Xaugbp
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XAU GBP bullish entry at 1350 For the bulls, this is a precious metal trading with GBP, We have an overview of gold now while we waiting for the Retail Price Index (RPI), Claimant Count Change news, Flash Services PMI.
I expect to see positive change on the RPI for the upcoming news. also, we are about 8 days to hear GDP 4th Q 2021 results,
553,412 M £ as 3Q 2021
546,556 M £ as 2Q 2021
517,998 M £ as 1Q 2021
for the technical view ...
Bullish Head and shoulders pattern had detected on the 3H chart
on the volume indicator, I see some buying volume entring the Gold CFDs
The price has started moving from 1342-1346 accumulation area for the up
Long position:
Buy order on 1350-1355 area
Targeting 1385-1390 area
Buy limit at 1337-1332 area just to protect our position in case the price make amove against us
The numbers from ons.gov.uk
What's REALLY happening with the price of Gold?When we refer to the price of gold, we most often refer to the xauusd pair and although it is a fairly accurate representation, the usd component sometimes brings distortions.
So in this analysis we will look at the price of gold vs. other currencies, in an attempt to get an overview of gold as an asset.
XauUsd:
Main Chart
As I argued in my morning analysis about Precious metals, yesterday XauUsd has broken very important 1830 resistance suggesting that the one a half years of correction can be over. For a signal that the long-term trend has resumed, we need a break above 1850 followed by a high above 1880, from there "sky's the limit" with important resistances at 1950 and the ATH at 2070. And, yes, there is a strong possibility of a new ATH in 2022 if Gold manages to pass above 1900.
XauEur:
Here we also have a clear-up trend started in 2018, followed by a correction from the beginning of Aug 2020. XauEur has found strong support at 1430, and from August 2021 is on the rise. We can also argue a double bottom in this case, with the neck-line broken in Nov 2021. This neck-line is tested as support later in November and in December and now "is looking" at 1650 resistance. Once this is broken the next stop could be 1750 ATH.
XauGbp:
Here also, Gold has found a bottom in August 2021, followed by a rise.
A break of resistance in Nov and this resistance has become a strong support
Now the price is slightly above the descending trend line and we can expect growth.
Resistances are clear on the chart at 1400, 1440, and the important one at ATH.
XauAud:
The most bullish from this series is XauAud, with the descending trend line broken in May 2021 and, more importantly, August's spike down giving here a higher low not a confirmation of support.
Now XauAud is slightly under resistance and if it breaks up it can accelerate gains above 2700 where we can see a strong resistance.
Best of luck trading Gold in 2022!
Mihai Iacob
XAUUSD - Time to cool off?XAUUSD has enjoyed trading above the 1700 figure for a considerable amount of time. I anticipate price will move back into the 1500's.
Price has similar price action.
The daily moving averages remain in a bearish cross.
Commercial shorts on gold futures are aimed to weigh the precious metal down, as manufacturers look for cheaper gold prices.
IAMGOLD CORPORATION - IAG - BULLISHIamgold Corporation is a Canadian company that owns and operates gold mines in Burkina Faso, Suriname and Canada.
Headquartered in Toronto, the company was founded in 1990 and went public on the Toronto Stock Exchange in 1996
with additional shares being listed on the New York Stock Exchange beginning in 2005
IAMGOLD is a mid-tier gold mining company operating in three regions globally: North America, South America and West Africa.
Within these regions the Company is developing high potential mining districts that encompass operating mines, construction,
development, and exploration projects. The Company’s operating mines include Westwood in Canada, Rosebel (including
Saramacca) in Suriname and Essakane in Burkina Faso. A solid base of strategic assets is complemented by the Côté Gold
construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration
projects in various countries located in the Americas and West Africa.
IAMGOLD employs approximately 5,000 people. IAMGOLD is committed to maintaining its culture of accountable mining through
high standards of Environmental, Social and Governance ("ESG") practices, including its commitment to Zero Harm®
in every aspect of its business. IAMGOLD (www.iamgold.com) is listed on the New York Stock Exchange (NYSE:IAG)
and the Toronto Stock Exchange (TSX:IMG) and is one of the companies on the JSI index1
GOLD MINERS BACK IN BUSINESS - SUMMER
Institutional buying incoming.
No matter the price of gold companies will mine, turn a profit.
NYSE:IAG
TVC:GOLD
CURRENCYCOM:GOLD
OANDA:XAUUSD
FOREXCOM:XAUUSD
FX_IDC:XAUUSD
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s2.q4cdn.com
icrm.indigotools.com
GOLD NEXT WEEK #19Forecast:
Addressing market sentiment regarding Gold backed ETF's, COMEX and BONDs etc. Daily chart analysis, looking at the Gold price from a broader perspective. Fib, 0.618 @ ~1848 is a potential target in May before a deeper correction.
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold's price action on a weekly basis. I'll follow up with charts throughout the week as price action develops patterns and pivot reversals points.
Topics: Market sentiment, Gold Shares / Gold EFT's, $DXY and US10/30yr Bonds and Yields
System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some fundamentals.
Disclaimer: nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.
Best Regards
OmarDjurhuus
GOLD NEXT WEEK #16Forecast:
The bullish counter trend Zig Zag pattern might finalize the C-wave this week and reverse to the downside. If it is only a narrow correction or beginning of a new bearish down trend, I can't say, yet.
The fib, extension levels 1,27, 141 have been taken out. If bulls have the upper hand they might push price action to 1,618 @ ~1805 before price action reverses. I'll keep you updated. Trade safe, be well...
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold's price action on a weekly basis. I'll follow up with charts throughout the week as price action develops patterns and pivot reversals points.
Topics: Market sentiment, Gold Shares / Gold EFT's, $DXY and US10/30yr Bonds and Yields
System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some fundamentals.
Disclaimer: nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.
Best Regards
OmarDjurhuus
GOLD NEXT WEEK #15Forecast:
Price action is a bit stuck and out of favor. Downside target's @ ~1725, ~1716 or ~1707. Upside target's - retest of last weeks high @ ~1757. If bull's get the upper hand and momentum pick's up, look for target @ ~1785ish.
As always, keep eye on Bond selling. Trade safe, be well... I'll keep you posted.
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold's price action on a weekly basis. I'll follow up with charts throughout the week as price action develops patterns and pivot reversals points.
Topics: Market sentiment, Gold Shares / Gold EFT's, $DXY and US10/30yr bonds and yields
System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some fundamentals.
Disclaimer: nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.
Best Regards
OmarDjurhuus
GOLD NEXT WEEK #14Forecast:
If price action follows up on the Truncation/Double bottom pattern, then we can expect a countertrend ABC / Zigzag pattern. B-wave, pull back target's between ~1712 or ~1699. Final bullish C-wave, target's @ ~1776 or ~1787.
If price action picks up bearish sentiment and breaks low of ~1678, then target's to look for @ ~1662 or ~1655.
I'll keep you posted... Trade safe, be well
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold's price action on a weekly basis. I'll follow up with charts throughout the week as price action develops patterns and pivot reversals points.
Topics: Market sentiment, Gold Shares / Gold EFT's, $DXY and US10/30yr bonds and yields
System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some fundamentals.
Disclaimer: nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.
Best Regards
OmarDjurhuus
GOLD NEXT WEEK #13Forecast:
Price action is consolidating. Possible complex ABC pattern in the making. If volume is strong this week, UPSIDE target's @ ~1744,1745,1748. DOWNSIDE Target's @ ~1716, ~1714 or ~1710. I'll keep you posted.
Trade safe, e well.
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold's price action on a weekly basis. I'll follow up with charts throughout the week as price action develops patterns and pivot reversals points.
Topics: Market sentiment, Gold Shares / Gold EFT's, $DXY and US10/30yr bonds and yields.
System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some fundamentals.
Disclaimer: nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.
Best Regards
OmarDjurhuus
GOLD XAU - THE RALLY BACK UP - LONGGreat one here straight off the bat great upside potential - ignore indicator below its inaccurate gold will push up
BITFINEX:XAUTUSD
OANDA:XAUUSD
TVC:XAU
NASDAQ:XAU
TSX:XAU
BITFINEX:XAUTBTC
FX_IDC:XAUUSD
BITFINEX:XAUTBTC
FOREXCOM:XAUUSD
FX_IDC:XAUTRYG
OANDA:XAUEUR
BITFINEX:XAUTUSDLONGS
BITFINEX:XAUTBTCLONGS
OANDA:XAUAUD
FX_IDC:XAUTRY
FX_IDC:XAUUSDG
TVC:XAUBTC
FX_IDC:XAUGBP
FX_IDC:XAUAUD
FX_IDC:XAUCNY
FX_IDC:XAUJPY
FX_IDC:XAUTRYK
FX_IDC:XAUIDRG
FX_IDC:XAUCAD
FX_IDC:XAUCAD
FX_IDC:XAUCHF
FX_IDC:XAUEURK
FX_IDC:XAUMYRG
FX_IDC:XAUINRG
"StOnKs OnLy gO UP"... Well so then does Gold.A very nice technical setup here with 1900 acting as clear solid support (floor) rejected multiple times as shown. This actually counts as two patterns, the way you want to look at it or give it a name. What isn't arguable is that 1900 has rejected support and is firm. The lower highs on the daily time frame suggest that price momentum is now squeeze. Looking at the Bollinger band and the kilter channels, we can see something big will happen. I am bullish on gold , holding my long from last year with multiple positions added. I will look for a break of the bull flag / pennant . Plenty of upside for gold still left pre-election.