DXY weakness translates into strong gold and now with fears of dollar losing reserve status and Russia buying record amount of Gold, there is a confluence of indicators suggesting now is a good time to be long gold over the next year or two
Silver's price action has been curious, as it started to drop suddenly right at the beginning of February. Lost 5% in a day, in fact. Gold took a little bit longer to move, and notably dumped on a much smaller magnitude. I have an open call from mid-January that gold is likely to correct, and it appears to be coming to fruition: Gold GC1 - Discard Greed,...
Good news for goldbugs: GC Gold futures is projected to take out $2,000. Bad news for goldbugs: I still believe that both price action and fundamentals are short/medium-term bearish on gold and that this swing will amount to an exit pump before lower prices forecast in the below post are achieved. Gold GC1 - Discard Greed, Enjoy the Tranquility of Rationality ...
Recap on my position on the GOLD (GC) that I have in my portfolio with the physically replicated ETC XAD1 on the Frankfurt stock exchange. From WS Italy: Ole Hansen, Head of Commodities Strategy at Saxo Bank, said: “Overall, we expect a favorable 2023 for the gold market, supported by recession and equity market devaluation risks: an eventual peak in central...
Gold (XAUUSD) broke above the previous peak on February 2, 2023 at 1959.74. It shows a bullish sequence from 9.28.2022 low favoring further upside. A 100% – 161.8% Fibonacci extension from 9.28.2022 low targets 2148 – 2360 to the upside. Near term, cycle from 2.28.2023 low is currently in progress as a 5 waves impulse Elliott Wave structure. Up from 2.28.2023 low,...
On Monday, gold broke above $2 000, making a new high at $2 009.85. Unfortunately, gold erased its gains the next day and plunged as low as $1 934.34. Although this drop did not last long either, and after the FOMC, gold skyrocketed back above $2 000. Currently, it trades near the $1 990 price tag. In the long term, we continue to be bullish on XAUUSD. However, we...
Break out break back in with momentum shift. Failure to make new high and broken trend line. Lets see if it plays out
In this chart I draw the price direction of Gold based only on price action. News of course may either help us cash in fast or throw my analysis out of window but that's the beauty of trading anyway. Good luck
A continued decrease in the value of GOLD is anticipated, which recently experienced a rise from $1620 to $1970 price levels between November 2022 and February 2023. GC shows signs of weakness and is likely to continue to head lower, as indicated by the strong rejection of the $1970 price level. The strategy involves a weak correction upward towards the MSS...
dont pick sell ok? wait for above green arrow + buy pinbar alert= break last high is other buy signal where gold will go ? as predict befor gold upper target is 2400 area ,so be careful from sell if you have old sells,you must close all near 1945 and afte buy pinbar pick buy nd hold it 30 day NOTE= COT data in down is for gold futures (big banks net...
GC is setting up for a great potential move and has even met requirements for a couple different playbook setups. Lets see if GBP strength continues tonight
Welcome . gold market . In very positive condition. With a very strong model. Head and shoulders. And break it with a very positive green candle. There is a lot of pressure from buyers to lift the market. To 1860 levels in the first stage. And the second stage 1870 Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to...
gold can 2-3 day range,zigzag (or little go down) then start wave 2 to fibo61% daily ( dont pick sell,it can go up directly too, gold is very trendy) only under red arrow i show on chart we can pick sell after sell pibar comes ok? (never open reverse position on gold without pinbar (1h-4h-daily) verfy see AC indiator on daily chart ,it is green this mean 90%...
Gold has had a very healthy pullback into a critical zone. Last year it had a significant move down, took out all the lows around 1700, and bounced hard. Despite interest rates and the US Dollar being much higher than 1-2 years ago, Gold has held extremely well. After its rally since its November bottom, it finally pulled back and got into crucial support. To...
Gold is one of those things that has always made humans go mad with greed. There's a deeper reason for this that people can't quite grasp on the surface, but the metal has significant inner meaning for many cultures, families, societies, and belief systems. I've heard over the last few weeks that the Chinese Communist Party has been buying tons and tons of gold,...
GBP strength is in line with our BO setup on momentum. SL below breakout candle
gold break low and this is sell signal (i eat SL) now we must wait for buy in fibo 50% and fibo61% (after buy pinbar come on higher timeframes) note = near 1818 after sell pinbar come you can pick low size sell and hold it until 1788 if you have old buy you must hedge your buys near 1818 (why you dont put SL in last low? eat 100 SL better than margin...