Gold (USD) daily- $1,800 and $1,923 target levels.
The highest that gold price has ever closed on a monthly basis was $1,831/oz in August of 2011. If traders can close June out above $1,773/oz this will be the second highest monthly closing price for gold on record. Gold is moving higher because trillions of dollars are being printed and gold is a store of value, used to protect wealth during times of...
XAUUSD/BTCUSD currently in a macro grindline, which is bearish. Gold could outperform BTC or trend sideways for a bit but in the macro, it will take more Gold to purchase 1 BTC Buy Bitcoin & Buy Gold!! ....just buy more Bitcoins than Gold
Have a great day
Nice Wedge formed weeks ago along with spot prices in XAUUSD
Short $GC_F 1760.1 SL 1788.8 (-1.6%) TG1 1591.4 (+9.58%) TG2 1521 (+13.9%) >>Timing June 30, 2020<<
Providing update to my previous chart. Gold has now completed an inverse head and shoulders pattern and we're expecting the bullish momentum to continue.
GLD is now in play for the bulls if they want to drive a strong breakout following nearly three months of constructive lateral consolidation activity. Spec interest is still light, according to CFTC data. So the crowd will likely chase new highs.
Out! Out of a triangle as expected, Gold broke out just today, having gapped up (on the futures GC1!) as well. It is an all systems go with very nice technical support from the ATIS system Buy signal upon breakout, as well as MACD crossed up and crossed over into the bullish territory. The 55EMA had been bounced off, as well as it is trending upwards...
GLD - 2 months of consolidation leading to expansion, after June 19th jerome powell speach. I saw options July and Sept call flow for GLD, NEM, GDX and SSRM. If Gold futures closes over $1750, that would be confirmation of uptrend. The FED will keep inflating market, also Hedge funds are fully vested into markets as well. Seasonality - charts.equityclock.com
I know a lot of people are bullish on gold because—alongside other precious metals and Bitcoin—it is the obvious play against the expectation of inflation stoked by the vast, worldwide central bank increase in the supply of money. But, there are a few points I want to make. Technicals: I haven't been particularly happy with many of the charts I see people...
Gold (AUD) daily- Uptrend from early still intact and recently confirmed.
watch 4hr and day charts for moves to 1730-1767
Watch for moves outside the Fib ranges! Add to your Buy & Hold plans...
Wait for the low below the Kumo Cloud (Ichimoku) then buy for later today. Highs Monday GL! #buythedip