the rising wedge as the situation is looking quite bearishby ewaction1
The Gold Odyssey - incoming, but wait...Ended the previous post on The Gold Odyssey (27 Dec 2022) with: So heads up, watch MAy 2023 for Gold prices to rally. Indeed the Down and then Uppish happened. Now, with the monthly chart, we find gold again at the border of the Constipation Box and people are getting all excited about it. I had questions about my views so I started to relook, a tad earlier than I really should (remember May 2023?) So, this chart was actually in response to someone who said that "gold always goes up" in conversation. I did not think it is "always" so I looked into the longer term and viola... The Constipation Boxes. Long term retracements can be 20-50% from peaks, and $300-400 multi-year ranges are observed. Therefore, it is opined that Gold buying should be closer to the bottom of the ranges (eg. 1 Nov 2022) or at least when technical indicators are more aligned and on your bullish side. IF you trace back, I bought Gold on 29 April 2019, two weeks after Trump launched the trade war of sorts. And released all Gold holdings on 9 August 2020. It has been a bit of a wait to get into a similarly bullish situation... The previous month closed nicely bullish, but it appears to be a little too close to the upper range, even though the technical indicators look like a bullish turnabout. Furthermore, the past three months appear reminiscent of a Bearish Sandwich Stack candlestick formation . So, let's just say that this is either 1. an imminent very bullish breakout; or 2. a bull trap to return back within the box for the next launch (possibly from about 18##) Am more inclined with the latter personally, but that's just me and my overall observations. Still maintain as per previous Gold Odyssey conclusion. by Auguraltrader7
GCM3 High: 2016.00 Low: 1957.00 SidewaysWeekly Kickoff levels are longer timeframe levels where we believe longer time traders will adjust inventories.by TopstepOfficial0
GC1: Sell ideaOn GC1 as you see on the chart we have a sell idea because we have the breakout with force the vwap and the support line.Thanks!Shortby PAZINI191
Gold Futures Symmetrical Triangle. no TRADE at the moment wait for for on either side but the probability is high towards the upsideby SMS141
Gold bullish trendAccording to my graphical analysis of the Gold future , there is a probability of an increase towards the 1998 $ level in the next few days .by Azer331
GC1: Sell ideaSell idea on GC1 as you see on the chart because we have the breakout of the vwap indicator.Thanks!Shortby PAZINI191
GC1 shortgold is bearish as per the levels shown in the chart it will rise up till the previous hihs and that will be the best time to short - please use small small qtys to take the short . swing high +0.30 should be the stoploss . Shortby hb17811
Gold setupBuy: 1958.7 or lower Stop: 1944 Notes The model: The Ingenuity Trading Model is a Geometric Markov Model with specific inputs related to Price, Time, Volume , and Volatility. The model attempts to predict local minimums and maximums in price on a daily and weekly basis. A fancy way of saying a trading system that detects specific patterns in price, time, volume, and volatility and indicates whether to buy or sell. On winning trades after 1 day take at least ⅓ of the position off and move stop to breakeven Longby IngenuityTrading2
What would happen if Russia pegged the Chinese yuan to gold?If Putin goes ahead with pegging the Chinese Yuan to gold instead of the US Dollar a number of things can happen. Factor #1: US Dollar will be challenged This will for the first time, challenge the US dollar's status as the world's dominant reserve currency. People may look to invest elsewhere, which could cause instability. Factor #2: Domino effect There could be an effect where other countries may follow suit and start pegging not only YUAN but maybe even their currencies to gold as well. Factor #3: Yuan could be the next reserve currency This move could be the start of Chinese yuan’s step to power and control. It could get to the stage where the value of the yuan would be determined by the price of gold, rather than the value of the US dollar. Factor #4: Demand will pick up and other countries will hold gold This move could result in countries increasing their gold reserves, which could lead to a further increase in the demand for gold. The demand for gold would increase, which could drive up the price of gold in the short term. Factor #5: Bad for the US dollar The US dollar would likely depreciate against other major currencies, such as the euro and yen, as investors shift their focus away from the dollar. The US would face increased competition in international trade, as other countries begin to use the yuan as a reserve currency instead of the dollar. Factor #6: More power for China China's economic power would increase, as it becomes more closely tied to the global gold market. Factor #7: Strong partnership between Russia and China Not only will Putin and Xi be making more crepes together, they will also be making more gold. The move would also strengthen Russia's position in the global financial system, as it becomes a key player in the gold market. Factor #8: The shift of the New World Order The stability of the global financial system would be threatened, as it adjusts to a new world order with a different reserve currency. Also the move could lead to increased geopolitical tensions, as countries jostle for position in a new world order dominated by gold instead of the US dollar. Have I missed anything? Educationby Timonrosso224
Gold Drawing XABCD GOLD if XABCD pattern drawing work than we can see huge Downside mcxgold. Already best shortsell Zone we saw 60600 60750 target can we see 58700 56800 to 53800+++ Best BD point 57900 58500.Shortby JAIMATADUpdated 0
Gold MCX 56000Gold if Break n sustain below 57900 than we can see more down side 56000. SELL on Rise best options on present scenario. Already Comex our view same as Shorting Zone was $1999 2020.Shortby JAIMATADUpdated 2
⚡️GDM3 analytical review⚡️ Currently, the instrument is in a medium-term uptrend 📈. The current market strength on a scale of zero to one hundred is 42.4. Buying 🔼 is recommended. At present, the instrument is trading within a descending channel, with the lower boundary at level 1934.5 and the upper boundary at level 1986.1. Considering the local trend, speculative long and short trades on rebounds from the channel boundaries are the most preferable. As for medium-term positions, currently, it is only possible to consider buying on rebounds from the lower boundary of the channel and after the price is fixed above the upper boundary. Medium-term short positions 🔽 can be considered only after the price is fixed below the level of 1966.1 and goes below the channel boundaries.by FinTechMe4
Gold should test critical level Strong resistance of two time frames should be tested next week. Strong support 1977-80 Still long from last week low Longby BoccaLupo111
Gold consolidating at resistance level The 2,000 resistance region that we indicated last week proves to be a strong resistance as price attempts to trade above the resistance multiple times but failed. However there is no strong price reversal yet as it continues to trade around the resistance region. Any breakout of the 1975 minor support can push price towards the 1940 key support region. If the 1940 key resistance is breached, it can be the initial sign of a big reversal.by TrainingTrader2
GOLDIt has broken out the base and retest the breakout zone once. I am again expecting it to touch level of 56100-56300. There is also a gap. It may be possible that it may not come back here and it will be run away break. Let's See. Previously it has come near to breakout trendlineLongby YS91