Time to short GOLD?Just my idea based on Supply/Demand strategy I think GOLD will go down to 1500 in 1 year.by tdongg333332
Gold Futures Squeeze Toward Record HighsGold futures spent late April in a tight range, but now they’re approaching record levels as fears spread about banks and the debt ceiling. The first pattern on today’s chart is the February high around 1975. GC’s latest pullback bottomed above that peak, which suggests new support is above old resistance. Does that reflect an uptrend? Second, Bollinger Bandwidth is starting to rise after falling last month. That may indicate prices are ready to expand following a period of compression. Third, MACD just turned positive -- a potential sign of the shorter-term trend turning bullish again. Finally, consider two longer-term levels. First, the peak from the previous bull market in 2012 near 1800. GC began its current rally by breaking that price zone, followed by a bounce above it in early March. The move may confirm a new bull market has begun. Second is the August 2020 high of 2089. Prices came within 4 points of the old peak today. Given the uncertain macro environment, some traders may look for GC to challenge the old high. Trading futures just got more accessible after TradeStation slashed commissions! Click our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing in cryptocurrencies involves significant risks. Please click here for TradeStation Crypto’s risk disclosures on investing and trading in cryptocurrencies. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .by TradeStation11
Decline in GOLDIt is possible decline ahead. Basic - impulsive decline ALT - just wave c to the downside. First target 1935- Shortby Yoo_CoolUpdated 1
GOLD - Where to next?MCX:GOLD1! TVC:GOLD OANDA:XAUUSD GOLD - Where to next? Well, as we had CPI out...5% - Dollar is getting sold it's what I expected but I am focusing on precious metals, we are heading higher but we are at key resistance. Highs 2050 lows 1980. we still within range a break below lows expect 1950 areas. However above 2050 highs, gold can easily achieve 2080 - 2100 areas. Pattern wise: Rising wedge - still within range no break out as for yet. Trade Journal by Trade_JournalUpdated 1
The case for 250:1 Gold:Oil ratiocould happen in the midst of this banking crisis which may be acceleratingby GoodTexture0
goldi think gold have two scenario for continue her range scenario 1 is my favorite Shortby meetingtrade0
Gold Short Break of the range to the downsideGold short based on the range it has been sitting at for the last few weeks in order to fill buyers at 1985-1950Shortby crabcream0
Gold awaits for FOMC decisionGold continues to trade within the range between 1985 and 2025 region. Short term trend can only be identified when price breaks out of the range and would likely be this week due to the upcoming FOMC.by TrainingTrader1
The Gold Odyssey - the third lower highHeads up previously, had already mentioned previously, there was bullishness in Gold, but not enough and it was way too stretched to be at the top of the (constipation) range. The weeks went by and few things are very clear here: 1. There is a third lower high (not bullish) 2. Gold is breaking back into the range (really not bullish) 3. The MACD is weakening, the VolDiv has crossed down with a lower low (very not bullish) 4. The TD Sequential Setups are showing that the primary trend is still bearish, from the Buy Setup in early 2021. This was never reversed, although price closed above the TDST (green dotted line at 1962.50). So now the deal is like this... EITHER the current Setup completes over the next two weeks with Gold popping up definitively, OR it breaks down this week cancelling the current Setup, keeping the bearish primary trend, and closes below 1962.50. I suspect the latter will pan out... appears more probable to me. Downside target 1820-1840, else if closes below 1800, can expect below 1700. Wait and watch... Shortby Auguraltrader111
Gold Next Move!after 10 days of side move, this week will be the game changer! imo, this week gold will goes to $2029.5, if the price held this zone and we not see a bearish pivot, next target probabbly $2090. if the bearish pivot confirm market structure shift, gold will drop to L.V. ultimately, C.E will held the price and gold will ready to reach $2090.Longby pouryaaryanpour1
Gold weekly log chartSo far so good for gold's commitment of traders review... total longs breaking out net now above total shorts #xauusd #gold #fintwit #silver #xagusdLongby Badcharts6
Gold make it breakoit leval for this year monthly chartHi every one gold reach there top leval 2024 August best time for every dip buy for invesment and trading you can ask financial advisor or contact any gold expertLongby paisachapo7
GOLD FUTURES ANALYSISFutures about to rip the cord if you know what I mean. Could make one final lower leg before rallying to the upside after breaking the cord. Longby Tiestobob112
Gold Trend UpdateIn recent days, Gold got decent appreciation, now, this is time for retracementShortby SUSECA4
Bottom in August for example.Two posible scenarios 1) Bullish continuation (as the idea related linked) to 2100 or so by June this year. 2) Bearish move to the final bottom around 1720-1740 by August -September. - A corrective strong move is pending. It could begin from this last week top or from a posible "expected" top higher at 2100 or so. - Dollar is again at support 101 and not breaking. Daily move has already end and will begin a leg up in dollar Index from last week bottom. Could be strong and continue to semewhere around 110 in weeks. - Gap at 1874 or so in futures should eventually be closed. - A daily move down in gold is also high probable from last week top. If wold doesn´t hold the 1950 level or so in the next few weeks and continue UP, then MOST PROBABLE is that weekly reverse bearish. - A move down to 1920 or so is extreme to be just corrective, and could signal a change in trend in gold. - The only detail that does not "fit" with a bearish scenario is that miners weekly move is very small, but has also happened before in bearish trending scenarios, like 2014 or 2021. So. Caution in any case, and see how market behaves and see if a final bottom comes in August. Shortby JAY_c5velmUpdated 114
Gold Short Opportunity If monthly fails to gain 1997 I expect a leg lower innitShortby abbottlouis660
Gold SL hunt before breakout m30 Gold chart show stoploss hunt before breakout also this break put is on US market open time hope this is wining trade Longby tofinse2
Gold H4 Setting Up For A Test Of 2100In this update we review the recent price action in the #Gold futures contract and identify the next high probability trading opportunity and price objectives to target01:00by Tickmill4
GOLD Update (weekly chart)Do you see how well those Gann fans squared work? -- Gold consolidates at the Gann confluence and either flags to resume is present path along its Gann ray, or it puts in a reversal at the Gann confluence (the crisscrosses of the fan lines). It most often resumes its path along the fan rays. I currently have two possible paths for gold. The first possibility is a fallback from the current level to around 1951.5 on 8/23/23 (downward sloping red arrow). From there. I could see an upward resumption to 2035.5 by 12/26/23. I have two questions about this scenario: 1) Will gold this year follow its historical seasonal tendencies? I'm speaking of gold in US dollars. If gold follows its historical seasonality, it should sell off during the summer months. Historically (from 2004 to 2022) the percentage gold has closed higher each month is as follows: May (47%), June (42%), July (63%), August (63%), Sept (42%). The fourth quarter has historically been bullish for gold. Given this pattern, we would see a selloff around May and June. 2) Is there anything "normal" about this year? We have escalating financial banking stress, potential budget standoffs, geopolitical tensions, and geopolitical forex coalitions being formed. None of these augment well for stability. The second possibility, shown by the upward sloping arrow, is that given current macro tensions, gold will continue its current path and reach 2237 by 12/26/23, and 2407 by 4/29/24. This scenario makes the most sense, from a macro event perspective, as well as the "geometric construct" of the chart -- the current trend should continue to follow along the current ray, which is also aligned to the purple colored Gartley 1.618 extension (which ends at 2407) which is drawn from a starting point of September 2018 (which coincidentally, happens to be the last belt tightening period of the FED). The current point & figure objective is 2596 and is taken from the stockcharts.com P&F chart using a three box construct and based on ATR 14 (you should always use ATR on a P&F chart for commodities like gold). I am in the camp for the second scenario, I believe gold should be around 2237 by year end and around 2407-2596 by April of 2024. Longby UnknownUnicorn131012
GOLDGOLD - Short GOLD starting its downtrend - Below marked pink areas are targets and reversal zones. - Strict SL is given. - Analysis done in 1h time frameShortby I_M_VARUN_TYAGI113
Gold on down impulsive wave or notGold on down impulsive wave very high volatility support become resistance with candle congestion act as resistance Shortby tofinse1