FLASHING RED!! BRACE! 🚑😲This is serious picture emerging right now. Have a look. I'm watching what's happening with Gold in relation to the Down Jones Transportation Index, and Bitcoin. This is all coronavirus related.
In tight summary, the smart money is moving into things that store real value - the kind that's unlikely to be affected by central banks.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
Metals
ARE YOU SHORT ON SILVER? GOLD? MUST READ!Concerned. Had always dismissed claims that silver would not be available when the time came but tonight, I've just noticed apmex.com (a top online retailer for precious metals) has now listed many of the top selling 1 OZ SILVER BARS as PRE-SALE ONLY. AKA SOLD-OUT. Then I checked the smaller sub ounce gold coins. Same story.
Wonder what happens next?
FOREXCOM:XAGUSD TVC:SILVER TVC:GOLD OANDA:XAUUSD OANDA:XAUEUR FX_IDC:XAUCNY OANDA:XAUJPY AMEX:JNUG AMEX:JDST AMEX:GLD AMEX:GDXJ AMEX:GDX AMEX:BTG NYSE:GOLD AMEX:NGD FX_IDC:XAGUSD AMEX:SLV
Gold need to hold 1430 to 1440 for Wave 3 to continueGold need to hold 1430 to 1440 for Wave 3 to continue .. Going break the support around 1550 is also not bulish.. let us watch for next few weeks on months..
If 1800 crosses we can expect 2500 in next five years.. As of now i have negative bias to go below 1550 and 1400.. let us watch it
Gold vs Ringgit, Safe Haven against Political MessMost Malaysians don't know that Gold is doing quite good versus ringgit, and Gold versus Ringgit is in a PARABOLA, which may continue to go higher in the future. That's why I don't hold any fiat or cash. Fiat or cash are only losers.
Tried to educate them, sadly, most of them don't know and don't care about investing, they care more about politics and other stuff. Nothing much can be done.
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
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!
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