$2030/$2070 keeping us entertained for now need a break for next targets
nothing standing out at the moment but seems range bound and would prefer selling rallies.
Gold has been consolidating for a while now with-in this wave (5). Structure appears to be waiting for wave 3 of iii of (5) to start. These corrective waves with-in an impulsive count can last for an unreasonable amount of time. There is nothing that dictates the amount of time ANY wave has to take, only that corrective waves are comprised of 3-wave moves. These...
If you look at the front month gold future (GC1!) it is priced below the gold price. Future traders expect the goldprice to be lower within a month. Every time that happens, shortly after the GC1!-GOLD spikes up. So also looking at horizontal lines at RSI and MACD a spike might be imminent. What do you think?
Classic buy the rumor, sell the news event.
#Gold went down 10% and sideways for 300 days after the launch of the AMEX:GLD etf.
When most gave up, gold resumed its bull run it had started much earlier.
Gold is in the middle of a range. Not a good place to enter a trade!
Let the market unfold on Monday. Let it tip its hand, then make your move.
Look for FVGs to form as price breaks the range. This is the signal to prepare to enter this market.
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Analysis and Prediction:
Gold futures ( SET:GC ) are presenting an intriguing opportunity as we observe a potential breakout setup using the RF (Range Finder) indicator. The RF indicator, known for its effectiveness in predicting market reversals or breakouts, suggests a bullish bias for gold, targeting a substantial move to $2215.90.
As traders, our primary...
The left-hand chart suggests that, having failed to establish support at its previous low of 2022, the near-month gold futures contract has further to decline. On this basis we would be more ready to add to an existing short position than to start a new one.
The right-hand chart highlights the recent moving-average crossover as a sell signal. We might hold out...
Gold has been trading lower consecutively for the past 3 days. We are expecting one more push to the downside during the NY session.
The trade is supported by HTF bias as bearish. Currently we have a decent retracement already above 50% since the last liquidity grab which is placing our trade in Premium range.
Entry: 2017-2022
SL: Determine once we have a...
dear all this the price of gold as gold trade in daily support zone but trade on our zone so keep buying only above my zone top point or hold above than we seen more upside
long here good stop loss position, the trend can also provide support if we could hold up.
Once it hit 0.782 mark go short tp point B, then white horizontal line and trend line
Introduction
In the dynamic and intricate world of commodities, Gold Futures shine as a versatile and compelling instrument for traders. As 2024 unfolds, these futures don't just reflect market trends; they narrate the story of global economic shifts. This analysis will explore the nuanced interplay between Gold Futures and Bollinger Bands®, offering traders a...
Gold prices in 2023 defied expectations. In 2023, economic uncertainty was in plenty with rapidly rising inflation. There was market consensus that recession would benefit gold.
Gold indeed delivered stellar performance rising 12% through 2023. It was not because of a recession though. Most major economies successfully dodged a recession. Inflation trended...
UMVD picked up Green/ Buyers in GOLD futures around the 29th. Prices have stopped falling and got support here. Lets see when the prices hit the resistance level marked. Watch for Red UMVD at that time
![GC1!: Gold Futures [GC1] - Short](https://s3.tradingview.com/q/qBERsIee_mid.png "Gold Futures [GC1] - Short")
