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Safehaven

Most Exciting News For EGO in a DECADEGood morning traders, today we will cover EGO, a massive gold mining company. EGO let out some big news during a massive week throughout earnings pumping a massive 50%. Not only did EGO release some fantastic news but it just so happened to be after a major breakout which hasn't been tested since 2010. Another impact that should be accounted for is the Coronavirus. As Coronavirus scares grow, economic despair follows. On a side note, EGO just released some pretty big news about their mine Kisladag. Eldorado NYSE:EGO claims they have a plan for a 35% gold production increase. Average Volume: 2.20 million shs Current Volume: 20.22 million shs Eldorado says completed long-cycle heap leach testwork indicates increased heap leach life of mine recovery at Kisladag to ~56% and extends mine life by 15 years through 2034. On an unadjusted basis, Q4 net earnings swung to a $91.2 M profit, mainly attributable to the net $85.2M Kisladag impairment reversal, compared with a $218.2M loss in the year-ago quarter. My Opinion? 10.09 Breakout = Moon Friday we saw EGO touch over $10 a share after-hours, will we wake up to a bag next week? As always
NYSE:EGOLong
by DotcomJack
1
XAUUSD: Testing the Higher High. How to trade the next 10 days.Gold has hit our 1,595.50 Target (as per our last buy call seen at the end of this analysis), and being within a 1D Channel Up since the Iran tensions (RSI = 70.008, MACD = 14.450, ADX = 38.078) is now testing the 1,611.50 Resistance made around Suleimani's death. That is also the start of the Higher High zone of the Channel Up and if broken we expect a final push to 1,633. Technically the Channel Up should then pull back (profit taking also) towards 1,580 for a contact with the 4H MA200 (orange line). If however the Channel Up breaks upwards, then both the candle action and the RSI (as seen on the chart) point towards an aggressive break-out that may extend as high as 1,700. We have highlighted this similarity between fractals on the following study: Our recent buy call as mentioned at the start of the analysis: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XAUUSD
by InvestingScope
4
Gold (XAUUSD) buyThe growing number of people infected with coronzvirus will make investors to get into safe-haven assets. USA blame China thet they didn't took a higher response to tje virus. There are also growing fears that the ongoing rally in the equity space – fed by central bank liquidity – are building up to a sharp correction, especially if the Chinese virus is seen to have made a significant dent in global economic activity. I'm aspecting to see the price of gold to take new High around 1.620.
FOREXCOM:XAUUSDLong
by Lotus15
Gold: Weekly Forecast 3rd - 7th February 2020The gold price pulled back and rebounded off just as expected from our previous weekly forecast. With the increased coronavirus fatality, demand continues to rise for safe-haven asset thus boosting the gold price further. Based on the technical chart, we continue to see the price repeating the historical pattern from February 2019 such as the 3-month consolidation and how the price broke out of the consolidation. The gold price peaked somewhere near 1612 and pulled back sharply and fell into a short consolidation where the price will eventually pick up and rise again, just like what it is now. So, if we take the historical pattern into consideration, the gold price which is expected to rise further this week will face strong resistance as it retests the previous high around 1612. The price would then pull back sharply while maintaining a higher-low stance towards 1580 to 1556, and then the price will ride onto another bull-run.
FX:XAUUSD
by AlgoVenture
Yellow Metal Bilateral Chart PatternsThe symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle. The market is making lower highs and higher lows which means that neither the buyers nor the sellers are pushing the price far enough to make a clear trend. This is also a type of consolidation and two slopes get closer to each other, it means that a breakout is getting near. We don’t know what direction the breakout will be, but we do know that the market will most likely break out. January 14th, 2020 based on CFTC non-commercial were reducing their long position after hitting above the extreme level and they were profit-taking but they also reduced their shorts that stabilized price somewhat at the high in the weekly chart. Global risk appetite might somehow be affected by china's natural disaster (virus case) which affected not only humans but various financial markets around the world which hit the risk-off mode situation through the international market couple of weeks. Falling equities, rising Treasurys and safe heavens like the greenback, yen and yellow metal taking most advantage. Seeing the risk currencies like Aussie, euro, pound devaluation which totally indicated to us the overall market situation at the moment but this all should be temporary and soon or later we may see back good risk appetite on the global market which may flip back this all case in no time.
FOREXCOM:XAUUSDShort
by Anatta0
XAUUSD: Short term update. Potential 4H Channel Up.As mentioned on our last analysis ( see it here ), Gold broke into the neutral Triangle area (pink) and 4H turned bullish (RSI = 59.913, MACD = 1.240, ADX = 45.651) as the MA50 got crossed. The 1,563.50 4H Resistance is still holding though and if it doesn't break by tomorrow then we risk invalidating the Channel Up (dashed channel) that has been created. If 1,563.50 breaks then the Channel Up can make a Higher High at 1,573.50. If the Channel Up breaks lower then we remain neutral on the short term, as long as the MA50 (4H) supports. The chart provides all the break out and possible moves you need to know. Our long term outlook on Gold remains bullish (TP = 1,578.50 and 1,595 (medium term)). Our long term projections: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XAUUSDLong
by InvestingScope
2
XAUUSD: Short term outlook | Descending Triangle.Gold respected the 1,536 - 1,540 4H Support Zone which was the symmetrical level from the September 24th Lower High, but the rebound stopped on the Lower High trend line (red dashed line) of the 4H Descending Triangle (RSI = 46.910, MACD = -1.340, ADX = 27.607, Highs/Lows = 0.0000). A break above that line justifies a 1,563.50 test, while a rejection another attempt to keep the 1,536 - 1,540 Support Zone intact. If Gold breaks the 1,563.50 Resistance breaks, then more buyers should join. TP = 1,578.50 and 1,595 (medium term). ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XAUUSD
by InvestingScope
XAUUSD: Short term buy. 1H Channel Up.Gold opened lower today but the downtrend was contained on Friday's 1,546.50 Support. The rebound creates a Channel Up on the 1H chart (RSI = 48.937, ADX = 41.707, Highs/Lows = 0.0000) which if it manages to break 1,561 again (Soleimani's death Gap), it can make a new Higher High. The MACD is also rolling over to a bullish cross. The short term Target now is 1,565.50. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XAUUSDLong
by InvestingScope
2
GOLD: Thermometer of World Economic Sentiment (II)Hi Guys, the narrative of this post is the same applied to my post dated April 13, 2019 (below) Financial Crisis have driven Gold price up. CBs around the world have responded by implementing policies aimed to stabilize the financial System. The run started after the collapse of investment bank Lehman Brother when Gold retraced from 1032 to 730 in 2008. It took three years to get to 1920, then...profit taking in Sept.2011! In 2012 skepticism was surrounding the policies implemented by CBs and for 18 months Gold was supported at 1570/1550. Finally at the beginning of 2013 demand for safe haven dropped and Gold dived to reach 1046 in 2016. After 4 years since 1046, Gold is now back at 1570/1550, previous support between 2012 and 2013 now become resistance. Click & Play the followings to watch price unfold For additional infos about Gold please refer to the related ideas linked at the end of this post. If you have any questions or comment to add please do not hesitate to post it. Thank you for your support and for sharing your ideas. 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.
TVC:GOLD
by cozzamara
Gold Bulls Haven't Give Up YetThe chart above reveals Gold entire rally since August 2018. The price which is in wave (v), the last phase of an impulsive structure is till in the making. Elliot Wave is Fractal in nature, that is, every wave has an internal sub-wave of lower degree. In Gold case, wave (v) is not completed yet as the recent rally is just in three-wave. So the price is expected to make a corrective wave iv and resume higher in wave v to complete a five-wave structure in wave (v) of C. Wave (v) is expected to find resistance at 0.618 Fib extension around $1687 per ounce. Do you think Gold has completed the five-wave structure already?
FX_IDC:XAUUSDLong
by Veejahbee
Will Silver Reach $22 Per Ounce?The daily chart above shows Silver's entire rally from November 2018 low. As visible, the price appears to be forming a textbook five-wave impulse pattern, labeled (i)-(ii)-(iii)-(iv)-(v). The sub-wave of wave (i) and (iii) are also visible while wave (v) is still unfolding. According to Elliot Wave theory, wave (v) should exceed wave (iii) high, in Silver case price is still in the middle which means that the recent rally is just sub-wave "i" of wave (v). Once sub-wave ii correction is completed around 50 - 78.6% Fib ratio, price is expected to resume higher in wave iii. Wave (v) will most likely find resistance within the gray resistance zone that lined up with upper ascending channel resistance around $21-$22. What's your thought about Silver?
OANDA:XAGUSDLong
by Veejahbee
2
ORBEX: EU/UK Free-Trade Agreement Under ThreatWith US-Iran de-escalation traders shift their focus on Brexit talks and safe-haven outflows! The new EC President threw doubt into a free-trade agreement in her visit in the UK to initiate talks. And this could have a reversal effect on the uncertainty we saw removed over the past few weeks. Watch me analyze GBPNZD and CADJPY for further technical insights and as I apply Elliott waves. Trade safe Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex