Gold awaits for FOMC decisionGold continues to trade within the range between 1985 and 2025 region. Short term trend can only be identified when price breaks out of the range and would likely be this week due to the upcoming FOMC.by TrainingTrader1
The Gold Odyssey - the third lower highHeads up previously, had already mentioned previously, there was bullishness in Gold, but not enough and it was way too stretched to be at the top of the (constipation) range. The weeks went by and few things are very clear here: 1. There is a third lower high (not bullish) 2. Gold is breaking back into the range (really not bullish) 3. The MACD is weakening, the VolDiv has crossed down with a lower low (very not bullish) 4. The TD Sequential Setups are showing that the primary trend is still bearish, from the Buy Setup in early 2021. This was never reversed, although price closed above the TDST (green dotted line at 1962.50). So now the deal is like this... EITHER the current Setup completes over the next two weeks with Gold popping up definitively, OR it breaks down this week cancelling the current Setup, keeping the bearish primary trend, and closes below 1962.50. I suspect the latter will pan out... appears more probable to me. Downside target 1820-1840, else if closes below 1800, can expect below 1700. Wait and watch... Shortby Auguraltrader111
Gold Next Move!after 10 days of side move, this week will be the game changer! imo, this week gold will goes to $2029.5, if the price held this zone and we not see a bearish pivot, next target probabbly $2090. if the bearish pivot confirm market structure shift, gold will drop to L.V. ultimately, C.E will held the price and gold will ready to reach $2090.Longby pouryaaryanpour1
Gold weekly log chartSo far so good for gold's commitment of traders review... total longs breaking out net now above total shorts #xauusd #gold #fintwit #silver #xagusdLongby Badcharts6
Gold make it breakoit leval for this year monthly chartHi every one gold reach there top leval 2024 August best time for every dip buy for invesment and trading you can ask financial advisor or contact any gold expertLongby paisachapo7
GOLD FUTURES ANALYSISFutures about to rip the cord if you know what I mean. Could make one final lower leg before rallying to the upside after breaking the cord. Longby Tiestobob112
Gold Trend UpdateIn recent days, Gold got decent appreciation, now, this is time for retracementShortby SUSECA4
Bottom in August for example.Two posible scenarios 1) Bullish continuation (as the idea related linked) to 2100 or so by June this year. 2) Bearish move to the final bottom around 1720-1740 by August -September. - A corrective strong move is pending. It could begin from this last week top or from a posible "expected" top higher at 2100 or so. - Dollar is again at support 101 and not breaking. Daily move has already end and will begin a leg up in dollar Index from last week bottom. Could be strong and continue to semewhere around 110 in weeks. - Gap at 1874 or so in futures should eventually be closed. - A daily move down in gold is also high probable from last week top. If wold doesn´t hold the 1950 level or so in the next few weeks and continue UP, then MOST PROBABLE is that weekly reverse bearish. - A move down to 1920 or so is extreme to be just corrective, and could signal a change in trend in gold. - The only detail that does not "fit" with a bearish scenario is that miners weekly move is very small, but has also happened before in bearish trending scenarios, like 2014 or 2021. So. Caution in any case, and see how market behaves and see if a final bottom comes in August. Shortby JAY_c5velmUpdated 114
Gold Short Opportunity If monthly fails to gain 1997 I expect a leg lower innitShortby abbottlouis660
Gold SL hunt before breakout m30 Gold chart show stoploss hunt before breakout also this break put is on US market open time hope this is wining trade Longby tofinse2
Gold H4 Setting Up For A Test Of 2100In 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 target01:00by Tickmill4
GOLD Update (weekly chart)Do you see how well those Gann fans squared work? -- Gold consolidates at the Gann confluence and either flags to resume is present path along its Gann ray, or it puts in a reversal at the Gann confluence (the crisscrosses of the fan lines). It most often resumes its path along the fan rays. I currently have two possible paths for gold. The first possibility is a fallback from the current level to around 1951.5 on 8/23/23 (downward sloping red arrow). From there. I could see an upward resumption to 2035.5 by 12/26/23. I have two questions about this scenario: 1) Will gold this year follow its historical seasonal tendencies? I'm speaking of gold in US dollars. If gold follows its historical seasonality, it should sell off during the summer months. Historically (from 2004 to 2022) the percentage gold has closed higher each month is as follows: May (47%), June (42%), July (63%), August (63%), Sept (42%). The fourth quarter has historically been bullish for gold. Given this pattern, we would see a selloff around May and June. 2) Is there anything "normal" about this year? We have escalating financial banking stress, potential budget standoffs, geopolitical tensions, and geopolitical forex coalitions being formed. None of these augment well for stability. The second possibility, shown by the upward sloping arrow, is that given current macro tensions, gold will continue its current path and reach 2237 by 12/26/23, and 2407 by 4/29/24. This scenario makes the most sense, from a macro event perspective, as well as the "geometric construct" of the chart -- the current trend should continue to follow along the current ray, which is also aligned to the purple colored Gartley 1.618 extension (which ends at 2407) which is drawn from a starting point of September 2018 (which coincidentally, happens to be the last belt tightening period of the FED). The current point & figure objective is 2596 and is taken from the stockcharts.com P&F chart using a three box construct and based on ATR 14 (you should always use ATR on a P&F chart for commodities like gold). I am in the camp for the second scenario, I believe gold should be around 2237 by year end and around 2407-2596 by April of 2024. Longby UnknownUnicorn131012
GOLDGOLD - Short GOLD starting its downtrend - Below marked pink areas are targets and reversal zones. - Strict SL is given. - Analysis done in 1h time frameShortby I_M_VARUN_TYAGI113
Gold on down impulsive wave or notGold on down impulsive wave very high volatility support become resistance with candle congestion act as resistance Shortby tofinse1
GOLD FUTURES Stock Chart Fibonacci Analysis 042423Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 2002/61.80%by fibonacci61800
Gold Exiting Sage-1 Setup - Moving Into BreakawayHave you been following my research? My research and application of Technical Analysis is different than most others. I use techniques that align price action with advanced Price Energy cycles/waves. I still use traditional Technical Analysis - but my application of the data is vastly different than most others. I've been doing this for more than 25+ years. I see only two opportunities for #Gold Buyers to take action below the HKEX:2000 price level - right now, and December 2023 ~ March 2024. After that, you won't see the $2k level again (possibly) until after 2035. If you are a goldbug or invest, buy, or trade Gold - follow my research. Watch how price plays out and aligns with my research. I may be off by a few weeks in some areas - but I believe this is the most logical long-term Gold forecast you will find anywhere on the planet. Please post your comments and leave feedback. Time to prepare for the biggest gold trade of your LIFE. It's setting up right now.Long20:00by BradMatheny114
Gold resistance - testing back below 2klast week was the first weekly close below 2k in GC since the recent breakout. Weekly chart highlights the multi-year range, big question is whether sellers have enough to re-take control of near-term trends this week. I don't doubt that Gold can prod a lasting move above 2k, I just don't think that'll happen until the Fed pivots and I'm not expecting that while Core CPI > 5%. Am tracking a series of resistance levels overhead, 2008 near-term, 2023 above that. 2037, 2049 above that supports 1980, 1954 and then 1944 next week is FOMC and ECBby JStanleyFX7
Gold is on down impulse wave or notFlat correction going to finish soon? I hope 3th down wave is coming soon also this point is support becomes resistance Shortby tofinse4
Gold strongly correlated to the DollarGold trades in consolidation between the 1985 and 2025 region throughout the week. A breakout of the 2025 resistance region can push price towards 2080 while a breakout of the 1980 support region can push price towards the 1942. by TrainingTrader0
Gold analysis - daily chart Slowly getting there Monthly suggests moving higher to complete move up from 1999 Weekly while below 2078 could see a deeper correction before the next retest higher Daily showing the first wave of a move higher so now we need to monitor the 2078 weekly high and possible topping pattern in daily to measure momentum. by MarkLangleyUpdated 2
Bias more on downside For Gold after hitting 2000+ resistance. 22th April Gold - Support 1970/80 Break below 1970 = shall see 1920. Immediate resistance - 2025 Shortby probabilityta0
GCM3 High: 2060.00 Low: 1983.00 SidewaysWeekly Kickoff levels are longer timeframe levels where we believe longer time traders will adjust inventories.by TopstepOfficial0