Get started
Gold FuturesGold FuturesGold Futures

Gold Futures

Overview News
Ideas
Discussions Technicals Forward curve Seasonals

GOLD1! trade ideas

2025-01-16 - priceactiontds - daily update - goldGood Evening and I hope you are well. comment: The bull channel is clear and valid until broken. I do think a bigger pull-back is overdue but until then, bulls are in control. current market cycle: trading range key levels: 2670 - 2770 bull case: Bulls want to print above 2761 and make a new high above the December high. If they can get it, we could see more upside to 2800 since there is no more resistance afterwards. the bull channel is tight and no matter how you count it, we had at least 3 legs up and betting on a 4th is a losing strategy in most cases. Invalidation is below 2700. bear case: Bears doing not enough and if they fail at 2761, we will go 2800+ again. Not much to interpret here. We are still in a bull channel on the 1h tf and bears would need a 1h bar close below the 20ema for a start. The previous times we got above 2740, we printed huge bear reversal bars and I am hoping for another one tomorrow. Bears are also seeing this as at least 3 legs up and they want another decent pull-back for at least 50 points like the prior ones. Invalidation is above 2765. short term: Neutral. Waiting for bears to come around here at big resistance. If they fail, we see 2800 soon. No bigger interest in buying this. medium-long term - Update from 2024-01-02: If we break strongly above 2700, we will likely retest 2740-2760 and depending on that move, we will either stay inside the big range 2560 - 2760 or retest 2800 or even higher. current swing trade: None trade of the day: Buying the double bottom on the 1h tf at 2722 before EU open. Otherwise just any pullback to the 1h 20ema.
COMEX_MINI:MGC1!
by priceactiontds
Gold's shakeout may not be overLast week in a video I expressed my concerns that the start-of-year gains were a bit suspect. So it is interest to see that a bearish engulfing day formed around a resistance cluster including a weekly VPOC and trendline from the record high. Prices remain within a small symmetrical triangle on thew daily chart which could really break either way, but with such a strong bullish trend on the weekly, any retracement seems likely to be shallow. I also see gold hitting record highs this year. For now, the leg lower from Friday's high appears to have formed in one way within the triangle, which implies at least one leg lower within it. Bears could seek to fade into moves towards 2700 and target the HVN around 2646 or the lower trendline of the triangle. Matt Simpson, Market Analyst at City Index and Forex.com
COMEX:GC1!Short
by CityIndex
GC LONG from 2675-2680 targeting 2700-2710Gold future contract was traded in an up trend for the past following days, after the huge correction we had from 2760 to the ~2600 level. from there - we gained momentum and buyers that took the price all the way up to 2710 again. yesterday we got a big daily correction candle that took us back to 2680. 2675-2680 is a big AOI for this asset, and I expect buyers to come in and make the price bounce around 1% back up (2700-2710), where I will want to take profit and recalculate the odds for holding it to 2750 or let go. Stop would be bellow 2670-2675, good luck BHNVN
COMEX:GC1!Long
by HagaiVinik
#202502 - priceactiontds - weekly update - gold futuresGood Evening and I hope you are well. comment: I want to be bearish with a stop 2761 but so far bears have not done enough. Market is still above the 1h 20ema and until we have consecutive closes below, I won’t take shorts. My bear trend line is good and market showed the expected reaction there but the risk of another test of 2735 is too high to take early shorts. Bulls also closed above 2710, which is pretty bullish but I would never buy so close to a big bear trend line. Downside potential is about 100 points while upside is most likely limited to 2761, so r:r is clearly on the bear side. current market cycle: trading range key levels: 2620 - 2761 bull case: Strongly bullish week and despite having many tails above the bull bars, we are only going up. Bulls want to break above the bear trend line and test 2761 again. Gold has been in a trading range 2560 - 2761 for more than 2 months and betting on a breakout is low probability. Bulls are buying this on momentum but once that is gone, they likely have to cover and try lower again. If bulls want 2800 bad, we would stay above 2700 and continue upwards. I currently see this 50/50 for both sides. Invalidation is below 2670. bear case: Bears tried on Friday but bulls got a big bullish reversal bar and closed above 2700. Best bears could do right now is to turn the market neutral around 2700 before they can try to sell this down again. Bulls are in full control and bears have not done much since beginning of 2025. First target for the bears is to stop the market from making new highs and staying below the 2024-12 high at 2761. Next target down would be 2680 and a 4h close below the 20ema, which has not happened since last Monday. Invalidation is above 2761. short term: Neutral around 2700. Bullish above 2740 for 2761 or higher and bearish only below 2650. Market most likely needs more sideways movement before we can go down. medium-long term - Update from 2024-01-02: If we break strongly above 2700, we will likely retest 2740-2760 and depending on that move, we will either stay inside the big range 2560 - 2760 or retest 2800 or even higher. current swing trade: None chart update: Nothing
COMEX_MINI:MGC1!
by priceactiontds
$GOLD & $SILVER BullishGold and silver on the monthly chart exhibited SMT and mitigation of a PDA in the discounted region, signaling a potential MMBM, which was later confirmed on the daily chart. As a result, we maintain a bullish bias for these assets, considering they may be targeting the external liquidity of the monthly chart as the final objective. However, it is worth noting that the price might correct beforehand, returning to the discount region on the daily chart to seek internal liquidity and build momentum to reach the monthly chart's final liquidity target.
COMEX:GC1!Long
by Pilucax
2025-01-08 - priceactiontds - daily update - goldGood Evening and I hope you are well. tl;dr gold - Neutral. Higher highs and higher lows but bulls are barely advancing the price. We have still not touched 2700 and even if we get there, I think we find more sellers than buyers and continue sideways in a bigger range. Every new high is sold and bulls will only try so many times before they give up. Bears need lower lows below 2660, bulls want 2700 and bulls are still favored for now but only on pull-backs. comment: 4 pushes up now and selling new highs has been profitable for 3 weeks. 2700 is the absolute max I can see this touching but I’d much rather sell new highs than looking for longs on this. current market cycle: trading range key levels: 2560 - 2700 bull case: Bulls want 2700 next but I doubt they will get much higher than that. That view has not changed over the past 2 weeks. They are fine as long as they are making higher lows and higher highs but they will only try so many times before we see a bigger pullback. Structure-wise bulls do not have much going for them and neither the bears. Market is in an upwards trending trading range and you should not over analyze it. Invalidation is below 2640. bear case: Pullbacks are getting bigger but bulls buy it all and bears can’t get follow-through selling after a decent spike. The spike is likely someone big dumping huge positions but it doesn’t matter. I expect more sellers to come into this once we get closer to 2700. First target for bears is a break of the trend line on the 1h tf and a new low below 2650. Closing the week at or below 2650 would be good for bears because that’s where we closed last week and my neutral price for now. Invalidation is above 2710. short term: Bearish at new highs (at or above 2680) but market is in a trending trading range. Don’t swing for the fences on shorts. medium-long term - Update from 2024-01-02: If we break strongly above 2700, we will likely retest 2740-2760 and depending on that move, we will either stay inside the big range 2560 - 2760 or retest 2800 or even higher. current swing trade: None trade of the day: Shorting close to 2680 was good for the past 5 days.
COMEX_MINI:MGC1!Short
by priceactiontds
Gold: trend analysis and price targetsCOMEX:GC1! has been very bullish in the last year, up to the record high at 2.800. Currently the bullish trend seems to have stopped, as demonstrated by the symmetrical triangle configuration that developed starting from october 2024 and still on formation. Inside this consolidation phase , the point and figure analysis shows a double bottom sell signal (2.620 break). This signal is actually a weak one and its main indication is to underweight for those currently long and want to protect themselves from a possible bear market. The new buy-entry level is set at 2.760 . For those who want to follow this weak sell signal nonetheless, maybe looking for an aggressive counter-trend trade in anticipation of a bear market, it is possible to go short with target price set at 2.460 and stop loss at 2.760. A more ambitious target can be set at 2.360.
COMEX:GC1!
by LogikaResearch