Gold – Sitting on 8HR FVG Support Before CPI | Patience RequiredPrice rejected before taking yesterday’s high and is now sitting right on top of the 8HR FVG. We’ve finally got a clean retrace into structure after a week of impulsive bullish movement.
I’m watching how price behaves here going into NY session + CPI release — this zone could be where the next leg
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Has Gold Reached Its Fullest Potential?Has gold reached its fullest potential? It depends on the US dollar.
As we can see when dollar declines, gold went up.
i) From 2001 to 2011, when dollar was down, gold went up.
ii) From 2017 to 2020, when dollar was down, gold went up.
iii) And from 2022 to current, when dollar is down, gold is u
Gold GC1 UpdateI said earlier this week that it's supposed to drop but will wind up going sideways instead and it did. I put my money where my mouth is, and went long on GLD calls and ETF because my MFI indicator went oversold then crossed back over the red line.
We'll see if I'm right or not and if the 3hr MFI
Gold strong bullish momentumHere we can see my channel projection lines and how the bullish momentum just keep on getting stronger and stronger. Now here is the question. Will the bulls pick up more momentum pushing the price even higher to the projected channel line?
Love to hear your opinion, leave a reply.
#Gold
GOLD (XAUUSD): Bullish! IRL To ERL! Look For Buys!In this Weekly Market Forecast, we will analyze the Gold (XAUUSD) for the week of Oct. 13-17th.
Gold is bullish on all HTFs. Selling is not an option. Moving from IRL to ERL. Only buys are valid.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appre
Gold Rallies as Geopolitical Tensions EscalatedCOMEX: 1-Ounce Gold Futures ( COMEX:1OZ1! )
Without warning, the music at the Wall Street merry-go-round suddenly stops.
On Thursday, October 9th, China’s Commerce Ministry issues a directive, requiring foreign suppliers to obtain approval to export products with rare-earth materials originating f
Macro Data can keep Gold Pushing! Key Levels:
Daily High (DH): 3899.5
Monthly High (MH): 3899.5
Daily Low (DL): 3820.4
Weekly High (WH): 3824.6
Weekly Low (WL): 3717.7
📊 Technical Outlook
Price is currently trading near 3890, holding strong after yesterday’s impulsive bullish move. If we see a clean break back above yesterday
Gold’s Relentless Ascent: Consolidation or the Next Breakout?Gold futures rose 2.3% for the week ending 10/Oct, marking the eighth consecutive weekly gain and lifting prices to a new all-time high above USD 4,000 per ounce. Despite the record-setting week, performance was mixed. Late in the week, gold came under pressure as risk sentiment improved following a
Gold 4h Potential Short Confluence🔱 Just wanted to highlight this confluence 🔱
The yellow L-MLH and white U-MLH are lining up to form a potential short setup.
Today’s selling pressure is also giving an early warning signal.
If we open and close below the white U-MLH, we’ll likely retest it before any major drop.
Shorting this mo
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of Taifex NT Dollar Gold Futures is 15,390.0 TWD — it has fallen −1.50% in the past 24 hours. Watch Taifex NT Dollar Gold Futures price in more detail on the chart.
The volume of Taifex NT Dollar Gold Futures is 27.00. Track more important stats on the Taifex NT Dollar Gold Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Taifex NT Dollar Gold Futures this number is 1.14 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Taifex NT Dollar Gold Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Taifex NT Dollar Gold Futures. Today its technical rating is strong buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Taifex NT Dollar Gold Futures technicals for a more comprehensive analysis.