Gold and SPXIf SPX is getting ready for final leg down, Gold did well during same in 2000 and 2008by mpkalapala0
GOLD FUTURES!!!BUY GOLD TO 1950. if you have any questions do not hesitate to contact me.Longby elmehdisaddatiUpdated 9
Gold pumping up to $2,138 due to the banking collapse in AmericaRounding Bottom has formed on the daily. This was a shock to technical analysts as we saw a struggle with gold over the last 2 months to $1,818. 7>21>200 -Bullish The price failed to break below 200MA showing strong demand and buying. RSI<7- bullish Target $2,138 Now we've seen a number of banks collapse from SVB, Silvergate (crypto) Credit Suisse and Republic Bank. And there are now signs that there is contagion which could lead to another 10 - 100 banks to fail as well. There are a couple of reasons I can think of for the push up for gold. #1: Confidence in the financial system If big banks in America collapse, it can shake confidence in the financial system, leading investors to look for a safe haven asset like gold. #2: Inflation The collapse of big banks can lead to inflation as the government may print more money to support the economy. This can increase the demand for gold as a hedge against inflation. #3: Economic uncertainty The collapse of big banks can create economic uncertainty. This can cause investors to seek the stability and security of gold. #4: Panic buying and protection The collapse of big banks can lead to panic buying of gold as investors rush to protect their assets. Once again this leads to gold being the safe haven asset to go to, which will push the price up. Longby Timonrosso2
the golden point today on gold!!!trade with positive mathematical expectency. if you have any questions do not hesitate to contact me.Longby elmehdisaddati2
GC1! Gold ChartGold going parabolic, but I think it has one more leg next week. The orange line is the March 2022 Ukraine war peak. So basically I'm saying gold hits the top again. Posting because of one of my followers.by hungry_hippo121215
long position on GCMy strtegy is based on price action with the reading of certain indicators that I like whilerespecting all the values that define the stock maketLongby batchangoyves2020
Gold (weekly chart update) I'm targeting gold at $1985 in USD by 4/3/23. Steady positive accumulation and on trajectory, although I don't expect the target to be linear (some summertime pullback is possible). I expect the P&F target to be reached in the fourth quarter of 2023. by UnknownUnicorn13101332
Gold gets a safe-haven bid as banks shake confidenceFinancial markets were sent into a tailspin on the news of Silicon Valley Bank (SVB) imploding. Despite the decisive moves by the Federal Deposit Insurance Corporation (FDIC)1 and the Federal Reserve (Fed)2, market confidence has been shaken and we have witnessed a flight to safety. Demand for government bonds have risen sharply, driving the yields on 10-year US Treasuries down from 4.0% on 9/3/2023 to 3.4% (16/03/2023). In tandem, gold prices have risen 6.6% in the past week (9/3/2023 to 16/03/2023). The speed of gold’s moves indicates that the flight to safety has not been obstructed by any broad-based liquidity issues. Very often in the initial phases of financial market stress, investors sell gold to raise cash to meet margins calls on futures positions in other assets or for other liquidity needs. The current crisis appears different in that there are no visible signs of panic gold selling and that could be indicative that the stress in certain parts of the banking sector are idiosyncratic. Nevertheless, investors have been reminded that unexpected events occur with greater frequency than they hoped and have sought to rebuild defensive positions that will help to hedge against further turbulence. Credit Suisse concerns add to investors desire for defensive hedges The Credit Suisse debacle unfolding quickly on the heels of SVB highlights that when confidence is shaken in one part of the banking sector it can easily spread. All banks, deposit takers, brokers and lending institutions with weak metrics are under the microscope. A liquidity life-line offered by the Swiss National Bank on 16/03/2023 has allayed markets fears for now, but we believe that investors are likely to continue to seek defensive assets in this time of uncertainty. Either tightening or losing monetary policy could be interpreted as a policy mistake. Gold is there as a hedge. The European Central Bank (ECB) raised interest rates by 50 basis points on 16/03/2023, marking a bold move given the fragile state of market confidence. However, blended with dovish commentary, markets are expecting less rate rises in the future and believe the 50 bps hike was delivered only because the ECB felt like it had pre-committed and any smaller hike would signal conditions are worse than what the market has priced in. The Euro appreciated against the dollar and the Dollar basket depreciated, providing further support for gold in Dollar terms. While the jury is out on whether the Federal Reserve will pivot its monetary policy early (note the Federal Open Committee meeting is on 21st and 22nd March), investors are seeking to protect themselves with hard assets. If the Fed doesn’t soften its hawkish stance, it risks transforming a bank liquidity issue into a recession as risk appetite and confidence has been shaken. If the Fed does act either by terminating quantitative tightening or prematurely ending the hike cycle, the central bank’s monetary largess will linger for longer. Either way, gold is likely to benefit. Gold tends to do well in recessions and is seen as the antithesis to central bank created fiat currencies. Gold gains are well supported We therefore expect gold to hold onto the past week’s gains in the is time of turbulence. The key short-term risk for gold at this stage is not market confidence recovering quickly, but a broader market meltdown that could drive gold selling to raise liquidity for meeting other obligations (such as margin calls). In that scenario, gold is likely to recover in time as other investors will buy the metal to shore up their defensive hedges. Sources 1 The FDIC provided more than its usual $250,000 insurance on deposits. 2 The Fed created a new liquidity tool - Bank Term Funding Program (BTFP) - offering loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral.by aneekaguptaWTE1
GOLDM1! Price DropsGold Mini Futures looking bearish at the hourly chart for a close support 57408 with a potential to go further down to the 56319Shortby Khiwe1
XAUUSD Market ViewThe price movement approaching the resistance area with decreasing liquidity indicates a reduced enthusiasm of market participants to buy. This is also supported by the decreased concerns caused by the Silicon Valley Bank & Signature Bank incident. Therefore, it can be concluded to prepare for a selling position.Shortby ESA_MAHANANI114
Gold tradeHere is your roadmap of Gold futures (April) entered on Thursday which had me in a favoutrable position for Fridays move. But from I see we will need to test the 50% at least taking this up to 1922, please note the major range has a resistance point in the same area.Longby BoccaLupoUpdated 1
The 3 Dimension Trading / Investing 3D Investing or Trading = Technical Analysis + Depth Analysis Depth Analysis: • Macro analysis or / and • Micro analysis or / and • Other analysis See the following video "3rd Dimension Analysis" link for other analysis. Many use either technical or fundamental analysis alone in their research work, I observed they likely to struggle with confidence to make the entry judgement call. We can develop a greater confidence in how we time the market by combining TA + FA. 3 types of gold for trading: • COMEX Gold 0.10 per troy ounce = $10.00 • E-mini Gold 0.25 per troy ounce = $12.50 • Micro Gold 0.10 per troy ounce = $1.00 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Longby konhow3
Bearish in GoldSee on Chart friends. It's look like pyramid. 1st starts with upper high 1-2-3-4-5.. Then big spike in Gold.. But after that, look like pyramid angle.. If i am not wrong, then very soon Gold comes down till 53900-52000.. But yes yes.. not close above 56200-57200..Shortby SJ2409Updated 8
Risk off sentiment but Gold is overextendedGold formed a double bottom at 1815 support region with a neckline at 1850 region. The first level of support that price may potentially retrace to before moving higher would be at the neckline level at 1850 region, while the second level of support that price may potentially retrace to before moving higher would be at the potential shoulder level at 1850 region. However if price were to break below the 1815 support region, price can extend towards the 1790 support region. *Update on night session: price continues its ascend to key resistance at 1900 region. Momentum is overextended and may look to fall towards support level at 1872 or 1853 region. by TrainingTrader1
Top 3 Quick Trends:Why Now Is The TIme To Buy GoldThe problem is the USD currency has began a very terrible decline. -- To make it worse this means business that have savings in USD the value of their Savings are dropping. -- You need to look into why maybe now is the time to buy gold -- 1. If you want to save the value of your deposits 2. if you want to trade the up trend 3. if you want the best strategy -- then gold is the one. before this trend began the 50 had to go above the 200 -- As shown in the chart above, after this move the PAR Trial had to indicate a new high on the friday at market close -- This is trend analysis a strategy for you to use to see the beginning of a trend -- Does it happen often? Last week the Jobs Report news was released -- This breaking news could have been the catalyst for this trend. --What will happen next month? When the Jobs report is released? Stay tuned. Trade safelyLongby lubosi3
Side-step a potential storm!Just when we thought the hawkish narrative was pretty much priced in, SVB’s fallout basically threw a spanner into the hiking cycle. You’ve probably read quite a lot about the whole SVB debacle since Thursday’s trading session so we won’t harp on that. We instead want to turn your attention to two other markets that moved significantly since the SVB episode. Interest Rates & Gold. A sharp repricing has occurred in the expected rate path as markets digest the onslaught of SVB-related events. As a result, we saw the probability of a 50bps point hike jump from 30% to 80% and then back down to 20% as of today. Additionally, further rate hikes have also been priced out indicating market’s expectations of a more cautious Fed. Most importantly, the implied aggressive rate cuts starting from the end of 2023 caught our eyes here. As a reminder, the last time the fed paused and then cut rates, Gold responded with a 60% rally. As the potentially lower terminal rate and faster pace of rate cuts narrative begin to pick up momentum, we think Gold deserves more attention now than ever. The next FOMC meeting is only 10 days away. From there, we will get a sense of what the Fed thinks of the current situation. If they start to show signs of retreat from their hawkish stance, we believe it will be a catalyst for this trade. Another point of worry is economic data still coming in hot, at least for now. For those not keeping count, Non-Farm Payrolls numbers have beaten estimates to the upside for the past 11 months as the economy remains unusually strong. With the next set of CPI numbers coming out this Tuesday, a hot print could drive inflation worries further. If the Fed shows signs of easing on the hawkish narrative while Inflation numbers continue to be hotter than expected, higher Inflation expectations could once again drive investors into inflation-protecting assets like Gold. Key volatility gauges have pointed higher over the past few days and major indexes have edged closer to key price and technical levels. Given these, volatility is likely to compound from here as Commodity Trading Advisors (CTAs) potentially flip sides and funds rotate out of the banking sector. In such uncertain times Gold’s status as a safe haven asset could attract flows as investors sidestep the market turbulence. Looking at the price action, Gold still trades well clear of the 500 Day EMA mark which has marked the support for the price action and well clear of the 1800 physiological level. RSI is still middle of the road indicating that there is still room for Gold to run higher. Gold’s relationship with interest rates and position as an inflation-hedge/safe haven asset could very well position it for further upside from here. For now, we think it provides enough upside to sidestep the potentially volatile times ahead. We set our stops near the previous level of support and the 0.618 Fib level, 1755, and our take profit levels at 2065. Each 0.1-point increment in COMEX Gold future is equal to 10 USD. The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description. Reference: www.cmegroup.com www.cmegroup.com Longby inspirante1111
$GC #Gc to the moon Well if i didn't call it boyyy i called it this was one heck of a move wow already at the halfway point with room to run lets see how this play out by ThanksNeo2
Gold did a reversal patternAfter weeks with lower prices gold ended up reversing This technical is diffinately something i will study and remeber in the future. Longby sfriismoeller0
Wave scenario, short preferedI indicated three levels of my scenario. Expect Gold to go up to either 1839 or 1847 USD. As it will reach one of this level will look at smaller timeframe how the trend continues. If I see some weakness will look to enter short trade with target 1800.Shortby apmyp33Updated 6
Gold 300-day Bollinger Band LongGold is respecting the 300-day simple moving average as of late. We just put in a double bottom which tagged it twice after the Silicon Valley Bank Failure which can serve as a catalyst for further upside in the week ahead. Similarities between the current situation and the situation before the big run up which began in 2019 are highlighted using 300-day Bollinger Bands for reference. If we get the same 50%+ run up above the twin peaks that we got last time, gold will exceed $3000/oz.Longby Skipper861112
New trend down Again dawn for weeks or a even a few months (April could be the limit) before another assault to 20XX$ this year. No new lows. I dont think it will go under 17XX. But trending down maybe ranging down. This week tops...first part of the week. Shortby JAY_c5velmUpdated 3313
Gold Update (weekly chart)Nothing negative about this chart. Gold experienced a double top breakout on 3/10/23. Normally, I would expect some seasonal selling in Gold around late winter, early spring, but there is nothing normal about this year. I am looking at a target of gold at anywhere from 2231 to 2407 by year end. Longby UnknownUnicorn131010
GOLDIt seems that gold has retested the triangle and now ready for further up move. Till it is above the triangle line all long side trades can be taken. I am just sharing my trend view. Trade can be taken based on individua set up, signal or indicator. Longby YS90