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Gold-trading

GOLD SWING TRADE 07-Oct-2020The GOLD has lost its bullish ground on yesterday as the Economic stimulus talks went in vain and USD got some major bid And gold has reached 1875.00 broadly And its in retracement phase and we are expecting that it might reach the 1896.50 or 1900.00 level and will go bearish as this levels are the strong resistance for the bull SWING TRADE - GOLD Sell @ 1898.00 Take profit @ 1852.00 Stop lose @ 1922.00 Don't risk more than 1% of your capital
OANDA:XAUUSDShort
by forexorbit
7
XAUUSD | GOLD is currently heading towards the upside, however..PLEASE SUPPORT THE IDEA BY SMASHING LIKE AND GIVING A COMMENT <3 Hello Forex Trading Lions! PLEASE ENJOY THE FREE IDEA! Today we are having a look at GOLD, xauusd has just recently started gaining strength and putting pressure on the USD. There is a daily/12 hourly downtrend area of trendline sensitivity that could be respected, but if you want to join in for a quick swing or scalp this could work out fine. Its also respecting the moving averages which show bullish pressure. Follow & Check Out My Profile! PEACE <3
FX:XAUUSDLong
by FX-TradingLions
9
I still recommend longing Gold.Trade at your own risk, and with your own bias - but I do see a strong trend, with us having just confirmed it. This dip was a great opportunity for big players to join in - the gold rush. Highly recommend longing gold. I have shared an avalanche of Technical Analysis clearly expressing a weakening dollar. I am also still risk on within equities, but we will be pricing in political risk (uncertainty) in the coming days. I would prefer having that buying power in a safer asset, especially at the current highs.
COMEX:GC1!Long
by ZenMode
3
Correlation between Gold (XAUUSD) and Sp500 ( stock market )In the past , The movement of gold and stocks has been in opposite directions , after the Covid 19 and beginning of the pandemic , The stock market began to fall sharply but on the other side , gold started a rally ,The situation was getting worse day by day, but the rise of gold did not continue And suddenly gold fell sharply for some reasons , One of them was due to the stock market crash Because this fall had caused the shareholders' margins to be severely down And if it continued like this, their accounts would be suspended ( call margin ) . Gold had grown so much on that time , And this is what caused that those who had a open positions on the gold and stocks at the same time forced to closing their positions on gold and import that money ( which made by invest in gold ) to the stock market to made a Appropriate balance To prevent their account from being suspended (call margin) , This caused gold to plummet . on that time the stock market crash stopped and started the range trend , after the gold sharply drop over and reached the Appropriate point ( From a technical point of view ) , now both of them ( gold and stocks) were on the bottom , so they need something to trigger their rally good technical point And the fall of the dollar started the bull trend for gold at same time stimulants packages from government arrived and bulls also entered the stock market , until today both of the are moving at the same direction and they got correlation with each other Which you can see that in the picture , today they both got growth so much , gold reach to the all time high and sp500 ( stock market ) reach to the point Which had begun to fall at the onset of the disease , in technical view the The situation is a bit difficult for both , but in the fundamentals It gets even harder for them , china and united state tension enters a new phase every day and grow day by day , second wave of corona and no certain news from vaccine , and the most important of them is the whispering about rejecting the new economy stimulus package which it can cost a lot for stock market , so if any of the top reason make the stock market to start a correction ( which This is not unlikely to happen ) we have to expected the same thing happen to gold too , (In my opinion, gold is imitating stock movements ) so it all depend to the stock market , we don't know when pandemic will over or how far the china and united state tension will continue , but We will be informed soon about the new stimulants package , so i recommend to stay caution about the trading and investing gold and stocks until the stimulus packages Finalized . hope it was useful ! ps : orange line Representative of the sp500 and candles Representative of the gold price movement .
FX_IDC:XAUUSDShort
by mohamad_mi