Gold is setting record new highs with no sign of slowing. This is due to gold being a "safe heaven", e.g when there is uncertainty in the market, large investors move to safer options such as resources with limited availability. This is because due to there only being a certain amount of gold on earth at any given time it always retains value. Gold being the...
Following on from previous analysis, (links to charts below), Gold is following my projection Beautifully and as my method users the fractal theory I also see movement that is reflective, of the last highest high in 2013, my analysis is very much based of this theory on long term charts. I do see before the end of the Year, (mid late December), if not earlier a...
Hello Traders, Here's my analysis and zones for XAUUSD, make sure to use proper risk management as buying at 1600 zone could be risky! Trade Safe :P
We still see Gold moving higher and believe it has strong upward momentum having risen above $1600 on the back of continued fears surrounding the spread of the coronavirus. Additionally with central banks likely to cut rates further this year we see significant upside potential for the precious metal as it is popular safe haven for investors.
We still Gold moving higher whilst it stays above support at $1545 and are encouraged that Gold prices have sustained their upward momentum as stock continue to rise. Therefore we can see the precious metal consolidating above $1600 in particular if there is a pullback in equities and the global economy is significantly impacted by the coronavirus.
Gold has from the Start of the year more or less floated between 1545 and 1590, the 2013 ghost went long to a short setup during this time, in reality gold just ranged straight through, this gives us an area to look at in the short term, I cannot see what can stop it now making its way through 1600, with only 1582in its sights. At 1611, gold may either retrace to...
We still see Gold moving higher despite the FED Chairman Powell indicating in his testimony to congress yesterday that the US economy is doing well reducing the probability of rate cuts this year. However, we would not want to see the precious metal drop below support at $1545 as this could lead to prices quickly falling towards $1500.
Prediction on gold for rest of Feb and Early March. Technicals will need to line up and confirm in order to enter buy. Breakout of corrective triangle needed with positive rejection towards the upside. Long term TPs - 1625, 1670, 1705, 1780
JPY pairs looking bearish. Gold broke structure and is now retesting. Expecting this to reach higher heights.
We still have a long view on Gold pre payrolls and are encouraged that there hasn't been a major sell off in the precious metal despite the rebound in stocks this week as well as the dollar strengthening. Therefore we will maintain our long view and we see prices rising towards $1600 whilst Gold stays above key support at $1537.
Gold still looking very much looking like it wants to follow my idea, however the late Jan early February dip was not on the agenda until mid-February, but now looks like falling back on track, only a few adjustments have been made and it also throws up more retraces along its northward climb. Note the broad boarder fractal this is assist me in the slightly...
Actually we are in a KL so we need acumulation before nothing, after this acumulation, the value has done the point 3 of the uptrend and it's already retested, the third confluence to buy is Fibonacci that gives us the information that the value needs to go up, so we can say that XAUUSD WILL RISE it's value.
Gold has pulled back from looking to challenge $1600 on the back of fear surrounding the Coronavirus and the subsequent sell of in global equities. However, we still maintain our long view as Gold is a very popular safe haven and with the current uncertainty and the low rate environment whilst Gold is above support at $1537 we see significant upside potential.
HERE IS MY VIEWPOINT ON GOLD, I MANAGED TO SNAG AN ENTRY AT ENTRY POINT OF LONG POSITION DRAWN UP HERE, MY VIEW IS GOLD WILL REMAIN BULLISH FOR MEDIUM-LONG TERM THIS YEAR .