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XAUUSD SHORT TO 1570XAUUSD short to 1570 long term as a major correction is needed after a multi year bull run. Also, on its recent bull run, Gold has move up really impulsively without retesting a lot of major zones, in the process creating a lot of imbalance which now needs to be filled. Inefficiency is a sign of weakness in any trend. From a fundamental perspective, the US10 year Yields rising back to previous highs of 2020, will put pressure on Gold to drop as both assets correlate negatively. Also, with the roll out of vaccines and economies worldwide slowly reopening, the demand for Gold will drop. Waiting on the next big false flag attack by the worlds elite & shadow government, so that I have a reason to start buying Gold again long term!
SAXO:XAUUSDShort
by BA_Investments
GOLD Buy or Sell ? Price Action Is Key. Hello traders: Lately many have been asking about where GOLD might be going, and the question is always whether to bur or sell now. From my point of view, there is no need to rush to jump into the position right away. Let the price comes to you when its ready and execute is going to be more consistent and sustainable. So lets take a look at the overall price action. We know the price is in a higher time frame correction, flag/channel structure that has been correcting since August 2020. The latest price shows us at the top of this HTF correction, and depending on how you would identify structure, looks like price is breaking out now. As always I talk about don't jump into the trades just because price breaks some trendline, S/R line or other indicators. Wait for confirmation with a clear breakout, and a lower time frame continuation correction is best. This would be the first option to look for if it develops into such. Where as the second option would be to see if price will fail to break higher, instead have a reversal impulse on the LTF, pushed the price down out of this current ascending channel correction, then look for bearish continuation down. Very similar like the previous ascending channel that the price formed. Overall from a higher time frame perspective and long term outlook, I still would like to see this HTF flag/channel finish correction and leads to the upside. But we also need to acknowledge the price may or may not be ready now for the upside move, and we need to adjust and have plan to manage if it doesn't. As I always say, let the price come to you. Plan your trade, trade your plan. This is how we can be more consistent, sustainable in trading for long term. Thank you
OANDA:XAUUSD
by jojofang0901
55
Gold’s weekly outlook: May 17-21Gold closed in the green as the technicals continued to propel the price along with a lower dollar. The price was dominated by the inflation fears in the start of the week but it eased away as the economic data suggested a robust recovery which was the reason behind the dip in the dollar and the bonds. The ongoing pandemic continues to ravage the economy as it has forced many countries to shutdown again to battle its deadly second wave which is claiming more lives nearly every day but the economic data speaks completely opposite which is just adding to the uncertainty. Some countries are reopening after vaccinating its population but with the new mutant jumping borders it might create undesired situations again which only adds up to the bullish scenario for the yellow metal. It may look only pessimistic around but the reality is such with uncertainty just going one way up as if not the pandemic the other geopolitical reasons continue to haunt the world without taking a breather which bodes well for the gold as it remains the safest haven. To watch next week – Fed Minutes and other important economic data. On the chart – Gold had a mild green bar but a positive one post an important candle which was showcasing the awaited breakout, the bar created is still a tricky one as it cannot be taken as a foolproof to ascertain the accuracy of the breakout but the bounce from the lows does suggest otherwise as in the retest of the flag/consolidation which confirms the breakout. Given the flag/consolidation is finally broken with a confirmation it makes the path of gold very clear. We have 2 scenarios – 1. Gold closed above the support, till this is held it can go to $1857. If this is crossed it can move towards $1875. And if this is taken out it can rally to $1886. 2. Bears remain ousted post the bullish breakout except scalp trades. Bullish view – Bulls tried to advance higher post the likely flag/consolidation breakout but were grounded briefly as inflation fears overtook though they still managed to end the week with minor gains making a new closing high. The situation only worsened with geopolitical tensions reemerging along with increased fears due to fast spreading of a new variant of the coronavirus which might be able to dodge the vaccine as well. The fundamentals stay deeply in favor of higher prices while technicals have turned ultra bullish post the likely breakout. Bearishness continues to remain off the table post another bullish breakout. On larger terms, gold continues to remain bullish and prices are expected to head higher. Possible trades are on both sides but mainly on upside, gold can be bought above $1846 for the targets of $1857 and $1875 with a stop loss placed below $1837. Longer term target $1886. Dips towards support (and breakout region) can be used to create longs for the above mentioned targets. Shorts can be useful for scalp trades only.
TVC:GOLDLong
by vanimator
Gold Likely to Retrace From 1850.00Gold is clearly starting to develop a new bullish trend; however, this does not preclude the possibility for the emergence of interim corrections along the way. The price action is currently drawing near to the descending trend line (in purple) and the 200-day MA (in orange). Given the significance of the two as major turning points, the price of gold seems very likely to rebound from 1850.00, thereby initiating a minor correction. This is further supported by the fact that gold managed to break out above the 38.2% Fibonacci retracement only today, and the breakout is not yet certain. A potential dropdown could fall as low as the 23.6% Fibonacci (around 1770.00) before the commodity finds the necessary support. The long term target for the newly emerging uptrend remains the same - the 61.8% Fibonacci at 1917.50
TVC:GOLDShort
by Trendsharks
Gold’s weekly outlook: May 10-14Gold created a large green bar after days of consolidation as the dollar resumed its downtrend. The rise in the price was quite sharp once $1800 was taken out and this was more of a technical burst than fundamentally as the situation across the globe continues to remain grim with new virus strain causing a fresh stir of panic as it has started spreading. The pandemic has heavily impacted the economic growth and it could remain a constant irritant for maybe another year or more as most parts of the world have only faced the second wave and historically such events do not end without a third wave. With economic growth/revival still under a dark cloud it remains quite obvious that the yellow metal should continue to shine given its safe haven characteristics. To watch next week – Fed Speakers, earnings and other important economic data. On the chart – Gold finally broke above the psychological level of $1800 with a large weekly green candle which to some extent is showing the start of the long awaited uptrend as it has likely broken the flag/consolidation though it remains to be reconfirmed to fully judge the technical shift. We have 2 scenarios – 1. Gold closed above the support, till this is held it can go to $1839. If this is crossed it can move towards $1857. And if this is taken out it can rally to $1875. 2. Bears likely have lost their last hope due to a possible bullish breakout except scalp trades. Bullish view – Bulls stormed above $1800 as the dollar resumed its retreat along with a deepening pandemic as the fresh mutant scare further stretches the uncertainty. The bulls not only exploded above $1800 but likely broke the ongoing flag/consolidation which should push yellow metal into another league with a new all time high eyed. If the breakout is confirmed then gold will possess unmatched technical prowess as fundamentals continue to remain highly favorable. Bearishness continues to remain out of context. On larger terms, gold remains bullish and prices are expected to head higher. Possible trades are on both sides but mainly on upside, gold can be bought above $1840 for the targets of $1857 and $1875 with a stop loss placed below $1833. Longer term target $1886. Dips towards support (and breakout region) can be used to create longs for the above mentioned targets. Shorts can be useful for scalp trades only.
TVC:GOLDLong
by vanimator
GOLD - Purple War Zones!GOLD is overall bullish trading inside the red channel so we will be looking for Trend-Following Buy setups as (if) it approaches our lower red trendline. Knowing that GOLD can still trade higher from here, to test the upper red trendline. Here are the two strong zones where I will be looking for high probability setups: I call them War Zones, (highlighted in Purple circles) Zone 1: (1790-1800) This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the round number 1800 and lower red trendline. (trend-following setup) Zone 2: (1850-1860) This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the orange trendline and upper red trendline. (over-bought / over-extended area) As per my trading style: As GOLD approaches one of the purple circles, I will be looking for reversal buy/sell setups (like a double bottom /top pattern, trendline break, and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
38
Gold is about to go high again !After breaking a resistance area, that area became a support for the chart and after that the chart got stuck into a rectangle form range market. Today it has broken the top of that rectangle and it is probable that it will go high as the width of the rectangle.The best are for long position is on the the top of the rectangle with regarding that an ascending trend line will support our chart to continue its uptrend.But remember that Gold is extremely volatile and news and other fundamental factors can be really effective on Gold's trends. So make sure that you use Stop losses for your trades.
OANDA:XAUUSD
by khanzadiashkan7
Gold’s weekly outlook: May 03-07Gold remained in consolidation post a stellar run from the lows as a higher dollar limited the gains though this might be just a temporary co relation as seen in the previous weeks. The move in the week was broadly on the Fed’s policy as it remains confident about the near term inflation rise being unrealistic provided enough impetus to the riskier assets which in turn paused the upmove in gold. Coming to the ongoing uncertainty, the pandemic remains an undefeated mighty villain which has and is still wrecking the global economy as new mutants are able to bypass the current vaccines creating another round of heightened anxiety as the situation demands prolonged restrictions and lockdowns. With most countries remaining in grip of the second wave it seems pretty simple to advocate higher gold prices as it remains the safest haven. To watch next week – Earnings, Fed speakers, BoE meet and other important economic data. On the chart – Gold had another indecisive week ending up with minor losses broadly on back of a higher dollar as the other ongoing events continue to provide a sizable positiveness to the price. The pattern breakouts remain intact as the price movement is confined in a range with the major breakout – the weekly flag/consolidation still awaiting to happen which could be on course given push by the smaller ones(breakouts) happened earlier. We have 2 scenarios – 1. Gold closed above the support, till this is held it can go to $1771. If this is crossed it can move towards $1789. And if this is taken out it can rally to $1804. 2. Bears remain isolated as the trend is largely bullish except scalp trades. Bullish view – Bulls again tried to burst higher but failed to even cross previous week’s high as a higher dollar along with a renewed interest in riskier assets held back the yellow metal. The chart is pretty bullish as the pattern breakouts remain respected along with stupendous fundamental support as the world continues to fight against the pandemic which has stalled the economic recovery due to persistent restrictions and fresh lockdowns to curb the rampant virus but has only heightened uncertainty given the inability of the vaccines against new mutants. In such a scenario its highly expected that the ongoing flag/consolidation would break on the upside quite soon. Bearishness still remains off the grid. On larger terms, gold continues to remain bullish and prices are expected to head higher. Possible trades are on both sides but mainly on upside, gold can be bought above $1772 for the targets of $1789 and $1804 with a stop loss placed below $1763. Longer term target $1823. Dips towards support (and breakout region) can be used to create longs for the above mentioned targets. Shorts can be useful for scalp trades only.
TVC:GOLDLong
by vanimator
2
Uranium stock bullish outlook + 400 %The following report will discuss the potential outlook for the uranium market and its stocks (especially Cameco) on which basis superior stocks are picked under the premise to increase the portfolios risk and return potential by applying geographical risk spreading mechanics and return optimizing technical analysis strategies. 1. Macro Outlook It is well known that nuclear energy is a cheap and environmentally friendly energy sources which can be used for the base line electricity generation. Furthermore, many countries are currently working on the so called SMRs (small modular reactors) which will allow a much more flexible and broader application of nuclear energy. Generally speaking, an increasing need for alternative energy sources due to the worldwide decarbonization agenda would lead to a much stronger bias towards non fossil fuels. However, in the past, events like the Fukushima (2011) melt down or Chernobyl have put a dark shadow over nuclear energy due to its dangerous fallout potential. As more and more countries are committing to a low or net zero carbon goal, demand for “clean” sources will significantly increase. Based on the energy outlook published yearly by BP (www.bp.com) the main energy gap will be filled with renewables, while a considerable amount will also consist of nuclear energy. Based on this outlook its evident that early investments in renewable energy or key resources in that field (Lithium, Cobalt, Rare earths, Nickel, Copper) are a good decision. Unfortunately, most of these sectors are already hovering around or way past their all-time highs which reduces the risk reward potential. This is mainly because the potential growth is already discounted in today’s prices and many investors have those investments on their radar already for a while. This is where nuclear energy comes into play, based on the this analysis an early investment in uranium stocks is still a good choice even though they performed pretty well in the 6 months (100-200%, however most assets did..). The more important point here is that those prices are still comparably cheap to their all-time highs which makes them pretty interesting from a risk reward perspective. As renewable energies stocks are already at their highs, uranium stocks seem to just have started to move upwards after a long bear and stagnation period. Currently there is a debate that the uranium prices are usually tied to long term contracts and a spot market is almost nonexistent. Based on that a significant increase in earnings for uranium mines is due when those contracts run out and new contracts have to be repriced under spot terms with higher prices. Some bullish analysts claim that this will happen within the next 2 years. The only question remaining is how quickly will the increase of nuclear energy in the global energy mix move forward (some countries are still reducing their exposure like Germany) and will the supply in uranium favorably not be able to catch up with that pace? Based on some research, currently there are 53 additional NPPs (Nuclear Power Plant) under construction, 8 of them in the EU. According to the IAEO over 100 NPPs are planned and further 300 are in their feasibility study phase. Especially China and India seem to contribute majorly, where China has planned to expand its Nuclear Energy usage from 4% to 20% until 2030. These big players should certainly outweigh any facility closures in EU. 2. Uranium deposits & potential stock candidates Referring to below internet sources, major uranium deposits can be found in Australia, Kazakhstan, Canada and Russia (descending order) which gives potential to decrease the idiosyncratic risk through diversification by investing in different companies and countries. When using the market cap and field of business as the main filtering criteria, below table will give a good summary of potential candidates: Kazatomprom - Kazakhstan Cameco - Canada NexGen Energy - Canada Paladin Energy - Australia Energy Fuels - Canada Altius Minerals - Canada Uranium Participation - Canada Uranium Energy - Canada Centrus Energy - Canada 3. Technical analysis (Cameco) The long-term perspective (left Chart) beautifully shows the extent to which we are still at the beginning of a potential major uranium super bull cycle. In contrast to that, the short-term perspective shows that the current bull trend came to an end as 50MA which was perfectly supporting the price got violated. However, this no shows to just have been a short breather or interim consolidation where traders are taking some profits which were able to increase their stakes by approx. 50% since December. Until the ATH there would be room for an increase of up to 4 times of the current share price. 4. Possible Technical Trading Strategy Since there are some strong fundamentals pointing upwards it might be a good idea to apply a long only algorithm strategy based on moving averages. Nowadays every long strategy is not a bad idea as increasing M2 levels are inflating all assets. In General, the application of the moving average in combination with a fundamental trend perspective allows good market timing in combination with risk management. As the outlook in general is bullish one should always buy whenever a trend is being established by the actual price, crossing from below the MA above. ON the other side one should sell wehnever the MA is crossed from above the MA towards down.Here you can find an example of such a strategy applied for Cameco starting from November 2020 until now. From today’s perspective one could ask how to enter the market. For me personoally now its a very good time to buy Cameco as prices freshly crossed up again the MA which would lead to a fresh buy order. It seems like prices just took a small breather while bouncing back from the blue supporting line and constinuing the bullish path with the MA50. It’s very important not to trade against the fundamental direction therefore its recommended not to short the stocks even though it might appear that there lies some potential profit as well. 5. The other uranium stocks As a sumary for all uranium stocks one could say that the current up movement approximately started at the same time for all uranium stocks (approx. December 2020). As it could be anticipated smaller companies have performed better during the bull run, probably due to the higher risk factor and extended internal leverage structures. Currently the prices seem to consolidate or even reverse in their trend direction. Finally, a good investment mix would be a combination of different geographic locations. Thus, combining Kazatoprom with NexGenEnergy and Cameco should be a good choice. It would include the big names while also being quite diversified. (Kazakhstan, Canada). Further diversification could be achieved by finding a suitable uranium stock located in Australia. 6. ETF Finally, if less technical and more long-term investing is the favored approach it’s a good idea to invest into a Uranium ETF which would spread the risk at low cost due to a very diversified portfolio within the uranium segment held by the Fund. It should rather be seen as an invest into the industry than into a specific stock. The Fund usually charge some management fees which are however very low (up to 1%). One such example would be GLOBAL X URANIUM ETF. In case this sparks your interest please do not hesitate to reach out as it would be necessary to prepare a separate analysis where the fact sheets of those competing ETFs need to be compared. GUYS THIS WAS MY FIRST PUBLIC ANALYSIS PLS LET ME KNOW WHAT YOU THINK!!
NYSE:CCJ
by RobbybubbleX
1
Gold’s weekly outlook: April 26-30Gold had a week of consolidation post the rally of $120 from the lows as the price awaits further cues from the upcoming Fed meeting in the week. Also, crossing $1800 (psychological level) in one go in itself is a tough ask unless its fueled by an impactful fundamental event/news. Riskier assets on the whole were in a consolidation given the continuous flow of positive and negative news which kept it directionless and mainly the Fed meet is eyed for further movement as it should offer more insights on the inflationary perspective which yet remains a cause of worry as the pandemic continues to sweep the globe with new mutants posing a significant danger since the current vaccines are not much effective against them. The actual state of the world economy still is a mystery as the data and the ground reality continues to remain poles apart which only adds to uncertainty and this definitely is a positive for the yellow metal. To watch next week – Earnings, Fed meet and other important economic data. On the chart – Gold had a subdued week cradled between the support and the resistance as it awaits the important event of Fed’s interest rate decision for further direction though the trend remains largely bullish with breakouts getting respected and the move towards the top of the flag/channel on course. $1800 looks like the immediate hurdle and once its crossed then the move forward could gain even more momentum. We have 2 scenarios – 1. Gold closed above the support, till this is held it can go to $1789. If this is crossed it can move towards $1804. And if this is taken out it can rally to $1823. 2. Bears continue to find themselves outcast-ed given the current bullishness except scalp trades. Bullish view – Bulls made a run towards $1800 but failed to even touch it as it remains a whole figure resistance which does not get conquered in one go generally. Still, the move back from the week’s low suggests the buying is coming at every dip which is absolutely in line given the bullish technicals along with highly supportive fundamentals as in the heightened uncertainty caused by the ongoing pandemic and its negative impact on the economic recovery and stability. The stage remains set for the bulls to reach the top of the flag/channel and ultimately break it on the upside which if happens would lead to fresh all time highs. Bearishness still remains off the table. On larger terms, gold remains bullish and prices are expected to head higher. Possible trades are on both sides but mainly on upside, gold can be bought above $1784 for the targets of $1789 and $1804 with a stop loss placed below $1775. Longer term target $1823. Dips towards support (and breakout region) can be used to create longs for the above mentioned targets. Shorts can be useful for scalp trades only.
TVC:GOLDLong
by vanimator