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Goldlongterm

Final Stand Before Bull Market!!So far so good, as I've mentioned in my previous chart of gold, we probably won't see 12xx prices ever again. By breaking the remaining resistance line gold will officially enter bull market which will stay for foreseeable future. Everything is ready for it, technical and fundamental wise. back in old days of bitcoin, we were saying will it catch gold or at least goes for parity?! now for gold, will it catch bitcoin?! or goes for parity?!!! :D
FX:XAUUSDLong
by TheRealJohnConnor
Gold All Set to "Tip-Toe" to 1700+ by Q2 2020.Many people over the past several months have been thrilled about Gold finally rising from the dead of nearly six years of doing virtually nothing - and rightfully so! Prices have been able to maintain above the psychological value of 1400 despite ATHs across many world indices. Even after at times, global tensions have waned, and monetary policy has prolonged easing, Gold has remained mostly stable - and above 1400. Contrary to popular belief and compared to many stocks and equities trading on the traditional indices, focusing on quantitative analysis and mathematical patterns are not the only important factors for Gold (and other metallic earth materials); geopolitical, political and global monetary policy have tremendous impact and relevant importance. Although I can list out a large ingredient list of various reasons why Gold will likely soar late 2019 through 2020 and likely into 2021, one of the most prominent reasons will ultimately be as a result of world-wide currency devaluation to overextend and squeeze markets higher, and monetary policy easing. In future posts, I will go into deeper detail why monetary policy patterns matter tremendously for Gold and other metallics, as well as, other reasons for why Gold will rise. Key Retracements: 1) Monday to Midday Wednesday: Gold likely in the 1414-1428 range with possibly bottoming out at the most recent bottom of around 1412; ticking slightly lower to 1408-1410 is a risk but a very low one. 2) Near-term (main patterns to expect from current date and onwards): ~1418 (current) --> 1408-1412 (possible for early-mid Monday) --> 1414-1428 from late Monday through mid Wednesday, then to: ~1450 --> ~1428 then, ~1428 --> ~1495 then, ~1495 --> ~1441 then, ~1441 --> ~1500+ with significant up-trends once 1500 is reached. **Note: Metallics NEVER move linearly and there will be a handful of stronger retracements until 1500 is reached. While my view is assuming a minimum 25bps monetary easing by the Federal Reserve this coming week, even if they come to the conclusion of holding steady (which is extremely extremely extremely low at this point), this would only prolong Golds bull run temporarily - not permanently halt it as global easing is inevitable from Q4 2019 through 2020. Should the Federal Reserve deeply surprise everyone and hold steady despite their most recent discussions and testimony, my posts timeline can be extended into the future by 3-4 months but remain intact. - zSplit
FX:XAUUSDLong
by PaulDeep19131
1
Long term vision on GOLDOn the longer timeframes (1 month) gold broke the horizontal resistance based on the top of summer 2014, July 2016 and around February 2018. For now, it looks the month candle is still trading above the resistance line but, we have one trading week left before the candle closes. So to be safe, wait for one more week, and if price is above resistance line, it's a good opportunity to open a long trade. The more aggressive traders can start building up the positions now, offcourse withe stops below the resistance line. You want to keep the risk low, because it's not been said yet that it's a real break out. Options for fake break out, or stop loss hunt, are still open. This technical long vision also perfectly comes together with the fundamentals: " President Donald Trump said the U.S. will impose major new sanctions on Iran Monday, days after he abruptly called off a plan for airstrikes against the Islamic Republic based on the concept of proportionality after Iran shot down a U.S. Navy drone. " - source Bloomberg " Gold (XAU/USD-spot) closed around 1399.43 in the U.S. session Friday, soared almost +0.63% on safe-haven appeal amid U.S. allegation of oil tankers attack by Iran coupled with lingering suspense about U.S.-China trade war. A full-fledged trade/cold war is positive for tariff/imported inflation and also positive for the precious metal as an “inflation hedge”. Gold is also boosted by a deluge of soft U.S. economic data and hopes for two Fed rate cuts in 2019 and one in 2020 amid an intensifying Trump trade war and the probability of an U.S./global economic slowdown. " - by Asis Ghosh on iforex
OANDA:XAUUSDLong
by DutchFXtrader
Gold flying to the moonWe all thought gold was gonna go down because of the daily pullback but after today we have confirmation that we could see gold go for 1350 area already this week. On the H4 timeframe the price went down around previous low (not exactly), made a new higher low instead, didn't break the trendline and as a gift we received hidden divergence which means trend continuation. We want the price to close above the small H4 resistance to get the last confirmation before we open any positions. If we do see a breakout out of the weekly upper channel we could see the other levels to be potential targets.
TVC:GOLDLong
by Kiavash
8
XAU/USD at a very importat point.On the monthly chart XAU/USD is about to break throuh the trendline which is more than 1 year old. It has bounced off the 50% retracement mark. For very long term purposes the trend is still up. Although, before taking any long postions on Gold. I would wait for a potential whipsaw/manipulation of the price once again to take the gold bugs out of the game. A high probability exists of a whipsaw back to the 61.8 retracement level is there. At that level manipulation of price is not possible as it gets below the extraction cost price of gold today. For long term buyers of gold. I suggest you wait for a full confirmation of the break of trendline and wait for atleast one period (on monthly) before entering into long postions. If whipsaw occurs I would enter short positions upto 61.8 retracement levels which is the next major support for gold. At that level its a very very lucrative buy for long term purposes.
FOREXCOM:XAUUSD
by ifly777