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Gold Futures

3,340.0USD / APZD
−5.3−0.16%
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GC1! trade ideas

GOLD MAY ROLL OVER. PREPARE TO SELL!Monthly: Just made new all time highs. The August candle closed within the range of the July candle's trading rang. As retracement is naturally expected when swing highs are swept, a pullback is expected. Weekly: Failed to make a new high after the previous candle established a new ATH. Daily: Price struggled to move higher for 10 days. Friday's candle established a new low of the week. SSL target points at the recent swing lows. It's time for a pullback, imo. Not a reversal. I can see a retracement to the Weekly +FVG highlighted in the video. Thanks for watching. If you like the video, leave a LIKE and subscribe. May profits be upon you.
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by RT_Money
4
Just a Health Pullback in Gold? Gold Technicals - (December - Z) Gold futures came under slight pressure in the overnight session, with weakness in outside metals, strength in the Dollar, and an uptick in two-year treasury yields also contributing. Futures continue to maintain their upward trajectory, with 'dip buyers' still active in the markets. Futures will need to preserve the August 22 low of 2506.4 and the psychological 2500 in order to keep momentum traders in the markets. Any close below 2484.9 will open the door for a further correction. Gold (Dec)—Daily stochastics correct from overbought territories, indicating traders maybe unwinding some of their bullish bets. DMI - turned above DMI + , indicating the market is cautious. The average true range (ATR) is 35.2 per day. For Trend Traders Bias: Bullish/Neutral Bull Trade Trigger: 2504 Bull Trade Trigger Date: August 12 Trend Reversal Point: 2484.9 Resistance: 2566.2**, 2583.7**, 2601*** Pivot: 2506.4*** (August 22 Lows) Support: 2500 (Psychological)***, 2484.9 (Trend Reversal Point)*** 2467.7 (50 DMA)***, 2400 (Psychological)*** 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.
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by Blue_Line_Futures
This is Wyckoff Volume Spread Analysis - Short GC Gold FuturesIn this short educational video, Author of "Trading in the Shadow of the Smart Money", Gavin Holmes, explains the VSA short set up "Potential Professional Selling" shown as a red indicator with PS above it. This results in a down move in GC Gold Futures, which will be confirmed if we see an indicator called "No Demand". To view Gavin's personal TradingView channel which has detailed analysis from last week, please follow him at gavinh10277
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by TradeGuider_VSA
2
#202436 - priceactiontds - weekly update - gold futuresGood Evening and I hope you are well. tl;dr gold: Bulls confirmed the breakout with a strong monthly close above 2500. There are multiple nested wedges currently and I would not buy into the highs but rather wait for a pullback or a breakout above 2570. Last thing you should do right now is to look for shorts until bears come around big time. Last time bears even touched the weekly ema was end of February. Quote from last week: comment: Did we learn anything from a sideways week? We have a bullish pattern and a technical textbook pullback a bit above the ema. Bulls bought it and that is bullish. But only a break above 2570 is confirmation. Resistance is always that until it breaks, no matter how strong you think the trend is/looks/feels and this trend inside a 5 month trading range is not strong so far. Bulls are trying the breakout and the monthly close will be the most important for them. If they manage their first close above 2500, it would be a confirmation and buy signal going into September. What could be a potential target above? Since the trading range was mostly between 2300 - 2500ish, we can do a measured move up and that would bring us to the ballpark around 2700. comment: Weekly inside bar. I am not lazy but I do not see any value in making up more words to fill the page so you can stay busy longer reading this. Market is neutral around 2530. Bulls need a daily close above 2570 and bears one below 2500. That’s it. Structure is still bullish. We have a big bull wedge on the weekly/monthly chart, nested bull wedges on lower time frames and sort of a bull channel upwards. I very slightly favor the bears to test 2500 again but only because bears closed last week at the lows. Daily ema held for 3 weeks now and there is no reason why it should break now and we are only 10 points above it. current market cycle: Trading range for many months now and it’s probably coming to an end over the next weeks/months. Bulls are currently still trading above the previous highs, which is sort of confirmation of the breakout but I am not 100% convinced. Need a daily close above 2570 for that. key levels: 2400 - 2570 bull case: Bears not doing enough so bulls are happy to continue. They want 2600 next and have all arguments on their side as long as they stay above the daily ema at 2517. Invalidation is below 2500. bear case: Nothing changed for the bears. Either stop the bulls below 2570 or give up for 2600 and potentially 2700 over the next weeks. Bears need a 1h close below 2500 badly. That’s it. Exactly the same sentences as last week. Invalidation is above 2570. outlook last week: short term: Exactly the same as last week. Bears had a pullback and bulls bought it. Inherently bullish but only if bulls can break above 2570. → Last Sunday we traded 2546 and now we are at 2527. High of the week was 2564. 19 point miss over a week is as good as it gets. short term: Neutral. Clear invalidation levels for both sides. Set up alarms and be patient. medium-long term: Above 2570 I will update this. Until then we are in a trading range 2400-2570. current swing trade: None. chart update: Removed unnecessary lines and made the bullish structure more clear.
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by priceactiontds
GC1! - weekly outlook for Sep 4-7GC1! on monthly closed within the Jul range setting up the premise for a CRT on monthly (see the fib levels for CRT in the monthly fib) On weekly we have another CRT candidate with prev week's low acting as DOL for the week of September 4-7. Not much on daily and we need confirmation on 4h for the unicorn setup. Basically anticipation for GC1! to provide an entry from the 4h fvg before moving down to the weekly sellside liquidity.
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by profitmaker2805
2
GC ( GOLD ) Open Outcry Initial Balance Fib extension Projection- Initial balance High/Low calculated between 7:20 and 8:20am CT for the Fibonacci tool. - Displaying previous 10 days with Fib Levels < 1 and < 0. - The Session Volume profile (SVP) calculates during Outcry Trading Hours : 7:20 am - 12:30 PM CST with Value Areas High/Low between the blue lines and Vol POC in Pink. - I am also looking at extending the SVP to 16:00 CST when Futures trading stops for the day.
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by TradingStudent78
Downside Ahead for Gold - COT Strategy SellDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence. COT Strategy SHORT Gold (GC) My COT strategy has me on alert for short trades in GC if we get a confirmed bearish change of trend on the Daily timeframe. COT Commercial Index: Sell Signal Extreme Positioning: Most short Commercials have been since January 2021. Large specs longest they have been since March 2020. OI Analysis: Price upward consolidation since April has seen Commercials heavily selling = bearish. Large Specs at longest positioning since March 2020 = bearish. Valuation: Overvalued VS Treasuries True Seasonal: Strong seasonal tendency for gold to go down in September Spread: Bearish spread divergence COT Small Spec Index: Sell Signal Supplementary Indicators: Acc/Dist, %R & Stochastic Sell Signals. Remember, this is not a "Short Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the downside, which we will participate in with a confirmed Daily trend change to the downside. Good luck & good trading.
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by Tradius_Trades
2