Supply chain disruptions and economic rebound are generating what still appears to be temporary inflation. Without new stimulus or some new form of creating money, disinflation on China will bring us back to the long term cycle of lower and lower inflation!
With 5 and 10 years yields stuck on the same levels for months, lower inflation data will bring real yields...
Breaking a massive descending broadening wedge. Also a part of a 10 year old cup and handle. This is the gold setup everyone has been waiting for. Weekly close is better confirmation - but not a bad idea to scale in on the daily. PT 2000 - 2250.
The gold is in his way to a possible break from the downtrend he is been on for the past weeks
Target Price : 2100
Possible S1 at 1770
Possible S2 at 1677
The MACD on the weekly are close to crossing indictating a probable uptrend for the GOLD
After reaching highs in August, gold has been taking back some gains on a tremendous run... But a bounce is coming.
3 Major Tenets
Since The summer, Gold has run a continuous pattern: Running up on a trend, and falling on a bull flag channel before popping again. Also, The MACD on the daily chart hasn't been this low in a few years. Though momentum...
Gold Futures Analysis
The Idea is to go long as per Major trend, but wait the end of the price retracement before going log.
Possible Support Levels:
If the support 1700 USD will not be broken in the next months, target price might be 2100 USD
GOLD FUTURES (CONTINUOUS: NEXT CONTRACT IN FRONT)
Here we have a very strong backlash that is optimistic about the rise of a maturity The strong sequence is here and we're in good position to buy now Without fear and with all my friends' satisfaction
Gold futures manage to drop through a key support structure as we anticipated and into the $1,855 level which is also the 100-day EMA. That is a key support level and prior broken top.
The downside opened up on mediocre volume but so did the upside. We are now seeing a pullback as we enter the the $1,900 area.
The prior broken low was the $1,920 area and now...
Based on Technical analysis The idea is to go long as per major bullish trend only if the 1850 USD support level will not be broken in the next two/three market days; vice versa, if the support will be broken, there might be an opportunity to go short
The Feds has given the official green light for inflation overshoots and the incessant money printing will likely continue for now.
Gold has been in consolidation since the start of August looks to have broken out of the consolidation with a strong move above the 1960-1970 resistance. It has been able to hold onto the 1920-1930 support with breaks below it...
I saw on twitter message going along the lines that silver jumps faster than gold and falls faster when the rally is over. seems to be partially true.
when silver rallies, it rallies hard, but the inflection points often don't match
interesting how long-term silver is trending to be cheaper