$1800 for Gold could be major support$1800 for the gold bugs seems to be a Goldilocks number. Recent support has been tested several times but a break out from the recent downtrend at first looked like a false breakout. If we were to take that swing high on this latest bullish move, the consensus target of $2000 should be easily met, even $2100 is doable.
For the likes of a royalty company the fluctuations in the metals is less relevant but a higher precious metal market does bring outside interest back into these assets, so the likes of Vox Royalty will be benefiting from the current appreciation in the yellow metal. They both have shown a swing low buy the dip from mid-June, so some correlation currently on show.
Gc!1
GC +1,100 Tick Bullish PushThe GC one hour time frame is breaking the
down trend line and is in a sideways range. It will
be a good idea to allow the market to break and
close above the small sideways range and give
a counter trend line break bullish in the buy zone.
Once or if the market does that. It will be a good
idea to use Fibonacci to help find the limits
Entry: Counter trend line breaks bullish in the
buy zone.
STOP: 1741.9
LIMIT: Next Fibonacci extension in the buy zone
Or Daily Up Fibonacci: 1922.4
As long as the market stays in the side ways
range and or in the buy zone. It will be a good
idea to turn to the five minute time frame and
to look for tunnel trader long / destination
trader long opportunities.
gold switch sell to powerfull buy trend today gold break yesterday high and red trendline ,this mean + up trend start in morning to 1820 then 1850(fibo 61% is in pro traders focus)
advice=looking for buy in deep , dont pick sell signals
note=daily sma200 is buyer target
if you have sell ,close it or put sl on today high or hedge it (lot=2*total sells)
today friday is NFP day NFP= Non-Farm Employment Change show employment in industrial , when it comes good show economy power , will move eurusd,gold to down , move up dollar index,dow,dax
30%=if gold break high ,can fly up to fibo 61% 1850
70%= gold by eurusd will go down,after 1740 touch,big buyer like funds will start buy ( larg banks(they broker like citi,deutche bank) have near 200.000 lot on gold futures GC1! )
ALERT=if big unexpected news comes, gold can break 1740 trend line,can crash to 1700-1680 support ,so 100% put SL near 1720 (after open,hold buy 20-30 day )
prnt.sc souce:forexfactory.com
predict= NFP will comes good, will push eurusd,gold to down,to trend line, from monday gold will start + trend to fibo 61%
good luck
despite today up move , be sure gold is sell to 1740dollar index and eurusd have high relation ship,,,they dont touch trend yet
eurusd must go down ,dxy must go up = gold will go down
dont inter buy , soon or late gold must touch black trend in 1740
USA 10 year bond yeild going up too =gold sell
dont allow 2-3 green candel force you buy , above 3 fact show big banks,fund trader,pro traders looking for sell on gold until 1740, after touch 1740 looking buy
lets look weekly and daily chart exactly as i predict Dollar index by daily chart pinbar go up =gold must go down
for next 3 month ,after speak big traders in banks,funds , we predict butterfly pattern comming for next 60 day
save in mind,draw on your chart =
green arrow ,important ,powerfull limit order place with sl=10$ trailstop(breakeven)=10$ (after 6$-10$ ,move SL to open price,then give time go more)
in green arrow we will buy and hold for new high (min 1920)
www.tradingview.com
note=like 1740 buy in gold, EURUSD have same buylimit signal too ,check my last eurusd analyse
gold break 3angel pattern ,have sellsignal many big money traders in wait buy gold in 1740 (hold longterm)
in down we have 2 powerfull support comes from daily chart
AC daily is green but near to turn red ,when turn red, wild down trend possible to 1740
AC 1hour is down full red now going to green mean 2-3 green candel up move ,zigzag posible
result= litle up move possible but main trend is sell (until high breaks, break high mean + trend can start)
for comming week ,scenario on daily chart 1-switch trend on gold = gold always after crash , 2-3 day turn range then start go up to 1820
in down we have big trendline in 1740 - powerfull support in 1675 - then on weekly chart fibo 61% in 1450 $
2 in comming week if gold break low 1770 can go to 1740 (powerfull buylimit place with sl=10.00) then start powerfull trend to 1920 then 1960
take look open orders on gold futures by larg banks and fund money managers
prnt.sc
they had heavy close buys ,but dont inter big sells (for this gold cant go up in 4-5 days ago,they close buys in high,couse gold be range,zigzag , this show retail traders buying ) if gold can break high and close on high ,they can start buy , personaly i think they are waiting 1740(big trend) to inter heavy buy for hold longterm to around 2000$
gold hardly break 3angel,,,now have buystop signal buystop on high with sl=low its target is daily Sma200 and fibo 61%
if you have old buy on up , 100% put sellimit on daily sma200 and fibo 61%( lot size =0.5*total buys)
AC daily is green (show buyer and + trend will come) when AC 1hour go down,full red you can buy with sl=6.00$ ttp=18.00$ ( on this stratgy eat 5sl in 10 is normal , if you remove sl can margincall you,,,after set sl ,dont remove it,never)
ALERT=IF GOLD BREAK LOW 1770 CAN CRASH TO 1740 TREND (buylimit place)
note=on my chart ,downer indicator is BACKWARDATION indicator to show gold cfd and gold futures price spread
ALERT=gold break today low = open door to downer 1740boys we have powerfull big trend in 1740 , many trader focus on it , if gold break low can melt to 1740(powerfull buylimit place with sl=10.00)
if you have old buy , put hedge sellstop in low 1770 (after sell open,dont close it in low,allow gold go down and back to up , open price ,then close it , give time to go upper)
finaly daily stoch and AC give buy signal
gold next target is fibo 38% then daily sma200 then fibo 61% (green fibo in right side is growing fibo)
personaly near big trend 1820 i will sell with sl=10 trailstop=10 (if you want sell ,100% put sl and dont touch it)
if sl fill , big trend 1820 break,gold will fly up and big money traders start heavy buy and gold will back to high
strongly advice put SL on high,low or 6.00$ and dont remove it
if you have old buy ,dont close them soon ,give time go up (if lot size is high ,reduce it instead close) gold can see 1960 in next 20 day(if news not comes) gold love go up
dont panic ,any rate change yet , FED only speak about it if your experience is under 7 year ,strongly advice dont inter this panic market(gold,silver,eurusd) ,go and rest this week until + up trend appear ,then looking for buy
AFTER I SPEAK WITH MY FRIENDS , CITI BANK TRADERS AND BIG FUND MANAGERS :WE FIND NO REAL THING BEHIND CRASH
mr pawell say :we expect (maybe, forecast ) change rate in 2023 (after 2 year)
i cant understand this crash on eurusd ,DXY then gold , he only say his idea ,no any 100% action , even be real action ,it will happend in 2023 not now !!!!!!!!! this is real emotion crash joke
www.cnbc.com
in other side even DXY going up , yield US10Y bond yield going down ,this mean gold value must go up (when yield ging down, more investor comes to buy gold)
predict= in this week effect of DXY even go up will ease , gold big money traders will start buy , range,zigzag with + trend can start(for switch trend) ,after emotion on EURUSD ease ,gold will back to high again (in next 20 day)
if AC on daily chart turn green , 90% up trend will start (i am very hard waiting AC turn green on daily chart)
let see AC on monthly chart too ,show main trend is + up
i want you success , advice looking for buy and hold it 3-4 week until 1960 ,,,, current price is very very low for gold ,soon or late gold must see 2000$
Dollar, Gold and the Euro - where to next?
I just read an idea posted in Tradingview that this is the time to buy the EURO.
As well there is a lot of chatter about Gold being a gift at these levels.
This big move started this week. I believe its too soon to take a position in either one of them. This is not to say there won't be backtests as investors rush in. Looking at these daily charts gives you the perspective to see what's really going on.
So to be clear - the value of the US dollar (DXY) affects the EURO and GOLD - as the both are based on the relative strength of the DXY.
This move isn't over - clearly the breakout is happening fast, it maybe over this upcoming week. However, that does not mean it return immediately to previous levels. Expect some accumulation and distribution.
A higher US Dollar slows down: inflation, and debt ridden non-US companies with US Dollar denominated debt, who now have larger financial obligations.
One thing that is VERY interesting is clear that all three, DXY, GOLD, and the EURO are balancing inside their respective triangles, for a much bigger move. If you have the answer to that - its worth a fortune.
Why is this happening? The Federal Reserve has now signaled that there are at least two rate hikes forthcoming. While in Europe there is none of this talk, ergo higher rates - stronger currency.
Last year there were numerous well respected pundits claiming the dollar was about to soar (such as Keith McCullough of Hedgeye and Raoul Pal of Real Vision fame) Pal wrote on Twitter April 25th, 2020: 'You see the biggest problem the world faces is the dollar. We are in a viscous doom loop where slowing growth causes the dollar to rise' I can't believe he hasn't deleted this tweet.
When in fact the absolute opposite happened. So tune out the noise and watch the charts for the 'Real Vision' ;)
Expect the US Dollar to push through the what is an obvious trend line and bend it not break it approaching the round psychological number of 93. This is also close to 1.61 Fib at the top of the channel. The yellow triangle is where you might consider taking a long position in either the metals or pairs that verses the US dollar.
Levels are indentified where both GOLD and the EURO may fall to.
As a side note, the US Equites have rallied in part because of weakness in the US Dollar, which rallied at every drop in the dollar - they may have some catch up to do as the dollar is rising faster than SPX or NDX is dropping although the Russell and DOW seemed to be paying attention.
Gold volatility in playThe sudden drop in Gold was expected (privately shared) within a circle. But what was surprising was the immense drop, spurred by the sudden spike in the USD.
Noted that there appears to be an inverse Head adn Shoulders pattern forming, and the neckline and extension is marked in purple.
Projection for down and a fast up to 2100 in mid-October 2021 (previously September).
Watch for the bounce!
you must buy this 2 powerfull buy and hold 15 day sorrily eurusd emotional go down,effect DXY dollar go up
DXY go up effect gold go down but soon will ease ( US10Y yield go down will push gold up in next days )
advice = buylimit above green arrow and hold buys min 20 day to near high (dont close soon with little profit)
Gold history from 1950 show if gold 50$ go down,100$ will go up ,see march 2020 crash
gold reach fibo 61% fibo 61% and fibo 161%(for find tp) are most important fibo on gold
lets see AC and stoch and ichimoku(not very important) on daily chart
ichimoku give buy
stoch is sell ,but going to buy in next 2-3 candel
AC is red ,mean trend is sell but going to green(mean up trend comming) personaly i am waiting AC daily turn green , then big pro buyer like banks,fund trader will buy
like gold manner before ,gold love double bottom , it can double bottom then in next 7-8 day going to up
(best place for buy with SL under low)
i have 3 buy (gray arrow on chart) imposible i close them sooner than 1920-1960
if you have buy and your lot size is pro traders lot (1000$ max 0.01 lot) 100% be relax , gold will see high in next 2-25 day , just dont close buy soon ,try wait min 1920)
if you open big lot , understand i (anybody)cant predict unexpected breaking news, (for this i ask 1000 time reduce your levrage to 10 max 20 and 1000$ 0.01 lot) your problem is money manage , after close orders,stop trade on real , witdrawal all money,back to demo work on 1000$ balance and 0.01 lot and put SL in low , if dont do 100% you willl 0.00 in next nexs soon or late
GC Daily time frame at low priceGC Daily time frame is in an up trend. The market
is making higher highs and higher lows. The daily
time frame is moving from a high price towards
a low price. Turning to the one hour time frame
and looking for the market to enter into the buy
zone will be a great idea.
There is an up Fibonacci extension above the live
market price point 1922.4 about +1,450 ticks away.
Once or if the market can break the down trend
line on the one hour, that would be a great
place to look for long trades.
gold double bottom creatingAC daily red push gold down
if you cant buy before,put buylimit aroung 1842
if you have buy ,dont fear ,pull back is normal when you want pick trend (gold want create new double bottom (i was say yesterday)
after buy open ,10 day give time for grow,,,dont close with little profit like stupid new traders ,close thease buys sooner than 1960 show you are week in trade control,self control
after 15.00$ profit ,move sl to open price , let it go to 1960 or exit with 0
gold next target= SMA200 1hour chart 1880becouse AC daily is red (AC 60min is red too),gold is range ,when AC turn green gold can fly up
strongly advice dont open reverse posation(sell for now) on gold,silver , instead reverse looking for buystop on high (4-5 pip above) ,buy in low
our main target for close buys =1960 support (can take 5-6 day)