$GC / Gold Update - A New Entry - 7/23Hello fellow degenerates,
Our next target is above 3504 and we are currently in a quick ABC retracement.
- I am looking for an entry in the 3424.6-3411 range.
- This is a wave C so we could see an ABC or a ABCDE pattern forming.
- Levels to watch: 3433.1, 3424.6, 3416.6, 3408
TGF1! trade ideas
$GLD / $GC – Gold Poised for Breakout as Hard Assets FlexAMEX:GLD / SET:GC – Gold Poised for Breakout as Hard Assets Flex
Gold is setting up for a major breakout, and the broader market is finally catching on to the hard asset trade. Whether it’s inflation ticking up or the never-ending government deficit spending, the market is starting to signal something big.
🔹 Macro Tailwinds:
Inflation pressures + record deficit = a perfect storm for gold.
The dollar is under pressure — metals ( AMEX:GLD , AMEX:SLV , SET:GC ) are responding.
This theme isn’t going away anytime soon.
🔹 Technical Setup:
AMEX:GLD and SET:GC (Gold Futures) are coiled tightly just under breakout levels.
Volume is steady, and momentum is building under the surface.
A move through current resistance could send this entire trade into overdrive.
🔹 My Positioning:
1️⃣ Options: Long AMEX:GLD calls with 1-month expiration — slow mover, but clean structure.
2️⃣ Futures: Trading SET:GC contracts on the breakout side.
3️⃣ Silver Exposure: Still holding partials in AMEX:SLV — it’s following gold’s lead but with more juice.
Why I’m Focused Here:
This is not a one-day theme — hard assets are becoming a rotation trade.
If this confirms, we could see multi-week upside in precious metals.
It’s rare to get clean technicals that align this well with macro.
Gold short Read this clearly, my confidence in this trade is 3 out of 10.
Use very small size on this trade, as iam not sure at all that this is even the right thing to do.
The chart is messy, and there is consolidation is going on.
if the price didnt make it to nr 1 circle, dont worry about it. The most important thing is the close below the FVG.
Also confirm on lower time frame to see how the price reacts to the entry levels. If anything is going to happen, is going to happen at those levels.
Gold at a Crossroad: Long or Short? Key Levels in FocusThere are three chart of Gold .
Gold1! is forming a Rising Wedge pattern, with resistance positioned between 103500-104000 levels.
Gold1! is facing Pivot Point resistance around the 103500 level, indicating potential supply pressure.
Gold1! is approaching the parallel channel resistance, and the upside move is nearly complete in percentage terms, with resistance around 103800-104000.
if this level sustain then we may see first of all higher prices then again fall in gold1!
Thank You !!
XAUUSD – New Week Technical Bias (Market Open)
Bias Overview:
Current outlook remains aligned with previous bullish analysis, supported by the broader Ascend Sequence on higher timeframes.
Price Expectations:
Anticipating a micro decline toward Price Zone A as a potential springboard for a bullish continuation.
While less likely, a deeper pullback into Price Zone B may occur before the rally unfolds — still within acceptable structure for HTF bullish intent.
Execution:
Will rely on micro-timeframe confirmations and reaction behavior within these zones to finalize entry decisions following market open.
Invalidation will be break and bearish structure below the ascending sequence Channel.
Summary:
Maintaining bullish bias while awaiting refined entry opportunities at defined price zones. Structural invalidation remains below key support and Sequence Line levels.
[b ]🔒 Disclaimer:
This analysis is for educational and strategic insight purposes only. It is not financial advice. Always manage your own risk and confirm with your personal trading plan before executing trades.
Gold Bulls Loading Up – Our Short Squeeze Trigger is Set!🚨 Gold Bulls Loading Up – Our Short Squeeze Trigger is Set!
We’re flipping the script on COMEX_MINI:MGC1! After a prolonged downtrend and textbook wedge compression, our breakout long is LIVE – but not without trapping the late shorts first.
💥 Entry: $3,312.1
🛑 Stop: $3,288.4
🎯 Target: $3,458.9
🧮 Risk/Reward: 6.19
Price just bounced at the retest of the wedge apex, and volume is confirming the move. If this holds, we’re riding momentum all the way up – and letting short pressure fuel the breakout.
📈 Trendline breached.
⏳ Time compression converging.
⚠️ If you’re still short, watch your stops!
Gold Futures Long Setup – Breakout Continuation off the 0.618 FiGold Futures Long Setup – Breakout Continuation off the 0.618 Fib
Instrument: Gold Futures – COMEX ( COMEX:GC1! )
Timeframe: 15-Minute
Trade Type: Long – Breakout Continuation
Entry Zone: 3390 (0.618 Fibonacci retracement)
Take Profit: 3428 (0.786 Fib)
Stop Loss: 3384
Risk/Reward Ratio: 6.68
Setup: Bullish Flag on Retest
🔍 Trade Thesis
This trade is part of an ongoing breakout continuation strategy we've been trading, and now we're eyeing a pullback entry as price returns to a key retracement level.
Price nearly exploded through the 0.618 Fibonacci level (3390) during the prior breakout.
Now it's pulling back in a textbook bullish flag formation, suggesting healthy consolidation before the next leg.
The 0.618 retracement is aligning with previous intraday structure and trendline support — making this an ideal level to scale in.
This is a high R:R continuation play, with targets set at the 0.786 Fib level (3428) — right before macro resistance kicks in.
🎯 Entry & Exit Strategy
Entry: As price touches 3390 or forms bullish confirmation at the level.
Stop Loss: 3384 – tight and below key fib/flag structure.
Target: 3428 – based on 0.786 Fib extension and breakout continuation projection.
📊 Why This Works
Breakout behavior: Price respected the breakout impulse and retraced cleanly into a bull flag.
Fib confluence: 0.618 pullbacks are a classic entry in trending markets.
R/R of 6.68: Excellent reward profile vs. limited risk.
Eye These Levels to Go Long On GoldFenzoFx—Gold remains bullish but eased at $3,419.0 resistance. The Stochastic at 85.0 suggests a pullback may follow. Traders can watch support at $3,389.0 for short-term scalping.
Swing entries may emerge near $3,351.0 if bullish signals appear, such as candlestick patterns, structure breaks, or fair value gaps. Updates will follow if price reacts to these levels.
Gold Futures (GC1!)Gold Futures (GC1!) 1H – Bearish Rejection Setup
Price showed a strong bullish impulse followed by a rejection near the 3,416 resistance zone, forming a lower high and signaling potential exhaustion of buyers. After grabbing liquidity above the previous high, it failed to hold above the zone and retraced back below a key structure level around 3,406.
This setup aligns with a classic breakout and retest, now acting as resistance. I entered a short position after confirmation of bearish price action, targeting the demand zone around 3,372–3,368. Stop loss is placed just above the high at 3,416.8.
Gold Bulls Reloading? Smart Money Buys!The technical outlook on XAU/USD shows a well-defined bullish trend, developing within an ascending channel that started in late June. Price recently pushed toward the upper boundary of this channel, reaching a key resistance zone between 3,410 and 3,420 USD, which aligns with a previous supply area and significant daily structure. The reaction in this zone suggests a potential fake breakout, hinting at a short-term pullback before a continuation of the upward move.
The RSI oscillator supports this view, displaying bullish momentum with a breakout above the 60 level. However, the current slope hints at a possible minor correction before the next impulsive leg higher. The most relevant demand zone lies between 3,340 and 3,360 USD, at the base of the ascending channel—an ideal spot for buy orders to accumulate in anticipation of a move toward previous highs.
Backing this technical setup, the Commitment of Traders (COT) report as of July 15, 2025, paints a constructive picture. Non-commercial traders (institutional speculators) increased their long positions by over 8,500 contracts, while also cutting short positions by about 1,600 contracts, indicating a strong bullish bias. Commercials also increased their shorts (+16,448), a typical hedge during rallies, but not enough to invalidate the bullish structure.
From a seasonal perspective, July remains one of the historically strongest months for gold. According to MarketBulls data, over the past 2 years, gold has averaged gains of 105+ points in July, with solid returns also visible on the 5-year (+45 pts) and 10-year (+25 pts) averages. August also tends to be supportive, reinforcing the idea of a medium-term bullish extension.
Lastly, the retail sentiment is heavily skewed, with 72% of retail traders short, and only 28% long. From a contrarian standpoint, this is another strong bullish signal. When the majority of retail traders are short in a structurally bullish market, the potential for a short squeeze remains high.
GOLD - Lovers Elliott wave - looking strong Short/Medium termGOLD-----Daily counts indicate Excellent bullish wave structure.
Both appear to be optimistic and this stock invalidation number (S L) wave 2 low
target short / long term are already shared as per charts
correction wave leg seems completed (C)
Investing in declines is a smart move for short/ long-term players.
Buy in DIPS recommended
Long-term investors prepare for strong returns over the next two to five years.
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$GC/Gold Elliot Wave Analysis Update - 7/21Hello fellow gamblers,
Both scenarios that we are watching are still valid and as price approaches a confirmation level, we do gotta be aware possible fakouts as we trade inside a flag/wedge pattern.
- A rejection of 3408 could drive us towards the other end of the pattern and a possible break to the downside.
- If we do have a rejection, I will be watching for price to find support at 3370 for my bullish bias.
- Levels to watch: 3408, 3346, 3283
GOLD: Pre-market PrepSo for gold today, I see a lot of confluence around the prior week's high, prior day's high, and the prior value area high. We also had a poor high last Friday that we've clearly broken through.
Right now, we're in balance up above these key levels. My immediate plan is to continue going long up to the prior month's value area high. If we get a pullback to the confluence area, I want to take it up from there.
If the market opens and we accept back into the previous area, I'll be looking to go short from that area and take it down. That's my main analysis for gold today. Let’s trade smart, peace!
GC Outlooklooking to for a continuation into 3390. then look for a retracement back towards the 50 ema. this will set up a push to the previous all time high. now keep in mind the fluid dynamic of the market based on the ever changing fundamental landscape, tariffs and other news that can shake the market. but the over all picture remains very bullish for gold
Gold will make a Low for the Week before Pushing BullishOn my previous Update I mention that we should have support off this H4 Gap. My problem with it s it immediately reacted to it when the market opened back up. well before the killzone. So I feel like this is a fake out to go short for now. they will make a low for the week then we will see it set up for the bullish move.