-This week I've had an overall bullish bias for Gold to head to the PWH after we put in a fractal swing low on the weekly, confluence with wicking below several weekly lows. -Although today's Daily candle close isn't super strong, I'm still leaning towards looking for longs. -Daily candle rejected from the Daily +OB again, and also failed to displace and close...
In reviewing the chart, I've observed a recurring descending triangle pattern. Despite numerous attempts to break out, the pattern has consistently failed. My entry point stands at $2042.7. For the exit strategy, I plan to set the price slightly above the last swing high, while aiming to secure profits at the last swing low. Entry: $2042.7 Exit: $2045.8 Take...
Gold Futures Sells Taking Minor (Sell Side Liquidity) Tapping Into Prominent (Fair Value).
On a 1-hour timeframe, we are currently in a bearish flag pattern. The green box represents a significant resistance line, so trade caution if you are considering opening long positions. Additionally, there is a decrease in trading volumes, which is also term for short move. The trading setup may involve entering the market within the flag pattern, considering...
Introduction to Protective Puts: Safeguarding Your Investments with Options In the ever-fluctuating world of finance, protective puts emerge as a strategy for investors aiming to shield their portfolios from unexpected downturns. This options blueprint series delves into the intricacies of protective puts, presenting them as a pivotal component in the arsenal of...
Good evening and i hope you are well. bull case: Bulls stalled the market around 2040 which is important now. Bears made lower lows and broke below the triangle. Bulls need to trade back above 2040 and they want a retest of the smaller bear trend line around 2046 and then make a higher high above 2050. At 2046ish are 3 magnets: upper bear trend line, 1h 20ema...
COMEX:GC1! YOO family....I hope all is well>>> Lets Chop it Up and Go over this Future Short... Here are the few things I will need to see in PA before I enter SHORT... 1) On Friday Feb. 23rd Buyers pushed price up nearly 200pts during both session combined London & NY and Entered a major a Daily Supply Zone. Sellers held resistance inside the Daily Supply...
AMEX:GLD COMEX:GC1! looks ready for a move up. RSI paused just below 60, ADX move not started yet, MACD and price both coiling A lot of Economic Reports on deck this week may act as catalyst.
I see price buying just to clear liquidity as for now. Price did its 4th element which was the reversal to the upside. That element usually aims for liquidity pools, external liquidity, highs and lows, before reversing. Im watching this every 15 days. Already rode the buy up at @2008
Now we are moving in a developing descending channel, and when the price reaches the rectangle area, you can open a short position. Reasons for opening: 1. From this price, a descending movement observed several times. 2. When the price reaches the box area, you can see a sharp angle on the Williams' Alligator. Important! Follow risk management and do not open...
In this video I go over my reasoning for shorting gold futures. COMEX_MINI:MGC1! COMEX:GC1! due to technical and fundamental factors that can influence the price of gold TVC:GOLD In a negative way. Hope you enjoy and stay tuned for more! :)
I expect short positions. We are in FVG where I am waiting for a rejection at a lower levels. First Target 2032.5
Zones based on multi-time frame, highs and lows, OB's and IBs.
I think after four years of getting rejected and sinking back down, gold finally looks like it's ready to break out. If it does I think it's going to break out hard and we could see a quick (but short lived) run to $2,500. Let's see.
Gold futures saw a false break of $2060 on Wednesday, before momentum turned lower and sent prices back beneath the weekly and monthly pivot points. Those pivots have since turned into resistance, before gold saw a trendline break. As RSI (2) is oversold and prices have found support at the 10-dy EMA and daily S1 pivot, bulls could seek a near-term swing long...
To follow our primary scenario, Gold must not slacken on its way further up the chart! We still expect the turquoise wave B to reach a new all-time high, which requires more (corrective) rises. However, our alternative scenario could still prevail with a probability of 40%. In this case, the turquoise wave alt.B would have already been finished with the last...
If you were to draw a channel/rectangle for #gold futures daily chart, this one has the most relevant hits. These are the best set-ups IMO. Price is squeezing.