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Gold Rush with AI: Analyzing a Bullish TrendIntroduction G old has always been an intriguing asset for investors, often seen as a store of value and a hedge against economic uncertainty. In this analysis, we take a closer look at a chart showing the price of Gold (OZ) on the Gold-USD market compared to USD ($) to identify trends and potential scenarios for gold's future price movement. So, let's dive into the chart and explore the dynamics of the Gold market. Bullish Momentum T he chart reveals a powerful bullish trend in the Gold market, culminating in a local bullish double top pattern on October 27 and October 31, with the price reaching around $2010. This bullish momentum signals a robust demand for gold, driven by various factors like geopolitical tensions and economic uncertainty. A Double Top Formation T he double top formation represents a potential turning point in the market. While there are no immediate signs of a bearish reversal, the double top could trigger a consolidation phase. This consolidation might occur within the price range of $1952 (support line) to $2010, forming a support zone indicated by the blue rectangle on the chart. T he consolidation period is depicted by the white arrow on the chart and could extend until December. This consolidation isn't necessarily a sign of weakness but can be seen as a sign of increasing investor interest and strengthened buying power. Investor Opportunity A prolonged consolidation provides an opportunity for both new and existing investors to consider buying into the market. It allows gold to gather sufficient funding, and as long as the investor sentiment remains positive, there's a chance that the price could break the resistance zone (purple rectangle on the chart) between $2002 and $2010. Further Upside Potential E ven if the price breaks through this resistance zone, it doesn't necessarily mark the end of the bullish trend. It could trigger further consolidation or higher resistance zones as potential targets. The next significant resistance zone to watch out for is between $2055 and $2065. Bearish Concerns H owever, if gold falls from the support zone, it raises doubts about the sustainability of the bullish trend. In such a scenario, the next support zone could be around $1904, where a possible bearish reversal might be considered. Volume and Investor Sentiment A part from price and technical indicators, the chart analysis also considers trading volume. In October and November, the volume has been consistently high, suggesting a global need for diversification with gold in portfolios containing indices and other assets. Investors continue to view gold as a valuable precious metal for diversifying complex portfolios, particularly in uncertain economic times. Key Drivers for Gold Investment S everal factors are driving investor sentiment towards gold. These include concerns about high inflation in national currencies, increasing oil prices, ongoing geopolitical conflicts, and the long-standing belief that gold tends to rise during times of war. Conclusion W hile this analysis provides insights into the current gold market trends, it's essential to remember that investing in gold is a long-term strategy. The precious metal serves as a hedge in complex portfolios and aims for long-term appreciation rather than fast gains. P lease note that this analysis is not investment advice, and historic results do not guarantee future results. Always conduct your research and consider various safety measures when making investment decisions. Kind regards, Ely Disclaimer: This content is for informational purposes only and does not constitute investment advice or an endorsement of any specific investment. Trading involves substantial risk and is not suitable for every investor. You should carefully consider your financial situation and consult with your financial advisor before making investment decisions.
TVC:GOLDLong
by Elysian_Mind
15
Gold - Macro View 🌎Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📌 Monthly: Left Chart From a macro perspective, Gold has been generally bullish, trading within the rising brown channel. For the bulls to maintain control, a break above the 2075.0 level is essential. In this scenario, a continuation toward the upper boundary of the brown channel can be anticipated. 📌 Weekly: Right Chart Meanwhile, from a medium to long-term perspective, Gold appears to be confined within a range, currently nearing its upper boundary. As long as the 2075.0 resistance holds, the possibility of a bearish correction persists. Confirmation of a bearish reversal setup would depend on lower timeframes. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
2
Gold - Fade a The Short Squeeze RallyThe marketing team behind gold and silver are always telling dumb and dead money that they should "hedge" against a "collapsing US Petrodollar" during times of global instability by being long on metals. The trade rarely works out. Gold and silver not only routinely follow the equities markets straight to Hell, but tend to get dumped during the start of new index impulse swings. This rally while the SPX gave up its 5% rally is actually a significant anomaly. But if the propaganda never, ever worked out, the propaganda would stop working and the marketing team would be out of a job. And that more or less sums up a 10% monthly rally on gold that's killed short sellers who wanted to comfortably ride a trend down. You can see on the monthly that this price action is just more ranging, more wick plays, and there's a notable unbalanced gap under $1,800. It's really important to keep a cool head as a goldbug, especially under the condition where the establishment media is reporting that Xi Jinping and the Chinese Communist Party is long several hundred tonnes worth of gold. The CCP is collapsing and everything that is going on in the world has to do with the various members of the CCP around the world, who are not of the Chinese race, scrambling to bury their skeletons while also trying to ensure they can take control of the country when the regime falls. And because of that, there's no reason to believe that a CCP that is desperately selling US Treasuries (see: Santiago Capital) for USD is going to be allowed to go plussy plus greeny green on its deeply deep goldy gold position. What hangs over the head of everyone on this planet is the Party's 24-year persecution of Falun Dafa's 100 million students and Disciples, a sin committed by former Chairman Jiang Zemin on July 20, 1999, that has even had the audacity to commit the unprecedented crime of live organ harvesting. Keep your distance from and wash your hands from anything related to the CCP, including the western factions that have become a particle of the Party swearing Marxist vows in Shanghai. So, here's the trade. Doesn't matter if gold takes $2,015. It's not the right overall timing for a new rally to $2,200. Instead, either go short, or wait for gold to trade under $1,800 again. There's no reason to believe gold is a new bull market until longs have been ruthlessly violated. There's no reason to believe metals are going to rally as a hedge during an international war or a major equity sell off, or a major equity rally lol.
COMEX:GC1!Short
by LordWrymouth
7
What is lurking in gold?Every time XAU/USD has reached the $2,000 range, which is a very important resistance, in the past, after testing this range, it has suffered a sharp drop in value, but today, due to the passage of time and many encounters with this resistance range, it can be He examined the fate of gold a little more closely. If the United States of America officially participates in the war, gold can grow along with oil due to the increase in conflicts in the Middle East and cross this resistance range, and otherwise even despite the power of the candle. An increase in this range is expected to decrease towards the support range indicated in the picture, but the loss of this support range is also unlikely for gold. I expect more if it is not able to break the resistance range, the possibility of price range as before in the range channel is also very likely. But for now, the focus should be on the price reaction to the resistance range SOS FINANCIAL COMPANY
TVC:GOLD
by Amir_Nazer
🔥 XAUUSD - The effect of WAR on the GOLD (READ THE CAPTION)By re-examining gold in the 12-hour time frame, we can see that the price on Friday was accompanied by heavy buying pressure with the announcement of Israel's ground attack on Gaza (Hamas) and considering that gold is a popular and low-risk asset in war conditions. It is considered to have created this amount of demand in the price! The important thing that happened on Friday was that the price attacked the top of the POC Line without any specific reaction to it and closed above this important level ! This important level was $1925 when we saw that the price broke this resistance with great strength and moved towards higher targets, But the important point is that according to my personal strategy, this flow can be given high credibility if the price can be stabilized in at least 1 to a maximum of 3 candles, which means that if the price moves below $1925 again in these 3 days and closes, probably we'll see the drop to $1885 as the first downward target! Pay attention that the most important condition for changing the Bearish to Bullish trend is to stabilize above $1925 and break the price of $1955, in which case we can expect the price to grow even up to $1976 and $2020 ! So this week is very important for gold and we have to monitor the behavior of the price! With the growth that the price had on Friday from 1868$ to 1932$, a large liquidity void has been created, and the probability that this FVG will be filled soon is high! All this will depend on the trading process on Monday and Tuesday! The important supply zone in front of the price is from $1929 to $1954 and we have to see if the price will be rejected from this zone or not, and to fill this gap we must see the consolidation of the price below $1925! I hope this comprehensive analysis will be useful for you! Best Regards , Arman Shaban
OANDA:XAUUSDShort
by ArmanShabanTrading
77
Past events affecting gold (SAFE HARBOR!!!)As evident, gold has consistently served as a safe haven for economies, a role it continues to play today. The only deviation from the norm is that the ongoing conflict remains confined to a regional scale, characterized by the commission of war crimes and a notable increase in hostilities. Consequently, we may anticipate a forthcoming surge in gold prices. However, the pivotal question revolves around the sustainability of this price escalation before it eventually reverts to normalcy. I have thoughtfully constructed a comprehensive chart, as depicted, documenting the significant milestones that gold has traversed in recent years. I am also considering the creation of an even more intricate chart encompassing events from the year 2000 onwards. Please express your interest in this endeavor. Returning to the central point, it is plausible that despite the ongoing escalation and the absence of significant interventions by Arab leaders on behalf of Gaza, the conflict will eventually subside. This, in turn, may lead to a restoration of prices to their baseline, especially considering Israel's potential need to do so. According to the Israeli military, which relies heavily on reserves, the nation may struggle to endure the economic repercussions of an extended military mobilization. Such a strategy follows the Swiss model of wartime resource allocation, which can be further explored for context. The crux of the matter lies in Israel's financial constraints, as it cannot sustain a year-long, full-scale military deployment, given that it would encompass the entire population and strain available resources. I hope this explanation proves enlightening.
OANDA:XAUUSD
by JORDAN-WALLSTREET
Daily pinbar candle. Fundamental still bullish?!Hi guys. Last week was again a week full off strong bullish momentum. Even the big resistance levels couldn't stop the massive bullrun. The market is overal more moving on fundamentals then technicals. The war going on is making the precious metal in big demand. I adviced traders to be carefull with selling the market. Intraday/swingtraders having a hard time shorting the market atm. If we look at the friday daily closing. We can see a big pinbar. 1983-1985 is big resistance level. It broke in lower timeframe(up to 1997)but created a fakeout in higher timeframe. We tried buying gold after the break and retest. But H4 did not mange to close above the resistance zone. THe pinbar candle indicates a posible stop to the bullrun. But keep in mind the market is mostly running on fundamentals. So in my opinion gold will fall from the resistance level towards posible 1972, 1953 or as low as 1930 before the bull run starts again. Gold is also moving between a channel. So it is posible for gold to follow the channel upwards. Resistance: 1985, 2009, 2025, 2065 Support: 1972, 1953,1930
OANDA:XAUUSDLong
by ForexGoldIntraday
XAUUSD 22/10/23XU showing us the results of major fundamental events as tensions rise the price of gold is sure to follow, as one of the safest assets to own even in 2023 gold is worth its weight! (unlike the USD) heading into this week iam looking for a low run into another new high from this very favourable asset. longs are for sure but a small rebalance is in order so will be looking out for this to come at some stage. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
OANDA:XAUUSD
by PipSurfingSociety
Has LMT Reached The End? | War | Historic Analysis Disclaimer: I am in no way condoning violence, nor support either side of any conflict. This will be an analysis of NYSE:LMT alone. With that being said let's dive in. Introduction We all heard the breaking news, as of October 7th, 2023 Israel and Palestine are officially at war with each other creating tension around the globe. Now I know you probably wondering, how it affects our economics on the Western front, specifically the stock market. What can we expect in the future, and of course can you turn a profit from all this? Toady, we'll dive deep into what stocks to pay attention to and how involved NYSE:LMT , AMEX:DFEN , and NYSE:RTX really are. So strap on your seat belts as we talk about the M word. No not morals, Money. The Big Bois Without a doubt the largest companies in the US for military exports are NYSE:LMT , NYSE:RTX , and $NYSE:GD. The largest consumers of these military goods are Korea, Japan, Australia, Saudi Arabia, and Israel. I will leave the AMEX:DFEN ETF here which holds most of the companies I've mentioned and then some. We want to look at these companies when we hear conflict. With that being said let's head over to some charts. *For a more in-depth analysis of military manufacturers, I suggest researching what companies are good for and what they supply, but at the end of the day, they all complement each other, which is why you really can't go wrong with $AMEX:DFEN. If it really matters it's just a Google search away. 1D NYSE:LMT Percentage Increase Zones: I labeled these zones so we can get a clear view of the effects of war/conflict. This is the type of capitalization you can get from these scenarios, and we are seeing similar percentages to the ones from the Russian-Ukraine conflict. I believe the highest this can climb would be the all-time high, which just so happens to reach a perfect 29%, so something to be looking at. Possible Rejection Levels: These are levels that can play as a resistance/retrace before a rejection to the downside. Possible Support Levels: These are the levels that can play as a support/reversal to the upside. Moving Average: 200 MA could play as a resistance and we could have reached the end of this first swing before we fell back down the the previous low. MACD: MACD Showing signs of a bearish divergence perhaps, keep a sharp eye on that. 1W NYSE:LMT Elliot Waves: I debated whether or not wanted to mark this as a complete Elliot Wave or not (12345) then (ABC). To each their own, this is expected when we talk about something as subjective as Elliot Waves. FIB: The Fib is used to show possible retracement levels, which I labeled out in the "possible rejection zone" if this stock were to go lower. Moving Average: 200 MA played as a perfect pillow, now we just see if it can stay that way. Relative Strength Index: In each "war" zone I have shown the amount of buying pressure we usually see during these conflicts, but it seems we have no pressure, nor any indication that this will be bullish. In fact, we were oversold not too long ago. Stoch RSI: Same with the Stock RSI we are in the (ABC) faze of the indicator. Summary Overall, we are seeing more downward pressure than any bullish indications, I believe we need to get through the bears first before this stock skyrockets. Another factor is that war must be prominent, something we really shouldn't be rooting for. Bonus NYSE:RTX and AMEX:DFEN Please Please Please, like and follow the post if you found this helpful! It helps the algorithm and me to reach more people, don't be afraid to comment with your thoughts down below!
NYSE:LMTShort
by DenzelitoTrades
Gold - was, is and will always be our Safe Haven!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Daily: Left Chart After rejecting the 1800.0 support, Gold has been bullish especially after breaking above 1900.0. Currently, XAUUSD is sitting around a strong resistance in green. For the bulls to remain in control, we need a break above 1960.0. 📈 In this case, a movement till the 2000.0 round number would be expected. on H1: Right Chart Meanwhile, the bears can still kick in. To be confirmed if the last low in gray at 1934.0 is broken downward around. 📉 In this case, we will be expecting a correction till the 1900.0 support. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
3
💎 $GOLD : Correction to $1903 ? (READ THE CAPTION)By examining the gold chart in the daily time frame, we can see that based on our analysis, on Friday with the announcement of the NFP, the price attacked the level of $1810 to collect liquidity, and then it was accompanied by demand pressure (As we mentioned in the previous analysis, the price was in a demand range for several days) and with the war between Israel and Palestine, the market found its own excuse for further growth, And today, until this moment, it has managed to grow up to $1856 and hit its first upward target! As I said in the previous analysis, for the price to grow, gold must stabilize and close above $1830, which is exactly what happened on Friday! The important demand zone is from $1812 to $1829 and the important supply zones are $1858, $1880 to $1889, and finally $1903! Best Regards , Arman Shaban The Last and The Main TA : (Click on the picture to see more)
OANDA:XAUUSDLong
by ArmanShabanTrading
87