Short
Gold all time high
Gold futures are trading at all time highs. Gold is up +25% YTD. Based on this GOL 4hr chart uptrend channel, I am planning a short gold trade. As you can see we are getting close to the short entry zone (or take profit if you're still long). Gold is ranked #1 asset by market cap of $17.5 Trillion. So I wouldn't want to step in front of this train prematurely. Especially if the reversal signal is a blow off top. However, based on US cumulative inflation, gold is overextended as an inflation hedge.
1 : 4 risk : reward ratio trade idea
short = 2615
stop = 2630
profit = 2555
US cumulative inflation vs gold yearly returns
YTD 2024 2.5% vs 25%
2023 3.3% vs 13%
2022 4.1% vs 0%
2021 8% vs -3.5%
2020 4.7% vs 24%
2019 1.2% vs 19%
2018 1.8% vs -2%
2017 2.4% vs 14%
2016 2.1% vs 8.5%
2015 1.3% vs -10.5%
2015 until 2024 US cumulative inflation vs gold ROI
US past 10 yrs cumulative inflation = 32.8%
Gold 10 year ROI = 149%
Gold 10 yr average ROI = 14.9% / year
1 : 4 risk : reward ratio trade idea
short = 2615
stop = 2630
profit = 2555
US cumulative inflation vs gold yearly returns
YTD 2024 2.5% vs 25%
2023 3.3% vs 13%
2022 4.1% vs 0%
2021 8% vs -3.5%
2020 4.7% vs 24%
2019 1.2% vs 19%
2018 1.8% vs -2%
2017 2.4% vs 14%
2016 2.1% vs 8.5%
2015 1.3% vs -10.5%
2015 until 2024 US cumulative inflation vs gold ROI
US past 10 yrs cumulative inflation = 32.8%
Gold 10 year ROI = 149%
Gold 10 yr average ROI = 14.9% / year
Note
Note
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Trading indicators:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.