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Safehaven

Sooner or later, Gold will try to challenge the All Time High.Gold which, the safe haven asset is however become the most interesting asset for all of the stakeholders during recession on the market. That's one of the attractiveness of gold itself. But, I need to say it again 1 more time that I don't give any fuck about any fundamental analysis of the market. I just believe in levels and the price action on technical analysis. Based on the chart applied, we can see that in the last 2 months it looks like a very hard time for the price with a huge rejection toward the resistance now. But, I still see this as an ideal price behavior because the price is testing the golden pocket region. If the price can't breaks this region as a resistance, we could see the correction toward the $1300 region as the region which has confluence with the yellow support trend line and the previous broken resistance that is becoming support for now. If this level can hold, it will confirm a series of higher high and higher low. Aligning with my above statement, I see a perfect example of the breaks out strategy of the price which has broken out of its bullish falling wedges with a retest action back at September 2018. We could see an extra bullish movement from the gold in the next 5 years to challenge the ATH or even make a new ATH of it. For now, just do the Dollar Cost Averaging and this could be a good investment.
TVC:GOLDLong
by julio24albert
600 PIPs USDJPY trade ideaThis idea is inspired by Corona Virus fears in the US followed by strong analysis. Running trade and profits are shown in a tweet posted on my account, look for the link in the comments. ** Support shown in Point #4 was tested on: 25 June, 19 24 sep, 19 3 oct - 8 Oct, 19 presents a strong case and price action movement around this level. ---------------------------- Follow the channel for more strong and in-depth analysis like this. Share the love with your friends and let me what do you think, Leave a comment :) To get these signals live #Telegram @ Tradingmoore
Short
by TREND-KEY
1
Here is your store of value! In a macro sense the store of value concept for BTC is getting bullied by the big kid in school. Gold shows of its true value during these times and is as stable as my mothers love <3. Yes BTC is still a teenager trying to find its place and needs to develope a bit more before it can play with gold for real. While we all can utilize BTC volatility, we need to learn how it behaves so we can be all gain from its development. One thing I learned about BTC is that it always want to outshine your expectations in both directions! BTC tried to break above the 1,6 fiblevel and the red flags were up that we would most likely bounce down to the 3.2 fiblevel. I did not want to believe my own TA. We have the halfing coming up damn it! The result, we bounce of the last 4.2 fib-level.... SO FAR! What does this tell us? BTC is no longer a safe have and is very much connected to the remaining financial instruments in the world. Did it crush your dreams? Like if it did! Where do we go from here? Short answer, to 3.2 level at 6800 within days! Why? Because we all love volatility and fibblevels!
by DraganJeremic
CHFJPY Sets To Resume Another RallyCHFJPY has just completed a 5-3 "impulse-correction" Elliot wave cycle. The corrective structure was complex and erratic due to the last few weeks of volatility. However, the price seems to make a triple zigzag pattern and rejected 61.8% Fibonacci level that lined up with the weekly support zone. Price has the potential to move higher in five-wave and target above wave A high is plausible in the weeks ahead. Looking for bullish price action at HL will be a good signal to position in this new bullish trend. What's your take on CHFJPY?
Long
by Veejahbee
6
Uncertainty is Strengthening Safe-Haven CurrenciesAfter witnessing the euro depreciating against the dollar for about 2 years, the negative interest rates in the eurozone and the deepening of the global economic slowdown due to the intensifying Covid-19, have made the eurozone an attractive safe-haven currency against the dollar. Apart from the macro-trend, technical analysis have shown that the euro has broke above the long term MA as well as its major trendline. Hence, indicating a potential reversal from its depreciation. For now, we would expect a retest of the support at 1.11900 before prices rising up to potential levels of 1.13900 and 1.15300.
Long
by minjiarui16
1
Buy Bitcoin - Is Bitcoin about to emerge as a modern safe haven?We could be about to descend into a full state of panic in the markets? The uncorrelated nature of Bitcoin could become very attractive to investors as they seek shelter from a global slowdown? This is the time for Bitcoin to step up and prove its worth in my opinion. It maybe an early call but I am preempting the completion on an inverse head and shoulders pattern on the daily chart. I have a neckline that comes in at 10522. A break above here and we start targeting the 2019 high at 13868. Beyond that we are looking at the measured move of the inverse head and shoulders pattern at around 14615, then a 161.8% extension of that pattern at 17144. If those targets are achieved, then it may only be a matter of time before we see a new all time high printed, beyond that, who knows?! The potential right shoulder has corrected by around 50% and we are looking set to close above the 10EMA on the daily chart, which for me is a trigger to get long. Best of luck!
COINBASE:BTCUSDLong
by Investamate
9
Buy TGT @ $113-$114 till 03/09/2020Buy Target Corp at current price of $113-$116 (Avg $114) and hold it approximately till 09.03.2020 to take at $125.0 (+9,6%). Reason of the exact date of 03/09/2020 - is the Avg expected Value (Return) equal to 0.21% daily. So in average the stock will grow by 0.21% daily. I am sure the stock will rise because of the next reasons: 1. sustainable large company one of the leaders in the industry in USA 2. the price plunge is due to the company slightly less than expected forecast for upcoming 4q statement 3. the stock is considered as defensive assset (a.k.a. safe heaven) 4. the stock price is very cheap Although, the price can slump down to $105 per share, so my recommendation is to take more on that level. If it slumps to $105, the average price will be $109,5 stop-loss at $103 (-6%), take profit at $125 (+14%). Have a Good Luck!
NYSE:TGTLong
by Dolmatin1919
Most Exciting News For EGO in a DECADEGood morning traders, today we will cover EGO, a massive gold mining company. EGO let out some big news during a massive week throughout earnings pumping a massive 50%. Not only did EGO release some fantastic news but it just so happened to be after a major breakout which hasn't been tested since 2010. Another impact that should be accounted for is the Coronavirus. As Coronavirus scares grow, economic despair follows. On a side note, EGO just released some pretty big news about their mine Kisladag. Eldorado NYSE:EGO claims they have a plan for a 35% gold production increase. Average Volume: 2.20 million shs Current Volume: 20.22 million shs Eldorado says completed long-cycle heap leach testwork indicates increased heap leach life of mine recovery at Kisladag to ~56% and extends mine life by 15 years through 2034. On an unadjusted basis, Q4 net earnings swung to a $91.2 M profit, mainly attributable to the net $85.2M Kisladag impairment reversal, compared with a $218.2M loss in the year-ago quarter. My Opinion? 10.09 Breakout = Moon Friday we saw EGO touch over $10 a share after-hours, will we wake up to a bag next week? As always
NYSE:EGOLong
by DotcomJack
1
XAUUSD: Testing the Higher High. How to trade the next 10 days.Gold has hit our 1,595.50 Target (as per our last buy call seen at the end of this analysis), and being within a 1D Channel Up since the Iran tensions (RSI = 70.008, MACD = 14.450, ADX = 38.078) is now testing the 1,611.50 Resistance made around Suleimani's death. That is also the start of the Higher High zone of the Channel Up and if broken we expect a final push to 1,633. Technically the Channel Up should then pull back (profit taking also) towards 1,580 for a contact with the 4H MA200 (orange line). If however the Channel Up breaks upwards, then both the candle action and the RSI (as seen on the chart) point towards an aggressive break-out that may extend as high as 1,700. We have highlighted this similarity between fractals on the following study: Our recent buy call as mentioned at the start of the analysis: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XAUUSD
by InvestingScope
4
Gold (XAUUSD) buyThe growing number of people infected with coronzvirus will make investors to get into safe-haven assets. USA blame China thet they didn't took a higher response to tje virus. There are also growing fears that the ongoing rally in the equity space – fed by central bank liquidity – are building up to a sharp correction, especially if the Chinese virus is seen to have made a significant dent in global economic activity. I'm aspecting to see the price of gold to take new High around 1.620.
FOREXCOM:XAUUSDLong
by Lotus15
Gold: Weekly Forecast 3rd - 7th February 2020The gold price pulled back and rebounded off just as expected from our previous weekly forecast. With the increased coronavirus fatality, demand continues to rise for safe-haven asset thus boosting the gold price further. Based on the technical chart, we continue to see the price repeating the historical pattern from February 2019 such as the 3-month consolidation and how the price broke out of the consolidation. The gold price peaked somewhere near 1612 and pulled back sharply and fell into a short consolidation where the price will eventually pick up and rise again, just like what it is now. So, if we take the historical pattern into consideration, the gold price which is expected to rise further this week will face strong resistance as it retests the previous high around 1612. The price would then pull back sharply while maintaining a higher-low stance towards 1580 to 1556, and then the price will ride onto another bull-run.
FX:XAUUSD
by AlgoVenture