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GLD

GOLD will break ATH (▲▲▲)🔥 DELTA7 Trend Score: ▲▲▲ 💡 Quick Analysis: M onthly ▲ - Monthly still showing on-going momentum. Pullback likely to be a reaccumulation 3 M onthly: ▲ - Solid widespread trending candle. Next 6months there a good chance retrace for stop hunt on the open of that level. 6 M onthly: ▲ - Price currently above yearly/semeter open which is a resistance range. ______________________ Word of appreciation to all people following finding bits of my content useful in shaping their own thinking. I appreciate the words. 🙏 Improving your thought process is 10x more useful than just following signals or trade-setups. That is generally my main goal, impact the mind. Be aware, following trade setups that become extremely popular are more likely get smart-money and whales working against you. Keep this in mind that nothing is ever static in the market. Likewise, pattern setups or other type of set-in-stone setup will cause you drawdowns and getting stopped more often than not. The key is adapt with the flow and be opportunistic as the market evolve and pay attention to higher timeframes, always. The hindsight clout game on successful trades is irrelevant. All that matters is your own PnL. How you manage risk, money and your emotions. If you are just following other's setups its is just a question of time until you lose all your money over time. Yes, its going to happen. In these videos seek to capture strategic thinking not tactical setups or counter trade popular ideas just for the shake of counter trading. "The most contrarian thing of all is not to oppose the crowd but to think for yourself." - Peter Thiel Everything is supply, demand, fear and greed. That is it! Supply and demand is what dictate scarcity and the different push/pull forces in the market and smart money, market makers and other liquidity providers will use "Fear and Greed" as a tool/framework to drive emotional reaction from retail and other players prone to these traps. Best! 👊✌️ D7R
FX_IDC:XAUUSDLong
by D7R
Gold 100% Potential - Cup and HandleThe cup and handle is a fairly reliable trading pattern, especially when we see it continue here on the long term time frames. Gold has been building this position for quite some time. For those that are huge fans of this stable asset, the massive amount of money printing that can be seen coming from the FED is a shot in the dark for those who like to hold scarce assets. In a world where supply can be stimulated simply through printing, how do we retain some type of reality in the markets. They physical assets here will maintain a value sentiment as dollars are increasingly printed. They will inflate the prices of all the other asset classes, or at least, that is my current conjecture, Keep a close eye on your GLD trades here, or do as I do and .... ALWAYS KEEP INVESTING!
TVC:GOLDLong
by Arcane-bear
China Tensions to Push Gold Over the Top?Technically, gold has been more or less bulletproof since March, finding strong demand on every minor pullback. If the "China Trade War" period is any guide, we are very close to a breakout topside. As long as GC1! stays in the upper half of that regression channel, you're supposed to get long and/or stay long. Bulls may need to wait for the 50-day to catch up so be willing to be a little patient. Our target remains $2,000 by Labor Day and $3,000 by the end of 2021.
COMEX:GC1!Long
by Apollo421
Gold to Silver Ratio FallingThis ratio shows the amount of silver it takes to equal one ounce of gold in price. When the ratio is rising it means that gold is outperforming silver; when the ratio is falling it means that silver is outperforming gold. The gold to silver ratio is currently at 106 and falling after hitting an all-time high of 126:1. The average ratio in modern times is about 50:1, with the long-term historical average dating back 5,000 years being closer to 15:1. In recent times, 80:1 was about the peak we would see in the ratio before it would fall again, so the recent jump to 126 was more than likely a once-in-a-lifetime event as silver became severely undervalued compared to gold. The chart currently shows three yellow price candles which indicates that extreme bullish volatility was experienced in the move up as gold outperformed silver. This was most likely due to investors fleeing to gold due to its main function being a store of value, while silver failed to see the same gains due to it mostly being an industrial metal, and since global production has dropped off during the virus outbreak silver was not in high demand. That trend appears to now be shifting in silver's favor due to the extreme disconnect in the ratio. The three yellow price candles show a strong move up on the first yellow candle, followed by a second yellow candle with a small body and long lower wick, and now the current price candle is retreating. This three-candle pattern resembles a hanging man reversal candle pattern with the second yellow candle being the hanging man candle. This occurs when the price of an asset sees high demand, and then a sudden pause as traders become indecisive, followed by a reversal. This pattern tends to mark the top of price advance, and since we are looking at the gold-to-silver ratio it likely means that we have seen the end of gold outperforming silver, at least in the short-term, and can expect silver to now begin to outperform gold. The expected move going forward is a decline in the ratio back to 80:1, and more than likely being followed by an undershoot back down to 50:1. If you're playing precious metals, now would be a good time to go heavier in silver trades and then convert back to gold when the ratio hits 50:1 or lower.
TVC:GOLDSILVER
by PrepForProfit
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