Our members know that we are bullish longterm on Gold Futures. However, there are a few signs which make us think of a bearish trend reversal. Fundamentally: XAUUSD failed to end the week in positive territory by ignoring all positive fundamental data, including a rise in geopolitical tensions, inflation pressures and negative real interest rates. Most of...
Fundamentally Gold Forecast: The gold market’s main concerns are now the potential economic fallout from the escalating trade war rhetoric and the hawkishness of the Federal Reserve’s rate hike path. Some analysts are much more positive on Gold due to the trade war tensions and its risks on global economic growth, however, “safe-haven” still flows into the U.S....
Prediction generated by our neural network Predictron Computer
Gold will make an important decision in the coming days. Will the $ 1325 - $ 1,340 resistance range be outperformed, or will the gold metal fall below the $ 1,260 level and triggering the bearish trend channel? I am looking forward to the decision and will then position myself accordingly. Greetings from Hanover Stefan Bode P.S. If you like this analysis, then...
The long awaited pullback in gold is in the making.. !! There is still a bit more room to the downside but I don´t see gold falling below 1,240/1,250 USD anymore.. The perfect buying spot is getting very close... Our patience is paying off.. get ready to load the truck!
Fundamentals: Gold prices are under a strong selling pressure weighted down by surging momentum in the U.S. dollar as monetary policy between the U.S. and Europe continue to diverge. Despite hawkish sentiment from FED, Gold price was able to hold above the psychological support level of 1300 USD. But Friday was the breaking point. After the big breakdown in...
Gold 2 weeks ago broke down 4 — months range. If you take a look on upper screenshot on W1. We see that price close under that zone on weekly. Also, as we see on chart price several times bounced from that level, that means it is key place for big players, they protect that level. If we start think like a Market Maker for the moment we understood that, If i need...
Finally gold broke through its multi months support at 1,305 USD and has moved clearly below 1,300 USD. We have anticipated this scenario since end of January. Now all the weak hands, that have emotionally been buying gold during the tricky sideways consolidation in spring, are under water and are shaken out. This moment of panic is coming closer and...
Price action for XAUUSD last week remained pretty much between the intraday resistance levels mentioned in the last post which can be found here. The price action for XAUUSD from ~$1303.84 to price close of ~$1324.65 can best be described as a corrective (3 wave price move), which is identified in this analysis as a minute wave ((a)). This implies anticipating...
Gold broke the downtrend line on monthlies and almost a retest to that few weeks ago, my call for long around 1322 till 1359 met the target yesterday, but still I see lot of potential in Gold to move higher, On dailies it had ABC correction and then a nice rally with some consolidation and finally reached the target, In my opinion the recent low looks like a multi...
Double Bottoms A double bottom forms when the price makes a low within a downtrend, and then pulls back to the upside. On the next decline the price stalls near the prior low, then rallies above the pullback high. It's called a double bottom because the price stalled in the same area twice, unable to drop below that support area. The pattern is complete, and...
Disappointment is starting to appear among the Gold Bulls. However, I keep the faith as the market still has potential to break through $1,400. We see economic growth with no inflation and geopolitical tensions are starting to ease, but volatility in markets continues to provide important support. While increased volatility and weaker equity markets will...
We have published a forecast and detailed trade idea. It worked well and we have reached the second target level 1343. Our midterm target is 1408 as we have published in the latest forecast. 1343 is one of the critical levels. Breakout of this resistance will 1347.66 and 1351.47. The main resistance is 1359. A daily closing above 1359 will confirm us 1373...
Consider this: In 2008 GOLD (XAU) had dropped to around $730 and never before traded above $1000. During late 2008 we occurred the "great financial crisis", the one where everyone thought the world was going to end, where we saw the market deflate and induced us into a systemic crisis. All markets seized up, including GOLD, as the credit markets seized up, and...
Breakout and close above 1324-1328 And Safe LONG trade Targets : 1335 1347 1357 1408 Good Luck
Would you dare to trade on Gold this week? After months of speculations, Gala Night is almost here and we finally will be able to see if it’s a Horror Movie or Comedy for Gold investors. The producer and the director of the movie are FED and the leading actor is Gold. Gold trades in its narrowest range since 2012. Geopolitical uncertainty is providing critical...