GC: Gold Reaches Record High on Hope of Fed Rate CutsCOMEX: Gold Options ( COMEX:GC1! )
Gold prices rallied to an all-time high on Friday.
Spot gold climbed 1.6% to $2,069 per ounce, up 3.4% for the week. Gold price rose to $2,075 mid-session to beat the previous record of $2,072 reached in 2020.
U.S. gold futures also broke new ground. The Februar
Gold-Will the bulls see yet another breakout failure?Bullish narratives I've seen published online over the last couple of years:
1. Gold is a hedge against inflation
2. BRICS Currency-it will be backed by gold
3. China is hoarding gold
4. Central banks are gobbling up gold
Given all these narratives, one would think gold has some pretty strong tai
Gold not showing good signs the last 2 daysThe last two days are not a good sign for #GOLD bugs
But we said that on Sunday...
WHY do we say this?
Sunday was an ugly reversal
Huge volume with bearish engulfing yesterday
Follow through selloff today as well
We could be seeing a top for some time.......
AMEX:GLD NYSE:NEM TVC:GOLD NYS
Gold the train leaving the station?Gold has formed a tripple top, usally all tripple tops get broken.
This is a golden opportunity to look at not only gold but gold stocks.
They are depressed and have huge potential. If Energy stay stable and gold price
increase then miners have huge proffit margins. Also alot of nations are buying g
Gold may just be a correctional B-waveGold's performance has been very, very strong. I don't know what price it will go to. But a false breakout may form. Then turn around and go down.
Before Gold move to new fresh zone.From the chart, it can be seen that gold will move within a zone and needs to transition to new zones. It will need to move at a rate greater than 20% in the early stages and will continue to move within that zone until new factors come into play to facilitate further movement.
My criteria zone 0, 5
Time for Gold to Shine?Gold futures have embarked on a robust rally, propelling the precious metal to break all-time highs. This surge in gold prices has been influenced by a series of impactful events throughout the year. Initially, financial crisis fears emerged with the collapse of Silicon Valley Bank in March, creatin
GOLD What will happen in the near future!!Gold is Broken large ascending triangle on the weekly time frame and also at C&H if it follows these patterns we would have seen gold's biggest historical rally.
🤑Stay awesome my friends.
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Gold hits Record High on Bets for March Start to Fed Rate cutsGold prices rallied to an all-time high on Friday after remarks from Federal Reserve Chair Jerome Powell increased traders' confidence the U.S. central bank had completed its monetary policy tightening and could cut rates starting March.
Spot gold climbed 1.6% to $2,069.10 per ounce by 3:30 p.m. ET
Gold price forecast in weekly timeAccording to the majority, there is no certainty in the financial markets
But with the style that I analyze, the prediction of some movements is certain.
Definitely, the price level of 2000 dollars in gold is a fake price area, and due to the huge liquidity of sellers' stops behind this area, we w
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