gold daily chartBefore you get a 10, 20%, or even 30% drop for #gold, you'll see damage done on the daily chart first.
Step by step.
About Gold Futures
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a fiat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
Gold: Destination Reached 📌The gold price has now reached the levels at which we expect the high of the orange-colored wave c and thus of the turquoise-colored wave B. We anticipate that the price will turn around and then sell off sharply. After all, we consider the current rise to be merely corrective in nature.
Gold COMEX Future - Intraday Levels - 10th April 2024Levels recorded at 6:40 PM IST
As per my analysis around 2372 is an important level.
if Sustain above 2372 then 2379 then 2383 then 2395 to 2396 or above this bullish then 2419 to 2421
if Sustain Below 2372 then 2365 then 2349 to 2348 or 2346 then 2339 below this more bearish then 2333 to
Gold will continue to rise next weekGold technical analysis: The trend of gold is still too strong. The five trading days this week are in the process of constantly setting new highs, and the strength of the market retracement is very small. Even if the daily line closed negative on Thursday, and at the same time, the negative line on
Gold COMEX Future - Intraday Levels - 15th April 2024Levels recorded at 6:50 PM IST
if Sustain above 2350 then 2365 then 2374 above this bullish, then 2397 to 2399 then 2417 to 2423 or 2429 and last stop would 2447 above this more bullish then
if Sustain Below 2350 then 2333 to 2324 below this bearish then 2302 to 2300 then 2278 below this more be
Dxy and the metals4.10.24 In this video I thought I would go through the process of deciding if there was a trade or not on the dxy... I would lean towards this market going lower and I explain why even though I would not take a trade on the dollar because it's too contracted and isn't worth the effort because I'd ra
Golden, Green, or ScarletHey There, Welcome Back. Today we analyze the evergreen hedge commodity.
- If you are an Indian, Given that Gold rallied almost 17% in a very short span You must be quite happy. We Indians love gold. Especially, the ladies in our homes.
- The chart of Gold Futures is showing something interesting.
High Probable 15M Supply Zone SHORT for the HOUSE to CAPITALIZECOMEX:GC1!
"Believe me, the reward is not so gr8 without the struggle." -Wilma Rudolph
Good Afternoon HOUSE, I hope we all are in gr8 spirits ready to start the week...
As we all know Price has been Bullish on GOLD....Breaking NEW RECORD HIGH'S...
Now that the Market has left us a beautiful 30
GC1! Chart Idea - Short setupI still am bearish on Gold for next few weeks.
Confirmations:
- Rising Wedge
- Bearish divergence
Entry - 4hr candle close below 2334
TP Range - 2270 - 2260
SL - 2351.2
See all ideas
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
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Frequently Asked Questions
The current price of Gold Futures is 2 405.0 USD — it has risen 0.92% in the past 24 hours.
The volume of Gold Futures is 37.88 K.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Gold Futures this number is 419.95 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Gold Futures shows that traders are closing their positions, which means a weakening trend.