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Safehaven

Is the crash the beginning of the safety haven?It is considered a relative drop in gold caused by the rise in the dollar. The increase in the Dow Jones index and Spx500 has resulted in relatively low demand for safe haven. Let's look at the chart! First, the market made a strong break through the black clouds. Right now, the gold market is in its bottom line, and the market is expected to be resisted by the small cloud, which is a sub-trends after a slight rebound. It is a long time to sell right now. Wait for the market to rebound. When forming a new down-wave, it would be better to safely sell at high points to maximize profits. Don't forget that too hasty chase and trade results in a loss! If you helped me with this information, More information is available at www.allaboutforex.net
TVC:GOLDShort
by Allaboutforex
1
XAU/USD (GOLD) "A possible/probable safe haven for your money"..Hi guys! Hope you are all doing well, having profitable trades and hold focus while most markets are crashing. (Crypto, Stocks,..) This post for today is one that I think is very important for you guys to know.. We know that each and everyone who's investing in all kinds of markets is doing it to make profits, go home, live well and enjoy their gains,.. Unfortunatly, that is not the case for everyone, everytime... Well,... what my point is here is that in times of bear markets you want to find your safe haven to store your portfolio. And guess what? It's gold! 1. Gold has been here for centuries, never failed, and is undervalued! (silver is even more undervalued, but that's for another post). 2. iGold (XAU) is in an uptrend. 3. stocks are failing (which I will post later on). (spx500, dji,...) Conclusion: Stock markets are crashing, and they are going to crash a lot more! All indicators are telling us so. Cryptocurrencies aren't doing well, but gold keeps a nice hold in its ascending wedge. The people who are paying attention, see that there is something big coming, bitcoin is gaining a lot of attention (which makes people think about other possibilities to hold "money" or "value" in life. FIAT currencies (and specially USD) are failing due to that fact. Gold, silver and some cryptocurrencies are what you need to consider buying right now because 2018 might be strike nr3 after the crash of 2000 and 2008! A next generation financial crisis is aproaching us and if it hits, it will hit hard! This MIGHT be followed by a switch in the monetary system as we know it as of today... consider it, think about it. SO..! For all people who hold and like to hold some more GOLD: If we don't break ascending support (next few weeks), you have yourself a nice bargain :). Trade: ( for those who trading futures) Buy @ USD $1400 SL @ 1330 TP @ 1750 the 2.5 year downtrend channel was broken and we are now aproachng the end of an ascending wedge pattern. This was something we wanted to share with you guys, please tell us if you don't agree and let us know what you think.. Thanks! Profitable regard, Perspect
FX_IDC:XAUUSDLong
by Perspect
USD/JPY longGiven that Japan is stagflant economy, YEN is safe haven currency so its driven mainly by risk on/risk off sentiments on global markets In case that we’ll see any further escalation of North Korean tensions, we can expect instant downmove – any more serious comments from North Korean officials could trigger that (Markets are already quite used to NK hostile rhetorics towards US/Japan and South Korea), however I dont expect any further military escalation since none of involved country leaders want to be remembered as ones who "stared war" or did not prevent it. Recently we’ve found resistance at monthly pivotal R2 and broke through so depending on fundamental circumstances we’ll continue up given Yellen hawkishnes on US side + we have more US tax reform detail coming up later today at 21:00 CET and I expect all of that pricing in throughout this day. Also note that we have 2 FED speakers today who I believe will reiterate neutral/hawkish stance Currently I expect next significant resistance at R3 near our -27% retracement and TP As always stay tuned to bloomberg, twitter or what have you, since things might change very quickly - as always be safe and protect your capital. Regardless of which side you trade on, have fun!
Long
by Chuck-Norris
North Korea - Risk Off trade over weekendTomorrow is North Korea national day and whether or not they will launch another missile is unknown (and if they do Trump will do something just about as stupid). I'm betting there will be some retreat to Risk off asset such as the JPY. The tricky thing is which pair to pick. I've already had exposure to NZD short and CAD long. My rationale is if there is something wrong with the world, real asset or safe haven asset appreciate, this applies to NZD, AUD, CAD and JPY, not so much for the fiat currencies of EUR or USD. The ECB and Fed are quite Dovish in my opinion, I really can't figure out who's more determined than whom yet though. My plan is to split the bet into Short EURJPY and USDJPY at the same time. EUR has no major news next week why USD has CPI on Wednesday so I may not be able to hold that part as far. On the retail sentiment, JPY is being sold and I can't be more happy to go Long.
Short
by vietbach1990
Gold still looks cheap, when we look at it this wayBeware the appearance of the wave lengths as this is a semi-log chart. As far as historic data allows it, I can count the rallies as impulsive. From the bottom of the chart (251.90) up to I (1920.70), there are $ 1’668.80. Multiplying this by 1.618 ($ 2’700), and adding them to the bottom of II (1046.33), we find a minimum target for wave III at $ 3’746 ! On a shorter term basis let’s do the same to find the minimum target for wave 3. As wave 1 equals $ 328.71, multiplying this by 1.618 (531.85) and adding them to the bottom of wave 2 (1122.57), we find 1’654. Buying now at 1’346 with stop/loss at 1’269 (below top of what I consider to be a wave i) with target at 3’690. Once 1’654 is reached, trail the stop/loss from 1’269 to breakeven (the top of wave 1 at 1’375 shouldn’t be overlapped by the future wave 4). Initial reward/risk ratio close to 31. Once the stop/loss is trailed there will be no risk of loss anymore. So people still not long Gold don’t have missed the train yet, there is still plenty of potential upwards I think. Better to buy it physically and vs USD though as safe haven. As the proverb says: invest 10 % of your portfolio and hope it goes down. Of course it is not real to consider selling on stop/loss a physical position, only because of the spread, so start with CFDs. If the following levels are taken out, my scenario will take shape: 1’532 and 1’921. Start switching your CFDs for physical as this would not be a good sign for the economy.
FOREXCOM:XAUUSDLong
by montanniv
Japanese Yen (USDJPY) May 2017 OverviewWith geopolitical tension rising in the Asia, the Japanese Yen benefitted from its safe haven status in the second half of May, gaining around 400 pips in one week. The Japanese large positive external balance as well as huge international investments have driven yen’s demand even further, which mark the strength at 110 against the dollar – down from May’s high of above 114. Although the country has defeated the long-year deflation, real price gains still remain weak at 0.2% year on year – far below the Bank of Japan’s target of 2%. In the long term perspective, we still expect the Yen to weaken, and potentially driving the USDJPY towards the high around 120.
by KarYong
USDJPY Epic Descending Triangle Breakdown ImminentOANDA:USDJPY has consolidated for a few days already and failed to retake the 112 level. With a series of lower highs, the supply resistance level is slowly going down to meet with the Weekly 200MA support. Its possible it might find support at the Daily 200MA level as it was able bounce off it from the previous downleg. In my opinion it might still test the 111 level one more time before the support finally breaks. Entry: 111.044 Profit: 108.215 Stop: 111.325 Any feedbacks are appreciated!
Short
by SimpleMillennialAverage
2
NZDUSD and a Confluence of SupportsOANDA:NZDUSD looks like its forming a nice floor where a lot of key technical levels and indicators are at. 4H Moving Averages: OANDA:NZDUSD was able to get above key moving averages in the 4H timeframe and it has held well so far. Weekly Higher Lows Trendline: Even after some attempts of breaking the trendline it has held so far and looks like it was able to get back above it The Daily 200MA should provide decent resistance but its also possible that it might still break through it to test the 0.73 level once more Entry: 0.70237 Stop: 0.697 Profit: (tp1) 0.7137 (tp2) 0.73368 Any feedbacks are appreciated!
Long
by SimpleMillennialAverage
2
USDJPY safe-haven play on increased geopolitical risksChart of the day: USDJPY. Safe-haven buying kicked in heavily Tuesday, also giving a boost to other local Asian currencies. Geopolitical unrest levels have risen substantially over the last few weeks: Syria, N.Korea, Russia and this has led to a move to buy those 'safer' assets. Gold, Yen all should benefit from the uncertainty. On the Kagi chart the Yen is now back to mid 2016 numbers, breaking out of the bands, but playing on a key Fibonacci 38.2% line at just under 110, which could offer some resistance. A confirmed break here could see the price noise around 106 targeted, then to the lows just under 100. Any rebound in the shorter term has 112 and 115 in its sights.
Short
by StephenHoad
Reminder: Gold investment idea for the year 2017Gold could be a great very long-term investment entry to hedge against a crash of the "S&P 500" in the year 2017 and beyond, after the election of Donald Trump. Here is my original "Gold" chart I made 5 months ago. The price of my lower entry arrow has been reached, plus the time window has been reached, which is why I publish this reminder. This chart is posted as neutral, because there is not yet enough price movement to the upside to fully confirm this entry signal, plus the time window has just started. So there could be one more dip to the downside before the actual larger rally starts later in 2017. Ideas supporting Gold as safe haven investment in 2017 and beyond: The new US president sleeps only 3-4 hours per night according to his butler and according to his 2004 book "Trump: Think Like a Billionaire". This lack of sleep might cause chronic sleep deprivation, with symptoms including sudden mood swings and emotional imbalance. That could lead to more stock market volatility in the future, which would benefit safe haven assets like "Gold". Trump has appointed more military generals in his cabinet than any president since World War II. This might lead to a foreign policy that is less inspired by civilian ideas and more heavily dependent on U.S. military. In addition the political risks around the world are increasing, as measured by the “Economic Policy Uncertainty” (EPU) index, which scans the entire spectrum of news sources each day for words indicating worry, doubt, and contingency about policy direction. This index has negative correlation with equity prices and a high positive correlation with stock market volatility. In most economies around the world, the EPU index is currently surging. A GDP-weighted average of the EPU indexes from 17 countries has recently hit unprecedented heights—higher than 9/11, Gulf War II, the GFC, or the Euro-Crisis of 2011. Sources: Will Policy Uncertainty Hammer Markets? The “Economic Policy Uncertainty” (EPU) index www.forbes.com Trump's butler for almost 30 years www.bbc.com Trump's potential chronic sleep deprivation www.huffingtonpost.com Trump's admiration of generals www.politico.com
AMEX:GLD
by ChartArt
3