THE NEXT GOLD BULL MARKET 2015.75 - 2027? Xau/usd will follow Xau/jpy, We are approaching an important breakout.Longby No_structure7
Good Retracement and MACD of XAUJPY.Good Retracement of XAUJPY. Liability Disclaimer: All trades posted here are my personal view of the market. Please do your own research before to trade and you are responsible for your own entries, SL, TP, and Exit.by AlanTang1
Gold in yen for their correlation followers $6J_F, $XAUJPYBull market symmetrical triangle $GC_Fby pantheo3
Why the snooker is a hard game? Your technics could be perfect but the strategy is the key and if your perspective are totally wrong ...by Victor.Y.FUpdated 11
$XAUJPY Is Yen Gold Overpriced to USD Gold ?FX_IDC:XAUJPY Someone is selling gold using worthless Yen dollars since 2011 as can be seen by the support line at around 12700 levels. I think it's the Abe government and their central bankers using quantitive easing to cap the upside in XAUJPY. The problem here, is that this has been going on for some time that a pennant flag formation has emerged, indicating a price break out in the near future. If this happens, what does it mean for USDJPY which currently stands at $114.50 Levels ? Lower dollar anyone ?Longby LADEEc572
Possible flag breakout target 19800 possible long term target, if the flag break up. Longby EdTheLorax2229
Big move in XAUJPY coming soon to a theater near youI've never seen such a coiled spring in all my life. Trading in a 4+ year channel, on top of a triple symmetrical triangle on shrinking time horizions and now a 4 week channel as well. I mean I do not know what else to say. This thing is going to blow like mount saint hellen and to which direction do not know. by KlendathuCap4
Just an Observation for Gold Bugs $jnug $nugt $gdx $gldNot trading advice or recommendationShortby MoneyFlowTraderUpdated 0
XAUJPY Range bound since 2011Love looking at things in terms of Yen. Gold looks particularly interesting. I'm betting when it breaks it breaks to the upside and hard.Longby KlendathuCap223
USDJPY V GOLD: BEST VALUE - RISK-ON SELL JPY; RISK-OFF BUY GOLD Why Gold is lagging Safe have losses & Yen is outperforming 1. When looking at Gold vs Yen or XAUJPY it becomes apparent why Gold is lagging the broad safe haven losses that we have seen during this risk-recovery rally - investors are buying gold over Yen - so gold appears to be their preferred safe have asset to hold in a risk-on rally - likely a function of perceived future weakness of Yen? BOJ/ JPY Govt stimulus? - This may be the case for three reasons; 1) Investors speculate JPY is due further downside gains compared to gold (Gold is the stronger Risk-off asset) and they speculate that BOJ may deliver a big devaluing package and/ or 2) They believe JPY is more overvalued than Gold so they sell their JPY holdings over their Yen. 3) Gold is more illiduid compared to Yen e.g. investors have been able to sell their Yen faster/ easier than their Gold as Gold is a physical asset and FX markets are the most liquid markets in the world - whereas Yen is pure currency which is convertible at any level. Implications: 1. This infers that investors expect Gold to continue to outperform in risk-off rallies going forward - which makes sense given Gold is already up 30% this year vs Yen's only 20% up - so they see further upside for Gold. This could be the case as the market discounts the probability that the BOJ/ JPY govt delivers a large easing package which devalues the JPY. - Therefore Gold shorts should be careful during this risk-on rally as when the tides change back to the trend of risk-off, Gold is more likely to rally aggressively in comparison to Yen. Trading strategy: 1. Buying Gold on the risk-on reversal (to risk-off) - we should allocate the liquidity to Gold over Yen to take advantage of this investor sentiment. 2. The market is clearly discounting quit aggressive JPY weakness when relatively compared to other safe havens - likely due to BOJ/ JPY Govt stimulus worries. - Knowing this, we should potentially position for JPY shorts - since the market clearly is positioning for some serious JPY weakness relatively - a big BOJ package? 3. Whilst safe havens have outperformed risk by 14% (20% safe havens 6% risk-on assets - pre-brexit) - Gold has also outperformed Yen by 7%. - Therefore in risk-off rallies we SHOULD expect Yen to underperform Gold e.g. GOLD should be brought over Yen. - In risk-on rallies (now) we should expect Yen shorts to outperform Gold as Yen is considered the poorer asset - USDJPY longs are better/ safe than Gold shorts (hence supporting my long $yen view). *Check the attached posts that also support the long $Yen view in this market*Longby QuantumLogicTrading5514
Gold in Yen 6/8/2016Gold against the strongest currency (Yen right now) will give us insights as to how Gold will do against other currencies.Longby Crypto_TA110
Double Top on Top of the up trendAs you are seeing here we have a double top and may a reversal is on the way.Shortby afhacker3