AMEX:GLD COMEX:GC1! looks ready for a move up. RSI paused just below 60, ADX move not started yet, MACD and price both coiling A lot of Economic Reports on deck this week may act as catalyst.
I see price buying just to clear liquidity as for now. Price did its 4th element which was the reversal to the upside. That element usually aims for liquidity pools, external liquidity, highs and lows, before reversing. Im watching this every 15 days. Already rode the buy up at @2008
Now we are moving in a developing descending channel, and when the price reaches the rectangle area, you can open a short position. Reasons for opening: 1. From this price, a descending movement observed several times. 2. When the price reaches the box area, you can see a sharp angle on the Williams' Alligator. Important! Follow risk management and do not open...
In this video I go over my reasoning for shorting gold futures. COMEX_MINI:MGC1! COMEX:GC1! due to technical and fundamental factors that can influence the price of gold TVC:GOLD In a negative way. Hope you enjoy and stay tuned for more! :)
I expect short positions. We are in FVG where I am waiting for a rejection at a lower levels. First Target 2032.5
Zones based on multi-time frame, highs and lows, OB's and IBs.
I think after four years of getting rejected and sinking back down, gold finally looks like it's ready to break out. If it does I think it's going to break out hard and we could see a quick (but short lived) run to $2,500. Let's see.
Gold futures saw a false break of $2060 on Wednesday, before momentum turned lower and sent prices back beneath the weekly and monthly pivot points. Those pivots have since turned into resistance, before gold saw a trendline break. As RSI (2) is oversold and prices have found support at the 10-dy EMA and daily S1 pivot, bulls could seek a near-term swing long...
To follow our primary scenario, Gold must not slacken on its way further up the chart! We still expect the turquoise wave B to reach a new all-time high, which requires more (corrective) rises. However, our alternative scenario could still prevail with a probability of 40%. In this case, the turquoise wave alt.B would have already been finished with the last...
If you were to draw a channel/rectangle for #gold futures daily chart, this one has the most relevant hits. These are the best set-ups IMO. Price is squeezing.
Two realtive equal low = Sellside liquidity Long with target buyside liq
Gold has been testing the resistance of 2027 and looks set to finally break free once it has a retrace to 2024. look for a breakout at 2028
Nothing new to add on Gold. It is as slow moving as molasses. It is still on positive divergence at this time. Economists are starting to say a recession is expected at some time this year so maybe that is the catalyst gold is waiting on to raise higher. It has always been a store of value and a commodity people flock to in hard economic times. One question I...
Hello, all traders! This would be my very first published idea. I am an intraday trader and would love to share my position for today. This is not financial advice, just my perspective on the market. Gold Futures seem very bearish, but I have chosen this position with Entry - 2012.3 Take profit - 2022.8 Stop loss at 2008.1. After this trade executes, my main...
As You can see an apex which showed bullish absorption was cutted the bearish style, to be tested if it will sustain strength. Now we see a rising wedge with shortening of time in the upper area and no shortening no expension of time at the lower boundaries. This leads to the conclusion, that gold is sold and silver is bought. Silver and copper are...
Analyst: Shane Hua (CEWA-Master Candidate), Good evening, Gold reached its peak with wave 2 (Circled) earlier than expected. As a result, the Bear market view has become clear in a broad context. The target for the short-term decline is 1989.2, while the price remains below the 2017.1 level, rising higher shows that wave (4) is ready and could peak at any time...
Good evening and i hope you are well. For gold i updated my weekly chart and bears proved me very wrong. Here my quote from the weekly outlook: short term: slightly bullish to top of triangle, invalid below 2030 Obviously they did break below big time and now bulls are doing everything they can to keep this above 2000. bull case: Bulls have to keep this...