Aurum
GOLD - XAUUSDLocally, the XAUUSD price broke through the downtrend lines. Now we are near the first resistance of 1900. The next liquidity level is near 1950.
Many experts believe that the price will move sideways until geopolitical tensions subside or until the FED raises interest rates. However, even if rates start to rise with high inflation - the real interest rates are likely to be negative. Therefore, they believe that gold will remain attractive as a defensive asset.
Rising gold = a traditional harbinger of crises and slight shocks in the stock and crypto markets. Gold is an excellent choice for those who don't particularly want to go into cash inflation but don't want to be present in dive markets.
Best regards,
EXCAVO
XAUUSD / GOLD WEEKLY TECHNICAL ANALYSIS - MAR 23-28GOLD PRICE ACTION APPEARS TO BOUNCE BACK OVER THE PRICE OF 1515 BLOCKED BY THE LONG TIME RESISTANCE, BEARS TENDS TO TAKE CONTROL THIS WEEK , DUE TO FUNDAMENTAL REASONS TOO .. IT MOVES DOWN,
NOTE - USE SMALL POSITION , DUE TO HIGH VOLATILITY IN THE MARKET
GOLD tight above the Mirror Level!The price tight above the Mirror Level 1649.0 and if we will see a breaking down it can be a nice opportunity.
But be careful today because the price moved more than 1 ATR. That's why it will be better to look for this trade tomorrow.
The potential target is near $1611.0.
Good luck!
Dear followers, the best "Thank you" will be your likes and comments!
Before to trade my ideas make your own analysis.
Thanks for your support!
LONG / buy dip for this precious metal; GOLDAssalamualaikum and hye !
Looks like GOLD has completed wave i. Now assuming the wave ii is forming right now, it is best we can do to wait for its completion. Or simply wait for clear breakout to continue long for this trade.
Our strategy:
1) By speculating price stay above our invalidation price @ 1535.756 , we buy dip
2) Or wait until complete wave ii and clear rejection price upwards before entry buy
I hope you get some ideas.
Thank you for reading, Good Luck !
GOLD: Thermometer of World Economic Sentiment (II)Hi Guys,
the narrative of this post is the same applied to my post dated April 13, 2019 (below)
Financial Crisis have driven Gold price up. CBs around the world have responded by implementing policies aimed to stabilize the financial System.
The run started after the collapse of investment bank Lehman Brother when Gold retraced from 1032 to 730 in 2008. It took three years to get to 1920, then...profit taking in Sept.2011!
In 2012 skepticism was surrounding the policies implemented by CBs and for 18 months Gold was supported at 1570/1550.
Finally at the beginning of 2013 demand for safe haven dropped and Gold dived to reach 1046 in 2016.
After 4 years since 1046, Gold is now back at 1570/1550, previous support between 2012 and 2013 now become resistance.
Click & Play the followings to watch price unfold
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
Gold is cruelHi Guys,
It's Dec.24th, Christmas Eve, and Gold has just crossed the descending trendline of the following chart ( Click & Play it to watch it unfold )
The breakout have written "buy me" all over it. It could easly climb back above 1500 considering the current bullish outlook. There is no doubt that such a move will attract lots of buyers aiming for highs above 1560.
I was expecting a drop in Gold when US and China announced Phase One of the Trade Deal on Dec.13. I was bearish on Gold when UK elections delivered a conservative majority. I thought these factors would have removed uncertainties and favoured risk appetite therefore away from safehaven. But they did not. Gold resisted well at all these bearish forces including NFP above expectations and it has breached the descending trendline right on Christmas Eve.
Could Gold have done it last week instead of moving in a 6$ range? ( Click & Play it to watch it unfold )
No. The yellow metal had to wait Dec.24 before making a move. Is it a Christmas present for those who take profit or an opportunity to position long for a prosperous 2020?
2019 has been a great year for Gold already. Since year started Gold made two bull runs without consiering the run made in the last three month of 2018.
IMHO it may be a good time to retrace such rush as it did when Gold corrected the run made in the first half 2016. Current outlook may turn around in 2/3 weeks, converting itself in a bulls trap like it happened following Trump's election.
The move IMHO may be triggered if and when Phase One of US China Trade Deal is signed mid Jan 2020.
In the meantime expect a lot of Tweets from Trump. LOL
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
Gold: Just a snapshotHi Guys,
just a snapshot.
Interesting to see how differently Gold reacts to FED policies.
At the end of 2015 FED started hiking (Gold in 2016: www.kitco.com)
In 2019 FED made three cuts.
But in both occasions Gold always made a run. This is because Gold react on the impact that FED policies have on the economy and especially as an INSURANCE POLICY vs impact of rising tensions between US and China.
Whilst rates hike were seen as negative or dangerous for the economy in 2016, now rate cuts are seen as a positive boosting factors for the economy.
But if this is correct, why is Gold not dropping yet?
Maybe waiting for the US-China Phase One Deal to be signed in mid Jan'20?
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
Gold: just an optionHi Guys,
here just some thoughts. With US equities in Christmas Rally mode I am not confident the descending trandline will be crossed. However, since Gold is a commodity and not only a safehaven, maybe the chances are higher then I'd expect.
TO NOTE STRONG RESISTANCE AT 1480 (last week Gold was rejected 5 times at this level, one for each day of the week)
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
Gold: week ending just some infosHi Guys,
At the end of last week risks such as Brexit and US China deal faded but Gold didn't react as many were expecting.
Gold has been ranging between 1474 and 1480 since Mon. Two fake breakouts occurred on Wed and on Thu.
The 20BB tries to capture this week's range inside above levels.
If we consider that Gold reached 1550 with FED cutting rates I do not expect price to aim above in the short term, whilst I do favour an extension of the correction.
However ths is not happening despite improved climate in respect of Brexit and US China deal.
If you click & play above chart, price is not following narrative and formed what look likes a triple bottom whith higher lows pushing into resistance.
Why is Gold acting like that?
If you click & play the below chart you will note how Gold runs into resistance with bullish bias. Will it be rejected or will it manage to breach it? Will it consolidate above and keep running or will loose momentum and resume it's fall to extend the correction towards 1445?
Just for information please note that I've been working on this chart all week and posting snapshots in the chat. The majority of snapshots have been posted in the updates of previous idea too if you want to have a look at them.
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
Gold: Recap from NovemberHi Guys,
the situation is the following.
On Nov.7h Gold breached support at 1479/80 (light blue bold horizontal line). The break was favoured by a big Gap-Up in US stocks, prompted by growing optimism in respect of US-China Trade Deal as detailed in the following idea posted on Nov.9th (Tradingview did not allow for this idea to be public because timeframe is 5 minutes).
If it was for me all ideas should be public regardless timeframe.
Apex of this optimism was reached when news came out about U.S. willingness to lift tariffs.
When Trump said the reports were incorrect, optimism stumbled for support and formed (B). From (B) Gold retraced 0,382 Fibonacci of AB to make (C).
BC may have been a Bear Rally but under these circumstances I am not 100% convinced it can be called so.
At (C), test of support become resistance, the 100SMA pushed price down again towards (B). Such push from the 100SMA represents the "Bearish Pressure". Same "Bearish Pressure" that was defeated when pulling back from (D).
Click & Play the above to see how the rounding bottom forming (D) unfolds.
(D) is a rounding bottom at same level of (B). Such structure provides a nice support for bulls to try to attack the descending "Bearish Pressure". Infact price pullback from (D) and breaks the 100SMA to run into 200SMA on the upper band of the 100BB at 1479/80 as detailed in the following Public post:
I really liked the idea of a CUP & HANDLE (Gold likes it too) but good NFP above expectation boosted optimism on US economy and pushed Gold price down. I am not labelling the circled area because I don't know what it could be yet. If you have any idea please share it in the comments.
TO NOTE: RSI primary chart modified to follow price moves above & below 100SMA. This shows that sentiment returned positive before NFP. NFP pushed sentiment back into bearish territory. Gold price is still above double bottom which provides support.
The following ideas may help to make some planning:
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
GOLD vs SILVER vs GOLD/SILVER RATIOHi Guys,
just some infos.
Following surprising NFP datas today, silver has fallen below B whilst Gold/Silver ratio has run above.
Gold instead remains above B.
Does it mean that Gold will soon follow Silver? I don't know...I am asking. Lol
Here a link to the explanation provided by Investopedia in respect of the Gold/Silver Ratio: www.investopedia.com
And here an idea posted some time ago with some snapshots:
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
GOLD: what if...Hi Guys,
uncertainties over a US China Trade Deal by year end formed a double bottom in divergence with RSI that favoured the pullback from D into descending 200SMA and on upper band of the 100BB. To note that this encounter between BB and SMA occurred when sentiment was overbought.
A similar formation occurred few weeks ago when B was forming. Here the idea posted at the time:
The pullback from B retraced 0,382 Fibo of AB before receiving the push down by the 100SMA to from D. Is the 200SMA pushing the same? Or will price manage to break through towards E(D) into descending trendline?
If the latter was going to happen, and that is a CUP & Handle, a good opportunity may be when handle breakout. But, it may not be that easy to position with adequate stops as a 200SMA keeping price down is very strong.
TO NOTE. NFP will be released today.
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
GOLD: US vs China trade war TimelineHi Guys,
I had this idea from Reutres as today they published an article with a nice SPX chart with a timeline of the US-China Trade War. For easy reference please find below the article.
www.reuters.com
To note how trade news impact both markets in a short-medium terms whilst on longer terms other factors IMHO have a much bigger impact i.e. monetary policies and fiscal policies.
Please share your view and for additional infos about GOLD have a look to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.