We still see Gold moving higher and consolidating above $1600 as it has strong upward momentum mainly due to fears surrounding the spread of the coronavirus. Additionally, the FED indicated yesterday that interest rates are unlikely to rise anytime soon therefore we believe that Gold has the potential to move much higher in particular due to it's safe haven status.
We still see Gold moving higher on the back of fears surrounding the spread of the Coronavirus and the impact it could have on the global economy as evidenced by a significant drop in equity markets as well as oil today. Therefore we expect Gold to keep moving higher and we believe it could pass through $1600 in the coming trading sessions.
Gold has regained it's upward momentum over the past few trading sessions and we see significant upward potential in the precious metal mainly as a hedge to renewed geopolitical tensions or fears surrounding global economic growth. Our view is reinforced due to the continued Dovishness of central banks with the Bank of England last week indicating that rates could...
We still see Gold moving higher despite optimism surrounding a US and China trade deal to be signed as well as Middle East Tensions easing over the past few days. We are encouraged that the precious metal challenged key support at $1537 before recovering as we see potential for prices to once again surpass $1600.
Really strong move for gold in 2019, and then a period of retracement towards the end of the year. Now broken out again and made a new high. Just dropping back to back test prior high IMO and a good time to buy. A sensible asset to hedge dollar weakness when the fed and other central banks are in batshit crazy mode in my opinion.
Daily chart of course shows bulls have strength and one hour if gold drops I will be looking to go long all intra day trading
Gold prices have surged on the back of a US air strike killing a prominent Iranian general prompting Iran to declare there would be severe retaliation on the US. Therefore we see Gold moving higher and challenging 2019 highs at $1557 and see support at $1537. However, unexpectedly hawkish comments from the FOMC minutes later today could put downward pressure on...
Gold on the weekly looks like it has been in a area of consolidation forming a Bull Flag. Outlook is bullish with the price of gold at or near 1720 by the end of 2020 (13%). It finds itself at resistance near $1560, but the weekly RSI is trending up. Looking for a strong push through resistance, testing level as support and working it way to 1720.
On our previous analysis we were short gold but as the precious metal has risen above the key psychological level of $1500 we see Gold challenging YTD highs early next year at $1556 if it breaches resistance at $1535. Gold has gained upward momentum over the past week as the market still awaits the US and China formally signing phase 1 of a trade deal creating...
‘Bout to put some o‘ that dry powder to work, real SOON! :D
Following on from my previous analysis, I have taken the starting point of the next fractal, (R/S 4) from the next main resistance level from January 2013, although R/S 5 and R/S 6 cannot be taken out of the idea I decided to take the lowest out of the three. As seen in my previous chart gold moved along the right fork, this has been projected to the next fractal...
Gold rejected the daily support level at 1450 and is now slowly moving to the daily channel resistance at 1487. Opportunity to catch some pips on the retracement.
Buy Stop a little above the ideal Buy Stop Orders incase price action chooses to activate those orders and then drop, meaning hitting all Long Stop Losses. Falling Wedge Breakout RR is Optimal.
As a zoom in from a previous chart analysis, gold went with pace to 1486, as of late a Trump tweet sent it back to 1470, nothing special here, the overall trend still shows a break of 1600 in the new Year, I forsee further break of 1700 by May
The price on the candles of 1D made a descending channel, which was broken and made a retest. A break from the 1480 will probably lead us to 1520.
Hi Traders This is my idea about Gold . I think we will have a bullish wave from this point but this is a correction and i think we will have a bearish wave after that . Buy Now Stop Loss : Breaking 1459 Support Zone ( Not a fake break or shadow ) Target : 1471 *Please consider Money Management and Risk Management and follow your rules . this is only my...
After an overall bad few months for the precious metal, we can expect a start to the upside now. Historically gold tends to rally through december/january. We can see, the lows of november hit the critical 0.618 retracement level indicating to me the start now of the correction. Upside target of around 1555 possibly looking further to 1600.