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Gold Futures (Feb 2017)

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AUG2017 trade ideas

Gold COMEX Future - Intraday Levels - 10th June 2024 If Sustain above 2310.4 then 2315.4 then 2325.0 above this bullish then 2347 to 2352 or 2361 above this more bullish If Sustain below 2310.4 then 2297 to 2292.1 or 2288.6 then 2278.7 to 2273.8 or 2270.3 below this bearish then 2252.1 then 2242.0 to 2237.2 below this more bearish then 2215.7 Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer -  I am not a registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock and commodities trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
COMEX:GC1!
by PrashantTaralkar
3
Futures Gold Day Trading analysisOn Gold , it's nice to see a strong sell-off from the price of 2351. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the strong volume area along with the strong S/R area from the past are my main reasons for this short trade. Happy trading, Dale
COMEX:GC1!
by Trader_Dale
GoldTHIS IS NOT A TRADING SIGNAL, ITS AN OPINION, IF YOU COPY IT, IT IS ON YOUR OWN RISK. Gold has made newer high last week, but it has field to break through and keep moving up wards, went for retest the strong support at $2330 but it has field to hold and push back to the up trend and broke the up trend line. So far the game has changed a bit due to the up coming Fed Rate, which strongly expected to keep the rate at same 5.50%, and that will push the Gold down to the levels $2250 and then $2180 which is a strong support that we will see a strong pull back from that level if the price pushes to that level, expected a lot of buyers around $2180 level.
COMEX:GC1!Short
by TradingJourney0
#202424 - a weekly price action market recap and outlook - goldGood Day and I hope you are well. old futures Quote from last week: bear case: The smaller bull trend line was clearly broken and retested and the higher time frames also give more sell than buy signals. It’s a two-legged correction here to the ema and that is a perfect sell signal. They want follow through on Monday for target 2300. comment: This market behaved as I said it would. The high of 2406 was a bit higher than expected but overall read was perfect. We are in W3 which should lead a bit lower to around 2270ish before we get another sideways to up movement. If W4 stays below 2350, W5 should bring us to at least 2200. That is a 120 point move in Gold for you. Let’s see how it will play out. Small possibility that 2300 stays support and we move more sideways. Would reevaluate my take on this then. current market cycle: trading range until break below 2300 , which would confirm a bear trend, probably down to 2200. I favor the bears heavily here but leave room for 2300 being stronger support than I think it is. key levels: 2300 - 2400 / below 2300 comes 2270 in play bull case: Bulls continued in the expanding triangle and got their retest of 2400, just to be violently sold by the bears. Twitter and news salespeople want you to believe it was due to news that China won’t buy any more Gold. But how do they explain the W1 from 2477 down to 2334? That started 2 weeks ago. Only objective now for the bulls is to keep it above 2300, otherwise 2270 comes next. Invalidation is below 2300. bear case: My bear channel tells how you I feel about Gold. Now bears need to print lower lows and keep the pull-back for W4 mostly sideways and under 2350. I fully expect to hit 2200 over the next weeks and then we will find out how many people want to buy Gold again. Invalidation is above 2360. outlook last week: “Still preferring that second leg down to 2200. Bearish below 2340 and neutral 2340-2390.” → Last Sunday we traded 2345 and now we are at 2325. My target to the EMA was on point and good for about 30 points and my downward target to 2270 is still valid. Good outlook. short term: Bearish. Big bear surprise on Friday and I expect follow through. medium-long term: For now I think the most reasonable outlook I could give is a trading range 2200-2450. This could hold for some time. Bear in my still thinks this rally is dumb and we will see 2000 again this year but that’s as unreasonable of an outlook one could hold so DON’T. —unchanged current swing trade: Short from 2374. SL is 2406. Chart update: I like my new bear channel. I trade it and I made money so far with it. Hope you can make some too with it.
COMEX_MINI:MGC1!Short
by priceactiontds
Gold COMEX Future - Intraday Levels - 14th June 2024if Sustain above 2325 then 2340.5 to 2347.5 or 2352 to 2354.4 above this bullish then 2358.7 to 2361.4 then 2365.7 to 2368.2 or 2372.6 to 2376.9 above this more bullish then 2379.7 to 2383.9 then 2390.8 to 2397.9 if Sustain Below 2318 then 2311 then 2307 to 2304.1 below this bearish then 2290.7 to 2288.6 then 2281.6 then 2276.3 to 2274.6 or 2270.3 to 2267.7 below this more bearish then 2263.4 to 2260.1 then 2256.4 to 2252.1 then 2249.5 to 2245.2 Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer -  I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
COMEX:GC1!
by PrashantTaralkar
Gold continue with the UptrendOn Gold, it's nice to see a strong buying reaction at the price of 2375. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
COMEX:GC1!
by Trader_Dale
2
Gold COMEX Future - Intraday Levels - 7th June 2024if Sustain above 2398.6 then 2402.1 to 2405.7 then 2413.3 then 2421.3 then 2424.9 to 2428.5 then 2435.3 then 2439.1 to 2442.6 above this more bullish if Sustain Below 2388.0 or 2384.6 then 2373.9 to 2370.9 then 2362.0 then 2352.5 to 2348.0 below this bearish Consider some buffer points (+/- 4) in above levels. Please do your due diligence before trading or investment. **Disclaimer -  I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
COMEX:GC1!
by PrashantTaralkar
Can the HOUSE CAPITALIZE LONG from 1HR Demand...?COMEX:GC1! "To be the best you have to work overtime." -Floyd Mayweather Jr. I have simply come up with this Narrative to go LONG from studying PA. On the 4Hr TF price rejected multiple times at the Daily Support level and buyers started to push up from the supported LEVEL ($2309.0)... 1) We have a clear 1Hr inside bar candle that has yet to be mitigated and this is what I want to enter the market LONG off of. I took 50% of the zone covered the Last Market Low for my stop and I'm targeting the next Minor S&R Zone in the market also based off the 4HR TF ($2335.5)... Now lets see if we can get the Tag in and BIG PUSH UP!! Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Step!! Stay Focused & Reach Excellence!! #BHM500K #NewERA #Champions
COMEX:GC1!Long
by TreyHighPwr
Gold COMEX Future - Intraday Levels - 12th June 2024 Today will be tough day for trading, if Sustain above 2330 then 2339 to 2340 above this bullish then 2344.9 to 2347.0 above this more bullish then 2352.4 then 2356.7 to 2358.8 or 2361.4 to 2363.1 then 2364.4 if Sustain Below 2328.3 to 2326.7 or 2325.0 below this bearish then 2310.4 to 2308.5 then 2304.2 to 2302.5 below this more bearish then 2296.4 then 2292.1 then 2290.3 to 2288.6 or 2284.3 Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer -  II does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
COMEX:GC1!
by PrashantTaralkar
GC / Gold / XAUUSD 1hr narrative for 17-JunWe are in a range since the 10th of June. We never trade in the middle of the range. We can see that price is consolidating and preparing for expansion. I would look for a short at the top of the range after a bullish sweep (also referred to as manipulation) and then anticipate price to go lower. However, as this range has seen a lot of volume, the bears may not have much momentum before the bulls get in the driving seat. Note to self and every deliberate and disciplined trader. Don't long at the top of the range, even if ti feels tempting. Similarly, don't short at the bottom of the range if you don't want to become liquidity. Let price show its hand. The higher time market structure clearly tells us we are bullish. Be conservative, don't try to short when the overall structure remains agressively bullish. Honour your experience, if you don't know what to do, or feel confused, SIT ON YOUR HANDS. Doing nothing will make you money. It is very likelyt that price will attempt to breach the ATH. Have patience, wait for retracements before entering into bullish trades. FOMO = Losing money. Know your reptilian impulses, witness them, for it is only you, the beautiful human who is capable of looking at the workings of your own brain.
COMEX:GC1!Short
by DayTradingDragon
2024-06-13 - a daily price action after hour update - goldGood Evening and I hope you are well. gold comment: This does look a lot more like a trading range than a market who want’s to have it’s third leg down. 2300 continues to be big support and until that is clearly broken, it’s a buy at that price. For the pull-back to stay below 2360 is bearish. So market has arguments on both sides and that is why we can expect more sideways price action until that range is clearly broken. current market cycle: trading range key levels: 2300 - 2360 bull case: The longer they can keep it above 2300, the more neutral the market becomes and the odds for a breakout to either side become 50/50. Market is in balance here, so no good arguments for higher or lower prices. The current bear channel is reasonable and maybe the bulls are favored down here to trade it back to around 2330 tomorrow. Invalidation is below 2300. bear case: Need a break below 2300. No better arguments for their case either. Invalidation is above 2360. short term: Completely neutral inside given range. medium-long term: For now I think the most reasonable outlook I could give is a trading range 2200-2450. This could hold for some time. Bear in my still thinks this rally is dumb and we will see 2000 again this year but that’s as unreasonable of an outlook one could hold so DON’T. current swing trade: None trade of the day: Yeah just a weird day. Expanding triangle first and then another big sell against the 1h 20ema.
COMEX_MINI:MGC1!Long
by priceactiontds
Gold Must Do This Gold (August) / Silver (July) Gold, yesterday’s close: Settled at 2327.0, up 2.0 Silver, yesterday’s close: Settled at 29.874, up 0.434 Gold and Silver futures have faced tremendous headwinds from all angles. Friday’s obliteration began after data showed People’s Bank of China did not add to its Gold reserves in May, breaking a streak of 18 straight months. Although we know central banks around the world are still adding to Gold and private entities in China are likely to be doing the same, the news should not have been a total shock as the PBOC softened its buying in April, and as prices have skyrocketed, up as much as 23% in May from the December low. A strong U.S Nonfarm Payrolls reported, highlighted by large job growth and steadfast wage growth hit a market while it was down. However, the Unemployment Rate rose to 4.0%, a two year high. While pockets of data show some erosions, job growth has been abundant, especially in the services sector. Gold and Silver price action improved yesterday before China returned from a three-day holiday to pick up from Friday’s selling that was incurred during U.S. hours. While Silver set a fresh low last night, losing 3% from session highs, Gold remained more constructive, and we are now seeing improvement at the onset of U.S. hours. In fact, Gold is testing the highest level since Friday morning. While there is strong overhead supply in the aftermath of Friday’s damage, we view a move that can hold above 2327-2330.6 as constructive and sets the stage for a potential move out above major three-star resistance at 2343.3-2346.2, which pins Gold positive on the month and neutralizes Friday’s bludgeoning. Bias: Neutral/Bullish Resistance: 2334.8-2337.1***, 2343.3-2346.2*** Pivot: 2327-2330.6 Support: 2322.5-2324.7**, 2314.5-2318.5***, 2302.4-2308.7***, 2227.5-2256.4*** Silver (July) Resistance: 29.62-29.72**, 29.87-29.94**, 30.07-30.09***, 30.23-30.33*** Pivot: 29.51 Support: 29.33-29.37**, 29.13-29.23**, 28.70-28.80**** Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups 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 *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
COMEX:GC1!
by Blue_Line_Futures
GC/Gold 1H Buy Idea 6/15/24Price has broken the trendline and has now retested on the other side with a hammer forming as the market closed. Looking for price to continue bullish into next week. Keep in mind that price could very well break below the trendline again to form a M with the double top that is possibly forming as well. BUT I'm leaning more towards the buy because of price currently coming to the 1/4H Highs from 6/12/24 **This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
COMEX:GC1!Long
by cecedidit
Golden, Green, or ScarletHey There, Welcome Back. Today we analyze the evergreen hedge commodity. - If you are an Indian, Given that Gold rallied almost 17% in a very short span You must be quite happy. We Indians love gold. Especially, the ladies in our homes. - The chart of Gold Futures is showing something interesting. The price took quite a rejection from the recent support zone. - If this rejection holds, we may see a correction/retracement. - On the other hand, we may just see a consolidation phase (Which is usual after a good rally) - Only future price action will tell what's what but in the meantime, here are a few rumors/updates to know in the vicinity of Gold (Some are just rumors so take it with a pinch of salt) : - BRICS Bloc is rumored to introduce a gold-backed currency that will any day be more reliable than the flat currency every other country has. - US is battling Economy slowdown and recession. The United States has the world's highest national debt with $30.1 trillion owed to creditors as of the first quarter of 2023- Al Jazeera. - The US Credit ratings were reduced to AA+ from the elite AAA - If the BRICS Currency comes out, 85% of the global population will stop using US Dollars for intra trades settlement (BRICS Nations) - Russia is out of the SWIFT System meaning USD Dealings are off the table. That reduces the demand for dollars. - Saudi Arabia is rumored to join BRICS. Also, for the first time, they are considering accepting other currencies besides the Dollar for Oil trades. This may hugely impact the almighty dollar. - In the calendar year 2022, central banks around the world purchased a record 1,136 tonnes of gold. - RBI’s hoard of gold is now almost 800 tonnes - China’s Central Bank is accumulating gold for straight 9 months - Gold may soon be the King once again. Does that mean we will start buying gold at any given price? Absolutely Not. But we will surely keep a check on the global news, the price action, and our overall asset allocations. Have Requests, Questions, or Suggestions? DM us or comment below.👇 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
MCX:GOLD1!
by TheChartereds
GOLD MARKET OVERVIEW The precious metal closed at $2,327 per ounce, sweeping liquidity as prices are expected to re-ranges around the 2360s. With the third quarter of the year approaching and ongoing instability, involving the Feds and central banks in East and Central Asia recurs as gold remains a valuable asset and a safe haven with growth potential. Despite expectations of rising inflation and the possibility of the US Federal Reserve lowering interest rates this year, gold prices are still declining. For a confirmed sell momentum, we need to see a decisive break back to the preliminary supply zone at $2,370-$2,385.follow for more insights as the next insights will be published via the comment section ......boost idea and comment .
COMEX:GC1!Long
by Ak_capitalist
3