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Goldfutures

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
GOLD XAUUSD buy opportuntiesGOLD XAUUSD and Gold futures have been rallying for weeks and months providing buy opportunities. The attached GOLD chart below represents the weekly timeframe, that is, a longer term analysis with each candlestick representing a week worth of time. There is a very strong weekly imbalance located at #1 much lower around 1.478 but it seems that price is not retracing to that strong imbalance and will be rallying further given the type price action we can see on Gold weekly timeframe. We are expecting W highs at #2 around 1.612 to be eliminated, we can see a strong impulse being created around 1.583. There is a clear bullish bias on the weekly timeframe, the odds are with longs and not shorts. You can use this longer term analysis of Gold to buy in smaller timeframes using other strategies, you can use indicators and oscillators if you want, we don’t need them to place a trade using supply and demand imbalances.
OANDA:XAUUSD
by AlfonsoMoreno
Gold Futures faces a significant challenge at 1578.00Gold futures have recovered some of its losses from its recent pullback after breaking the downtrend at 1562.00 and now faces another challenge at 1578.00 which is an active price point in the past, and I am expecting the same challenge this time around. My long signal is still intact but will be watching closely for any signs of a pullback. Gold futures could continue to its next target at 1584.00 and 1593.00 if it remains above 1578.00. Support is at around 1573.00, 1568.00, and 1562.00
COMEX:GC1!
by Rotuma
XAUUSD: $1,800 may be only a few months away.We have discovered an interesting pattern that may explain a lot regarding Gold's current price action. Gold's current rise may be the final bullish leg towards testing the 1,800 All Time High based on the early 2000s rise. As you see on the chart today's fractal (2014 - 2020) is quite similar to the one of 1997 - 2003. The chart in use is the 1W. At the moment the price has made a strong rebound just above the 0.500 Fibonacci retracement level (green line) same to what it did in roughly around July 2003. Both fractals have identical: * Bear phases (1150 days today as opposed to 1250 in early 2000s) * Recovery phases up to where we are today (1455 against 1470) In early 2000s the price made a full 100% Fibonacci retrace 189 days after the last bounce near the 0.5 Fibonacci level. If roughly the same time principle is applied then we may see Gold make the full Fibonacci retracement and test $1,800 by late May of this year (2020). This comparison on long term values doesn't change our short term view, which is the following Channel Up: ** 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:XAUUSDLong
by InvestingScope
GOLD Weekly Outlook: The mix of coronavirus and the Fed.This is a break down analysis of Gold (XAUUSD) ahead of Wednesday's (January 29th) Fed Interest Rate Decision. Fundamental Analysis: - Starting this part of the research we need to make clear that the current price is heavily pushed upwards due to the global worries on the Coronavirus outbreak. Gold has the use of a Safe Haven and when geopolitical tensions rise, investors move capital from riskier assets like stocks (which fall as it has been happening since Friday) to the safety of Gold (which rises). This inflated by fundamental reasons price action is similar to the sessions during the Iran conflict. You can even see that on the support level. If the Coronavirus phase has one more high to give before the tension is de-escalated, nobody knows but technically the resistance is at 1611. - The Fed interest rate decision is the highlight of the week, an event that no only affects Gold but all markets alike (forex, stocks, bonds etc). The forecast for the Fed Interest Rate Decision is steady at +1.75%. If the actual reading matches this forecast there is a 66.7% chance of a bullish trend in the next 2 days based on the last 12 Fed events. Technical Analysis: - The trend on the 1D chart is bullish with all major indicators well in the green zone, RSI at 68.913, STOCH at 53.08, ADX at 46.006, MACD at 17.460. This trend is forming an Ascending Triangle with 1555 as the Support and 1611 as the Resistance. - The MA50 is supporting this uptrend since January 21. - The higher low trend line of the Ascending Triangle is the ideal buy zone and we display that in green. - The RSI pattern hints that we are closer to the top than the bottom of this move. All the above indicate that Gold, even though the virus worries can lift it towards the Resistance, there are slightly more chances to pull back to the 1D MA50 and the buy zone and as the recent Fed event statistics show, start rising after on a 2 day bullish trend. If you like this idea give us a like, follow and share your thoughts in the comments section below. Remember to stay tuned for future technical analysis , news, updates, and more from PrimeXBT!
FX_IDC:XAUUSD
by UnknownUnicorn3931771
Gold analysis and some considerationsWe are experiencing a period in which, making analyses is not easy given that in the next months, episodes and waves of sentiment will dominate the markets. However, yesterday giving an eye to the COT report, I just could not restrain myself from making some considerations, in particular on one of the most traded commodities, the gold. From August until the end of 2019, gold moved within a range with support at $ 1,462 and resistance at $ 1,553. Whenever the price broke one of these two levels, the movement turned out to be a false breakout. With the new year, following the killing of Iranian General Soleimani in Baghdad by means of a US drone, and the consequent Iranian missile reprisal against US bases, we have seen a rise in the price of gold. That is common when there are winds of war. Once the danger of a USA-Iran war has returned, at least for the moment, the price of gold, in turn, has returned to the previous range. That was until Friday when it closed just above resistance. However, as mentioned, in the short-term the markets are driven by news, twits, sentiment, and other similar amenities. So I do not rule out that in the next few days, the price of gold may rise, but I remain convinced that it will return to test at least the $ 1,550 area. This is because, apart from a war, I see no reason for a further rise in the price of gold. Certainly not as a safe-haven asset, as the US stock market will continue to rise, unless there is news particularly bad, for several months to come. And it could not be otherwise. Do you know why the S&P500 has been going up steadily since August if not for a couple of sessions of profit-taking? For strong growth in companies profits? Lol, of course not. The fact is that the American stock market is increasingly doped, manipulated. Who among you knows about the Government Pension Investment Fund? It is the largest pension fund in the world with nearly 1,500 billion dollars managed. Last October Hiromichi Mizuno, the CIO (Chief Investment Officer) of the fund made a decision summarised in the title of a Financial Times article on December 3: "World's biggest pension fund strikes blow against short-sellers - Japanese giant GPIF halts stock lending from its equity portfolio." In practice, what does it mean? For 4-5 months, Wall Street has only risen because the bearish counterpart was missing. And this will continue in the next months, unbalancing the markets more and more. To give you an idea, go look at the Tesla chart, by far the best selling short stock on Wall Street. Going back to gold, let's see, how mentioned at the beginning of the analysis, the COT. In the last COT report released on Friday 17, the contracts (of 100 troy ounces) of the Non-Commercial (that is, Large Traders) are 376,809 (LONG) and 57,574 (SHORT), for a Net Position of 319,235 (about 3,000 contracts less than the previous week). In the last six years, only in 2016, the Net Position has reached a similar level. And without good reason, how many Large Traders will still buy gold?
COMEX:GC1!Short
by TradingwDavid
1
GOLD Look Ahead for week starting 1/19/20Gold is in a long-term Bull Market with price trading above the 50 week ema, which is above the 200 and 800 week emas. The long term emas are currently still trending up, despite price action correcting over the last couple of weeks. Last week was a spinning top, which corresponds with the sideways correction we experienced, and invalidates the shooting star from the week before as The Top. Price would have to drop all the way down to close below 1508 in order to be considered to be correcting on the weekly charts. The Commodity is in a long-term Bull Market with price trading above the 50 day ema, which is above the 200 and 800 day emas. The 50 day ema is currently up trending, with Gold trading up in a strong b-wave flat that traded over the previous highs of 1557.10 before trending down again. In an Elliott Wave flat correction the c-wave trades down below the a-wave low, which is at 1445.50, so expect the down-trend to head back down there before completing. The Commodity is in a Bull Market on the 4 hour, with price above the 50 ema, which is above the 200 ema, which is above the 800 ema. The long term emas have flattened out here as price has corrected down from the new high, and the shorter term emas are all converging, warning of an accumulation / distribution zone. Price this last week has mostly stayed above the 9/13/30/50 emas, but a break down below the 50 ema would lead to a test of the 200 ema at 1520. On a trading time frame, the Elliott Wave pattern was a b-wave tracing out across the range of the prior a-wave’s 5th wave, and needs to finish out a c-wave up before completing. It looks like gold needs to roll over and go down to test the lows before having a chance at making another run at the recent highs. This is my GOLD look ahead for my own trading purposes. COMMODITIES trading involves risk. Feel free to comment, but trade off of this post at your own peril.
TVC:GOLDLong
by Cincinnatuus
Why are there "golden" times for gold now?Gold at the start of 2020 provides a lot of opportunities for earning. Jerks at $30-40 per day, which are also accompanied by almost equivalent corrective movements - this is the dream of any market speculator. So now the gold trade provides a real opportunity to "get rich." We already wrote that buying gold in 2020 can become one of the best and most promising trading ideas. In today's review, we would like to continue the thought and add a few additional arguments. The times in which we live here and now are quite interesting and unique. Negative interest rates of the Central Banks turn the situation in the economy upside down: you give money in debt, but they return to you a lower total. The yield curve on German government bonds is negative, on deposits in Switzerland - negative, and there are already dozens and hundreds of such examples. For gold, this opens a new era in existence. After all, what is the main “Achilles heel” of gold as an asset? - the inability to bring guaranteed income, as they do, for example, stocks (in the form of dividends) or bonds (in the form of coupon income). So now, 0% of guaranteed profitability is no longer a disadvantage, but an advantage. At least an advantage over instruments with negative returns. Moreover, the situation continues to develop in the direction of the growth of gold quotes. This week, real yields on US government debt (10-year treasury bonds) went into the negative zone. By the real rate of return, we mean the actual rate of return adjusted for inflation. What do we have in total? We have a period of maximum favor for gold when its strengths against the background of geopolitical instability and the threat of a global recession are stronger than ever, and the weaknesses are practically nullified by the prevailing reality. Finally, we note that one of the main generators of demand for physical gold in the world is China. Moreover, this demand is seasonal with a peak falling on the Chinese New Year, which, as you know, comes on the lunar calendar. In 2020, Chinese New Year will come on January 25th. That is, in the near future, gold is waiting for increased physical demand. Thus, taking into account all the above and earlier, buying gold in 2020 is an excellent trading idea, the potential of which amounts to tens of percent. Recall that we consider the target of the current upward movement mark $1800.
FOREXCOM:XAUUSDLong
by Trade24Fx
Gold get through target! next stop $1550? Pullback first...Gold has taken a shine to the holidays, while equities were strong, gold was not shy on the upside in the slightest. We were targetting the next resistance level at $1543 then $1550 ultimately. However on the rise up we saw that the volume through resistance levels was pretty weak so that cements our pullback idea a little more. The drop could bring price down to two main levels, based on the current $1530 stall area and $1543 resistance. The first pullback area is $1510-1512 based on fibs and also the market structure impulse support. This is the more likely scenario of the two. The next pullback level is at $1500-$1505 this is a little less likely, based on the cluster of fib levels. Ultimately we expect the upside to continue throughout the beginning of the year. We are looking for a short term short idea, while a medium-term move higher on the commodity. This idea is for educational purposes, it does not constitute as investment or trading advice. TRADEPRO Academy is not responsible for any market activity.
COMEX:GC1!Short
by TRADEPROAcademy
2