GOLD FUTURES Stock Chart Fibonacci Analysis 041523 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 2007/61.80%by fibonacci61802
Gold Gold is showing a double top structure --> if it breaks 60k expecting --> 58500 as next supportby Trade_with_yash0
Gold going for correction.Gold has broken to the pattern on lower side and closed bearish on daily timeframe. More downside in coming days. Target 58500. Stay safe and trade safe. Note: The above is not a trade recommendation. Consult your financial advisor before taking any.Shortby The_Trader140
Gold In a Longterm Wave 5 Uptrend DXY weakness translates into strong gold and now with fears of dollar losing reserve status and Russia buying record amount of Gold, there is a confluence of indicators suggesting now is a good time to be long gold over the next year or twoLongby TradingMula3
GCM3 High: 2060.00 Low: 1983.00 HigherWeekly Kickoff levels are longer timeframe levels where we believe longer time traders will adjust inventories.Longby TopstepOfficial2
Gold at Yearly R1 pivot pointGC1! this past week, ran into strong resistance at the Yearly r1 pivot point. The BIGGEST reversals happen at the yearly pivot points!by PivotalPivots3
Gold bell curve balance profile corrective areasBalance profile show by bell curve volume profile indicator in corrective waveLongby tofinse1
Beautiful gold trades with psychosisCheck this out, we have some beautiful trades predicted. after the breaks the lines become supportsby Psycho_1-11
Bobby's Homework Assignment4.13.23 ES GC1! There is one part of this video that was sloppy.... I tried to insert an extension on the gold chart. I hadn't really looked at it since yesterday and certain things happened that I didn't realize ...And I got caught off guard as I was running out of time. I will make the clarity on the next video and you will understand what that issue was.... which is not a big deal as long as you make accurate use of your tools. from a learning point of view if you're new to my videos I really screwed it up for you because you don't know enough of what I'm doing.... sorry about that... I will make it up on the next video. Details do matter!20:00by ScottBogatin5
gold mcx sellraising wedge pattern forming after breakdown selling could be possible Shortby imrahulshah22
Bobby's homework assignment part 24.12.23 We started with a look at coffee which made a new high On a swing that went to the top of a range box where we would look for a reversal. Then we took a quick look at cold that reached its HKEX:4 ,000 target.19:53by ScottBogatin6
Gold: Shaken, not stirred 🍸Like James Bond, gold seems to prefer shaking to stirring, as its recent movements suggest. In the course of wave B in turquoise, the metal has been bucketed about quite thoroughly and still has got some room left to expand the current ascent. As soon as wave B in turquoise is finished, though, gold should turn downwards and resume the overarching descent by developing wave (4) in yellow. However, there is a 35% chance that the precious metal could use the turquoise zone between TADAWUL:1830 and HKEX:1709 as an early exit, completing wave alt.2 in turquoise and shifting upwards from there.by MarketIntel2
GOLD Futures WeeklyGOLD Weekly Analysis: It has been trading in range for 980 days = 980 /365= 2.68 years approx Previously trend has been in upward momentum and then it went into consolidation(sideways) or can be considered accumulation as it is bullish rectangle. Ranges are good to trade as markets are in equilibrium and can brake either side but here the probability is high towards upside due to bullish rectangle Also from point A to B there was double bottom with the divergence on RSI but the bottom didnt break and RSI leads the price back to the range top to point C to $2078. From point C to D a wedge formation within the range and bullish divergence on RSI = reversal movement and moves the price from low of $1700 to $2040. Point is RSI has been effective in gauging the strength of direction. Now if the rectangle breaks then the next target from range brake will be 2500 Based on FIB projection first target will be (2300-2040=260) % Return = 260/2040= 12.74% Second target will be (2500-2040=460) % Return = 460/2040 = 22.54% By the time there is no divergence on RSI and price brakes the last 2 highs 2078 and we have some green candles visible to support the direction as well, longs can be initiated above 2080 to chase 2500 level. Remember this is weekly timeframe will take atleast a year to perform and the most important is SL:1640 Longby SMS141
Gold H4 As 1980 Supports Target 2080In 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 target01:03by Tickmill116
Gold - $2,000 Is ImminentGood news for goldbugs: GC Gold futures is projected to take out $2,000. Bad news for goldbugs: I still believe that both price action and fundamentals are short/medium-term bearish on gold and that this swing will amount to an exit pump before lower prices forecast in the below post are achieved. Gold GC1 - Discard Greed, Enjoy the Tranquility of Rationality I also believe that Silver is about to rip over $25 for roughly the same reason Silver SI - A Simple Trendline and Levels Scalp And oil to $88 WTI Crude - Step 1) $88 --> Step 2) $5 Some key fundamentals on gold is that the Chinese Communist Party has been accumulating. I've heard that central banks tend to accumulate gold when their economy is in severe trouble and they want to make a bad situation look good. This is also a classic play in the CCP toolkit, trying to appear as if everything is great and the Party is very smart and stable even as tens of millions of citizens and technicians have died from the pandemic. Another reason for amassing gold is to convert foreign reserves/national currency into something they can trade for oil on the dark market. The CCP is not in a good situation. If you look at the stats the Party is reporting, they say that Wuhan Pneumonia (COVID) has totally disappeared from the country since Jan. 10. Not a single case, not a single death in two months, if you believe what the least credible regime on the planet has to say, at least, it's really a miracle. But you should never believe anything the CCP says. The Party is addicted to lying. There's data that says the Shanghai vault saw 140 tonnes leave in January, the largest withdrawal since 2018. Some analysis says the CCP has over 4,300 tonnes of gold in reality, twice as much as they report, making them the second largest holder behind the United States. So this tells us that the US is the market maker and the CCP, a crumbling regime that is the government of the one country everyone wants to seize control of, has decided to take a huge position, and at relatively high prices. There's good reason to believe, then, that the US has +alpha to be gained from dumping gold. But first, the MM and its custom algorithms need to take out the shortsellers who have stops above the $1,975 pivot and the buyers who will go long over the $2,000 psychological level while dreaming of a new all time high. The CCP is going to fall soon. But the skeletons in its closet from the 23.5 year long persecution and genocide against Falun Gong linger like a guillotine over not only its head, but over the heads of all the governments and corporations that have supported the Party and helped it to survive all these years. This means that the wish for China's opponents is to ensure a controlled demolition of the Party so that the truth of what's been going on all these years can be buried. The problem with getting ahead of ourselves based on last week's price action in terms of a long is that it's the beginning of the month and gold already went up 3%. So, in my opinion, I'm looking for a pullback into the $1,820 range to go long and with a target slightly over $2,000. Time horizon is by early April. Monthly candles show that February was an outside bar: Daily <--> 4H <--> 1H candles show that February took out its low of the month right at the end of the month as well. So ultimately, I expect the February low to hold, so long as I'm reading it right and price action is actually bullish, and so long as the fundamentals overall are actually bearish. And there's no reason to be immediately bearish. Although price was rather abruptly rejected at $1,975, on the way up, there were no pivots or imbalances created. The pivot was just drawn at $1,810~. We can tell this because last week's candle was also an outside bar. What I'm thinking is going to happen is that $2,000 will be achieved to clear out shorts and to trap breakout longs and hysterical top buyers. After that, the US market maker will dump metals hard to put greater economic pressure on Xi Jinping's PBOC and CCP as the world attempts to make the Party fall so that they can invade China and establish globalism, which will lead to real worldwide communism. Think of dumping metals as something of a soft sanction against China and Russia. The idea of globalism is to have the CCP's social credit scheme become standardized everywhere on the planet, and then humanity will live in a two class system: one where there is a very small group of Gates/Clinton-type elites who lord from their "holy" ivory towers over a very large garbage dump of slaves scurrying around for scraps. This is the plan. But over the very long course of history, a lot of governments and organizations have attempted to take over the world. World government has never worked out, and has always ended in disaster. Disaster, followed by a change of scenery. This is why we find buildings from old cultures at the bottom of the ocean and buried in the Earth. Be careful, and good luck.Longby LordWrymouthUpdated 2221
Bobby's homework assignment part 24.11.23 Coffee Is probably moving higher from an established support level. I wouldn't trade oil right now, But it's showing a price action that suggests it's going to expand outside the coil and that we should be looking for an opportunity trade this market.... and we will know it when we see it, It may be good for buyers or it may be good for sellers.... we will know... the probably not today. We did the quick review of gold from earlier this morning and emphasize how important it is to be able to read Markets to adjust to each bar print to interpret the market more precision. 19:01by ScottBogatin4
Bobby's Homework Assignment4.11.23 In this video we're going to do a follow-up of the previous videos yesterday when oil gold. The gold actually found the support we were looking for after the video was published.... and the market went up about 2500 points even though I would have expected the market to eventually move to the top of the range box. If we had already been in the market Doing that video I would have told you where likely Reversals would have been because I do that on every video where we assume we're actively in that market. However,I didn't take the time to show that because there was no evidence of an act of trade. Once you're in a trade it is very important to know where your trade may run into a potential Reversal..... and that is what I discussed on this video. You need to study this if you want to understand how I look at markets.... not just to get into the market but how to make discretionary decisions about the market once I'm in. Not just that, I'm showing you how I might get into the market at a later time because I missed the initial chance to take a trade. We did one more thing: I showed you how I might have a long trade, but the market has reversal and goes down HKEX:1 ,200 or HKEX:1 ,500.... but has not reached my Stop.... and how I would handle the drawdown when a market shows me it's probably going to test higher and that will give me an opportunity to get out with a much smaller stop and give me A very respectable profit... even if I'm concerned that the market may not go to a new high. In this case I could have Recouped HKEX:1 ,000 of the drawdown. The market isn't All or Nothing...You can make discretionary decisions that will help your outcome if you're willing and able to make those decisions. I think this is an important video For Traders who want to factor in these issues for better results.20:00by ScottBogatin2
Gold Futures According to my graphical analysis of the Gold future , there is a probability of an increase towards the 2040$ level in the next few days .by Azer332
Bobby's Homework Assignment Part 14.10.23 I am going to talk about gold on this video where I believe you should be looking to be a buyer. I ran out of time so I couldn't get to the ES into oil. They will be next. I'm trying to fit the pieces together to show how to use range boxes and how to look for some of the tools that I use And I want to add some detail to how I use those tools and make trade decisions. I learned a long time ago That there is a certain physical process where you dissect all the parts and then put them back together in a way that you can actually use information. For most people, They want the success but they're not willing to do the homework assignment... in any aspect of your life... not just Trading. Fortunately for me I wasn't that smart so I had to rely on Tenacity and a lot of work.... and I liked learning and I didn't mind Taking longer to learn something. I do not like losing money when I trade and that doesn't make me happy.19:11by ScottBogatin335
GC Trade UpdatesRecap on my position on the GOLD (GC) that I have in my portfolio with the physically replicated ETC XAD1 on the Frankfurt stock exchange. From WS Italy: Ole Hansen, Head of Commodities Strategy at Saxo Bank, said: “Overall, we expect a favorable 2023 for the gold market, supported by recession and equity market devaluation risks: an eventual peak in central bank rates combined with the prospect of a weaker dollar and inflation that does not return to the expected level of less than 3% within the year. Furthermore, the de-dollarisation observed by several central banks last year, when a record amount of gold was bought, looks set to continue. As often happens, the market has already “discounted” even if specifically it would be better to say “appreciated” what happened in the previous months, the threat of recession, and above all the recent banking crisis of SVB and Credit Suisse (imminent acquisition by UBS) . All in all, I think it’s time to rebalance a position in profit of almost 10%. I will take home part of the profits, aware of the fact that, as said by the analyst, gold could still go up. We are not talking about an index, but a commodity, which has historically exceeded 2000$ an ounce and has even dropped significantly. I sell part of the position waiting for better times for other purchases. As always, I leave you with Warren Buffett‘s quote: “We simply try to be afraid when others are greedy and to be greedy only when others are afraid” Keep moving forward! Happy trading Lazy Bullby LazyBull50
Gold might retrace back to support before heading higherGold broke out of the resistance zone at 2000 region towards the 2040 resistance region which we identified last week. We have adjusted the direction of the break out where price can potentially fall back to the now 2000 support region before extending to the high of the range at 2080 region. As of now, any short opportunity should only be considered when price break out of the support region at 1940.by TrainingTrader1
Producing Recurring Income in GoldGold has long been a darling of investors. Its holders - whether households or central banks - seek refuge in the yellow metal in times of crisis. Gold is a resilient store of wealth, offers durable portfolio diversification, exhibits lower volatility relative to equities & bonds, and serves as an inflation hedge. But it has a big downside. As mentioned in our previous paper , gold pays zero yield. Shares pay-out dividends. Debt earns interest. Property delivers rents. But gold? Zero! There are multiple methods of generating yield from gold. This paper illustrates a risk-limited, easy to execute, and capital-efficient means of producing yield by investing in gold. Innovation in financial markets enables even non-yielding assets such as gold to produce regular income. A class of derivatives known as call options can be cleverly deployed to generate yield. Call options are derivative contracts that allow its buyers to profit from rising prices of the underlying asset. When prices rise, call option holders earn outsized gains relative to the options price ("call premiums"). Unlimited upside with limited downside describes the call option holder's strategy in summary. What has that got to do with generating yield in gold? Everything. For every buyer, the market requires a seller. Options sellers collect call premiums which comprise the income. Many widely believe that options are weapons of mass wealth destruction. Not entirely wrong. Used poorly, options devastate investors' portfolios. Deployed wisely, options help astute traders to better manage their portfolio, generate superior yield on their assets, and construct convexity (disproportionate gain for fixed amount of pain) into their investing strategies. Fortunately, a covered call is a strategy which uses options prudently. As the strategy involves holding the asset whose prices are expected to rally, the risk of the strategy is hedged with risks well contained. Gold Covered Call involves two trades. A long position in gold and a short position in out-of-the-money gold calls. In bullish markets, investors gain from call premiums plus also benefit from increase in prices. Covered calls not only enable investors to generate income but also reduce downside risk if asset prices tank. A covered call trade in gold can be implemented in a margin efficient manner using CME’s Gold Futures and Options. A long position in CME’s Gold futures (“Gold Futures”) gives exposure to 100 troy ounces (oz) of gold per lot. Combining long futures with a short call option on Gold Futures at out-of-the-money strike allows investors to harvest premiums. Selecting an optimal strike and an expiry date is critical to successfully execute covered call strategies. First, Strike. It is the price level at which the call option transforms to be in-the-money. Strikes which have daily volumes & meaningful open interest enable options to be traded with ease and provide narrow spreads. Strikes that make options expire worthless benefits the covered call options holder. Second, Expiry. Options have expiry. Options sellers thrive on shrinking expiry for generating yields. Investors selling call options optimise their risk-return profile by selecting an expiry with higher implied volatility (IV). Option prices are directly proportional to IV. Higher IV leads to larger premiums enriching returns. SIMULATION AND PAY-OFF MATRIX This paper illustrates a covered call strategy in gold using the CME Gold derivatives market: 1. Long one lot of Gold Futures expiring in Oct (GCV3) at $ 2,050/oz. 2. Sell one lot of Call Options on Gold Futures expiring in Oct at a strike of $ 2,275 collecting a premium of $ 40/oz. The pay-off matrix simulates the trade P&L under four likely outcomes among many possibilities at trade expiry: a. Gold rises past the strike ($ 2,400): Options get assigned to the buyer. Covered call option holder incurs loss of $ 85/oz (=$ 2,400 - $ 2,275 - $ 40) from short call offset by profits from long futures ($ 350 - $ 85) = $ 265/oz. Each GC contract has 100 troy ounces of gold, so total profit will be $ 265 x 100 = $ 26,500. b. Gold rises but remains below the strike ($ 2,250): Options expire worthless to the buyer. Seller retains premium in full. Covered call option holder profits from long futures + call options premium ($ 200 + $ 40) = $ 240/oz. Each GC contract has 100 troy ounces of gold, so total profit will be $ 240 x 100 = $ 24,000. c. Gold price falls marginally below the entry price ($ 2,030): Options expire worthless to the buyer. Covered call option holder loses money from long futures and thankfully the loss is offset by call options premium (-$ 20 + $ 40) = $ 20/oz. Each GC contract has 100 troy ounces of gold, so total profit will be $ 20 x 100 = $ 2,000. d. Gold price falls ~5% below the entry price ($ 1,950): Options expire worthless to the buyer. Covered call option holder loses money from long futures and the loss is partially offset by call options premium (-$ 100 + $ 40) = -$ 60/oz . Each GC contract has 100 troy ounces of gold, so total loss will be -$ 60 x 100 = -$ 6,000. The chart below describes the pay-off from Gold Futures (Long position), Gold Call Options (short position) and Covered Call (combination of the two trade legs). MARKET DATA CME Real-time Market Data helps identify trading set-ups and express market views better. 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 DISCLAIMER This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services. Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description. Educationby mintdotfinance339
Gold Future's Historical Point and Figure ChartMAGNIFICENT take-off platform morphing into existence for #Gold. 35$ box size watch that 2060$ level.Longby Badcharts1110