I believe gold is very undervalued, especially for everything going on globally and because of cryptos being the main topic of discussion. My prediction is gold will make new all time highs in the next few months and if crypto crashes in the next few months will make it even a stronger analysis.
June 2021: May see the beginning of the end of the London Bullion Market Association
The London Bullion Market Association (now known simply as LBMA), established in 1987, is the international trade association representing the global Over The Counter (OTC) bullion market, and defines itself as "the global authority on precious metals".
There will be a...
In a series of ascending wedges...green line represents the long average. I think we hit the end of the current triangle and with no gold news, continue in this .225 - .27 range. If gold gains some traction, along with the recent deal with backing from Palisades (that the market seems to have mixed feelings about), we could see GG pushing back into the .32 range....
GOLD has now almost reached the resistance cluster
After the retracement from the support
Therefore, I am bearish biased
And I think that there is a high probability of the gold going down
However, IF gold breaks above the resistance
Then we will see a strong bullish move
So be careful!
ENTRY : 1729
STOP LOSS : 1744
FIRST TAKE PROFIT : 1720
RISK : 1% CAPITAL
Once first take profit target is hit i will close half the position. We will then hope the remaining position continues to trend. As we have more information i will follow up with an analysis on remaining open position.
Please feel free to comment and discuss.
If you like this idea or...
☑️GOLD is trading in a local bearish trend
And we saw a pullback from the daily key level
But now, gold is retesting the resistance confluence
And I think it will fall down
To retest the support key level below
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Hi i have another premium setup here on COMEX:GC1! .
In my last analysis i pointed on demand area where i expected bulls come in. it happened yesterdey successfully and price rejected lower levels below $1680. So now its tto long play on gold. My long setup is higlighted in chart.Target level is next potential supply zone at $1760 - $1780 level.
You can aplly...
Gold prices are pushing down by rising 10y Yield and USD strengthening. After last week selloff GOLD closed below demand zone at 1754.40 so i expect further drop this week to the next demand zone and to retest lower line of falling channel at 1667
It took nearly 2 years to recover from the shock of the 2008 crisis. Then started the epic bull run in Silver. Big green candles and nothing else. The shock due to covid-19 was comparatively short-lived. Going by that analogy, the next bull run is standing at our doorstep. What we saw in August was most likely a trailer. And if we believe that we are about to...
You must be aware of the recent significant rise in the long-dated US treasury yields. If this continues, the US Federal Reserve will find it very difficult to dismiss the combined risk of inflation and volatility. The excessive risk-taking by the governments and the banks, backed by the massive liquidity injection is supporting the markets. But that cannot be...
Strong upward pressure continues for silver. Silver bullion is scarce and the futures market is just now catching up. If you look at price of actual silver you will see why I say 34$ by march.
Its possible price will break through and move even higher to 37$ or 40$.
The public opinion of stocks and bonds being reliable securities is dwindling. People are...
☑️GOLD is trading in a range between horizontal support and resistance
And now it has reached the support level again
Therefore, I suggest a simple and reasonable long from support
With the final target being the horizontal resistance
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Gold is trading in what seems to be a bear flag pattern
Therefore, it is possible that after trading in the flag for a while more
We will see a breakout down and a fall in gold price
So that it retest the horizontal support
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Everyone was long Gold yesterday
But the market decided differently
And we are seeing a MASSIVE drop
However, a new support is near
And is formed by a confluence
Of horizontal and falling support lines
I will go long from there
With the final target being the double top
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GOLD experienced correction from resistance
Just as I predicted yesterday!
However, Gold is in the uptrend
And I am looking for a long now
The strong demand area is a little lower
So I expect Gold to maybe go a bit down
There, I will BUY Gold
Fist target=nearest resistance
Final target=dotted line