Ounce
GOLD to $2835/OZFiat currency's days are coming to an end. Expect to see Gold at $2835 minimum. More likely hitting $4449 and even $7138 by the end of Trump's second term.
BUY
GOLD how looks like In which days that f*cking corona is hassle, dear chinese with above 1800 tonnes of gold reserves had injections into the market last night that kept gold in a safe zone and prevented it from climbing now and moderated the market.
It should be noted, however, that the risks of the virus are increasing every day unfortunately... :(
-From the bottom of my heart I wish health to the international community and all living things on earth
The Most Possible 4 Scenarios of GoldHi all. In particular, I wanted to explain the different scenarios where I worked with elliott. I have confirmed all points on the Elliott principle. And finally I've identified four different scenarios. The first and second scenarios are my preferred ones. But I will also be on guard for the third and fourth scenarios.
Good Luck ;)
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XAUUSD - Gold buyers no longer afraid of risksLast week was a week of losses for global indexes, especially for the U.S. There was a sharp fall due to the long-lasting trade war between the U.S. and China, which has yet to yield any results and is strained by new reciprocal tariffs. Investors increased demand for secure assets while risk appetite continues to fall. This demand has been especially beneficial for gold per ounce in the recent period. Commodities , which were stuck at $1,300-1,400 throughout the year, have recently increased their upward momentum. Major investment firms raised their price estimates up to $2,000. However, short-term resistance levels at 1534-1550 and 1575 may come to the forefront. The continuation of the trade war between the U.S. and China, downward sloping bond yield curves, and most importantly, the FED remaining on the interest rate path play an important role in the continuation of the uptrend. Support levels at 1507-1493 are critical in fallbacks. During the week, PMI figures also came from Europe, Asia and the U.S. This data, which is the leading indicator of growth, is quite weak. JP Morgan Global Composite PMI is at its lowest level in recent years. In short, recession pricing is prevalent in economies. This environment benefits gold . Confidence indexes by the U.S. and Chinese industry profitability figures may stand out in the upcoming week. In addition, developments in the Italian elections, the trade war and Brexit are important for the direction of pricing.
As long as global risks are not eliminated, an upward trend in gold per ounce can be expected.
Support - 1496
Resistance - 1555
Breakout - 1557
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The Last Move Before The Big C Wave ! The wait-and-see strategies of developed countries will be priced by the FED. What does this mean? Compared to other countries holding interest rate cuts and subsequent movements, the FED will reduce the interest rate by only 25 percentage points to prepare the market for further interest rate cuts. FED descriptions will help for our goals. The point to be considered; the next move is the ABC movement ! This mean if you have an long position, your stoploss must be at 1411 or below. This could be a high risk. So i ll wait for the 1450 - 1465 area to short this... NOTE: Guys nobody warned me yesterday's chart was wrong :) Pls tell your idea about the chart so we can see it more clearly...
A Big Corrective B Wave ?!Too many people made mistakes here. Coz this s a big correction B wave. As u see there s a WxYxZ combo. I have conformed all previous waves by elliott rules. That s why i set my strategy like this way... I will wait for 1395 - 1385 area to long. Then i will target 1450 - 1460 area to short...
USA 10 Years Yield Daily Divergence ?? Check This Out At this graph i want to show u that divergence. It is very simple and important for gold ounce traders...
GOLD USDwe broke out of the neckline from the inverted head & shoulders formation if we are able to keep above $1375 - $1400 then i expect 1st target to be $1566 by the 0.618 golden fib ratio level. now if we are able to break this with colume and momentum then next target will be $1700 (0.786) fib. $1900 is a possibility but we need to see how things develope after we reach our 1st target. im bullish on gold
Bullish scenario
targets if remains strong:
1/ $1566
2/ $1700
3/ $1900
if we get rejected
Bearish scenario
targets of support:
1/ $1244
2/ $1182
3/ $1044
***this is not financial advice just a madmans imagination.***
Gold After a small correction moves toward his goalAfter a small correction moves toward his goal
target :1301.110
SILVER Perhaps, we see mid to low $8.00 range for silver. Could be good support and buying opportunity for a mid to long term hold.
bearish but !hi all
i see gold still bearish trend but it have to correct to 1350/1351 area before start the bloodbath
be careful guys .. any close above 1351 will continue to 1358
so you should monitor closing in triangle or above
Silver starting a new market cycle time to accumulate! Silver stacking is fun but this is all about the technical market cycle breaking descending resistance providing a excellent opportunity for growth in these oversold market conditions.
Lots of big names recommending silver also
let me know what you think!
GOLD SELL TRADE IN THE MAKINGChart tells the story on this one.
Gold was not able to profit on syria tensions last week, it made a fake break.
In the nearterm i see some weakness coming.
We should not see prices above 1262 anymore.
Blessings.
