Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Hi,
Gold has started to show a bearish price action on the strong area around $1,500
XAU/USD has reached into the pretty strong crossing area which consists of:
1. Parallel channel projection
2. Fibo Golden Ratio 625
3. The round number $1,500
4. Bearish candlestick pattern after the rejection on 4H
5. Different Fibo Extensions
It has some room to go higher...
Good news for gold we break out resistance line of triangle and break out accumulation zone its mean gold come back to big game.
We have interesting situation on world financial market
Some 40% of global bonds are now yielding less than 1%, according to data compiled by...
just a dream~ continue stacking every month ;)
its a multi decade journey...
1975:
-M1: 250
-Silver: $4
2018:
-M1: 3850
-Silver: $14.82
(Ratio: 62.5)
If the price of silver follows the monetary base, we should have a silver price of $61.6 right now.
Gold silver ratio:
As previously expected, gold continued the upward trend. Now the situation has changed, the sentiment and the cyclical picture have changed. Therefore, I begin to wait for an imminent change in the trend to a downtrend to the area below $930. Or, at a minimum, a significant correction is needed in the wave of "Y".
In general, after the breakdown of the blue...
I will eventually start posting weekly videos with the outlook on my 5 favorite trading instruments on which I place around 90% of the deals.
These include: SPX, Gold, Crude Oil, EURUSD pair and the Emerging markets via USDRUB.
If you like what you see, please fell free to hit the Like bottom and leave your comments.
Disclaimer:
By viewing this video you...
A while ago I did a fractal comparison between BTC and gold, because a few people here on TV and me noticed the incredible fractal similarity between the BTC behavior and the gold behavior.
Of course, the timescale for gold is far greater, since gold has a much higher marketcap, thus doing everything much slower.
But in principle, the charts look really...
The chart mostly speaks for itself, but..
My Hypothesis:
Signal 1: The Fed drastically lowers the interest rates. Money supply increases. Stocks inevitably go up due to there being more money in circulation.
Signal 2: The Fed notices the inflation and drastically raises interest rates. Money supply becomes stagnant.
Signal 3: Money supply is stagnant, however,...
Due to fundamental reasons (trade tariffs, sudden currency devaluation of the Yuan and stock market crash) impulse wave 5 of Gold has broken through the blue doted resistance trend-line and is near its ATH (Gold/EUR chart).
However, there are 3 other strong resistance lines:
- dashed violet resistance trend line (currently around €1360.-)
- horizontal ATH...
Munch on them pips with us... everyone is hungry and there is plenty to go around.
Message us if you are interested, after all our trading style is simple and effective as you can see from our charts, we even teach our trading style.
Now price is coming up to such a key resistance level, but we can see it has been respecting a strong trend line and is in a...
Priority: Long
Reasons for open position:
- Buy zone
- Mirror level
- S/L below 1344.1
If you like the idea, please push like and subscribe, it motivates me to post ideas more often.
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a fiat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
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