Precious metals have been performing very well over the past couple of months, price does not move in a linear fashion so do we careful near term as the risk of a pullback is rising.
Gold's main driver is real interest rates inverting, monetary policy plays a key role in determining the path forward for Gold. In order to figure out the central bank's actions we really need to focus on the business cycle!
Yesterday we provided an update on gold with the potential for price to re-test the $1320 highs before continuing higher. Price on the 1hr chart formed a double bottom and price has since pushed higher forming a higher high. If the daily trend is going to continue we will expect to see price head towards the key $1350 resistance level.
First video of my technical analysis for Gold. Again this trade will only be entered with confirmation. I'll post a snapshot of how the trade works out if i enter. Discipline is keyy!
In this video update, we take a look at GOLD and how the weekly closing as a bearish inside candle at key resistance. Looking to the 4hr chart we can see price breaking lower if we can get a close below the previous weekly low, we could expect further downside towards $1290.00 to $1270.00.
OANDA:XAUUSD Notice how the resistance level aligns with the 61.8% fibo retracement? I will be looking for a buy signal within the 1296 - 1301 range More details to follow!
Bringing you very important factors to be aware of if you are planning trades on safe havens!
My previous call was very optimistic but damage has been done. My view of market has flipped and the trend has changed!
Nobody or very few people have been looking at Silver. Why? Everybody is distracted by Bitcoin and GBP pairs at the moment. In the screencast I show that Silver is ripe for a controlled loss. Oops.. nobody wants to hear about losses - right? I'm stalking this one carefully - having been distracted and missed Palladium. Silver is pretty cheap at the moment....
Gold Has seen some whipsaw action over the past few weeks. With futures trading lower and lower, the FOMC meeting on thursday, Can gold continue its downside move into 1200 per oz? XAUUSD GLD UGLD JDST GOLD
hey guys hope you doing well i am sharing my views with you for gold its just for educational purpose i am bullish
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!