Looking at the 1D chart, we see a price displacement (a significant and energetic push beyond a prior high/low without quickly retreating) on May 16-18, 2023. This reinforced a bearish outlook; however, after a low was established May 30, price has failed to displace that low twice (June 5, and today (June 7)). I don't see a fair value gap, breaker block, or other...
COMEX:GC1! Gold Futures Gold has fallen to strong areas of demand, including the start of the ascent and its top target set above
This is the setup for the retest of the opening range on GOLD today using the OTA TradingView Tools. We have high timeframe momentum going down and the middle timeframe trend going down. Therefore we are looking for a breakout to the downside and the retest on the rally base drop.
Looks like high probability that we sill see #gold in the mid 1800s again shortly based on technicals. Fundamentally we have sticky inflation and a strong jobs market in US, which lends to another rate hike, thus recessionary trade taking a backseat for the short term.
This is a daily analysis for gold. i found an inefficiency labeled volume imbalance that i anticipate the markets to gravitate towards. with this bias i can go in to lower time frame and trade this direction during certain times of the day
Before I get into the writing of this idea, I understand that I am likely gonna be in the minority and I understand also that a lot of people are going get highly upset because gold tends to have an emotional hold on many traders — which I find interesting. Nevertheless, here's what I see.... This analysis is being done mostly from a weekly chart. So, to...
MOEX gold gives clean lines, channel test , support zone.....
In this update we review the recent price action in GOld and identify the next high probability trading opportunity and price objectives to target
Sell idea on GC1 as you see on the chart after the breakout of the vwap indicator.Thanks!
high risk. Monthly reject monthly -> W limit W === CC anticipating CC retest. 21 or 31 pip sl 2000 tp partial every 100 pips
5.31.23 This video was a review of oil which had a great move lower to the bottom of a lower range box... if I had been long I would probably just take my profits as I explained in the video. it is at a potential support area but we need another 4-Hour Bar which would take over an hour for me to make a trade decision. At the end of the video I started To talk...
In this update we review the recent price action in th eGold futures contract and identify the next high probability trading opportunity and price objectives to target
price move up strongly after that selling pressure is coming if you check OBV and MACD on m30 bearing divergence is showed good selling on m30 confirm this entry
Splish splash, I was taking a bath, Long about a Saturday night, yeah. A rub dub, just relaxing in the tub, Thinking everything was alright. Like Bobby Darlin in his song, gold should also take a refreshing bath in the turquoise zone between $1840 and $1713 soon. Therefore, it must drop below the support at $1936 to gain further downwards momentum. Thus...
This swing trade idea centers around Gold MCX, a widely traded commodity in the Indian market, and highlights a potential breakout opportunity. By conducting technical analysis on the 2-hour chart, specifically focusing on supply and demand zones, as well as a triangle chart pattern, this idea aims to identify a possible trend reversal from a downtrend to a...
This chart is really clean in my eyes. We have a tripple top acting as retail resistance. The orderflow on the Weekly is bullish with that nice reaction out if the Weekly breaker earlier this year. Reaction that created an Imbalance. We are close to that Imbalance right now so ill keep an eye for long set ups in the coming days and weeks.
The initial target for downside breakout of the 1984 region is met with Gold ended the week at key support region. The strong downside move of Gold can be primarily linked to the appreciation of the Dollar. With Gold being at key support level and the Dollar being overextended, there is a high possibility that the key support will hold and Gold will begin to...