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GOLD Pullback to 1625.25| Downtrend in the making| 3March2020GOLD IS DEVELOPING A NEW BEARISHNESS DOWNTREND 1586.55 start with a new robust demand towards 1625.25 after a 'selling climax'. Is this is a new beginning of a Gold downtrend? Most of the trader selling Gold due to cover their margin lost at Dow Jones market crash. The coronavirus is in the critical first wave development. The market crash has send down to Gold due investors selling. China try to cover the pandemic to not let the world know how bad it is. The pandemic is now spreading faster and penetrated to the South Korea, Iran, Japan and some of Europe countries like Italy. Investors dump stocks as fears mount that outbreak has not been contained and investors scramble to reassess impacts. As investors punished stocks and oil, they fled towards safe-haven assets like gold, government bonds and select currencies. Gold, which is historically seen as the safest of bets in troubled and uncertain times, was sent on a roller coaster on Friday. While the Gold set low to 1586.55, this would be the very good from all of the investor to start to pump up gold again as asset in the future. Benefit from the coronavirus was the GOLD will pushed lower thus the lower price in GOLD would be the discounted price to buy from below intrinsic value at the cheapest price. It is an odd moment for gold to be tumbling. One of the oldest and most-trusted safe havens in times of crises, gold typically rallies amid nasty stock sell-offs like the one that has gripped the world this week. So its plunge Friday -- it fell as much as 5%, the most in almost seven years -- caught many traders flat-footed and scrambling for explanations as to what had just happened. The most often heard of them: Gold investors don't want to sell but are forced to cover the losses in other asset classes. It first started with forced selling from equity investors who also sold their gold positions to cover their losses in equities and also to cover margin calls. For me, selling price is much more easier to happen rather than to push upward. The historical gain on the past last month February 2020 has been erased within 1 week period. The buying plan to get the GOLD push forward higher will take sometimes gaining periodically when there is nothing major event impacted the gold and more lowest interest rate could help. Looking forecast 1.75% to go 1.50% on 17-18 March 2020 Fed FOMC plan. Gold is forming a bearish downtrend for the first time in history will to be continue. Robust demand to 1625.25 before GOLD will pushing downward to cover the economy from fear of margin call stock from investor will be continue. Dont forget to subscribe if you like the post. Thumbs up. By Zezu Zaza
OANDA:XAUUSDLong
by Zezu_Zaza
Beating continues, what to do with euro, yen & poundYesterday was largely typical of the current week: investors continued exodus from risky assets and increased positions in safe-haven assets. Perhaps the main result of the day can be considered the return of the yen to the fold of safe-haven assets. Recall that last week, after the devastating data on Japan's GDP, there was talk that the yen could no longer be a full-fledged refuge. But, judging by its growth yesterday, it’s quite possible for itself. True, such a strong growth of the yen raises questions, but are its buyers too carried away? In the end, no one canceled the failed GDP data, as did the fact that the country was one step away from the recession. So today we are inclined to look for points for purchases of a pair of USDJPY. Meanwhile, a survey of European companies operating in China showed that 577 out of 577 respondents surveyed expect their performance to worsen due to the epidemic and the downtime of the Chinese economy. The results, although obvious, are no less indicative of this. The epidemic continues to expand around the world (the number of new cases in the world steadily exceeded the number of new cases of infection in China) and the point is not even the increase in the number of new cases, but the fact that an increasing number of countries are taking certain preventive measures, including restricting travel, school closures, etc. All this, ultimately, will lead to an increase in the scale of economic losses. Well, the list of companies that have publicly announced the deterioration of their financial results in the future has been replenished with such titans as Microsoft, Anheuser-Busch InBev, etc. Actually, as we predicted in our previous reviews. Investors, meanwhile, are urgently reviewing their expectations regarding the actions of the Central Banks. In particular, 90% of traders expect a Fed rate cut in April. So yesterday's dollar difficulties in the foreign exchange market are generally understandable. Nevertheless, the growth of the euro against the dollar seems very abnormal to us and we are inclined to sell a pair of EURUSD today in double, if not triple volumes. Recall that the Eurozone economy continues to experience serious difficulties, and this is still without the consequences of a coronavirus. The situation in Italy also does not contribute to the purchase of the euro. Therefore, we sell the euro against the dollar at full capacity. As for the general list of our positions for today, it is generally unchanged: we are looking for points for buying gold (but we are careful - we buy on the slopes with mandatory stops), we sell oil, we sell EURUSD, we buy GBPUSD. The only sales of USDJPY today we are replacing with the purchase of a pair with small stops.
by Trade24Fx
GOLD Price Ended The Correction| Meeting 1689.00| 27th Feb 2020Hi good day. This is my dairy trading analysis. I will posted the diary on behalf of my trading days. The price of gold has already end for the correction. The price will continue to resume its uptrend in now. 5:13pm GMT +8 Malaysia Time. I have received many compliment towards my post and I would like to say thank you to all the traders or constitution company that follow my analysis. I am totally appreciated so much. For me, trust and believe are the most important as this gained a respect towards my trading. I would like to say that all my post might be bit fast towards the prediction before it happens. In term of that in order to alert the traders to where we are heading is very crucial. Kindly adjust your trading is the perfect ways to combine with my prophecy. Right now, the price has developed a bowl. In a process of developing and before the price break the key element of 1650.00. This is the mark before you can make it happen. Price will bring the heavy volume around the corner to break the 1650.00 psychological pricing. Bowl has been known which the price already made a correction and it is ready to resume the trend (uptrend). It is a sign of bullish after meeting three(3) robust demand. The price will meet 1689.00 in order to break the 1690.00 towards 1700.00 level. The demand has exceed the supply and I believe right now all bull trading around the chart making its way to buy gold again. We are now collecting and waiting all the bull trader to march forward with a massive group. This brings the volume for us to defeat the bear traders while bear traders has been weakening slowly. I am right now has made purchase for GOLD. I am target at least 1000 pips locking by Touch N Go technique principle Checkmate Trading style. I will put add the lot on the support and add the lot more to multiply and amplify the profit margin. Good Luck. By Zezy Zaza
FX_IDC:XAUUSDLong
by Zezu_Zaza
GOLD trade plan(BULLS READY TO TAKE OVER)Sell short, Buy long!!!Welcome new subscribers, Feel free to relate with my trade analyses.. Update me on your running positions. Thank you. So Congrats on our previous sell.. We quite back to our major supports, so we get ready for our buy as bears exhausted hence support isn't broken, But before that i see the market range around 1545-1560 before the spike up, NB: As long as supports isn't broken then BUY!! As usual we minimize our risk and maximize the profits. Please comment, like and share your ideas on this particular pair too. thanks!
OANDA:XAUUSDLong
by NAS-KING
2
Gold: Too Early for a Trend ReversalI was discussing with other traders in the Gold Discussion ChatRoom about the high volatility of Gold futures these days. My opinion, as stated in the linked idea, is still bullish. When trading commodities and stocks in consolidation phase or with high volatility, I usually check the "On Balance Volume" (OBV) Indicator looking for a divergence. This indicator bases on the fact that volume precedes prices. Divergences between OBV and price could help to identify a trend reversal (and they are a strong signal). In the chart, I graphed the positive trend in green (starting from December 2019) and the recent retracement in red (last two days). OBV indicator is still high (showing bullish strength), and there is no divergence with the price level. Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties. Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal. I am not a financial advisor.
FX:XAUUSDLong
by Investing_Fellow
Gold - Up, up, and away.. Target $1,600Gold is continuing its solid run from late December and is up by nearly 1% today, rising to near four-month highs. Price is now looking towards the late August and early September high @ $1,557.11 and a break above that could trigger further stops on the way up. I don't think I need to point out in every post the attractiveness of gold during this time of the year due to seasonal patterns.\ Despite the more positive risk mood in equities yesterday, gold still managed to keep with gains to start the year. And now that there's a good chance of equities seeing some form of retracement, it'll only help to fuel the run higher in gold based off fundamentals. And technically, if gold clears the $1,557.11 level, it could make headway towards $1,600 next on seasonal demand as well as other factors falling right into place.
OANDA:XAUUSDLong
by TheOfficialAdli
1