- **Gold Price:** Gold is holding above $2,500 ahead of the US Non-Farm Payroll data, having reached a high of $2,523 yesterday and currently trading around $2,517. - **US Economy Expectations:** - August Non-Farm Payroll is expected to increase by 164,000, up from 114,000 in the previous month. - Unemployment rate is expected to rise to 6.5%, from 6.4%. -...
*Note #BRK does own Barrick Gold #ABX Very interesting chart pattern 25 years in the making The close of September should mark a confirmed breakout, of Warren Buffet's famous holding company, against Gold on a quarterly basis. More evidence of a Melt Up in paper assets? And the continuation of the Bull market in the "roaring 20's" If this is a continuation...
Gold is keeping a strong uptrend after breaking all time highs. We may experience small retracements, but we know the overall momentum is to the buy-side
Hey Traders, in today's trading session we are monitoring AUDUSD For a selling opportunity around 0.65900 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65900 support and resistance area. We would also consider the current bearish momentum on Gold and indices since AUDUSD have a positive...
Wheaton (WPM) : NYSE:WPM Due to growing interest in the gold market, we've decided to include a mining stock in our analysis, specifically Wheaton Precious Metals Corporation, a Canadian company that focuses primarily on gold mines. We start with the weekly chart to examine this company. It's important to note we're dealing with Canadian dollars, not to be...
Hello traders! The xau/usd (gold) pair is in a triangle pattern. In my opinion, there are two scenarios. Scenario number 1: The pair should test the level of 1975.00 and then take a buy move at the level of 1992.0 and continue a buy move towards the level of 2009.33. Scenario number 2: The pair should test the level of 1975.00 and then take a buy move at the level...
Looking back to 1928, when the time series for the S&P 500 began, U.S. equities have had an average annual price return of 5.9%. But gold isn’t far behind with an average yearly gain of 4.9%. It can be instructive to reprice equities in gold terms by dividing the S&P 500 index by the dollar price of gold. The S&P 500 to gold ratio has been through broad swings...
Hello traders! My opinion is that the pair is in the channel scheme. The price has reached the zone of consolidation, which means it has brought a confirmation for sell at the level (1.0440). Key level (1.0440)! If the bears keep the move, we have a possible scenario and a test of the level (1.02870), but if the bulls reverse the move, we can have a retest of the...
Hello traders! If the price breaks the neckline, then there is a movement at the level (1.0790). But be careful! A movement occurs if the price breaks the level (1.0450) for a discount to the level (1.0320). Wait to enter the trade! Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
Hello traders! Wait for the break to enter the trade! Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
Stocks to gold ratio. Gold is accepted everywhere and in all time periods. Dollars transform as the quantity changes. You think russia or china wants to save dollars in this geo political climate? inflation is a tax, an invisible one. your energy is sapped, and your not supposed to know why. education is wealth. best wishes.
$DXY sideways Will likely move after #FED meet Tomorrow will give BEST idea of direction it's going $BTC has also been stagnant lately @ 24k #GOLD not as much but #silver stuck in range #OIL fighting not break down, small uptrend #DXY #Crypto #BTC #Bitcoin #dollar #currency
PAIR: XAUUSD TIMEFRAME: 1H It is important to note that the instrument, GOLD is classified as "stock" and does not necessarily behave like the regular currencies. One may think price would retrace; correction after the impulse move but from experience, price would keep rallying up until trendline -X which marks a channel. But like always, the pair is full of...
Hello traders! In my opinion, in short term this pair is Buy. Level One: Sell 1788.00 Level Two: Buy 1823.90 Wait for a confirmation! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
TECHNICAL REASON: Price was within the zone of interest and the 4H candle has no lower wick which means everyone is priced one way; could see some profit taking ahead of FOMC FUNDAMENTAL REASON: It is worth noting that to the Fed, to gage inflation and how sticky it is or isn't, they are looking at jobs (more than CPI, PPI etc). Since the job market isn't...
Gold could possibly be in a WXY correction. This could be a potential short at the 61.8% retracement of wave a of Wave Y. Once the market comes at that level I will be looking for price action confirmation. If price action rejects nicely and we dont see break of market structure to the upside. I will be looking to sell. #ElliotWaveTheoryRocks
Looking like gold will take a dip down, what do you guys think?