Xaugbp
XAUGBP Settles at 30 minute POC. Augurs well for bullish moveThe clear "P" shape of the profile and recent news of high profile investors selling banks and buying gold miners suggest quite a strong opening this week in gold.
I find the GBP gold price to be less prone to being pushed around by competing trading strategies that can muddy the USD gold price.
Significant upside to above GBP1580 while unlikely, cannot be ruled out this week, on my read.
A Fuzzy Cluster of Buillish Probability Bullish Momentum Overnight to thrust Gold upwards to the downard trend line. Worth noting tgat this downward trend line will only offer a mild resistance and the possibility remains for Gold to see all time highs once again in the near term should the trend be breahed.
Gold Run from Bond's First InversionSince bonds first signaled a recession in April 2020 simply by using fractal comparisons of the last few recessions, (ask me to show you and I am happy to) Gold's been on a nearly 40% run, without a doubt outperforming bitcoin , hiutting a new all-time high this evening with gold futures tapping $2,000.
XAUGBP at 30 Minute Profile's POC Looking at the XAUGBP market to give some clues as to the resolution to the standoff in XAUUSD. Price has come back to the POC at 1508 only to see the trading volume just lower puch the POC down a tad. Maybe nothing but could give a clue that further downside in XAUUSD may be afoot.
!GVZ Position Update (+21%) 💸💸💸Thanks for the support and I'm so happy to hear messages from all that are taking trades in alignment with the risk-mmmanagment, macro-economical, and signaling education I provide; are making some SERIOUS MONEY!!. Nothing is better than reading so much feedback form so many.
Gold Continues it's Natural Climb From my major entry and call long in May of last year, we've had nice gains on every reentry , sticking with a solid buy buy-only strategy. Why? Bond yields are lower--and heading lower-- real economic growth is slowing. With J.P. Morgan, Citi, and WellsFargo to release earnings tomorrow, I will be sticking to this long only bias for the foreseeable future. WIll post my next entry, as always.
Gold coming buying opportunityI think Gold is going to revisit the 1300 level in GDP, I am looking to enter longs between 1300-1320. Any unexpected event in the economy favouring Gold can put this off.
I think if the market sells off hard into a deeper bear market, it could take Gold with it too, in that case the Gold could deep lower than 1300, which would be an amazing opportunity, however due to extreme central banks intervention, I see a controlled descent, which would favour Gold IMO.