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Safehaven

Gold Outlook - Is it really a safe haven?Let's start with a bit of background information on Gold . There is something wrong with the predominant view about Gold, treating it as a safe haven. It is one of the most speculative commodities in the market, if not the leading one. After the global economic crises in 2008, immense volumes of liquidity and the declining treasury yields (ps. gold has an inverse correlation with treasury yields) gold prices spiked up to its ATH at USD 1.900 . However, we have experienced a 45% retracement back to USD 1.000 levels after that. A SAFE HAVEN WOULD NOT LOSE 45% OF ITS VALUE, PERIOD!! Considering the past 6 months, gold has been priced purely on speculation and fed by the rising tensions with Iran and trade war drama with China. To crown it all, Corona Crisis was added to the play as well. Furthermore, Silver and Gold has always been closely correlated and yet Silver did not keep pace with the latest rally of Gold. The increasing gap between Gold and Silver correlation could also be considered worrisome for Gold prices. On the other hand, we have recently experienced in the latest crash of stock markets that the investors closed their gold positions to cover their margin calls. In addition, Passive Funds are known to sell all assets including gold positions when they're in BEARMODE. So the next expected leg down on the stock market is possibly going to crash gold prices too. After this boring entry, let's dive in to our technical analysis and see what to expect for the days ahead: In the first trading day of this week, we'll probably see a reversal from the current prices or the range above at 1.715 - 1.720 . It will be a good short trade setup with a nice R/R, targeting the first demand zone at 1.640 - 1.650 , which offers 650-700 pips profit. However, be cautious about President Trump trying to blaze the trade war drama again. That might trigger a move up to 1.775-1.800 range. On the downside, the following ranges for possible rebounds are; 1.605-1.615 zone, 1.570-1.580 zone for the coming days. Our experts predict that gold prices could dump to the key levels at 1.350 - 1.400 in the mid term. Join us at our free telegram channel @bullsitrading and let's trade together.
OANDA:XAUUSDShort
by BullsITrading
1
Gold when markets entered risk-offHi Guys, On Feb 20 markets started to go down due to COVID19. Here I posted some daily screenshots of: SPX, DOW, NASDAQ, DAX, CAC, FTMIB, FTSE, WTI When economic conditions weaken and risk appetite decline, Gold normaly goes up because it is considered by many a safe haven. But the move in Gold did not happen right on Feb 20. Instead Gold went down to find support on the 200SMA before starting the run up into April. To note that RSI is approx to enter above 70 zone which means overbought. However, in the short term, this is a signal of strong bullish momentum IMHO. There is also to note that the move made by Gold from Mar 20 is very similar to the move made by stock markets on Mar 23 when FED shot their "bazooka". However, whilst what happened from A in stock markets is a "bear rally", what happened in Gold from A is a "bull run". GOLD BULL RUN SPX BEAR RALLY Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
TVC:GOLD
by cozzamara
GBPJPY - Short - Take Profit 130.000Short trade recommended with a take profit of 130.000 Fibonacci Retracement at 0.382 struggling to break through the past 10+ days to the 0.5 retracement level. The real test of this trade once reached is the 132.500 level which has proven extremely difficult to break over the past 10 days. The upside today was based on a wave of fundamental news (Postive) and strong index performance across the globe seeing between 5% - 8% gains across the globe weakened the YEN. The evening seen a snap downwards due to minister being admitted to ICU. I expect to see downside in Asian session tonight (Provided no positive news moving futures upwards).
Short
by darrenkav25
1
Gold Holds The Shine 🌟👑🌟The precious metal not losing its seat against other assets knowing the fact that uncertainties are still spiraling around the world by that pandemic. Every time risk bets work fine but at end plunge back to what it gained and it seems no reason to hope much from risk bets still and market players aren't leaving their hands off from this precious metal. The precious metal is already in the middle of a climb these days back again, and the ongoing COVID-19 market turmoil could provide additional momentum for a longer-term climb. The flurry of interest rate cuts and stimulus efforts from central banks eventually sparking a divergence between equity markets and gold. Can't neglect the historical financial crisis facts when the bling nearly tripled its value from $700 to $1,900 . What do you think we are facing right now? Thanks for reading my idea fellow traders if it added some value in your trading please do support with likes and follow so I can bring such interesting post again for you.
FOREXCOM:XAUUSDLong
by Anatta0
Another leg lower on GBPJPY? The Sterling has shed 15% against the Yen the past month due to the pandemic and flight to safe haven assets. We have seen a leg up of recovery for the sterling entering the 50% retracement area of this huge 2000 pip drop, but could it just be a fake recovery for reload sellers? I am watching this area price has entered now very closely to look for any indication that we are not over with the panic and could see another leg lower for GBPJPY.
Short
by Ironclad_Investments
Diary | 3/16/2020 | /SI SpreadJustification: Directional Play: Yes, sticking to my thesis from a while back that gold and silver have room to pullback. Technical: Long-term support and resistance level. Fundamental: Contra to popular belief, /SI and /GC are not acting like safe-havens. If/Then: Take profit? 50% credit received Where will you hedge? $16.15 Strategy Details: Short and Long leg: $16.15, $16.5 Short Leg Delta: 0.15 Duration: April 27 Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
COMEX:SI1!
by Physik
EW Analysis: USD Index Slowed Down Into A CorrectionHello traders! Today we will talk about the most interesting currency in the last month - US Dollar. As you can see DXY made strong and impulsive recovery recently, mainly because all the assets were down due to panic across the world and also financial crisis, so investors are rather in cash now and that's why is USD so strong. USD is currently down, but looking at the bigger picture, seems like it's just testing previous resistance area as a support here and the main reason why we are observing potential support is a three-wave a-b-c corrective decline from the highs. As you can see, there's a chance of a triangle in the middle, which in Elliott wave theory occurs only in waves "b", "4" or "x" and in some cases even "y". So, if that's the case, then a recent decline from the highs should be corrective, because triangles cannot occur in wave "ii", which means that we should be aware of a limited downside and potential bullish reversal soon. Of course, every analysis needs to be confirmed before you may act, so only if we see sharp and impulsive recovery back to 101 region, only then we can confirm a completed corrective decline within uptrend. Be humble and trade smart! If you like what we do, then please support us with likes and comments! Thanks! All the best and stay healthy! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
TVC:DXYEducation
by ew-forecast
3
XAUUSD - GOLD Yearly viewWe are at a very interesting price point with gold and the worlds economy at this current time. We have seen Gold prices reaching their highest levels since 2013 as all the big players have been accumilating the yellow precious metal. Where as silver has started to outperform the yellow metal, traders and Investors have began to realise the economic impact of gold as a safe haven especially with the impact of Coranavirus (COVID-19). Effects of the rsing tensions between US & China trade talk, drop in stocks, treasury yields and IHS ecomomic data has provided a boost for the precious metal. Overall, it seems the upcoming rally within the precious metal industry which also includes silver could be significant at the moment and not a opportunity to be missed! As always... PATIENCE, CONFIRMATIONS, ENTRY, PROFIT!!
SAXO:XAUUSD
by jedahs
4
InFiNiTy MoNeY to the rescueSupport retested, zone under the green green block proven to be a strong buy zone. Bitcoin pumped on news that the U.S. Fed will be buying anything: www.cnbc.com U.S. equities pumped in pre-market too, but retraced rather quickly. It's a bullish sign that bitcoin did not slink back under support following the news pump. Things I am wary of: - Bitmain 03/27 $5000 euro-style bitcoin puts - March 31st Mt. Gox repayment plan deadline involving 140000 bitcoin - Daily close under support - COVID-19 affecting market sentiment - Oil price war causing unpredictable fluctuations in US dollar's value (but can it get any much lower?)
COINBASE:BTCUSD
by NeoButane
SILVER - XAGUSD - Oh no, don't do that!Silver looking bearish. Escaped out of a either descending triangle or a symmetrical triangle, both are legit. I feel pretty confident to say that silver is heading towards 8.87$. Bitcoin is not a safe haven, Gold is not a safe haven and silver is not a safe haven. EUR with their problems a safe haven? USD printing trillions a safe haven? CHF running into debth with COVID-19 a safe haven? Stocks? There is no safe haven... Happy trading and stay healthy!
OANDA:XAGUSDShort
by Thierry88
4