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Goldbuy

Gold Investement/Trade Idea LongTechnical Side of the Idea : The weekly chart highlights the significant corrective phase that gold has been in since peaking in August of last year, with price grinding just over 19% lower to test the 0.61 for the first time since May of 2019. This downhill slog however, still doesn’t seem to be a change in the overall bullish trend seen over the last three years, as prices carve out a possible Bull Flag continuation pattern. Zooming into the daily chart reinforces the bullish outlook depicted on the weekly timeframe, as prices validates the topside break of a Double Bottom reversal pattern. But i would Liek to see another Buttom To Confrim the Upside Move . Please Note : The price can Move directly Too or Retrace to 1707 First . Have an Eye on it . if The price Made a Third Buttom we are going to Visit 3700$ Easy In the next 3 Years . Fundamental Analysis : A Classic Eearly Sign of a commodity Cycle , Mining Industry Nonfram Payrolls near Historical lows , This Happend in Early 1970,2000s , Both Marked the onset of a commodities Bull Market , Normally Labor and capital constraints are the amplifiers of Bull Market in Resource Stocks ,On The Other side We saw that house prices went down during the global financial crisis, and the stock market had significant losses. We see the opposite happening now, and it is not a surprise that people think there is a bubble because it doesn´t make sense. The fundamentals of most companies in the S&P 500 did not improve because of the COVID-19 crisis, but still, their value went up. The fundamentals for Gold might have improved, but the increase in value is unprecedented. Remember the definition of inflation; inflation reflects a reduction in the purchasing power per unit of money. What we see is hyperinflation. It is not the increase in worth of S&P 500 companies, houses, ect, but is the loss of value of our dollars and euros that we are seeing. This is the result of the almost unlimited printing of dollars and euros. Our dollars and euros are losing value rapidly, it doesn´t show in your groceries, but it shows in other things this time. There is no bubble; there is hyperinflation. If you have Any Questions don't Hesitate to Comment or Contact me . S.Sadki
OANDA:XAUUSDLong
by SaraSadki
4
AMAZING opportunity in GOLD. Price target 6000usd (3/3)This is publication 3 out of 3. Please give my idea a like if you found it useful. Chart 1: Chart 2: History might not always repeat itself, but it often rhymes. The similarities between these charts are astonishing. The chart on the left shows us how the gold price was setting up before the parabolic bull run in the end of the 1970s. Check out the charts above for a closer look. Gold is nearing the end of its long consolidation period. Gold is ridiculously undervalued at this price. With strong fundamental support, this Cup and handle pattern will launch the price of Gold into the sky. Okay, so we have a buy setup here, but where did I get my price target from? Why do I say 6000usd as ultimate target? Well, honestly, predicting the top is going to be very difficult. Maybe we go above 6k, or maybe we top out a little below. If we compare the fib levels to the parabolic bull run in the end of the 1970s, we can see that it wicked above the 4.236 fib level. Going to the 2.618 fib level at 5400, and even wicking above - up to the psychological level at 6000usd, is not unrealistic technically speaking. I would not be surprised if we even overshoot the 3.618 fib. We also have a variety of different correlations that supports a big growth for Gold , like the gold to monetary base ratio. I don't have the time right now to go in depth about all the fundamental factors in play here, but here are some pointers: - Negative real interest rates - Gold is a tier 1 asset - store of value - Massive currency creation ---------> inflation inevitable, -> currency crisis we can already see signs of inflation - commodity prices are soaring As soon as money velocity speeds up again - inflation will accelerate -Uncertain times and political instability -> People tend to put their money in a safe asset ( Gold = Safe haven) when times are uncertain -More retail investors in the financial markets - we have seen a massive surge in retail investors and traders the past couple of years - people are becoming more informed about how the financial systems work. When crypto cools down, and all the new retail investors who thought crypto would be the best inflation hedge realise that they should diversify into other, less speculative, assets - such as Gold and other precious metals, we will gain a lot of momentum.
FOREXCOM:XAUUSDLong
by Ymir1
11
Bullish setup in gold strikingly similar to 1970s bull run (2/3)This is publication 2 out of 3. History might not always repeat itself, but it often rhymes. The similarities between these charts are astonishing. The chart on the left shows us how the gold price was setting up before the parabolic bull run in the end of the 1970s. Gold is nearing the end of its long consolidation period. Gold is ridiculously undervalued at this price. With strong fundamental support, this Cup and handle pattern will launch the price of Gold into the sky. 6000 USD/Ounce is my ultimate target. Check out my other publications to get a better understanding why the Gold price will soar, and why I think 6000 is a realistic target. Chart 1 -
TVC:GOLDLong
by Ymir1
Gold-Xauusd setup 2hello world I am expecting gold to drop further if we go below 1766 but currently 1772 is acting as strong support if we break 1766 next target will be 1750 but if we failed to break 1772 support it will go back to 1792 again. so what I recommend is short below 1792 and long above 1792 after a retest in both cases if you long 1792 stop loss to be 1789 and target will be 1803-1817-1832-1847 if you short below 1792 stop loss will be 1795 and target to be 1772-1750-1709-1628 also you can see it is forming Head & Shoulder pattern. good luck
OANDA:XAUUSD
by Mr_Negative
2