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Safehaven

Yellow Metal Bilateral Chart PatternsThe symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle. The market is making lower highs and higher lows which means that neither the buyers nor the sellers are pushing the price far enough to make a clear trend. This is also a type of consolidation and two slopes get closer to each other, it means that a breakout is getting near. We don’t know what direction the breakout will be, but we do know that the market will most likely break out. January 14th, 2020 based on CFTC non-commercial were reducing their long position after hitting above the extreme level and they were profit-taking but they also reduced their shorts that stabilized price somewhat at the high in the weekly chart. Global risk appetite might somehow be affected by china's natural disaster (virus case) which affected not only humans but various financial markets around the world which hit the risk-off mode situation through the international market couple of weeks. Falling equities, rising Treasurys and safe heavens like the greenback, yen and yellow metal taking most advantage. Seeing the risk currencies like Aussie, euro, pound devaluation which totally indicated to us the overall market situation at the moment but this all should be temporary and soon or later we may see back good risk appetite on the global market which may flip back this all case in no time.
FOREXCOM:XAUUSDShort
by Anatta0
XAUUSD: Short term update. Potential 4H Channel Up.As mentioned on our last analysis ( see it here ), Gold broke into the neutral Triangle area (pink) and 4H turned bullish (RSI = 59.913, MACD = 1.240, ADX = 45.651) as the MA50 got crossed. The 1,563.50 4H Resistance is still holding though and if it doesn't break by tomorrow then we risk invalidating the Channel Up (dashed channel) that has been created. If 1,563.50 breaks then the Channel Up can make a Higher High at 1,573.50. If the Channel Up breaks lower then we remain neutral on the short term, as long as the MA50 (4H) supports. The chart provides all the break out and possible moves you need to know. Our long term outlook on Gold remains bullish (TP = 1,578.50 and 1,595 (medium term)). Our long term projections: ** 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:XAUUSDLong
by InvestingScope
2
XAUUSD: Short term outlook | Descending Triangle.Gold respected the 1,536 - 1,540 4H Support Zone which was the symmetrical level from the September 24th Lower High, but the rebound stopped on the Lower High trend line (red dashed line) of the 4H Descending Triangle (RSI = 46.910, MACD = -1.340, ADX = 27.607, Highs/Lows = 0.0000). A break above that line justifies a 1,563.50 test, while a rejection another attempt to keep the 1,536 - 1,540 Support Zone intact. If Gold breaks the 1,563.50 Resistance breaks, then more buyers should join. TP = 1,578.50 and 1,595 (medium term). ** 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
XAUUSD: Short term buy. 1H Channel Up.Gold opened lower today but the downtrend was contained on Friday's 1,546.50 Support. The rebound creates a Channel Up on the 1H chart (RSI = 48.937, ADX = 41.707, Highs/Lows = 0.0000) which if it manages to break 1,561 again (Soleimani's death Gap), it can make a new Higher High. The MACD is also rolling over to a bullish cross. The short term Target now is 1,565.50. ** 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:XAUUSDLong
by InvestingScope
2
GOLD: Thermometer of World Economic Sentiment (II)Hi Guys, the narrative of this post is the same applied to my post dated April 13, 2019 (below) Financial Crisis have driven Gold price up. CBs around the world have responded by implementing policies aimed to stabilize the financial System. The run started after the collapse of investment bank Lehman Brother when Gold retraced from 1032 to 730 in 2008. It took three years to get to 1920, then...profit taking in Sept.2011! In 2012 skepticism was surrounding the policies implemented by CBs and for 18 months Gold was supported at 1570/1550. Finally at the beginning of 2013 demand for safe haven dropped and Gold dived to reach 1046 in 2016. After 4 years since 1046, Gold is now back at 1570/1550, previous support between 2012 and 2013 now become resistance. Click & Play the followings to watch price unfold For additional infos about Gold please refer to the related ideas linked at the end of this post. If you have any questions or comment to add please do not hesitate to post it. 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
Gold Bulls Haven't Give Up YetThe chart above reveals Gold entire rally since August 2018. The price which is in wave (v), the last phase of an impulsive structure is till in the making. Elliot Wave is Fractal in nature, that is, every wave has an internal sub-wave of lower degree. In Gold case, wave (v) is not completed yet as the recent rally is just in three-wave. So the price is expected to make a corrective wave iv and resume higher in wave v to complete a five-wave structure in wave (v) of C. Wave (v) is expected to find resistance at 0.618 Fib extension around $1687 per ounce. Do you think Gold has completed the five-wave structure already?
FX_IDC:XAUUSDLong
by Veejahbee
Will Silver Reach $22 Per Ounce?The daily chart above shows Silver's entire rally from November 2018 low. As visible, the price appears to be forming a textbook five-wave impulse pattern, labeled (i)-(ii)-(iii)-(iv)-(v). The sub-wave of wave (i) and (iii) are also visible while wave (v) is still unfolding. According to Elliot Wave theory, wave (v) should exceed wave (iii) high, in Silver case price is still in the middle which means that the recent rally is just sub-wave "i" of wave (v). Once sub-wave ii correction is completed around 50 - 78.6% Fib ratio, price is expected to resume higher in wave iii. Wave (v) will most likely find resistance within the gray resistance zone that lined up with upper ascending channel resistance around $21-$22. What's your thought about Silver?
OANDA:XAGUSDLong
by Veejahbee
2
ORBEX: EU/UK Free-Trade Agreement Under ThreatWith US-Iran de-escalation traders shift their focus on Brexit talks and safe-haven outflows! The new EC President threw doubt into a free-trade agreement in her visit in the UK to initiate talks. And this could have a reversal effect on the uncertainty we saw removed over the past few weeks. Watch me analyze GBPNZD and CADJPY for further technical insights and as I apply Elliott waves. Trade safe Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
Gold is cruelHi Guys, It's Dec.24th, Christmas Eve, and Gold has just crossed the descending trendline of the following chart ( Click & Play it to watch it unfold ) The breakout have written "buy me" all over it. It could easly climb back above 1500 considering the current bullish outlook. There is no doubt that such a move will attract lots of buyers aiming for highs above 1560. I was expecting a drop in Gold when US and China announced Phase One of the Trade Deal on Dec.13. I was bearish on Gold when UK elections delivered a conservative majority. I thought these factors would have removed uncertainties and favoured risk appetite therefore away from safehaven. But they did not. Gold resisted well at all these bearish forces including NFP above expectations and it has breached the descending trendline right on Christmas Eve. Could Gold have done it last week instead of moving in a 6$ range? ( Click & Play it to watch it unfold ) No. The yellow metal had to wait Dec.24 before making a move. Is it a Christmas present for those who take profit or an opportunity to position long for a prosperous 2020? 2019 has been a great year for Gold already. Since year started Gold made two bull runs without consiering the run made in the last three month of 2018. IMHO it may be a good time to retrace such rush as it did when Gold corrected the run made in the first half 2016. Current outlook may turn around in 2/3 weeks, converting itself in a bulls trap like it happened following Trump's election. The move IMHO may be triggered if and when Phase One of US China Trade Deal is signed mid Jan 2020. In the meantime expect a lot of Tweets from Trump. LOL For additional infos about Gold please refer to the related ideas linked at the end of this post. If you have any questions or comment to add please do not hesitate to post it. 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
4
ORBEX: Gold & Oil Soar on Iran's Military Retaliation!Iran retaliated against US with ballistic missiles instead of disrupting oil shipments, facing one enemy at a time as China is a big importer. Gold and crude soared to fresh highs after Iran attacked a US military base in Iraq. Oil gains, however, were discounted early, perhaps due to EIA’s later report, but gold remains bid near $1600/oz. Watch our analyses for further technical insights and as we apply Elliott waves. Trade safe Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
FX_IDC:USDWTI
by Orbex
XAUUSD: Projection of the current parabolic move. Bullish RSI.Last week we made a long term analysis of Gold by comparing the current bullish break out to the early June, 2019 pattern, setting an upside target of 1,640 (see below): Today we are looking at this Parabolic Rise on the more short term 4H chart. The most interesting fact is the RSI which is on a Channel Up. This parabola on the 4H chart has now neutralized the previously overbought levels (RSI = 66.274, MACD = 14.030, ADX = 46.204, Highs/Lows = 2.5286) with the drop and test (so far successful) on the 1,557 former 1W Resistance, but 1D remains overbought heavily (RSI = 85.761, MACD = 20.400) and that is why we cannot dismiss a lower pullback to gather up renewed buy interest. For that reason as explained on the previous analysis, besides 1,557 we consider 1,536 as a potential long term Support level. That will make a solid sideways consolidation still within the Parabola (green curver) that may accumulate buyers and finally break towards 1,640. In June 2019 the 4H MA50 held, didn't break and supported the uptrend. If it does this time also, then the break out to 1,640 may be even stronger. We remain strongly bullish on Gold on the long term since our November fractal analysis as seen below: ** 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:XAUUSDLong
by InvestingScope
ORBEX: Risk Softens As Iran's Retaliation Options LimitedIran will most likely retaliate and perhaps the first move will involve the disruption of oil shipments through the State of Hormuz. But, what will China say to that, given nearly 50% of its imported oil comes from the Gulf region? For now, risk is scaling back and that’s obvious from yen outflows. Watch how the euro and dollar could perform over the next few days. Timestamps USDJPY 4H 01:30 EURUSD 4H 03:30 Trade safe Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
Platinum bullish breakout 2020Based on the price action, this could be one of the best years for platinum since 2007. A break of the confirmed downtrend line and close above it and 200SMA. For extra confirmation, waiting for the close above the $1000 level. This could be a great long term trade for 2020, targeting $1700 at 61.8% fib level. Commodities are very bullish at the moment due to brewing conflict between USA and Iran and there seems to be a real threat of war in the air. Investors will seek commodities as safe havens in case of full military action. Not the best start of the new decade... Good Luck!
TVC:PLATINUM
by Antonio_trader
Silver trade updateThe break at the low of wave 4 is going well and war tensions between Iran and USA are increasing demand and prices for safe havens. So far no positive news is out regarding the conflict. Looking at the overbought shooting star candle at around $18 level, it would seem that a pullback could happen. So far still bullish on silver and gold. Waiting for new highs to add more long positions, stop below the recent highs. Fundamental news is key here so watch the twitter feed for announcements
FX:XAGUSD
by Antonio_trader
USDJPY trade planAfter unprecedented attack from USA sanctioned by Trump the week turned into quite roller coaster. War threats with Iran have created a fearful first week in the market as safe havens surged with gold and silver gaining around 2.4% and 2.7% respectively since the start of 2020 as investors are trying to protect their capital from exposure in risky markets. JPY of course was a massive gainer, USDJPY fell through the channelled resistance and now found key support level just below 108. This weekend we are waiting for the new development between US and Iran to understand the next direction of this pair. A fall through support would indicate continuation of a short trade. Looking at 1 hour time frame in comments section a down trend line and small resistance zone show potential level for reversal and a buying opportunity. This trade will be largely determined by fundamental news from Iran and White House and I will update whenever news come out. Good Luck!
by Antonio_trader
FOOL PROOF S&P500 INVESTMENT STRATEGY!A one time investment for 11 years of (on average 14%) -This strategy uses simple indicators to determine an entry which indicate trend reversal-- such as MACD and the fact that the 2008 credit crisis crash was likely to fall to previous resistance (dot com crash) -Safe strategy, you're essentially betting on the American Economy and when you're at rock bottom it's more likely to go up than a full economic collapse in western society. -This is ofcourse hypothetical but when the next crash hits, this is a good guide to follow. -Could be diversified with FTSE100 and other economically prosperous nations' indexes. S&P500 Historical returns calculator was used in the process of this chart, these can be found on google.
SP:SPXLong
by Sampdm8
Bitcoin/Gold Comparison: Safe Haven Frenzy On the Horizon?This is a message from the past. A couple quick visual notes to suggest a slight resemblance between these two assets and where we may be headed. My guess is that things will get very interesting once Gold breaks the $1,560 range, but who knows. As always, be sure to check yourself in to the nearest ward before consuming this as 'financial advice'. Maybe I will see you there. Just an average fellow here noodling with the charts. With that being said, "Once you see a pattern, you can't unsee it."
COINBASE:BTCUSD
by Ascetic_Rising
1