WE just hit a daily FVG and took a liquidity sweep. Waiting for a MSS on the 30 min to go short.
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...
Finally, our expectations for gold to slide below $2,000 were fulfilled yesterday when the shiny metal sold off following the release of higher-than-expected inflation data in the United States. Given the hell breaking lose (yesterday) in the stock market, we remain concerned about gold’s performance in the short and medium term (while being bullish in the long...
So, GBPCA buildet - building a reverse H & S and may the uptrend at least continue to the resistance.
Higher than previous headline CPI inflation indicate lower gold prices and higher USD the Nasdaq future and BTC should be expected to drop for the coming weeks and/or rest of the month.
R: 2075 S: 2049-2020 TF: 4 HRS Tip: Execute the trade whenever prices are near the pattern, including gap-up or gap-down openings. The chart pattern clearly states that we have already touched resistance and are now getting back to support. Execute the order at the opening of the market if it opens under the pattern.
For over two years of publishing on TradingView, we have maintained a bullish stance on gold, which has been marching higher in tandem with our expectations. In 2024, our outlook remains unchanged, and we expect it to continue performing well amid the persistence of institutional interest, global economic slowdown, and geopolitical tensions. However, we also...
We got a confirmed bearish trend change for GC (2 LL and 2 LH is what I look for to ensure I do not fall for the trap of a fake trend change!) Now looking for trend continuation to take a short trade. Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min...
Gold ended wave 4 and now has a powerful 1-2, i-ii elliott wave pattern . Target 3500
bad news could invalidate this pattern -war will ceased -inflation back to normal -price is almost near historical high targets 1800 - 1600 - 1400
Despite our expectations for gold to continue slightly lower, it rebounded from around $1,940 to more than $2,000 per troy ounce. While this move is impressive, it is important to note that gold has been rising together with the stock market. As a result, we are again skeptical about its prospects of retaining the current price tag (especially if the stock market...
Golds recent trading action has been quite sticky around the 200dma, so watch for a potential reverse off this mid 1930's level. An alternative scenario if this level fails is a deeper pullback to retest the channel which broke out.
In tandem with our expectations, we saw gold give up some of its gains after an impressive rally last month. Currently, it trades near $1,938 per troy ounce. Although we remain bullish in the long term, we are still unconvinced about a straight path higher in the short term/medium term. In fact, we believe gold has a chance of continuing lower, especially if the...
While bullish in the long term, we are still awaiting further pullback in the price of gold after its impressive run above $2,000. Right now, we are paying close attention to support and resistance levels near $2,009, $1,985, and $1,959. If the price of gold manages to hold above $1,985, it will be positive; the same applies to the breakout above $2,000 and...
I think gold is sell now , see daily chart AC indicator , it is red = down trend will come if high not break if you have open sell , 100% put SL or hedge buystop on high ( if buystop never close it, gold main trend is up, if you close it and gold go upper,you will 0.00 ...) my orders = I have sell (I open after pinbar with SL in pinbar high + buystop in...
In the previous idea about gold, we expressed skepticism for overly bullish prospects in the short term (in the long term, we stay bullish). The main idea behind that is gold often reacts (initially) positively to geopolitical tensions, stock market weakness, or any type of disruptive event. Nevertheless, even if persistent, these events (or disruptions)...
After literally months of waiting, we finally signaled that gold had reached some attractive price levels on 2nd October 2023. Subsequently, gold bottomed out in the next four days and rose more than $150 from its lows. While these gains are impressive, we are starting to grow very skeptical about how much higher gold can go from the current level. That’s because...
A pullback in yellow wave (2) almost hit 61.8% of yellow wave (1). Now we see the strong minor impulse to the upside. It can be a part of large yellow wave (3). The target is projected at the distance of 1.618x of wave (1) with aim at $2,577. Watch how price breaks above the top of wave (1) beyond $2,086 Risk/reward is 1:2.5, one could get it better if goes on a...