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Buygold

Gold to retest its lows, reversal potentiallyGold has taken over 7 days to decline back to its lower low. I don't believe that price is prepared to push lower. I will await a re-test of the lows to indicate whether I will go long on gold at the bottom of its consolidation range. As long as price continues to decline with these indecision candles I'm under the impression that it will suddenly become bullish after a reversal candlestick retest at the low of 4H bullish engulfing confirmed.
OANDA:XAUUSDLong
by DesharedPierreJr.
Gold creating its 3rd higher high after a steep declineI believe it's time to counter trend trade this pair. I plan on counter trend trading this pullback(retracement) of a daily lower low. TDI was too bearish on the 4hour chart from me to take a long position on Friday but now, all signs are clear for a buy upon a reversal signal at re-test. The swing high is around 1983.27 the swing low is around 1958.15. the neckline for the double bottom is the weekly support. I've already remarked up my chart for the 4hour supports and resistances. I intend to trade as relatively close to naked as possible since the candles speak for themselves as loud as the fundamentals. We're up all night to get lucky as we become more patient with this setup we'll learn that it's the simple fundamentals and basic levels of structure that determine our bias for direction we must be attentive and prepared to switch immediately upon a retest of structure.
OANDA:XAUUSDLong
by DesharedPierreJr.
Gold - Buy Set UpIn this Video we look at why Gold prices have risen from $800 an ounce in 2007 to $1,800 an ounce in 2020 as the U.S 10 Year Treasury Bond Interest Rates has declined. Investors can no longer protect the purchasing power value of their dollars from Inflation through buying U.S Treasury bonds, as interest rates are now pegged close to 0.00% by the Federal Reserve so the U.S Government can borrow at cheap rates to help the U.S Economy coming out of the Covid-19 resession. Gold has been in strong demand since 2007 when interest rates have been cut. The commodity loses it's value when interest rates go higher. With President-elect, Joe Biden pushing to pass a $2 Trillion stimulus package in 2021, along with the FED strongly telling the markets rates will remain at 0.00% until at least 2023, investors have little choice to continue to buy Gold as a hedge against inflation. Gold is already up 28% off the low's of this year and up 244% since 2007 when interest rates where cut to 0.00%.
OANDA:XAUUSDLong
by KayansMarkets
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