GOLD
Gold has rallied due to the spreading of the coronavirus.
And reached 1700.00 historical level
For the past one week its in consolidation phase
The fresh stimulus package from USA will strengthen the USD
We short the gold against USD from 1665 level which is currently a 61.8% Fibonacci level
And the potential take profit will be 1517.00
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In this video, u will learn where u can open accurate entry GOLD ( XAUUSD ). Yesterday I told you that at $1649 it was a good buy place. This idea is for u if u opened buy at that level.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends push the like button if you like the idea - that would be the best THANK...
We still want to see Gold retrace to $1.400 this year.
Now there were a lot of fundamentals that heavily impacted this commodity lately. And pushed the price to new yearly highs, a lot of speculation involved.
Our view remains the same.
We don't see concrete signs of a recession, fed rate cuts are also not concrete, the COVID- 19 news is the only factor of...
Gold to dip & test support of 1563.
From there it could either bounce and continue it's climb or it could gain momentum and continue to fall to levels such as 1556 and 1547.
Thoughts?
Leave them down below and I'll get back to you!
I love discussing strategy! :D TVC:GOLD
Profit-taking on Gold today. The yellow metal is trading at $1555.10, losing 0.60%. Gold price has not been able to rise above the critical resistance level in the $1568 area.
In the Thank "Gold" It's Friday - Weekly Update of Friday 17/01 my advice was:
If you are a side-watcher, do nothing and wait for an exploit above/under the resistance/support level. If...
Last week I wrote that "The high volatility induced investors to profit-taking, thus I will expect the price to consolidate in the next week, eventually recovering some points sustained by new bullish positions for long-term investments. "
We had that consolidation phase, however with further bearish movement on the first day of trading of the week, later...
Potential bullish bounce pattern for Gold.
The buy zone is set where the two resistances cross ($1551).
Target levels are:
$1559
$1562
Stop:
$1548.7
Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties.
Before buying or selling any stock you...
as per previous charts and expectations we r above daily high and made a hew high, so from this point it can drop deep down, or it will be just another correction for medium term up before the big drop .
now on the chart we can see that it retraced barely above 0.236 and im expecting to see at least 0.382 and if that will be all the correction or it will be part A...
An exciting week for Gold that started at $1577.68, it is now trading around $1550 level. After the continuation of the positive trend (touching on Wednesday the second high in the last seven years) due to war fears, the price retraced to $1539 on Thursday. Volatility reached six months peak, as showed by the Average True Range (ATR).
As explained in the linked...
I was discussing with other traders in the Gold Discussion ChatRoom about the high volatility of Gold futures these days. My opinion, as stated in the linked idea, is still bullish. When trading commodities and stocks in consolidation phase or with high volatility, I usually check the "On Balance Volume" (OBV) Indicator looking for a divergence. This indicator...
Gold shows increased volatility (see ATR). However, I still believe it is worth to open a long position. Stochastic Oscillator just touched the over-sold limit and PMO is around zero (usually PMO fluctuates in the -2.5 and +2.5 range).
Geopolitical tensions are driving current price. However, they are just one of the factors that will move Gold in 2020.
...
I'm not complaining but lower production guidance and analyst downgrades aren't adding up in my opinion. But yet it was the top-performing gold stock over the last 52 weeks. Anyone have more insight on this that I might have missed?
"Furthermore, it guided its full-year U.S. PGM production would come in between 590k-610k. This was actually much lower than it...
A bullish flag pattern is spotted for Gold to start the year 2020. The probable upside of this set up is the height of the flag pole which is around 2500-3000 pips. Two buy scenarios can be suggested in this set up. First is to enter buy at the breakout of 1550 level and 2nd is to wait for retracement at 1500 level (SL: 1450, TP: 1750-1800 previous highs of 2012)....
Gold looks like it finished its correction and is ready to go up, the first target is 1520.
First entry: 1472
Second entry: 1469
Stop level: 1455
First target: 1520
Second target: 1533.
Have a good week. Follow to hear more.
![GOLD: [4HR] Gold to dip & test support of 1563.](https://s3.tradingview.com/e/eczaQJM3_mid.png "[4HR] Gold to dip & test support of 1563.")
