Nothing new to add on Gold. It is as slow moving as molasses. It is still on positive divergence at this time. Economists are starting to say a recession is expected at some time this year so maybe that is the catalyst gold is waiting on to raise higher. It has always been a store of value and a commodity people flock to in hard economic times.
One question I...
Hello, all traders! This would be my very first published idea. I am an intraday trader and would love to share my position for today. This is not financial advice, just my perspective on the market. Gold Futures seem very bearish, but I have chosen this position with
Entry - 2012.3
Take profit - 2022.8
Stop loss at 2008.1.
After this trade executes, my main...
As You can see an apex which showed bullish absorption was cutted the bearish style, to be tested if it will sustain strength. Now we see a rising wedge with shortening of time in the upper area and no shortening no expension of time at the lower boundaries.
This leads to the conclusion, that gold is sold and silver is bought.
Silver and copper are...
Analyst: Shane Hua (CEWA-Master Candidate),
Good evening,
Gold reached its peak with wave 2 (Circled) earlier than expected. As a result, the Bear market view has become clear in a broad context. The target for the short-term decline is 1989.2, while the price remains below the 2017.1 level, rising higher shows that wave (4) is ready and could peak at any time...
Good evening and i hope you are well.
For gold i updated my weekly chart and bears proved me very wrong. Here my quote from the weekly outlook:
short term: slightly bullish to top of triangle, invalid below 2030
Obviously they did break below big time and now bulls are doing everything they can to keep this above 2000.
bull case: Bulls have to keep this...
despite the potential rate cut soon on 2024, i do expect this movement on march for the gold as we have a gap showing in the daily chart at $1900.
please be careful in using leverage whiling going long in gold or/ for short term traders.
Bitcoin is on fire have you seen? COINBASE:BTCUSD
Right now the market is tanking like a rock!!
--
Especially on the consensus side of it.
Meaning the global economy under the TVC:DXY
Is not doing well
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Countries that look up to the dollar for savings are suffering
under high inflation because the printing of the dollar
increases its power against the...
A. Remember when it comes to interest rate cuts it means the following:
Stimulates economic growth
This makes borrowing cheaper as interest rates are lower.
And it encourages more spending and investments by individuals and businesses.
Boosts buying from consumers
Also, with low interest rates it entices people to buy more.
And this is because the cost of...
Gold has to be the slowest moving ticker I have ever tracked lol. It's like watching hair grow, like watching a sloth walk, or like watching a snail cross the road. All SUUUPER exciting. After saying all this, nothing has changed yet. As I have stated in my SPY post, I believe the S&P is about to drop for b wave of 5 so maybe that will help propel Gold slightly...
Here is a classic set it and forget it trade for any sideways market.
Just remember to take a small risk and only trade this strategy in a sideways market.
I have this entire strategy written out with step by step instructions.
Click the link in my profile and I will send it to you.
Enjoy!
Chris Juliano
TrendCloud Trading
Whenever you see Gold in a sideways pattern its always best to use this winning strategy.
TrendCloud can be use specifically as a tool to trade any sideways pattern.
If you want the full details and free mini course on how to trade gold then click the link in my profile for immediate access.
Use this strategy this month and let me know how it worked for you.
Gold continues within tight range triangle pattern.
After powell insignificant talk of rate cuts(in a mid n yes/no talk) gold following same pattern n might wait for a breakthrough by any big shock.
Chart showing wait n watch conditions.
So let's see which side it go.
Overall if rate cut not possible in near term than that's a bearish for market but nowadays...
Gold is the favoured precious metal. Its demand reflects consumer consumption of jewellery, investment demand, and monetary policy conditions. In a previous paper , Mint Finance highlighted these factors in detail.
Platinum is also a precious metal, used to create jewellery and to a small extent as a form of investment. Crucially, unlike gold (6% industrial...
2.6.24 I started the video cleaning up some issues on oil which I believe is going higher. This video is about the dollar which I think will trade lower but I'm not sure how much lower, and this market has an opening price trade suggesting it We'll go lower. After some discussion on that I went to the gold chart and I framed it for you... the details are...
On GOLD is nice to see strong sell-off from the price 2071, 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...
Downtrend + Strong volume area is my mainly...
