GOLD DAILY TREND REVERSE ?GOLD can turn bullish @ 1920 /1930 levels , CAN INVEST 2/3 POINTS ? major trend line résistance is black LINEby POPPOPPU1
Gold daily = it break trendline mean sell signalonly pick buy near green arrow + wait pinbar comes then buy with SL in pinbar low other buy scenario = you see AC indicator show uptrend will start but we need red trendline break wish you win Longby ramin_trader200610
goldwow!!! i'm very surprised...!!! gold can continue correction range. this analysis is not my favorite. but probably this analyse. this analyse foe weekly time frame.Shortby meetingtrade2
Gold tends to find seasonal strength in AugustIt was another challenging week for Precious Metals, with Gold futures trading back near one-month lows. At the same time, it is hard to believe that with a downtick in headline inflation data and an uptick in initial claims, Gold cannot sustain a rally. Realistically Thursday's data print should have marked the "bottom," and August's three-week seasonal bull market should be well underway. Looking to the Far East, headlines out of China show a deteriorating economic outlook and increased pressure on policymakers to boost monetary and fiscal support. Last Tuesday's Chinese CPI headlines delivered a deflationary -0.3% that will become the wake call for additional stimulus. Remember, China is the world's second-largest economy and one of the largest consumers of commodities and natural resources. Once the stimulus happens, Copper should bottom, and Silver should reverse higher. Like Silver, Gold futures have struggled, slipping another 1.4% on the week, and have repeatedly been a victim of a stronger U.S. Dollar and rising Treasury Yields. Seasonally Gold futures tend to make a near-term bottom in the second week of August and generally rally until the last. This tendency has occurred in 12 out of the past 15 years. Ultimately it will take some concrete evidence that inflation is behind us and a "Fed Pivot" is here to assault a fresh attack on $2000. The market then must punch through resistance levels at $2025 to make a run for all-time highs. We will likely need a substantial breakdown in economic data for that to happen.Longby Phil_Blue_Line3
GC ShortGC is continuing to show weakness. While the long term trajectory is still bullish, there may be an opportunity to play the weakness toward the 1940-1920 range.Shortby randy876448
A new bull cycle for Gold.I don´t publish ideas very often because I see Gold as a long term investment. As depicted in my 2018 analysys, I did call for a bull market cycle to developed from Jun 2018, which so far has made a triple top around USD 2.088. This time I see a huge potential for the next leg up to reach as least USD 2.274 before any significant pullback. The level of resistance still is USD 2.088 however the level of support is still to be determined but is clearly some where between USD 1822 and USD 1880. by torrescesarin1
Gold Keeps Trading Sideways. Here's Why.In early 2020, following the massive injection of liquidity into the financial markets by the Federal Reserve, many onlookers speculated that the price of gold would go on a massive bull run, comparable to the gold super-cycle we saw in the early 2000's: In that market, gold went from ~$260 per ounce to more than $1,600 per ounce, a gain of more than 500% over the course of a decade. This speculation, of course, was founded in the belief that a higher supply of money, as created by the federal reserve in 2020, would lead to devaluation of the dollar against gold, a "hard" asset. What happened, in retrospect, has been something else altogether. The bull run materialized initially, when gold rallied roughly 40% over just 4 and a half months following the initial pandemic shock: However, what followed was somewhat of a nothing burger, as gold has remained largely range-bound between $1,600 and $2,100 throughout 2021, 2022, and now more than half of 2023: This has been a massive disappointment for gold investors, who likely believed that the M2 expansion in 2020 and 2021, followed by the inflation experienced in 2022 and 2023, would set up gold perfectly to outperform the broader market. (Inflation): Why has gold languished? Where is it headed? Here's our thoughts. First - it's important to take a look at the futures curve to get a sense of market expectations: This chart, provided by the kind folks over at COMEX and visualized right here on TradingView, shows that future expiries of the gold contract, going out over the next 6 years, are pricing in a linear ascent for gold between where it is now, at ~1,950, and $2,200. But is this what the market actually thinks? No. This curve is pricing in the expected appreciation over the next 6 years of gold Vs. the dollar -> it's essentially pricing in inflation. That said, it's still useful for getting oriented. In reality, price discovery of supply and demand is still facilitated by the front month, most liquid contract. So why has gold languished? In our view, Bitcoin has played a massive part in stifling gold's potential ascent: In the chart above, you can hardly make out gold's dramatic increase in 2020, due to the magnitude of Bitcoin's percentage rally. Given the similarities between the products, and with many viewing Bitcoin as "Digital Gold" (a view which we hold as well), we may very well be seeing the disruption of gold as a financial instrument in the use case it has, up until now, owned exclusively. Time will tell. In fact, the CME has launched Bitcoin futures - perhaps an omen of this very dynamic. Bitcoin Futures (Ticker "BTC"): As for where gold is headed next; we think gold should break higher above 2,100 at some point due to historical inertia and increased demand within broader jewelry and industrial use cases. When does a breakout happen? It's anyone's guess. However, when that trade emerges, it should be a great opportunity to catch a breakout towards $2,400 & 2,600, the next fib extension levels: We'll be sure to post about it if and when that happens. Cheers! Looking for high-quality market analysis, along with unique trade ideas? Follow us below for more. ⬇️⬇️Editors' picksby PropNotes1616428
#Gold #XAGUSD Two Action AreasIn this update we review the recent price action in Gold and identify the next high probability trade locations and price objectives to target •Past performance not indicative of future results 01:20by Tickmill2
@KTRA01 Mcx Gold Trading Forecast Today.@KTRA01 Mcx Gold Trading Forecast Today. This week start with a heavy selling pressure on gold, currently market In a loop, below 50% fibbo, I m on a bears side but waiting for this breakout/down first. by bigbullenter89113
Gold Futures are searching for a bottom Gold futures remain under pressure, led by better-than-expected employment data and a lack of follow-through on a U.S. credit rating downgrade. If you remember, in 2011, the economy was still struggling to find its footing after the fallout from the financial crisis. Unemployment was hoovering above 8%, GDP was trending below normal levels, and credit spreads were wide, focusing on the "Pigs" (Portugal, Italy, Greece, and Spain). While in 2023, the economy shows signs of strength and resiliency, led by GDP at 2.4% and record-low unemployment rates. It took Friday's surprise miss on payroll data indicating 187,000 jobs created versus 200,000 expected, which helped Gold find its footing and recover from its recent decline. Will one miss be enough to stop the Fed's aggressive stance on interest rate hikes? We will have to wait and see. Tuning into next week's economic data, we will have another round of inflation readings with CPI on Thursday and PPI on Friday. Gold futures bounced off the 200-Day moving average at 1957.7 as traders repositioned for a "Fed Pivot." If we see CPI and PPI moderate around expected levels next week, that should clear the way for another assault on $2000/oz. The market must punch through resistance levels at $2025/oz to make a run for all-time highs. www.tradingview.com CME Real-time Market Data help identify trading set-ups 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 Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.by Phil_Blue_Line4
GC1! Will Fall! Sell! Please, check our technical outlook for GC1!. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1978.1. Taking into consideration the structure & trend analysis, I believe that the market will reach 1963.5 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider111119
GC1! Buyers In Panic! SELL! My dear friends , I analysed this chart on GC1!, and concluded the following: The price is coiling around a solid key level - 1979.0 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Target - 1963.4 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCKShortby AnabelSignals151516
GC1!: Short Signal with Entry/SL/TP GC1! - Classic bearish formation - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short GC1! Entry Level - 1976.8 Stop Loss - 1993.9 Take Profit - 1951.2 Our Risk - 1% Start protection of your profits from higher levels. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals7715
BUY Thai Baht Gold at 31500 Thai Baht Gold is in Downtrend on Daily TF. I am looking forward for pair to touch Demand Zone that starts at 31500. Condition to BUY : If Price breaches upper TL in red color after touching support. We will BUY Thai Baht Gold using Price Action Technique and confirms changing of Trend by create HL on 04 Hour TF. Further more it may react by testing EMA200 on Daily TF. "Analysis by Nomi)Longby mnbarlas-fx1
GOLD futures SELL 5 or 15 min closure below 1867.5 will create a nice sell volume to push it down further to a new low of the day. we are waiting on the FED so I would just get in and get out. Good luck and Goy shaa Shortby gnymjv2
Gold has reached a tradeable bottomGold has reached a low of nearly $1900 today. This is an important low as two different Elliott Wave patterns we are following suggest a strong rally is about to develop. 1. B-wave triangle of a larger zigzag First, today's low may be wave (b) of a triangle pattern (black labels). Therefore, wave (c) will be a rally that carries up to about $1975. After some more sideways slop, this bearish triangle would end and another strong sell off would begin taking gold below $1900 (later in July). 2. Bearish Zigzag Ended Today's low may be the end of a bearish zigzag that started at the May high. A zigzag pattern takes the form of ((a))-((b))-((c)). Wave ((c)) would be an ending diagonal (red labels). Under this pattern, a swift rally would carry up to $2,000 and possibly higher. The RSI divergence at today's low suggests bearish momentum has slowed and a rally is about to begin.Longby JWagnerFXTraderUpdated 1111
Gold Reached a Temporary High - Sub $1900 on the HorizonBack on June 29, we highlighted how Gold was poised to rally to $1975 and possibly $2000. Earlier this week, Gold reached $2010 and is now poised to dump below $1900. It appears this week's high was wave ((x)) of a double zigzag. That means wave ((y)) will unfold to the downside reaching $1850-$1880 and possibly $1750-$1780. Though we are halfway through this quarter, I suspect this will be a multi-month decline that could bottom out in Q4 2023. The price levels are more important to determine the bottom than the timing window.Shortby JWagnerFXTrader3
Trade idea Gold Future GC DEC23 on 55minthis is the result of my analysis about the 55 min chart possible price action develepement. Just an idea, nothing seriouse. Worth to monitor ;) Pls leave a like when it worked out Das ist das Ergebnis meiner Analyse über den 55 min Chart mögliche Preisentwicklung. Nur eine idee, nichts gravierendes. Wert, im Auge zu behalten ;) Bitte liken wenn es gefälltShortby kiaZar6
Trade idea Gold Future GC DEC23 on 1D this is the result of my analysis about the 1D chart possible price action develepement. Just an idea, nothing seriouse. Worth to monitor ;) Pls leave a like when it worked out Das ist das Ergebnis meiner Analyse über den 1D Chart mögliche Preisentwicklung. Nur eine idee, nichts gravierendes. Wert, im Auge zu behalten ;) Bitte liken wenn es gefälltShortby kiaZar3
#GC #GOLD #XAGUSD Target Equality ObjectiveIn 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 •Past performance not indicative of future results 01:07by Tickmill7
Gold futures Sell5 or 15 min closure below 1984.6 will create an opportunity to test the lows and possibly fill the gap in the coming days. Good luck and Goy Shaa Shortby gnymjv0
Gold - $2,000 Is a Death TrapThis is a follow up to my June 2 call for a new ATH on Gold, that will be bearish, instead of bullish: Gold - When A New ATH Prints, Will You Get Trapped? In the process of tracking this, price action did not meet expectations (in the sense that it has not traded low enough), and so I began to reconsider the overall topography of the market. Also, right now, I have an open call on silver for $33: Silver - 33 Moons However, as price has not traded down the levels I regard as requisite to trigger a bull impulse, while I still believe that these high prices will manifest in the future, the market makers desire lower prices first. One thing to note about gold is both the monthly and weekly bars are actually bearish despite price having formed a long-term triple top: But in the shorter term (1H-4H-1D) candles, gold is clearly heading towards higher prices after bouncing exactly over $1,900. As I've said before, one of the problems with a metals bull market right now is that Xi Jinping and the Chinese government (the Chinese Communist Party) have amassed a large amount of gold in recent months. China's economy is doing extremely poorly following the decimation of the Party by Wuhan Pneumonia and the CCP faces threats on all sides, especially from the International Rules Based Order who now chatters about "de-risking" from China. Since the United States tends to be the market maker of everything, this is trouble for China's central bank. Large stocks of gold and a heavily declining price will put the regime in a great deal of trouble, depleting the money it has available for buying people off. And this is a huge geopolitical threat, for Xi Jinping has one Trump card to play: throw away the CCP in the middle of Beijing time, which is the U.S. night, and weaponize the 24-year-long persecution and genocide against Falun Dafa (Falun Gong) meditation, which was launched by Jiang Zemin and its band of toad cronies in Shanghai. Another thing to note is since the pandemic crash, BUT BEFORE 2022, gold has had something of an inverse covariance with the SPX and the SPX has an inverse covariance with the USD. But after 2022, gold has traded mostly in lockstep with the SPX, although in recent days and weeks that has begun to decouple. Looking at the daily covariance, gold and the USD have an inverse covariance with the overextended equities market: And I anticipate a USD rally, as I state here: DXY - The US Petrdollar And The "Prigozhin Coup" In Russia Since I believe what the market makers have in store for us is a significant downtrend in the equities market until September: SPX/ES - An Analysis Of The 'JPM Collar' Gold setting a new high right now doesn't make sense. And so what I believe will happen is the target for the algorithm right now is $2,030, and it amounts to a short squeeze/bull trap. This will both take out the June high and draw in buyside demand over the $2,000 level, since retail goldbugs are always pining for a new all time high. But the rally will fail, again, and the markets at large will fail again (except for Natural Gas). Natural Gas - The Girl Who Hopes You Remember Her And as the rally fails we'll see lower prices. Probably ending in the $1,800 range. This amounts to a 10%~ drop and is pretty painful if you're sitting leveraged long and even worse if you're leveraged on call options. If $1,800 is violated, then the top is probably already in, in my opinion. So, be careful and make sure you practice social distancing from atheism, Marxist-Leninism, the Theory of Evolution, QAnon, and the CCP itself. Long gold is about returning to tradition, and mankind's Heaven sent traditions are even more luminous than an entire vault of 100.00% pure AU.Shortby LordWrymouthUpdated 1115