Price Is The Ultimate Indicator - Part 1 (SPY/GOLD)I'm going to start a new series of videos attempting to teach techniques related strictly to price action, construction, and patterns.
This is not your typical example of trading with other technical analysis techniques - this is purely price action.
This first video highlights what I believe will
Gold Futures
No trades
About Gold Futures
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a fiat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
Related commodities
GOLD: WiIl It Continue To Range Sideways?In this Weekly Market Forecast, we will analyze Gold for the week of May 4-8th.
Gold closed April as an narrow-range Inside Bar, and well with the middle of the previous monthly candle. After four consecutive bullish weekly closures, the last two weeks have been bearish. This sideways movement is
GOLD: Waiting For The Buy Model To Set UpIn this Weekly Market Forecast, we will analyze Gold for the week of April 27 - May1st.
Gold has been going no where but sideways. But I believe that changes this week.
Not interested in shorting this market. Not with fundamentals supporting higher prices at the moment.
FOMC is Wednesday, and my
Gold Update 06MAY2026price moves along the established route as it sank
to preset Fibonacci retracement area
slashing half of previous growth in wave A of (B)
wave B of (B) looks completed, RSI shows Bullish Divergence and it already
crossed above the 50 "waterline", however it can dip one more time
confirmation for
GC One Hour: +4,406 Ticks to Fibonacci Extension The GC one hour time frame has an up Fibonacci
with an extension price point 5063.4 about +4,406 Ticks
above. The market is moving from a high price to a low
price. It will be a good idea to look for long ideas as long
as the market does not take out the one boundary price
point 4306.3
Entry: Count
After NFP, Im Expecting Gold to Push Higher IRL < ERL
1D :
On The Daily Time Frame, We Expanded Away From Our Weekly Relevant Low
This Move Was Then Followed By A Retracement Into An IRL (Gaps Print Continuation, Retracement < Expansion)
We Have 1 Stage SMT Fill In The Gap & A PSP Close On Gold (Gold Closed Bearish On Thursday, SIl Closed B
GC One hour entered into buy zone. +3,531 Ticks to Fibonacci ExtThe GC one hour time frame has an up Fibonacci
with an extension price point 5063.4 about +3,531 Ticks
above. The market is moving from a high price to a low
price. It will be a good idea to look for long ideas as long
as the market does not take out the one boundary price
point 4306.3
Entry: Count
Gold Outlook Drop to $2300 to 2023 Yearly OpenLooking at the monthly chart, I noticed a bearish reversal setup forming.
I have seen this pattern countless times. Look for the monthly 20sma to fail and dump back down to the 2023 yearly open.
I marked the range box up high. Try to sell in the upper portion. Look for a bullish month to push up
See all ideas
Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
The current price of Gold Futures is 4,730.7 USD / APZ — it has risen 0.42% in the past 24 hours. Watch Gold Futures price in more detail on the chart.
The volume of Gold Futures is 114.97 K. Track more important stats on the Gold Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Gold Futures this number is 250.51 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Gold Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Gold Futures. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Gold Futures technicals for a more comprehensive analysis.









