Yet another very strong Daily close on Gold. DOL is Thursdays high. I want to see h1 bullish arrays respected to then look for M5 bullish displacement for long entry.
US$ weakness fuels GOLD to move up. GOLD futures are in wave 'C' of ABC recovery wave.
OK, I did some checking and I came up with this.... *1st will see what move gold is going to take.. if it breaks the top line, I buy, but if it goes down .. I wait for the conformation candle and place my sell positions still advise to test with demo account just to see if my strategy works or fails
My analysis on GOLD 🥇 if the first candlestick breaks...place buy trade.. USE demo account to test this signal LONG TRADE
Looking to sell gold on a bounce to 2023.0 Stop is 2062.0, target is 1981.0 Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not indicative of future...
Gold Longs Pre/New York Open - Gold Runs into (All Time Highs)
Inflation was only keenly felt, especially after the pandemic in April 2021, when the CPI broke above 2% to 4.15%, and then quickly soared to a high of 9% in June 2022. However, gold has been signaling impending inflation since the year 2000, which was 24 years ago. Currently, gold is also indicating further upside potential over the long term. What will be the...
Gold Longs (S&P PMI) 9:45Am (ISM-PMI) 10Am - Price respects that low after displacement. Respects (CE) of the whole move. Respect the Inefficiencies in the new (PD Array). Textbook
Gold had another very strong daily close today. My DOL is Monday's high. I will be looking for a pullback to respect a H1/H4 bullish array, to then give me the go ahead to enter on a bullish displacement on m5/m15 timeframe.
Gold (GC) broke 2120 - now it's going to 2165 Actually it's not yet top Target - it's another Resistance area...
Today our AI has generate a strategy for trading GOLD future (GC1!) and XAUUSD which are two scenarios: Buy and Sell. For Gold future (GC1!), strategy of Buy side or Bullish is Entry: 2113.5, SL: 2108.5, TP: 2123.5 and strategy of Sell side or Bearish is Entry: 2123.5, SL: 2128.5, TP: 2113.5. For the XAUUSD, strategy of Buy side or Bullish is Entry: 2122, SL:...
Its been years of waiting and I think it is about time! Gold is rotating back and should finally close the week outside of the constipation box (yellow). MACD and VolDiv are crossing above and should be supporting a rise in Gold. New target for this run, 2600 (Jan 2025). Heads up!
Gold is at new high and hit the 1st UP Target = 2120 1st - because it's going higher, guess to at least 2200!
Bullish narratives I've seen published online over the last couple of years: 1. Gold is a hedge against inflation 2. BRICS Currency-it will be backed by gold 3. China is hoarding gold 4. Central banks are gobbling up gold Given all these narratives, one would think gold has some pretty strong tailwinds yet it has had 3 breakout failures since these narratives...
In the last week, the inflation data influenced the significant growth of gold. Along with gold, investors are turning their attention to cryptocurrencies and especially Bitcoin. The last record in the price of gold is from December 4, 2023. Gold was then trading at $2,144.55. Gold added over $70 to its price today, making it the highest it has been this year....
Gold broke out of the triangle..and New tgt calculated and got activated when it broke out of the triangle pattern...So buy....
Futures Account today - Gold Longs/Success _ NQ Longs/Struggling
Another share from the TTR, this time is a commodity chart - #GC Beautiful move up on Friday! The price has stopped right at the trendline support; there is one more resistance box above it. When/If it is broken, we will see the next trendline tested again, followed by a breakout box. This is a very bullish action as if the price continues to break out, then...