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Safehaven

Gold's Goal: New All-Time High / $2K+ in 2024My expectations for Gold are coming along just as expected for the most part, barring a few micro level invalidations. Last Fall, I expected Gold to dip below the level of $1680 before finding support on its run to a new all-time high. Even during this time, I predicted as can be seen at the top of the following chart (if you drag it down) that the new all-time high would land near $2415 . That drop has been accomplished and the pump is very well underway . My most recent macro prediction suggested that Gold would retest the lows of $1700 before pushing up towards $2415 . Due to the height of Wave 3 extending more than expected, I am sharing this updated markup, though the target range has only slightly been adjusted (by less than $40). Analysis is not always a set and forget it type of task. As good analysts, we have to balance being both proactive and reactive. When the proactive output finds invalidation, this is when we adjust and fine tune our expectations. The principles of Elliott Wave Theory makes this a repeatable and very logical process but only when applied correctly. Many have given up on discovering validity in this theory. I have not and am determined to master it at the highest level(s). Thanks to all naysayers and doubters of what I do. You have absolutely 0 chance to penetrate my judgement and you only drive me to become the best. I sincerely appreciate you! For all others, be sure to hit the 🚀 button and leave your comments below. More importantly, stay safe and don't drown!
OANDA:XAUUSD
by DigitalSurfTrading
Alot of evidence to be Fearful. [ 1.05479 ] 🔊With price action evidence showing us of great sell pressure on risk assets. With Evidence of a renewed bullish strength on safe haven assets.. With evidence of institutions exhibiting bouts of worry and uncertainty. When the Enemy flinches, you have already won the battle. I like buying safe haven assets during this time of higher than average inflation. The Financial system showing signs of weakness. Everyone doubting crypto. Countries and Groups releasing plans of creating a digital currency. Creating their own currency. I struggle to be optimistic on the economy. GDP and production seeing sacrificed at the alter , firsthand. Anyways enough said, looking lower here.
Short
by ShrewdCatfx
2
GOLD - Potential Buy Setup - Analysis #2/50Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on WEEKLY: Left Chart GOLD is retesting a support zone and round number 1800. So we will be looking for buy setups on lower timeframes. on H1: Right Chart For the bulls to take over, we need a momentum candle close above the last major high in red. Meanwhile, until the buy is activated, GOLD can still trade lower till the 1800 support or even break it downward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
3
GOLD : What Drives the Price of Gold ?OANDA:XAUUSD Gold is highly sought after, not just for investment purposes and to make jewelry but also for use in the manufacturing of certain electronic and medical devices. As of February 2023, the price of gold was more than $1,870 an ounce. While down around $100 from a high posted in April 2022, it is still up considerably from levels under $100 seen 50 years ago. But what factors drive the price of this precious metal higher over time ? KEY TAKEAWAYS 1 Investors have long been enamored by gold, and the price of the metal has increased substantially over the past 50 years. 2 Not only does gold retain additional value, but supply and demand have a huge impact on the price of gold—especially demand from large ETFs. 3 Government vaults and central banks comprise one important source of demand for gold. 4 Gold sometimes moves opposite to the U.S. dollar because the metal is dollar-denominated, making it a hedge against inflation. 5 Supplies of gold are primarily driven by mining production. Conclusion : Gold Is a high Value Asset , Which Can be Hedge Against Growing Inflation.
OANDA:XAUUSDEducation
by INVESTRONE
GOLD - Shift In Momentum In Action! 🥇Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on WEEKLY: Left Chart GOLD is approaching a support zone and round number 1800. So we will be looking for buy setups on lower timeframes. on H4: Right Chart XAUUSD is bearish from a short-term perspective trading inside the falling red channel. 🏹 Trigger => for the bulls to take over, we need a new swing high to form around the upper red trendline and then a break above it. Meanwhile, until the buy is activated, GOLD can still trade lower till the 1800 support or even break it downward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSDLong
by TheSignalyst
26
GOLD - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on WEEKLY: Left Chart GOLD is approaching a support zone and round number 1800. So we will be looking for buy setups on lower timeframes. on H1: Right Chart XAUUSD is bearish from a short-term perspective trading inside the falling red channel. 🏹 Trigger => for the bulls to take over, we need a new swing high to form around the upper red trendline and then a break above it. Meanwhile, until the buy is activated, GOLD can still trade lower till the 1800 support. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
13
Where are stocks going?I am presenting the difference between SPX (top pane) and SPX/major safe heavens (middle pane; spread graph). The pane below portrays the correlation coefficient (CC) in rsi values between the main spread graph and traditional safe heavens. Skip to the last paragraph for my forecast speculation if you are familiar with advanced spread graphs! This graph aims to measure the true nominal & intrinsic value of the U.S.'s largest equity indices (Nasdaq and S&P 500) by pinning their value against historic prices of safer alternative investment instruments, to account for capital outflows to other assets (not just USD or other fiat). CC - peaks in correlation imply trend reversals, specifically indicating the beginning of capital outflow from safe heavens to equities (and vice versa). Combining this indicator with the RSI (white line) of the spread graph may suggest the potential direction of capital flows. Forecast: Bearish signs: break-out of the current interest rate trend (figure below), last decade's heavy use of Quantitative Easing (QE), wars, repetitive waves of Covid, new world order (progressive decline in the importance of western currencies and stock exchanges) Bullish signs: recent unexpected strength from bulls, successful monetary policies against inflation, persistent adaptation of green & sustainability functioning (in comparison to the world), overall extremely oversold technical indicators Figure 1: The CC of interest rates movements with safe heavens indicates a potential direction for equities in general, which matches with the main spread graph (all shown by arrow paths). These predictions align with the outcome of the spread graph's 2004 aggressive interest rate hikes. In case you would like to utilise the spread graph formula: SP:SPX*TVC:IXIC/(TVC:DXY*10000000000000/FRED:M2SL*NASDAQ:XAU*(SP:SPGSCI-NASDAQ:XAU)/10/(TVC:US10Y-TVC:US02Y+TVC:US30Y-TVC:US10Y+2)) otherwise, zoom out Thanks for your time!
SP:SPXShort
by Sanzhar_m
4
BTC accumulation phase spring or a massive bear rally ?Hello, It will be a quick one as the chart says it all. Basically, I think the current setup looks a lot similar to the price action we saw at the end of 2018 and the beginning of 2018. 1. BTC made three consecutive lower lows on the 1-week chart, consolidated for a bit then made a new low which was the final one. We saw the same think happening the 15 months. 2. The RSI hit an oversold area around the same level as the one from 2018 while also printing a bullish divergence for the first time ever for BTC (or at least I could not find any older). 3. Volumes increased above the average between the 3rd and 4rd low on both occasions. 4. The price of BTC hit the long-term diagonal support and used it to rebound on both occasions. 5. BTC broke above the 21-period EMA with a solid green candle back then and now. The time of the green candle that broke above the short-term EMA found the RSI in the exact same state and place on its chart as back in 2019 I think it is quite possible we see a significant rally at least up to the first downtrend correction near $46,800 before a significant pullback. This will be in line with the 2018/2019 rally, also relatively similar in terms of percentage growth. Such a move will be normal in the state of disbelief, but it does not exclude a new low afterwards just like it was the case back in 2019/2020. So the "recession" and "long bear market" scenarios can still come to live. Let me know what you think in the comments
Long
by FutureBlockchain
3
GOLD - Trend-Following Buy Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. 🗒 GOLD has been overall bullish trading inside the blue rising broadening wedge pattern. Moreover, the 1900.0 level is a strong support and round number. 📌 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower trendline in blue acting as a non-horizontal support. 📉 As per my trading style: As GOLD approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSDLong
by TheSignalyst
10
SILVER - Still Bearish? 🥈Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. SILVER has been overall bearish trading inside the red falling broadening wedge, and it is currently retesting the upper red trendline. Moreover, the zone 25-26 is a strong resistance zone . 📌So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper red trendline. (acting as non-horizontal resistance) 📕As per my trading style: As SILVER is around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) “Although gold and silver are not by nature money, money is by nature gold and silver.” – Karl Marx Always follow your trading plan regarding entry, risk management, and trade management. Good luck! 🗒All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAGUSD
by TheSignalyst
19
GOLD - Around Strong Resistance! 🥇Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. GOLD is overall bullish trading inside the rising red channel, however, it is currently retesting the upper red trendline. Moreover, the zone 1870 - 1900 is a strong resistance zone . So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper red trendline. (acting as non-horizontal resistance) As per my trading style: As GOLD is around the upper purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSDShort
by TheSignalyst
10
SILVER - The Fall of a Balloon! 🥈🎈Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. After an aggressive bullish movement late 2021, SILVER has been overall bearish trading inside the red falling broadening wedge , and it is currently retesting the upper red trendline. Moreover, the zone 25-26 is a strong resistance zone. 📌 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper red trendline. (acting as non-horizontal resistance) 📕 As per my trading style: As SILVER is around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! 🗒All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAGUSDShort
by TheSignalyst
13
GOLD - Potential Short-Term Reversal!🥇Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. GOLD is overall bullish trading inside the rising red wedge pattern, and it is currently retesting the upper red trendline. Moreover, the zone 1830 - 1845 is a strong resistance zone. So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper red trendline. (acting as non-horizontal resistance) As per my trading style: As GOLD approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
17
XAUUSD BULLISH TRENDGOLD is also known as the standard for safe-haven assets, we can see a trend line that is serving as a steady uptrend resistance line, as the war, recession fears, and inflation still going strong we have all the supporting factors to keep that growth. We registered $130 in the last 3 months and we are still far from a conclusion on the war and economical recovery anytime soon. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
OANDA:XAUUSDLong
by legacyFXofficial
Gold Facing ResistanceGold has reached our target of $1770, and as predicted, is having trouble with this level. We are running into resistance as we push toward a previous value area. The price action is rounding off and the Kovach OBV, though still strong, is tapering, suggesting that we will range or retrace. A significant retracement could take us all the way back to $1720, or $1705, the base of the sickle pattern. As an intermediary target, $1735 is about the 50% Fibonacci retracement, and this would also be reasonable. If we can break out again, anticipate resistance in the $1780's.
COMEX:GC1!Short
by quantguy
1