GOLD on a MOVE!!Here is the chart of gold on weekly time frame. and it looks completely bullish. TG: 153232 (7%) SL:135643(4.5%)Longby vipul28Updated 0
winning tradeBrutal move up for gold in past months, now closing the position and looking for short. I wait support confirmation on DXY, Im even more bearish on gold if stocks continue to go higher somehow.Longby JureNastran_Bybit1
GOLD Bull Update - 30 January 2023 - Still target to $2,004GOLD UPDATE 30 January 2023: Since the last time, the price has continued moving up on an uptrend channel. The target still remains at $2,004. This was due to the larger Cup and Handle that formed on Daily. 7>21>200 - Bullish RSI >50 >70 (Green background) FURTHER ANALYSIS We normally see a boost in the Gold prices in January up to march this is due to a number of reasons like: 1. Increased demand for safe haven assets from investors 2. Economic and political uncertainty with the year ahead as it's still trying to find its feet. 3. Weaker US dollar (I have shown time and time again that the US dollar is strong on weakening with its downward bear channel) 4. Inflationary and interest rate concerns - even though we have seen a drop in recent rates in America - the feeling is that the inflation measures are not trusted yet. Investors feel wary about the near future. Longby Timonrosso7
Gold momentum slowingAs mentioned in our previous post, momentum has started to slow down for Gold and this week printed a even smaller body candlestick bar indicating market indecision. This indecision is likely attributed to the strong momentum prior which is not sustainable which led to the present situation. Look out for any signal to short as we approach the end of Gold seasonality.by TrainingTrader3
GCJ3 High: 2000.00 Low: 1907.00 HigherWeekly Kickoff levels are longer timeframe levels where we believe longer time traders will adjust inventories.Longby TopstepOfficial0
What an incredible rally in GOLD from Support - what's next?This incredible rally in Gold won't really end until prices reach levels above $2250. My target is closer to $2400 - but we'll see how things play out. Overall, Gold moves in $350 price phases. From recent lows, the top of that $350 price phase is near $1985. I would suspect a moderate pause/pullback after reaching the $1985 level. The low of that pause/pullback will prompt another $350 upward price phase. If we assume the low of the pullback will be near $1900, then the upper target of the next upward price phase will be $2250+. Eventually, as Gold shifts into a parabolic phase, those $350 price phases will increase.. A. $481 B. $525 C. $566 D. $700 As the speculative phase in precious metals continues, we'll see varying expansion/contraction phases until the peak is reached after 2027~28. Hang tight, this is just getting started. Follow my research.Longby BradMatheny1
Gold Future Current MCX gold was making Rising Wedge pattern today we are seeing breakdown Now Selling Could Get activate after break 56500 (for confirmation)Shortby imrahulshah22
Pitchforking for Gold with an eye on the Funds!COMEX:GC1! Looking for Gold to extend the rally and move towards the upper parallel of the long-term pitchfork. Currently looking to move towards the warning line of the downward sloping short-term pitchfork and the target will be the upper parallel of the upward sloping short term pitchfork. Historically, gold does not top until the Managed Money positions reach over 200K plus contracts and the Commercials short position reaches well over 400K. Look for the trend to continue upwards and keep an eye out for what the funds are doing. Longby shardison0
GoldCOMEX:GC1! needs to find support along those channel lines near term bearish Will swing to longs after it shows retest R2 1956 R1 1948 S1 1928 S2 1920 S3 1915by subhan30Updated 3
GOLD MCXGOLD makes new ALL TIME HIGH and it is gaining with taking support on trendline so the trendline is important if it breaks this trendline then possibilities it can give a good movement in downside.....by xmrx992
Gold overboughtEvery time Gold traded in overbought territory it pulled back. Is currently overbought and testing a strong resistance. Check my previous post lines below.Shortby ArturoLUpdated 0
Gold may continue to rally; watch for $2,000The Elliott wave pattern from the 2020 high to the 2022 low could be viewed as an A-B-C flat pattern. As a result, the rally could be the beginning of a new uptrend in wave 1 of 5; OR The 2022 rally is viewed as a connector 'X' wave that will connect with another corrective pattern. I'm looking at $2,000/oz as being a zone where a bearish reaction may appear under both counts above.Longby JWagnerFXTrader2
gold temporarily rallying?the gold looks strong but let keep an eye on the channel and the Elliot wave retracement +_ Fibonacci by fghareeb111
Gold End of the Year RallyCOMEX:GC1! Gold Futures marked on the weekly chart Confluences: Major sellside liquidity taken with the break of the 2021 lows, should now seek the opposite: buyside. Respected the volume imbalance boxed at 1625-1650 by wicking up 3 times and candle bodies staying above; It shows signs of accumulation. Market Structure Shift (MSS). First time a short-term high was taken on the weekly chart this year. Very obvious bearish channel since the start of the year broken, therefore tons of liquidity to be taken from short sellers at previous highs. Relatively equal highs at ~2075. If a bullish reversal is at play, that is a magnet on price due to tons of liquidity resting above in the form of buy stops. Seasonality: Gold's best months are November, December, and January. If there was a best time to reverse, the coming months are it. See below for more details. I marked 1920.0 as another target because it is an institutional reaction level based on how price has traded around it since the end of 2020. If the ~2075 equal highs are not to be broken in the upcoming price run, at the very least 1920.0 should be the draw on price before a bearish reversal should be considered. My only concern is the triple bottom ~1625 which can be an attractive area for price to sweep before finally going up to take the previous highs. Gold historical seasonality details: charts.equityclock.com Longby Sans_SheriffUpdated 224
GOLD FUTURESGOLD FUTURES The trend has been changed and the trend is up and forcefully and we have a very strong summit that we are likely to come into contact with in order to achieve the goalLongby ELHASSANE-TRA1
The unwavering Gold bullEarlier on last week, Gold moved to the downside upon reaching the resistance level. However, the move was quickly recovered and ended the week with a small green candle. This small bodied candle may indicate the start of market indecision especially since the momentum for Gold has been high throughout the seasonally strong months. Gold may be on track to 1960 region if the bulls continue to take control.by TrainingTrader0
Analysis: Buy ideaAs you see on the chart we will have a good opportunity of buying. Thanks.by PAZINI191
Maintaining long positions in goldWe are maintaining long positions in gold due to a strong bullish trend. Our trend-following systems entered a week ago in gold futures as well as in heating oil and silver, and short positions in wheat and cocoa. We are maintaining positions with a guaranteed trailing stop loss at 8%. Pro Real Time: ibb.coLongby blockmas0
Gold possible down to 1800$ and push up to 2100$Based on the current situation with global economic private investors want to go in classis save capital. Gold is protection tool for all financial crises. We are expecting that a price should down to 1800$ (wave 4 )and back to 2100$ (wave 5). Keep you eyes and look on results of SP500 in 1Q 23. Possible we can get Gold for 3000$ at the end of 4Q 23Longby MihailAlekov0
GCG3 High: 2000.00 Low: 1866.00 HigherWeekly Kickoff levels are longer timeframe levels where we believe longer time traders will adjust inventories.Longby TopstepOfficial1
Gold Technical Analysis (WEEKLY) Bullish OutlookGold is going higher again. The price set a new higher high and higher close on the weekly and daily, violating key structure resistance. Bullish continuation to follow!Longby MrInterbank116
Gold: Could go sharply higher if strongGold has an interesting trend as of late, ever since $DXY peaked and yields started coming down. It lately caught a bid even on days when bonds were selling off which made it interesting as it suggested we could be seeing rebalancing flows out of bonds and into gold (this happened right after the debate about increased spending surfaced in Congress). I caught part of the advance before, but I'm out for a couple weeks, might rejoin the trend if it breaks last week's high here. Best of luck! Ivan Labrie.Longby IvanLabrieUpdated 229
The Gold market has met its initial target. Factor Prop account went long at the bear trap and we took what equates to 1/3rd profits at these levels. We will remain alert for a proper correction. Our long term target in Gold is 3,000-plus based on a monthly chart Cup and Handle.Longby PeterLBrandt2235