hours and days to comeIn the coming hours or days, gold will move down after the pullback to the previous week's low and will break its last week's bottom to experience the low numbers again.Shortby Hooman-eUpdated 3
The Gold Odyssey - Here we go again!Someone mentioned to me that Gold is an asset that never loses money. I took the effort to show previously that Gold can very well do a 20% drop over a slow bleed (months) before it travels back up months later too. I also warned that Gold appears not to be able to keep properly and well above 2000-2080. Since 2020 (the Gold Odyssey series started in 2019), there is a multiyear consolidation range between 1650 to 2050, roughly. Having pointed all that out, it appears that Gold had given up the cling to 2000. Here is why: 1. There are lower lows and lower highs (clearer in Daily chart); 2. a clear breakdown of small consolidation range at 1960 support; 3. Technical indicators MACD and VolDiv have crossed under their lagging signal lines; and 4. The TDST (Green dotted line) was broken out of and with long upper tailed candlesticks reversed back to break down of that TDST. When prices are above, the primary trend is bullish. Now it reverted back to a bearish primary trend. (This is part of TD Sequential rules). Given the above, we can project that the most likely trajectory in the following months is down to 1680 (4Q2023), in a repeated pattern, for the third time, since 2020. There should be a stalling consolidation about 1800 too, so expect that. Now, for this to happen, a few fundamental things need to align... a. the USD should be rallying hard upwards; b. the interest rates should be rising too; c. inflation moderates; and d. Possibly in alignment, can expect the equity markets to be bearish. Heads up and take care! ps. some dates projecting forward are marked. :)by Auguraltrader111
Gold follow up6.22.27 The market is at a 1.272 which could be a reversal for the market to move higher. On the other hand I think it's going to move lower so I asked that question and I submit an answer. it's very important to frame your opinion about a market Looking from the distance and Looking up close. I went through the transition from the low pivot to the high pivot and everything in between, and I define the market when there were significant changes and when the market would be more difficult to assess.... and then I described how the market May transition to a more Dynamic Market because of the relationships between the support resistant line as it pertains to certain buyers and sellers.... and why this market could actually expand lower below the 1.272 and can still get to the 382 or the 50% or the 618. I know this is more than many people want. They want it to be easier and more automatic and they don't want to work very hard and if the process leads to indecision or caution they will think of that as a deterrent and not something that could be helpful. Every video I try to give A question that's not that easy to answer unless you think about it. In the end, Making a trade decision Doesn't require everything that I talked about in 30 minutes.... it's about the last final decision in this case: Do I go long or do I wait... and what's my target and what is my stop. Put your thoughts in note form... go back later to review and ask yourself Was I right and if I wasn't what could I possibly have done better for the next time.20:00by ScottBogatin115
Gold down to $1900-$1880 before take off to new ATHGold may fall down to $1880-1900 before resuming its uptrend and break new records to the upside. New ATHs are probable if this scenario play out.by simbadlemarin111
Gold:the monetary commodity’s fate in the hands of central banksGold is arguably the most sensitive commodity to monetary policy. The metal operates more like a pseudo-currency than a regular commodity (a regular commodity’s price is driven by the balance of supply and demand, gold is driven by many of the macro determinants of currencies). After hiking rates every meeting since February 2022, the Federal Reserve (Fed) took a pause in June 2023. The central bank has lifted the upper bound of Fed Fund target rates from 0.25% to 5.25% over that timeframe, marking one of the most rapid rate hiking cycles in history. At times, the Fed was hiking in 0.75% clips. Rising interest rates were an extreme headwind for gold for most of this period. Can gold investors breathe a sigh of relief now? Is this a temporary pause, or a halt on rate hikes? Well, if Fed Fund futures are to believed, there may be one more rate hike by September 2023. If the participants of the Federal Open Market Committee (FOMC) are to be believed, there could be several more rate hikes (with the median expectation of these participants pointing to a terminal midpoint rate of 5.625%, that is, an upper bound of 5.75%). Professional economists1 seem less sure of such decisive action, with the median looking for no change in rates this year (and cuts commencing in Q1 2024). Senior Economist to WisdomTree, Jeremy Siegel, believes the Fed is done hiking and that alternative inflation metrics, which incorporate real time housing inputs, show inflation running at 1.4% instead of the official 4.1% in May 20232. Market inflation expectations are not falling away as fast as we would expect. Judging by the 5yr5yr swaps, longer-term market inflation expectations are actually rising modestly. Higher inflation tends to be gold-price supportive (other things being equal). After hitting an all-time high in 2022, central bank demand for gold has maintained strong momentum. Official sector gold buying in Q1 2023 was the largest on record for the first quarter (albeit lower than Q3 2022 and Q4 2022). A YouGov poll, sponsored by the World Gold Council3 , showed that developing market central banks are expecting to increase their gold reserve holdings and decrease their US dollar reserve holdings. With a lack of forceful stimulus from the Chinese government, and still elevated gold prices in Renminbi terms, we expect a slowing of retail demand in China. In fact, Shanghai premiums over the London Bullion Market Association (LBMA) price slowed in May and remain low in June. Looking to WisdomTree’s gold price model, we can see that bond headwinds have clearly fallen away and US dollar depreciation (relative to a year ago) is offering gold some support rather than dragging prices lower. However, investor sentiment towards the metal has moderated since March 2023, when the collapse of Silicon Valley Bank (SVB) and the shotgun marriage between UBS and Credit Suisse Banks was announced. With the passing of the US debt ceiling debacle, there aren’t any specific risks driving gold demand higher. However, general recession fears and the potential for unspecified financial sector hiccups are likely to keep gold demand moderately high as the metal serves well as a strategic asset in times of uncertainty. Source: 1 Bloomberg Survey of Professional Economists, June 2023. 2 The alternative measure calculates shelter inflation using Case Shiller Housing and Zillow rent which annualise at 0.5% instead of the 8% that is biasing the Bureau of Labor Statistics CPI higher. 3 2023 Central Bank Gold Reserves Survey, May 2023.by aneekaguptaWTE113
Gold Silver Dxy6.22.23 In this video I discuss some of the mixed messages of the dollar versus the gold. I started out with the silver market because it really looks to me like it's going to go lower and that's significant because that may influence the gold in a positive way so that it goes lower. the dxy Is a mixed bag for me... it's not clear. and that's the market sometimes. At the end of the video I said that if the gold market trades below the support resistance line there is a chance that the market is free to go even lower than the 382 or the 1.272. The market can actually accelerate to the lower price where I'm looking to be a buyer. If that happens I'll do a video showing you what I think are the relevant Dynamics to this, But the Dynamics Are that a market the trades below A stubborn support resistance line will attract breakout sellers and if you look to the left you will see a strong string of buyers that cause the market to go up in the first place. What this could mean Is that the market may hit stops for those buyers as the market trades lower and this could be part of the acceleration if the market trades below the support area. 19:33by ScottBogatin5
gold mcx dialy chart or spot looks like h&s pattern update belowyes eys on neckline 58350 spot 1918$ stya blw or close blw 2 days will show power 1880--1845$ in mcx 57278--56100+++++ yes more update it will completed or not stya tuned with us wia whtsupShortby kailashcfa333
yestrady gold silver sell gvn melted like ice enjoyeddyess today again ready for 6 om data after will see good move on chart stya tuned with us wia whtsupby kailashcfa331
Gold's Chart Signals Temporary Downtrend but Uptrend Indicators As per the analysis of the provided chart, the outlook for Gold suggests potential downside towards the levels of 59260 , 59000 , and 58700 . Traders should pay attention to the level of 59600 , as a crossover and close above this level could signal a resumption of the uptrend. The presence of the 100-day moving average and a parallel channel on the chart further support the notion of an underlying uptrend, indicating that the current downtrend may be temporary. In terms of key events for today, the following are of significance: 18:00 Core PCE Price Index (MoM) (Apr) and Core Durable Goods Orders (MoM) (Apr) - High impact 19:30 Michigan Consumer Expectations & Sentiment (May) - Low impact 22:30 U.S. Baker Hughes Oil Rig Count - Medium impact Additional information and important event details for the upcoming week will be provided shortly.Shortby forextidingsUpdated 1114
GC1! Sellers In Panic! BUY! My dear friends , I analysed this chart on GC1!, and concluded the following: The asset is approaching an important pivot point 1944.1 Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Goal - 1966.1 My Stop Loss - 1931.9 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCKLongby AnabelSignals101047
Gold Silver6.21.23 I focused on gold and silver since I described A potential opening price trade lower for both gold and silver..... so technically you could be on an opening price short trade for either market. The premise for both markets was that both markets settled near their low the previous day and if there was a weak Reversal higher and the market started to trade lower, This would tell you that the buyers are very weak and that you could try a short trade even though the market hasn't really Moved below A support line... and this could be a problem and a risk. in addition I explained on the gold chart that the current price behavior has been Contracted and I show the difference of its appearance compared to the same market when looking to the left. it's very easy to get caught up in a difficult market and get stressed out or demoralized. this is why it's important to always look to the left on a chart and ask yourself important questions: why is this such a difficult trade for me? And then you may find the reason. Find your answer through the chart... and not through sporadic Feelings.Short17:16by ScottBogatin4
gold weekly commitment of tradersGold's Commitment of Traders looks READY for a move! DECISION TIME. #gold #silver #spx notes price trapped for now total longs in bullish transition zone net back above total shortsLongby Badcharts2
GOLD (XAUUSD) FORECAST 21 JUNE 2023Hello Traders! GOLD has room to down side at least to yearly opening price if price forming swing low and break recent swing high above yearly opening price it can be a sign of continuation to upside and if it break opening price..it can be the start of movement to downside for entire yearShortby jimmychua19911
Markets to Watch for Asia | June 30, 2023In this video idea, I recap the markets that I am looking for the Asian ICT Silver Bullet Model, from 20:00 - 21:00. In essence, I'm looking at the metals and crude. 04:01by gottimhimmel1582
Gold Silver6.20.23 This video is about gold and silver and my quest to buy one or both in physical form sometime this week. The question is :Is the support going to hold or not?" If the market breaks below the support line it Is running the stops Taking out Buyers as it moves to a new level lower To find a new support.20:00by ScottBogatin6
high quality gold long from Mtaking this trade in anticipation of Monthly + Daily storyline turning bullish Current storyline: D - Bearish W - Bullish M - Pending (need daily breakout) Expected: D - Bullish W - Bullish M - Bullish Longby sleepBTC6
Good opportunity to add to Gold positionTrade trend: Bullish Lower Dynamic Volatility Range is at 1917 demand zone: 1936 to 1943 After todays sell off, Ill be adding to my Long Gold position in 0.25 to 0.50 basis points increments.Longby DanteBouzas1
I think gold wants to go clear the boardIt looks to me like Gold wants to go clear the board higher, as there's a number of long wicks up there, there'd be plenty of liquidity up there now to go clear out. Longby gottimhimmel1580
GC1: Sell ideaSell idea on GC1 as you see on the chart because we have the breakout with force the vwap indicator.Thanks!Shortby PAZINI193
Why You Could Buy Gold NowAlot is going on in the financial media about fed funds rate, if you watch this video you will see how we can break down exactly whats going on in the global economy and why Gold is a good buy Cheers, LubosiforexLong07:02by lubosi1
Gold FuturesCOMEX:GC1! In the high probability that the gold will go to the demand areas, the ascent has been renewed.by ELHASSANE-TRA1
GC1! Is Going Up! Long! Here is our detailed technical review for GC1!. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1970.8. Considering the today's price action, probabilities will be high to see a movement to 2015.2. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider448
gold will moon if daily breaks outafter a daily breakout gold will move to it's next obstacle 2015.6... and likely beyondLongby sleepBTC2