gold long from contracting formationgold long from contracting formation 1:1 move to 2.16kLongby zergburUpdated 0
Gold continues sideway below $2,000Gold continues to consolidate at the 2000 resistance point. Opportunities can be identified if the 2000 resistance is breached, where price can potentially head towards 2040 region. However, if the 1940 support is breached, price can potentially can head towards the 1900.by TrainingTrader1
Gold longBuy: 1998.6 or lower Stop: 1992 Notes: Gold at cycle highes so far lets see if that continues The model: The Ingenuity Trading Model is a Geometric Markov Model with specific inputs related to Price, Time, Volume , and Volatility. The model attempts to predict local minimums and maximums in price on a daily and weekly basis. A fancy way of saying a trading system that detects specific patterns in price, time, volume, and volatility and indicates whether to buy or sell. On winning trades after 1 day take at least ⅓ of the position off and move stop to breakeven Longby IngenuityTrading332
Gold Testing New Highs!Gold has been on a tear since the March lows, where we saw a bit of a double bottom, and have rallied out above the significant resistance level near 2000-2003. As we’re seeing Crude oil rip higher here today up over $4, there could be implications with the FED and their assumed rate hikes, and after this move in Crude, the probability of a 25 basis point rate hike rose from 48.4% to 58.3%. Another development to keep an eye on is the dollar testing a major support level going back to February of 2022, and a break below here could be a strong catalyst for Gold and the other precious metals to move higher. If you are bullish on Gold, look for the market to take out the recent high near 2014-2016 on a closing basis, and on the support side keep an eye on the 1939.2 level to potentially look to scale into the market on a pullback. by Ryan_Gorman2
classic ascending triangleGold is really starting to squeeze here inside the probable continuation pattern.Longby DollarCostAverage1
LBS1! GC1! CL1!4.3.23 This chart should have been labeled Bobby's homework assignment Because the follow-up from last night is very important.19:12by ScottBogatin6
$XAUUSD is testing the channel upside resistanceThis is a strong upside resistance zone 2010-2020 and the instrument $XAUUSD is within the rising wedge as the situation is looking quite bearishby ewaction1
The Gold Odyssey - incoming, but wait...Ended the previous post on The Gold Odyssey (27 Dec 2022) with: So heads up, watch MAy 2023 for Gold prices to rally. Indeed the Down and then Uppish happened. Now, with the monthly chart, we find gold again at the border of the Constipation Box and people are getting all excited about it. I had questions about my views so I started to relook, a tad earlier than I really should (remember May 2023?) So, this chart was actually in response to someone who said that "gold always goes up" in conversation. I did not think it is "always" so I looked into the longer term and viola... The Constipation Boxes. Long term retracements can be 20-50% from peaks, and $300-400 multi-year ranges are observed. Therefore, it is opined that Gold buying should be closer to the bottom of the ranges (eg. 1 Nov 2022) or at least when technical indicators are more aligned and on your bullish side. IF you trace back, I bought Gold on 29 April 2019, two weeks after Trump launched the trade war of sorts. And released all Gold holdings on 9 August 2020. It has been a bit of a wait to get into a similarly bullish situation... The previous month closed nicely bullish, but it appears to be a little too close to the upper range, even though the technical indicators look like a bullish turnabout. Furthermore, the past three months appear reminiscent of a Bearish Sandwich Stack candlestick formation . So, let's just say that this is either 1. an imminent very bullish breakout; or 2. a bull trap to return back within the box for the next launch (possibly from about 18##) Am more inclined with the latter personally, but that's just me and my overall observations. Still maintain as per previous Gold Odyssey conclusion. by Auguraltrader7
GCM3 High: 2016.00 Low: 1957.00 SidewaysWeekly Kickoff levels are longer timeframe levels where we believe longer time traders will adjust inventories.by TopstepOfficial0
Gold3.30.23 Gold is probably going to go higher because it looks like the dollar is going to go lower. We looked at a reversal pattern on gold a couple days ago where we should have been buyers. If I were already Long on this market I might maintain my long trade, But if I were flat I would not buy to open because these markets too many times break out higher and then correct back into the range box where I am going to get stopped out... so I don't do it. there are other features explained in the video that can be very helpful for you to find an opportunity with a realistic stop and a realistic target Using a range box. Generally, I think many Traders take too many trades and end up Making very little return or they lose money. But in this example where the market Was trending and then made a significant reversal to set up a range box, This is a good opportunity to scalp the market as long as you respect the range box and trade the market as a range and not a trend. It's important to trade ranges differently than you trade Trends.. and it is very easy to assume the point of view as a Trending market when it really is not trending... and you can lose all your profits very quickly. In this example you have to spend a little more time as a range Trader, but in it becomes easer it you respect the range.20:00by ScottBogatin118
GC1: Sell ideaOn GC1 as you see on the chart we have a sell idea because we have the breakout with force the vwap and the support line.Thanks!Shortby PAZINI191
Bank Run to Gold Rush Gold rush up accordingly to each major news during the bank run crisis in March. Problem seems to subside for now. We will explore the possibility of a contagion effect to a wider bank run in this video. A story of having too much money problem • It is a bank – need to pay interest to depositors • During pandemic - invested 10yrs bonds yield average 1.79% • Before Feb 2022 Fed fund rate at 0.25% • Mar 2023 Fed fund rate at 5% How about the other banks, will they also have a similar problem in time to come? With uncertainty still lingering I am seeing opportunities in Gold, other precious metals and commodities. 3 types of gold for trading: • COMEX Gold 0.10 per troy ounce = $10.00 • E-mini Gold 0.25 per troy ounce = $12.50 • Micro Gold 0.10 per troy ounce = $1.00 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time 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 www.tradingview.com Long07:47by konhow115
Gold Futures Symmetrical Triangle. no TRADE at the moment wait for for on either side but the probability is high towards the upsideby SMS141
How To Trade the Triangle Consolidation Pattern!Hey Traders today I wanted to take a step back and show new traders the proper way of entering the market when it's consolidating in a triangle. Triangles are very common in trading and know how to identify them on your charts is a great tool to add to your trading arnsenal. Triangles can lead to explosive moves in financial markets so lets dive in and break it down to a science of how to trade it. Enjoy Trade Well, CliffordEditors' picksEducation13:43by TradeTheIndex3636447
Gold bullish trendAccording to my graphical analysis of the Gold future , there is a probability of an increase towards the 1998 $ level in the next few days .by Azer331
GC1: Sell ideaSell idea on GC1 as you see on the chart because we have the breakout of the vwap indicator.Thanks!Shortby PAZINI191
GC1 shortgold is bearish as per the levels shown in the chart it will rise up till the previous hihs and that will be the best time to short - please use small small qtys to take the short . swing high +0.30 should be the stoploss . Shortby hb17811
Bobby's Homework Assignment3.29.23 Bobby's homework assignment part 2 The first part on lumber Is pretty good in that it's reflecting what I think about the market. It is up to you to decide if this kind of information is useful . I didn't really like the way the rest of the video Worked out..... so I had to make a decision to delete the video and wait for another day, or I post the video with a warning. I didn't like my impatience and criticism at the end of the video. I am sorry about that. I generally get up very early in the morning before my alarm goes off and I plan to do Things that have nothing to do with the market but they are very important to me..... and yet I told myself I can do a quick video and then I can do the things that I really have to do..... and it never works out that way. I thought I would do a video in about 20 minutes and at the end of it it's an hour and 15 minutes or more... so I get cantankerous. The markets are very very dangerous right now. The US dollar Is on life support with very corrupt and management by our government. It's very hard to buy gold now and some of the coins have a lag time of a month or more. Countries are actively accumulating gold now and if they want it, they get it first. Silver Sells at about $18 above its spot price and there is a lag on certain silver coins as well. This is what you would expect when a currency Loses its position as the reserve currency And the market goes into a hyperinflation.... which is a terminal event always for a currency.... there have never been any Exceptions yet. There could be a point where Coin dealers will not accept US dollars Seeking to buy gold and silver. Baby that's why I am a little more cranky than usual.19:22by ScottBogatin6
Bobby's Homework Assignment3.28.23 The whole video Deals with one chart on gold . There are two horizontal lines and one ABCD pattern.I spent the whole video on analyzing market behavior for yesterday and for today even though we still have a lot more time left today. It's very important to understand the thinking behind the market dynamics as I would call it Looking at support and resistance and the Dynamics of market action when the bars change direction . There are rules for how you should deal when bars change direction... and how this changes your opinion about the market when you thinking terms of buying gaps and selling gaps. If the terminology Is unclear to you , then look at the video and slow down the video and think about it... and then you can call it anything you want. When I get to the part when I say you have to think in terms of what the market does, And also what it doesn't do... and that this is critical to your thinking.... stop the video and think about it and then call it anything you want..... use your own vocabulary but understand the premise so that when you're actively looking at a market you will take into account the Dynamics which are very easy to see on this chart.... and then work with it to develop your sense of comfort..... and it may take some time, But if you actually do this homework... you may have a lot of questions, But if you actually persist you have a strong chance of developing your ability to read the market and make money from trading. I know this is not the end all and guarantee..... but I would bet that most beginning Traders and Traders with a lot of screen time Are completely in the dark about what markets are doing much of the time... and I would guess that if they were pressed in real time to make a decision about the market, They would have nothing particular to say and in effect have no opinion or An incorrect bias because they Are not focused on certain Dynamics about the market... they may be focused on something that's more emotional... as opposed to Dynamics Based on the chart itself. Some of this you'll have to decide on Your own... as there's always A chance that you will have some decisions that are more biased and less objective than you would like them to be.... this is Trading. It is not an accident that I talked about a hypothetical when I was looking at the ABCD pattern and I gave you an example of how the market might have changed my opinion on one bar.... this did not happen.... and the graphics weren't that clear because it was a hypothetical that never happened and I didn't have time to make it clear on a short video.... go back and listen to it and put that piece of information into your mind and just think about it because the markets can always give you information that will cast doubt and may influence trade decisions and this is important to acknowledge. Generally. I tend to avoid the very small time frames because they generate more trades, more losses, More lost opportunity and more stress... in general for me... and I'm guessing the same is true for many Traders. Study the video. ..19:57by ScottBogatin118
Gold setupBuy: 1958.7 or lower Stop: 1944 Notes The model: The Ingenuity Trading Model is a Geometric Markov Model with specific inputs related to Price, Time, Volume , and Volatility. The model attempts to predict local minimums and maximums in price on a daily and weekly basis. A fancy way of saying a trading system that detects specific patterns in price, time, volume, and volatility and indicates whether to buy or sell. On winning trades after 1 day take at least ⅓ of the position off and move stop to breakeven Longby IngenuityTrading2
What would happen if Russia pegged the Chinese yuan to gold?If Putin goes ahead with pegging the Chinese Yuan to gold instead of the US Dollar a number of things can happen. Factor #1: US Dollar will be challenged This will for the first time, challenge the US dollar's status as the world's dominant reserve currency. People may look to invest elsewhere, which could cause instability. Factor #2: Domino effect There could be an effect where other countries may follow suit and start pegging not only YUAN but maybe even their currencies to gold as well. Factor #3: Yuan could be the next reserve currency This move could be the start of Chinese yuan’s step to power and control. It could get to the stage where the value of the yuan would be determined by the price of gold, rather than the value of the US dollar. Factor #4: Demand will pick up and other countries will hold gold This move could result in countries increasing their gold reserves, which could lead to a further increase in the demand for gold. The demand for gold would increase, which could drive up the price of gold in the short term. Factor #5: Bad for the US dollar The US dollar would likely depreciate against other major currencies, such as the euro and yen, as investors shift their focus away from the dollar. The US would face increased competition in international trade, as other countries begin to use the yuan as a reserve currency instead of the dollar. Factor #6: More power for China China's economic power would increase, as it becomes more closely tied to the global gold market. Factor #7: Strong partnership between Russia and China Not only will Putin and Xi be making more crepes together, they will also be making more gold. The move would also strengthen Russia's position in the global financial system, as it becomes a key player in the gold market. Factor #8: The shift of the New World Order The stability of the global financial system would be threatened, as it adjusts to a new world order with a different reserve currency. Also the move could lead to increased geopolitical tensions, as countries jostle for position in a new world order dominated by gold instead of the US dollar. Have I missed anything? Educationby Timonrosso224
Gold Drawing XABCD GOLD if XABCD pattern drawing work than we can see huge Downside mcxgold. Already best shortsell Zone we saw 60600 60750 target can we see 58700 56800 to 53800+++ Best BD point 57900 58500.Shortby JAIMATADUpdated 0