GF1! trade ideas
Gold to $3000 by end of year 2025Cook mentioned this in the dream. So shall it be. Gold moves forward. Perhaps the Chinese send it there.
GOLD's New Bullish CycleWe are close to my previous price target for GOLD:
In recent weeks, Gold has captured the spotlight by surging to all-time highs, signaling a potential shift in the precious metal's market dynamics!
The breakout has garnered attention from investors, raising expectations for a new bullish cycle, with some setting a price target of $2500.
Historically, gold has been perceived as a safe-haven asset, particularly during times of economic uncertainty, geopolitical tensions, or inflation concerns.
The recent surge in gold prices suggests that investors are increasingly turning to the precious metal as a store of value and a portfolio diversifier.
The $2500 price target underscores the optimism surrounding gold's future prospects!
Gold Daily UptrendGold daily analysis, decided to look at past. Came up with XABCD from November 2022 chart to Ukraine War when Gold turns Up. Coincidence it is playing out right now ?
Making Dxy very weak to sellout. Just speculation not a trade idea. lets see if plays out.
Percentage of Traders expecting XXXUSD trades to sell is 80% up....
Guess what the Market does.
a daily price action after hour update - goldGood evening and i hope you are well.
Gold
Quote from my weekly post:
short term: Neutral. Bulls could break above 2200 again and bears could also break below 2140.
bull case: Market seems bullish enough for 2220 test again and i think it this time it will break again for retest 2247. I’d be surprised if we get big sell volume around 2220 again. Market is forming multiple triangles but where are obviously still above many many bull trend lines and bears just not doing enough.
bear case: Not much going on for them. I don’t know how strongly 2220 will be sold again but market is going a third time there and bears could also just step aside and trying to short again higher. Looking for longs is the much butter play overall for gold in the current environment.
short term: Bullish. Invalid below 2200 but i think we retest 2247 soon.
medium-long term: very high probability of reaching 2300 and there i will look how the market behaves. We could be entering the equities off and commodities on cycle. Very long term Gold was nowhere near equities and that’s why betting on gold entering a bullish cycle to 3000/4000 is very low probability. Higher probability is betting on a higher high here inside a big trading range 1700 - 2200 and we will trade down over the next months. I would not enter long term positions here. —unchanged, need more time at this level or breakout to change my outlook.
Gold Increasing Value? Gap after a trading rangeFirst about Gold, we can see that after the price crossed the upper line of the bollinger band, the price entered in a trading range, and also after a doji Gold got a opening above 1% from the close.
After a bearish candle, the Bulls gained strength again and didn't went lower than the bearish candle on 22nd March. Today, the opening price was at the price of yesterday's high.
The ADX is showing us some strength, followed by the DMI+ and the DMI- is decreasing.
To compare with the US Dollar Index, we see a resistance (purple line), it's a difficult area to be crossed, that can be translated by some weaknes of the US Dollar
When I use fibs….GOLDEvery now, and then, when I see a sneaky location where orders might be hiding, I throw up the fibs just to see if it lines up with the 618, not even the 50! This is a perfect example of a sneaky level on the 1H timeframe that lines up with 618. This is a trade I would take, especially watching the Price action during the London session, I see gold I continuing to rally today!
GOLD Gold is about to make another rally to the upside, it just had a second phase of re-accumulation.
GOLD in Coming Days!!!Hi.
TVC:GOLD
✅Today, I want to analyze GOLD for you in a DAILY time frame so that we can have a Short-term view of GOLD regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
As you can see, the price is in an ascending channel, the price in the channel has completed its five ascending waves and also the descending wave, as you can see, the price has now started its five ascending waves and the important points in the chart are clear. The price can easily increase up to $2300.
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
➡️ Note if the PRZ is broken downwards with the strength of Bearish candles or , this analysis of ours will be failed.
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Gold starts to outperform StocksThis week, with its fresh breakout gold has started outperforming cnx500.
This is generally a period of subdued returns in the stock market as big money could have shifted to gold as a hedge against inflation or upcoming correction in the markets.
We need gold to consolidate at current levels and fall down for a retest of its breakout levels. which should happen soon.
until then we may expect lower returns from equities and the indices could go into a consolidation mode.
Its not the time to be aggressive in the market, the market will make a fakeout to the top and then fall down. We will closely monitor for such a scenario.
Gold Futures Intraday Outlook: Navigating the DowntrendAnalyzing the 30-minute chart for Gold Futures (GC), we see a market that’s currently wrestling with bearish sentiment, as indicated by the recent downtrend.
**Trendline Pressure:**
The chart shows a prominent descending trendline that has been acting as dynamic resistance. The price is consistently making lower highs, which aligns with bearish momentum. For bulls to take control, we would need to see a convincing break above this trendline.
**Fibonacci Retracement Levels:**
Several key Fibonacci retracement levels are marked, with the price just below the 0.382 level at 2179.7. This is a crucial juncture as it aligns with the recent lows. The 0.5 level at 2186.3 and the 0.618 level at 2192.9 above it may serve as potential resistance areas if the price retraces from its current levels.
**Bearish Continuation Pattern:**
In the short term, the price is consolidating just below the 0.382 Fibonacci level. This consolidation could be a pause in the downtrend, potentially leading to a continuation of the bearish move. The blue arrow indicates a possible scenario where the price may break below the consolidation area and continue to fall towards the lower green support zone around 2152.4.
**Volume Indicators:**
The volume bars show relatively low activity during the latest candles, which might suggest a lack of conviction in the current price movement. An increase in volume would be needed to confirm a breakout or breakdown out of the current price range.
**Looking Ahead:**
Traders should monitor the price action around the current consolidation zone for cues. A break above could see the price move up to test the descending trendline or the Fibonacci levels. A breakdown below could see the price head towards the lower support zone. As always, it's vital to consider external factors such as market news and economic data releases that can impact gold prices significantly.
Gold Futures 1-Hour Technical AnalysisIn our latest technical assessment, we delve into the one-hour chart of Gold Futures (GC) to discern the short-term trajectory dictated by technical patterns and key levels.
Current Positioning and Key Levels:As of the most recent trading session, Gold Futures are hovering around a delicate equilibrium, with the price stabilizing near $2166.5. This pivotal juncture serves as a temporary support, one that traders are watching closely for signs of either consolidation or breakdown. Upside resistance is found at approximately $2181.5, a barrier that bulls will need to overcome to signal a shift in momentum.
The Supply/Demand Landscape:The technical landscape is demarcated by discernible supply and demand zones, with the blue shaded area beneath the current price potentially signifying a well of demand. Historically, this zone has summoned buyers to the fore, buttressing prices. Whether history will repeat itself as the price approaches this territory remains a focal point for observers.
Trendline Tales:Our chart is bisected by a series of descending trendlines, narrating a tale of bearish undertones in recent trading periods. These lines have thus far capped upward movement, reinforcing the downward pressure. A breach above these trendlines could signal a reversal of fortunes, an event watched by those keen on catching the early waves of a potential uptrend.
Candlestick Conundrums:The candlestick formation presents a quandary, characterized by small bodies and long wicks. This pattern speaks to a market in indecision, with neither bears nor bulls taking a definitive stand. Such a standoff typically precedes a significant move, as market forces accumulate energy for the next leg of their journey.
Volume’s Verdict:Analyzing the volume profile reveals a mixed bag of buying and selling, with no clear victor in the tug-of-war. This balance could tip at any moment, and volume will be a key indicator to watch for an impending breakout or breakdown.
In Summary:In the realm of Gold Futures, the battle lines are drawn at $2166.5, with any movement off this mark likely to set the tone for future sessions. A steadfast hold or a breach will be telling, offering clues to the market’s next directional impulse. Keep a keen eye on the interaction between price and trendlines, as this will illuminate the path forward. As always, we advise traders to keep abreast of global economic indicators and geopolitical events, as these could abruptly shift the technical landscape.
Gold Analysis: Potential Bearish Reversal Gold Analysis: Potential Bearish Reversal Signal Detected Amidst Option Activity and Technical Indicators
Introduction :
Gold prices have been experiencing significant volatility recently, reaching a high of 66,600 INR before retracing to 65,700 INR. Amidst this volatility, various technical indicators and option activity suggest potential shifts in market sentiment. This article aims to provide a comprehensive analysis of recent developments in the gold market, incorporating both fundamental factors and technical analysis to offer insights for traders and investors.
Option Activity:
A notable observation in the gold market is the call option writing at the 66,000 INR levels, indicating a significant resistance level. Conversely, put option writing has been witnessed at the 64,000 INR levels, suggesting a supportive stance. Option activity often reflects the sentiments of market participants and can provide valuable insights into potential price movements.
Technical Analysis:
1. Support and Resistance Levels :
- Gold has established a support level at 65,200 INR, indicating a level where buying interest may increase.
- On the other hand, resistance levels are seen between 66,000 to 66,500 INR, where selling pressure may intensify.
2. Relative Strength Index (RSI) Divergence:
- RSI divergence on the 4-hour timeframe is signaling a bearish reversal. This divergence suggests that while gold prices may have been rising, the momentum behind the uptrend is weakening, potentially indicating an impending reversal to the downside.
3. Daily Timeframe Analysis:
- A doji candlestick pattern has appeared on the daily timeframe. A doji represents indecision in the market, with neither buyers nor sellers able to gain control. This pattern often precedes a significant market move, signaling potential uncertainty among traders.
Conclusion :
The combination of option activity, support and resistance levels, and technical indicators paints a nuanced picture of the current state of the gold market. While option writing at key levels suggests potential price barriers, RSI divergence and the appearance of a doji candlestick pattern indicate a possible reversal in sentiment.
SHORT GOLD & MESI only take 3 to 5 trades maximum per day sometimes none if there’s no set up! Today I got stopped out of corn and now I’m short gold and the S&P through micro futures so I can scale out if necessary
a daily price action after hour update - goldGood evening and i hope you are well.
Markets want green across the board and that means acceptance. Bears can’t deny it because they are not doing anything to stop this so higher prices are the higher probability here, no matter how overbought everything is. The only possibility i can dream up currently is that this quarter was so utterly overbought, that we could see profit taking into end of quarter and that could hit many profit taking stops along the way but that is so far fetched right now. But then again, so is this rally.
Gold
bull case: 67 points made on Wednesday, that’s something you don’t see that often in gold. Today was bigger profit taking but market did a perfect breakout retest and bulls bought it. You could draw a triangle here and a 50% pullback of the Wednesday move is pretty much the middle of it. Close is close enough for markets. Means market is in breakout mode for new direction. Anything above 2200 is not accepted and sold but bears could not reverse the breakout. Will see tomorrow where this is heading next.
bear case: Bears got a perfect retest of yesterdays breakout and bulls bought it. Not good for the bears. I mentioned market is in breakout mode and bears can only dream of trading below 2150 again. As long as bull trend lines hold and market trades above the daily 20ema which is around 2150, this is bullish.
short term: Neutral here - want to see the triangle play out and get a clear breakout to either side with follow through. Can’t really see that happening tomorrow but i’m open to the possibility. Range 2160 - 2200
medium-long term: Very high probability of reaching 2300 and there i will look how the market behaves. We could be entering the equities off and commodities on cycle. Very long term Gold was nowhere near equities and that’s why betting on gold entering a bullish cycle to 3000/4000 is very low probability. Higher probability is betting on a higher high here inside a big trading range 1700 - 2200 and we will trade down over the next months. I would not enter long term positions here. — unchanged
trade of the day: 7 1h candles with wicks above 2210. Markets only try one thing so often until they try something different. Obvious short Bar 10 as it formed. Bar 12 had a big enough tail to set the stop 1 tick above it.
gold vs cpi (impact on silver)There is no such thing as a CRYSTAL BALL.
Chart trading is about PROBABILITIES.
#Golg outperforming inflation is INCREASING the probabilities #Silver can BREAKOUT.
Gold completes bullish half-mast flagThe thrust today in Gold completed a bullish half mast flag. The target now becomes $2,400-plus
I would not short this market if it was with my enemy's money
The Big Short Part 2 (GOLD)We are continuing to make big bucks on GOLD
Hitting strong supply zones
Downtrend on 4 hour and 1 hour charts
Get in the game!
GC LongsLooking to go long after price reacted bullish to 3/18/24 1H FVG. Waiting for London to sweep Asian lows, tap into the 5m FVG/ or OB, create a MSS, while leaving a FVG for a second entry or first secure entry (if not entering off the bearish 5m OB.
The Big Short on GOLD4 hour and 1 hour charts are in a downtrend
15 min supply zone hit
Momentum is down on the 1 hour chart
Our trading system is pointing out the best entries and exits.
We get all of this information to our phones in the form of a text.
Take the trade, set your risk and let the market do the rest.
If this looks like a system that you would like to trade then please feel free to check out the link in my profile.
Gold Sells - March 18The Same Setup From Pre New York Continuations Into More (SSL) & Inefficiency For New York Opening Momentum
Mitigation of 4Hr Supply then Sellers Tank the market SHORT...?COMEX:GC1!
The game of Probability we ohhh sooo Luvvv to participate in.... I have developed another narrative for the HOUSE to CAPITALIZE ON...Vibe w/me
Here's what I'll need to see in order for me to catch this SHORT ON GOLD for the 2nd time ahaha....the 1st execution I guess you could say was premature... Now here we are again!
1) I want to see buyers push price up into this HTF 4Hr supply zone above and mitigate price around($2171.5).... ***This will be our 1st confirmation that we need.
2) If and when buyers mitigate the 4Hr supply above I want sellers to enter the market and create a LTF 15m CHoCh in price, which would indicate a shift in hands...However this is still not enough to enter Short just because we see this change...***KEYNOTE; this will be our 2nd confirmation that we need, a LTF 15m CHoCh in price to the downside...
3) On the 4Hr we can clearly see rii below the Weekly Support level Buyers have created EQL's ($2156.5) which is another Major reason why I believe this market is preparing to go SHORT... If and when we can see these 2 sequences I stated above in price to happen, I then would need sellers to push price of GOLD DOWN & BREAK/CLOSE underneath the Weekly Support Level ($2160.00) on the 1Hr TF down (As true SELLERS CONVICTION) and then push to purge the liquidity the EQL's have created below ($2156.5)...***This will be our 3rd & 4th Confirmation we need to see before we place our limit SHORT...
4) Now remember IF and when we can get these sequence of events to play out in PA then the HOUSE will be compelled to sell the retest of the Weekly Support that failed ($2160.00) and target the next major unmitigated 4Hr Demand Zone below (2139.5)...***The Biggest Key factor I need to see is the 1Hr candle close underneath the Weekly Support level of ($2160.00) and price trading underneath the RED V-Wap, then I will be ready to enter Short cover the HIGH for my stop & set my Target... This move will be roughly around 205 pts in which we can easily catch a solid +2.5-3R % Gain Depending on your management system...
Remember nothing in the market is set in Stone, WE play the long-term game of probabilities...With that being said, now we just Sit back N stalk like the Saltwater CROC!!
Remain Patient & let the set up come rii to us...Trade our system as Professionals...
Nothing Less, We aim for EXCELLENCE!!!
Stay on point!!
#BHM500K #NewERA
