The Gold market has met its initial target. Factor Prop account went long at the bear trap and we took what equates to 1/3rd profits at these levels. We will remain alert for a proper correction. Our long term target in Gold is 3,000-plus based on a monthly chart Cup and Handle.Longby PeterLBrandt2235
Commodities WatchHere's a 1-day chart, 1 year view, commodities comparison with the tickerTracker MFI oscillator set to length 20: Gold - bright orange Copper - dull orange Silver - light gray Palladium - darker gray Platinum - white gray Corn - yellow Soybean - green Lumber - brown Wheat - brown yellow Oil - black blue Gas - white Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum BBMC - bollinger bands TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.comby Options360220
Moderating inflation could further reinforce gold and silverLet’s begin with a recap. In 2022, precious metals were down 4.4% when the S&P500 Index was down 19.4%. That is an outperformance of 13.8% for precious metals against equities. Still, many firm believers of gold were, at times, questioned why gold was not scaling new highs in a year when inflation was doing exactly that. As Nitesh Shah outlines in his model, gold is influenced by four variables. These are: 1. Changes in the US dollar basket (-ve relationship) 2. Consumer price index (CPI) inflation (+ve relationship) 3. Changes in nominal yields on 10-year US Treasuries (-ve relationship) 4. Investor sentiment measured by speculative positioning in futures (+ve relationship) Although inflation was supportive of gold last year, the aggression with which central banks acted to tighten monetary policy strengthened the US dollar and lifted Treasury yields creating headwinds for precious metals. As a result, investor sentiment was also weak (see figures 01 and 02). A shift in sentiment Although the Federal Reserve (Fed) has not yet signalled a dovish pivot, markets are beginning to expect this to happen at some point this year. With the US consumer price index (CPI) inflation falling for its sixth straight month in December and moderating to 6.5% vs 7.1% in November , this market consensus might be reinforced. Even if the Fed remains on its tightening path in the first half of this year, the pace of rate increases could slow down. If inflation figures continue to decline steadily and growth data has not become alarmingly worrying, the central bank may hold its rates at a terminal rate during the second half. Of course, the exact trajectory of these dynamics cannot be predicted. Still, however, market consensus is at least forecasting reduced hawkishness compared to last year. As a result, investor sentiment in gold has been on the rise since November. If Treasury yields and dollar continue to pull back, inflation moderates gradually, and economic data slowly deteriorates, sentiment towards gold as a safe-haven asset could continue to improve. The silver lining Silver often exhibits a leveraged relationship with gold. We experienced this in the twelve months after the March 2020 Covid crash in markets when silver meaningfully outperformed gold while both metals rallied. In 2022, things went in the other direction. As gold’s sentiment deteriorated, investor sentiment towards silver fell even further. And once again, gold’s recovery is enabling silver to bounce back even more strongly. Silver is, of course, affected by the dynamics of industrial metals as well given more than half of its demand comes from industrial applications. This was also a factor for its lacklustre performance last year as industrial metals were pricing in a slowdown in China and recessionary fears across major economies more widely. If in 2023, China’s lockdowns are lifted for good and the economic engine starts firing again, fuelled by accommodative monetary policy, this could be the catalyst for the recovery of industrial metals. It could also spur silver’s rally further. The risk to the view If the Fed takes markets by surprise and continues to tighten into the second half of this year, our base case could be challenged, and gold and silver may face newfound resistance. If the Fed signals such intentions early this year, say, in response to inflation numbers as they become available, these challenges could present themselves sooner. For now, it appears, that inflation is moderating steadily encouraging the markets to believe that so will Fed’s hawkishness. by aneekaguptaWTE2
Gold upside vs downsideRight here is where the gold's price could pivot to the downside (1850) for a healthy pullback. If it is still moving on up to 1950, expect a push to 2000. By price 1950, gold would have gone +20% from the most recent bottom.Longby TrustThePhi4
GC1!In the short term, waiting for the price correction to collect the orders needed to continue the climb ... #GC1! #XAUUSDShortby violet-forex2
2011 high gold resistanceThe price of 1920 should be a fair amount of resistance because it is along term high from way back in 2011. The recent rally could pull back at this stage.by MrAndroid0
Key resistance is nothing, Gold now at 61.8 Fib levelGold flew pass the key 50% Fibonacci retracement resistance region and ended the week at the 61% Fibonacci retracement resistance region. Price remain extended especially on the weekly time frame. If price continues to move towards the $2,000 price region without retracement or sideway movement, shorting without confirmation may seem favorable. Nonetheless, the 61.8 Fibonacci resistance level is also a key level where short entries should only be taken if there are valid confirmations. Shortby TrainingTrader0
GOLD..Buy This Nugget Good breakout after a two year pattern...TGT along with Time Tgt given on charts...Longby JUDEBOY7
Gold analysis - 4 hourly chartThe 4-hour chart starting to confirm the analysis conducted in the higher time frames by MarkLangley0
Gold analysis the weekly chart I now observe the price action of the weekly and assess the next possible move, we slowly building a picture. Next i will do the daily time frame by MarkLangley0
Gold analysis I am showing you my process of working through a chart that could help you I will post charts to show the thought process Firstly the monthly chart, currently has seen a top when we broke above the previous high, why because the market was divergent and thats why now unless break is explosive and corrects that divergence the gold will struggle to get to much higher by MarkLangley0
Part2 moving to lower time frames Once you have accessed the higher time frames then drill down into the lower time frames to find trades in the contaxt of: - 1. continuation, pullback and buy again 2. ending and looking for trade set up to buy-sell 3. consolidation Educationby MarkLangley0
Always a good starting point for priceTo access the value of an asset class for context always look at your higher time frames to where you are in the structure of the move before moving to lower time frames for the trades.by MarkLangley0
Gold Update. Gold has had its 50% retrace, and has cleared key fibs. Targeting 2200 by year end. In cycle. Possible pullback in summer and ramp up in fall. Longby UnknownUnicorn131010
Cup and HandleThis has met long entry level which is the left side of the cup. Stop where you see support, No recommendation. T1 has been met. by lauraleaUpdated 2
Gold giving multiyear breakoutGold giving multiyear breakout with good volume and after forming cup and handle pattern. Time to aggregate gold.. Longby dranilkb860
Gold target 1 about to hit and target 2 on the way to $2,004Target 2 is already choosing upside to $2,004 Larger Cup and Handle has formed. RSI >50 >70 Uptrend Now there are a few reasons why the gold price is heading up in January 2023 US Dollar Weakness First we are starting to see a but of U.S. dollar weakness. As the US Dollar weakens, more investors move money into higher-yielding assets, which can lead to a rise in the price of gold. We call these safe havens. The DIXIE is still showing downside based on the last analysis I did with a Head and Shoulders pattern. January Effect January is common to see investors have some form of increased demand for gold. It's based on them offsetting their taxes end of the year and now they want to deposit their money in safer places like gold. Chinese New Year xīn nián kuài lè We also have Chinese New Year coming where it's a tradition giving gold during the holidays. This can also boost demand and the price up. Longby Timonrosso3
GCG3 High: 2000.00 Low: 1866 HigherWeekly Kickoff levels are longer timeframe levels where we believe longer time traders will adjust inventories.Longby TopstepOfficial0
GOLD FUTURESGOLD FUTURES The rise of very strong gold has also penetrated the bite of strong resistance and the shape of new peaks and is likely to return to the highest peaks that are considered targetsLongby ELHASSANE-TRA1
GOLD IS GOING TO REACH 1926 soonin the begining of this years and under some reasons gold making a big move and that surprise most traders , the weakning of the usd and the ukranian russian war and much move explain why gold going to reach higher prices time to time, any correctiong will be made will be small compare of the buy rally sLongby heromanme0
Gold OverboughtGold is overbought on the daily but it has gone further into overbought in the past. Just something to watch.by hungry_hippoUpdated 229
Keep an eye on this oneGold is nearing strong resistance. Wait until the price is rejected, it will probably try to break the resistance more than once, but I don't think it will before a correction towards channel support.Shortby ArturoLUpdated 3