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Goldfutures

Barrick Gold longHere is an easy ta for GOLD long: Barrick Gold is consoladtion mode after strong rally. Now, bulls are trying to break through 28 $ ATH resistance. On the right side you can see GOLD Future, that breaked through 18 $ resistance with high volume. Both compared could be play on Gold long.: S3 is showing bullish rally, S2 and S1 are forming trendlines for secondary up-trend. Furthermore, you can see two important support zones: 23 $ and 26 $ which support secondary up-trend. Indicators: BB: Trend is moving above upper band which is normal trying to break resistance, bullish signal (Or overbought) 50 SMA: Trend is moving abvoe, bullish signal 20 SMA: Trend is moving above, bullish signal 200 SMA: Trend is wide moving above, bullish signal RSI: Crossing under 80, bullish signal MACD: Crossing, tendency up, bullish signal 1. Wait for breaking resistance and buy in around 29 $, SL set on support zones 2.Option play: Bull put, Strikes around support zones. short time Good luck for your trading :)
NYSE:GOLDLong
by Hornetcharts
GOLD's NEXT POSSIBLE MOVESGold jumps $15 to renew 9 years high above $1865. As we can see GOLD's Higher high is on 1,865 on the H1,H4 time frame in the Zone (consolidation area) .At the moment gold is on 1859 and there are low chances of rebound towards sell area below 1840. Gold is expected to breach the zone between 1840-1865. $1920 is not far. It will remain in consolidation this week probably in the current zone of 1840-1865. 1865 is a strong resistance now followed by 2011 moves. In case if its break the support level of 1840 than there will be more chances that gold will touch the support level of 1820 and adopt the zone between 1820-1795. If Gold leaves this zone of 1795-1820 towards downside, its next target will be 1785-1765 but there is nothing that can stop GOLD's bullish momentum so far. The Fundamental side for current session is Neutral but the Lows on DX are extremely Bullish for Gold , which on any other period (without Covid-19) should have been Bearish for Gold .As covid-19 cases are still increasing. I can't confirm sell on gold but the DX is still not recovering and the Stock markets on Highs,and the news came out about the Corona Vaccine that USA has made and that will be fully ready to use in the next coming 2 months and thats the key factor of gold's bearish movement. The Red oval area indicates the restricted area and trading should be avoided here. Comment below if you need any Help.
TVC:GOLDLong
by TradingSwirls
GOLD's NEXT POSSIBLE MOVEAs we can see GOLD's Higher high is on 1,815 on the H1,H4 time frame in the Zone (consolidation area) .At the moment gold is on 1812 and there are low chances of rebound towards sell area. Gold is expected to breach the zone between 1795-1815 today after two weeks. In case if its break the support level of 1795 than there will be more chances that gold will touch the support level of 1770 and adopt the zone between 1745-1780. If Gold leaves this zone of 1795-1815 towards upside, its next target will be 1820-1840. The Fundamental side for current session is Neutral but the Lows on DX are extremely Bullish for Gold , which on any other period (without Covid-19) should have been Bearish for Gold.As covid-19 cases are still increasing. I can't confirm sell on gold but the DX is still not recovering and the Stock markets on Highs,and the news came out about the Corona Vaccine that USA has made and that will be fully ready to use in the next coming 2 months and thats the key factor of gold's bearish movement. The Red oval area indicates the restricted area and trading should be avoided here. Comment below if you need any Help.
TVC:GOLDLong
by TradingSwirls
Gold Future in a stable pathHello traders, Let’s have a look at Gold Future for 15min. It seems that after the recorded price GC has achieved, now he is evolving inside a trading range. So as usual, we wait that huge volume and that break of the trading range to predict the new trend. If the break is above that trading range, we can expect an increasing trend. Otherwise, if it’s below the trading range, we expect a decreasing trend. For intraday trading, we have that special candle with a high volume that assures an increasing path of GC, especially with that rebound on the trading range’s support, so we can buy right now. Thank you for reading this analysis. Hoping it helps you in your Gold Future trading.
COMEX:GC1!Short
by oualidskh
2
XAUUSD: Weekly shows top pattern soon.Gold is very bullish on all long-term charts with 1W in particular (RSI = 67.652, MACD = 57.930, ADX = 50.157) being on a very healthy and balanced uptrend since the June 2019 bullish break-out from the 6 year consolidation phase. The RSI however is on a bearish divergence and the MACD flat-lined, indicating that soon the trend may lose strength (not change but slow down). The RSI in particular is on a Channel Down with its Lower Highs being Gold's Higher Highs and top formations where strategic pull-backs take place. The 1st High (August 2019) pulled back to the 0.236 Fibonacci retracement level, the 2nd High (February 2020) pulled back to the 0.382 Fibonacci. We are close to the 3rd one, which (depending on the High) can also pull back either at 0.236 of the 0.382 Fib. Our advice to Gold traders on the medium-term is to take profits and once this RSI top is formed, wait for the pull-back to back on a bargain price again. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XAUUSDShort
by InvestingScope
1
Gold and Money Supply. Why Gold is a good long-term investment.Here we see the correlation of Gold (XAUUSD) and M1 (money supply composed of physical currency and coin, demand deposits etc). During the last two financial crises (DOTCOM and SUBPRIMES), the central bank raised the rates to support the stock market collapse and save the economy from recession. As you see when rates were raised and money supply spiked, Gold started rising as well as a counter to inflation. Similarly, Gold has spiked since March 2020 when the Fed announced the trillion dollar rescue package to counter the shattered demand from the COVID lockdown. In our opinion that makes Gold a necessity to any investor's portfolio on the long-term. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
FRED:WM1NSLong
by InvestingScope
1
XAUUSD: In need of a medium-term correction.Gold (XAUUSD) has been trading within a Channel Up since early April. The 1D chart remains bullish (RSI = 60.683, MACD = 14.370, ADX = 34.990) but the upper MA periods have started to turn bearish (MA5). The technical reason is that it hit the Higher High trend-line of the Channel Up. We expect to make a first Low near the previous Support at 1,750, rebound to the 0.618 Fibonacci retracement level and then resume the decline towards the inner Higher Low trend-line. Our Target Zone is 1,725 - 1,715. Notice that the same pattern has been formed on every Higher High formation. The price drops by roughly -2.40% then bounces back above the 0.618 Fibonacci and then dips more to the Inner Higher Low trend-line. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XAUUSDShort
by InvestingScope
1