4.12.23 We started with a look at coffee which made a new high On a swing that went to the top of a range box where we would look for a reversal. Then we took a quick look at cold that reached its HKEX:4 ,000 target.
Like James Bond, gold seems to prefer shaking to stirring, as its recent movements suggest. In the course of wave B in turquoise, the metal has been bucketed about quite thoroughly and still has got some room left to expand the current ascent. As soon as wave B in turquoise is finished, though, gold should turn downwards and resume the overarching descent by...
GOLD Weekly Analysis:
It has been trading in range for 980 days = 980 /365= 2.68 years approx
Previously trend has been in upward momentum and then it went into consolidation(sideways) or can be considered accumulation as it is bullish rectangle.
Ranges are good to trade as markets are in equilibrium and can brake either side but here the probability is high...
In this update we review the recent price action in the #Gold futures contract and identify the next high probability trading opportunity and price objectives to target
Good news for goldbugs: GC Gold futures is projected to take out $2,000.
Bad news for goldbugs: I still believe that both price action and fundamentals are short/medium-term bearish on gold and that this swing will amount to an exit pump before lower prices forecast in the below post are achieved.
Gold GC1 - Discard Greed, Enjoy the Tranquility of Rationality
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4.11.23 Coffee Is probably moving higher from an established support level. I wouldn't trade oil right now, But it's showing a price action that suggests it's going to expand outside the coil and that we should be looking for an opportunity trade this market.... and we will know it when we see it, It may be good for buyers or it may be good for sellers.... we...
4.11.23 In this video we're going to do a follow-up of the previous videos yesterday when oil gold. The gold actually found the support we were looking for after the video was published.... and the market went up about 2500 points even though I would have expected the market to eventually move to the top of the range box. If we had already been in the market...
4.10.23 I am going to talk about gold on this video where I believe you should be looking to be a buyer. I ran out of time so I couldn't get to the ES into oil. They will be next. I'm trying to fit the pieces together to show how to use range boxes and how to look for some of the tools that I use And I want to add some detail to how I use those tools and make...
Recap on my position on the GOLD (GC) that I have in my portfolio with the physically replicated ETC XAD1 on the Frankfurt stock exchange.
From WS Italy:
Ole Hansen, Head of Commodities Strategy at Saxo Bank, said:
“Overall, we expect a favorable 2023 for the gold market, supported by recession and equity market devaluation risks: an eventual peak in central...
Gold broke out of the resistance zone at 2000 region towards the 2040 resistance region which we identified last week.
We have adjusted the direction of the break out where price can potentially fall back to the now 2000 support region before extending to the high of the range at 2080 region. As of now, any short opportunity should only be considered when price...
Gold has long been a darling of investors. Its holders - whether households or central banks - seek refuge in the yellow metal in times of crisis. Gold is a resilient store of wealth, offers durable portfolio diversification, exhibits lower volatility relative to equities & bonds, and serves as an inflation hedge.
But it has a big downside. As mentioned in our ...
"Gold is money. Everything else is credit.", said John Pierpont Morgan. When borrowers default, markets collapse and banks run into crisis, gold prices skyrocket. Gold is trading at a 12-month high on March 18th.
Gold has been valued for thousands of years. Gold has unique properties. It has been enchanting women and men since humans set foot on the planet....
Gold glows as risk blows. Multiple bank failures and shotgun bank marriages are bringing back scary memories of 2008.
Amid gloom, demand for gold blooms. Gold is a resilient store of wealth, offers durable portfolio diversification, exhibits lower volatility relative to equities, and serves as an inflation hedge.
As described in our last paper , among the six...
Gold seems to be taken double top and now coming down.
trendline now support seen at 58800 58900
if gold break trend line support than we can see big correction in upcoming prices 800 1500 2500 Points.
STRONG SUPPORT 58800 { $1930}
Trade Idea work out condition:
- watch for a break of the support zone (trendline) for confirmation
-fresh entry always with stop...
do we retrace or break at the highs...
obviously depending on the side of the fence that you sit on will decide whether you fade into a buy or sell
I believe with the current concern over the banking system (which I believe is not over) on what the Fed is going to do? one more and done?
higher or longer?
the state of the US$?
I favour higher and breaks of the...
