gold is sideways marketsupport at 1950/40, and major support at 1780 to 1820 , to be tested to break resistance 2020 to 2050by POPPOPPUUpdated 0
GC1!6.8.23 This video is mostly about Coils. I try to avoid coils because they are very stressful and they have very poor risk reward Parameters..... and it's just better to look elsewhere. This video Gives you a symbolism about how markets evolve out of the coil. It is not a perfect symbolism... but I use it because it keeps me out of trouble more often than not. It keeps me from impulsive trading And low yield or losing trades.19:11by ScottBogatin7
Gold (GCQ2023) Bullish Bias?! Maybe for the next few days only.Looking at the 1D chart, we see a price displacement (a significant and energetic push beyond a prior high/low without quickly retreating) on May 16-18, 2023. This reinforced a bearish outlook; however, after a low was established May 30, price has failed to displace that low twice (June 5, and today (June 7)). I don't see a fair value gap, breaker block, or other significance in this stall, but it does call to mind the three-push pattern we see in various forms. I suspect the significance of this is the establishment of relatively "equal lows" for later use, NOT a "resistance" level. I say this because--again, looking just at the 1D chart for gold--we can plainly see a fair value gap on the May 16, 2023 candle. This fair value gap mostly overlaps with the April 20, 2023 breaker block. Take it a step further and add the Fibonacci Retracement tool, and you'll see that the mid-point is within the fair value gap AND the breaker block. The problem with this is the apparent high formed on June 1, 2023. For price to reach that fair value gap, breaker block, and fib retracement mid-point, it will have to displace that high. My personal rule is that, in order to be considered a high, price needs to move through the previous low (vice versa for lows). That didn't happen here. That is, the June 5, 2023 low was above the May 30, 2023 low. The question is, will price break June 7's low before going up? I don't think so. That brings us to today (June 7, 2023). There was a VERY energetic and significant move down, but price failed to displace either prior low (May 30 and June 5). In the next few days, therefore, I will be looking for slow, inconsistent movement upward with energetic pushes during red news. Price will make its way up to that fair value gap, breaker block, and fib retracement mid-point, then resume in a bearish fashion. Time will tell.Longby attorneychristiandavila111
Gold FuturesCOMEX:GC1! Gold Futures Gold has fallen to strong areas of demand, including the start of the ascent and its top target set aboveLongby ELHASSANE-TRA1
Retest of the opening range on GOLD SHORTThis is the setup for the retest of the opening range on GOLD today using the OTA TradingView Tools. We have high timeframe momentum going down and the middle timeframe trend going down. Therefore we are looking for a breakout to the downside and the retest on the rally base drop. Short04:20by thechrisjuliano331
Gold mid 1800sLooks like high probability that we sill see #gold in the mid 1800s again shortly based on technicals. Fundamentally we have sticky inflation and a strong jobs market in US, which lends to another rate hike, thus recessionary trade taking a backseat for the short term.by chsmit0
GOLD Projection This is a daily analysis for gold. i found an inefficiency labeled volume imbalance that i anticipate the markets to gravitate towards. with this bias i can go in to lower time frame and trade this direction during certain times of the day Shortby raidenfx0
MASSIVE Drop in Gold Coming!Before I get into the writing of this idea, I understand that I am likely gonna be in the minority and I understand also that a lot of people are going get highly upset because gold tends to have an emotional hold on many traders — which I find interesting. Nevertheless, here's what I see.... This analysis is being done mostly from a weekly chart. So, to understand what I'm gonna say, you'd need to select the weekly time frame. Gold has reacted twice to a supply zone that was established in August of 2020, creating a triple-top formation. From that zone, price rallied from a demand zone that was created during the early part of that same year and creating an area of support around 1670. With that being said, from the weekly chart's perspective, gold has been in a trading range for the past 3 years. Here's what I think will happen and why. I think that from here, gold could fall to 1300. On a smaller time frame, price has already shown a willingness to decline and if price takes out the 1670 support area, I don't see any viable demand area to stop price from reaching 1300. Everything that I see underneath support area simply areas of liquidity. From a fundamental perspective, with interest rates rising and causing the dollar to rise along with rates, that's bearish for commodities — including gold. If gold is to rally, then I'd have to see buyers absorb the selling that is occurring at the present level.Shortby sdotcarter_x0
#GOLD #XAUUSD H1 Looking For Support At The TL & HVNIn this update we review the recent price action in GOld and identify the next high probability trading opportunity and price objectives to target01:12by Tickmill226
GC1: Sell ideaSell idea on GC1 as you see on the chart after the breakout of the vwap indicator.Thanks!Shortby PAZINI19442
1:100 MM anticipationhigh risk. Monthly reject monthly -> W limit W === CC anticipating CC retest. 21 or 31 pip sl 2000 tp partial every 100 pipsLongby sleepBTC2
OIL Gold5.31.23 This video was a review of oil which had a great move lower to the bottom of a lower range box... if I had been long I would probably just take my profits as I explained in the video. it is at a potential support area but we need another 4-Hour Bar which would take over an hour for me to make a trade decision. At the end of the video I started To talk about gold which did reverse and start moving lower before it reached the 382... and that is a bearish signal. However, It hasn't really Gone much lower. If the market does not go lower than where it is and it starts to reverse to make a new high you would have to exit A short trade.... or you would consider buying the market if it looks like it's going to start trading Higher. It's a tough call right now.... A short trade with the barely in the money and if the market can only go lower to the minimal Correction lowerLooks like it's going to reverse this is potentially the setup for a big move higher. This is what we talked about with oil... just apply the same thinking: Small reversals with minimal range Followed by A quick reversal in the other direction suggest that initial reversal was less relevant and that the market is going to reverse and go any other direction. It's what a market does and what it doesn't do....And you don't want to get trapped in minor reversals.20:01by ScottBogatin5
#GC #XAUUSD $50 Bounce From Support, What Next?In this update we review the recent price action in th eGold futures contract and identify the next high probability trading opportunity and price objectives to target01:08by Tickmill5
trading range below supply zoneprice move up strongly after that selling pressure is coming if you check OBV and MACD on m30 bearing divergence is showed good selling on m30 confirm this entry Shortby tofinse0
Gold: Splish Splash 💦🫧Splish splash, I was taking a bath, Long about a Saturday night, yeah. A rub dub, just relaxing in the tub, Thinking everything was alright. Like Bobby Darlin in his song, gold should also take a refreshing bath in the turquoise zone between $1840 and $1713 soon. Therefore, it must drop below the support at $1936 to gain further downwards momentum. Thus refreshed, the precious metal should leave the turquoise zone on the southern side and continue the descent until the low of wave (4) in yellow is established. However, there is a 30% chance that gold could finish wave alt.2 in turquoise instead and subsequently rise from the turquoise zone to start an upwards movement, which should carry it back above $1936.by MarketIntel0
Seizing Potential Breakout Opportunity in Gold MCXThis swing trade idea centers around Gold MCX, a widely traded commodity in the Indian market, and highlights a potential breakout opportunity. By conducting technical analysis on the 2-hour chart, specifically focusing on supply and demand zones, as well as a triangle chart pattern, this idea aims to identify a possible trend reversal from a downtrend to a bullish trend. The suggested trade setup suggests initiating a long position if Gold MCX breaks out above the critical resistance level of 59,700. To manage risk effectively, a suggested stop-loss level of 59,100 is recommended. The trade targets are set at 60,420 and 61,520, reflecting the potential bullish momentum the commodity may experience upon breaking out. The technical analysis reveals that Gold MCX has been experiencing a downtrend, but recent price action indicates the possibility of a trend reversal. By considering the supply and demand zones in conjunction with the breakout of a triangle chart pattern, this swing trade idea aims to capitalize on a potential bullish breakout scenario. It is important to note that swing trading involves inherent risks, and it is essential to carefully assess your risk tolerance and conduct thorough research before making any trading decisions. This trade idea serves as a starting point for further analysis and should be combined with your own judgment and market assessment before execution. Please bear in mind that commodity markets can be volatile, and it is crucial to stay updated with market conditions and adhere to a disciplined approach in risk management. As with any investment or trading opportunity, consider your personal financial goals, risk tolerance, and consult with a qualified financial advisor if needed.Longby imrahulshah24
Gold Long Scenario on the WeeklyThis chart is really clean in my eyes. We have a tripple top acting as retail resistance. The orderflow on the Weekly is bullish with that nice reaction out if the Weekly breaker earlier this year. Reaction that created an Imbalance. We are close to that Imbalance right now so ill keep an eye for long set ups in the coming days and weeks. Longby TheFrenchTrader88113
Gold at key support levelThe initial target for downside breakout of the 1984 region is met with Gold ended the week at key support region. The strong downside move of Gold can be primarily linked to the appreciation of the Dollar. With Gold being at key support level and the Dollar being overextended, there is a high possibility that the key support will hold and Gold will begin to trade towards the upside at least for the short term. by TrainingTrader0
The Ultimate Guide To Fractal TradingIn the seemingly chaotic world of the financial markets, a beacon of structure and predictability shines through in the form of fractal patterns. Bill Williams, the godfather of fractal theory, elegantly stated, "The market's chaotic nature can be first tamed and then mastered by understanding its underlying structure, revealed by Fractals, which are the building blocks of the market, highlighting key turning points and potential opportunities." Understanding Fractals Fractals are repetitive, self-similar patterns that can be observed across nature and, quite remarkably, within the realms of finance as well. In trading, a fractal is a pattern that can be split into parts, each of which is a reduced-scale copy of the whole. They are typically composed of five consecutive bars or candles and can provide insightful information regarding market direction and potential turning points. Power of Fractals in Trading Fractals allow traders to comprehend the complicated, chaotic nature of the markets. By identifying key patterns in market data, they help to predict potential price movements and enhance trading strategies. Using fractals, traders can spot emerging trends, identify trend reversal points, and highlight potential market opportunities. Magnitude and Velocity: The Two Pillars of Fractal Trading When utilizing fractals in trading, it's crucial to understand two fundamental aspects: Magnitude and Velocity. Magnitude refers to the degree of progress by the dominant side in control of the trend. The question to be asked is, "Are the new legs in the ongoing buy-sell side campaign increasing or decreasing in magnitude?" This gives an insight into the health of the trend and its potential longevity. Velocity, meanwhile, represents the speed of the price movement. It's about how quickly a new leg is formed after a price shift. Is the movement fast and impulsive? Or is it sluggish and slow to form? Counting the number of candles it took to achieve a new leg can provide a deeper understanding of the market's direction. Mastering the Market with Fractals Despite its seemingly chaotic behavior, the market hides within its fluctuations a rich and decipherable fractal structure. Fractal trading empowers traders to harness the hidden order within this chaos, transforming apparent randomness into tangible trading opportunities. By integrating fractal patterns into their trading strategies, traders can recognize and exploit recurrent patterns in the market, predict potential price movements, and subsequently enhance the effectiveness of their strategies. It's a potent approach that adds a layer of precision and structure to trading, tempering the market's inherent volatility. To quote Bill Williams once more, the market's chaos can indeed be tamed and mastered through understanding its fractal nature. Through the lens of fractal trading, the market's complexity becomes its own roadmap, revealing pathways to strategic decisions and profitable opportunities.Educationby FlowState4
Gold (GC) versus Gold Volatiliy (GZV) Monthly AnalysisI took the gold volatility index GVZ and created a simple regression trend from 2008 to present on a monthly chart. I then took the points at which the GVZ spiked above two standard deviations of the trend. These points are the vertical lines on the chart. The vertical lines, or points which had a large spike (all above a reading of 30) on GVZ in most cases indicated a marked trend change in gold. Gold has a cup & handle chart pattern, and has been trending mostly sideways on "the handle". This is a bullish setup. Presently, the GZV reading is 21.05, and Gold (so far) has shown some support around 1940-1950. However, should GZV "spike" above 30, then I would consider the prospect of a major move (could be either direction, as patterns are not sacred). However, in 12/21 and 3/22, there was no significant trend change (i.e., gold stays inside the handle), and I consider that a positive. The breakdown of the handle is around 1618 or prior pivot low. Fortunately, if there is a major spike above 30, there still should be ample time to adjust. Should GZV spike and Gold breaks out above, then you will witness a cup & handle breakout. This is a long term perspective, so if you can't stand the volatility, find another trade. Longby UnknownUnicorn13101331
GOLD will decline to $1230 profit booking in GOLD is inevitable as inflation fear eases Shortby selvamBUpdated 5