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Gold Futures

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TGD1! trade ideas

Leap Ahead with a Bearish Divergence on Gold FuturesThe Leap Trading Competition: A Chance to Trade Gold Futures TradingView’s "The Leap" Trading Competition is an opportunity for traders to test their futures trading skills. Participants can trade select CME Group futures contracts, including Gold Futures (GC) and Micro Gold Futures (MGC). Register and participate here: TradingView Competition Registration . This article presents a structured short trade setup based on a bearish divergence identified using the Commodity Channel Index (CCI) and key pivot point levels for confirmation. The trade plan focuses on waiting for price to break below the pivot point at 2866.8 before executing the trade, with clear targets and risk management. Identifying the Trade Setup Bearish divergence occurs when price makes higher highs while an indicator, such as CCI, makes lower highs. This signals weakening momentum and a potential reversal. The Commodity Channel Index (CCI) measures price deviations from its average and helps traders identify overbought or oversold conditions. Pivot points are calculated from previous price action and serve as key support and resistance levels. The pivot at 2866.8 is the reference level in this setup. A breakdown below this level may suggest further downside momentum, increasing the probability of a successful short trade. The trade plan combines CCI divergence with pivot point confirmation. While divergence signals a potential shift, entry is only considered if price trades below 2866.8. This approach reduces false signals and improves trade accuracy. The first target is set at 2823.0, aligning with an intermediate support level (S1), while the final target is near S2 at 2776.2, just above a UFO support zone. Trade Plan and Risk Management The short trade is triggered only if price trades below 2866.8. The stop loss is placed above the entry at a level ensuring at least a 3:1 reward-to-risk ratio. Profit targets are structured to lock in gains progressively: The first exit is at 2823.0, where partial profits can be taken. The final exit is near 2776.2, positioned just above a UFO support level. Stop placement may vary based on the trader’s preferred risk-reward ratio. Position sizing should be adjusted according to account size and market volatility. Contract Specifications and Margin Requirements Gold Futures (GC) details: Full contract specs: GC Contract Specifications – CME Group Contract size: 100 troy ounces Tick size: 0.10 per ounce ($10 per tick) Margin requirements depend on broker conditions and market volatility. Currently around $12,500 per contract. Micro Gold Futures (MGC) details: Full contract specs: MGC Contract Specifications – CME Group Contract size: 10 troy ounces (1/10th of GC) Tick size: 0.10 per ounce ($1 per tick) Lower margin requirements provide access to smaller traders. Currently around $1,250 per contract. Leverage impacts both potential gains and losses. Traders should consider market conditions and margin requirements when adjusting position sizes. Execution and Market Conditions Before executing the trade, price must break below 2866.8. Additional confirmation can be sought through volume trends and price action signals. If price does not break the pivot, the short setup is invalid. If price consolidates, traders should reassess momentum before committing to the trade. Conclusion Bearish CCI divergence signals potential market weakness, but confirmation from the pivot breakdown is key before executing a short trade. A structured approach with well-defined targets and risk management increases the probability of success. For traders in The Leap Trading Competition, this setup highlights the importance of discipline, confirmation, and scaling out of trades to manage risk effectively. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
CEducation
by traddictiv
Can Rainbow MG3 Secure in the CME Trading Competition's Top 10? Can Rainbow MG3 Secure a Spot in the CME Trading Competition's Top 10? I've joined the CME trading competition 13 days late, but that hasn't stopped me from making an impact. After just two days of trading Bitcoin and Gold, my account is already up 6%, placing me in the top 14% out of nearly 50,000 traders. The top 10 traders in the competition—many of whom are pro traders—have already racked up over $1 million in profits, making them part of the elite top 5%. The gap between them and the rest of the field is significant. With 16 days left, my goal is to break into the top 10. I'm relying on the Rainbow MG3 indicator as my primary tool. The question is: Can Rainbow MG3 help me achieve this? 🚀 Follow my journey as I put this strategy to the test!
CLong
by rainbow_sniper
Is Gold Overdone? After an impressive rally which saw gold break through the $2,900/oz level for the first time, the market appears poised to blow off some steam. Key Points: - High on the daily RSI was set at the end of January and has been flashing divergence since then. - The RSI has been in a consolidation channel for the last few weeks but broke through to move lower this morning. The current RSI is sitting just below 50. - This morning, gold broke through the BB midpoint AND the lower trend channel. - Really bearish closing candle on the daily yesterday.
CShort
by brethathaway
Gold On Thin Ice!**Current Trends and Future Prospects in the Gold Market: An In-Depth Analysis** In the past two years, gold has seen an impressive surge, almost doubling in value. This rally has captured the attention of investors worldwide, driving them to seek refuge in this precious metal amid uncertain economic landscapes. However, with this meteoric rise comes a growing concern: is gold still a safe haven, or is it teetering on the edge of a significant correction? **Gold's Meteoric Rise: A Double-Edged Sword?** The comparison to the U.S. dollar's performance in 2022 is noteworthy. The dollar, which enjoys a higher liquidity status compared to gold, experienced a dramatic 12% drop in value within a span of just three months. This sharp decline highlights a critical vulnerability in what was previously considered a safe and stable investment. **Potential Risks and Market Overcrowding** Given the parallels, there is an increasing risk that gold might face a similar fate. The gold market, currently saturated with bullish investors, hints at an impending correction. Analysts suggest that a potential value correction could see gold prices plummet by $500 to $1,000 per ounce. Such a correction would have profound implications, shaking investor confidence and market stability. **The Crowded Market and Limited Gains** The current influx of cash into gold also contributes to this precarious situation. As more investors flock to gold, the chances of a significant correction heighten. Moreover, with such a crowded market, the potential for substantial gains narrows. Bullish positions might push gold to a ceiling of around $3,000 to $3,200 per ounce, but beyond this range, the market may struggle to sustain further growth. **Shift in Cash Flow: From Gold to the Dollar** In the event of a correction, it is likely that we will witness a shift in cash flow from gold to the more liquid U.S. dollar. This shift would not only underscore the dynamic and often volatile nature of global investments but also demonstrate how investor sentiment can pivot quickly in response to market changes. **Long-Term Outlook: Geopolitical Influences on Gold's Value** Looking ahead, geopolitical tensions and shifts in global reserves could significantly impact gold's value. Nations opposed to the United States may continue to increase their gold reserves as a strategic counterbalance, potentially driving gold prices up to $3,700 per ounce in the long term. This geopolitical factor introduces an additional layer of complexity to the already intricate gold market landscape.
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by OakleyJM
GOLD - WEEKLY SUMMARY 3.2-7.2 / FORECAST🏆 GOLD – 13th week of the base cycle (15-20+ weeks), 3rd phase of the cycle. The pivot forecast on February 3 worked as a reversal of Monday’s overnight tariff hysteria. The major trend from the December 18 extreme forecast continues. ⚠️ By Friday’s close, we saw a breakout of the previous top at the October 28 extreme forecast level (2800 on the current futures contract). This level may now become strong support. I believe strong hands didn’t fall for the tariff hysteria and held their long positions from the January 29 extreme forecast. Next extreme forecast: March 3. Next pivot forecast: February 11.
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by irinawest
Gold vs UNI – Is UNI in the Early Stages of AccumulationThis comparison between Gold (MGC1!) and Uniswap (UNIUSDT) on the weekly timeframe suggests that UNI could be in Phase 1 of a buy program, similar to how gold accumulated before its major breakout. 📌 Key Observations in the Chart Comparison: PHASE 1: The Accumulation Zone (Green Highlighted Area) Gold went through a long accumulation period (2013–2017), trading in a sideways range before its parabolic impulse leg kicked in. UNI is currently in a similar consolidation phase, potentially in the early stages of accumulation. The monkey face + pointing emoji suggest a "stealth phase" where most retail traders remain unaware of the underlying accumulation. Old High & Market Structure Gold formed a major high, crashed, and accumulated before breaking out. UNI also reached an all-time high (~$44), crashed, and is now ranging in what looks like a potential accumulation phase. Similar structural formation suggests UNI could be following gold’s footsteps. Impulse Leg & Breakout Potential Gold’s first major breakout came after a long accumulation, followed by a massive impulse move (Phase 2). If UNI is mirroring gold, the next breakout could start the impulse leg leading to a retest of old highs and beyond. Standard Deviation Extensions (STDVN) – Potential Price Targets Gold reached 0.5 and 1 STDVN levels after its breakout, which became short-term targets before continuation. If UNI follows a similar trajectory, targets could be $44.77, $64.98, and eventually $85+ if the accumulation plays out. 🔮 What This Means for UNI? Early accumulation phase means the smart money is likely positioning. Price compression leads to expansion—UNI could be preparing for an explosive move. Similar to gold, UNI could break above accumulation and enter Phase 2, targeting 0.5 and 1 STDVN levels. If UNI truly follows gold’s structure, long-term price discovery is on the table. 🚨 Lord MEDZ Trading Perspective "Not financial advice, but let’s keep it real…" Gold showed the exact same pattern before making a historic move. UNI is mirroring the early accumulation phase. This is the shakeout before the breakout. Smart money is accumulating while retail panics. Patience = Wealth. Stay ahead of the crowd. 🚀 UNI could be setting up for something massive. 🚀
CLong
by Skinwah
Ethereum vs. Gold Chart Comparison – Potential Explosive The comparison between Micro Gold Futures (MGC1!) and Ethereum (ETHUSDT) on the weekly timeframe suggests that Ethereum could be mirroring gold’s price structure before its parabolic breakout. Key Similarities Between Gold & Ethereum: Impulse Leg Formation 🔥 Both assets formed a strong impulse leg after a significant low. The Ethereum impulse leg started from the ~$1,530 low, pushing toward ~$4,000 before retracing into accumulation. Gold followed a similar pattern, forming a strong rally before consolidation. Accumulation Range Both charts show a clear accumulation phase after the impulse leg. Gold accumulated sideways for an extended period before exploding to the upside. Ethereum is currently within its accumulation range, suggesting that it could be preparing for a similar breakout. This is a shakeout phase designed to trap weak hands before the real move. Standard Deviation Extensions (STDVN) & Key Levels 🎯 Both charts use standard deviation extensions (STDVN) to project potential short-term targets. 0.5 STDVN & 1 STDVN levels are crucial areas where price could react. Gold blasted through these levels after breaking out of accumulation. If Ethereum follows suit, 5,288 (0.5 STDVN) and 6,605 (1 STDVN) could be in play. Previous Highs Acting as Support/Resistance Gold broke past its old high, retested, and surged. Ethereum is still hovering below its previous major high (~4,800). If Ethereum flips this level into support, it could send price into price discovery mode. What This Means for Ethereum 🚀 Gold already showed the path—Ethereum is lagging but setting up similarly. Volatility is part of the process—shakeouts happen before the breakout. Holding ETH through this phase could be crucial if history repeats itself. A breakout beyond the accumulation range could send ETH towards $5,200 - $6,600+ in the short term. Beyond 1 STDVN, ETH enters uncharted territory—an all-time high breakout could be explosive. Final Thoughts from Lord MEDZ 👑 Not financial advice, but I’m holding ETH through the chop. The last shakeout before an all-time high run is often the toughest. But the chart comparison is clear: Gold did it first. Ethereum could be next. 🔥 Patience. Conviction. Execution. 🔥
CLong
by Skinwah
Renewing daily new highs (ATH)... Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (GCL1! 1M chart) GCL1! is renewing daily new highs (ATH). It is not easy to analyze or trade these stocks. Since it is supported and rising near the right Fibonacci ratio point of 1 (2828.6), there is a possibility that it will rise to the Fibonacci ratio range of 1.618 (3395.3) ~ 1.618 (3457.6). However, since it is a state where it is not strange to fall at any time, you should think about a countermeasure for the fall when starting a transaction. - (1D chart) Most chart analysts explain the current chart analysis by substituting issues other than the chart. If you get used to this method, you may find issues other than the chart first without looking at the chart and analyze the chart while being obsessed with your subjective thoughts. If you do that, you may analyze the chart in the wrong direction because you will interpret the chart with your subjective thoughts instead of looking at the chart as it is, so you need to be careful. When analyzing charts, you must first look at the chart and analyze it, and then look for issues other than the chart when you have time. - In order to trade a stock that is renewing its ATH, you should check for support when it shows a downward trend and start. However, since it is renewing its ATH, there is no support or resistance point to check for support. To compensate for this, we use the 5EMA+StErr indicator and the Price Channel indicator. Therefore, when the price falls and touches the 5EMA+StErr indicator or the Price Channel indicator, you can find the trading point depending on whether there is support. - (30m chart) You can trade when it breaks out of the section made up of the Price Channel indicator or the box section made up of the HA-High and HA-Low indicators. Of course, trading is also possible within the box section. At this time, you should be careful that the trend can change when it passes the MS-Signal indicator. When you touch the 5EMA+StErr indicator on the 1D chart, you can check whether there is support and trade. - Thank you for reading to the end. I hope you have a successful trade. --------------------------------------------------
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by readCrypto
Is this the Pull Back Zone On Gold XAU GC1! In this video I highlight the potential area for a pull back on Gold Using the TR Pocket and Trend based Extension tool . Using these tools combined we were able to establish a zone of perfect confluence for a downside reaction on Gold. Also I use the new Demonstration Cursor released by Tradingview to highlight the levels on the chart of where my fib pulls were made. In addition to the above I noticed after completing the video that we have yearly pivots that are untapped around $2580. CPI on Wednesday may give us the narrative for the reaction up at those highlighted highs and to begin cooling off . I welcome your engagement Boosts comments + follows . Enjoy Ty
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by SJTRADESFUTURES
Aiming for Long Positions in Gold as Bullish Momentum Continues - Key Insights: Gold continues to demonstrate strong upward momentum driven by central bank demand and geopolitical anxiety. An anticipated rotation from tech to commodities, particularly gold, presents a favorable opportunity for investors. Positive sentiment suggests a continued bullish trend, with expert opinions indicating potential price targets near $3,000 or higher. - Price Targets: Next week targets for a long position are T1 at $2,980 and T2 at $3,050. Stop levels to consider are S1 at $2,850 and S2 at $2,800, ensuring strong support while maintaining a positive risk-to-reward ratio. - Recent Performance: Gold recently peaked at $2,910, affirming the bullish trend despite minor challenges for some traders. The market has shown resilience, and the overall sentiment remains largely optimistic amidst fluctuations. - Expert Analysis: Experts project further increases in gold prices, especially if interest rate cuts from the Federal Reserve materialize. Watchful investors are encouraged to view pullbacks as potential entry points into the market, with an outlook that remains bullish. - News Impact: Notable investments from the UAE in Zimbabwe’s gold sector illustrate the growing global dynamics favoring gold. Geopolitical tensions, tariff concerns, and a heightened demand for physical gold and gold-backed cryptocurrencies underscore gold's position as a reliable hedge against uncertainty and inflation.
CLong
by CrowdWisdomTrading