GCJ3 High: 2000.00 Low: 1910.00 HigherWeekly Kickoff levels are longer timeframe levels where we believe longer time traders will adjust inventories.Longby TopstepOfficial2
Gold MCX 65000 Rs target readyHi MCX gold future may reach 65k Fib leval mentioned check it Great opportunity Longby paisachapo0
GOLD enjoying the risk off rallyGold continues its ascend in the risk off environment. With the breakout confirmation at the 1870 resistance region, Gold continues its ascend relentlessly forming a new recent high. Next resistance region is identified at the 2000 level, which is just shy away from last week's high. If the 2000 does not hold, we can potentially see Gold back at the top of the range. Recent price action of Gold is overextended and we can potentially see a huge correction with the FOMC lined up. by TrainingTrader2
Gold and SPXIf SPX is getting ready for final leg down, Gold did well during same in 2000 and 2008by mpkalapala0
GOLD FUTURES!!!BUY GOLD TO 1950. if you have any questions do not hesitate to contact me.Longby elmehdisaddatiUpdated 9
Gold pumping up to $2,138 due to the banking collapse in AmericaRounding Bottom has formed on the daily. This was a shock to technical analysts as we saw a struggle with gold over the last 2 months to $1,818. 7>21>200 -Bullish The price failed to break below 200MA showing strong demand and buying. RSI<7- bullish Target $2,138 Now we've seen a number of banks collapse from SVB, Silvergate (crypto) Credit Suisse and Republic Bank. And there are now signs that there is contagion which could lead to another 10 - 100 banks to fail as well. There are a couple of reasons I can think of for the push up for gold. #1: Confidence in the financial system If big banks in America collapse, it can shake confidence in the financial system, leading investors to look for a safe haven asset like gold. #2: Inflation The collapse of big banks can lead to inflation as the government may print more money to support the economy. This can increase the demand for gold as a hedge against inflation. #3: Economic uncertainty The collapse of big banks can create economic uncertainty. This can cause investors to seek the stability and security of gold. #4: Panic buying and protection The collapse of big banks can lead to panic buying of gold as investors rush to protect their assets. Once again this leads to gold being the safe haven asset to go to, which will push the price up. Longby Timonrosso2
the golden point today on gold!!!trade with positive mathematical expectency. if you have any questions do not hesitate to contact me.Longby elmehdisaddati2
GC1! Gold ChartGold going parabolic, but I think it has one more leg next week. The orange line is the March 2022 Ukraine war peak. So basically I'm saying gold hits the top again. Posting because of one of my followers.by hungry_hippo121215
long position on GCMy strtegy is based on price action with the reading of certain indicators that I like whilerespecting all the values that define the stock maketLongby batchangoyves2020
Gold (weekly chart update) I'm targeting gold at $1985 in USD by 4/3/23. Steady positive accumulation and on trajectory, although I don't expect the target to be linear (some summertime pullback is possible). I expect the P&F target to be reached in the fourth quarter of 2023. by UnknownUnicorn13101332
Gold gets a safe-haven bid as banks shake confidenceFinancial markets were sent into a tailspin on the news of Silicon Valley Bank (SVB) imploding. Despite the decisive moves by the Federal Deposit Insurance Corporation (FDIC)1 and the Federal Reserve (Fed)2, market confidence has been shaken and we have witnessed a flight to safety. Demand for government bonds have risen sharply, driving the yields on 10-year US Treasuries down from 4.0% on 9/3/2023 to 3.4% (16/03/2023). In tandem, gold prices have risen 6.6% in the past week (9/3/2023 to 16/03/2023). The speed of gold’s moves indicates that the flight to safety has not been obstructed by any broad-based liquidity issues. Very often in the initial phases of financial market stress, investors sell gold to raise cash to meet margins calls on futures positions in other assets or for other liquidity needs. The current crisis appears different in that there are no visible signs of panic gold selling and that could be indicative that the stress in certain parts of the banking sector are idiosyncratic. Nevertheless, investors have been reminded that unexpected events occur with greater frequency than they hoped and have sought to rebuild defensive positions that will help to hedge against further turbulence. Credit Suisse concerns add to investors desire for defensive hedges The Credit Suisse debacle unfolding quickly on the heels of SVB highlights that when confidence is shaken in one part of the banking sector it can easily spread. All banks, deposit takers, brokers and lending institutions with weak metrics are under the microscope. A liquidity life-line offered by the Swiss National Bank on 16/03/2023 has allayed markets fears for now, but we believe that investors are likely to continue to seek defensive assets in this time of uncertainty. Either tightening or losing monetary policy could be interpreted as a policy mistake. Gold is there as a hedge. The European Central Bank (ECB) raised interest rates by 50 basis points on 16/03/2023, marking a bold move given the fragile state of market confidence. However, blended with dovish commentary, markets are expecting less rate rises in the future and believe the 50 bps hike was delivered only because the ECB felt like it had pre-committed and any smaller hike would signal conditions are worse than what the market has priced in. The Euro appreciated against the dollar and the Dollar basket depreciated, providing further support for gold in Dollar terms. While the jury is out on whether the Federal Reserve will pivot its monetary policy early (note the Federal Open Committee meeting is on 21st and 22nd March), investors are seeking to protect themselves with hard assets. If the Fed doesn’t soften its hawkish stance, it risks transforming a bank liquidity issue into a recession as risk appetite and confidence has been shaken. If the Fed does act either by terminating quantitative tightening or prematurely ending the hike cycle, the central bank’s monetary largess will linger for longer. Either way, gold is likely to benefit. Gold tends to do well in recessions and is seen as the antithesis to central bank created fiat currencies. Gold gains are well supported We therefore expect gold to hold onto the past week’s gains in the is time of turbulence. The key short-term risk for gold at this stage is not market confidence recovering quickly, but a broader market meltdown that could drive gold selling to raise liquidity for meeting other obligations (such as margin calls). In that scenario, gold is likely to recover in time as other investors will buy the metal to shore up their defensive hedges. Sources 1 The FDIC provided more than its usual $250,000 insurance on deposits. 2 The Fed created a new liquidity tool - Bank Term Funding Program (BTFP) - offering loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral.by aneekaguptaWTE1
GOLDM1! Price DropsGold Mini Futures looking bearish at the hourly chart for a close support 57408 with a potential to go further down to the 56319Shortby Khiwe1
XAUUSD Market ViewThe price movement approaching the resistance area with decreasing liquidity indicates a reduced enthusiasm of market participants to buy. This is also supported by the decreased concerns caused by the Silicon Valley Bank & Signature Bank incident. Therefore, it can be concluded to prepare for a selling position.Shortby ESA_MAHANANI114
GOLD Set To Test Monthly Projected Range ResistanceIn this update we review the recent price action in the Gold futures market and identify the next high probability trading opportunity and price objectives to targetLong00:37by Tickmill119
Gold tradeHere is your roadmap of Gold futures (April) entered on Thursday which had me in a favoutrable position for Fridays move. But from I see we will need to test the 50% at least taking this up to 1922, please note the major range has a resistance point in the same area.Longby BoccaLupoUpdated 1