Hello There!
Welcome to my new analysis of the GOLD FUTURES. The massive inflation, recession, and supply-chain disruption events that emerged in the past times have increased the investor's fearfulness and accelerated the investor sentiment in regard to a favoring of safe haven investments to hedge against the massive inflation, recession, and supply-chain...
This is a no-brainer to SELL it right here.
Especially with the DXY about to bottom!
(... which will very likely turn out to be an extremely long-term bottom - i.e., "for good" - as the U NYSE:D is about to go on a historic tear (+50%))
This is September 20th 7:59 am. I think this video goes hand in hand with a previous video on the ES. It doesn't matter if you trade or don't trade either one of those markets... it's about how you visualize the market and make distinctions that are up to you not your computer program. The patterns are pervasive and in every market and your understanding and...
TVC:GOLD ACTIVTRADES:GOLD NYSE:GOLD AMEX:GDX COMEX:GC1!
As per my previous post on Gold, the current price action is creating and symmetrical triangle on the daily chart and as we can see PA rejected off from the .786% retracement.
With daily rejecting off 1968 levels confirms there is more downside remaining and the break of below triangle trendline...
In this update we review the recent price action in the Gold futures contract and identify the next high probability trading opportunities and price objectives to target
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
Since gold broke out of the L-MLH, I was waiting for this opportunity. This is a nice test of the L-MLH.
Be aware that it could drop and come up again for a re-Test of the L-MLH. So stops have to be places accordingly.
As for the red Centerline, we also have to be aware that the CL was already reached back on Aug. 17th.
So any accelerator could pump up GC back...
Gold has long been considered a safe haven during times of economic uncertainty, but its reputation as an inflation hedge is questionable at best. While it is true that gold has historically shown some correlation to inflation, this relationship is far from foolproof. In reality, there are several reasons why gold's performance as an inflation hedge falls...
If already have the position of Gold, hold it, don't sell it, nor short it. It would be a stressing period before Gold jump high again. Follow the trend. See weekly chart.
Greetings everyone,
I hope you've had a productive week with successful trades. I wanted to share some of my ideas on the Elliott Wave Principle. It's crucial to make informed decisions and exercise patience in all transactions.
As per a quote from (J.F.), a professional analyst of the Elliott wave principle, amateur traders tend to focus on the possibilities...
Right now the real estate market is not doing fine
so investors have to look for a place to park their
--
hard-earned capital
--
and gold is shining a light of hope for them
--
here are 3 reasons why gold is a good buy for you
Gold is a hedge against inflation
Gold preserves its value
Gold has no counterparty risk
--
i love gold because you do not need ...
On GOLD is nice to see strong sell-off from the price 1941.5 , there are nice to see strong volume area....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
S/R zone from the past + Downtrend +...
In this update we review the recent price action in the Gold futures contract and identify the next high probability trading opportunities and price objectives to target
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
Expecting gold price (xau/usd) quadruple in ten years. I estimate at least 6500usd. This estimate is for current economic conditions of the world. No one knows what will happen in ten years. Biggest problem with gold price is people buying gold virtually over banks etc., when people start to buy gold physically, it will skyrocket beyond my estimation. They are...
Following the low of 1939.6 on 29th June, Gold rallied strongly to 2029.3 on 20th July.
The price capitulated, reaching 1914.1 on 21st Aug, then rebounded to 1980.4 on 1st Sept.
Despite coming close on 20th Sept in the lead up to the FOMC meeting Gold did not overcome to the1st Sept high and instead has recommenced another retreat.
The Bearish Triangle...
Symmetrical triangle formation on gold futures chart, break of below triangle trendline, profit target of 1921/1894 and if the PA breaks above trendline then TP1 - 2010.
Current trend is sideways, and we might get 1968.
Gold has been in a retracement and it could be deeper until reach a SPDA because of DXY. But if the price break the zone that is right now, then we could think that the price could go directly to Targets. On the right side we have the futures that make confluence with the Scenario. So we need to wait for the Time and Price to take decisions.
