GC/XAAUSD - Sell signal for tomorrow 20/06/2023COMEX:GC1! OANDA:XAUUSD
GC/XAAUSD - Sell signal for tomorrow 20/06/2023
Trade at your own risk
Gc1sell
Market Structure Broken on GoldA continued decrease in the value of GOLD is anticipated, which recently experienced a rise from $1620 to $1970 price levels between November 2022 and February 2023.
GC shows signs of weakness and is likely to continue to head lower, as indicated by the strong rejection of the $1970 price level.
The strategy involves a weak correction upward towards the MSS line, followed by a sell-off targeting the $1864 bullish order block.
If the trend persists and the order block fails, then the sell-off is likely to continue toward sellside liquidity below the order block as a secondary intermediate term objective shooting for $1830.
Further potential targets include $1804, $1793, and $1778 levels after that. Ideally this play I would like to see with large range candles slicing through with relative ease.
If the retrace toward the MSS line breaks the $1975 high, then the trade idea will be invalidated.
GOLD FUTURESGOLD FUTURES
The trend has been changed and the trend is up and forcefully and we have a very strong summit that we are likely to come into contact with in order to achieve the goal
GOLD FUTURESGOLD FUTURES
As we said in the previous analysis, he penetrated the strongest resistance zone, or a very strong display area, and he went up, and we could see a very strong retest, and who was aggressively climbed to the previous summit
Strong decline in gold priceI had determined the direction of gold to the first support, and if the breach was made, it would go to the second support
GC1 trend signalsHello traders,
The gold future is playing again in a new trading range. Currently we have signs of an increasing trend; it’s confirmed with that high level (After a succession of stable low volume) of volume and that candle. We expect it to reach the Resistance R0 and break it to reach the other resistance R1.
For intraday trading, we buy right now, and keep watching the GC price. We can sell at the first red volume and red candle, or can wait it to reach the R0 and its break.
GC, seems going upHello traders,
The gold future is now preparing for an increasing trend. We have the right signs of volume and candle’s shape that assure that, so we expect this upward trend.
As I said in my last analysis of GC, Gold future was able to break a trading range and take that increasing path.
Currently, buying GC will be a profitable operation, it seems Gold future is looking for higher level price, this will be confirmed after breaking the R1 resistance . What we can do after buying is to wait that red volume and red candle to sell for intraday trading.
For long term investment, GC is an opportunity.
GC Analysis for long term investmentThe pitchfork indicator has bounded well the evolution of GC.
So that GC could break those limits, we should have volume higher than the stagnated volumes shown in the graph, so that GC could break the L2 limits.
However, the support of pitchfork indicator is taking the GC step by step to an increasing trend. Therefore, GC would be a good investment for long terms
Trading plan for GOLD - Short Strategy – GC1The market goes back down but TWO resistance could limit the fall.
And don ‘t forget to take your profits…
GC again in stand byHello Traders,
As I said yesterday in my last analysis, of GC, GC future has broken the trading range and makes a comeback to it.
For now, we should wait for good signs of volume and good signs of candles that will give us an idea how GC will evolve.
Those signs will impose to GC a break of that equilibrium zone.
If the break was above this zone, we expect an increasing trend, but if it was below this zone, we expect a decreasing trend.
GC future, for intraday tradingHello traders,
Currently the GC future shows a decreasing trend, it breaks the trading range (equilibrium range down), however we have signs that assure an increasing trend for intraday trading. We expect it will come back up to the trading range.
For now, the advice is to buy for intraday trading, and sell at the next red volume and red candle, of course after the growth
GC after a high volumeAs we said in our last analysis of GC, we should wait for a high volume.
The GC shows high level of volume, and shape of candle that assure an increasing trend.
We hope this growth reaches the first level of growth, and if it breaks it, we should go the second level of growth.
The advice is to buy GC and wait for the first red volume and candle to sell for short investment.
GC in equilbirumGC Future is in a stand by, There is no clear trend, which means it’s in an equilibrium range or zone.
The next levels of volumes will give us an idea of how GC will behave.
If the price breaks the range zone above, it’s more probable that we will have an upward trend.
If the price breaks the range zone below, it’s more probable that there is a downtrend.
We will update this analysis once we have a good sign of the predicted trend.
