In the current financial landscape, gold continues to emerge as a resilient asset, demonstrating impressive growth year to date. With an 11% increase in value thus far, gold's performance surpassed last year's modest 1.3% gain during the same period. This remarkable appreciation can be attributed to a combination of multiple factors, including economic...
Head and Shoulders pattern identified, so short established at 2048 at uptrend breach fri 5th may. price annoyingly breached resistance at 2020 so had to hedge orders back up to 2046. further shorts were added from 2040. im expecting the price to reach at least between 1984-1987 area although i do think it may well over shoot before a pull back from that target...
I've been talking about Gold COMEX:GC1! hitting a major high for my last two Livestreams (catch them Friday at 4pm Eastern after the market close). The current price action warrants a standalone post. Each Livestream for many months has had at least one person ask what I thought about Gold. It was very simple: Gold was trending UP to test the major Monthly...
Gold is currently in a flag similar to that experienced last March and April. Last year's flag broke down, very unusual for this formation (normally it is a continuation pattern). Most likely the breakdown can be explained by the strong ramp up in the dollar index last year. Also, gold seasonality is usually weakest starting in April - June. This flag is very...
ICHIMOKU on my chart is for daily chart ,,,,it not important on gold (break trend is king on gold) , ,,,but i want show you 1925 is down target ALERT= on news gold can go up , so put SL on last highs dont pick buy until 1925 area ,,,,buy now is very dangrous ,,,,if you have buys,put SL in today low if you have sell, wait 4-5 day,dont close soon wish...
Trade Idea: Selling Gold Reasoning: Major reversal on the daily. Entry Level: 2034 Take Profit Level: 2003.75 Stop Loss: 2048 Risk/Reward: 2.1/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like...
Do you see how well those Gann fans squared work? -- Gold consolidates at the Gann confluence and either flags to resume is present path along its Gann ray, or it puts in a reversal at the Gann confluence (the crisscrosses of the fan lines). It most often resumes its path along the fan rays. I currently have two possible paths for gold. The first possibility...
last week was the first weekly close below 2k in GC since the recent breakout. Weekly chart highlights the multi-year range, big question is whether sellers have enough to re-take control of near-term trends this week. I don't doubt that Gold can prod a lasting move above 2k, I just don't think that'll happen until the Fed pivots and I'm not expecting that while...
DXY weakness translates into strong gold and now with fears of dollar losing reserve status and Russia buying record amount of Gold, there is a confluence of indicators suggesting now is a good time to be long gold over the next year or two
Silver's price action has been curious, as it started to drop suddenly right at the beginning of February. Lost 5% in a day, in fact. Gold took a little bit longer to move, and notably dumped on a much smaller magnitude. I have an open call from mid-January that gold is likely to correct, and it appears to be coming to fruition: Gold GC1 - Discard Greed,...
Good news for goldbugs: GC Gold futures is projected to take out $2,000. Bad news for goldbugs: I still believe that both price action and fundamentals are short/medium-term bearish on gold and that this swing will amount to an exit pump before lower prices forecast in the below post are achieved. Gold GC1 - Discard Greed, Enjoy the Tranquility of Rationality ...
Recap on my position on the GOLD (GC) that I have in my portfolio with the physically replicated ETC XAD1 on the Frankfurt stock exchange. From WS Italy: Ole Hansen, Head of Commodities Strategy at Saxo Bank, said: “Overall, we expect a favorable 2023 for the gold market, supported by recession and equity market devaluation risks: an eventual peak in central...
Gold (XAUUSD) broke above the previous peak on February 2, 2023 at 1959.74. It shows a bullish sequence from 9.28.2022 low favoring further upside. A 100% – 161.8% Fibonacci extension from 9.28.2022 low targets 2148 – 2360 to the upside. Near term, cycle from 2.28.2023 low is currently in progress as a 5 waves impulse Elliott Wave structure. Up from 2.28.2023 low,...
On Monday, gold broke above $2 000, making a new high at $2 009.85. Unfortunately, gold erased its gains the next day and plunged as low as $1 934.34. Although this drop did not last long either, and after the FOMC, gold skyrocketed back above $2 000. Currently, it trades near the $1 990 price tag. In the long term, we continue to be bullish on XAUUSD. However, we...
Break out break back in with momentum shift. Failure to make new high and broken trend line. Lets see if it plays out
In this chart I draw the price direction of Gold based only on price action. News of course may either help us cash in fast or throw my analysis out of window but that's the beauty of trading anyway. Good luck
A continued decrease in the value of GOLD is anticipated, which recently experienced a rise from $1620 to $1970 price levels between November 2022 and February 2023. GC shows signs of weakness and is likely to continue to head lower, as indicated by the strong rejection of the $1970 price level. The strategy involves a weak correction upward towards the MSS...