Potential outside week and bullish potential for AUEEntry conditions:
(i) higher share price for ASX:AUE above the level of the potential outside week noted on 23rd February (i.e.: above the level of $0.795).
Stop loss for the trade would be:
(i) below the low of the outside week on 23rd February (i.e.: below $0.685), should the trade activate.
Aurum
GOLD - XAUUSDLocally, the XAUUSD price broke through the downtrend lines. Now we are near the first resistance of 1900. The next liquidity level is near 1950.
Many experts believe that the price will move sideways until geopolitical tensions subside or until the FED raises interest rates. However, even if rates start to rise with high inflation - the real interest rates are likely to be negative. Therefore, they believe that gold will remain attractive as a defensive asset.
Rising gold = a traditional harb
GOLD XAUUSDIt's Monday, and I won't be opening positions today.
Globally, after the upward momentum and the historic highs, we are now in a sideways move, either a correction before another move up to 3000+ or a top formation. I like the first option better.
Locally
However, we can see that we have broken the resistance line but are coming back under it to gather liquidity from those who trade resistance line breakdowns. I'm looking at the yellow box above, which shows the liquidity we will take after a m
XAUUSD / GOLD WEEKLY TECHNICAL ANALYSIS - MAR 23-28GOLD PRICE ACTION APPEARS TO BOUNCE BACK OVER THE PRICE OF 1515 BLOCKED BY THE LONG TIME RESISTANCE, BEARS TENDS TO TAKE CONTROL THIS WEEK , DUE TO FUNDAMENTAL REASONS TOO .. IT MOVES DOWN,
NOTE - USE SMALL POSITION , DUE TO HIGH VOLATILITY IN THE MARKET
GOLD tight above the Mirror Level!The price tight above the Mirror Level 1649.0 and if we will see a breaking down it can be a nice opportunity.
But be careful today because the price moved more than 1 ATR. That's why it will be better to look for this trade tomorrow.
The potential target is near $1611.0.
Good luck!
Dear followers, the best "Thank you" will be your likes and comments!
Before to trade my ideas make your own analysis.
Thanks for your support!
LONG / buy dip for this precious metal; GOLDAssalamualaikum and hye !
Looks like GOLD has completed wave i. Now assuming the wave ii is forming right now, it is best we can do to wait for its completion. Or simply wait for clear breakout to continue long for this trade.
Our strategy:
1) By speculating price stay above our invalidation price @ 1535.756 , we buy dip
2) Or wait until complete wave ii and clear rejection price upwards before entry buy
I hope you get some ideas.
Thank you for reading, Good Luck !
GOLD: Thermometer of World Economic Sentiment (II)Hi Guys,
the narrative of this post is the same applied to my post dated April 13, 2019 (below)
Financial Crisis have driven Gold price up. CBs around the world have responded by implementing policies aimed to stabilize the financial System.
The run started after the collapse of investment bank Lehman Brother when Gold retraced from 1032 to 730 in 2008. It took three years to get to 1920, then...profit taking in Sept.2011!
In 2012 skepticism was surrounding the policies implemented by CBs an
Gold is cruelHi Guys,
It's Dec.24th, Christmas Eve, and Gold has just crossed the descending trendline of the following chart ( Click & Play it to watch it unfold )
The breakout have written "buy me" all over it. It could easly climb back above 1500 considering the current bullish outlook. There is no doubt that such a move will attract lots of buyers aiming for highs above 1560.
I was expecting a drop in Gold when US and China announced Phase One of the Trade Deal on Dec.13. I was bearish on Gold when U
Gold: Just a snapshotHi Guys,
just a snapshot.
Interesting to see how differently Gold reacts to FED policies.
At the end of 2015 FED started hiking (Gold in 2016: www.kitco.com)
In 2019 FED made three cuts.
But in both occasions Gold always made a run. This is because Gold react on the impact that FED policies have on the economy and especially as an INSURANCE POLICY vs impact of rising tensions between US and China.
Whilst rates hike were seen as negative or dangerous for the economy in 2016, now rate cuts a
Gold: just an optionHi Guys,
here just some thoughts. With US equities in Christmas Rally mode I am not confident the descending trandline will be crossed. However, since Gold is a commodity and not only a safehaven, maybe the chances are higher then I'd expect.
TO NOTE STRONG RESISTANCE AT 1480 (last week Gold was rejected 5 times at this level, one for each day of the week)
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment
Gold: week ending just some infosHi Guys,
At the end of last week risks such as Brexit and US China deal faded but Gold didn't react as many were expecting.
Gold has been ranging between 1474 and 1480 since Mon. Two fake breakouts occurred on Wed and on Thu.
The 20BB tries to capture this week's range inside above levels.
If we consider that Gold reached 1550 with FED cutting rates I do not expect price to aim above in the short term, whilst I do favour an extension of the correction.
However ths is not happening desp
Gold: Recap from NovemberHi Guys,
the situation is the following.
On Nov.7h Gold breached support at 1479/80 (light blue bold horizontal line). The break was favoured by a big Gap-Up in US stocks, prompted by growing optimism in respect of US-China Trade Deal as detailed in the following idea posted on Nov.9th (Tradingview did not allow for this idea to be public because timeframe is 5 minutes).
If it was for me all ideas should be public regardless timeframe.
Apex of this optimism was reached when news came out
GOLD vs SILVER vs GOLD/SILVER RATIOHi Guys,
just some infos.
Following surprising NFP datas today, silver has fallen below B whilst Gold/Silver ratio has run above.
Gold instead remains above B.
Does it mean that Gold will soon follow Silver? I don't know...I am asking. Lol
Here a link to the explanation provided by Investopedia in respect of the Gold/Silver Ratio: www.investopedia.com
And here an idea posted some time ago with some snapshots:
For additional infos about Gold please refer to the related ideas linked at the
GOLD: what if...Hi Guys,
uncertainties over a US China Trade Deal by year end formed a double bottom in divergence with RSI that favoured the pullback from D into descending 200SMA and on upper band of the 100BB. To note that this encounter between BB and SMA occurred when sentiment was overbought.
A similar formation occurred few weeks ago when B was forming. Here the idea posted at the time:
The pullback from B retraced 0,382 Fibo of AB before receiving the push down by the 100SMA to from D. Is the 200SM























