COMEX:GC1! "Never give up! Failure and rejection are only the first step to succeeding." -Jim Valvano This is perfect play for a high probable trade to go LONG!!! Check out the Chart Link below where I breakdown the reason being why I think the market will take off LONG... Remember when it comes to FRM (Financial Risk Management) our Job is to manage the...
Learned I can press record ! LEts see if this adjustment to the sell stop pays off
Precious Metals have softened recently after continued liquidation, stop-loss selling, and de-grossing pushed Gold futures down to a value zone of $2300/oz on the June futures contract. Since then, bargain hunters have stepped in, driving futures $30 off their lows. The potential for a strong recovery in gold is on the horizon, especially if miners strengthen and...
Levels to watch if comes (if does not come to this levels ignore this comment) around 2304.6 to 2297.0 or 2290.4 if Sustain above 2343.2 or 2343.6 then 2343.6 to 2348.8 then 2354.7 above this bullish then 2359.4 then 2366.2 then 2371.1then 2376.4 if Sustain Below 2336.4 then 2328.5 then 2323.2 to 2320.2 below this bearish then 2313.4 then 2304.6 to 2302.1 then...
Been a while, Ill be getting back i the mix, didnt see a set up yesterday I liked for Technical Tuesday, heres what I like today.
After a pullback we can plan a sell trade here in the gold MCX:GOLD1!
I see the possibility of a five-wave drop. It's going to break down the low.
A clear change in the state of delivery! Look for the retracement to start from within the +FVG.
Good Evening and I hope you are well. Gold comment: Tough spot to trade imo. Different time frames tell different stories here. Daily had a big reversal and closed above the 20ema. 4h says it’s a small pullback from a potential W1 of a bear trend and on the 1h chart we could argue that market formed a nice double bottom and we trade back to the weekly high...
4.23.24 This video was mostly about reading the market... looking for the location of buyers and sellers using important patterns and not using tools such as oscillators that are far less accuratedo not provide you with a trade location that increases your chances of the market moving in your direction before it moves significantly lower.
after analysing the chart . today the price of the gold will continu going down.the price will go down please share your thoughts about my analysis
Levels marked at 4:55 PM IST .. considering Electronic trading price, regular trading hours are from 7:00 PM IST if Sustain above 2328.1 then 2343.6 to 2348.8 or 2357.0 to 2365.2 above this bullish then wait if Sustain Below 2314.5 or 2307.1 then 2302.1 to 2297.0 then 2291.2 to 2283.1 or 2274.9 below this bearish then 2256.9 to 2255.5 or 2251.7 to 2250.3 last...
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M. (1D) Long-term context suggests that the ((iv))-green wave is currently unfolding to push lower, targeting 2265. After reaching the bottom, the ((v))-green wave is expected to follow, ready to push higher. (4H) Short-term outlook has seen a significant decline since the recent high. Gold is now poised...
Gold reversal is in reversal pattern. Head and shoulder chart pattern is in place.
Gold prices had a very good run in the past few weeks but now the selling pressure is showing up on the chart. Much more downslide is expected if nearby Support is breached because the next support is far-far away. If the price reverses and reaches cloud area (the consolidation zone), do not keep any position open.
Bias is tentatively Bullish. Continues to make HLs, but no HHs, in a tight range. Price is close to filling in the big wick the prev. week. Looking to see if the PWH is raided early in the week. If so, I expect price to go from External ->Internal, down the the W FVG/+OB area from there. But price may need to rebalance the +FVG before moving higher. Waiting...
Gold prices dropped more than 2% to a one-week low on Monday as worries over a wider Middle East conflict subsided, prompting investors to scale back safe-haven trades in favour of riskier assets like equities. Spot gold was down 2.5% at $2,330.51 per ounce as of 1:52 p.m. ET (1752 GMT), and marked its biggest intra-day fall in more than a year. U.S. gold...
Hey There, Welcome Back. Today we analyze the evergreen hedge commodity. - If you are an Indian, Given that Gold rallied almost 17% in a very short span You must be quite happy. We Indians love gold. Especially, the ladies in our homes. - The chart of Gold Futures is showing something interesting. The price took quite a rejection from the recent support zone. -...