Gold is about to end wave 3 and begin a 4th wave correctionI've been publishing the beautiful elliott wave structure of gold. It has nicely followed all the expectations. Wave 4 correction will begin shortly.
IAU
$IAU & IAUX Showing us a NICE reverse head and shoulder!with POG at all time HIGHS! it's only natural that Junior Miners will follow. Here's my 10x! Good Luck and trade wisely =)!
Gold on it's way to 3500As posted on last December, gold is building wave 5 with a text-book elliottwave structure. Now in wave 3 of 3. A move back to ext 0,618-0,764 is expected to complete wave 4 of 3. Then it will continue up to follow the shown trajectory.
The Golden Leap! Have you caught a bid already!? The Leap has started! Yeah!
We have got 30 days to win $10 000, risk free.
This is a special paper trading competition and the top 5 people with the highest profits after a month will win cash prizes of $10,000, $5,000, $3,000, $2,000 and $1,000.
Plus, anyone with their account in profit gets a month of TradingView. Epic.
61 858 Traders are registered for this competition!
Well.. sounds good, and yes, I have started already! Well done!
This is my 1st The Leap entry, The Epic 30 oz. Bullish Call on Gold OANDA:XAUUSD .
Why isn't? 😄
Gold is on its positive path, since October 2023, firmly above its 26- and 52-weeks SMA.
Technical graph indicates robust wedge' breakthrough is right there!
Happy trading to everyone! See y'all a few days later!
Full T&C can be found here .
Gold about to skyrocketGold ended wave 4 and now has a powerful 1-2, i-ii elliott wave pattern . Target 3500
🥇 Gold Futures: The Recovery After Melt In Bear HugThis publication was partially created by ChatGPT AI, under request to Offer Twenty Practical Tips On Why People Should Buy Gold.
Good or bad, y'all be the judge. But here's what ChatGPT said...
1. Gold is a stable asset that is not subject to inflation and market changes.
2. Gold can serve as a good way to protect against economic crises and political turmoil.
3. Gold is highly liquid, which means it can be easily sold at any time.
4. Gold can be used to diversify a portfolio and reduce investment risks.
5. Gold is a universal asset that is recognized and valued throughout the world.
6. Gold can be used as collateral for a loan or loan.
7. Gold can be used as a gift or legacy.
8. Gold can be a store of value that will retain its value over time.
9. Gold can be used to create jewelry, which can also serve as an investment asset.
10. Gold can be used as an indicator of economic stability and inflation.
11. Gold can be used as a means of payment or exchange.
12. Gold can be used as an investment strategy on a long-term basis.
13. Gold can be used to craft collectibles that can increase in value significantly over time.
14. Gold can be used to create electronic payment systems that are based on the blockchain.
15. Gold can be used to create new types of investment products such as ETFs and futures.
16. Gold can be used to protect against currency fluctuations and devaluation of the national currency.
17. Gold can be used to hedge against inflation risks and government monetary policy.
18. Gold can be used to protect against the risks of geopolitical instability and war.
19. Gold can be used to protect against the risks of financial crises and bank failures.
20. Gold can be used to create an investment portfolio that provides stable income and risk protection.
Gold Futures technical picture indicates on recovery after melt in bear hug, as a result of Gold prices break its 52-Week High.
$IAU - Short GoldThis is a really simple trade. Here is a weekly candle chart showing nothing but weakness. Gold failed to breakout on any time frame. Now, it is threatening two plus year support.
If the support breaks, and only if it breaks, take the short side of the ledger. Ticker: $IAU iShares Gold Trust.
Gold could present an entry for longs at 38.2% FibonacciI am using the IAU ETF as my trading instrument to represent the Gold spot market. Looking at the Fibonacci retracement starting from the 2016 low of $20.44 and extending to the August 2020 high of $39.14, we see that the top two retracement levels are in play. The 38.2% level tends to be the most common for handy support and resistance levels. We saw price action move freely at both sides of 23.6%, although recently it has acted as resistance.
Soon we could have an opportunity to go long near the 38.2% level, around $31.75. There is some way to go, but gold is falling today in what is so far a very bearish day for equities. Gold can be a good hedge if equities turn sour, especially with a backdrop of rising inflation. Whether inflation is transitory or reason for greater concern remains to be seen. With the FOMC meeting this week, risk is high. Eyes should remain on gold this week.
Lack of strength in the bull side.I think gold is not getting enough volume to go higher despite of the pull back into the channel.
IAU who expected this move?!We didn't expect this type of move on IAU (we expected a return to 21 really) but welcome now we can almost retire.
Still searching for news if anyone has any on IAU it would be welcome.
GOLD: Keepin' it RealWhat would you do?
There seems to be heavy resistance at 18.50 and no real exciting support until 16.50.
The previous stimulus checks don't seem to have really moved the price of gold. Where's the inflation?
Normalized by DXY:
Gold to $2000 or fall back to $1873 rangeHere is my chart and I am see on the 4h what look like the end of a correction and getting ready for either a rally to $2000 or sink back to support at $1873.
Gold - 50% RetracementBased on the strength of the US Dollar ($DXY) and the movement of gold, it looks like it could be retracing back to the $1765 area. $DXY $GLD $XAUUSD $XAGUSD $SLV
Gold: Head & Shoulders$XAUUSD (4 hour chart): head and shoulders pattern. I believe gold will drop to the trend line in the near future, which should provide a great buying opportunity. My target box is noted in pink.
I'm not a professional or analyst. Just seeing what I see, and sharing it with you.
$GLD $IAU $SLV $XAUUSD
Gold rush retracement.Gold has just reached the Fibo 23.6% retracement area.
Oscilators indicate no divergence for now.
Price may continue to go up until $2.100, where it shall find some resistance.
Long Put IAU May 15 '20 $14 Put @ $0.15Volatile market. GLD too expensive, high premium. IAU excellent alternative.
Shorting Gold for IAU $140 Strike at $0.15. GLD/Futures approximately high 140's.
$GC_F: Deeply oversold on short-term charts, still bullishGold got hammered today as U.S. Treasury yields staged a decent uptick, but the long-term picture remains quite bullish as long as this consolidation channel holds.
Point of Control Supports Gold Futures$GC_F: the Point of Control since 3/23 (which was the bottom for $ES_F) has been a key pivot for five weeks. As long as it holds, the bulls are in charge. Swing lows as $1,680 provide secondary support. Fundamentals remain massively bullish.
$jnug $nugt $dust $gdxj Gold miners threaten Breakout$jnug $nugt $dust $gdxj Gold miners threaten Breakout
