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
The Ultimate Guide To Fractal TradingIn the seemingly chaotic world of the financial markets, a beacon of structure and predictability shines through in the form of fractal patterns. Bill Williams, the godfather of fractal theory, elegantly stated, "The market's chaotic nature can be first tamed and then mastered by understanding its underlying structure, revealed by Fractals, which are the building blocks of the market, highlighting key turning points and potential opportunities." Understanding Fractals Fractals are repetitive, self-similar patterns that can be observed across nature and, quite remarkably, within the realms of finance as well. In trading, a fractal is a pattern that can be split into parts, each of which is a reduced-scale copy of the whole. They are typically composed of five consecutive bars or candles and can provide insightful information regarding market direction and potential turning points. Power of Fractals in Trading Fractals allow traders to comprehend the complicated, chaotic nature of the markets. By identifying key patterns in market data, they help to predict potential price movements and enhance trading strategies. Using fractals, traders can spot emerging trends, identify trend reversal points, and highlight potential market opportunities. Magnitude and Velocity: The Two Pillars of Fractal Trading When utilizing fractals in trading, it's crucial to understand two fundamental aspects: Magnitude and Velocity. Magnitude refers to the degree of progress by the dominant side in control of the trend. The question to be asked is, "Are the new legs in the ongoing buy-sell side campaign increasing or decreasing in magnitude?" This gives an insight into the health of the trend and its potential longevity. Velocity, meanwhile, represents the speed of the price movement. It's about how quickly a new leg is formed after a price shift. Is the movement fast and impulsive? Or is it sluggish and slow to form? Counting the number of candles it took to achieve a new leg can provide a deeper understanding of the market's direction. Mastering the Market with Fractals Despite its seemingly chaotic behavior, the market hides within its fluctuations a rich and decipherable fractal structure. Fractal trading empowers traders to harness the hidden order within this chaos, transforming apparent randomness into tangible trading opportunities. By integrating fractal patterns into their trading strategies, traders can recognize and exploit recurrent patterns in the market, predict potential price movements, and subsequently enhance the effectiveness of their strategies. It's a potent approach that adds a layer of precision and structure to trading, tempering the market's inherent volatility. To quote Bill Williams once more, the market's chaos can indeed be tamed and mastered through understanding its fractal nature. Through the lens of fractal trading, the market's complexity becomes its own roadmap, revealing pathways to strategic decisions and profitable opportunities.Educationby FlowState4
Gold (GC) versus Gold Volatiliy (GZV) Monthly AnalysisI took the gold volatility index GVZ and created a simple regression trend from 2008 to present on a monthly chart. I then took the points at which the GVZ spiked above two standard deviations of the trend. These points are the vertical lines on the chart. The vertical lines, or points which had a large spike (all above a reading of 30) on GVZ in most cases indicated a marked trend change in gold. Gold has a cup & handle chart pattern, and has been trending mostly sideways on "the handle". This is a bullish setup. Presently, the GZV reading is 21.05, and Gold (so far) has shown some support around 1940-1950. However, should GZV "spike" above 30, then I would consider the prospect of a major move (could be either direction, as patterns are not sacred). However, in 12/21 and 3/22, there was no significant trend change (i.e., gold stays inside the handle), and I consider that a positive. The breakdown of the handle is around 1618 or prior pivot low. Fortunately, if there is a major spike above 30, there still should be ample time to adjust. Should GZV spike and Gold breaks out above, then you will witness a cup & handle breakout. This is a long term perspective, so if you can't stand the volatility, find another trade. Longby UnknownUnicorn13101331
GOLD will decline to $1230 profit booking in GOLD is inevitable as inflation fear eases Shortby selvamBUpdated 5
GoldToo many bullish noise ,will look to trade this setup in coming weeks. Might do another chart with detailed analysis.by TradingshikshaUpdated 3
Gold M30 Perspective.Situation 1: Maybe fall a bit and then rally as drawn. Situation 2: Tight Rally. Situation 3: Drop, break down, find lower structure. I am thinking Situation 1 is more likely.Longby shlionzUpdated 2
Gold to suffer catastrophic collapseGold to suffer catastrophic collapse - perhaps as low as 1,200$s. Gold has put in a triple top which is very bearish alongside a lower low, so we should see a catastrophic sell off as liquidity evaporates this week. I'll be stacking the physical below 1,400$. Shortby Putrid_Shittgenstein1
GOLD SETUPAs we see the price of gold has been undecided and it has been playing between the support and resistance so now I will wait for the price to breakout of a zone then comeback and retest that zone then I can place my trade and my stoploss will be decided after the price came back to do a retest then my target will be 400 pips, remember your Risk management depends on your account size.by dlaminisya1
XAUUSD FVG GAPPrice is moving into the best trade setup level. This could be a significant move on gold if we get a bar to print in this zone, trapping sellers. We will look for color changes in the direction of the moving averages after the FOMC announcement. **** Watching the live stream and you'll see the level highlighted Longby TSA_TimeSpaceAlgorithm0
Scalping Looking for Trades Live in Funded AccountLooking for trade opportunities in the futures market educational content. For live traders20:00by TSA_TimeSpaceAlgorithm0
Gold price at $2100 after default or US spending review?If you want to be notified every time I post a new article, just click 'FOLLOW' above. Also, if you want to learn more about a particular topic or need some advice, please comment below the article and I'll be happy to help. Gold price at $2100 after default or US spending review? Despite a slight increase, the price of gold still remains below $2,000 an ounce, not yet enough to reverse the three-week downward trend. Concerns that US debts will not be able to be paid by early June, if the debt ceiling is not immediately raised, are being felt strongly in markets such as gold and silver. The fear that a default could occur is supporting the strength of the US currency. Alarm bells have been sounded loud and clear from US banks. Some mid-scale institutions have seen sharp declines in share and deposit prices over the past week, a sign that things aren't going the right way. The dollar rose further on Friday after data on US consumer sentiment fell, raising concerns about the performance of the economy. The stalemate on the US government debt ceiling issue raises the possibility of a default by June 1st. In this situation of extreme uncertainty, people are turning to the dollar as a safe haven asset. If US macro data suddenly swings from optimism to pessimism, the risk of a recession could resurface and markets would expect rate cuts from the Federal Reserve in the second half of 2023. Currently, the probability that the Fed will keep rates unchanged in June is very high (82%), with a 33% chance that it will decide to cut them in July. In times of crisis, the dollar can be a safe currency and it is likely that any bad announcements will have a positive effect on it. I believe that increased concern over the US debt crisis will lead to a rise in the price of gold as investors prepare for possible chaos in the financial markets. The possibility of a series of rate cuts in the US before the end of the year is fueling demand for precious metals. That support should have a positive effect on the value of non-interest bearing gold reserves. Gold is more of a safe asset than ever due to the unstable political situation in Washington, the Federal Reserve's approach to easing rates, rising geopolitical tensions, persistent concerns over the health of US financial institutions and fears of an economic slowdown. Technical signals show a decline in prices that are below the fast moving average. If they were to close above the moving average, I might decide to buy with a target in the $2100 area. To ensure protection in the event that an agreement on the debt ceiling cannot be reached, investing in gold is undoubtedly the best choice. If a debt deal fails to materialize, the US will default; if there is an agreement, it will contain heavy spending cuts that will lead the US state into recession. My forecasting model shows that the price of gold will hit $2,100 in the next quarter. Author's note: The information and content provided on this site should not be considered as an invitation to invest in the financial markets. The Content is a personal opinion of Dr. Antonio Ferlito. Longby Antonio_Ferlito1
Trapped Gold has No Look, it has no Where to Go!!!!!! These zones and perspectives offer valuable insights on how to trade within this area. They present opportunities for quick scalping trades, taking advantage of short-term price movements. Additionally, when the price reaches favorable trade-up zones, it is advisable to consider holding positions and potentially increasing trade size through scaling in. This approach allows for potential profit maximization in these advantageous areas.by TSA_TimeSpaceAlgorithm0
GOLD set upWe observe a neutral stance towards the zones on the trading view setup. These zones represent critical areas on the daily chart, indicating that we are currently in a ranging market. Consequently, it would be prudent to seek opportunities at this range's upper and lower boundaries.by TSA_TimeSpaceAlgorithm0
gold monthlyGold never gets loved... #gold #silver from 1050$ to above 1950$ WITHOUT breaking out versus SPXLongby Badcharts2
Gold versus Copper (dxy impact)Guess what the US Dollar likes? Gold out performing Copper. beware recessions and market sell offs. vix also tracks this. #gold #copper #usdollarLongby Badcharts2