Goldeur
GOLD XAU/EUR Bearish Robbery Plan to make moneyMy Dear Gold Euro Robbers / Traders,
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GOLD - Time To Sell !!!The geopolitical event has helped gold to set a new all time high (what would probably happen anyways at some point). Right now people are very scared, and are fomo buying commodities like metals, oil, gas futures, and so on... right at their all time highs. Think about it... they make retail investors sell equities at their local bottoms to FOMO buy commodities at their tops.
Given that everything has become more expensive, especially OIL, this could drive more inflation (money printing) in a short term, eventually resulting in equities going up and commodities going down (in this example gold). But only for a short period of time (few weeks to maybe months).
Structurally Gold could be doing the same reversal pattern we saw with Bitcoin topping at 69k. I've put btc price topping next to the gold chart so you can see how simmilar they are. I am trying to be a head of the croud here. Very simmilar structure could play out like this. My call is a BIG sell for gold right now.
I might be wrong but there are just to much confluences in the market right now between equities and commodities.
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
OANDA:XAUEUR
Gold Vs 10 Year Treasury Bond Interest Rates In this video, I explain in detail the relationship between the price of Gold and the interest rate on 10-Year Government Treasury Bonds.
You will understand why Gold is used as a hedge against inflation when investors cannot protect the purchasing power of their wealth through the purchase of government treasury bonds.
Gold has risen in value by 231% since 2007 from $545 an ounce to $1,809 an ounce.
As central banks must keep interest rates low coming out of the Covid-19 pandemic to help governments borrow huge amounts to inject stimulus into the economy, gold remains alongside stocks the only way investors can hedge the risk of inflation from eroding the value of their wealth.
We also look at Gold priced in Euro's, Pounds and Australian dollars as interest rates in Europe, Australia and the UK have hit record lows over the past few years.
You are going to love this educational video!!!
Gold: How deep is your... ?I know your eyes in the morning sun
I feel you touch me in the pouring rain
And the moment that you wander far from me
I want to feel you in my arms again
And you come to me on a summer breeze
Keep me warm in your love, then you softly leave
And it's me you need to show
How deep is your love, how deep is your love
How deep is your love?
I really mean to learn
'Cause we're living in a world of fools
Breaking us down when they all should let us be
We belong to you and me
I believe in you
You know the door to my very soul
You're the light in my deepest, darkest hour
You're my savior when I fall
And you may not think I care for you
When you know down inside that I really do
And it's me you need to show
How deep is your love, how deep is your love
How deep is your...
#Gold/EUR #XAUEUR - short / intermediate term analysisGold has broken out of its resistance trend line (yellow doted line) which will soon be tested as new support.
On H4 TF there is bearish momentum on StochRSI and wave trend oscillator which will bring the price down again to the yellow doted line.
Bullish momentum on 1D TF has built up (see StochRSI, and bullish crosses on wave trend oscillator and MACD) which should be strong enough to bring Gold to new highs soon in the short-term (yellow arrow). Note that we are near the distribution zone which is between €1300 - 1387!
Day traders can wait for bullish momentum on H1 & H4 TF and set their entry near the yellow line for a long.
Swing traders which should have already bought gold can set their TP1 slightly below the distribution zone (~ €1295), and TP2 inside the distribution zone.
In a few week short opportunities will arise on higher time frames (1D, 1W chart).
Sentiment is also already approaching risky levels for gold investors.
However, looong-term I´m very bullish due to the 50/100 MA golden cross on the 1M chart which will come in Sep 2019!
I´m not a financial advisor. For educational purpose only!
XAU/EUR - long-term analysisGold is in a strong uptrend since the bullish Gartley, WaveTrend oscillator, MFI, RSI and stochastics oscillator indicated a perfect long-entry at around €1000.- on Oct 2018.
Price actions shows that Gold is currently in an impulse wave 5 which will end soon and turn into a ABC correction which should find support in the between €1111 and 1070.- in 2020 (Fib 0-618 - 0.786).
Price should find long-term support on bullish order blocks which were formed over the past few years between €1100 - 1070 which is a perfect accumulation zone for long-term Gold investors.
A short-term long opportunity for swing and day traders could be between 30 MA and Fib 0.5 between €1180 - 1143.
Volume profile also indicates HVN @ €1170 - 1155.
Short and intermediate term I´m bearish on Gold, however long-term I´m bullish due to the golden cross 50/100 MA!
Gold/EUR forming head-and-shoulders on hourly chartAny out there who wants to short gold, consider XAU/EUR. It seems to be creating a head and shoulders pattern on the hourly chart.
EUR/USD's daily chart is flashing bullish conditions. Meanwhile, markets have already priced in three Fed rate cuts for 2019. So upside in Gold ($) looks limited. Hence, GOLD/EUR looks overdue for a price pullback.
A break below the neckline support of 1181 would open the doors to 1170-1165.
Gold - A Useless Rock, Barbarous Relic, No Yielding AssetHowever since 2009 and before you can see that in all major currencies gold has acted as a protection hedge against inflation and depreciation of these currencies. Definetely not a short term trade but one for the long haul and from the charts it is clear, the blow off top has not occurred yet.
GOLD/EUR 1W: Undervalued! Min target 1.150 EUR until End 2017.The strength of the EUR has pushed the gold price down. Apart from this fact, GOLD is undervalued in EUR. Strong resistance at 1.150 EUR.
If the war scenarios continue, a further additional up could be expected. It is also possible that the USD will stabilize against the euro until end of the year. This also makes a stronger up possible.
Let's see what happens. Happy trading. :-)