goldstrength in the gold as war drums increase, support should follow as the past. false breakdown ahead to make energy to shoot up.by hillbilly2500
These 3 Benefits Should Make You Buy BitcoinIf you follow mainstream media you will see there is a lot of negative comments on bitcoin -- Especially against the biggest crypto market exchange founded in China, -- Called Binance. -- This is the perfect time for you and me to find a safe haven into buying Bitcoin and Gold -- Gold and Bitcoin Are: -- 1-Outside The System 2-Outside Geo-Political Risk 3-Protection Against Inflation -- These 3 Benefits Should Make You Buy Bitcoin BINANCE:BTCUSDT -- By the way, am not an expert so please do your own research before you trade -- Watch this video to find out how you can know when is the right time to Buy Bitcoin -- Regards, Lubosi ForexLong07:02by lubosi1
long for golda good long setup for gold following liqdity finding this zone and it will be good for long Longby Mehrez_BABYSHARKUpdated 5
gold is sideways marketsupport at 1950/40, and major support at 1780 to 1820 , to be tested to break resistance 2020 to 2050by POPPOPPUUpdated 0
GC1!6.8.23 This video is mostly about Coils. I try to avoid coils because they are very stressful and they have very poor risk reward Parameters..... and it's just better to look elsewhere. This video Gives you a symbolism about how markets evolve out of the coil. It is not a perfect symbolism... but I use it because it keeps me out of trouble more often than not. It keeps me from impulsive trading And low yield or losing trades.19:11by ScottBogatin7
Gold (GCQ2023) Bullish Bias?! Maybe for the next few days only.Looking at the 1D chart, we see a price displacement (a significant and energetic push beyond a prior high/low without quickly retreating) on May 16-18, 2023. This reinforced a bearish outlook; however, after a low was established May 30, price has failed to displace that low twice (June 5, and today (June 7)). I don't see a fair value gap, breaker block, or other significance in this stall, but it does call to mind the three-push pattern we see in various forms. I suspect the significance of this is the establishment of relatively "equal lows" for later use, NOT a "resistance" level. I say this because--again, looking just at the 1D chart for gold--we can plainly see a fair value gap on the May 16, 2023 candle. This fair value gap mostly overlaps with the April 20, 2023 breaker block. Take it a step further and add the Fibonacci Retracement tool, and you'll see that the mid-point is within the fair value gap AND the breaker block. The problem with this is the apparent high formed on June 1, 2023. For price to reach that fair value gap, breaker block, and fib retracement mid-point, it will have to displace that high. My personal rule is that, in order to be considered a high, price needs to move through the previous low (vice versa for lows). That didn't happen here. That is, the June 5, 2023 low was above the May 30, 2023 low. The question is, will price break June 7's low before going up? I don't think so. That brings us to today (June 7, 2023). There was a VERY energetic and significant move down, but price failed to displace either prior low (May 30 and June 5). In the next few days, therefore, I will be looking for slow, inconsistent movement upward with energetic pushes during red news. Price will make its way up to that fair value gap, breaker block, and fib retracement mid-point, then resume in a bearish fashion. Time will tell.Longby attorneychristiandavila111
Gold FuturesCOMEX:GC1! Gold Futures Gold has fallen to strong areas of demand, including the start of the ascent and its top target set aboveLongby ELHASSANE-TRA1
Retest of the opening range on GOLD SHORTThis is the setup for the retest of the opening range on GOLD today using the OTA TradingView Tools. We have high timeframe momentum going down and the middle timeframe trend going down. Therefore we are looking for a breakout to the downside and the retest on the rally base drop. Short04:20by thechrisjuliano331
Gold mid 1800sLooks like high probability that we sill see #gold in the mid 1800s again shortly based on technicals. Fundamentally we have sticky inflation and a strong jobs market in US, which lends to another rate hike, thus recessionary trade taking a backseat for the short term.by chsmit0
GOLD Projection This is a daily analysis for gold. i found an inefficiency labeled volume imbalance that i anticipate the markets to gravitate towards. with this bias i can go in to lower time frame and trade this direction during certain times of the day Shortby raidenfx0
MASSIVE Drop in Gold Coming!Before I get into the writing of this idea, I understand that I am likely gonna be in the minority and I understand also that a lot of people are going get highly upset because gold tends to have an emotional hold on many traders — which I find interesting. Nevertheless, here's what I see.... This analysis is being done mostly from a weekly chart. So, to understand what I'm gonna say, you'd need to select the weekly time frame. Gold has reacted twice to a supply zone that was established in August of 2020, creating a triple-top formation. From that zone, price rallied from a demand zone that was created during the early part of that same year and creating an area of support around 1670. With that being said, from the weekly chart's perspective, gold has been in a trading range for the past 3 years. Here's what I think will happen and why. I think that from here, gold could fall to 1300. On a smaller time frame, price has already shown a willingness to decline and if price takes out the 1670 support area, I don't see any viable demand area to stop price from reaching 1300. Everything that I see underneath support area simply areas of liquidity. From a fundamental perspective, with interest rates rising and causing the dollar to rise along with rates, that's bearish for commodities — including gold. If gold is to rally, then I'd have to see buyers absorb the selling that is occurring at the present level.Shortby sdotcarter_x0
#GOLD #XAUUSD H1 Looking For Support At The TL & HVNIn this update we review the recent price action in GOld and identify the next high probability trading opportunity and price objectives to target01:12by Tickmill226
GC1: Sell ideaSell idea on GC1 as you see on the chart after the breakout of the vwap indicator.Thanks!Shortby PAZINI19442
1:100 MM anticipationhigh risk. Monthly reject monthly -> W limit W === CC anticipating CC retest. 21 or 31 pip sl 2000 tp partial every 100 pipsLongby sleepBTC2
OIL Gold5.31.23 This video was a review of oil which had a great move lower to the bottom of a lower range box... if I had been long I would probably just take my profits as I explained in the video. it is at a potential support area but we need another 4-Hour Bar which would take over an hour for me to make a trade decision. At the end of the video I started To talk about gold which did reverse and start moving lower before it reached the 382... and that is a bearish signal. However, It hasn't really Gone much lower. If the market does not go lower than where it is and it starts to reverse to make a new high you would have to exit A short trade.... or you would consider buying the market if it looks like it's going to start trading Higher. It's a tough call right now.... A short trade with the barely in the money and if the market can only go lower to the minimal Correction lowerLooks like it's going to reverse this is potentially the setup for a big move higher. This is what we talked about with oil... just apply the same thinking: Small reversals with minimal range Followed by A quick reversal in the other direction suggest that initial reversal was less relevant and that the market is going to reverse and go any other direction. It's what a market does and what it doesn't do....And you don't want to get trapped in minor reversals.20:01by ScottBogatin5
#GC #XAUUSD $50 Bounce From Support, What Next?In this update we review the recent price action in th eGold futures contract and identify the next high probability trading opportunity and price objectives to target01:08by Tickmill5
trading range below supply zoneprice move up strongly after that selling pressure is coming if you check OBV and MACD on m30 bearing divergence is showed good selling on m30 confirm this entry Shortby tofinse0
Gold: Splish Splash 💦🫧Splish splash, I was taking a bath, Long about a Saturday night, yeah. A rub dub, just relaxing in the tub, Thinking everything was alright. Like Bobby Darlin in his song, gold should also take a refreshing bath in the turquoise zone between $1840 and $1713 soon. Therefore, it must drop below the support at $1936 to gain further downwards momentum. Thus refreshed, the precious metal should leave the turquoise zone on the southern side and continue the descent until the low of wave (4) in yellow is established. However, there is a 30% chance that gold could finish wave alt.2 in turquoise instead and subsequently rise from the turquoise zone to start an upwards movement, which should carry it back above $1936.by MarketIntel0
Seizing Potential Breakout Opportunity in Gold MCXThis swing trade idea centers around Gold MCX, a widely traded commodity in the Indian market, and highlights a potential breakout opportunity. By conducting technical analysis on the 2-hour chart, specifically focusing on supply and demand zones, as well as a triangle chart pattern, this idea aims to identify a possible trend reversal from a downtrend to a bullish trend. The suggested trade setup suggests initiating a long position if Gold MCX breaks out above the critical resistance level of 59,700. To manage risk effectively, a suggested stop-loss level of 59,100 is recommended. The trade targets are set at 60,420 and 61,520, reflecting the potential bullish momentum the commodity may experience upon breaking out. The technical analysis reveals that Gold MCX has been experiencing a downtrend, but recent price action indicates the possibility of a trend reversal. By considering the supply and demand zones in conjunction with the breakout of a triangle chart pattern, this swing trade idea aims to capitalize on a potential bullish breakout scenario. It is important to note that swing trading involves inherent risks, and it is essential to carefully assess your risk tolerance and conduct thorough research before making any trading decisions. This trade idea serves as a starting point for further analysis and should be combined with your own judgment and market assessment before execution. Please bear in mind that commodity markets can be volatile, and it is crucial to stay updated with market conditions and adhere to a disciplined approach in risk management. As with any investment or trading opportunity, consider your personal financial goals, risk tolerance, and consult with a qualified financial advisor if needed.Longby imrahulshah24
Gold Long Scenario on the WeeklyThis chart is really clean in my eyes. We have a tripple top acting as retail resistance. The orderflow on the Weekly is bullish with that nice reaction out if the Weekly breaker earlier this year. Reaction that created an Imbalance. We are close to that Imbalance right now so ill keep an eye for long set ups in the coming days and weeks. Longby TheFrenchTrader88113
Gold at key support levelThe initial target for downside breakout of the 1984 region is met with Gold ended the week at key support region. The strong downside move of Gold can be primarily linked to the appreciation of the Dollar. With Gold being at key support level and the Dollar being overextended, there is a high possibility that the key support will hold and Gold will begin to trade towards the upside at least for the short term. by TrainingTrader0