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XAUUSD GOLD SPOT: The Future of Gold???WELCOME TO MY PAGE AND FEEL FREE TO LIKE AND SUPPORT BY FOLLOWING, I hope everyone has a great day in the market today = ) Chart above shows XAUUSD in H1 Time Frame. Continuing from our previous idea, XAUUSD Gold has indeed followed our plan as stated, a BREAKDOWN from the top of the channel line (GREEN) towards the bottom. Now, we look for how GOLD reacts at the support levels @ 1690 region: - A REBOUND definitely means a LONG opportunity to the top of channel line @ 1717-1720 area - A BREAKDOWN from support level @ 1690 would likely mean a major trend reversal for gold (Bullish to bearish) Following a breakdown would likely mean a retouch of the bottom of channel line, rejection then SELL pressure to our next major support @ 1671 Fundamental Analysis: As always, it is good to supplement technical analysis with confirmation from news signals, thus allowing a higher rate of profitability and wins. - A possible strengthening Dollar this week beginning - Gold prices had been supported last week by market signals suggesting that U.S. official interest rates could turn negative next year as the Fed is forced to resort to ever-more dramatic measures to support the economy. Two senior Fed officials – Atlanta Fed President Raphael Bostic and Chicago counterpart Charles Evans – may both touch on the subject when they speak later Monday. - Flow of hot money into gold is easing off : Physical demand from Indian retails suffer due to higher prices and a weakening rupiah - World Gold Council data suggest imports fell 50% from a year ago in the first quarter, while Chinese imports fell by 62%. Notably, many ETFs who have held gold since May may begin a slow sell off with their inventories to secure profits as they respond to news and the reopenings of economies. OVERALL TREND, Im Bearish on Gold due to the above reasons. Of course things can change and to watch out for: 1) Implementation of Negative rates by Fed --> implies a backwardation of fiat monetary system and a shift onto gold instead (You can read about how it works here--> www.goldmoney.com) 2) News of second wave of Pandemic As always, good luck with all your trades and FEEL FREE TO LIKE AND SUSCRIBE IF YOU LIKE WHAT YOU SEE Regards, GOL D ROGER
OANDA:XAUUSDLong
by Gold_D_Roger
Gold Futures- Position idea.SwingHello , everyone, Remember to choose a trade size that fits your budget and doesn’t over-leverage your account. Markets can be unpredictable so ensuring you protect against excessive losses is important to your long-term success. If you would like to take advantage of this idea make sure to let us know about your progress in a comment. ATTENTION : The content presented in this publication IS NOT financial or Investissement advice, you are totally responsible for how you manage your capital. FOLLOW US LIKE COMMENT Kind regards.
COMEX:GC1!Long
by UnknownUnicorn3730727
XAUUSD: Sell opportunity on Inverse Head and ShouldersGold is trading on an Inverse Head and Shoulders pattern with the Right Shoulder repeating the Left Shoulder sequence. On the 4H chart it is clearer (RSI = 63.637, MACD = 12.780, ADX = 53.651) as the MACD is repeating the crosses on the exact same spots. On the MA50 (blue line), which last week supported the current uptrend, breaks then we are expecting a drop first to the 0.5 Fibonacci = 1,577.50 and the 0.786 = 1,505.00 in extension. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XAUUSDShort
by InvestingScope
5
Gold Futures | Broadening WedgePlease support this idea with LIKE if you find it useful. Price formed a Right-Angled Broadening Wedge (descending) - bullish pattern. The market closed near the Ichi Cloud support zone. In case we have a confirmed retracement of the Ichi Cloud we can initiate a Long position. If there is a confirmed breakout of the pattern we can also initiate a long position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
COMEX:GC1!Long
by Anpu
Hand Sanitizer + Facemasks + Precious MetalsA bit concerned. I dismissed claims that silver would not be available when the time came but tonight, I've just noticed apmex.com (a top online retailer for precious metals) has now listed many of the top selling 1 OZ SILVER BARS as PRE-SALE ONLY. AKA SOLD-OUT. Then I checked the smaller sub ounce gold coins. Same story. Wonder what happens next? FOREXCOM:XAGUSD TVC:SILVER TVC:GOLD OANDA:XAUUSD OANDA:XAUEUR FX_IDC:XAUCNY OANDA:XAUJPY AMEX:JNUG AMEX:JDST AMEX:GLD AMEX:GDXJ AMEX:GDX AMEX:BTG NYSE:GOLD AMEX:NGD FX_IDC:XAGUSD AMEX:SLV
TVC:GOLDLong
by HandofGold
Gold Inside Candles#gc1! #gold – After last week’s market selloff which dropped gold price with it, gold created an inside candle on Monday which could be an indication of a reversal back to the upside ahead. An inside candle is formed when price trades within the high and low range of the previous candle, making the candle an inside candle. The inside candle is therefore a two candlestick price pattern. An inside candle is also similar to a bullish or a bearish harami candlestick pattern. The main difference being that with an inside candle, the highs and lows are considered while the real body is ignored. An inside candle is generally considered to be a reversal pattern formed when the second candle or candlestick is engulfed within the previous candlestick’s high and low. In this gold chart, Friday’s selloff is the first candle in the inside candle pattern shown with two red lines extending from its high and low. Mondays candle is completely inside Fridays high and low and is a long-legged doji candle, where price has a small body and two long wicks extending above and below it. These long wick represent traders attempting to push price higher and lower on Monday, but ultimately closing price near the open which creates a small body. Doji candles represent trader indecision and indicate that they were mostly undecided as to which direction to move price during the course of the day. The most recent candle, Tuesdays, is also creating another inside day for now as it is trading inside of Mondays total price range indicated by yellow lines. What we want to see going forward in the immediate short-term is for a price move above Mondays high in price, or above the upper yellow line of Mondays doji candle. From there, a move above Fridays high in price(upper red line) would be further indication that gold traders are still bullish and ready to take price higher. The overall view on gold remains bullish.
COMEX:GC1!Long
by PrepForProfit
SHORT LIKE CRAZY! THE FLU IS 100X WORSE THAN CHINA VIRUS - LOOKSHORT GOLD LIKE CRAZY! THE GLOBAL CENTRAL BANKS ARE ARTIFICIALLY PUSHING UP THE PRICE OF GOLD AND USING THE DIRTY CHINA VIRUS AS THE REASON BARRICK ALONE HAS OVER 71 MILLION OUNCES OF GOLD IN RESERVES AND THIS IS NOT COUNTING ANY OTHER COMPANY OR COUNTRY THIS IS ONLY ONE COMPANY, ADD UP ALL THE RESERVES OTHER COMPANIES ARE HOLDING AND THEN TOP THAT OFF WITH THE RESERVES AROUND THE WORLD THAT COUNTRIES ARE HOLDING BARRICK ALONE HAS ENOUGH GOLD FOR ALMOST 1/3 OF THE USA POPULATION GOLD IS NOT IN RALLY MODE & THERE IS ABSOLUTELY NOT A SHORTAGE OF GOLD - GOLD IS IN FAKE NEWS HYPE MODE GOLD WAS TRADING AROUND 1470 SEVERAL WEEKS AGO - AND THEN CHINA CREATED THE FAKE CHINA VIRUS TO THROW OFF THE USA ECONOMY GOLD IS ONLY UP AT BEST, $200... YOU THINK THIS IS A BIG RALLY..??? NO.!!! DO NOT GET CAUGHT IN GOLD STOCKS BECAUSE WHEN THEY DROP, THEY ARE GOING DOWN HARD BARRICK HAD A GOOD EARNINGS REPORT BUT...BUT...BUT...WITH THE SIZE OF BARRICK GOLD, AS A COMPANY, AND THE HYPED PRICE OF GOLD, EARNINGS WERE HORRIBLE AND REVENUE WAS EVEN WORSE! ROYAL GOLD (RGLD) EARNINGS AND SALES ESTIMATES MISSED WALL STREET EXPECTATIONS AND THE STOCK GOT SLAMMED GOLD STOCKS ARE A HUGE SCAM! FOLKS, AS WE'VE BEEN SAYING, THE DIRTY CHINA VIRUS IS FAKE NEWS AS THE CORRUPT & DIRTY MEDIA CONTINUE WITH A NEGATIVE AGENDA TO CRASH THE STOCK MARKETS AROUND THE WORLD BEFORE THE 2020 ELECTION THE DIRTY CHINA VIRUS HAS CAUSED AROUND 2000 DEATHS WORLDWIDE, YOU THINK THIS IS ANY CAUSE FOR ALARM..??? NO..!!! THE FLU KILLS OVER 80,000 PEOPLE A YEAR, DO YOU SEE THESE DIRTY BROKERS / WALL STREET FIRMS SELLING STOCKS BECAUSE OF THE FLU..??? NO..!!! CDC: www.statnews.com EARNINGS FROM OVER 70% OF THE REPORTED COMPANIES WERE ROBUST. THEY BEAT ESTIMATES. NOTHING IS GOING TO STOP THE EXPANSION OF THE USA ECONOMY ACCEPT FAKE NEWS AND THE PEOPLE THAT LISTEN TO IT! FACT • EARNINGS SCORECARD: FOR Q4 2019 (WITH 77% OF THE COMPANIES IN THE S&P 500 REPORTING ACTUAL RESULTS), 71% OF S&P 500 COMPANIES HAVE REPORTED A POSITIVE EPS SURPRISE AND 67% OF S&P 500 COMPANIES HAVE REPORTED A POSITIVE REVENUE SURPRISE. • EARNINGS GROWTH: FOR Q4 2019, THE BLENDED EARNINGS GROWTH RATE FOR THE S&P 500 IS 0.9%. IF 0.9% IS THE ACTUAL GROWTH RATE FOR THE QUARTER, IT WILL MARK THE FIRST TIME THE INDEX HAS REPORTED YEAR-OVER-YEAR GROWTH IN EARNINGS SINCE Q4 2018 (13.3%). • EARNINGS REVISIONS: ON DECEMBER 31, THE ESTIMATED EARNINGS DECLINE FOR Q4 2019 WAS -1.7%. NINE SECTORS HAVE HIGHER GROWTH RATES TODAY (COMPARED TO DECEMBER 31) DUE TO POSITIVE EPS SURPRISES. DO NOT SELL INTO THE FAKE NEWS TRYING TO INTENTIONALLY CAUSE WORLDWIDE PANIC THE UNITED STATES ECONOMY IS BOOMING! DISCLAIMER This website and our posts are for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this website and our posts has been researched and is thought to be reasonable and accurate, any investment is speculative in nature. StockKid, and/or our agents cannot and do not guarantee any rate of return or investment timeline based on the information presented herein. By reading and reviewing the information contained in this website and our posts, the user acknowledges and agrees that StockKid, and/or our agents do not assume and hereby disclaim any liability to any party for any loss or damage caused by the use of the information contained herein, or errors or omissions in the information contained in this website or our posts, to make any investment decision, whether such errors or omissions result from negligence, accident or any other cause. Investors are required to conduct their own investigations, analysis, due diligence, draw their own conclusions, and make their own decisions. Any areas concerning taxes or specific legal or technical questions should be referred to lawyers, accountants, consultants, brokers, or other professionals licensed, qualified or authorized to render such advice. In no event shall StockKid, and/or our agents be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this website, our posts or any information contained herein. StockKid, and/or our agents specifically disclaim any guarantees, including, but not limited to, stated or implied potential profits, rates of return, or investment timelines discussed or referred to herein.
TVC:GOLDShort
by UnknownUnicorn3159981
6