Get started
Taifex Gold FuturesTaifex Gold FuturesTaifex Gold Futures

Taifex Gold Futures

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Forward curve Seasonals Contracts

GDF1! trade ideas

Gold - Short Setup Off Major Trendline Rejection📉 Gold - Short Setup Off Major Trendline Rejection Gold has broken down through the rising trendline and is now retesting it — the moment of truth! 🧐 🔻 Short Entry: 3,336 🎯 Target: 3,236 (Fib 1.0 + HVN gap fill) 🛑 Stop: 3,346 (Above trendline retest) ⚖️ Risk/Reward: ~1:10 📊 Bonus: High volume node above adds resistance. Bearish volume profile structure confirms the breakdown bias. Watching for volume to pick up on the move down. Let's see if GC bleeds into August. 🩸📆
COMEX:GC1!Short
by JoshuaDanford
Options Blueprint Series [Intermediate]: Gold Triangle Trap PlayGold’s Volatility Decline Meets a Classic Chart Setup Gold Futures have been steadily declining after piercing a Rising Wedge on June 20. Now, the market structure reveals the formation of a Triangle pattern nearing its apex — a point often associated with imminent breakouts. While this setup typically signals a continuation or reversal, the direction remains uncertain, and the conflict grows when juxtaposed with the longer-term bullish trajectory Gold has displayed since 2022. The resulting dilemma for traders is clear: follow the short-term bearish patterns, or respect the dominant uptrend? In situations like these, a non-directional approach may help tackle the uncertainty while defining the risk. This is where a Long Strangle options strategy becomes highly relevant.   Low Volatility Sets the Stage for an Options Play According to the CME Group’s CVOL Index, Gold’s implied volatility currently trades near the bottom of its 1-year range — hovering just above 14.32, with a 12-month high around 27.80. Historically, such low readings in implied volatility are uncommon and often precede sharp price movements. For options traders, this backdrop suggests one thing: options are potentially underpriced. Additionally, an IV analysis on the December options chain reveals even more favorable pricing conditions for longer-dated expirations. This creates a compelling opportunity to position using a strategy that benefits from volatility expansion and directional movement. Structuring the Long Strangle on Gold Futures A Long Strangle involves buying an Out-of-the-Money (OTM) Call and an OTM Put with the same expiration. The trader benefits if the underlying asset makes a sizable move in either direction before expiration — ideal for a breakout scenario from a compressing Triangle pattern. In this case, the trade setup uses: Long 3345 Put (Oct 28 expiration) Long 3440 Call (Oct 28 expiration) With Gold Futures (Futures December Expiration) currently trading near $3,392.5, this strangle places both legs approximately 45–50 points away from the current price. The total cost of the strangle is 173.73 points, which defines the maximum risk on the trade. This structure allows participation in a directional move while remaining neutral on which direction that move may be. Technical Backdrop and Support Zones The confluence of chart patterns adds weight to this setup. The initial breakdown from the Rising Wedge in June signaled weakness, and now the Triangle’s potential imminent resolution may extend that move. However, technical traders must remain alert to a false breakdown scenario — especially in trending assets like Gold. Buy Orders below current price levels show significant buying interest near 3,037.9 (UFO Support), suggesting that if price drops, it may find support and rebound sharply. This adds further justification for a Long Strangle — the market may fall quickly toward that zone or fail and reverse just as violently. Gold Futures and Micro Gold Futures Contract Specs and Margin Details Understanding the product’s specifications is crucial before engaging in any options strategy: 🔸 Gold Futures (GC) Contract Size: 100 troy ounces Tick Size: 0.10 = $10 per tick Initial Margin: ~$15,000 (varies by broker and volatility) 🔸 Micro Gold Futures (MGC) Contract Size: 10 troy ounces Tick Size: 0.10 = $1 per tick Initial Margin: ~$1,500 The options strategy discussed here is based on the standard Gold Futures (GC), but micro-sized versions could be explored by traders with lower capital exposure preferences.   The Trade Plan: Long Strangle on Gold Futures Here's how the trade comes together: Strategy: Long Strangle using Gold Futures options Direction: Non-directional Instruments: Buy 3440 Call (Oct 28) Buy 3345 Put (Oct 28) Premium Paid: $173.73 (per full-size GC contract) Max Risk: Limited to premium paid Breakeven Points on Expiration: Upper Breakeven: 3440 + 1.7373 = 3613.73 Lower Breakeven: 3345 – 1.7373 = 3171.27 Reward Potential: Unlimited above breakeven on the upside, substantial below breakeven on the downside R/R Profile: Defined risk, asymmetric potential reward This setup thrives on movement. Whether Gold rallies or plunges, the trader benefits if price breaks and sustains beyond breakeven levels by expiration. Risk Management Matters More Than Ever The strength of a Long Strangle lies in its predefined risk and unlimited reward potential, but that doesn’t mean the position is immune to pitfalls. Movement is key — and time decay (theta) begins to erode the premium paid with each passing day. Here are a few key considerations: Stop-loss is optional, as max loss is predefined. Precise entry timing increases the likelihood of capturing breakout moves before theta becomes too damaging. Same for exit. Strike selection should always balance affordability and distance to breakeven. Avoid overexposure, especially in low volatility environments that can lull traders into overtrading due to the potentially “cheap” options. Using strategies like this within a broader portfolio should always come with well-structured risk limits and position sizing protocols. 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.
COMEX:GC1!Education
by traddictiv
GOLD | NEW WEEK TECHNICAL BIAS (MARKET OPEN) HTF Bias (Daily/Weekly): Macro trend remains bullish — recent impulsive leg to fresh highs confirms strong upside momentum. However, price is currently extended and undergoing a corrective pullback. 4H Context: After a sharp rally into 3,534 (primary impulse target), gold is retracing into the Flipped Cap Zone at 3,430–3,445 — a prior resistance now acting as support. Holding this band keeps the bullish continuation scenario intact. Key Zones & Levels: Primary Liquidity: Above 3,534.1 (OCZ — main upside target) Buy Zone : 3,430–3,445 (Flipped Cap / potential re-entry base) Invalidation: Daily/4H close below 3,420 → shifts bias bearish toward 3,389–3,350 PIZ Secondary Liquidity: 3,420–3,397 (intermediate OCZs) Deeper Bearish Trigger: Break below 3,336.0 opens path to 3,280 and lower. Bias Outlook: Bullish continuation favored if 3,430–3,445 holds, targeting liquidity above the 3,534 OCZ. Break and close below 3,420 tilts the odds toward a deeper correction. ⚠️ Purely technical – no fundamentals. 📌 This is a strategic directional bias, not financial advice. Execute only with confirmation and proper risk management.
COMEX:GC1!
by Olamitrades1
GOLD | XAU/GC - Weekly Recap & Gameplan - 03/08/25📈 Market Context: Gold is currently trading within an accumulation zone as the market begins to price in a potential 0.25% rate cut by the Fed. This macro expectation is supporting the broader bullish bias in the commodities market. 🧾 Weekly Recap: • Price broke below the HTF bullish trendline — a key sign of weakness and potential structural shift. • However, a sharp drop in the DXY (US Dollar Index) provided a bullish tailwind for gold, resulting in a mid-week bounce. • This mixed action sets the stage for two potential outcomes next week. 📌 Technical Outlook & Game Plan: I’m preparing for two possible scenarios: 1️⃣ Bearish Scenario (Red Path): → Price retests the broken trendline and rejects it → Continuation to the downside → Play: Short setup 2️⃣ Bullish Scenario (Green Path): → Price reclaims the broken trendline and closes above it → Continuation higher toward next resistance → Play: Long setup 🎯 Setup Trigger: I will wait for a clear break of structure (BOS) on the 1H–4H timeframe to confirm directional bias. 📋 Trade Management: • Stoploss: Below the demand zone (for longs) or above supply (for shorts) on the 1H–4H chart • Target: → Bullish: $3,536 → Bearish: $3,305 💬 Like, follow, and comment if this breakdown supports your trading! More updates, setups, and educational posts coming soon — stay tuned!
COMEX:GC1!
by UA_CAPITAL
BULLISH ON GOLDLet's take a look at some key things happening with gold and why I decided to go long. The first and most convincing factor for me is the market structure shift after taking sell-side liquidity, followed by strong displacement to the upside. We also have equal highs. Additionally, there’s a 4-hour breaker, and if you look at DXY, it has broken down after running ITS buy-side liquidity. Bonds (ZBU2025) are also showing strength. Gold is still in a range market, and right now we are at the range lows. So, even if you're not bullish on gold, it doesn’t make sense to short. I also wouldn’t feel comfortable shorting because of the equal highs above. INVALIDATION IS RECENT 4HR LOW.
COMEX_MINI:MGCZ2025Long
by diegoulises281
Gold Futures Super Strong Resistance - Price Coming Back StrongGold Future has been very strongly pushing up without filling any gapes in the short side before pushing up more further. One unique line is probably the target super strong resistance. In a daily chart, probably better wait until it reaches that point to try to check for strong short entries maybe. Still arriving there it would explode up even more further to transform that line into a super strong probable support. Keep watching! (Do we actually have to believe that gold is secretly targeting $10,000) in the Yearly Chart?... Since February 2022 it just went berserk!)
COMEX:GC1!
by Diallo_Charts_Ideas
Gold Range-Bound and Ripe for Mean Reversion Plays?Gold has been locked in a sideways, range-bound regime for months, largely oscillating between the 3400 and 3160 levels. This lack of clear directional trend stems from conflicting fundamental forces: on one hand, sticky inflation and resilient U.S. data have bolstered the U.S. dollar and yields, weighing on gold. On the other, global growth concerns and geopolitical tensions continue to underpin demand for the metal as a safe haven. The push and pull of these opposing themes has created an environment of indecision and choppy price action. While long-term investors may find this frustrating, range traders and mean reversion strategies are thriving. With technical boundaries so well-defined, short-term oscillations within the range are offering repeated opportunities for disciplined entry and exit. Currently, XAUUSD is trading just under the 3296 level after a recent rejection from the 3350s. The bearish structure suggests a potential leg down toward the 3160–3180 support zone. However, absent any major economic surprises or geopolitical shocks, this could merely be another deviation from the mean rather than a true breakdown. Indicators like RSI and Stochastic Oscillator are already hinting at early signs of bullish divergence. If price holds above or near 3160, the setup for another mean-reversion trade back toward the mid-range (around 3296 or higher) could unfold. In the current environment, fading extremes rather than chasing trends remains a strategy of edge, as depicted by the 14 period RSI.
COMEX:GC1!
by Jacques1000
Gold’s Compression Coil Looks Ready to DetonateMGC continues to reject the 50% Fibonacci retracement level from the $3,386.5 swing high, currently trading at $3,347.3. Price has now spent multiple candles trapped under this level, unable to reclaim $3,355, with clear upper wicks and no bullish follow-through. This is classic midday NY session compression, often setting up a late-day directional move. All signs currently point to continuation lower toward $3,306.2, completing a textbook measured move. Staakd Probability Model Based on historical setups where MGC pulls back to 50% and stalls mid-NY: Scenario Probability - Continuation down to $3,306.2 68% High-probability path if $3,347 breaks - Sweep to $3,355–$3,360 before drop. 26%. Possible liquidity grab - Break and hold above $3,360 6% Invalidation of the short idea Key Levels Level - 100% Fib High $3,386.5 - Swing high - Supply Zone $3,347–$3,355 - Rejection area + equilibrium zone - Current Price $3,347.3 - Compression below fib midpoint - Target Zone $3,306.2 - Measured move / demand structure - Invalidation $3,360.0+ - Break above this invalidates the short Trade Idea (Pending Trigger) - Bias: Bearish - Entry Zone: $3,345–$3,350 - Target: $3,306.2 - Invalidation: Above $3,360 - Reward-to-Risk: 2.2R–2.5R depending on entry execution This is shaping into a high-probability continuation setup. NY session has done the heavy lifting: a weak bounce, heavy rejections, and no reclaim of structure. Unless we see a sudden reclaim of $3,355 or a spike in late NY volume, this looks ready to break and expand lower. Keep it simple. Trust the structure. Let price walk itself to the target.
COMEX_MINI:MGC1!Short
by stakkd
MGC Bear Flag or Dead Cat Bounce? Tokyo’s About to DecideClean structure forming on MGC after a heavy impulse sell during NY session. We’re now consolidating below VWAP in what looks like a textbook bear flag or descending wedge. We had a sharp breakdown from the highs with no real attempt to reclaim the structure. Price is now compressing underneath the 9/21 EMAs and VWAP clear bear pressure. Volume POC from this range is sitting around 3,332.7, and price can’t even sniff it. Fibonacci 50% retrace off the sell leg aligns with POC stacked resistance. Entry marked at 3,318.4, targeting a breakdown into 3,268.4 roughly the measured move from the flag. Quant Confluence: - Under VWAP - Below 9 & 21 EMA - Fib 50% rejection - Bear flag structure - POC rejection zone If I'm Wrong: If price closes above 3,332.7 (POC) or breaks and holds above VWAP, the bear thesis weakens significantly. Flip long only on a full structure reclaim.
COMEX_MINI:MGC1!Short
by stakkd