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Gold - Don't Just Own It, Trade It - 6/17/2016We are seeing really good trend trading in both highly volatile and lucrative commodities - Gold and Crude. We are actively trading both commodities from long as well as short side by leaning against good support / resistance levels. There are many investors out there just happy owning gold and hoping for something good to happen to their investment. Of course if you have ton of extra money to park on 'long term' bet and if you are living in a country (e.g. India ) with depreciating currency against US Dollar then that might make sense. Because every decade or so, we are going to see parabolic spikes in Gold and silver besides your usual price appreciation due to currency devaluation. But for others, who are good at technical trading and understands the fundamental argument about Gold, there is much more money to be made trading Gold rather than just stashing it. Levels in Gold are very obvious and strategy is also very simple. Look at 1100, 1140, 1180, 1200, 1240, 1260, 1280, 1300, 1400, 1500 and you will be able to point very conspicuous support / resistance levels. Now depending upon from the direction Gold is approaching these levels, take a trade against those levels ! Of course you need little understanding of technical analysis here because for example, during yesterday's rally, you just don't jump at 1300 and short Gold because there is 200 WMA lying at 1314. So you need to spread your short closer to that. But these are very simple things for a technical trader and we don't need to spell out everything here. So as usual, sticking with our short gold strategy, there is no surprise that we are short here and first target has already been reached at 1280 and now looking for 1260. But we will be wary of holding short amid Brexit though. Besides now it seems like Central banks are at the end of their wit and something is telling us that Gold want to fly to 1400 ! In that case, this might be the last short in 1100 / 1300 range and we are prepared to get long from 1260.
FX:XAUUSD
by BombayBulls
XAUUSD SHORTXAUUSD SEEMS TO BE A NICE SHORT OPPORTUNITY AFTER LAST FRIDAYS BEARISH ENGULFING FORMATION ALONGSIDE SLIGHT BEARISH DIVERGENCE WITH A REJECTION FROM THE 1280 RESISTANCE. THERE IS A POTENTIAL FOR GOLD TO HAVE MADE A LOWER HIGH ON THE WEEKLY AS LONG AS THE METAL STAYS FIRMLY BELOW 1280-1290. I DON'T WANT TO GET TOO CAUGHT UP IN THE BULLISH GOLD RUSH JUST YET AS I STILL SEE FURTHER DOWNSIDE BEYOND $1080 PER OZ BEFORE THE REAL BUYING FORCES ITS WAY THROUGH! ANYWAY.. NICE 1:2 RISK REWARD POTENTIAL HERE. TRADE SAFE AND HAVE A PROSPEROUS WEEK AHEAD.
FX:XAUUSDShort
by FxcInvesting
Commodity Analysis And Trading Tips - GOLD BUY!! Today's Chart - XAU/USD Overview : Gold gave up some of its sharp overnight gains on Friday, but held above $1,200 an ounce as a drop in equities stoked fresh safe-haven demand for the metal. On Technical charts, Current trend of Gold is bullish, it has given upside breakout from downward sloping trend. Now market is making higher top and higher bottom formation on chart. Market is likely to be further bullish, it has retrace its recent significant upward movement and still sustaining above the downward sloping trend line with formation of symmetrical triangle. It has been taking support of 50 DMA & 200 DMA on one hourly chart. Resistance is seen at high of $1240, while support is seen at $1200. On intra-day basis Gold price likely to trade tight range. Indicators: RSI entered and remains in positive territory now, trading at 52.9. Let me know if you like the analysis guys and I will keep it coming :)
FX:XAUUSDLong
by TheBanker
4
The Missing Key for Silver is InflationShould silver price in retail demand or economic sentiment? Silver prices have rallied hard since the beginning of October, up almost 10.5 percent since the October 2 low. However, traders are now budded up against key technical resistance. Will traders’ sentiment reject silver’s upward momentum, as it has done seven times since 2013, or will demand spark higher gains? Silver has had a rough go since crashing from its 2011-highs. Currently, silver is trading around the 200-day EMA, which has proven fickle for silver prices. Every time prices have been able to rally to the key pivot-point, prices have been immediately rejected or the trend’s momentum quickly faded. Despite mints beginning to ration silver bullion coins (again), prices are continuing to show the divide between sentiment and demand. As I have mentioned in several articles previous, silver’s demand is largely based upon economical factors, such as manufacturing and industrial output whereas gold prices are almost entirely derived from investment demand in relation of central bank policy. Some analysts expect silver prices to rally because demand for minted coins has risen, and mints are having a tough time filling orders. But, if history is any indicator, this does not happen. For instance, in July, the U.S. Mint reported that demand for American silver eagles were so high that it depleted their stores and began to ration the bullion coins. Needless to say, silver went on to drop an additional $2 per ounce while breaking $14 per ounce back in August. It may not be all it is cracked up to be. The shortage of minted coins only represents one, small facet of silver demand. According to Smaulgld.com, when the first shortage was reported, the shortage was found in the retail market but not the wholesale market. Silver has long been a trusted go-to for retail investors. It is a tangible asset that tends to be priced reasonably for the everyday investor. The multi-year lows carved out this year has only been seen as a buying opportunity. Although, it is important to understand that silver is not an investment for tough economic times because that is, generally, how market participants price silver. Silver is only a form of protection against inflation, which undoubtedly will show up. Investors will just have to be incredibly patient. (Silver outperformed during recessions that were coupled with higher inflation as seen during the 1940s and 1970s recessions). Unlike gold, silver has no historic evidence of protecting against deflation (gold nearly tripled during the early-1930s). During significant bouts of deflation in the early-1920s, and again in 1929 to 1933, silver’s performance was horrible. It was also horrible as inflation subsided after the stagflation of the 1970s and early-1980s. Again, following the lack of inflation – on paper – during the Federal Reserve’s seemingly endless quantitative easing programs after the financial crisis. Current rates of inflation, as measured by consumer price index (CPI) and producer price index (PPI), could suggest prices have more to fall. The U.S. is seeing the lowest bouts of inflation in decades. The U.S. is experiencing the lowest levels of CPI outside of a recession since 1954 and the lowest PPI since 2001, following the dotcom bubble. However, silver has experienced great gains following a recession as inflation re-enters markets. Silver could get cheaper, but patience is a virtue and could reward big when inflation rears its ugly head. Please check out the original link for additional charts and graphs: bullion.directory Please follow me on Twitter @Lemieux_26 Check my posts out at: bullion.directory www.investing.com www.teachingcurrencytrading.com oilpro.com
FX_IDC:XAGUSD
by CommoditiesTrader
5