London setup London will create the low of the day & NY session will be a continuation of London session today with greater portion of displacement.
Contract highlights
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GC UpdateGold and silver appear to be stalled out right now, waiting for MFI to hit oversold.
Sucks they hit the sell button right before open, I was carrying EWZ (Brazil) calls overnight. Their market opens before the US, it was up big then reversed when futures went down. Brazil stock market tends to mo
GOLD (XAUUSD): bullish-Neutral! Prepare To Buy!In this Weekly Market Forecast, we will analyze the Gold (XAUUSD) for the week of Dec. 8 - 15th.
Gold closed last week indecisive. It has been moving sideways inside a bullish FVG, that continues to act as support.
Prepare for a short term pullback.... and buy it.
Mindful that FOMC is Wednesday,
Silver now at $58.Way back in mid 2023, before gold and silver broke out.
I suggested silver (was $24) tracks gold's performance vs inflation.
Silver now at $58.
Triple Top - Double Bottom. Go Next Golden Shift4200 for a potential reload (supply area). 4300 - to take it more bag.
Looking to buy GCGC fell on Friday leaving inefficiency above. 4H closed bullish with expansion candle. Looking to buy from 15M engulfed candle (order block). Going for bit more than 2R. 4H candle high is the first target
Gold Weekly Playbook: Key Levels, Scenarios & Sentiment Triggers1. Macro Update
Gold continues to trade within a macro environment defined by shifting rate expectations and evolving recession probabilities. With the Fed maintaining a data-dependent stance, the market remains highly sensitive to inflation and employment prints. Cooling inflation supports the ca
$GC, Gold: In Wave 5 upCSE:GC , Gold: I count it as having finished (IV) waves and we're in 5 of Wave (V). This wave can take us to $4900. A substantial correction follows after that, if this count is correct. However, the 5th wave can extend so we'll see how the technical indicators appear after reaching the 5th wave tar
GC UpdateIndicators and trend looks bearish for Monday.
I flipped my GLD calls in the morning, a bit early because I had a meeting to attend. It was a good day to be early than late though, lol.
No position. Not sure if it will go down enough to make any money off puts.
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The nearest expiration date for Gold Futures (Jun 2015) is Jun 26, 2015.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Gold Futures (Jun 2015) before Jun 26, 2015.