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GOLD - Weekly - Multi-Timeframe Analysis Series 1GOLD has a correlation to the strength of USD, as a risk-off asset investors seek haven in the event of Dollar weakness (USD falls > GOLD rises). I'm sure there's more to it than that, be sure to check it out online for yourself. Comments As anticipated during the breakdown of the Monthly timeframe, looking at the Weekly you can see how we respected the 20/50 EMA wave and bounced to the upside. Considering the amount of deceleration looking left when we previously approached the upper level of the zone, and comparing that current price conditions, I foresee more upwards pressure this week in the form of consolidation. Monthly swings take much longer to develop and turn around than that say on of the Daily time horizon. If I am to get short on GOLD it will be after a push to the upside into the 1330 region, or below the 1280 level. The only problem with getting short below 1280 is we'd be trading directly into the 20/50 EMA wave (which is a big negative trade confluence). This is an unnecessary risk in my opinion. Key Note Taking a short at the top of the range has less risk than shorting closer to the median / Weekly mid-level of the range.
FX_IDC:XAUUSDEducation
by robdee4x
GOLD - Monthly - Multi-Timeframe Analysis Series 1GOLD has a correlation to the strength of USD, as a risk-off asset investors seek haven in the event of Dollar weakness (USD falls > GOLD rises). I'm sure there's more to it than that, be sure to check it out online for yourself. Comments The Monthly timeframe has a clear to identify trading zone from 1330 - 1180 region. Alone this isn't enough to form a thesis for the direction of GOLD in my opinion due to the level of acceleration into the resistance zone of 1330's. Looking left you can see a clean sell-off followed by a decisive buyers rally. This tells me there's interest in buying GOLD which could see prices near the highs before a fall back down to the bottom of the range. Looking at the candlestick formation at the top of the zone, we have a nice high test candle which stands out from the rest of the price action looking left. I would like to see more deceleration though before trading GOLD to the downside. The current month hasn't come to an end yet, so the most recent Monthly candle cannot be considered complete. Key Note During a ranging market, the EMA's will trade sideways and cannot be used with the same set of rules as during a trending market. If a range is formed on the Monthly timeframe however, a trend can exist on the lower timeframes. You need to be aware of your time horizons when considering confluences. Price always rules over indicators.
FX_IDC:XAUUSDEducation
by robdee4x
Gold is in a bubble - only traces inflation due to 'Reflexivity'Do not follow the financial advice of dinosaur gold shills, who are mostly over the age of 65 years and have weakened IQs and memory retention. Please study George Soros' Theory of Reflexivity (inb4 "Soros is evil, Qanon blah blah blah"). Gold only traces inflation because people 'believe' it should trace inflation. Gold has little to no utility in manufacturing especially given the discovery of synthetic substitutes ionised from copper particles. Gold is a great luxury asset used in the production of Jewellery which the world has an over abundance of already, that can easily be recycled. Like all asset bubbles such as real estate, stocks, bonds, etc Gold is also in a bubble. Gold has no future in a digital economy. The world has experienced the greatest reduction in poverty since the abolishment of the gold standard. This is due to the velocity of money, where the faster the exchange of value is in any given economy the more growth said economy experiences. The world will never return to a 'gold standard' because the negotiation of trade and the rules of exchange can be much more efficiently coordinated and managed using computer networks and high tech communication systems. Gold is a barbarous relic, and has no inherent/intrinsic value since all words and perceptions of value are subjective and change rapidly over time. If value is subjective, and we live in a highly complicated matrix society that has vast computing resources at it's disposal then what purpose does gold actually have? Cryptocurrencies are in a bear market and due to the Theory of Reflexivity their value is underestimated by society at large. However their utility in terms of the velocity of money, where value can be exchanged in seconds, where consensus is regulated by a large distributed network, where security is guaranteed through various cryptographic algorithms such as SHA256, and where productive capacity is maintained by decentralised autonomous communities (which are virtually impossible to compete with) makes certain cryptocurrencies far greater investments than Gold and precious metals. Do some research on XRP and Ripple. Do no fall for the doomsday fear porn that drives the sales of precious metals. Look to countries such as Turkey, Venezuela, Argentina etc and realise that cryptocurrencies best facilitate trade during periods of economic downturn. Those countries aren't turning to gold to facilitate trade, especially since Gold is extremely difficult to maintain security over. Will gold always have a place in society? Yes, of course it will. Will gold ever shift the paradigm of civilisation as we know it? Hell no. I'm not saying you shouldn't maintain holdings of precious metals, but you should reduce your exposure to them, since cryptocurrencies will dramatically shift the perception of value that we currently place on gold going into the future.
FX:XAUUSDEducation
by zmassey
XAUUSD LONGAnalysis: -1hr structure continuation to the upside -70-79% rejection -MA Bounce/Reject -Long bullish hammer on MA -Previous Resistance becoming support -4 hr doji candle Emotions: -Woke up late and rushed -Wasn't even supposed to be able to look at charts this morning so grateful for that -Skimmed through analysis -Didn't read through my trading plan -Was not focused or in the zone -Was feeling a little hesitant with some opportunities because I did not want to enter too many trades.
FX:XAUUSDEducation
by EsotericTrader
Correlation Trading EUR/USD/ DAX/ OIL/ GOLDHey guys, after a time of inactivity I"m back. Today I show you how you can trade EUR/USD with the help of correlations. You can see in the chart positive correlations and negative correlations. Be careful the arrows on the chart are no trend direction. If for example Oil change its direction the trend direction is turned. But be careful with long term-trends and short- therm trend. Always be aware of your timeframe. (4h is short therm trading) Hope I could be informative for you guys
Education
by perc_growth_everyday
Gold - Bearish Divergence (Daily chart) Bearish divergence possibly indicates signs of weakness in the market trend and that a reversal may occur from uptrend to downtrend. It is formed when price forms a higher high and your chosen indicator forms a lower high. In the daily chart above we can see Gold against the U.S dollar sell off after bearish divergence formed with the MACD and RSI. Combined with news of a stronger U.S dollar, rise in the Dollar index, break of uptrend in Gold - both fundamentals and technical set up for a move lower.
FOREXCOM:XAUUSDEducation
by mmac8
GOLD !!! IMPORTANT TO READ BEFORE TRADE !!!!Hello, We forecasted the up move and down move so far that was awesome, What is next ?????????????????? First U have to know GOLD is more related to stock market than the dollar, its valued by the Dollar, priced by stock market!!! Remember this well. Stock has more revenue, but when crashing, people move to safe heaven GOLD, just has been good for 5000 years, We even have it in the Ancient Egyptian history, u can see it the Egyptian Museum, there is what is called THE GOLD ROOM, gold of all queens gathered in one room. Anyway, ... We forecast STOCK TO SHINE SO HIGH, consequently, Gold will slide lower. Why Stock will shine? USA CHINA TRADE DEAL must be done, so Mr. Trump can run another election, so stock will go higher, gold slide. How much further down will gold go? U have to watch 2 numbers, 1260 and 1235. If we drop to 1260, there is a good chance we bounce up, if not, a quick visit to 1235. So wait a bounce from 1260 or 1230 to buy, u can sell small time frames, but don't hold it, because we are looking for the buy now. Thanks Weekly Forex Forecast
OANDA:XAUUSDEducation
by SignalsView
BTG Bitcoin Gold - Full retraceNot financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. In our friendly group, we took a close look at Bitcoin Gold back around August 2018 and hopefully at this point everyone has seen the BTGUSDLONGS chart. I don't want to get into that right now, but feel free to take a look if you'd like. We watched the flat top wedge form and traded the breakout. There was some crazy price action at the top (as you can see by that crazy candle) and we got out. Now we're sitting at almost a 100% retrace, so the question is... are we done here and finding a good support or are we going to continue more red. My gut feeling is we're going to fail this support and fall more but it depends on what the price action is doing. What I can see right now is yesterday there was plenty of buying but more selling (causing a long wick on top of the small candle body). Similar candles can be seen in the immediate past (within the last 2 weeks). This does not look good for BTG. I said I wouldn't get into the BTGUSDLONGS chart but here I go anyway. If that person decides to unload that position, they hold such a large position it will likely crash the price of BTG and fast. All in all, I would stay away from Bitcoin Gold until it decides what it wants to do. Trade safely my friends <3 -CE-
BEducation
by bitdoctor
Gold - Multi Year view -why is this week important(4th Feb 2019)Disclaimer - I am new to technical studies and learning everyday. Please share your views, it will help me to learn better. After reviewing GOLD multi year chart I see the following: 1. Oct 2008 @ approx $682 and high in Aug 2011 @ approx $1919 2. Retracements upward since Aug 2018 at exactly .618 level 3. Now broke .50 level last week at approx $1302 level 4. This week, it should pullback upto .50 level. From here if it breaks above ( probably inside bar breakout) then we should target next Fib level. Hurdle before it will be a trend-line coming down supported by another trend-line upward providing ample trading opportunities. Share your views and help me learn further. Thanks
FX:XAUUSDEducation
by ABFX6
2
Atomic #79. Let's go on a journey...It was the summer of 1997 in Des Moines, Iowa (my old hometown). Des Moines is a smaller city in the center of Iowa surrounded by corn fields, barns, cows, horses, pigs and baseball fields. Life was good and simple. I was 16 years old. AOL dial up was around for a few years and all you could really do was email, which was too slow and cumbersome at the time. I drove a 1980 4-door Honda Accord pushing 95 horse power that was in flawless condition with automatic windows, air-conditioning and an 8 track CD changer. It was a real panty dropper. It was the year I had my first taste of alcohol and hated it. I had my first kiss and loved that. It was the year I fell in love and then fell out. I was a successful track and field athlete at the state and national level. Most households still had multiple landlines. There was usually a common phone in the house and then my sister and parents had their own lines in their bedrooms. My friends and I would spy on my sister's phone conversations by finding an open phone in the house and ever so carefully lifting it off the jack. The key word here is carefully you see so that the person on the phone thought they were having a private conversation. If you lifted too quickly it would make a clicking noise and then.... busted!!! There was no such thing as speaker phone so you'd need to do a football huddle to hear what was being said. We still had huge phone books that would be delivered every year and yes, people actually used them. This was our version of Google at the time. I wasn't a huge gamer, but I still had my original Nintendo with Mike Tyson Punch Out, Contra and etc. High Definition didn't exist so people still looked good without make up on television. I was a huge Chicago Bulls fan and Michael Jordan, Scottie Pippen, Phil Jackson, Dennis Rodman, etc. was around. I believe this is the year they were going for their 5th NBA Championship. We had a computer in our house, but it was more like one of those bulky old television sets that came with a keyboard and mouse. I would use it to type my book reports for school, print it off and that's all it was useful for. Essentially an upgraded typewriter. I still remember the weird noise it would make when I would have to save a document to a floppy disk and the process took several minutes. Yes - for a 10-page report. Gold's element symbol is Au and atomic number 79. These were my atomic #79 moments growing up as a kid. Life was simple. No Wi-Fi. No Facebook, Instagram or Twitter. No real worries about privacy because big data wasn't really a thing back then. Life for me was about being in nature, running, hanging out with friends and pondering what we wanted to be when we grew up. You never know you’re living in a golden moment until you’re not. I’m grateful for the life I have right now, but there is a side of me that longs to be naïve again. To think the world is a good place. People are good. Governments are good. Old people (in their 30’s) who actually have jobs are smart and inspired about what they do. You can be anything and everything you want to be in life if you just work hard enough. To drive a 1980 Honda Accord and still have girls look at you. That's Atomic #79 bro. Gold is forged from the greatest energy events in the universe. Supernovas, the death event of a collapsing star, where the energy explosion is so powerful that our scientific instruments can detect these gravitational waves billions of light years away. It is thought earth obtained most of its elements from these supernova events during its formation 4 Billion years ago. The amount of Gold that has ever been mined in the history of mankind could fit in an Olympic size swimming pool. People who say Gold is just a shiny piece of metal that only has value because we HUMANS say it has value. How arrogant and narrow minded can we be? Gold has a power that is unlike any other material. It has a certain energy about it. If you’ve ever held a gold bar of material size and weight you’ll quickly realize you aren’t dealing with anything normal. You feel it’s intrinsic value. There’s a particular respect between your human senses and that of the gold you are handling. Almost like we're intertwined with it on some molecular way. The ancient people felt the power of gold way before advanced technology. The US Dollar has the world’s respect as it’s the global reserve currency. Many assets and commodities are priced in USD worldwide. But it’s the making of mankind with a century old history. We print as much or as little as we want to “control” the markets greed and fear. Gold is literally the making of the universe with a 14-Billion-year-old history. The value of a $20 million-dollar Picasso painting isn’t just wrapped into the art piece you are buying. When you buy a Picasso, you’re buying into the history of Picasso. You’re buying into his legacy, his personal faults and his triumphs of what made him a creative genius. But like the US Dollar it can disappear. Gold will never disappear. It can't be destroyed. Gold will always have power over Bitcoin because of this history. Cryptography and math were invented by man. Not by the Gods. Bitcoin or something like Bitcoin is better money. Math is more objective while man is more emotional. But money is just a unit of value created by man. But like Bitcoin if you don’t actually possess the gold…you don’t really own Gold. You own the idea of Gold via a certificate or ETF. That is a huge difference. When you look back on the life you lived, the chances you didn’t take, the wins, the losses, the regrets you’ll quickly realize one thing. All we are and ever will be is history. Our intrinsic value comes from the history we create. The blockchain is the first time in HUMAN history we can say the Truth is the absolute Truth. That’s an undeniable fact. However, Gold has never had this problem. Its history goes back to the beginning of time. When the first star died billions upon billions of years ago and spewed its guts to create an element that gave us our first and original blockchain. So, when you consider the trading chart above remember it’s mankind’s Greed and Fear that creates this inverse relationship between Gold and the US Dollar. If you’re a crypto-maniac like me you’ll realize gold is the longest immutable and censorship resistant blockchain created, not Bitcoin. But it goes beyond any doubt technically or fundamentally that both blockchains are way undervalued! We have for the first time an invention by man that can record history as absolute truth. And when you think of our lives or mankind's lives, it's this truth in history that we all every value and fight for. If you're a speculator be patient and wait for interesting prices. When thinking about going into a trade calculate first how much money you could lose vs. make. Best Regards, Bobby -Don't hate the hair, hate the game.
FX_IDC:XAUUSDEducation
by UnknownUnicorn1615160
MUST READ!! Best Trading/Investing books to Read!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Brett Steenbarger “Routine is necessary for efficiency; breaking routine is necessary for adaptation.” Trading/Investing books that I highly recommend. Some of them are listed below; 1. Brett Steenbarger's books 2 . Van Tharp's books 3. Pit bull 4. Millionaire Traders 5. Think and Grow rich 6. Trade mindfully 7. Emotional Intelligence 8. The power of habit 9. The art and science of TA 10. Alexander Elder's books 11. Mark Douglas Books 12. The way to trade 13. Mean market and lizard brains 14. When markets collide 15. When genius fail 16. As you think 17. The power of your subconscious mind 18. Dark pools 19. Way of the turtle This is a just a handful of books to get your started :) Happy Trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :)
TVC:GOLDEducation
by SMPTrader
12
Gold Update: How To Be "Right" When You Are "Wrong"! Does that headline make you go "HUH"? How can you be right when you are wrong? Simple. I was wrong in my analysis as to what was to happen yet I was right because I went SHORT on Gold based on my "wrong" analysis. Got that? Actually, this happens many times to me and I'm very happy to admit that. You see, there's a method to that madness. Let me explain... I've been LONG Gold since Nov of last year. In fact, I already closed one long trade for good profits. And I still have another trade STILL LONG and still open. Yet, as you might see in the 1HR chart on the left side, I went SHORT on Gold just recently. Why did I do that? First, yes, you may look at that and say its a hedge but that's just perception. It is technically a hedge but the way I view these trades and in fact, ALL trades I take and send out, I treat each as SEPARATE trades each as its own trade. And I manage each trade on its own with no regards to the hedge. With that said, the reason I took the short trade is because my analysis on the overall trend move higher places it in a correction at this time but it should still continue higher after this correction is done. But when analyzing this correction, I identified a good SHORTING opportunity and took the trade. But back to my headline about being "right" yet being "wrong"... Here's one my analysis that I made and tweeted out where I took the SHORT trade: As you can see on the date on that chart that I tweeted this out 2 days ago and here's what I said: "Sell GOLD SHORT TERM trade. This trade for the wave y down. My LONG trade is still in play so this is a hedge but is a trade on its own same as the active LONG trade that is +650 in profit." So because of that analysis, which of course now we can see I was correct, I went SHORT. BUT, here is what I just tweeted yesterday as an update on this Gold correction: You can see the date on that chart was yesterday. I was projecting a complex flat with an ending triangle which is a very common wave 4 corrective structure. Well......as you can tell by the current chart above that this was WRONG! But still, that "WRONG" projection kept me in the SHORT trade and here we are....SHORT and in profit..... This happens more often than you know but it works well...IF you are willing to do the work! You see, when I analyze charts and possible trades, I always look at things several ways and look at ALTERNATIVE possibilities. And when those differing scenarios agree on the direction despite being different in their projections, then I have much more confidence in the trade I am taking. Hope this helps and inspires... For more info on Gold and other charts, just PM me.
FX:XAUUSDEducation
by EverythingForex