Gold Three Waves Pullback!Gold Witnessed a fives waves down reaching 1802 Level, and entering a 3 waves pullback at the moment.
at first we take into consideration that the pullback is corrective targeting 1863 unless the chart gave us a bullish momentum and broke the target.
be aware of a counter wave for now to retest 1830 level at which it will be a good entry to go long again.
Buygold
GDX ready to push up?RSI above 50, MACD still with a positive upward slope, as well as a rising histogram. Runaway gap from Yesterday made with a big volume spike and wasn't tested nor covered. An eventual test of the gap would be an additional bullish confirmation, but depending on gold's price that may be skipped.
Gold been settling in, consolidation to breakout Have a look at this , Gold has been consolidating and been cooling off the over bought pressure.
Its well cooled off now, have a look at that Weekly 50 on the RSI ( has bounced back and been basis for
bull support over the last few bounces off trendline)
1775 level key level for a strong bounce
I had been waiting for this to drop, but this is too strong ... We should be smashing 2000 soon and beyond !!
CURRENCYCOM:GOLD
Gold Pullback is an opportunity to Buy againGold is probably going to start a minor pullback to finish a corrective wave 2)
that will be an opportunity to long again, as you may see in the chart above my count is impulsive, as i see gold may reach 1901 in the near term, and if broker 1057 again.
wave 2 can retrace 61.8-76.4 % of wave 1 that means the invalidation level is going to be near 1820's. if my count is correct we will expect the third wave to start soon, which is the longest and strongest in term of motive waves
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 $2 Trillion stimulus package in 2021, along with the FED strongly telling the markets rates will remain at 0.00% until at least 2023, investors have little choice to continue to buy Gold as a hedge against inflation.
Gold is already up 28% off the low's of this year and up 244% since 2007 when interest rates where cut to 0.00%.
Gold Buy Signal!!Gold retraced nicely from 1750/60 area, and i believe that the last bounce is impulsive as we can see a 5 wave formation momentum.
that means any pullback for gold between 1820-1805 level is an opportunity to long gold. i know that the vaccine news can work against our analysis but with all respect i think that the market already discounted the vaccination news.
so gold most probably will be affected by the stimulus program that will be adapted form the treasury.
Gold Will Shine againGold finished a corrective cycle A,B,C that reached 1845$ per ounce. the current structure of the bounce from the last low standing looks impulsive,
that means we are looking to start another motive wave labeled as 1,2,3,4,5.
the first wave that contains minor 5 waves is trading in an expanding triangular form, a minor corrective wave (2) retested previous wave 4 near 1886. we are now looking for another surge in gold that is expected to be the longest
and strongest wave labeled as (3).
the risk to reward ratio is perfect for this trade.
wishing you a good luck!!!!
Gold: BOOOM +430 Pips From Yesterday Call Congratulations AllThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Gold trend following strategy,Hello traders
Over the years, many techniques have been used in stock markets, and as far as possible, before market movements, in seeking the best investment and maximizing profit. Two tools stood out in this area: fundamental analysis and technical analysis.
The first seeks to determine the value of a company, analyzing the fundamentals of it, and trying to estimate its cash flows.
Technical analysis, on the other hand, gained popularity for those seeking short-term and medium-term gains, with operations based on methods and concepts, such as candlestick patterns, Fibonacci numbers, and Chat patterns.
Despite the instrumental numbers, a technical and fundamentals analysis studies the stock market relates past events to the present scenario and, mainly, a trend of the active target. It is this basic concept that is based on the Trend Following operating systems.
Trend following is the most consistently successful trading style of all time in financial markets.
Trend Following does not try to predict market movements, but rather to react to the movement that is happening at the moment, we never try to predict what is to come.
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Best regards,
Sandro and Gustavo.