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Micro Gold Futures (Feb 2022)Micro Gold Futures (Feb 2022)Micro Gold Futures (Feb 2022)

Micro Gold Futures (Feb 2022)

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MGCG2022 trade ideas

Gold Update (weekly Chart)Gold today broke through the flag bottom at 1985, so the seasonal effect is in play. I have three targets as of now: 1947.63, the pivot point of the weekly chart flag pole; 1924.60, the mid-point of the flag poll; 1921.6, the Gann confluence line (which would also be the base of the prior flag last year). I see 1924 to 1921 as the likely target. If we had a sell off like last year, we would be looking at a low in the 1700 range -- highly unlikely. If that happened, I would load up the boat. I am still bullish on gold long term, the macro elements are undeniable.
COMEX:GC1!Long
by UnknownUnicorn13101
Gold Future - Elliott Wave (Update)Gold should reach around the 50% retracement (around 1842) for the minute wave ((2)) and continue for the rally ? The minuette (iii) wave should be done today or this week to regards on the momentum stochastic daily and should reverse to targeting the wave minuette (iv) Trade Strategy : The Stochastic Weekly momentum bearish reversal are made but be aware of the Stochastic daily, the momentum bullish reversal it's near to the OS (Oversold), so it should be sideway to down for a couple of days before the momentum trends rally again for few days ( or 2-3 weeks ?) and go down to the 50 % retracement. Let me know in comment, what do you think and if you like my opinion give me a blue thumb ! 👍🙌
COMEX:GC1!
by TradingX30
Gold Future - Elliott WaveGold should reach around the 50% retracement (around 1842) of wave ((3)) and continue for the wave 5 of 5 ? Trade Strategy : The Stochastic Weekly momentum bearish reversal are made but be aware of the Stochastic daily, the momentum bullish reversal it's near to the OS (Oversold), so it should be sideway to down for a couple of days before the momentum trends rally again for few days ( or 2-3 weeks ?) and go down to the 50 % retracement. Let me know in comment, what do you think and if you like my opinion give me a blue thumb ! 👍🙌
COMEX:GC1!
by TradingX30
2
Gold Bugs Squished?I've been talking about Gold COMEX:GC1! hitting a major high for my last two Livestreams (catch them Friday at 4pm Eastern after the market close). The current price action warrants a standalone post. Each Livestream for many months has had at least one person ask what I thought about Gold. It was very simple: Gold was trending UP to test the major Monthly highs. In many of my social market chats about two weeks ago my gold bug friends began getting very excited. I urged caution. Price MUST break the high and confirm the breakout before getting long at this major Resistance Level. Now it looks as of gold price is respecting this monthly high from the last few years. To be contrarian I had to short Gold (using AMEX:GLD ) based upon a Spike setup from Friday May 5th's high. Last week price pulled back and "should have gone" to retest and break the high. It did not and returned back inside the range. This sets up a short. I also know from taking market sentiment that a lot of traders may have gotten a bit overly optimistic. This could setup for a good pullback to at least the 1850 Level.
COMEX:GC1!Short
by norok
1
Gold will continue to fall, trust me and you will make money Human nature has a weakness, the more you care about something, the more it will torture you. When you are no longer intimidated, when you have the courage and determination to be true to yourself, every day will be your best. If gold just enters the market at 2017.50 in the morning, if you want a small risk control, you must wait. At present, gold is under pressure in the first line of 2021, which also forms a short-term platform secondary rebound suppression, so it will continue to be bearish at night. Gold operation recommends selling in 2019, stop loss at 2023, target 2008~2000, if it falls below 1991 Although gold rebounded from the previous low of 2000, the bearish trend is still dominated by bearishness, with intraday pressure at 2021~2025 and support at 2000~1991. Join me and I will guide you to a profitable trade 💵!
COMEX_MINI:MGC1!Short
by Domineeringdeal
Believe me gold continues to be short and bearish Gold reversed in early trading, but it failed to break through the pressure position of 2020 twice! The pattern of decline remains unchanged, it is a rebound, not a reversal! In early trading, 2016 empty orders have entered the market, and now continue to be short and bearish! Still falling after the shock! It is the most normal thing to have fluctuations in the trending market, and the sideways or fluctuations in the decline are all to gain momentum for breaking new lows again! There are only two situations where gold reverses now. The first is a strong breakthrough in 2020, which means that the market has reversed! The second is to test the 2000 mark multiple times without breaking it! Neither of the two situations are happening now! We just continue to execute according to the established principles and strategies. If the empty order has entered the market, then hold and wait until it breaks! specific strategy Gold 2016 short, stop loss 2024, take profit 2000. Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻
COMEX_MINI:MGC1!Short
by Domineeringdeal
2000 may be difficult to stick to, next week 2030 will rebound e The price of gold is again on a high level correction on Monday. This week, gold as a whole surged and fell back, continuing the weekly pattern of the previous week. The top peak hit 2048 and then retreated until the U.S. market fell back to the lowest mark of 2000 on Friday, which is basically the same as last week. The trend is that they all rose at the beginning of the week and retreated at the end of the week, but they all fell below the 2000 mark, and the weekly closing was around 2011. On the contrary, silver's retracement this week was significantly larger, falling below 24, and silver's short position has increased. Next week, we need to pay attention to the possibility of gold's 2000 mark being broken, and the bulls are no longer so optimistic. , The weekly line received two consecutive upper shadows that rose and fell back. The risk of continuing to retrace next week is very high, and the probability of 2000 is untenable. However, if we analyze it in the mid-term, the weekly line can only be treated as a correction at a high level. Last week, it retraced the high point and then retreated to the 2000 mark. Now the bulls and bears will compete for this point. Who can occupy this position? , the market outlook will be able to dominate the medium-term trend, and now the short-term is bearish, and the medium-term is still difficult to judge. As for next week, the short-term operation must be based on rebounding and high-altitude layout, but because the main suppression at the daily level is concentrated above 2030, so if 2000 is still holding on to the support at the beginning of the week, we still need to wait patiently for the opportunity to rebound , If you break through 2000 directly, you can also see the line from 1980 to 1970 with the short position, and the long position is considered to enter the market in the range from 1970 to 1950. I have been doing gold and silver transactions for decades, from my twenties to my fifties, from an energetic young man to a mature and stable old man, I have paid a lot, and published fewer and fewer articles Yes, but I feel better and more relaxed. After all, trading is only a part of our life, not all of it. Hey follow me if you want to learn more financial knowledge
COMEX_MINI:MGC1!Short
by Domineeringdeal
Gold Futures (GC) Weekly is Bull Flagging, But.....Gold is currently in a flag similar to that experienced last March and April. Last year's flag broke down, very unusual for this formation (normally it is a continuation pattern). Most likely the breakdown can be explained by the strong ramp up in the dollar index last year. Also, gold seasonality is usually weakest starting in April - June. This flag is very tight, and being very near the all time high of 2089.20 at the flag peak of 2085.4 -- so I am biased in thinking that this flag may not reverse, even should DXY show strength. Of course, there are numerous geopolitical and other macro events which can have a positive effect on gold, if they create uncertainty. Key areas to watch. A break below 1985.60 and hold and it will signal another flag breakdown. A break above and hold of 2085.40 (flag peak) and it signifies a bull flag continuation. These are simple areas to watch and are significant.
COMEX:GC1!Long
by UnknownUnicorn13101
1
Spot gold squats down and then stands up today For today's gold, beware of dropping down and confirming the support again before the start of a strong climb, so in terms of thinking, choose to go empty first and then buy more, and then look at the rise. The specific reasons are as follows: 1. The previous Monday and Tuesday were corrections to the sharp drop in non-farm payrolls last Friday. After the release of non-agricultural data last Friday, the short-term price fell by nearly 40 US dollars. The price hit the purple trend line of the hourly chart at the 2000 mark, stopped falling and began to enter a shock rebound correction. The price climbed up in early trading today to find the range of 2038, basically how much it fell, and how much it rose again, the resistance dividing line ranged from 2038-2040 area 2. The shape is narrowed and the motivation is insufficient. Step back on the purple trend line and confirm the support and continue to climb. The four-hour pattern shows a narrowing situation. From the previous closing and flattening to the current continuous narrowing, the spatial scope focuses on 2044-2008, and the subsequent opening of the pattern will guide a wave of new directions. Although the price has regained its lifeline in the short term, it lacks momentum for sprinting. As much as it rises, it steps back, and then continues to climb. In the case of insufficient motivation, you need to squat down in the end to gain strength and then jump up. The point of support for the drop is to pay attention to the position of the purple trend line on the hourly chart, which has now moved up to the 2011 area. Pay attention to the support of this area, so as to see the switch of the market space. 3. The time loop, the final start and acceleration time point is still in the range of 21:00-22:00, and the acceleration action is formed after the support is confirmed. Based on the above three reasons, for today’s gold, we still need to pay attention to the start and acceleration after the U.S. market in terms of time, and we need to pay attention to the resistance of the non-agricultural ups and downs range of 2038-2040 in terms of space, which cannot be broken through here. , It will still be under pressure and step back. This time, the step back will focus on the support of the purple trend line 2011 area, and see the price climb after stepping back here to confirm the support again. Refer to this idea to give a short-selling plan for 2036-2037, and a long-selling plan supported by the 2011 region. The first step of the short-selling arrangement will be implemented first, and the long-selling plan will be reminded in real time. Gold 2036-2037 short, stop loss 2043, target 2026-2024
COMEX:GC1!Short
by Domineeringdeal
5.9 CPI is coming soon, gold is facing the risk of another callb Cats like to eat fish, but cats can't swim. Fish like to eat earthworms, but they can't go ashore. God has given you many temptations, but he will not let you get them easily. If you want to achieve it, you have to fight for it yourself. Life is like a dandelion, seemingly free, but often involuntary. There are no ifs in life, only results. If you try your best and work hard, it will be fine. On Monday, spot gold fluctuated upwards. It once rose to around the $2,030 mark in intraday trading, and then fell back to stand firmly above $2,020. The U.S. dollar index first fell and then rose. Before the European market, it fell to the 101 mark, but recovered most of the lost ground during the US market. U.S. bond yields rose sharply. The two-year U.S. bond yield, which is more sensitive to the interest rate outlook, rose above 4%, closing at 4.001%; the 10-year U.S. bond yield rose to around 3.5%, closing at 3.507%. Crude oil continued to rebound as fears of a U.S. recession eased and some traders believed a three-week losing streak driven by demand worries was overdone. WTI crude oil once rose to a high of $73.6 within the day. The most important thing this week is the cpi data on Wednesday, so how the market trend goes before cpi is actually very critical. It's not that we must pay attention to cpi data, of course, this is only second. The most important pre-cpi and post-cpi markets are definitely not in the same direction. If it is said that the non-U.S. market went up before the CPI, then there is a high probability that the non-U.S. market will fall again after the CPI. At present, gold has been in the process of rectifying and rebounding after hitting the 2000 mark last Friday. This is obviously waiting for the arrival of cpi. If gold continues to maintain this slow upward trend, then there is a high probability that it will fall again after the CPI. From the trend of 2080-2030, the position of 382 happens to be here in 2030, which is also the current high point. If you can't even go up to 2030 at the 382 position, what about the recovery of the bulls, then it means that the next 2000 mark will be broken. But the question now is, will 2030 be the high point of this wave of bulls? I can't give you an accurate answer now, but based on what I see so far, I think it is very likely that gold will break through 2030 here. If gold can't fall below 2018 today, then I think it will still go up, but whether it can break through 2030 depends on time. The upper 50% position is around 2040, so I may focus on 2030-40 at the current upper high point. So the next operation, if today's gold falls to around 2018 and stabilizes before breaking through 2030, then we can go long and look to 2030-40. If it breaks through 2030 and reaches the 2030-40 range and falls, the long order will be cancelled. The second is to go up to 2030-40 first, then we can directly enter the market to short in this range, and the defensive stop loss is 2050. The lower target first looks at 2010, and then it is around 1975. Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻
COMEX:GC1!
by Domineeringdeal
How Gold Trades TodayJudging from the current market, the cross K with the long upper shadow line of the daily chart combination K increases the overcast, which means that the adjustment will continue, and the short-term staged top will appear, and the history of the market outlook will continue to be staged. We see the first two waves Back to the 1860 line, the first time back to the 1880 line, and the daily chart is at the 1960 line, so the room for adjustment is far from over. After four hours on Friday, it went down all the way to the first line. No, there are signs of correction in the short term. The correction focuses on the middle track and the gap. Here, it will continue to go down. If it breaks, it will test the upper line before it can be lowered. However, the hourly chart has fallen to a rebound. It is currently running below the first and second lines and the lower line. In terms of form Judging from Friday’s close to the present, it is temporarily in the process of shock consolidation, and the auxiliary indicator MACD also forms a golden cross below the 0 axis. This golden cross does not mean that it is turning more, but it is a correction of the index that fell too fast. It can be a direct rise, or it can be viewed sideways for correction. Overall, from a multi-cycle perspective, it will continue to be empty after the rebound. At the opening of the market today, I gave clear instructions to the fans about the 2015.30-2024 multi-order strategy. Now I have taken profit and made a good start to this week. Although there is only a profit of ten points, it is also very good. This week's expected profit 150% - 300% In short, seizing the opportunity of history repeating itself is the opportunity of seizing wealth In this market, many friends want to operate on their own to make a profit, but the result is either a set order, a dead end, or frequent liquidation. You can operate by yourself. First of all, you must restrain the most important psychological pressure. With regard to your firm position, can you maintain the mentality of closing the position and be unmoved by floating losses? And do a good job of strict stop profit and stop loss. After doing it for a while, it is obvious that most amateur traders can't do it To be honest, even many teachers are unable to do it now, because this is human nature, and it is very difficult to achieve the mentality of closing positions for their own substantial interests. Maybe one or two people out of 100 have this awareness. So in this case, you have to rely on external forces, need external supervision and supervision, and slowly form your own trading system. It takes a long time to learn how to control risks and positions, so most people, don’t be overconfident Or you are still in a state of confusion, do you really understand when the position is liquidated? Trading requires reminders. If you are hesitant at a certain point or don’t know what to do when facing a position problem, you must have a professional person to remind you at this time, or it can be said that a professional person will give you confidence. Many people are about to liquidate their own positions, but they don’t seek help. Of course, if you think that you have too much money, it doesn’t matter if you liquidate your position, then I take this sentence back. With me, as long as you do a good job in execution and maintain a good attitude in the face of the market, I will only try to make you make money, because my goal is to cooperate and win-win, so that it will last forever! In short, being greedy for small and cheap investments will only make you lose more and more. Join me, follow me, let your money make more money
COMEX:GC1!Short
by Prometheusinfinance
Gold returns to a high level, what to do next Everyone has seen the market in the past few days. In fact, it is not very easy to operate. All kinds of news are pervasive and data-intensive. For trend operators, it is actually difficult to follow recently. Gold breaks through new highs, and the Dayang line continues to rise. Trend operations must continue to fall and go long. However, gold fell directly again. The most complicated situation is that gold rises in a straight line and falls in a straight line. If you don’t enter the market in advance, it is basically difficult to have a chance to enter the market. There is no pullback when it rises, and no rebound when it falls. This kind of market is actually relatively rare. After all, it has reached a record high, so it can be regarded as a historic moment. It is not surprising that the market is complicated. The past has become history, we can only sum up experience and lessons from history, and not indulge in the past, the market is current, the past can only be used as a reference, sum up experience and lessons, correct in time, and continue to move forward. What matters is how to proceed next? The market did not continue after the new high of gold, the bulls were frustrated at the high level, and the weekly line continued the triple top structure. The daily line directly fell below the previous support area and fell below 2000. Gold fluctuated straight up and down by 80 US dollars in two days. The current market is concerned about the resistance of 2020 at the beginning of next week. If 2020 cannot be broken, then the rebound of gold is a very weak market, and gold will fall sharply. Triple top, the decline can be imagined. If gold still has an upward trend in the short term in 2020, it will rebound to 2030. It's just that the rebound is slightly stronger, and then it turns into a shock and decline. On weekends, the news will be consolidated, and everything will be decided after the opening of the market on Monday, which of these two positions is vacant. For most people, it may be more suitable to operate in a volatile decline, because there is still a chance to make up for it. If it falls directly, then most people may only have one chance to operate, and there will be no chance to follow up when it is out, and they may even start buying bottoms against the trend. Then it kept falling, which was really uncomfortable. Shocking decline, even if someone makes a small bottom, there may still be a chance to come out, which is easy for most people to operate. So if it can't go to 2020 next week, then the probability of gold falling negatively and then accelerating its decline will increase greatly. Let's work hard next week. The past week has passed, and the new week is coming. Don't miss the past, let's carry on the past and open up the future. Next week's operation idea Gold is empty at 2030, stop loss at 2040, target 1990-1970. Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻
COMEX:GC1!Short
by Domineeringdeal