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Comex

Gold Futures - Technical Levels Gold tops out after printing a ATH back in August 2020 and then Trades within a descending channel printing Lower highs and respecting the top and bottom of the channel to contain the price action . A strong break outside of the channel in August 21 followed by a back test of the top of the channel in Sept and a healthy break to the upside after Inflation reports at 30 year highs . This leaves PA currently sitting at the POC, close above this region and we may test the next resistance or close below and we have the marked supports in chart . See my other chart on the DXY index ..linked below Know your Invalidation and Trade your Plan , I hope this gives you some insight .
COMEX:GC1!
by SJTRADESFUTURES
4
$SILVER - ugly rectangles -NOT typical bullflag, but bullish!Compare to 2010/11 Similar structure from the pullback, BUT - entered from above, and the clues about the dump were in the chart on the approach - up the lift and down the stairs, hit the rSI50 and just sh@t it self This time, its up the stairs and down teh lift, so it IS a bullsish structure. Thre's a chance of it givinng way, but there isn't that great a vacuum as people are saying. only to 20.50 - big ledge. think it's not relevant? Look where the consolidation is - right below the last one.
OANDA:XAGUSD
by UnknownUnicorn13172879
$GOLDin USD Looks like a queeze up to COMEX open time is possible... Let's see. As I said last night.. there are enough features here to sow doubt in me that it's a bearish chart. I think could go either way, but I'm leaning 51/49 to go up. As @lukeytrags has been quite upset about, the goldies are capitulating today. I think that's the last scream of capitulation as theyr race to hit RI30 and lows on charts for FBOs etc before they go up. GOtta break the back of hodlers so they're too scared to re-enter, until they aren't and they chase it all of the way up.
TVC:GOLD
by UnknownUnicorn13172879
Silver Futures Trade The Range! Longs and Shorts Silver has been in the current sideways range for 410 days and within this time it had printed its ATH of 30$ back in Feb 21. In August we tested the bottom of the current range to around 22$ with a 11% move to the upside thereafter followed by a strong rejection at 24.90 to push silver back down to the August range Lows at $22 for the back test. We are sitting at the bottom of that range so an obvious choice would be to long or you could wait and see what reaction you get at the levels marked . I have marked the area you can expect support to step in if this were to reject from 24XX for example and break down from the channel . If of course Silver claims that level 23.90 as a support then the middle of the channel will pose some resistances , with the Point of control and the .618 and the middle of channel . Taking some profits if you are long from the bottom would be a good idea or consider shorts from this region . Trade the range Until it Breaks was some great advice that I was taught ! Always Know your Invalidation and Have a Trading Plan ! Share Comment and Like ..Appreciated
COMEX:SI1!
by SJTRADESFUTURES
GOLD Trading Analysis Before COMEX OpensIt is crystal clear that the gold is ranging in an inclined corridor (see the two inclined lines) + the prices are below the VWAP (for the moment). Since there is no volume the minute I type this, it is difficult to predict exactly what is going to happen. But here are the only 2 scenarios: First, the market will break the range from above with a strong volume + break the VWAP. In this case, the prices will potentially reach the previous strong resistance (sii the horizontal line). The second scenario is to bump into the VWAP and continue the down-trend, this will result that the prices will certainly reach the previous range (see the blue rectangle). Strategy I will personally wait for the American session to open, to observe the first impulse volume. Once the volumes are here we should see the behavior of the market with the VWAP and with the "micro-resistances" (breaking it or bumping into it). Then initiate a trade when all the elements are present. Remember, we think in terms of probabilities, the market could be irrational, however, we tend to explain it and analyze the most probable scenarios.
COMEX:GC1!
by Jalal_ASFAJ
Copper: just some infosHi Guys, Interesting time for copper! Chinese smelters and global miners meet every November to negotiate the annual benchmark for the following year’s TC/RCs. Miners pay treatment and refining charges (TC/RCs) to smelters to process concentrate into refined metal. When supply is scarce, refiners have to charge less to attract what they need. This comes when an unofficial Chinese ban on Australian copper concentrate imports could hurt Chinese smelters in their negotiations with miners on benchmark treatment charges for 2021, traders and analysts said. While Australia is not a big supplier of copper concentrate to China, the row comes as supplies from South America have been disrupted by the coronavirus epidemic which looks set to erode the bargaining power of smelters in China to buy for next year. On Monday the Candelaria Union will decide how to carry on the strike commenced at the beginning of October that disrupted supply. From a technical point of view to note that despite the divergence between price and sentiment, the commodity keeps pushing towards the 3.2 level. Will it drop from this level or will it continue higher? Please share your view in the comments below. Thank you for your support and for sharing your ideas. Cozzamara Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumstances.
OANDA:XCUUSD
by cozzamara
2
TRICKY GOLD - BEWARE FAKE SIGNALS - GC1! - 30MNWe have seen the COMEX Gold Future showing some fake signals during last weeks. Signals followed by very strong volumes, but, seeing the market price running the other way around. Be careful when trading the Gold Future. All the red arrows are showing examples of fake signals. The blue line is an overall trending line being a strong support, if broken there is strong probability in seeing GC1! Gold Future running further down. The top black line acts like a very strong resistance. We have seen the market testing it and failing to pass it. The black line on the top is stronger and probably more difficult to break than the blue bottom line. Sellers who came in strongly 3 weeks before have strongly impacted a Gold promised to stay above $2,000 last month. See how things change quickly. It is probably better to stay away of the spot and wait for the Gold Future to show a clear direction after having broken a super strong line which are more visible in the Daily chart.
COMEX:GC1!Short
by Diallo_Charts_Ideas
GOLD SELLERS LINE IDENTIFIED - GC1! - DAILYThe general trend of the COMEX GOLD FUTURE is still valid as an uptrend as soon as it is above the blue slope support. The red line marks the most important line where the sellers won't let the market go above. The yellow metal have seen recently strong sellers push and have revealed an area (The red line) where the fight is going on between sellers and buyers. Going down further and passing the under pink rectangle zone would probably mark a strong validation of a declining price. We have seen in the past strong downtrends stretching and erasing all seller by squeezing them up, to then, return again above the blue up trending slope. So beware of any surprise. For the moment, we are observing this fight at the red line zone. It would probably better to look at the fight and jump on the spot with the winners. Possibility of easy trade and a profitable one. Hint: the volumes are a bit down since few days, probably it is a good idea to follow up on any significant increase of them...
COMEX:GC1!
by Diallo_Charts_Ideas
4
Gold holding ground against weak dollar, will it hold?Gold Technically forming a base around 1845-40 range and upside resisting at 1882-85 saying overall range 1840-90 for now. H4 timeframe at over bought zone and need to correct till 1860-65 zone again to bounce or if breaks there we can see a straight drop till 1848 sept 28th low. Meanwhile one can wait and either buy from low or sell from high 1880-85 zone which already tested for the day. So, sellers still appear to have the advantage until connecting with daily support at $1,841, closely shadowed by H4 support at $1,835 and then the weekly channel support (around $1,825ish).Overall we say sell on rise for the day. Suggestion: SELL GOLD FROM 1878-80 SL ABV 1892 TGT 1860/1855 ELSE BUY ABOVE 1892 TGT 1911/1920 SLBELOW 1874
OANDA:XAUUSDShort
by OfficialYaMarkets