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Xaususd

Big decline is coming on your way,you are just ignoring it!!!At the moment of writing this alert our full 200% net short position in gold, silver and mining stocks are well justified by the risk and reward measurement. Yesterday USD Index declined to new weekly lows in intraday terms and we saw a small rally in gold, silver and mining stocks, The HUI Index also invalidates the previous breakdown as it moved back to its 61.8% fib retracement. If you have enough experience trading PMs you can see the gold chart in terms of yen and euro which makes it quite clear what's going to happen soon. Big decline is coming on our way and it seems that the correction could already be over. Overall it seems that we are going to take the massive profit out from our short position. We are already in profit but it seems we are going to take the massive profit out from our short position. Our existing positions ASSET--XAGUSD Sell Limit Price: 15.500 Take Profit: 14.42 Stop Loss: 15.700 ASSET-GOLD Sell limit Price: 1231 Take Profit: 1142 Stop Loss: 1275 ( It doesn’t, however, mean that we won’t adjust (limit, close or even reverse) the position before this price level is reached. If we get enough confirmations other than gold’s price level itself (for instance, mining stocks show strength and silver -0.84% -0.06% reaches a very important support level , while the USD reaches a key resistance), then we might do it, just like we’ve done previously (which ultimately caused the short position to be more profitable).
FX_IDC:XAUUSDShort
by NeerajPandey
5
Updated look on gold - Q4So my last post regarding where we would catch support (roughly around $1,300) was incorrect. My main thought process behind us catching support at that level was because I believed $1,300 was a very psychological number. However, it appears that this is not true anymore as we've been over and back $1,300 so often the past 18 months that traders have become numb in relation to it. My overall opinion of the gold market has not changed. As you can see in my chart, I have pointed out 5 different dips we've had in gold during 2017. It is important not only to note that the corresponding RSI for each of these drops has continued to raise as illustrated by my white line (higher lows on the RSI is a bullish indicator), but also how each of these dips correlate to the US 10Y, and the USDJPY (as these are the two main factors which trade inversely with gold). Dip #1: Gold/$1193 - 10Y/2.62 - USDJPY/115.416 Dip #2: Gold/$1212 - 10Y/2.43 - USDJPY/114.308 Dip #3: Gold/$1206 - 10Y/2.40 - USDJPY/114.459 Dip #4: Gold/$1260 - 10Y/2.40 - USDJPY/113.502 Dip #5: Gold/$1260 - 10Y/2.48 - USDJPY/114.451 Based on the above analysis, we can see that gold is gaining strength in relation to the two indicators in which it is very correlated with (inversely). This can be argued in the following two ways, (1) - Gold is overvalued relative to the 10Y and USDJPY, and will correct harshly or (2) - Gold is gaining strength relative to both the 10Y and USDJPY, and this strength will continue. In order to determine which one of the above options would be most reliable, we would have to turn to both technical and fundamental analysis. For me personally, I rely on RSI divergences and although they are hard to time, they more often than not play out well (as long as you managed your positions well). Using this I am under the impression of the second option, that gold is gaining strength relative to the 10Y and USDJPY. Using RSI, it appears fairly clear that we are topping in both the 10Y and the USDJPY, while making higher lows with gold. For fundamental analysis, I look at the US debt balance, and political tensions world-wide, amongst other issues/topics (inflation, overvalued SM, etc.). When considering these, I believe from a fundamental standpoint that the outlook for gold is bullish as well. In conclusion, my overall outlook on gold is bullish. Please do not solely rely on my analysis to trade, as noted above I was incorrect in my last assumption. It is safe to say that no one on here is a perfect trader (albeit some hilariously claim to be), therefore it is essential to do your own research before making any trades. The above is just my opinion, and where my capital will be going. Also, my lack of time spent on TV has been due to me changing firms and unfortunately having my computer screen within the view of the partner at my firm. Good luck to both those short or long.
FX_IDC:XAUUSDLong
by GeorgeJimas
4
Gold is it still a flat correction (Elliott Wave Analysis)As long as the red trendline is not broken on the upside I don't think there is much point in looking at bullish counts, hence I have only discussed the most probable bearish count in this article. Looks like the Wave B was a double Zig Zag and the Wave C has already started as an impulse down in 5 Waves. Based on this count the most probable target for C are : 1250, 1236. Please note that at this point there are a lot of counts that can be taken as an alternate view, if I discuss all of them the situation will become quite confusing, hence I have only discussed the most probable count here. I will update further as the market progresses.
FX:XAUUSDShort
by NeeravYadav
6