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Safehaven

Gold Technicals Are Looking GreatWIth Gold being under pressure this week, I am still looking for gold to continue to fall to the down side short term. However, long term I am still bullish. WIth all the money printing and failed monetary policy that is being implemented on a global scale; I am predicting Gold to rise to at least 2300 by 1st quarter 2022. Yes, we are some ways off, but I am more of a long term trader. I do not trade every day, but my setups profits are phenomenal when I see a setup like what is taking place in Gold. Well we appreciate you for checking out our post and remember, we will see you on the other side. Rodrick (CEO) Third Eye Traders
OANDA:XAUUSD
by ThirdEyeTraders
🏛GOLD Bubble Burst OR Lifetime Buying Opportunity?🚀 ☑️As you can see from the chart Gold is now experiencing the biggest correction in 3 years The precious metal lost almost 20% of its value in 9 months All that while the fed and the treasury keep pumping the system with dollar liquidity S&P500 is setting new all time highs every week And all other commodities and crypto are growing One might say, that gold is a safe haven, and that once the coronavirus panic subsided The investors pulled their cash out However, if you take a look at the previous 15% correction It took place at the peak of the coronavirus panic in the markets Which means that EVERYTHING was falling, SPY, BTC and GOLD too! Hence the question: When(not IF) S&P500 starts falls by 30-50% again Will we see a buying surge in gold, or will we see the same reaction as in 2020 When all asset classes were falling? This question has no clear answer in my opinion, but gold with a 20% discount seem like an interesting buy to me! ✅Like and subscribe to never miss a new idea!✅
OANDA:XAUUSDLong
by ProSignalsFx
11
Gold: Just some infosHi Guys, what's your view on Gold? Are we at the beginning of an uptrend like the one started in 2008 following the Global Financial Crisis or are we at the top already? Please leave a comment and a thumb up if you like the structure. Thank you for your support and for sharing your ideas. Be good!😉 Cozzamara Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
OANDA:XAUUSD
by cozzamara
3
GOLD - One More Swing To Shoot!GOLD is overall bearish, trading below our red channel but since it is approaching a strong support zone in green we will be looking for buy setups. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? Our upper red trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, GOLD would be overall bearish and can still dive inside the green support before going up. And of course, as price approaches the upper blue trendline, we will be looking for sell setups. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
TVC:GOLDLong
by TheSignalyst
54
GOLD vs BITCOIN => Who Will Win?First of all, I would like to thank @TradingView for this chart combination! I found XAUBTC chart interesting. Here is why. XAUBTC has been bearish for a while. HOWEVER... We can clearly see that the impulse movements are getting smaller and flatter . (as shown by the angles highlighted in blue) So from a market structure perspective, this is an early alert that the buyers are losing strength, and we might have a potential reversal soon. BUT WHEN? For the buyers to take over, and the momentum to be shifted, XAUBTC has to break above the last swing high. (around 0.04 - 0.05) If this happens and XAUBTC goes up => it means: Scenario 1 - GOLD UP, and BITCOIN DOWN Scenario 2 - GOLD UP, and BITCOIN UP with Gold moving up more aggressively Scenario 3 - GOLD DOWN, and BITCOIN DOWN with Bitcoin moving down more aggressively Which scenario is more likely to happen in your opinion? and Why? ~Rich
TVC:XAUBTC
by TheSignalyst
99
In GOLD We Trust!- Our Safe Haven!Hello Trading Family, Gold is approaching an interesting area. What I call "TRIO RETEST" Here is why => The Highlighted Orange Circle is the intersection of three key rejection levels/zones. Retest 1: Brown Trendline Gold is overall bullish and currently testing the brown trendline which acts as non-horizontal support. Retest 2: Lower Blue Trendline The lower blue trendline is the lower bound of the channel which I consider as an oversold area. Retest 3: Green Support - 1700.0 The green level is a previous resistance turned into support and round number 1700.0 As per my trading style/plan: I will zoom in to lower timeframes and look for bullish reversal setups (like a double bottom, trendline break, and so on...) For example, we can see Gold is forming a trendline in gray, so I will be waiting for a third swing to form around it to consider it valid and then buy on this last swing high break upward. Always follow your trading plan regarding entry, risk management, and trade management. Good Luck All Strategies Are Good; If Managed Properly! ~Rich
TVC:GOLDLong
by TheSignalyst
150