Micro Gold is currently in the middle of the curve. The trend is currently down and we've been selling off for the past few days. Selling at the supply zone and buying back at the 1 hour demand zone that price went into quickly Sunday evening. Price is telling me it will go further down till that zone and then rally up.
EDIT
price is in a 4H demand zone. look to buy!
Title: Gold Futures ( GC1!), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 1975.2
Pivot: 1917.7
Support: 1836.9
Preferred Case: Looking at the H4 chart, my overall bias for GC1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Expecting price to possibly drop towards the support at 1836.9, where...
COMEX:GC1!
At support and consolidation on lower tiimeframes
Trying to move up. can see towards 1900-1920. needs to break above that channel
POC still waiting to be tested up above
Gold experienced a sharp reversal from the 1963 resistance region and closed the prior week with a strong bearish bar which we have been anticipating for several weeks now. However will this mark as a reversal or just a retracement?
As the downside move is extended and lies at the support region of 1880, expect some retracement towards the 1900 region or...
- Gold strength in synch with Dollar-weakness
- 2022 distribution-pattern seems completed
- M (double top) follwed by 3 impulses lower done
- Q4-22 started with W-pattern follwed by first impulse up
- Rotation higher is in line with seasonal expectations (strength in NOV/DEC/JAN/FEB)
- COT: Institutions are accumulating longs while distributiing shorts, this is...
2.4.23 I spent a lot of time Looking at coils.I wanted to look at the gold and silver to compare how they were moving versus the dollar. I'm embarrassed to say I'm not sure if I talked about silver on this video. I can't check it out without destroying the video and I don't want to spend extra time redoing this video. so after I post it, if I see I didn't talk...
Hi guys
Diagram from my point of view: Mr. Nobody
The gold market is a wave 1 and 2 that was clear, the important thing is whether this cycle has ended, is it the third wave???? If it is, it should not enter the territory of wave one, otherwise it is invalid
There are other possibilities, for example, another 1 and 2 wave. . . .
But if gold is in an upward...
comex future contracts have been in a reaccumulation pattern for a couple years, with a wide range. the volume spread analysis and general price action points to bullish accumulation of comex positions. if gold moves the miners will move with force. if you want extra alpha buy miners, and stay out of the futures space, unless your writing contracts. their is no...
Title: Gold Futures ( GC1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 1975.2
Pivot: 1912.5
Support: 1836.9
Preferred Case: Looking at the H4 chart, my overall bias for GC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. Expecting price to possibly drop towards the support at 1836.9, where...
In this update we review the recent price action in the Gold futures contract and identify the next high probability trading opportunity and price objectives to target
