Metals
GoldGold: reason for more upside. Comparison to a Pesavento gold chart. DXY: about the "100' LEVEL. Trend Lines.
Gold Price Will be $2000| Silver Price Will Be $20 end of 2020I just want to inform to all traders out there that the price of XAUUSD Gold will be touch $2000 and the price of silver will be up to $20 by the end of 2020.
If looking into the history of the gold, long before the price reach $1000, many traders will not expect the price will be going to hit $1583 today.
Year 2000 = Price $277
(10 years later)
Year 2011= Price $1921
Drop year
Oct 2012 - Dec 2015 = Price $1046.46
Demand increase
Year 2016 - Feb 2020 = Price 1583
End year 2020 = 2000?
WHY? If looking into the mining and production to produce gold bar has been drop recently. Comparing to the crisis now that want gold to be a safe heaven asset.
Fiat currencies that you have in your pocket will decrease its value. If you trade forex, just the all of the currency. Are the going up? The answer is NO.
All currencies is dropping.
Tips for you guys for long term:-
1. Currencies- Sell for long term for position trader
2. Gold and silver - Buy for long term position trader
3. Commodities - Buy for long term position trader
What ever supply will be finish and could not cope the demand, go for long trade
What ever supply that losing its value per time, go for sell trade
You will not losing money if you hold your trading as per my tips (just make sure your account balance is high enough to run the price movement and put a low lot)
By Zezu Zaza
GOLD, Almost perfect!)Why do I like geometry? Because it often meets on charts.
- Fibo Retracement;
- Fibo Spiral;
- Gann Fan;
- Gann Square...
These are my favorite!
Thanks for your support!
BTCUSD OPEN HOUSE! SEND IN YOUR VIEWSLet’s Hear your View
What’s your take on this huge bearish divergence on BTCUSD.
Do you think the price would move Up or Down or maybe Break the Uptrend Channel?
Send in your Views and let’s discuss!
xauusd new updatewhat I am looking for is for a sell move, I believe that the price should go down before it goes above the 1600 level. entry point 618 level of the mini-trend. I'll take entry with good rejection confirmations. Tomorrow is NFP we can expect it to fall but let's see what will happen.
Goodluck
GOLD patterns bigger picture so just have a look right at both price bars and ask yourself at this current moment do you really think gold is still gonna move higher ? yes might creep up a little bit more but this does show more signs for moving lower again at some point in time
my overall bias for gold is to move higher eventually but i cant see this happening anytime soon and just look at the size of the last corrective phase ? course there's going to be buys and sell within this structure zoom out and just look at price action
this tells you everything you need to know but yes this could all fail and gold could just fly to the moon but just be aware that this shows signs of moving lower
hope this help a few as i've been getting a lot of messages about gold this is just what i see has anything can happen
hope you've all had a great weekend lets get some profits :)
Gold Potential Buy SetupConfluences:
Support region/Line + 15 min Double bottom
How will I enter ?
I will wait for a clean break above zone and retest once a bullish candle forms I will buy.
Take profit - Is in the region of of 85-95pips.
Stoploss will be 25-30 pips.
We are looking at a 1:3 risk to reward ratio.
XAUUSD – GOLD has to decideWelcome to our Academy. We’re here to help you achieve what you have been looking for.
Use our free analysis where you have everything you need for potencial trade ideas and profit.
XAUUSD – GOLD has to decide
Trend: Sell/ Neutral
Price now: 1560.17
Support/Resistance:
R3: 1588.15
R2: 1577.45
R1: 1563.08
S1: 1555.12
S2: 1540.16
S3: 1531.75
Price action:
Overall flow on xauusd is bullish, but that doesn't mean the price can go deeper then it did. Price of gold is at decisional point between 1563.08 resistance level and 1555.12 support level. Once one side will break one of these price action levels we can go with the flow. We'd be carrefull especially at selling because of overall bullish flow. On the other side if bulls are able to break first resistance, then we might easily see following buyers targets.
Potencial trade idea:
Bulls targets:
T1: 1577.45
T2: 1588.15
Bears targets:
T1: 1540.16
T2: 1531.75
NOTE – We are trading XAUUSD via the preferred trading setups by EliteFxAcademy
Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education
Good trading!
Elitefxacademy
AUD/USD - Explosive analysis - ASRThis is a great first post!!!
So recently we transferred from our other tradingview accounts and decided to start afresh, again with a trading view orientated around our Fund
W2 Capital - Select Alpha, and our trading community W2 Trading!!! with that in mind as we near the end of January 2020, Bradley and I spent some time conducting our A.S.R and going over the data for AUD/USD to capture our trading data and dig deeper into the statistics behind our positions!!!!
This is just a snippet of how we trade and exploit our Edge to capture Alpha!!!
January has been an insane month and we are looking for to opening up our doors and providing you all with extreme value whilst helping you learn how to trade the financial markets!!!
Gold OilGolds...it looks like it will prove to be a bear trap...but still has to move higher. Oil did not look like a buy yesterday, but might be generating a buy signal now...but is not an easy trade ( which is why I post "tutorials" and not trades...and that way...you might end up calling me stupid, but you cannot claim that I told you to go long and lost your money ).
Gold1.20.20 Gold runs the stops. Also discussed a way to trade the smaller moves on the way up for traders who have the ability and the temperament for this kind of trading.
More detail Video 21.20.20 More detail from the previous video...possible for some trades to look to short ( and make money ) when I would be looking to be long. And they might do this because they they know where the other sellers are...and they are willing to take the trade...with a reasonable target and an acceptable risk for their trading style.
wave 3 extension 4.25 and example of wrong EW analysistfrom this chart, you will see
a faulty / wrong EW count
wave 1 = 100% wave 1
wave 2 = 31.8% wave 1
wave 3 = 200% wave 1
wave 4 = 31.8 wave 3
wave 5 = 100% wave 1
note this chart using 1h time frame
What is a Range-Bound Market?Sometimes, price bounces between two specific levels for long periods of time. In times like these, we have what we call a “ranging market.”
LEARN MORE
new way to adapt to trend change part 1 (introduction)1. make 2 trend line each downtrend or uptrend
2. both trend line must be identical, copy paste 1 trend line to make 2
3. use whatever tools you friendly with, I use Elliott wave
4. this way I could see the downtrend
important note:
I just discover this theory today
may not good, that's why I will testing it and create part 2 later
Corrective FLAT ABC WAVE type RunningABC FLAT got 3 type
1. flat regular
2. flat running
3. flat expanded
flat running = extension on wave B (wave B longer than wave A)
3 waves with structure (3-3-5)
A= 3 (ABC)
B = 3(ABC)
C = 5
A = 100%
B = 127.2% wave A
C = 61.8% or 100% wave A
RISK:
could transform into the expanded type
A = 100%
B = 127.2% wave A
C = 100% or 127.2% or 161.8% wave A (see the fib level on chart)
Gold1.2.20 MORE PRICE ACTION...and challenges ( and solutions ) regarding risk:reward. If you gave not looked at the previous video you should look at it as well because it relates to this video.
XAUUSD education ideaXAUUSD education idea
There's an interesting channel option on the Weekly chart.
The price has risen to the fibo 61,8% - Wchart
If today and tomorrow the price drops slightly, a PINBAR is formed - bearsh signal.
But the bullish trend is very strong now.
Dear traders I will be glad to see you think about it.
The Art of Opportunity Cost (Gold Miners)While Gold is inching closer to its prior all time high, it is not that rosy for gold miners and gold mining stock.
After reaching its all time high in 2011, the gold miner ETF is still down roughly 60% from its all time high. And this was the fate for majority of gold mining stock.
Of course if you dig deeper into some of the gold bugs who sell their client to only buy golds, they were investing in gold mining stocks. Of course never tell the story about how much money their lose and the opportunity cost they lost for the past 8 years hanging on to gold mining stocks.
A stark reminder that market is very cyclical in nature, nothing goes up forever, nothing goes down forever.
Nasdaq will eventually crash, commodity will eventually enter into another bull phase.
But without understanding of market cycle and constantly being trapped by SHILLERS who only knows how to sell, not how to make money in the financial market, most people lost out from making big gains from the market.
Yeah, if they are lucky, maybe they able to buy some gold miners on Dec 2015 and made some hefty gains, hopefully they sold and cash out in 2011.
Market is cyclical.
Stop fall in love with any assets.
Play the market cycle.
Play the smart money game, don't be the dumb money.
If you want to make money from Gold and Gold miners, make sure you understand the gold market cycle, and the commodity cycle and understand that if you want to make money, you need to buy low, and sell high.
General Markets AnalysisBITFINEX:BTCUSD
FX:EURUSD
NASDAQ:FB
CBOT:ZT1!
AMEX:SPY
COMEX:GC1!
Bitcoin, EURUSD, Facebook, T-Bonds, SPY, Gold, etc...it is not important to make profit on a specific asset. What is important is to optimize operations regardless of the assets, clearly selected and constantly monitored.
Potentially earning $10,000 on cryptocurrency or forex, while maintaining a high risk profile rather than $5,000 with a low risk profile, won't get you very far and especially it's not the setting of the big traders.
If you intend otherwise to allocate capital to a diversified portfolio of stocks, commodities, cryptocurrencies, bonds, indices, investing in the long term then we are talking about other things.
