Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
A comparison between 3 periods:
Last 50 yrs Dow +5793%, Gold +5,828%.
Last 20 yrs Dow +413%, Gold +717%
Last 3 yrs Dow range, Gold up
With inflation still in play and likely a recession this year, between gold and equities, who will continue to have more upside potential?
CME Micro Gold Futures
Minimum fluctuation
0.1 = $1
1 = $10
10 = $100
100 =...
Gold will have some weakness in the coming weeks, however it should find support around $1830/oz.
I would imagine the price will hover around this area for another couple of months, until a final breakout towards the end of the year.
The false breakdown we have just witnessed is incredibly bullish and therefore I am extremely long.
Currency Pair : GOLD
Possible direction : Bearish
Technical Analysis : On the market opening, GOLD has formed a strong bearish price action with long bearish engulfer on the 4h. As the previous week we have seen a strong reversal, this week we could see trend continuation. On the test of the 20EMA, which also turn resistance of the previous support may give us...
According to my analysis, gold price will go SHORT in the coming days. The support level 1828 match perfectly with fibonacci ret. and 2 things support my analysis.
1- Moving averages crossed each other down.
2- price sagged below the moving average.
If price breaks the resistance and make pullback with bearish engulf candle or if price reaches the moving...
Gold is currently trading at $1873, forming an inverted flag pattern in the 4 hour time frame. In the past 4 hours, gold prices have been trading within a range of $1866 and $1884, with a slight downward bias as evidenced by the inverted flag pattern.
The inverted flag pattern typically signals a continuation of the current trend, given the low levels of...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
There are two assets being the best hedge against inflation, they are stocks and commodities, especially the precious metals.
How are they performing so far? Who is the real winner and how about if inflation persists, between stock & precious metals who will perform better in the near and further future, and why?
Content:
• Their performance in the last: (who...
Intraday Analysis - ( 6 FEB 2023 )
Follow up from yesterday analysis , buys were short lived during london session whereby we managed to bag a small take profit. Followed with sells during NY session right back to retest its lows again. However with failure to break the lows, im looking for gold to retest greater sell side liquidity as marked above for shorts....
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
