Spring effect:As you see on the chart we have a spring effect on vwap indicator it's mean that we will have a big probabilitty of an uptrend.Thanks.by PAZINI19112
Heavens gonna happen nowTop should happen end this week or beginning next one (monday - tuesday) That would mean futures arnu 1880-1890, with DXY (dollar index) 102-103 points. After that a correction for a bullish continuation. Bull is here to stay and could probably see again the hights of previous years this spring. So.. GDXJ around 41$-42$ also. GDX around 33$ too by the end of this week. Heavens on fire ( The Radio Dept.) www.youtube.com Enjoy this band, as I do. Longby JAY_c5velmUpdated 336
Gold reached KEY RESISTANCEGold continued to push towards the upside last week and is reaching key resistance region at 1880. Momentum has been relatively strong only the weekly chart and we expect Gold to experience some retracement since the 1880 key mid range resistance is reached...entries should only be entered upon confirmationShortby TrainingTrader4
GC:Next week Ideas January second week trade ideas. If those prices hold, I will trade.by togofutures1
Will Gold Hit a Record High in 2023?Gold moved opposite to the dollar in 2022. Since the greenback has been strengthening against major currencies, the gold did not perform very well and reached a low of USD1,618 (COMEX Gold Futures) before recovering by the end of the year. However, things might change in 2023 and there are several important factors supporting the gold price. We might expect gold to hit a record high this year. ● Dollar weakness Strong dollar pressed gold in 2022, but we expect the greenback will be on the defensive in 2023, since the end of the hiking cycle will not widen the interest rate differential further. Recession will also likely press the dollar if there is any expectation of an interest rate cut. I expect the dollar index might retreat to 94, which will give a strong boost to gold. ● Fed hike cycle ends in Q1 Even though the terminal rate will be 5.0%-5.25%, I expect that the Fed will end the hiking cycle by Q1 via delivering a 50 bp hike in February followed by a 25bp hike in March. High interest rate is negative to gold since gold doesn’t bear any interest. A full stop of the interest rate hikes should eliminate the pressure on gold we experienced in 2022. ● Recession fears bring risk aversion demand Since we will likely have a recession in 2023, the risk aversion demand will help gold. Safe-haven flow due to uncertainty will be the major source of rally for gold. The deeper the recession, the higher the gold will rise. Historically, gold will outperform in the event of a recession. ● Stronger demand from China We might expect more demand from China in 2023, as the economy finally reopened and people’s lives will eventually be back to normal after 3 years of covid zero restriction. In fact, China’s gold demand in Q3 had already improved. In addition to higher jewellery demand, gold will also be a good hedge against any potential debt or economic crisis. ● Lower inflation will not hurt gold Inflation is usually not a good indicator to trade gold, since the monetary policy affected by inflation will dominate instead, unless we have runaway inflation that might boost safe-haven demand, which is not the case right now since inflation has peaked. Buying or selling gold because of higher or lower inflation is usually not a wise bet. ● Technical breakthrough Gold formed a strong base during the Oct/Nov period in 2022, and the breakthrough of the downtrend was a strong reversal signal. The gold is on the uptrend right now, and the first important resistance is around 1,880, followed by a physiological resistance of 2,000 before challenging record high. Strategy is to accumulate positions around 1,850 and wait for a record high. Stop loss the position if gold retreats to 1,730. Disclaimers Above information are for illustration only and there is no guarantee on the accuracy of the information. They should not be treated as investment recommendations or advices. CME Real-time Market Data help identify trade set-ups and express my market views. If you have futures in your trading portfolio, check out on CME Group data plans in TradingView that suit your trading needs www.tradingview.comLongby FOTrading1
Gold: a harbinger of world cataclysm.While the forecast on small degrees, which is updated here on the 7th of each month, continues to come true, let's talk about the future, not about trading. So, the ending diagonal in a cyclic wave "V" is forming, with the alternative being impulse. These calculations are very similar by the nature of the expected movement, with the only exception that impulse (D) of will not break the historical maximum, and (Y) of of the ending diagonal will do so for sure. Next and before that, everything is identical. Competent investors, some of whom subscribe to 89WAVES, have been flipping from stocks to paper gold all last year - a strategy that has produced substantial profits or reduced losses in the stock market. And all through this year, that approach will continue to pay off - gold will continue to rise, but now it will probably do so along with stocks. After the U.S. indices and gold updated to historic highs twice, it will be necessary to get out of speculative assets into gold physical, despite its potential fall in the wave - we watch the quotations of paper gold, and everything else will fall even more strongly. The end of the wave is the beginning of a global cataclysm that will bury all markets for decades: crypto, stock, debt, paper and commodities and the rest. We will not come to this point before the end of this year - it is necessary to have time to prepare. And I will help you in this, all you need to do is to check the subscription watch new forecasts. Longby IgorFlow117
GOLD LOOKS LIKE A NO-BRAINER TOWARDS 1880-1900! Very likely 1900+ to take-out stops above 1880...👍😎 Also,1840 was best long entry at bottom of corrective wave 4!by ScotThomsen0
GCG3 High: 1911.00 Low: 1822.00 HigherWeekly Kickoff levels are longer timeframe levels where we believe longer time traders will adjust inventories.Longby TopstepOfficial0
Gold May Reach New All-Time Highs Early In Q3:2023My research suggests Gold may continue to rally above $2079 in early July 2023. I believe the current US/Global market crisis event is very unique - something many people fail to understand. Many professional analysts have gotten married to the 2008 market collapse scenario. I'm watching dozens of posts on social media and other sites where everyone is uber short. I don't understand why it seems so many people fail to understand the real context of the global markets right now. In my opinion, this is 2003-05 all over again - mixed with a bit of 1993~1997. Few people really understand what I'm talking about. Let's see if you can tell me what you see in the markets right now. The biggest opportunity of your life is about to unfold. Get ready for a big WAVE-5 Rally.Longby BradMatheny332
GCG2 High: 1911.00 Low: 1822.00 HigherWeekly Kickoff levels are longer timeframe levels where we believe longer time traders will adjust inventories.Longby TopstepOfficial0
Analysis: two possiblitiesAs you see on the chart we could have an uptrend if we have the breakout with strenght the vwap indicator and the resistance line by a big green candle with a large green volume. In other hand, we could have also a downtrend if we have the breakout with strenght the vwap indicator by a big red candle with a large red volume. Thanks.by PAZINI192
GOLD FUTURESGOLD FUTURES As we said in the previous analysis, he penetrated the strongest resistance zone, or a very strong display area, and he went up, and we could see a very strong retest, and who was aggressively climbed to the previous summitShortby ELHASSANE-TRA1
Gold Prices Shape Diagonal PatternGold prices appear to be forming an Elliott Wave diagonal pattern. This pattern is confirmed on a break down below the support trend line near $1820. If this is a leading diagonal, then a correction to $1710 is considered the next "normal" move. If this is an ending diagonal, then a correction to below $1620 would be expected. This pattern is valid so long as yesterday's high holds and the support trend line breaks.Shortby JWagnerFXTrader5
GOLD on par to $1,935The analysis is still looking strong from the last time we did one on Gold Cup and Handle is still in play and 7 > 21 >200 MA Target $1,935 BULLISH! The rally in the gold market this week comes amid the shaky global stocks markets and worries about rising Covid infections in China continuing to crimp the world's second-largest economy. The key outside markets today see the U.S. dollar index lower. Are you bullish or bearish? Trade well, live free Timon MATI Trader (Since 2003). Longby Timonrosso115
Gold has reached it's target areaWe are now backtesting the weekly trendline and reached the weekly upper BB. In my opinion it's time to take profits and (possibly) collect shorts. They could go a bit higher to spike through the trendline first. Getting above 1900 on a weekly close would be very bullish for gold and we could see all time highs in 2023. My guess is a pullback here at least for now. Good luck!by the_sunship226
Gold corrective deline before another impulsive riseIt is possible setup is forming in GOLD for a short position. Under the Basic scenario, there was wave 4 (flat shape). There is a first impulse to the upside has been finished, not the corrective decline in the process. As usual fibo levels are used for the possible end of the correction (50%-61.8%). The Alternative scenario has the same direction from the short-term perspective, but in the long run, there is supposed to be a triangle where Gold only finished the first wave ((a)). Longby Yoo_CoolUpdated 221