Title: Gold Futures ( GC1! ), H4 Potential for Bearish Continuation
Type: Bearish Continuation
Resistance: 1881.6
Pivot: 1864.8
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...
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
Title: Gold Futures ( GC1! ), H4 Potential for Bearish Continuation
Type: Bearish Continuation
Resistance: 1881.6
Pivot: 1864.8
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...
The 2 key reasons why gold keeps rising it is because
1) Gold is an inflation hedge asset
2) Gold is a currency hedge asset
Content:
• Gold is still an inflation hedge instrument
• Gold is also a currency hedge instrument
• How to invest & trade in Gold?
CME Micro Gold Futures
Minimum fluctuation
0.1 = $1
1 = $10
10 = $100
100 = $1,000
Disclaimer:
• ...
Title: Gold Futures ( GC1! ), H4 Potential for Bearish Continuation
Type: Bearish Continuation
Resistance: 1877.7
Pivot: 1864.3
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...
As mentioned on our previous post, since the prior movement was sharp, we expected a retracement towards 1900 or consolidation last week played out as per what we expected.
Gold retraced towards the 1900 in a consolidation movement before ending lower at 1873 which is also a support region. If this support does not hold, we can potentially see more downside...
Gold in INR terms touched an all time high this month.
The chart patters indicate that an explosive move is going to play out.
Cup & Handle also points to a Year end target of Rs 61,000.
Title: Gold Futures ( GC1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 1902.3
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...
Title: Gold Futures ( GC1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 1902.3
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...
as we see we excepect the movement to go up a little bit then price will go down . i preferred to enter in 1890 because i'm not sure if the price will go . my plane is it will go down but if it doesn't . let your risk management protect you
Although Gold is gaining more stability while tapping sideways, it should work on its upwards momentum to carry on with our primary scenario. In this case it would rise up to the orange target zone to complete the orange wave iii. After completion, the orange wave iv should push the Gold back into a correction. In our alternative scenario with a probability of...
