Could we see more bearish movement before price decides to push up? At the moment it is looking like it as price broke through 1950 support and came back up to test it as resistance before pushing down again.
Now i have 2 key support levels marked on my chart i will be watching carefully, the 1st support level has already been tested today and acted like a...
July's break of the weekly range since September 2018 saw a new ATH for gold. Bear slammed down to test weekly range at 1865 zone and it was respected magnificently, strong signs for bull continuation at this level. Below 1823 would invalidate the break upwards and see gold scuba-diving for a new low support. Strong signals from my end for phoenix flying to new...
Gold continues to go down. So far we can see a possible strong support towards 1815 area. If gold was able to fly with enormously these past few days, it can also go down quite as quick.
This is just my personal analysis. Not a trading advice. Trade at your own risk and use SL.
The rise in gold is being driven by many deep market factors. There is a strong drive to industrialize by all nations, there is a space and technological race developing between nations, also covid is accelerating this trend with fiscal stimulus from all nations. New (millennials) and life long value investors (Baby Boomers) are converging in a self supporting...
Fed funds rate is 0.1%
Gold is a real yields play not a nominal rates play.
Gold made a 3 sigma move due to US10's yield rising >0.6%
Technically it's a buy at H4 S/R.
Long term uptrend whilst fed is capping rates and expanding its balance sheet.
Take some profit off at last R/S
Looking really for the high.
Entry was on M15
The fib tool has been changed...
Just a couple of days ago, Gold hit a high of 2089, and then it appeared to have capitulated for a short and brief period below 1900. This has very deep technical implications and I was asked if I would see gold at 2000 again, and importantly... when.
So, in an attempt to check out the technical bull and bear potentials, and despite requiring more time for Gold...
This is a technical overview that doesn't include the fundamental aspect of the upcoming U.S. stimulus package vote. While that event can have a largely unexpected outcome, we can formulate a careful medium term strategy based on what technical levels Gold brakes.
The 4H chart has just turned bearish (RSI = 42.679, MACD = 5.420, ADX = 37.414), after being...
Let's face it. Gold is not slowing anytime soon. If it was going to have a major pullback, we would have seen it a long time ago. It's currently in the resting phase. It sold a lot and very quickly. Look for gold to take a little break this week. Slowly hitting many the stair steps that it did on its way up the same way back down.
Currently forming a descending...
I Personally don't believe the price of Gold is linked to inflation or the recession.
However, you might. So let's see if this reasoning holds up to scrutiny.
Let's see if selling at 2k makes sense.
It happened in the past, there was a recession and then the price of Gold spiked to 2k and then it crashed, so it will happen again.
In my last post I didn't go in depth into the company and what differentiates them from everyone else.
Their business has not been impacted by the coronavirus like other gold miners. It has not slowed down it's operations (see their website for more details).
KGC has gained 89% while the industry as a whole has only risen by 49.2%. Having gone relatively...