Gold M30 Perspective.Situation 1: Maybe fall a bit and then rally as drawn. Situation 2: Tight Rally. Situation 3: Drop, break down, find lower structure. I am thinking Situation 1 is more likely.Longby shlionzUpdated 2
Gold to suffer catastrophic collapseGold to suffer catastrophic collapse - perhaps as low as 1,200$s. Gold has put in a triple top which is very bearish alongside a lower low, so we should see a catastrophic sell off as liquidity evaporates this week. I'll be stacking the physical below 1,400$. Shortby Putrid_Shittgenstein1
GOLD SETUPAs we see the price of gold has been undecided and it has been playing between the support and resistance so now I will wait for the price to breakout of a zone then comeback and retest that zone then I can place my trade and my stoploss will be decided after the price came back to do a retest then my target will be 400 pips, remember your Risk management depends on your account size.by dlaminisya1
XAUUSD FVG GAPPrice is moving into the best trade setup level. This could be a significant move on gold if we get a bar to print in this zone, trapping sellers. We will look for color changes in the direction of the moving averages after the FOMC announcement. **** Watching the live stream and you'll see the level highlighted Longby TSA_TimeSpaceAlgorithm0
Scalping Looking for Trades Live in Funded AccountLooking for trade opportunities in the futures market educational content. For live traders20:00by TSA_TimeSpaceAlgorithm0
Gold price at $2100 after default or US spending review?If you want to be notified every time I post a new article, just click 'FOLLOW' above. Also, if you want to learn more about a particular topic or need some advice, please comment below the article and I'll be happy to help. Gold price at $2100 after default or US spending review? Despite a slight increase, the price of gold still remains below $2,000 an ounce, not yet enough to reverse the three-week downward trend. Concerns that US debts will not be able to be paid by early June, if the debt ceiling is not immediately raised, are being felt strongly in markets such as gold and silver. The fear that a default could occur is supporting the strength of the US currency. Alarm bells have been sounded loud and clear from US banks. Some mid-scale institutions have seen sharp declines in share and deposit prices over the past week, a sign that things aren't going the right way. The dollar rose further on Friday after data on US consumer sentiment fell, raising concerns about the performance of the economy. The stalemate on the US government debt ceiling issue raises the possibility of a default by June 1st. In this situation of extreme uncertainty, people are turning to the dollar as a safe haven asset. If US macro data suddenly swings from optimism to pessimism, the risk of a recession could resurface and markets would expect rate cuts from the Federal Reserve in the second half of 2023. Currently, the probability that the Fed will keep rates unchanged in June is very high (82%), with a 33% chance that it will decide to cut them in July. In times of crisis, the dollar can be a safe currency and it is likely that any bad announcements will have a positive effect on it. I believe that increased concern over the US debt crisis will lead to a rise in the price of gold as investors prepare for possible chaos in the financial markets. The possibility of a series of rate cuts in the US before the end of the year is fueling demand for precious metals. That support should have a positive effect on the value of non-interest bearing gold reserves. Gold is more of a safe asset than ever due to the unstable political situation in Washington, the Federal Reserve's approach to easing rates, rising geopolitical tensions, persistent concerns over the health of US financial institutions and fears of an economic slowdown. Technical signals show a decline in prices that are below the fast moving average. If they were to close above the moving average, I might decide to buy with a target in the $2100 area. To ensure protection in the event that an agreement on the debt ceiling cannot be reached, investing in gold is undoubtedly the best choice. If a debt deal fails to materialize, the US will default; if there is an agreement, it will contain heavy spending cuts that will lead the US state into recession. My forecasting model shows that the price of gold will hit $2,100 in the next quarter. Author's note: The information and content provided on this site should not be considered as an invitation to invest in the financial markets. The Content is a personal opinion of Dr. Antonio Ferlito. Longby Antonio_Ferlito1
Trapped Gold has No Look, it has no Where to Go!!!!!! These zones and perspectives offer valuable insights on how to trade within this area. They present opportunities for quick scalping trades, taking advantage of short-term price movements. Additionally, when the price reaches favorable trade-up zones, it is advisable to consider holding positions and potentially increasing trade size through scaling in. This approach allows for potential profit maximization in these advantageous areas.by TSA_TimeSpaceAlgorithm0
GOLD set upWe observe a neutral stance towards the zones on the trading view setup. These zones represent critical areas on the daily chart, indicating that we are currently in a ranging market. Consequently, it would be prudent to seek opportunities at this range's upper and lower boundaries.by TSA_TimeSpaceAlgorithm0
gold monthlyGold never gets loved... #gold #silver from 1050$ to above 1950$ WITHOUT breaking out versus SPXLongby Badcharts2
Gold versus Copper (dxy impact)Guess what the US Dollar likes? Gold out performing Copper. beware recessions and market sell offs. vix also tracks this. #gold #copper #usdollarLongby Badcharts2
Gold H4 Wathcing For A Bullish Reversal Into The Mid 1930In this update we review the recent price action in the #Gold futures contract and identify the next high probability trading opportunity and price objectives to target01:04by Tickmill115
Finally we have seen a minor confirmation for Downtrend. #GOLDits been several days the market was undecisive and chaotic. Finally its coming to a normal shape and trend. As always, technical traders are the first to notice the moves...Shortby RASHIDTESHAEV222
Gold FuturesCOMEX:GC1! Gold Futures We have a very strong display area which is a sales area that we can rely on.by ELHASSANE-TRA1
Initiating a long term bullish position in goldThis is an analysis that I hope that it ages well, as I am starting a long term position in gold today and adding this asset to my investment portfolio. Therefore, this is not a post about an isolated trade, with a specific expiration date or focused on the short-term. In fact, from a trading point of view I have already lost some great entry opportunities, since November 2022, which the asset provided. Looking back on the chart, I could see four previous entry opportunities that fit my setups. Unfortunately, I wasn't psychologically prepared to trade them and I was left out, but I will try to take some advantage of this situation and later write a study post pointing out these entries. Another post on trading psychology, This is an analysis that I hope that it ages well, as I am starting a long term position in gold today and adding this asset to my investment portfolio. Therefore, this is not a post about an isolated trade, with a specific expiration date or focused on the short-term. In fact, from a trading point of view I have already lost some great entry opportunities, since November 2022, which the asset provided. Looking back on the chart, I could see four previous entry opportunities that fit my setups. Unfortunately, I wasn't psychologically prepared to trade them and I was left out, but I will try to take some advantage of this situation and later write a study post pointing out these entries. Another post on trading psychology, fears involved, strategies to control them and analysis paralysis may also be written later (spoiler: risk sizing and embracing the risk consciously helps to tame the beast) . However, from an investment point of view, with a long-term perspective and also taking advantage of some hedging to reduce risk, it is better to buy gold late than never, or as I prefer to say, better late than too late. Because if a strong bull run starts after this breakout, I would regret not buying at the $2000 quote level. And, yes, there are indications that this may become a reality. The first indication comes from the analysis of the chart, gold prices have been stuck into a multi-year congestion between $1700 and $2000. Tipically, the longer the congestion is, the more intense its breakout and further away the target, and historically gold has been king of this setup. The $2000 level is where the price peaked during the covid crisis and the russian invasion of Ukraine. I mean, this price level is imposing a very strong limit on quotations. But we're now facing the threat of a future interest rate and expected inflation much higher than we've been used to over the last decades (since the 90s, specifically), and these things could be a real game changer for the market scenario. So, here the gold quotes are, back at the $2000 resistance level and showing strong volume near it. Of course, resistance can work once again, but we have to trade probabilities and deal with risk, and that means grabbing a good entry opportunity like this one, and accepting a loss if the signal deviates. The second indication comes from the analysis of the market cycle. All clues point to the fact that we may already be at the beginning of a secular bear market cycle, which means that expected future returns for the next years (10y average) can be near zero, single digit, or even negative. I'm not predicting some kind of crash here, it's different, this is not a single intense bearish movement, but a future outlook of low stock market growth. Using the model published by Ed Easterling in his book, Unexpected Returns, the top (thus the beginning of the end) of a secular bull market comes with high P/E's, low dividend yields, low inflation and low interest rates. This was just the scenario we had few years ago and it started to crack, first inflation got out of control (2021), then interest rates started to rise (2022) and P/E's just began to fall with last year falling quotes, but it's still on a high level, so this could just be the beginning of this cycle of low returns. With this in mind, it is important to notice that gold is often the best secular bear market asset par excellence (see the returns in the 2000s and in the 1970s periods), but so far in this newborn bear cycle, gold has yet to shine, despite the very bearish year of 2022. Considering the secular bear market hypothesis and the very long chart congestion, added to the habit of this asset to make strong breakouts, I decided to initiate a long term bullish position in gold. I made my entry using the ETF GLD. I bought the shares today, March 20th, 2023, at the market opening, @184.17. To manage my risk I also bought a bear put spread with strikes 166/165. I intend to stop the loss if this entry reaches a -6.5% loss. I've bought enough options to pay back my losses if that happens. The protection has cost me 0,8% of the position. Hopefully in the future I will post more about this position, and then I will use the GLD chart. For now, for a general approach, I prefer to do my analysis using the future contract chart.Longby thessia_Updated 0
Double top formed near the ATH is breaking downBy March '23 gold did a strong breakout near the 2000 quote. After that, the prices did not continue to flow and stucked inside a congestion at that level. At 04 May '23 the prices tried to overpass the previous top but failed. This failure gave us a doji candle, at the previous top, a very bearish signal, and besides that, it also gave us a double top formation. The congestion kept going for some more days until a sequence of bearish candles appeared (16 to 18 May '23) breaking down the support of the previous bottom and confirming the double top formation. As I have posted before here , I have started a long term position in gold, and I remain bullish in it. But the chart gave us these bearish signals that are too strong to be ignored, so I decided to hedge via futures contracts and started a short trade at the 1981.60. As the GC is a heavy contract for margin purposes, I'm actually trading the micro gold contract (MGC). This price level is basically the same I did my entry at the spot through GLD, so my resulting position is currently neutral. That is, if prices fall, I profit in MGC and loss in GLD, on the same proportion; if prices go up, I profit in GLD and loss in MGC. And giving up this profit if it goes up, is my cost for this hedge. If I stop the GLD I get short directional, otherwise, if I stop the MCG I get long.Shortby thessia_0
Review of last night's trades5.22.23 In this video I took a look at gold, Palladium, and oil.14:56by ScottBogatin4
Gold mixed signals but still showing signs up upside to $2,351Cup and Handle formed on Gold. We had the price rocket up which sent a number of gold stocks to the stratosphere in a short time. Now we have had a retracement (as expected), which is where the price will be testing a crucial level of support. It could even go down further to test the diagonal uptrend before the bounce. We need to keep an eye out on these levels, as it's crucial times. in saying that, there are a few mixed signals right now. 21>7 - Bearish Price>200 - Bullish RSI<50 - Bearish (Hopefully will make a higher low). Target $2,351 Will also do an analysis on the DIXIE to see where things stand with the US Dollar. This is a strongly correlated market with gold this year. Longby Timonrosso4
Gold major reversal?Gold dip further primarily due to the appreciation of the Dollar. Price looks to retrace towards the descending trendline / 4hour - 50 EMA at around the 2000 region. If price reverses from the 2000 resistance region, price can look to trade lower towards the 1940 region. However, if price manage to trade above the 2007 region, price may continue to trade towards the upside. by TrainingTrader0
Long GoldWent short 1986.3 05/17/23 and took profit at 1955.1 on the 05/18/23 realising a profit of $31.2 in swing movement. 05/18/23 opened a long position 1955.7 when the price of venus was at an angle to the same price of Mars. Lets see if we continue the trend at the beginning of next week. According to COT report of the 05/16/23, managed money are long 139,786 (79.6% long) Gold contracts versus 35,803 (20.4% short) But a new report should be available MondayLongby BoccaLupo111
Bobby's Homework Assignment Part 15.19.23 This is the first of two videos responding to Questions from the follower. ....What triggers my trade.... Is it a thought out process that leads me to The trade.... or is it a spontaneous decision to take the trade? I took 19 minutes to give the answer. It's a great question... and I think he's asking the question from the perspective of the market.... what is the market telling me. But that's not the way it works... the way you trade has just as much to do with you... the trader. If you want to trade better... I believe you need better personal insight.20:00by ScottBogatin4
Gold Update (weekly Chart)Gold today broke through the flag bottom at 1985, so the seasonal effect is in play. I have three targets as of now: 1947.63, the pivot point of the weekly chart flag pole; 1924.60, the mid-point of the flag poll; 1921.6, the Gann confluence line (which would also be the base of the prior flag last year). I see 1924 to 1921 as the likely target. If we had a sell off like last year, we would be looking at a low in the 1700 range -- highly unlikely. If that happened, I would load up the boat. I am still bullish on gold long term, the macro elements are undeniable. Longby UnknownUnicorn131011
Gold Future - Elliott Wave (Update)Gold should reach around the 50% retracement (around 1842) for the minute wave ((2)) and continue for the rally ? The minuette (iii) wave should be done today or this week to regards on the momentum stochastic daily and should reverse to targeting the wave minuette (iv) Trade Strategy : The Stochastic Weekly momentum bearish reversal are made but be aware of the Stochastic daily, the momentum bullish reversal it's near to the OS (Oversold), so it should be sideway to down for a couple of days before the momentum trends rally again for few days ( or 2-3 weeks ?) and go down to the 50 % retracement. Let me know in comment, what do you think and if you like my opinion give me a blue thumb ! 👍🙌by TradingX300
Gold Future - Elliott WaveGold should reach around the 50% retracement (around 1842) of wave ((3)) and continue for the wave 5 of 5 ? Trade Strategy : The Stochastic Weekly momentum bearish reversal are made but be aware of the Stochastic daily, the momentum bullish reversal it's near to the OS (Oversold), so it should be sideway to down for a couple of days before the momentum trends rally again for few days ( or 2-3 weeks ?) and go down to the 50 % retracement. Let me know in comment, what do you think and if you like my opinion give me a blue thumb ! 👍🙌 by TradingX30Updated 220