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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!
TVC:GOLDLong
by djpsypher
1
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.
FX_IDC:XAUUSDLong
by djpsypher
3
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.
FX:XAUUSD
by JJMa
1
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
OANDA:XAUUSDLong
by UnknownUnicorn1539772