Gold is definitely one of my absolute favourite instruments: Not only its variouse usages in medical,electronic,jewelery, aero sapce and many more areas, but also its more than 100s years of value,and anti inflation hedge making Gold to me very interesting.
I am using special setups for gold trade similar to crude oil
In the chart above i demonstrate 5 different intraday approaches that are (only in case of gold) is align with fundamantely(Trump tarriffs,coming recession,trade wars,signs of war with Iran, High inflation,...) but also technically in align with different time frames.
In my opinion Gold definitely rising higher midterm to longterm.
Approach1: In the chart above you see 2 different profit tagets but also variouse entries.
Profit targets:Once Gold seems to reach the 1st target, if signs of breaking through(News catalysts,technical indicators) we can after confirmation extend our profit target to the next level.
Enitries: I buy always where others set their stops. if tempporarily retracement, then I use it to cover more Buys,where midterm gold bears extend their sells(because of their sceptism for Gold) or whatevr other reasons.
I am using special setups for gold trade similar to crude oil
In the chart above i demonstrate 5 different intraday approaches that are (only in case of gold) is align with fundamantely(Trump tarriffs,coming recession,trade wars,signs of war with Iran, High inflation,...) but also technically in align with different time frames.
In my opinion Gold definitely rising higher midterm to longterm.
Approach1: In the chart above you see 2 different profit tagets but also variouse entries.
Profit targets:Once Gold seems to reach the 1st target, if signs of breaking through(News catalysts,technical indicators) we can after confirmation extend our profit target to the next level.
Enitries: I buy always where others set their stops. if tempporarily retracement, then I use it to cover more Buys,where midterm gold bears extend their sells(because of their sceptism for Gold) or whatevr other reasons.
Trade closed: target reached
First target reached. Gold starts to fall,bearish reversal
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.