{"id":111759,"date":"2021-01-20T09:00:00","date_gmt":"2021-01-20T17:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=111759"},"modified":"2021-01-22T23:42:58","modified_gmt":"2021-01-23T07:42:58","slug":"market-outlook-2021-gold-futures","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/futures-market\/market-outlook-2021-gold-futures\/","title":{"rendered":"Market outlook for 2021: Gold futures"},"content":{"rendered":"\n<div style=\"position:relative;height:0;padding-bottom:56.25%\"><iframe class=\"sproutvideo-player\" src=\"https:\/\/videos.sproutvideo.com\/embed\/449ddeb11812efc9cd\/672980ae4df72eae?playerTheme=dark&amp;playerColor=\" style=\"position:absolute;width:100%;height:100%;left:0;top:0\" frameborder=\"0\" allowfullscreen=\"\"><\/iframe><\/div>\n\n\n\n<p><em>Video duration 7min 33sec.<\/em><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Market outlook video reports for 2021:<\/h4>\n\n\n\n<p><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/market-outlook-2021-bitcoin\/\" class=\"rank-math-link\">Market outlook for Bitcoin<\/a><br><a href=\"https:\/\/www.brookstradingcourse.com\/futures-market\/market-outlook-2021-bond-futures\/\" class=\"rank-math-link\">Market outlook for Bond futures<\/a><br><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/market-outlook-2021-crude-oil\/\" class=\"rank-math-link\">Market outlook for Crude oil<\/a><br><a href=\"https:\/\/www.brookstradingcourse.com\/futures-market\/market-outlook-2021-sp500-emini\/\" class=\"rank-math-link\">Market outlook for S&amp;P500 Emini<\/a><br><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/market-outlook-2021-eurusd-forex\/\" class=\"rank-math-link\">Market outlook for EURUSD Forex<\/a><br>Market outlook for Gold futures<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Video transcript<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Introduction: Market outlook 2021 gold futures<\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"265\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/01\/Gold-Futures-Image.jpg\" alt=\"Gold Bars and Futures Chart. Market outlook 2021 gold futures.\" class=\"wp-image-111771\" title=\"\"><\/figure><\/div>\n\n\n\n<p>Hi, everyone. I\u2019m Al Brooks. Thank you so much for your attention. At the end of every day, I look at charts to try to get an idea about what to expect for tomorrow. <\/p>\n\n\n\n<p>I do the same at the end of the week, the end of the month, and now at the end of the year. This is the New Year\u2019s Day weekend, and I made a series of charts to create videos to give my thoughts about what to expect for major markets in 2021. I made six different videos \u2013 Emini, the bond market, the Euro versus the dollar Forex market, gold, crude oil, and Bitcoin.<\/p>\n\n\n\n<p>Now, I want to add a disclaimer up front: with every additional tick that we see, the outlook changes. I\u2019m giving you my perspective as of right now, the start of 2021. I hope that you find the information useful.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Gold futures market outlook for 2021<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Monthly chart for gold futures<\/h2>\n\n\n\n<p>Here\u2019s my take on gold futures for the coming year.<\/p>\n\n\n\n<p>This is the monthly chart of gold. We had an extremely strong rally here. We had a spike down and a channel. We broke to the upside, a bull breakout of the bear channel. We have a Double Bottom bull flag and we\u2019ve been rallying since.<\/p>\n\n\n\n<p>A bull breakout above a bull channel. A Parabolic Wedge Top and a reversal, and we have a Parabolic Wedge Top and a reversal here as well.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Parabolic Wedge Buy Climax<\/h3>\n\n\n\n<p>When you have a Parabolic Wedge Buy Climax, it\u2019s pretty common to get a Trading Range, and the bears hope for a reversal down, and the bulls hope for trend resumption up.<\/p>\n\n\n\n<p>Here we had a Double Top Lower High, a bear breakout, and more than a Measured Move down. Are we going to get the same thing here? I don\u2019t know. We had a High 2 bull flag \u2013 High 1, High 2 \u2013 but instead of going up, we went sideways and then eventually went down. Now we have another High 2 bull flag \u2013 High 1 and High 2, a High 2 buy signal bar. The bulls hope that we just continue up. Bears hope that the reversal fails and we go sideways and then down, like we did here. I do not think that\u2019s going to happen. We may go more sideways, we may go down a little bit, but I think gold is going higher. This looks like a resumption of the bull trend and not a bull leg in a Trading Range, and therefore we should get above this high.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Bull trend resumption<\/h3>\n\n\n\n<p>So why do I think this is different from that? Because I think this is a resumption of this bull trend, and not a leg in a Trading Range. The bears hope this is a leg in a Trading Range and that we form a Double Top. I think it\u2019s more likely that this is strong enough to be a resumption of the bull trend, and therefore I think we\u2019ll get well above this high.<\/p>\n\n\n\n<p>High 2 bull flag like here \u2013 here it failed and we went sideways. Here, I don\u2019t know if it\u2019s going to fail. I do think we\u2019re going up here, but we may go sideways more before we go up there, and we may even go down before we go up. But chances are we\u2019re going up.<\/p>\n\n\n\n<p>The bears are hoping that the rally stalls and we go sideways, like this, because once they have a Trading Range they have a 50% chance of a reversal down. Right now they might have a 30% chance of a reversal down, but if they can get the market to go sideways for a number of bars, they\u2019ll have an increasing chance that the rally will fail, and that we\u2019ll go back down.<\/p>\n\n\n\n<p>The more bars the bears get in a Trading Range, the more the probability of a reversal down goes up. And if you have 10 or 20 bars in a Trading Range, the probability of a reversal down like this will go up to 50%.<\/p>\n\n\n\n<p>Very strong rally. Second leg up was likely. Instead we got second leg sideways \u2013 one, pullback, two \u2013 and then we got a deep selloff. I think this is a bigger second leg up from this. This is so strong, you expect a second leg up. This could\u2019ve been the second leg up. I think instead what we got was a deep pullback and a bigger second leg up, and I don\u2019t think this second leg up is going to stop here. I think we\u2019re going to go higher.<\/p>\n\n\n\n<p>This is also strong enough for a second leg up. Will we get a Lower High for the second leg up, second leg sideways and then down? I still think this looks more like a resumption of a bull trend, than it does like a leg in a Trading Range, and therefore I think we\u2019re going higher.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Weekly chart for gold futures<\/h2>\n\n\n\n<p>Weekly chart. We\u2019re breaking above the top of a bull channel and we\u2019re reversing. We have three legs down \u2013 one, pullback, two, pullback, three. A Wedge bull flag. You\u2019d expect a couple legs up \u2013 one, pullback, two. However, this is also a Wedge \u2013 one, two, three. You\u2019d expect a couple legs down, and it\u2019s possible that this is one, pullback, two. So we don\u2019t know if this is the extent of the correction from this Wedge rally, or if we\u2019ll get a bigger second leg down. It\u2019s possible that this whole thing is a first leg down and that we bounce for a couple legs and then get a bigger second leg down. We don\u2019t know yet. We need more information. But whether or not we go sideways to down, chances are we\u2019re going higher.<\/p>\n\n\n\n<p>We have a Wedge \u2013 one, two, three. You\u2019d expect a couple legs in the opposite direction \u2013 one, pullback, two. But we have this bigger Wedge, and it\u2019s possible that this is one, pullback, two. So we still may go down to this low or this low before we go higher. But in either case I think we\u2019re going higher.<\/p>\n\n\n\n<p>And that is my take on gold futures at the start of 2021.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Concluding comments<\/h2>\n\n\n\n<p>This is what I mean. So if we do sell off, we\u2019ll probably form some kind of a Double Bottom. Could be a Lower Low Double Bottom. But chances are, because the monthly chart is so bullish, no matter what we do here over the next several weeks, several months, we should go higher.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Close<\/h3>\n\n\n\n<p>Again, I\u2019m Al Brooks. Thank you so much for your attention. I hope that you found some of this information useful. I want to wish you the best for the coming year as a trader, and I also want to wish you and your family a very wonderful 2021.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Video duration 7min 33sec. Market outlook video reports for 2021: Market outlook for BitcoinMarket outlook for Bond futuresMarket outlook for Crude oilMarket outlook for S&amp;P500 EminiMarket outlook for EURUSD ForexMarket outlook for Gold futures Video transcript Introduction: Market outlook 2021 gold futures Hi, everyone. I\u2019m Al Brooks. Thank you so much for your attention. At [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":111772,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[115,136,241],"tags":[322,321,160],"class_list":{"0":"post-111759","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-futures-market","8":"category-analysis","9":"category-video","10":"tag-futures-market","11":"tag-market-analysis","12":"tag-video","13":"entry","14":"override","15":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2021\/01\/Gold-Futures-Featured-Image.jpg","author_info":{"display_name":"BTC Admin","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/richardhk\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/111759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=111759"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/111759\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/111772"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=111759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=111759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=111759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}