GOLD CRASH TO 1200 TRADE WARS 2020In the recent months china's wealth has been fleeing Yuan in the fear of virus contagion from cash so they have been acquiring large amounts of gold reserves from offshore deposits.
These same people selling KG for the highest price will crash the market destroying China's economy the trade war has only just begun mark my words!
Don't believe a word I say - Do your own research.
BUY BTC
SAXO:XAUUSD
FOREXCOM:XAUUSD
FX_IDC:XAUUSD
OANDA:XAUUSD
OANDA:XAUEUR
OANDA:XAUGBP
FX_IDC:XAUAUD
OANDA:XAUCAD
FOREXCOM:XAUGBP
OANDA:XAUCHF
FX_IDC:XAUUSDG
FX_IDC:XAUCNY
OANDA:XAUNZD
FX_IDC:XAUTRYK
BITFINEX:XAUTUSDSHORTS
BITFINEX:XAUTUSDLONGS
FX_IDC:XAUCAD
FX_IDC:XAUINR
COINBASE:BTCUSD
COINBASE:BTCGBP
Shortgold
Complex Corrective Wave on GOLD!!!after finishing triangular wave X the price moved nicely in an impulsive manner and stopped for a three corrective pullbacks, now its time again to take Gold into new lows that might target 100%
Fibonacci expansion near 1416$ per ounce.
risk to reward ratio for his trade is awesome since any daily close above 1495 will erase this bearish sequence.
good luck
XAU|USD SHORTApologies for the late Upload, we have only just joint trading view!
We entered a short position on Gold @ 1341.51
SL @ 1350.09
TP1 @ 1270.00
TP2@ 1185.00
REASON FOR THE TRADE:
MN TIMEFRAME - when looking at the monthly time frame you can see a clear false breakout, which has again been replicated, the strong resistance at 1342, was showing reversal signs and failed to breakout beyond this point.
W1 TIMEFRAME - on the weekly timeframe you can again see similar correlation, a very similar pattern forming and has taken place.
D1 - the daily timeframe is probably most clear for the signs of gold, the typical tweezers trying to breakout, and failing at our key levels.
SUMMARY:
Although the view for gold is bullish, the charts do not lie. We have had a lot of turmoil with the ongoing trade war and tariff's, Brexit and many other factors where we have seen investors flee to a safe haven. my overall opinion is bullish, but NOT YET. Although watching BBC makes you feel like the world is going to end, there isn't enough for it to push above these levels. We will be patient with this pair, I personally think TP2 is optimistic, but also possible. We will see if trump does anything else crazy.
Happy trading!
GOLD - THE ONLY WAY IS U... down?Gold looks very bearish along with silver.
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates potential support/resistance .
Green line indicates t/p.
Arrows indicate the overall trend
This is a log chart.
This chart is made using fib channels.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
XAUUSD 4H Short opportunity This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not necessarily be a reason for the success of
the structure or repetition. So please make your decision based on your vision .
To protect capital and manage your deals and trading successfully
the maximum loss in each transaction for the same currency or
commodity in the same direction should not exceed ( 2% ) of the capital .
Good luck >>
Sell Gold when it reaches 1340Hello Dear followers,
I'm waiting the gold to reach 1340 zone to sell because many reason :
- At this level the bat pattern will complete and the price enter PZR ( potential reversal zone )
- The price near the triangle upper side.
- The RSI (relative strength index) indicates bearish divergence on The daily chart.
- Wait there and don't rush to sell now ...
Good luck