GOLD/USD LONG-TERM,HUSHING ALL THE NOISE,what do the charts say?
Now, obviously, gold as every other asset is affected by the all the kind of news that the media discloses. But looking in the 3-5 year span, it's impossible to predict what sort of news will be around, so we'll just assume for now, that it would be a zero-sum game(no gain or loss from news).
However, I'll just mention the current strong trends happening with regards to trade, interest rate and inflation(the biggest factors affecting the XAUUSD).
-Under Trump, we've seen 3 things so far, and there's more than enough indicators pointing that to that these trends will continue:
1. Higher and Higher interest rates
2. Decreasing unemployment/Increasing inflation(these are highly correlated)
3. Tough stance of trade, recent tariffs(which I think he's using in order to raise money, that is missing from the last tax cuts). Lower trade, that usually equals to lower economic growth, since it's a fundamental idea in economics that no one benefits from trade wars for obvious reasons.
All of these factors are pointing to, somewhat of an highly heated up economy that is about to cool down. In any case most of the major economies, are way way overdue for a recession, in which gold value will undoubtedly benefit from.
Note: This is just a preliminary draft of this idea, for now I am waiting for the outcome of the ascending triangle(noted on the chart), but I will continuously update this idea in due time.
Disclaimer:
//This is not a buy or sell sign, you decide what to do with your own money!!//
If you liked my take on gold, and/or other market, comment your thoughts, agree or follow for more interesting ideas, as always, much appreciated, cheers!
However, I'll just mention the current strong trends happening with regards to trade, interest rate and inflation(the biggest factors affecting the XAUUSD).
-Under Trump, we've seen 3 things so far, and there's more than enough indicators pointing that to that these trends will continue:
1. Higher and Higher interest rates
2. Decreasing unemployment/Increasing inflation(these are highly correlated)
3. Tough stance of trade, recent tariffs(which I think he's using in order to raise money, that is missing from the last tax cuts). Lower trade, that usually equals to lower economic growth, since it's a fundamental idea in economics that no one benefits from trade wars for obvious reasons.
All of these factors are pointing to, somewhat of an highly heated up economy that is about to cool down. In any case most of the major economies, are way way overdue for a recession, in which gold value will undoubtedly benefit from.
Note: This is just a preliminary draft of this idea, for now I am waiting for the outcome of the ascending triangle(noted on the chart), but I will continuously update this idea in due time.
Disclaimer:
//This is not a buy or sell sign, you decide what to do with your own money!!//
If you liked my take on gold, and/or other market, comment your thoughts, agree or follow for more interesting ideas, as always, much appreciated, cheers!
Comment:
Alternative view/pattern.
Alternative view/pattern.
Trade active:
Buys in at:
@1240.12(about lowest it went and lowest I think it will go(in asks)
@1241
@1240.09
@1240.38
Initial buy in, rest is left for the 1.00% return around 1237.
-Happy Trading-
Go, Go gold!
@1240.12(about lowest it went and lowest I think it will go(in asks)
@1241
@1240.09
@1240.38
Initial buy in, rest is left for the 1.00% return around 1237.
-Happy Trading-
Go, Go gold!
Order cancelled:
Been a long time, last trade was successful. Here we go again.
Comment:
1160. 1.62 Ret. fibonacci support level, reached. Expecting a mild uptrend, however, 1120-1130 should be the end target.
-Happy trading-
1160. 1.62 Ret. fibonacci support level, reached. Expecting a mild uptrend, however, 1120-1130 should be the end target.
-Happy trading-
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Same could be said for silver.