Goldlongterm
GOLD IS BULLISH LONGTERMAiming towards 1910 on gold and then a breakout to higher resistance levels and hepfully pass the main ones i highlighed, specially the MAJOR resistance. 2K Stimulus strong possibility and a really good catalyst. Stimulus check might be a seperate standalone bill, so good news for gold if passes. More money printing for the other seperate bills that add up to similar government spending. GOLD bullish overall longterm. Maybe buy the rumor & sell the NEWS coming up(Christmas rally, Jan-Feb correction), Goodluck!
Gold Trade PlanCURRENCYCOM:GOLD
Simple Forecast
Find rejection once again in the area 1905-1915 .
Now We can open long position on Gold Against the temporary trend.
Temporary trend is Short But On Monthly Weekly Trend is Up.
Gold - Very Long Term Pitchfork LevelsThe rally was successfully called (see posts below).
Next Objective Around $2200-$2300/oz Gold and $33-35/oz Silver.
Afterwards, an objective of $3000/oz Gold and $100/oz Silver.
GOLD BREAKOUT THOUGHTSIn my opinion gold is most likely to rebound around the 1735-1744 area if it keeps heading lower, and then continue the uptrend. DXY will start to decline again.
BREAKOUT fails, CONSOLIDATION continuesWhat i see here is a sideways game that GOLD is going through at the moment. Since it's holding above 1790's pretty well, it is just a matter of time of when the real breakout will arrive. So i extended the triangle with multiple possible scenarios. And one of the reasons the breakout failed today was due to many things getting sold for cash driving the DXY back up a little, and gold back down again. Pure waiting game IMO and still think it is bullish.
Gold consolidation extends updated chart. BULLISHUpgraded model of my last descending triangle chart with many possible scenarios. Bull on gold!
KEEP GOLD IN YOUR PORTFOLIO Hey guys, I will make this really fast The Gold will go up for the next days and I don't recommand to sell It right now . A high propability that It will go up and don't sell It even If gold go down a little bit . (My analasis give high probability)
GOLD MONTHLY CHART LONG GOLD WILL CONTINUE PUSHING UP TO 1786 AND THEN WILL SEE A DROP TO 1550-1590 AND WE SEE A MASSIVE PUSH TO THE UPSIDE.IF YOU WANT TO TAKE A LONG TERM LONG BUY POSITION YOU HAVE TIO WAIT UNTIL GOLD REACHES THE POINT 1 IN MY ELLIOTWAVE ANALYSIS. HOPE I HELPED YOU DEVELOP YOUR LONG TERM VISION ON GOLD . SEE YOU SOON GUYS
What the Gold break out is likely to look like.My take on what the gold outbreak will likely look like in the coming post lockdown inflationary environment.
Gold via proxy - I am neutral because I have to beI am looking to sell obviously, but the question is when. If we look at the previous bull market in gold, the gains were upward of 200%. Do I think money printing is that powerful this time around? The question remains to be answered, and should gold continue it's upward trajectory, price action will be very interesting over the next couple of weeks. I think many traders are counting on 2K gold, and have sell orders at that price. I am considering taking 10% of my meager position off the table prior to that high should it be reached. What happens there will be the deciding factor of wealth for a great many trading accounts. I am trying to be neutral. At this point, if price pushes beyond 2K, I would like to still be a participant. Any and all criticism will be greatly accepted and taken into account.
Gold Long - Xau/Usd - Long into 1700 Entered a Buy at 1585 & 1575 . stoploss will be arround 1540.
End of the month profit taken..
Gold fractal movement Hello fellow trader,
In my previous gold long-term chart (attached below), I pointed out that the trend is likely to follow a parabolic curve (orange).
Since then the price has been printing a fractal movement(colored shapes), which fortifies the previous technical analysis.
As you may see, even the marked volume profile assembles self similarity.
The actual target of the oncoming movement might be a bit lower than the one I projected within the chart.
Trade safe
Nik
Gold Long Term AnalysisGold Current Price - 1,578 USD
Long Term Gold Target in USD (Dollar)
Target 1 - 1,910 USD
Target 2 - 2,140 USD
Target 3 - 2,440 USD
More Targets -
Target 4 - 2,775 USD
Target 5 - 3,010 USD
Target 5 - 3,300 USD
Exit/Stop Loss if close below 1,112 USD
GOLD/EUR Showing A Bullish Falling Wedge** This is a long term analysis**
GOLD/EUR Showing a bullish falling wedge on the 1D chart.
Waiting for price action to confirm the bullish falling wedge.
Focus Time Frame: 4h/1D
Market Condition
1D Short Term: Downtrend
1D Long Term: Uptrend
GOLD bulish target 1550 the Federal Open Market Committee (FOMC) reduced the target range for the federal funds rate to a range of 1.50% to 1.75%. As in the previous decision, Esther George and Eric Rosengren dissented in favor of leaving the rate unchanged.
In line with the September statement, today’s release characterized the labor market as strong and “that economic activity has been rising at a moderate rate.” However, it also noted that business investment and exports “remain weak.”
The statement once again pointed to global developments as well as muted inflation pressures as reasons for cutting rates. However, it removed from the statement the proviso that it will “act as appropriate to sustain the expansion, “noting simply that “it will continue to monitor the implications of incoming information…as it assess the appropriate path of the target range for the federal funds rate.”
Analysis GOLD
H1 has reversal pattern, bulish englufing gold candle appeared to confirm the uptrend.
Today's buying strategy
buy limit GOLD 1491.68 SL 1489 TP 1506
Signal short : GOLD buy 1494 TP 1501 SL 1492
