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GOLDQ2020 trade ideas

Gold: Do not slacken! 🥱Gold could not yet gain significantly more upward momentum. Therefore, we still consider it 40% likely that the precious metal will drop directly below the support at $2285, thus confirming an already established high of the turquoise wave alt.B. In this case, our turquoise Target Zone would not be reached anymore. Primarily, however, we stick to our expectation that Gold will rise into our turquoise Zone between $2510 and $2631 to place the top of the regular wave B there.
COMEX:GC1!Long
by MarketIntel
Is The Next Upside Target For Gold $2500/oz?Technical Momentum Strengthens Gold Futures hit an all-time high in 2024 at $2,454 on the June futures contract on May 20th. Since then, futures have corrected; however, gold remains firmly above the rising 50-day moving average at $2,332 and well above the 200-day moving average at $2111. The technical perspective shows momentum studies increasing, with the 9-day moving average trading above the 18-day. Stochastics are rising from oversold territory, and DMI + above DMI- , indicating that the bulls are technically in control. Tailwinds Continue to Develop With a 0% chance of a June rate cut, according to the CME FedWatch Tool, traders are focused on September; swaps are pricing in a 58% chance that the Fed will make its first interest rate hike in the cycle. Geopolitical tensions, rampant fiscal spending, and central bank buying have been the main drivers and have significantly propelled Gold prices recently. Industrial Metals Strengthen Performance remains strong in the Precious Metals space and has continued to spill into the industrial complex. Traders continue to monitor manufacturing, Chinese Economic data, and the U.S. economy, which have recently driven copper futures back over $5.00/pound and Silver over $32.00/oz. 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.
COMEX:GC1!Long
by Phil_Blue_Line
GOLD (GCM2024, XAUUSD)... BULLISH BIAS!Bias is Bullish. Price is moving up with convincing momentum. Respecting bullish PD Arrays, disrespecting bearish ones. No signs of reversal. The intent to reach the DOL/Swing High seems clear. The expectation is for Gold to make further gains. A potential pullback to 2400 area would make sense as a zone to buy from, as buying from the top is not recommended. Thank you for viewing! Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! May profits be upon you.
COMEX:GC1!Long
by RT_Money
1
Gold COMEX Future - Intraday Levels - 15th May 2024*ONLY MAJOR LEVEL* also refer yesterdays level if Sustain above 2365.3 then bullish then 2375 then 2383.1 then 2395.3 to 2399.4 then 2411.8 to 2417.1 then 2420 then 2420.9 above this more bullish if Sustain Below 2360.3 or 2358.2 below this bearish then 2346.3 then 2338.2 to 2324.1 below this more bearish Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
COMEX:GC1!
by PrashantTaralkar
Gold Futures Target All-Time HighsTechnical Momentum Strengthens Gold Futures hit an all-time high in 2024 at $2,448 on the June futures contract on April 12. Since then, futures have corrected; however, gold remains firmly above the rising 50-day moving average at $2,294 and well above the 200-day moving average at $2101. The technical perspective shows momentum studies increasing, with the 9-day moving average trading above the 18-day. Stochastics are rising from oversold territory, and DMI + above DMI- , indicating that the bulls are technically in control. Tailwinds Continue to Develop With a 3% chance of a June rate cut, according to the CME FedWatch Tool, traders are focused on September; swaps are pricing in a 65% chance that the Fed will make its first interest rate hike in the cycle. Geopolitical tensions, rampant fiscal spending, and central bank buying have been the main drivers and have significantly propelled Gold prices recently. Industrial Metals Strengthen Performance remains strong in the Precious Metals space and has continued to spill into the industrial complex. Traders continue to monitor manufacturing, Chinese Economic data, and the U.S. economy. 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.
COMEX:GC1!Long
by Phil_Blue_Line
Gold Futures Target All-Time HighsTechnical Momentum Strengthens Gold Futures hit an all-time high in 2024 at $2,448 on the June futures contract on April 12. Since then, futures have corrected; however, gold remains firmly above the rising 50-day moving average at $2,294 and well above the 200-day moving average at $2101. The technical perspective shows momentum studies increasing, with the 9-day moving average trading above the 18-day. Stochastics are rising from oversold territory, and DMI + above DMI- , indicating that the bulls are technically in control. Tailwinds Continue to Develop With a 3% chance of a June rate cut, according to the CME's Fedwatch tool, traders are focused on September; swaps are pricing in a 65% chance that the Fed will make its first interest rate hike in the cycle. Geopolitical tensions, rampant fiscal spending, and central bank buying have been the main drivers and have significantly propelled Gold prices recently. Industrial Metals Strengthen Performance remains strong in the Precious Metals space and has continued to spill into the industrial complex. Traders continue to monitor manufacturing, Chinese Economic data, and the U.S. economy. 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.
COMEX:GC1!Long
by Phil_Blue_Line
GOLD Price Stability Amid Rising Global TensionsOn Tuesday, the price of gold stabilized as mounting geopolitical tensions spurred demand for the safe-haven asset. Escalating protests against Israel’s presence in Gaza, Russia’s initiation of a new conflict in Ukraine, and concerns regarding potential disruptions in global trade have heightened the perception of geopolitical risk. The decision by BRICS nations to reduce reliance on the US Dollar for international trade transactions has bolstered interest in gold as an alternative. Consequently, there has been a notable increase in non-Western central banks' demand for gold, accompanied by a corresponding decrease in US Dollar reserves. Gold is being considered as a viable substitute for the US Dollar as a secure store of value in international trade agreements involving nations with volatile domestic currencies, as per insights from the Carnegie Endowment for International Peace, a Washington-based advisory service. From a technical standpoint, analysis of the H4 timeframe reveals a divergence in the cumulative delta, with the preceding candle exhibiting a negative cumulative delta while the current candle shows a positive delta. The previous candle effectively absorbed all inefficiency orders from sellers, forming an absorption candle characterized by a long spike, while the current candle is endeavoring to elevate buyer volume. There is potential for the current candle to retest the previous candle's point of control (POC) to attract new buyers at a discounted rate. Our strategy revolves around a long setup with a target aimed at the previous fair value area.
COMEX:GC1!Long
by FOREXN1
2
Gold COMEX Future - Intraday Levels - 14th May 2024if Sustain above 2343.9 then 2347.1 then 2351.1 to 2352.3 then 2355.4 above this bullish then 2358.4 then 2362.4 to 2363.7 then 2366.9 above this more bullish if Sustain Below 2340.8 or 2339.9 below this bearish then 2335.9 then 2332.4 then 2329.3 to 2328.6 below this more bearish Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
COMEX:GC1!
by PrashantTaralkar
2024-05-13 - a daily price action after hour update - gold Good Evening, I hope you had a great weekend and you are well. overall market comment Very slow and range bound trading day in most markets, so only a short update today because my nothing in my weekly premise changed today. gold comment: Market is forming a triangle and since we are near the low, bulls are expected to buy it above 2312 to not make lower lows and trade it back up to around 2370ish. current market cycle: trading range key levels: 2300 - 2400 bull case: Bulls need to keep it above 2312 and trade back up inside the triangle for target 2370ish which is also today’s high and near the breakout level from one month ago. First target is a break of the 1h 20ema around 2350, small pullback to form a higher low and then a bull channel up to 2370. Pattern could probably play out until CPI release on Wednesday. bear case: If bears are strong, they would print below 2310 tomorrow to make many bulls doubt this will retest the highs above 2400 again. If they could manage that, their next target would be 2300 and there is bulls last hope for not a big bear trend down to 2050 over the next weeks. Invalid above 2355. short term: Sideways to up - Got the expected pull-back which was deeper than I thought. Now probably back up again. medium-long term: Still no better opinion on this to be honest. I don’t like to get into the speculations why the Gold price is where it is. I have been saying that the market was very unusual over the last 2 months to say the least. It would not surprise me, if we just continue the selling all the way back to 2100 and lower. —unchanged trade of the day: The bear channel was pitch perfect and held all day. 15m or 1h 20ema were also a nice guides for initiating or adding to shorts.
COMEX_MINI:MGC1!Long
by priceactiontds
Gold Futures Day Trading Analysis 📋Gold Futures, it's nice to see a strong buying reaction at the price of 2343. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
COMEX:GC1!
by Trader_Dale
2024-05-09 - a daily price action after hour update - gold Good Evening and I hope you are well. Gold comment: Strong buying today and bulls made a higher low and higher highs. Please have a look at my chart, which contains my next best guess on what could happen. 2375ish has enough targets to be a magnet above but I don’t think we can get there without a pull-back. A retest of 2448 is still very possible. current market cycle: trading range key levels: 2300 - 2400 bull case: The 4h tf looks easy but bears got deep pull-backs today. Bulls completed a 3 push pattern upwards and I expect a two-legged correction before we try higher again. Invalid below 2320. Targets above are 2360 and 2375ish above. bear case: It’s still inside a big trading range and market is two sided, despite the higher prices. Bears selling new highs and making money, so don’t just stop that. As long as bears keep this below 2365, it’s a lower high inside this large bull flag from the ath 2448. Bears targets are trading below 1h 20ema 2333 and then retest 2313 and then break out of the bull channel again. Invalid above 2380. short term: Sideways to up - expecting a smaller pull-back before another try to break 2370. medium-long term: Still no better opinion on this to be honest. I don’t like to get into the speculations why the Gold price is where it is. I have been saying that the market was very unusual over the last 2 months to say the least. It would not surprise me, if we just continue the selling all the way back to 2100 and lower. trade of the day: Big breakout before US session above 2330, retest down to 2320 on smaller time frames and then a perfect buy signal after the retest. Breakout → Pull-back → long/short (continuation of breakout) are very strong and reliable patterns.
COMEX_MINI:MGC1!Long
by priceactiontds