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Goldbullish

IS THIS THE START OF THE BULL RUN FOR GOLD?We all know the story for gold. We all heard about it. Crazy estimates of 3000-5000 usd and even 10k usd price valuation. But after we hit over 2000 usd, price action went south really fast and nearly never corrected. Until it formed a double bottom recently. Bears cant go further and bulls started to win the fight. Now there is chance for a bull run. If price movement can close couple days above 50 day ema and previous support zone of 1756-1763, i do think we can be more optimistic about gold. Also it is important to note that when summer arrives gold prices tend to go higher. This coupled with the fact that fed will not raise rates this year and they probably will not change their bond buying program can cause huge price increase in gold market. Also US bond rates does seem to chill a bit and this can lead gold price rise even more. Everything looks optimistic for gold price if it can close couple candlestick on daily chart around this 50 day ema area. If not we cant be too optimistic until it close above this area. After all market expect decrease in quentitive easing and increase in interest rates in the foreseeable future. What you think about gold? Im heavily long in gold, at least for the short term, and want hear your idea!
TVC:GOLDLong
by thegreatwall38
4
GOLD SIMPLIFY BULLISH SETUP As we can see gold making falling wedge pattern on 4H timeframe , and potential inverted head and shoulder on 1H timeframe which mean he will reversal until we got confirmation the confirmation mean when he making high and higher low and then he making continuation pattern however gold can be bearish if he still respect the previous resistance @1790 but if he breakout as impulsive trend he will going up at least reach 1860 comment your perspective below !
OANDA:XAUUSDLong
by ITCFX
Gold Analysis 04/10/2020 -- Update 2After taking sells where we banked 90 pips, price broke above the range highlighted on the analysis last night. Instead of waiting for support to form, I waited for a retest and entered on the retest, so this was effectively a break and retest entry. As price reached the first target, I secured my entry and moved stops to BE. Price then reached my next target where I closed more partials leaving a 10% runner and I closed my final positions as we wicked off the resistance zone at 1918.50 securing 140 pips.
FX:XAUUSDLong
by rhf_fx
Gold Fake Out Play at 1,700 Level1-Hour: Price crossed below the 1,700 level and quickly retraced above it. It tested this level again, but held supported as well. This is the third wave where we're expecting bullish momentum to build up. 1-Day: This 1,700 level is also apparent on the daily timeframe. However, we might end up seeing this pair range as it pulls away from this level. As a result, as I set a modest first target of 1,722 and will wait to see how momentum plays out closer to that level.
OANDA:XAUUSDLong
by FinancialGamblR
2
GOLD SUPER LONG-TERM SCENARIOS EXPLAINED GOLD is unstoppable right now and is soon to storm the 1800 key level. The only question is- what we get to see: 1- An optimistic scenario, drawn with a green line, where there is a retest of support after a breakout towards 1900, and then a strong move up into the 2300/2500+ in 2-3 years. OR 2-A pessimistic scenario, drawn with a red line, where the breakout turns out to be a false one and GOLD returns below the 1800 level and gets stuck in there for another accumulation period for another 5-10 years. It is clear by now, that the general uptrend will continue and that a super long term outlook is certainly bullish, but just how bullish is a question for 8 trillion dollars, which is the current total gold market cap. It is clear that the 1500 level is the new absolute bottom, and that we will never see gold cheaper than that again, so should gold choose the second scenario then buy near 1500-1600 level.(unless Earth isn't hit by a massive asteroid full of gold anytime soon) An example of what trading will look like in a pessimistic scenario can be seen in the blue rectangle around the lower accumulation zone. The fundamentals beyond the gold growth are the usual culprits: central banks printing money, fears of inflation, the increased demand for a safe haven other than dollar, negative rates and, possible stagflation. There is a remote potential for the gold to come back as a funding vehicle, when people, companies and states will be borrowing and transacting in gold. That would have us see gold=10.000 and more. Guys, hit that like button to support me, subscribe for more analysis and comment, what do you think? Share your experience and wisdom with us! Wish you all good luck in your trading!
TVC:GOLDLong
by ProSignalsFx
16