Great one here straight off the bat great upside potential - ignore indicator below its inaccurate gold will push up BITFINEX:XAUTUSD OANDA:XAUUSD TVC:XAU NASDAQ:XAU TSX:XAU BITFINEX:XAUTBTC FX_IDC:XAUUSD BITFINEX:XAUTBTC FOREXCOM:XAUUSD FX_IDC:XAUTRYG OANDA:XAUEUR BITFINEX:XAUTUSDLONGS BITFINEX:XAUTBTCLONGS OANDA:XAUAUD FX_IDC:XAUTRY...
HEAD AND SHOULDERS AND A POTENTIAL BEARISH GARTELY, Waiting for the full formation of A Reversal pattern, im goin to take a long term short position on this pair
OANDA:XAUGBP Long. I called xauusd short to 1800 in Aug and smashed all my targets. check the linked idea below. this is the reversal of that.
Gold did its thing in 2020, the worse financial year since WWII, and I have to say it was nothing impressive. Investors pilled up in foreign stocks and digital assets, gold resembles more and more a pure commodity than a monetary safe heaven. Currently is hitting the 200ma, and for me it will keep going down, perhaps to retest lower levels, after that a long...
Confluences: 1) XAUGBP has broken out of what looked to be a descending triangle pattern 2) Price closed above 20/50/100 EMA after thursdays rally and held above this on friday 3) XAUUSD rise will give positive sentiment to gold (correlation) 4) Biden victory 5) GBP weakness seen all of last week 6) Linked to point 5 - Brexit uncertainty / news releases...
I wrote details in chart but I have to say Because of RSI H4 ; 70 . it need to rest or maybe retracement so be patient and wait for good entry in Lower time Frames and candlesticks Formations GBP is falling right now . You can find it in A and market sentiment i have an idea that XAU is going to touch 2040usd this year again Easily my strategy is based...
Looking for gold to put in a cycle low around September 7th before a strong move higher. Will be looking for longs inside the green rectangle early September. Keep an eye open this is a nice opportunity I think.
The clear "P" shape of the profile and recent news of high profile investors selling banks and buying gold miners suggest quite a strong opening this week in gold. I find the GBP gold price to be less prone to being pushed around by competing trading strategies that can muddy the USD gold price. Significant upside to above GBP1580 while unlikely, cannot be ruled...
Above is a 13 year chart of the price of gold in GBP(£), each bar on the chart represents 1 month of price action for gold. The first part of this post talks about the price action of gold vs GBP over the 13 years, the second half states the bull/bear cases for gold going forward, it would be great if you add your own bull/bear cases so we can get a discussion...