Gold almost at All-time Highs AgainInvestors are flocking to Gold? Well it's not cheap! Gold prices are approaching all-time highs again. What does this mean for the dollar, bitcoin, and the stock market? Watch ETFs GLD and IAU?Longby PortfolioBuildersClub0
Weekly GOLD SignalWeekly GOLD is in Trading Range. Volume Starts to diminish. RSI works great in Trading ranges and becomes Overbought. Prepare to GO ShortShortby OWLINGOLD112
🥇 Gold Futures: The Recovery After Melt In Bear HugThis publication was partially created by ChatGPT AI, under request to Offer Twenty Practical Tips On Why People Should Buy Gold. Good or bad, y'all be the judge. But here's what ChatGPT said... 1. Gold is a stable asset that is not subject to inflation and market changes. 2. Gold can serve as a good way to protect against economic crises and political turmoil. 3. Gold is highly liquid, which means it can be easily sold at any time. 4. Gold can be used to diversify a portfolio and reduce investment risks. 5. Gold is a universal asset that is recognized and valued throughout the world. 6. Gold can be used as collateral for a loan or loan. 7. Gold can be used as a gift or legacy. 8. Gold can be a store of value that will retain its value over time. 9. Gold can be used to create jewelry, which can also serve as an investment asset. 10. Gold can be used as an indicator of economic stability and inflation. 11. Gold can be used as a means of payment or exchange. 12. Gold can be used as an investment strategy on a long-term basis. 13. Gold can be used to craft collectibles that can increase in value significantly over time. 14. Gold can be used to create electronic payment systems that are based on the blockchain. 15. Gold can be used to create new types of investment products such as ETFs and futures. 16. Gold can be used to protect against currency fluctuations and devaluation of the national currency. 17. Gold can be used to hedge against inflation risks and government monetary policy. 18. Gold can be used to protect against the risks of geopolitical instability and war. 19. Gold can be used to protect against the risks of financial crises and bank failures. 20. Gold can be used to create an investment portfolio that provides stable income and risk protection. Gold Futures technical picture indicates on recovery after melt in bear hug, as a result of Gold prices break its 52-Week High. by Pandorra5
Psychosis for GOLD FuturesCheck these levels out, They are plotted with the upcoming psychosis gold indicator, These are the major levels on gold and I am still calculating the lower levels, These levels are not plotted from recent price action. these are plotted from years ago and can be considered long term structure. Psychosis is coming soon for gold, stay tuned.by Psycho_1-13
High probabilty for buying gold futures in the next few daysAccording to my graphical analysis of the Gold future , there is a high probability of an increase towards up , so i will let you know when is best time to do that thanks in advance. by Azer332
Gold H4 Triangle Extension TradeIN this update we review the recent price action #Gold futures contract and identify the next high probability trading opportunity ad price objectives to targetLong00:55by Tickmill4
gold long from contracting formationgold long from contracting formation 1:1 move to 2.16kLongby zergburUpdated 0
Gold continues sideway below $2,000Gold continues to consolidate at the 2000 resistance point. Opportunities can be identified if the 2000 resistance is breached, where price can potentially head towards 2040 region. However, if the 1940 support is breached, price can potentially can head towards the 1900.by TrainingTrader1
Gold longBuy: 1998.6 or lower Stop: 1992 Notes: Gold at cycle highes so far lets see if that continues The model: The Ingenuity Trading Model is a Geometric Markov Model with specific inputs related to Price, Time, Volume , and Volatility. The model attempts to predict local minimums and maximums in price on a daily and weekly basis. A fancy way of saying a trading system that detects specific patterns in price, time, volume, and volatility and indicates whether to buy or sell. On winning trades after 1 day take at least ⅓ of the position off and move stop to breakeven Longby IngenuityTrading332
Gold Testing New Highs!Gold has been on a tear since the March lows, where we saw a bit of a double bottom, and have rallied out above the significant resistance level near 2000-2003. As we’re seeing Crude oil rip higher here today up over $4, there could be implications with the FED and their assumed rate hikes, and after this move in Crude, the probability of a 25 basis point rate hike rose from 48.4% to 58.3%. Another development to keep an eye on is the dollar testing a major support level going back to February of 2022, and a break below here could be a strong catalyst for Gold and the other precious metals to move higher. If you are bullish on Gold, look for the market to take out the recent high near 2014-2016 on a closing basis, and on the support side keep an eye on the 1939.2 level to potentially look to scale into the market on a pullback. by Ryan_Gorman2
classic ascending triangleGold is really starting to squeeze here inside the probable continuation pattern.Longby DollarCostAverage1
LBS1! GC1! CL1!4.3.23 This chart should have been labeled Bobby's homework assignment Because the follow-up from last night is very important.19:12by ScottBogatin6
$XAUUSD is testing the channel upside resistanceThis is a strong upside resistance zone 2010-2020 and the instrument $XAUUSD is within the rising wedge as the situation is looking quite bearishby ewaction1
The Gold Odyssey - incoming, but wait...Ended the previous post on The Gold Odyssey (27 Dec 2022) with: So heads up, watch MAy 2023 for Gold prices to rally. Indeed the Down and then Uppish happened. Now, with the monthly chart, we find gold again at the border of the Constipation Box and people are getting all excited about it. I had questions about my views so I started to relook, a tad earlier than I really should (remember May 2023?) So, this chart was actually in response to someone who said that "gold always goes up" in conversation. I did not think it is "always" so I looked into the longer term and viola... The Constipation Boxes. Long term retracements can be 20-50% from peaks, and $300-400 multi-year ranges are observed. Therefore, it is opined that Gold buying should be closer to the bottom of the ranges (eg. 1 Nov 2022) or at least when technical indicators are more aligned and on your bullish side. IF you trace back, I bought Gold on 29 April 2019, two weeks after Trump launched the trade war of sorts. And released all Gold holdings on 9 August 2020. It has been a bit of a wait to get into a similarly bullish situation... The previous month closed nicely bullish, but it appears to be a little too close to the upper range, even though the technical indicators look like a bullish turnabout. Furthermore, the past three months appear reminiscent of a Bearish Sandwich Stack candlestick formation . So, let's just say that this is either 1. an imminent very bullish breakout; or 2. a bull trap to return back within the box for the next launch (possibly from about 18##) Am more inclined with the latter personally, but that's just me and my overall observations. Still maintain as per previous Gold Odyssey conclusion. by Auguraltrader7
GCM3 High: 2016.00 Low: 1957.00 SidewaysWeekly Kickoff levels are longer timeframe levels where we believe longer time traders will adjust inventories.by TopstepOfficial0
Gold3.30.23 Gold is probably going to go higher because it looks like the dollar is going to go lower. We looked at a reversal pattern on gold a couple days ago where we should have been buyers. If I were already Long on this market I might maintain my long trade, But if I were flat I would not buy to open because these markets too many times break out higher and then correct back into the range box where I am going to get stopped out... so I don't do it. there are other features explained in the video that can be very helpful for you to find an opportunity with a realistic stop and a realistic target Using a range box. Generally, I think many Traders take too many trades and end up Making very little return or they lose money. But in this example where the market Was trending and then made a significant reversal to set up a range box, This is a good opportunity to scalp the market as long as you respect the range box and trade the market as a range and not a trend. It's important to trade ranges differently than you trade Trends.. and it is very easy to assume the point of view as a Trending market when it really is not trending... and you can lose all your profits very quickly. In this example you have to spend a little more time as a range Trader, but in it becomes easer it you respect the range.20:00by ScottBogatin118
GC1: Sell ideaOn GC1 as you see on the chart we have a sell idea because we have the breakout with force the vwap and the support line.Thanks!Shortby PAZINI191
Bank Run to Gold Rush Gold rush up accordingly to each major news during the bank run crisis in March. Problem seems to subside for now. We will explore the possibility of a contagion effect to a wider bank run in this video. A story of having too much money problem • It is a bank – need to pay interest to depositors • During pandemic - invested 10yrs bonds yield average 1.79% • Before Feb 2022 Fed fund rate at 0.25% • Mar 2023 Fed fund rate at 5% How about the other banks, will they also have a similar problem in time to come? With uncertainty still lingering I am seeing opportunities in Gold, other precious metals and commodities. 3 types of gold for trading: • COMEX Gold 0.10 per troy ounce = $10.00 • E-mini Gold 0.25 per troy ounce = $12.50 • Micro Gold 0.10 per troy ounce = $1.00 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Long07:47by konhow115
Gold Futures Symmetrical Triangle. no TRADE at the moment wait for for on either side but the probability is high towards the upsideby SMS141
How To Trade the Triangle Consolidation Pattern!Hey Traders today I wanted to take a step back and show new traders the proper way of entering the market when it's consolidating in a triangle. Triangles are very common in trading and know how to identify them on your charts is a great tool to add to your trading arnsenal. Triangles can lead to explosive moves in financial markets so lets dive in and break it down to a science of how to trade it. Enjoy Trade Well, CliffordEditors' picksEducation13:43by TradeTheIndex3636447
Gold bullish trendAccording to my graphical analysis of the Gold future , there is a probability of an increase towards the 1998 $ level in the next few days .by Azer331
GC1: Sell ideaSell idea on GC1 as you see on the chart because we have the breakout of the vwap indicator.Thanks!Shortby PAZINI191