Gold Futures
COMEX:GC1!
Yesterday's gold deal saw a very strong drop from the strong supply area set and currently heading to the specific demand area belo
Bullish on gold from positional point of view.
P.S: Given are my personal opinion on gold & are not buy or sell recomendation. Kindly please consult your SEBI registered financial advisor before making any trade or investment as the capital markets are subject to market risk & market volatility. Please asses your risk and reward before making any investment.
For today's gold, beware of dropping down and confirming the support again before the start of a strong climb, so in terms of thinking, choose to go empty first and then buy more, and then look at the rise.
The specific reasons are as follows:
1. The previous Monday and Tuesday were corrections to the sharp drop in non-farm payrolls last Friday.
After the...
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- Longing /MGC here looking for buyside liquidity to be taken, as it looks here like price is bouncing off a 15min fair value gap (fvg)
> I do not claim to be an expert in ICT concepts.
Judging from the current market, the cross K with the long upper shadow line of the daily chart combination K increases the overcast, which means that the adjustment will continue, and the short-term staged top will appear, and the history of the market outlook will continue to be staged. We see the first two waves Back to the 1860 line, the first time back to the...
As mentioned in our previous posts, breakout of the 2025 resistance region can push price towards the 2080 resistance region.
However price fell back to the range. In this new scenario, if price were to break above the 2038 region, price can push towards 2100 while if price falls below 1985, price can descend towards 1942 region.
Gold Futures
COMEX:GC1!
Gold is in an area between demand prices and offer and we note that it has a viewing area that has been tested and is likely to continue to fall to the strong demand area specified below
Did Gold on the weekly chart because its pretty range bound, although the intra-day moves have been pretty aggressive not always noticeable on higher timeframe charts.
I will post a 4 hourly chart to break down the critical resistance at $2090, see if we can add some meat to the bone !!
Everyone has seen the market in the past few days. In fact, it is not very easy to operate. All kinds of news are pervasive and data-intensive. For trend operators, it is actually difficult to follow recently. Gold breaks through new highs, and the Dayang line continues to rise. Trend operations must continue to fall and go long. However, gold fell directly...
5.5.23 This is the second video today with a follow-up on both markets ....Coffee And gold. As we review the market only minutes after the first video there may even be second chances Based on the current Price location on both coffee and gold,.... just take a look and think about it, try to study the dialogue on these two videos and draw the lines on your own...
Gold daily bearish divergences are warning of a pullback. It certainly can go higher to take out stops above 2100 but I don't that rally would last. Maybe demand for the USD is coming again as everyone is bearish on the dollar at this point.....
Various lines on the chart can be targets.
This is very similar to a Wyckoff distribution top so a thrust slightly...
Gold futures spent late April in a tight range, but now they’re approaching record levels as fears spread about banks and the debt ceiling.
The first pattern on today’s chart is the February high around 1975. GC’s latest pullback bottomed above that peak, which suggests new support is above old resistance. Does that reflect an uptrend?
Second, Bollinger...
