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Metals

Bitcoin vs. Gold. "Ultimate Bubble" face off! + Soros Indicator!Who wins? Bitcoin is definitely the prettier of the two xD Some info: George Soros famously called gold the ultimate bubble in 2010 due to declining interest rates which he felt would lead to the formation of asset bubbles ( link ), however didn't stop him from buying, first in 2010 ( link ) before the bubble burst and then later in 2016 ( link ). He sold off his gold after it peaked in 2012 ( link ) and then reacquired after it found a bottom in 2016. Soros also bet ON Bitcoin in 2017 by acquiring shares in Overstock in Q4 which he subsequently sold in Q1 2018, after the market peaked. Look at the charts. What do you think? Are gold and Bitcoin similar bubbles? Is the Soros Indicator reliable?
FX_IDC:XAUUSDEducation
by RealMcafee
9
Japanese Yen mirrors GoldWhile trading, it is worth knowing that Japanese Yen closely follows Gold, both intraday and on bigger timeframes. Both instruments mirror each other. So, XAUUSD analysis are valid for USDJPY, only in reverse order, i.e. if XAUUSD will move up a few ticks USDJPY will move down the same distance. Safe trading! The chart above demonstrates this correlation. I chose Japanese Yen Index for that, which is nearly same as USDJPY in reverse, as in USDJPY Yen is a quote currency.
TVC:JXYEducation
by ICFX
1
Why Should We Say OUT OF FOREX and Same Stuff !When we look at the chart. We expect a strong rally or fall because of the price action. Price in the same areas so bollinger bands are squeezing. But !!! Look at the chart 17 YEARS LONGGGGGGG Same price action. No move. God. Life time and price is same.. So Stay away from forex and other leveraged and date expiry stuff. IF you wanna buy something. Buy it. Not forex. Because you buy it and have it put in a safe... Forex stuff will be in fire in a time later and you lose everything. Buy it like bar coin 1 kg sillver bar like that. Buy it put in your house. Do not burn your money. Good LUCK..
FX:XAGUSDEducation
by UnknownUnicorn467863
3
GODD XAUUSD How Gold Traders stay ahead with aid of DXY chartGold: XAUUSD 1.25% How DXY -0.25% is the gold 1.24% trader's best friend right now So far gold 1.24% has behaved in the bear-mangling mode expected of it since the dollar broke down below key support on DXY -0.25% at 94.26 (right hand chart) but it wasn't too smart to let it go again at 1290. That rally on Friday was vicious for bears - the shape of price action as gold 1.24% turned resistance at 1281 into support shows the market adjusting before gold 1.24% powers 16 points north, a volte-face - which you would have been expecting if you've been experienced enough, wise enough to run the two charts in tandem. If you don't you're dealing with a blindfold over one eye... The pin bars on the one hour chart here show strong rejection at 1296.78 down to current levels at 1293 and a streak of uncontested green...very rare for a space like that to remain uncontested and it should flip back to 1288, and potentially to 1284 before it rallies again. On the other side of the street, we can see that DXY -0.25% is flipping in a range beween 93.99 (the high for the week was exactly 93.99 as forecast, giving a precise point at which to sell gold 1.24% - with stops only triggered in event that DXY -0.25% breaks above 94 and holds, in which case DXY -0.25% is going up and Gold 1.24% is going back down. Just the best duo/tandem trade there is in almost any market anywhere. Use it or lose it. Probably the best companion a gold 1.24% trader can ever have. DXY: Dollar index 0.11% Through all the noise of currency pairs and most commodity markets there is a still, small, much neglected voice that can tell usually show you the bigger picture/helicopter view of all that close combat fighting going on below. Not always, but usually. DXY -0.25% , so far since the breakdown at 94.26, has been very helpful. It's flipping between 94 key resistance and 93.50 key near term support and this is what's causing such grief and whipsaw in the price of gold 1.24% . Right now it's giving mixed near term signals... believe it will break lower still eventually, but the chart is not confirming that here....it's just double bottomed at 93.50...was Ok to bounce here for sure but that was quite a big bounce - pins at top and botttom of move...just near term a little confusing, at least to this writer anyway. But gold 1.24% is toppy -0.73% near term and DXY -0.25% is showing a double bottom near term. If it can rally from here then it should push back up to the 93.99 where it should meet profit takers. (Do same with gold 1.24% shorts at that point). And only if DXY -0.25% can then manage to break above 94 and hold is the tide turning back in favour of Dollar, at which point we look to short gold 1.24% again. And on the other side, if at any point DXY -0.25% breaks 93.50 it enters a zone of uncertainty/whipsaw between 93.50 and 93.35 where positions can sudddenly reverse - like quicksand on a map this zone cannot be trusted - a zone to avoid if possible. However, if at any point DXY -0.25% is driven below 93.5 for more than 2 hours it will become llikely that support is eroding and it should start to fall away quite hard to 92.80-92.62 - and thereby triggering aggressive gold 1.24% longs.
TVC:DXYEducation
by sumastardon
How a Hedge Fund Manager trades GoldLearn with the Lex van Dam Trading Academy on TradingView! www.tradingview.com Featured in our Trading Club, 4th July Our checklist provides a systematic process that fellow hedge fund managers and traders employ to analyse markets, from which the biggest trading decisions are made. We use similar versions to analyse major currencies, stock markets and other commodities such as crude oil, and score each factor +1, -1 or 0 depending on whether they are regarded as positive, negative or neutral for the coming month. The total ranges from +7 to -7, with a positive score indicating a potential buy, and a negative score suggesting that you may look to sell (closing long positions or going short). Sometimes of course there will be a neutral total of 0 - which in itself can be valuable in protecting your P&L by avoiding trades when there is nothing to be done. Excess liquidity. When annual growth in the money supply exceeds industrial production, as it does currently, the number is positive and is considered a bullish factor for gold as an alternative store of value and hedge against the erosion of purchasing power. This doesn't tend to change month-to-month and has indeed been positive for some time. (+1) Real interest rate. Those of you who follow us know why we like to look at the so-called 'real rate’. When this is negative it means that domestic US savers and foreign investors are growing poorer by holding cash, which is a great reason to buy gold. For now though, the uptick makes gold less appealing as an alternate store of value against fiat currencies. (-1) ETF Flows. We also like to look at whats happening in ETFs. In the case of gold we are looking for any divergence between the spot gold price and a widely traded Exchange Traded Fund which tracks gold. Currently this is neutral as there is no divergence, indicating that things are behaving normally. (0) Futures positioning. We view speculative positioning as contrarians. Presently the net position is in the middle of the recent range and pretty much unchanged on the previous month. No directional signal here either. (0) Options positioning. Lex and I also look at the options market for clues. Although it is unusual to derive a contrarian signal from the options market if the futures position is not at an extreme, when you do see them it can be very insightful. For now though, whilst the risk reversal indicates a preference for upside bets, it is far from extreme and basically neutral, at least for now. (0) Short interest. Short interest in the gold miners has EXPLODED higher in recent weeks. This is not only a clear positive for contrarian gold investors, but also something that I want to do some further research in to. Even though there was no pessimism (let alone extreme pessimism) in the futures and options components on our checklist, when stock investors are suddenly making record short bets in shares of related mining companies, it tells me that there may be an opportunity coming. (+1) Seasonality. Gold tends to move in line with historical seasonal trends as much as any asset out there. However, whilst the summer months (including July) tend to be the best for gold, there have been some significant declines too. So even though we wouldn’t trade gold based on seasonality alone, it is a factor worth considering in our checklist. (+1) Overall, we arrive at a total score of +2 for gold heading in to July. Whilst technical analysts may say that the chart looks pretty negative, the our checklist suggests that gold bears may be caught short by the bull case captured in our objective trading process. Learn with the Lex van Dam Trading Academy on TradingView! www.tradingview.com
COMEX:GC1!Education
by JamesHelliwell
1
GOLD / D1-W1-M1 : MultiTimeFrame Analysis with Elliott+SinewaveTook me quite some time to build this up but the result shows a very clean sceanrio here ! Everything tends to correspond between each different timeframe and so the forecast is even more likely to occur. It shows that on the biggest timeframe, gold has made it's 5 wave impulse and is now retracing in 2 impulses . The first have been completed and we clearly see it confirmed by multiple timeframe sinewave signals. We're now working on the corrective wave of this rectacement ( the A to B wave ) . Which normally plots as ZigZag and tends to be the case here. Looks like we've made the first impulse of our sub ZigZag... working on the corrective wave (that appears to be a barrier triangle on daily chart). The next move should be a 3 wave bullish impulse reaching out to 100-127% extension of the previous wave . Completing this will give us our B point of major count that we will the sell for the second corrective wave of the monthly corrective count. It can seem messy... but hold on, zoom in and take the time to read ! You'll have much clearer sight of what would be about to come ;) Hope this idea will inspire some of you ! I'm pretty new to TradingView so I'ld appreciate any like/follow if you feel like it deserve it ;) You can check my indicators via my TradingView's Profile : @PRO_Indicators
FX_IDC:XAUUSDEducation
by PRO_Indicators
4
GOLD with "magical" Support and Resistance LevelsAs you can see "Magical" SR levels work every time. Support/Resistance (SR) Levels and Zones are very important for all traders. Basically, you can expect that on specific levels price will stop remain for some time or bounce off. This help up define Risk to Reward Ratio. I know few methods how to mark SR. But I have found that this method is the best to define SR levels. We can mark round numbers 1.5000, 1.0800, 50.00 – and those are psychological levels - our subconscious is telling us we should paid very high attention to them. W. D. Gann never mention to us Fibonacci numbers but he is talking about 1/4, 1/8th and 1/2 (which is not Fibonacci value but every one is using). Those levels are not only SR but also helping our brain to quickly define size of the moves and how far price will go or trace back. Those are example values 1.5250, 1.0875, 0.7500, 0.975 and so on. I hope you now you will see those levels with more confident and they work each time. Take a look at levels 1300.00, momentum become weak and price just shy away from it. look at 1200.00 where third swing from the right stops on it. And what we have now? Price just stop on one more "MAGICAL" level 1225.00 I hope you can see what I see... cheers, Jim Poniat
FX_IDC:XAUUSDEducation
by jimmycdn
4
Keys to the PROFITABLE TRADING III. - Breakouts I.Hey Guys, today I want to start writing about breakouts. As I have read many articles these days it almost looks like the breakouts shouldn't be traded at all. Many traders even despise breakouts because one is entering trades TOO late. But the truth is there is many situation where the strong BO gives nice confirmation for a trade. In this part I want to give you some points how the right breakouts should look like. The Price Action before entry bar: 1. Bars should create some form of triangle. It means the market should become narrower. 2. The momentum of the bars should be low. I will write about measuring the momentum in some other article. But easily said the range of the bars should be also narrower. -> these 2 conditions ensure that the market is waiting for something bigger. It often means some form of accumulation or distribution. 3. There should be some free area for BO. The Entry Bar: 1. The BO bar should be a trend bar - if long - open near low and close near high and vice versa . -> it means that the buyers was much more active all the day -> they did not let the price fall under the open and even the high price of the day is not too high to trade there before close 2. The range of the bar should be above average. - there is no exact number how much above average - you also do not have to count it, the BO bar have to be easily visible 3. The close of the bar should be out of the triangle pattern. - also no exact number, you have to see it 4. The BO bar have to be easily visible. - maybe the most subjective condition but also the most important - IF YOU HAVE TO LOOK FOR THE PATTERN, IT IS NOT THE RIGHT ONE! The Price Action after the BO bar (after you enter the trade and the idea works): 1. There should not be quick reverse bar. - it is quite clear, but it has to be written because of the other condition... 2. There can be more small reverse bars, pins, dojis etc. - many traders make a mistake they are moving the stoploss bar to breakeven very quickly - after the BO move there can be some small exhaustion, not many traders want to trade for this price YET and some can even exit if they enter before the BO - it can happen and you have to wait and just be aware of rapid reverse (it means big counter move in short time) 3. If the price creates some swing and then retest it the price should go through this swing. (or not reverse quickly at least) - after the BO one is waiting for creatin some form of trend and the main character of trend is that the price is creating swing which is also breaking -> if the price can't break the swing, it shows us that the BO is not as strong as we have waited OK. It was some basic conditions for trading breakouts successfully. Next time I will go through the trading situations on this chart and will explain these conditions more practically. If you have ANY questions about breakouts, write them down below please. Paul
FX_IDC:XAUUSDEducation
by Paul_K
Gold: Monthly downtrend and wave countI decided to expand on my gold analysis with the help of rgmov and neowave concepts. I think that the monthly downtrend is still valid, and that we will visit the projected target at 913.82 in time, which might validate the wave count on chart. I entered a pending order and got filled for a short at 1129.15, and SL at 1140.56, and also entered a sell stop at 1116.32, and SL at 1156.66. My 3rd pending was a limit sell at 1134.85 but didn't get filled yet (same stop as the 1st at 1140.56). The optimal entry was highlighted in my previous publication, a short at the top and SL at 1171.89, which I sadly missed! I'll update this publication with the daily chart as we progress. I've been discussing these ideas with @look4edge, @ncoulb1, @sokow and @jangseohee. Make sure to check out their works. Feel free to comment to enrich this discussion, and good luck if going short! Ivan.
FX:XAUUSDEducation
by IvanLabrie
29