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Longgold

Gold price is trying to surpass the 2020 zone⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) continues to rise above the crucial $2,000 level during the early trading hours in Asia on Tuesday. The value of the precious metal reaches a six-month high due to the weakening US Dollar (USD) and the decrease in US Treasury bond yields. Currently, the gold price is trading near $2,015, experiencing a 0.01% decrease for the day. At the same time, the US Dollar Index (DXY) has fallen to its lowest point since late August, around 103.20. This rise in the USD-denominated gold is attributed to the decline in Treasury yields, with the 10-year yield dropping from 4.51% to 4.39%. ⭐️ Personal comments NOVA: Gold prices still show stable price increases, trying to surpass the 2020 zone to reach the highest zone this year. Today, CB Consumer Confidence was announced with forecasts to continue to support Gold prices ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1995 - $1997 SL $1990 TP1: $2003 TP2: $2010 TP3: $2020 🔥SELL GOLD zone: $2028 - $2030 SL $2035 TP1: $2020 TP2: $2015 TP3: $2010 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
5
DRD Gold just gave the golden BUY signal to R25.00DRD Gold has had a troubling year. It's dropped from May 2023 from R25.35 down to R15.00. There've been two strong tests at R15.00 which has helped form a major bullish W Pattern. We just need the price to move up to break above the Neckline. Once that happens, the next target will be back to the highs around R25.00. The short term Moving Averages confirm with 7>21. And now the price needs to jump above the main 200MA. Then it will establish a Bull Market. Gold itself is looking VERY bullish as you would know from my previous analysis with Gold. And so Gold stocks are definitely quite safe to buy rather than sell right now. Investors might feel safe to start accumulating from around these levels. I would prefer to wait for a break above the 200MA.
JSE:DRDLong
by Timonrosso
The bulls have a major advantage⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold: The next milestone to watch out for is the 2023 high, reaching approximately $2070. The price of gold continued to rise towards the end of last week, ultimately closing above the important threshold of $2000 per troy ounce. However, this increase in value was accompanied by a decrease in open interest, indicating the possibility of a correction in the near future. Meanwhile, the next significant resistance level for gold is expected to be the peak of $2067 reached in 2023 on May 4th. ⭐️ Personal comments NOVA: The beginning of the week witnessed great FOMO among bulls. Gold price is approaching the strong resistance zone in 2020. This is the period when Gold price creates a new peak this year. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2001 - $2003 SL $1997 scalping TP1: $2009 TP2: $2014 TP3: $2020 🔥BUY GOLD zone: $1990 - $1992 SL $1982 TP1: $2000 TP2: $2012 TP3: $2020 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
7
End November, during the Gold price bull cycle✍️ NOVA hello everyone, Let's comment on gold price next week from , Last week of November 🔥 World situation: At the end of the year, published US economic data showed difficulties and challenges. There are not many positive signals yet. Gold prices continue to benefit at the end of the year. In the last week of November, there are important data such as: CB Consumer Confidence, Prelim GDP q/q, Core PCE Price Index m/m, ISM Manufacturing PMI,... otherwise the forecast will continue to support The Golden household goes up 🔥 Identify: Observing the technical chart according to the H4 frame, Gold price is still in a very nice uptrend. This is an opportunity for Gold price to have the highest price point in 2023 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2010, $2022 Support : $1991, $1971 🔥 NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
UPDATE: Pan Africa's Diamond is still shining to R4.75Pan Africa initially formed a Boradening formation since July 2023. We sent out that it was going to do nothing more than bounce in it's current support and pattern and head on up... During the uptrend, it's been evident that the support level is strong and holding. This means, it's in the process of forming a Diamond Formation. The target remains at R4.75. However if it breaks above there, we are talking another big move up to R7.20. I believe technically, it's a great stock to have invested in and to just keep holding... With the gold price also looking strong and bullish, this helps with the analysis...
JSE:PANLong
by Timonrosso
VALE a junior miner can rise on the Gold bullrunNYSE:VALE as a junior miner could be reaosnably expected to follow spot gold. The bottom line is quite simple. With fixed costs to mine gold, VALE can easily expect to increase its margins when stop gold rises will above the breakeven on a spreadsheet. The 2H chart shows price has descended into the support of the long term anchored mean anchored VWAP line after a VWAP breakdown. The PMO and ZL MACD are confirmatory for a consolidation sitting on dynamic support. Overall, the analysis is that of VALE setup to make a reversal for a bullish move reflecting the gold run at large. I will take this trade long now.
NYSE:VALELong
by AwesomeAvani
2
HYMC- Gold is Glittering Penny Junior Miner LONGGold is on a bullrun and what better equity to look to capture profits than gold junior miner penny stocks. The risk is high and the potential profit is well - perhaps on the way to the moon. Shown here is HYMC on 2 hr chart. The momentum is obvious with the climb of the green HA candles. The MTF RSI shows the low TF RSI shot up over 80 while the higher TF RSI is rising at a more gradual slope. No signs of bearish divergence are seen. The MACD shows the lines well above the positive histogram in fact three times the amplitude. Again, no signs of bearish divergence. The AI Lorentzian indicator shows a buy signal. Its algo tested a projected win rate of 73% on the signals which should buttress my confidence in this trade. I will follow the signals in the context of my targets based on TA and see how they correlate. Gold is on fire ! Junior miners are perhaps in the midst of a wildfire. I will take a long trade on this penny stock. My targets are $0.56 and $.71 representing swing high pivots earlier this year. Overall, I am expectant of 50% profit and a risk free trade once the price rises 10% and a 5% stop loss is moved to break-even.
NASDAQ:HYMCLong
by AwesomeAvani
JNUG- Gold is Going Higher ( LONG)Gold is rising and so also JNUG the triple-leveraged junior miner ETF which has components of miners that have the most to benefit from rising. On the daily chart, price dropped from a winter pivot high with a head and shoulders pattern into a trend down with a bounce off the lows in early March followed by a YTD pivot high in mid April followed by a trend down into the July 4th holiday where the reversal from the low into the current price movement is supported by the MTF RSI indicator showing both the low and high TF RSIs crossing the 50 level. The zero-lag MACD shows the histogram going negative to positive simultaneously with the K /D lines crossing from underneath and beginning to rise. Importantly the Lroentzian machine learning AI indicator using a variety of indicators and factors printed a buy signal earlier this same trading day. I will go long in a swing trade expectant of great profit. I can see that price is approaching the long term mean VWAP and has crossed over the POC line of the lower high volume area. The target of 43.2 is the POC line of the upper high volume area confluent with the first standard deviation above that mean VWAP and also the neckline of the H & S this past winter. The analysis is strong from the confluences and so expectant of 15-20% profit.
AMEX:JNUGLong
by AwesomeAvani
VALE - a senior gold miner LONGVALE is a long-established gold miner with global assets and is well positioned to leverage rises in spot gold and futures in its overall operations. On the 1H chart, I have added two sets of VWAP lines and their standard deviations anchored at the beginning of both May and June. They have similar line trends. Price is crossing over those mean VWAPs a classical sign of predominating bullish momentum The Lorentzian machine learning indicator issued a buy signal two trading days ago. This indicator uses RSI, CCI, moving averages and directional indices to produce high-quality algos and trading signals. It has no psychology and issues alerts on purely mathematical criteria. The MTF RSI indicator shows the lower TF line crossed over both the higher TF line in black and the 50 level one day ago. The 3 in 1 indicator is green for all three including money flow and bullish momentum and confirmatory on RSI. Overall, given the rise in gold on the forex and futures market, I see VALE moving higher and the TA supports that view. I will take a long trade of stock and consider a call option if I can find one with enough volume to trade and a reasonable spread.
NYSE:VALELong
by AwesomeAvani
XAUUSD- Extended View Long Bias Spot GoldXAUUSD on the daily chart has been in a trend down from $2179 since early May when its candle wicks also reached into the zone between the lines two standard deviations above two different anchored VWAPs set at the early and late February high and low pivots. In the past week, Spot Gold pivoted above the support of the aVWAP lines one standard deviation below the mean. The MACD indicator predicted the reversal with a double bottom shown as a green line. Above the current price are the mean VWAP and the confluent POC line of the long-term volume profile at 1959. From my analysis of these findings, I will take a long trade entering @ 1959 targeting first 2000 and then 2060 based on the trending of the aVWAP bands. I may also review the JNUG ETF and have already taken a position in GLD.
FX:XAUUSD
by AwesomeAvani
GOLD VS VIX -3/5/2023-• Gold is highly benefitting from the fear and uncertainty in the market which is likely to persist • Markets are again assuming a recession coming • Banking sector latest dilemma is adding to the fear sentiment • Rising interest rates, hard landing caused by FED continuous tightening policy along with signs of stagflation all add to the bullish price action seen in the commodities markets • Added the VIX (volatility/fear index) below Gold chart to try and visualize any correlation between them • Interesting to see that peaks in VIX index were usually accompanied by peaks and rallies with the Gold • As we are approaching the all time high at 2070 with price currently just above 2000 I would like to add my own interpretation on that • When Gold traded at 2070, VIX value was around 33 • We are only just above 2000 and the VIX is way lower than the previous higher level • If current factors and sentiment persist in the market, we might see the VIX trading back towards higher levels, sending the Gold way higher than 2070 • Note that VIX is up almost 11% in a single day at the time of writing Traders, if you like this idea please comment and like ✅ Here to answer all your questions, Good luck
TVC:GOLDLong
by RamziAbouAbdallah-CMT
my ideal for xauusd intraday tradeThis disclaimer is simply my opinion of this pair, not a solicitation to buy. I saw gold getting rejected from the 1960 support, probably coming back again in 1970 or closest to me in 1966, the market after hitting the 1966 price will see where the market will go and whether to continue or reject and retest the 1960 support, You and I have never known to be so careful and always set stop loss and take profit. good luck guys FYI, my entry position on this trade is at: 1961.50 and I have moved my stop loss to my breakeven or entry position Entry: 1961.50 TP: 1966/70 SL: 1960/1958 GOOod Luck guys!!!!
PEPPERSTONE:XAUUSDLong
by the_pamungkas
Gold Analysis and Trade Idea for 21-Feb-2023 2nd ideaPlan A Buy 1835.00 (Buy Zone) SL: 1828.00 TP1: 1842.00 TP2: 1846.00 TP3: 18552.00 -------------------------------------------------------------- Bullish - Market is over sold and will make a LH - Gold showed bearish trend in past two weeks which was HL on daily chart - Gold will be bulish in upcoming week to test 1873 resistance zone . -long bullish is only possible if it broke 1873 - Market will perform under 1873 and 1818 level in this week - Gold will make a HL on 4H around 1870
OANDA:XAUUSDLong
by xeshaan
1
Gold Analysis and Trade Idea for 21-Feb-2023Plan A Buy 1839.00 (Buy Zone) SL: 1832.00 TP1: 1846.00 TP2: 1852.00 TP3: 1858.00 -------------------------------------------------------- Bullish - Market is over sold and will make a LH - Gold showed bearish trend in past two weeks which was HL on daily chart - Gold will be bullish in upcoming week to test 1873 resistance zone. -long bullish is only possible if it broke 1873 - Market will perform under 1873 and 1818 level in this week - Gold will make a HL on 4H around 1870
OANDA:XAUUSDLong
by xeshaan
1
Stand by for BUY signal on GoldStand by for BUY signal on Gold 1.790/1800 is an important area of support/resistance. 1) A breach and close above this level, will resume the trend line and climb to 1830/40. 2) if the price can't break the 1790/1800 barrier the trend will most likely change and retreat to 1700 levels 3) Right now, price is underpinned by 1790 support baseline and 50 EMA. And above the 200 EMA 4) Money flow index is in the green zone supporting Upside continuation
OANDA:XAUUSDLong
by Memo_Mountain
1
GOLD BULL RUN (Ratio with DXY USD)This Weekly Chart shows that the value of gold compared with the $USD is now rising since July 18th. If over the short term XAUUSD is dropping on a weekly basis it is rising. This analysis suggests that no matter bearish in the short term, gold is bullish and potentially a long hard bull run is now underway. See also my idea regarding a cup and handle pattern for XUAUSD suggesting a price at which spot gold could break past for the continuation uptrend.
OANDA:XAUUSDLong
by AwesomeAvani