As mentioned in our previous post, Gold was mildly overextended and price recovered most the the prior movement. Gold closed the week above the minor resistance at 1853 and looks to push towards 1873 region or even the 1890 region. However, if price were to fall below the 1820 support region, Gold may potential dip towards the next support region at 1790.
COMEX: Micro Gold Futures ( COMEX_MINI:MGC1! ) and Gold Options ( COMEX:GC1! ) Gold is often hailed as an effective hedge against inflation. It generally increases in value as the purchasing power of the US dollar declines over time. Does this still remain true? Since January 2013, the US Consumer Price Index increased 29.4% cumulatively, while the 10-year total...
Gold's "Commitment of Traders" analysis... Players have been positioning quietly. #fintwit #gold #xauusd
Weekly Kickoff levels are longer timeframe levels where we believe longer time traders will adjust inventories.
On GC1 as you see on the chart we have the breakout with force the support line and also the breakout of the vwap indicator so it's mean that we will have a big probability to have a downtrend.Thanks!
Based on my strategy i think . that the gold will fall down . if it doesn't then nothing will stop him from going up like a rocket . AS ALWAYS LET YOUR RISK MANAGMENT PROTECT YOU
COMEX:GC1! is traiding since Sept 2020 in range between 1690 und 1985. Currently the price action is the upper range limit. A analysis of COT index indicates a short signal, which comes along with high open interest oscillator. This two indicators my forecast a reversal of the uptrend COMEX:GC1! . Since the price shows a still a stable uptrend (price is above...
In 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 target
MCX:GOLD1! reversed from all time high, brokedown major trendline for the 1st time after 2months, upcoming major support zone 55350-55000.
Gold is one of those things that has always made humans go mad with greed. There's a deeper reason for this that people can't quite grasp on the surface, but the metal has significant inner meaning for many cultures, families, societies, and belief systems. I've heard over the last few weeks that the Chinese Communist Party has been buying tons and tons of gold,...
Investing involves risks, and financial planning requires caution. Therefore, the following issues need to be considered when investing: 1.Don't put all your eggs in one basket. Diversify your investments to effectively reduce risk. 2.Generally, the rate of return and risk level are positively correlated. Don't only focus on returns and ignore risk. 3.Assess your...
In fact, futures investment is very simple to talk about, with only two choices: long and short, a 50% probability event. But why is it so difficult to succeed? Have you carefully examined the reasons for your losses? Have you summarized them? Sometimes it's not about choosing the wrong direction, but choosing the right direction and not going the right way. At...
After forming a double bottom structure, gold quickly broke through the resistance level of $1820 and rose to around $1826 before pulling back to $1820. Therefore, $1820 has now become a support level, and there are currently two main resistance levels, one around $1826-$1828 and the other around $1832. Based on this, for today's trading, I suggest buying at...
Multiple over bought signals, possible reversal trend. Further potential targets at $1795
Buy Gold I see a bullish trend after the breakout heading towards upside move. Levels on the chart Happy Trading
based on my strategy I think that before the gold will fall down . we must return the area between 1824/18721 remember as always IF YOUR WRONG LET YOUR RISK MANAGEMENT PROTECT YOU