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QUESTIONS I have for GOLD | GOLD IS A MONSTERDo you think zones create price? or price creates zones? It is a question most traders would never ponder right? Be honest, have you? I ask myself this question rather frequently and the more I ask it the more I realize that it makes more sense that price creates the zones. The reason this is important is because if we know that zones are being created with price we know that there is a high level of manipulation that occur at the very zones many traders believe can hold. Think about it - why do you think gold would have destroyed that high so beautifully last night? it is very likely because traders would have been induced to sell off the ATH (all time high) as they would have done so 3 times in the past 3 years. The dealer knows this and will take full advantage of it. Your job as a trader is simple - ask as many questions about what you are looking at as possible because it is asking the relevant questions you get relevant answers or close to relevant as possible. So now, I have to ask - do you ask a lot of questions when you produce your analysis? or do you simple make your drawing, make your assumption and then prepare for entry? If it is the latter I believe this is the wrong way and is more rooted in guessing than analyzing. I'm not saying you need to be like me and explain everything down to the T but I do believe we can ask more questions about what it is we are looking at - this in turn should give us a better idea of what is likely to occur without feeling like we are taking shots in the dark. In closing - I will be watching gold for a temporary sell if this momentum can continue however I am still constantly wondering what is the reason the dealer would show sells in such a bullish market after just surging through the high, buys remain elusive at this time but I will update if I see a buy. Downvote\Don't boost if you didn't read\listen to this entire post and don't understand OR Upvote\Boost if you did read\listen to this entire post and do understand Follow me for more breakdowns like this
OANDA:XAUUSD
by Brandon_evo4
2
GOLD LOL - Heavy Manipulation on GOLD | Saw it coming days ago!Hey guys what's up Brandon here, @ekatatrading, this idea isn't to give a signal - it is more so to give my understanding of why I thought that gold could do something like this weeks ago, I will link these Tradingview ideas in this post. Sellers really didn't understand that any sell they would have taken would have been an induction, it didn't mean that you couldn't sell - it simply meant that you had to be aware that the sell would have been temporary, this is something that I would have mentioned in EVERY SINGLE POST I MADE REGARDING SELLS in any way on gold. The sell was always meant to be a short term thing on gold because again as we know - the gold market is and always has been bullish. Given the circumstances now - I highly advise against placing trades in ANY DIRECTION on gold - whether it be buys or sells, as if you just check most brokers you'd probably realize the spreads are much wider than normal and gold is easily jumping hundreds of pips in literal seconds. Not good for an entry in my professional opinion. Just imagine, other "professionals" are telling you to sell now because again they don't realize that it's still very much a heavy induction (manipulation) and here I am - just a simple guy who likes explaining what I see, telling you that trading now may not be the best idea. It's also quite interesting, most people won't read this entire post and an even smaller percentage of people who actually take the time to read what I am saying will take me seriously, but I guess that's why a small group of traders actually make all the money in this industry right? The money has to come from somewhere lol Downvote\ don't boost if you didn't read this entire post and don't understand OR Upvote\ boost if you did read this entire post and do understand Follow to see more heavy in-depth analysis like this in the future - I don't sell signals, I give my analysis here on Tradingview FOR FREE! Can your signal provider do that?
OANDA:XAUUSDLong
by Brandon_evo4
2
GOLD - Exploring the Intricacies of these Waves...I hold the view that we often trade one bias for another. However, when it comes to gold, understanding the fundamentals truly becomes evident. Initially, my approach involved identifying patterns without delving into the fundamentals. Yet, upon acquiring that knowledge, a transformative shift occurred. My analytical evolution is rooted in these factors, allowing me to present analyses with additional background information. However, I still label them as probabilities, recognizing that as the appropriate approach. The school of hard knocks continues to instill humility in me, yet I persist. In my belief, most traders absorb extensive information and gradually assimilate it, deciphering the nuances that resonate with them over time.
OANDA:XAUUSD
by AriasWave
GOLD MORE BUYS? - Maybe Not Yet - Destroy buyers FIRST!Given that gold would have bought really aggressively yesterday after destroying sellers at the previous high, I believe the dealer needs to take the opposite side of things temporarily. What I mean by this is that the dealer needs to worry about traders who now ACTUALLY have the direction correct (BUY) In a bull market buyers WILL win if they can get their entries right OR they have enough patience to endure a lot of drawdown. The dealer knows this and in a bull market - BUYERS will always be a problem for the dealer (the opposite holds to be true in a bear market about sellers). That being said - it makes sense (in my opinion) to not only induce buyers now but to get rid of them as well and even get some sellers on board because if the dealer had enough liquidity to buy the market, guess what - that is exactly what he'd be doing Exhibit A - The bull move from yesterday That being said - I think it makes sense for the dealer to drive price a bit bearish at this point so that he can now build liquidity out of thin air by not only getting sellers back on board within this gold market but by also getting rid of buyers who had less than ideal stops along the bull move of yesterday Continuing to look for buys at this point would be dangerous (in my opinion) as it is not only NOT bullish enough to facilitate buys but it isn't buying at all as of the time of me writing this Personally I'd like to see price drop a bit more before considering more buys What do you think? Downvote\don't boost if you didn't read\listen to this entire post and don't understand OR Upvote\boost if you did read\listen to this entire post and do understand
OANDA:XAUUSDShort
by Brandon_evo4
GOLD Upexpected (FOR ME) push up - What could it mean?Hey guys Brandon here, ekatatrading..So I wanna briefly discuss what I am seeing on gold as of right now and this will very likely be my last update for the week on gold I'd be honest this bull push that is occurring right now was very unexpected FOR ME, I didn't see that coming - but I'd love to hear from the guys who will make B.S statements such as oh they absolutely did lol The facts are - Gold is in between two levels 1. The upper level in which sellers would be heavily interested AND 2. The lower level (from yesterdays low) in which buyers would have heavily bought both yesterday and today My problem is because price is literally in the middle of these two points at this time it could go either way and that creates problems for me the trader I can't discern where it is likely to go so the best bet is to sit and wait on more information I do However feel like a push up, take out sellers at the high and then crash down temporarily makes more sense for now though Downvote if you didn't listen to everything I had to say and don't understand what I am thinking OR Upvote\BOOST if you did listen to everything I had to say and do understand what I am thinking *This will show you who actually takes the time to read\listen to when someone posts an analysis*
OANDA:XAUUSD
by Brandon_evo4
Why GOLD is unlikely to move (MUCH) due to THANKSGIVINGGood Morning folks Brandon here, Ekatatrading..Gold may be moving into a slow period..Possible consolidation Today is a US bank holiday due to Thanksgiving This doesn't mean that GOLD won't move But truth be told I am not seeing any clear induction at this time which means to me - Everyone is actively being induced (both buyers and sellers) My play today is to watch gold and wait for it to show me a better hand Until then, see you guys tomorrow
OANDA:XAUUSD
by Brandon_evo4
GOLD Absolutely DESTROYS Sellers - As PredictedHey guys what's up Brandon here, ekatatrading. So I am here to discuss what really happened today through my own views. Now the first thing we must establish is that gold overall is a bull market..do we agree with this? Yes? ok good.. That being said - if that is the case, ultimately buys SHOULD make sense when the opportunity presents itself right? I see most traders all the time ignoring the momentum in hopes of catching the absolutely highest high for a sell or the lowest low for a buy - THE PROBLEM WITH THIS IS - how do you know where the highest high or the lowest low is? One trader responded to me by saying - "if I have to ask, it's because I haven't mastered my tools" true story. Let me let you in on a little secret - there is NO tool that will tell you this information. Your job is to figure out to the best of your ability what is likely to happen and that is it. Now saying that I want to present you with an alternative to calling a top or bottom - it's simple really - Let the market tell you where it is going and get on for the ride..that's it. Anyone who has been following me for any amount of time will have heard me say at least once - NEVER GO AGAINST THE MOMENTUM UNLESS A REVERSAL IS CLEAR - Ekatatrading This is a law and cannot be broken...at least for me and it works really damn well. I found my entry using the M1 timeframe and as I am typing this I am still very much in the trade. I also want to let you remember - I show and discuss my losses as well (ON THE RECORD) go to my profile you'd see The trick is to make sure when you lose, it isn't the end of the world Have a great rest of your day guys
OANDA:XAUUSDLong
by Brandon_evo4
6
GOLD FUTURES, Important FORMATION, Accelerate MASSIVE Breakout!Hello There! Welcome to my new analysis of the GOLD FUTURES. The massive inflation, recession, and supply-chain disruption events that emerged in the past times have increased the investor's fearfulness and accelerated the investor sentiment in regard to a favoring of safe haven investments to hedge against the massive inflation, recession, and supply-chain disruptions events. GOLD has been not only around for several thousands of years and already survived the great depression, the dot-com bubble, and the financial crisis but it has also become more and more popular in terms of an exchange value in a new gold-backed currency system implementation. The signs in the GOLD FUTURES price-action that I have spotted within recent times also point to a major interesting underlying dynamic as the GOLD price-action already had the ability to bounce within the 1620 and 1690 structure supports already forming an important bullish price spike towards the all-time-high direction this is forming a structure from where the GOLD price is now also building a substantial base above the 1920 area. These major open interest developments have created an ABC pattern with A being the pole and now with B forming this is forming the base from where a massive all-time-high breakout has a tremendous possibility to emerge. Furthermore, from the daily timeframe perspective, GOLD FUTURES are forming this substantial descending triangle formation that is likely to be completed with a final breakout above the upper boundary and from there on mark initial targets of 1240.5. From a weekly timeframe perspective, this will also complete the major GOLD base breakout from where GOLD is going to emerge with the wave C extension and activate a minimum target of 2500. In the next times, these are important levels to watch out and especially the final validations are going to have an enormously important effect on the actual price-action determinations to consider for the upcoming times. Remember, that the current dynamics are backed by investors who are looking to hedge against major inflation, recession, and supply-chain disruption events, and in this case an appropriate additional acceleration of the price-action moving at a faster pace will be realized with the necessary gold-backed currency system implementation. Thank you everybody for watching my idea about GOLD. Support from your side is greatly appreciated. VP
COMEX:GC1!
by VincePrince
17
FNV, GOLD-Mine GEM to Complete Historical Triangle-EXPANSION!Hello There! Welcome to my newest idea about FNV from the gold market perspective. In recent times, the gold market is approaching severe developments that could lead to major price-action disruptions in any case, especially with the important underlying dynamics to consider as I am doing it within the market. Major innovations and implementations within the gold market sector have the potential to accelerate the price-action dynamic so that stocks like gold mine stock have the potential to move on with historical breakouts like never seen in the gold market history. I have mentioned the gold market developments already in previous ideas and with FNV I have spotted a new gem within the market that can unfold its whole potential with the major gold-backed currency-system implementation developments ongoing. Historical Gold Market Developments and What Should be Derived for Today´s Market: Throughout history, gold rushes have shown that the market had the ability to convert the gold market into exponential growth rates almost overnight. Today, with the appropriate technology and innovation provided by a fourth industrial evolution development such measurements within the gold market can top everything seen before in the gold market history. An implementation of a gold-backed currency system even in a small or medium-sized economy field is going to accelerate the demand for gold and therefore also gold mines as it is the case with FNV in such a manner that a major breakout of the established price action will almost be inevitable. Major Formation to Increase the Potential for a Massive Trend-Acceleration Simultaneously With a Gold-Backed Currency-System Implementation. FNV is forming this gigantic epic ascending triangle formation with several bullish bouncing within the whole trend direction and the major bullish wave already established before. Furthermore, FNV has major support zones within the whole structure determined by the triangle boundary, the 65-EMA, and the horizontal supports. Now as FNV already penetrates the upper boundary of the major ascending wedge formation this means that a final breakout of the triangle formation above the upper boundary is not far away and especially in this case the full acceleration and implementation of the new gold-backed currency system could be one of the primary triggers of such a final breakout. Upcoming Perspectives, Determinations, Targets, and Underlying Dynamics as well as the Overall Gold Market to Consider for a Conversion-Breakout Wave-Expansion: Within my analysis, I spotted the most important metrics, key factors, and price levels to watch out for within the current development, and therefore the finalization of the final breakout and acceleration of the price dynamic is not far away. Once a breakout above the upper boundary of the paramount triangle formation has shown up this is going to mark the origin setup of the huge expansion wave to accelerate within the whole chart. In this case, FNV is going to mark a target zone of at least a 180% continuation. Especially, when the gold-backed currency-system implementation appropriately moves forward simultaneously with the breakout and expansion wave C this is going to accelerate the dynamic even above the levels of the upper target zones. Especially, today we should look at history and see how innovations and important market changes could transform a market such as the gold market into epic price actions with growth rates above average. Taking this into the perspective of the market today this could be the origin of a major transformational market like never seen before. Therefore, it is necessary that the necessary technology is implemented to actually realize the full potential that results from a gold-backed currency system and the acceleration of gold mines. In this case, I am going to re-analyze the developments with the major key metrics to estimate the trend ongoing within the gold market. It will be an important development. In this manner, thank you everybody for watching my analysis of CHFAUD. Support from your side is greatly appreciated. VP
NYSE:FNV
by VincePrince
15
GOLD, This BREAKOUT Will be the Most Price-Driving-Factor!Hello There! Welcome to my new analysis about GOLD on several timeframe perspectives. Since the war economy developments established in the recent year 2022 investors in the market are becoming much more fearful because of recession, inflation, stagflation, supply-chain disruptions and other factors that have changed the whole global financial markets into a market where investors are primarily looking to hedge against further uncertainty factors. Besides, that a implementation of a gold-backed currency-sytem is going to have massive effect not only on the gold-price-action, but also other price-driving-indications. As when considering the price-action GOLD has important lower support-zones in which it already bounced several times especially with the descending-support-level this is a major level from where a bounce is likely if not further supply and bearishness invalidates this level as a support. If a bounce from here on shows up with a implementation of a gold-backed currency-system in an even medium-sized economy this is going to convert the gold price into a pump near the all-time-high region. Then, it will be highly necessary that the gold-price also stays in this area and continues with the necessary momentum. Within the whole bigger global picture GOLD is building a much more momentous formation here as it is still within the Millenial-Cup-Handle-Formation and an initial completion of the local formation will be one step in the bigger picture of the completion of the final MIllenial-Cup-Handle-Formation. It has to be mentioned that the investors who are hedging against major recession, inflation, stagnation, and demand gap developments are holding the open interest here, this could change if a major gold-backed currenc-system implementation should reverse into the other direction. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
TVC:GOLD
by VincePrince
10
XAUUSD, H4 | Potential bearish reversalPrice is testing a major resistance level which is an overlap resistance + 61.8% Fibonacci retracement. There is also a descending resistance that suggests there could be bearish momentum. A reversal from here could see prices drop to the 1902 recent swing low. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
FX:XAUUSDShort
by FXCM
2
Midweek Review - Where to from here? Hey there, so far it's been a slow week, however with very important US and UK economic data releases lining up we could be getting ready for some interesting moves. So see how these moves could possibly affect the markets this week be sure to watch our midweek review and: - Get an overall view of the major pairs along with the possible outcomes. Which means you will be a step ahead of the markets as the data gets factored in leaving you to line up your positions accordingly. - See how you could potentially get a decent runner on Gold and up until were you can trade it, allowing you to plan ahead and take advantage of the current market structure. - Learn what economic events is lined up for the rest of the week and how it could possibly impact the markets moving forward.
by DeanMuller