GC1: Sell ideaSell idea on GC1 as you see on the chart because we have the breakout of the vwap indicator.Thanks!Shortby PAZINI191
GC1 shortgold is bearish as per the levels shown in the chart it will rise up till the previous hihs and that will be the best time to short - please use small small qtys to take the short . swing high +0.30 should be the stoploss . Shortby hb17811
Bobby's Homework Assignment3.29.23 Bobby's homework assignment part 2 The first part on lumber Is pretty good in that it's reflecting what I think about the market. It is up to you to decide if this kind of information is useful . I didn't really like the way the rest of the video Worked out..... so I had to make a decision to delete the video and wait for another day, or I post the video with a warning. I didn't like my impatience and criticism at the end of the video. I am sorry about that. I generally get up very early in the morning before my alarm goes off and I plan to do Things that have nothing to do with the market but they are very important to me..... and yet I told myself I can do a quick video and then I can do the things that I really have to do..... and it never works out that way. I thought I would do a video in about 20 minutes and at the end of it it's an hour and 15 minutes or more... so I get cantankerous. The markets are very very dangerous right now. The US dollar Is on life support with very corrupt and management by our government. It's very hard to buy gold now and some of the coins have a lag time of a month or more. Countries are actively accumulating gold now and if they want it, they get it first. Silver Sells at about $18 above its spot price and there is a lag on certain silver coins as well. This is what you would expect when a currency Loses its position as the reserve currency And the market goes into a hyperinflation.... which is a terminal event always for a currency.... there have never been any Exceptions yet. There could be a point where Coin dealers will not accept US dollars Seeking to buy gold and silver. Baby that's why I am a little more cranky than usual.19:22by ScottBogatin6
Bobby's Homework Assignment3.28.23 The whole video Deals with one chart on gold . There are two horizontal lines and one ABCD pattern.I spent the whole video on analyzing market behavior for yesterday and for today even though we still have a lot more time left today. It's very important to understand the thinking behind the market dynamics as I would call it Looking at support and resistance and the Dynamics of market action when the bars change direction . There are rules for how you should deal when bars change direction... and how this changes your opinion about the market when you thinking terms of buying gaps and selling gaps. If the terminology Is unclear to you , then look at the video and slow down the video and think about it... and then you can call it anything you want. When I get to the part when I say you have to think in terms of what the market does, And also what it doesn't do... and that this is critical to your thinking.... stop the video and think about it and then call it anything you want..... use your own vocabulary but understand the premise so that when you're actively looking at a market you will take into account the Dynamics which are very easy to see on this chart.... and then work with it to develop your sense of comfort..... and it may take some time, But if you actually do this homework... you may have a lot of questions, But if you actually persist you have a strong chance of developing your ability to read the market and make money from trading. I know this is not the end all and guarantee..... but I would bet that most beginning Traders and Traders with a lot of screen time Are completely in the dark about what markets are doing much of the time... and I would guess that if they were pressed in real time to make a decision about the market, They would have nothing particular to say and in effect have no opinion or An incorrect bias because they Are not focused on certain Dynamics about the market... they may be focused on something that's more emotional... as opposed to Dynamics Based on the chart itself. Some of this you'll have to decide on Your own... as there's always A chance that you will have some decisions that are more biased and less objective than you would like them to be.... this is Trading. It is not an accident that I talked about a hypothetical when I was looking at the ABCD pattern and I gave you an example of how the market might have changed my opinion on one bar.... this did not happen.... and the graphics weren't that clear because it was a hypothetical that never happened and I didn't have time to make it clear on a short video.... go back and listen to it and put that piece of information into your mind and just think about it because the markets can always give you information that will cast doubt and may influence trade decisions and this is important to acknowledge. Generally. I tend to avoid the very small time frames because they generate more trades, more losses, More lost opportunity and more stress... in general for me... and I'm guessing the same is true for many Traders. Study the video. ..19:57by ScottBogatin118
Gold setupBuy: 1958.7 or lower Stop: 1944 Notes The model: The Ingenuity Trading Model is a Geometric Markov Model with specific inputs related to Price, Time, Volume , and Volatility. The model attempts to predict local minimums and maximums in price on a daily and weekly basis. A fancy way of saying a trading system that detects specific patterns in price, time, volume, and volatility and indicates whether to buy or sell. On winning trades after 1 day take at least ⅓ of the position off and move stop to breakeven Longby IngenuityTrading2
What would happen if Russia pegged the Chinese yuan to gold?If Putin goes ahead with pegging the Chinese Yuan to gold instead of the US Dollar a number of things can happen. Factor #1: US Dollar will be challenged This will for the first time, challenge the US dollar's status as the world's dominant reserve currency. People may look to invest elsewhere, which could cause instability. Factor #2: Domino effect There could be an effect where other countries may follow suit and start pegging not only YUAN but maybe even their currencies to gold as well. Factor #3: Yuan could be the next reserve currency This move could be the start of Chinese yuan’s step to power and control. It could get to the stage where the value of the yuan would be determined by the price of gold, rather than the value of the US dollar. Factor #4: Demand will pick up and other countries will hold gold This move could result in countries increasing their gold reserves, which could lead to a further increase in the demand for gold. The demand for gold would increase, which could drive up the price of gold in the short term. Factor #5: Bad for the US dollar The US dollar would likely depreciate against other major currencies, such as the euro and yen, as investors shift their focus away from the dollar. The US would face increased competition in international trade, as other countries begin to use the yuan as a reserve currency instead of the dollar. Factor #6: More power for China China's economic power would increase, as it becomes more closely tied to the global gold market. Factor #7: Strong partnership between Russia and China Not only will Putin and Xi be making more crepes together, they will also be making more gold. The move would also strengthen Russia's position in the global financial system, as it becomes a key player in the gold market. Factor #8: The shift of the New World Order The stability of the global financial system would be threatened, as it adjusts to a new world order with a different reserve currency. Also the move could lead to increased geopolitical tensions, as countries jostle for position in a new world order dominated by gold instead of the US dollar. Have I missed anything? Educationby Timonrosso224
Gold Drawing XABCD GOLD if XABCD pattern drawing work than we can see huge Downside mcxgold. Already best shortsell Zone we saw 60600 60750 target can we see 58700 56800 to 53800+++ Best BD point 57900 58500.Shortby JAIMATADUpdated 0
Gold MCX 56000Gold if Break n sustain below 57900 than we can see more down side 56000. SELL on Rise best options on present scenario. Already Comex our view same as Shorting Zone was $1999 2020.Shortby JAIMATADUpdated 2
Gold3.27.23 The video starts with a small commentary on what might happen to coffee.....And then we move on to gold which had A sharp reversal lower...And then reversed to go higher once it closed the gap... and now we're looking for perhaps $2,000 move higher on a large contract.... for a scalp. 17:42by ScottBogatin7
⚡️GDM3 analytical review⚡️ Currently, the instrument is in a medium-term uptrend 📈. The current market strength on a scale of zero to one hundred is 42.4. Buying 🔼 is recommended. At present, the instrument is trading within a descending channel, with the lower boundary at level 1934.5 and the upper boundary at level 1986.1. Considering the local trend, speculative long and short trades on rebounds from the channel boundaries are the most preferable. As for medium-term positions, currently, it is only possible to consider buying on rebounds from the lower boundary of the channel and after the price is fixed above the upper boundary. Medium-term short positions 🔽 can be considered only after the price is fixed below the level of 1966.1 and goes below the channel boundaries.by FinTechMe4
Gold should test critical level Strong resistance of two time frames should be tested next week. Strong support 1977-80 Still long from last week low Longby BoccaLupo111
Gold consolidating at resistance level The 2,000 resistance region that we indicated last week proves to be a strong resistance as price attempts to trade above the resistance multiple times but failed. However there is no strong price reversal yet as it continues to trade around the resistance region. Any breakout of the 1975 minor support can push price towards the 1940 key support region. If the 1940 key resistance is breached, it can be the initial sign of a big reversal.by TrainingTrader2
GOLDIt has broken out the base and retest the breakout zone once. I am again expecting it to touch level of 56100-56300. There is also a gap. It may be possible that it may not come back here and it will be run away break. Let's See. Previously it has come near to breakout trendlineLongby YS91
GOLD GOLD analysis Gold puts breaks after a major move and now if it break high we saw a next move towards new life high but if it makes a bearish pattern which it making now seem a double top or M pattern we saw a pull back to previous low Shortby HarishJangda115
GC gold futurgold road? Wait for your return to buy from 1780. The head and shoulders pattern has not yet been completed? And if it breaches the resistance strongly, we will enter a strong buy.Longby youssefmoba0
GCJ3 High: 2000.00 Low: 1910.00 HigherWeekly Kickoff levels are longer timeframe levels where we believe longer time traders will adjust inventories.Longby TopstepOfficial0
GOLD FUTURES: DOOR OPEN TO EXTRA GAINAccording to the latest updates from CME Group on gold futures markets, there has been a notable surge in open interest, which rose by approximately 11.2K contracts on Thursday, reversing the two consecutive daily declines. Furthermore, volume has also experienced a similar increase, going up by around 33.4K contracts after a streak of three consecutive daily drops. To sustain further upward momentum, it is imperative that gold prices close above the critical $2000 mark per ounce troy. Fortunately, on Thursday, gold prices continued their rebound and once again surpassed this key level, albeit closing below it. This positive movement can be attributed to the surge in both open interest and volume, indicating a positive outlook for the yellow metal in the near future.Longby FOREXN1118
Gold technical analysis Looking at the charts, gold has been trading in a bearish descending trend channel, and the exponential moving average is are crossed, Given these factors, I believe that shorting gold could be a good trade.Shortby themehdi3Updated 8
Gold made a pullback and it may go downGold made a pullback and it may go down according to my analyze Shortby themehdi3Updated 3
DXY GOLD3.23.23 The dollar looks like it's going lower and the gold looks like it's going higher. I made one misstatement that I caught>>> I think gold Is going to go above 2000 and probably go to $3,000..... not $300. I don't really care if it doesn't get to three thousand dollars if I'm training as long as I get in with a small stop and it gives me a three or four to one trade.... that's one more day that we have survived the market. There was a discussion on structure and what it means when the market breaks through structure.19:10by ScottBogatin10
The 4th Dimension Trading i) 2D = Time / Price = Chart = Technical analysis ii) 2D = Macro or / and Micro or / and other analysis 3D = Combining the above (i) & (ii) 4D = Projected time and price based on the past data and market developments 3 types of gold for trading: • COMEX Gold 0.10 per troy ounce = $10.00 • E-mini Gold 0.25 per troy ounce = $12.50 • Micro Gold 0.10 per troy ounce = $1.00 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Long09:06by konhow2
GOLD - Potential Downward MovementGOLD seems to be having a correction and might be retracing down to demand zone before another bullish attempt.Shortby JoeBigBoi4
🔔🦉 GOLD PUMP? (Or Powell makes us Goldfish 🎣🐠 ) With USD losing it's Key Support before the rate decision one could think this is all a game to trap buyers.... i think this is less than 15% likely today My Gold chart has worked out well before and the support i see at 1937 and 1915 are support levels that can become nice trades.. Have already been long since last idea: Unless Powell comes up with a huge 0,50% hike or/and a very aggressive, scary hawkish statement then Gold should PUMP while dollar takes a dip... that scenario i price in over 85% possible... It looks too good to be true and too simple to be so easy, but that's what I see in the charts and that's what i will trade. Unless Powell wants to bring chaos... One Love, The FXPROFESSORLongby FX_Professor2216