Goldlongsetup
Gold long term ideaGold is ready to make his best performance, having a mild jump and dropping hard breaking the 50 EMAs on the weekly. There will be a major support by 1320 that will impulse it to the top again. The pressure of corona virus and crisis will bring it down to the right shoulder so it will just arise from there. Getting ready to achieve the highest levels.
Gold Buy tradeAs you can see a pullback has happened to the broken channel and price bounced off of the upper bound of the channel. Now the price is going to go up towards $1700.
Disclaimer: Do your own analysis. This is solely my own opinion and not an investing recommendation.
Gold Indication of Market Retrace :: 10YR Yield and S&P 500This post was encouraged because of the Economic Forum being held in Davos, Switzerland.
The last 3 years (roughly since mid 2017) contained talk around trade war. This has caused chaos within the markets. We have moved up and down 1000's of points with no specific direction.
It seems that September 2019 has shown the true colors of the market sediment. We can identify the percent returns of the 10YR yield, gold and S&P 500 from this date. Things have not been adding up and has been blurred by the DOW hitting new highs every other week, misleading investors.
Nobody is saying to liquidate but a rotation of wealth is underplay. I do believe that this is a rotation of wealth that is not our normal move into commodities/metals but potentially something larger.
Impeachment trial proceeds today during the start of the Economic Forum. Is this to sway attention towards Davos? We will never specifically know until everything pans out.
The chart speaks for itself with presenting the data.
I would like to hear anyone's thoughts, ideas and/or theories.
GOLD LONG SETUP INCOMING / 2019 ENDRALLYGoing to 1700 / It is a easy long setup with really small risk! I Hope the dream is coming! :)
GOLD @ MINOR TRENDLINE LONG OPPORTUNITYHey traders,
Gold has formed a lot of bullish actions over the past couple hours. We have gotten pushes to the downside which have failed resulting in pinbars.
If we can get some bullish momentum going my bias is definitely long.
We have the trend line I have drawn which acts as support as well!
Simple price action and analysis.
GOLD DAILY ANALYSISHey traders,
Markets are now closed but this is the best time to review and analyze what happened over the past week.
Price for Gold touched the green trend line I drew which may be part of a bullish flag pattern for gold.
Price immediately bounced up, with 3 bullish candles before experiencing a minor retrace on Friday.
The close on Friday was weak and indicated bears were not in control the full time.
On the MACD we see bearish momentum fading, and a possible bullish cross about to occur maybe sometime next week.
My bias for next week is up, and for the bulls to remain in control.
Simple price action and analysis.
GOLD H1 ANALYSIS LONG OPPORTUNITY - PRICE @ TRENDLINEHey traders,
Gold has reached an inflection point, as seen by the blue trend line drawn.
Gold previously was stuck in the green consolidation triangle before breaking hard to the down side.
I am waiting for a confirmation signal in the form of a bullish candlestick, or strong bullish close to go long.
Price is still in the ascending triangle structure.
Daily trade analysis and ideas:
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GOLD Long to $1555Hello Traders,
A breakout to the upside was seen in XAUUSD, and thus a trade was taken with as stop loss of $27 at around $1478 just around the previous consolidation low and a take profit of $50 at around $1550 just around the previous swing high. The price had been consolidating $1495 and $1481 and therefore, this breakout can be identified as a start of an upward momentum with the bulls taking over.
Have a lovely day!
Riverfront Capital
