Gold Price Analysis after Trump contracts coronavirus The world is in shock after President Donald Trump tweeted that he tested positive for coronavirus. Stocks markets fell, and gold finally broke free of the correlation with equities and advanced above $1,900.
The bombshell development continues grabbing the headlines and casts questions about fiscal stimulus, the elections, and other topics.
As investors continue watching the latest developments, how is the precious metal positioned?
Looking up, gold faces its first noteworthy cluster of resistance at $1,910, which is the meeting point of the Bollinger Band 4h-Upper, the previous daily high, the BB 15min-Upper, and other lines.
The upside target is $1,928, which is the confluence of the Pivot Point one-day Resistance 2 and the PP one-week R1.
WAR
A big hungry BEAR is coming for long time - BTCUSD - all marketThinking about future, it looks not good. National debt is growing to unthinkable values. People are loosing jobs. Most markets are in a bubble and are growing faster than ever before. Oil market falls to zero. And especially, all bigger investors are selling their stocks, their realty, their companies. Why? They know, what is coming? A war? A pandemic? A real pandemic? Who knows. But, it looks not good. All market, worldwide. Include Gold and Bitcoin.
Economic & Monetary news N° 14> Powell set to deliver 'profoundly consequential' historical speech in a few hours, want to avoid becoming jp 🚀
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Not in any FX right now, but using my sucker broker guaranteed stop or kickout options maybe it is possible to play this on both sides?
You know I think the USD will make 1 big candle then go the other direction, I have some pairs I am watching been waiting for a while. Better be ready tomorrow.
"Profoundly consequential and risk-friendly move to soft inflation averaging at the Fed’s upcoming September meeting"
So... alot of consequences but no move? XD
Well we will see. Interested in USD reversal and/or a new trend.
Also have to remember to go to forums see how many gamblers are doing "daytrading TA" with no clue what is going on, there are probably also a bunch of ideas from "experts" on tradingview ^^
ECB must be very worried they might start losing the race to 0 :)
> STUDY: Signaling virtuous victimhood as Indicators of dark triad personality. We are back in the dark ages 🤦♂️
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Who would have thought?
Dark triad personalities are narcissism, machiavellianism, and psychopathy. All the finest stuff.
pubmed.ncbi.nlm.nih.gov
www.gwern.net
By the way if you did not know research papers are free, if there is a paywall by a site you can access the article elsewhere and as a last resort you can ask the author for it by e-mail.
We wouldn't want to overwhelm them with requests, but my little finger tells me there are 3 to 4 people on the whole planet that do this.
The rest of humanity is too busy believing in hoaxes, watching CNN, and so on smh.
Welp, America is falling into an absolute cesspool. The middle ages are back. Let's see how fast they go from an image of advanced rich liberal country to a supersticious group of villagers straight out of the simpsons.
Witch-Hunters are getting more and more mad, oh they amusingly tried to harass bikers. Did not end up well. Haha!
There have been clashes between suburban population and witch hunters.
Witch Hunters are acting less and less "science friendly", funny coming from people that were mocking people skeptic of climate doomsday calls and comparing them to flat-earthers and "science-deniers".
Reminds me of the church. Over 1000 years ago "These pathetic pagans are supersticious idiots, come to us rather. Witches do not exist. Their culture is primitive they think garlic scares spirits away".
A few centuries later "YOU ARE GUILTY OF WITCHCRAFT. BURN THE HERETIC WITCH".
Mainly ugly girls struggling to get a man accusing them. All supply & demand, the male gender contains a vast amount of complete idiots, 50/50 if they'll live to 25, only recently governments prevent natural selection, that plus the millions of male illegal immigrants coming in, but for all of history until recently sucks to be a woman.
#BLM. Blackmetal Lives Matter.
At least with actual witch hunts there was a logical supply-demand reason... What is the reason now? Soros mad he got liquidated after Trump election?
> Torn by ethnic cleansing, South Sudan ran out of FX reserves and cannot stop their currency going to zero 🐻
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Their troll currency went to zero in 2016 then flatlined. Looks like another jump to zero is coming soon.
The chart is not on tradingview but you can find it elsewhere easilly.
I have an idea about race wars but idk it is pretty taboo so I'm in no hurry. But the race wars are starting even outside of Africa, which is by very far the most genetically diverse place on earth. Africa is going to go boom. No one will be able to deal with the refugees.
Different people never manage to live together. It is how it is. They can still have good relations, each in their country or state.
Dum dums can go with their heart and believe in miracles, I will go with the 100% hitrate proven and tested reality.
Europe is full of muslims, but they quickly stop caring about their previous country culture, and the genetic distance between ethnic christians & muslim is non-existant, they're so close you'd think they are inbred. Should not be a huge deal. Blacks thought... It is how it is.
> Greece Turkey angry at each other, world war might come soon, EU still baghodling Greece "more stimulus" 🐻
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Erdogan: No compromise no concession we will never step back.
NATO has ships all over the place, defending their bags in GREECEQ. Maybe we should "lend" them more money.
USDTRY looks like it is ready to soon go vertical.
Erdogan gave a speech at the occasion of the Turk victory over Byzantine like 1000 years ago.
I piss myself when I see those, because it reminds me the "turks" are just so delusional and actually think they really are turks.
What happened to the previous population? Vanished into space? Why do turks look caucasian not mongol? Why do dna tests say 45% European 40% middle eastern 15% Turk 100% delusional? 😂
People are having absolute existential crisis as cold hard evidence is adding up and going in the opposite direction of their absurd obviously false dogmas.
> So one of my broker is allowing up to 1000 leverage to retail in France (AMF max is 30), via a weird option 🤔
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I read the ESMA pdf a while ago and they allow this, not sure if the AMF does too, they are pretty incompetent they might have forgot, or whatever they said they just continue the ESMA rule after all.
This broker has been making it hard for me to place regular trades, they force guaranteed stops and now those (not all the time but often) are 50 ATR wide something completely ridiculous. Big min orders and all too, and none on their casino options, like they really want people to go there.
Those are not very transparent, I can't see what the fees really are simply, and the listing changes all the time and I have to manually calculate the underlying price and re-calculate every time they change which is all the time.
They sent me a mail presenting their new "calculator" that does this, I have no seen it on the site yet maybe not live maybe hidden somewhere did not really insist.
900+ leverage... So that's a stop of 0.10%? And how much of this are spreads?
I like liberty but this is just dumb. They'll always find ways to go around the system. The casino is open for business. Thank you for playing.
> Airbnb struggling, launches an IPO, W Buffet adviced Brian Chesky To ‘Get Rich Slow’ (and legally I believe) 👜
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Airbnb trying to take advantage of the bubble top fomo, with an IPO clearly targetted towards uneducated retail investors.
Years ago Buffet adviced the CEO to go more slowly, and he slowed down operations a bit.
Now that the company had the worse period ever it is time for the CEO to scam gullible investors to keep fuelling his lifestyle - er I mean it is the perfect time to launch an IPO and take his company to the next step.
CNBC Jim Cramer is calling it a steal and basically saying noobs should buy.
Well at least it does not sound like a complete scam as a business, they're just going to take some sucker money off their hands at the peak of the bubble.
USOIL and the War effects.Hello, traders.
In this analysis can see a big downtrend on USOIL, in this moment, the value is not having the best days, the Coronavirus effect and the comercial war between Russia and Arabia will give to us a new LL, as you can see, the structure is very bearish, so we will wait before the fall a confirmation to the entry in the value, this confirmation could be the retest in the last broken Double Bottom, so put an alarm there to get the best entry!
Good luck with your operations this week, have a good risk managament and be careful with the volatility.
Incoming rocket are you ready for big move up to 21$ ? Okay as we know silver has completed an impulse move followed by an almost completed WXY pattern
gold silver ratio is at all time highs and about to fall .
our trade date is Monday night. 2nd march entry price as close to 16.00$ as possible.
SL can go around 15.7$
our take profit date is Monday 9th march. end target around 20-21$
good luck and happy pips
OIL PRICE WAR..Saudi Arabia/U.S/russiaThis weekend Saudi Arabia dropped the oil bomb. It not only cut its forward crude price to Chinese customers by as much as $6 or $7 per barrel but is also reportedly looking to raise its daily crude output by as many as 2 million barrels per day into an already oversupplied global market. Look out below.
The move by the Saudis is both a market share grab and a loud signal to Moscow that it’s done playing games. The dramatic action is in response to a contentious and ultimately failed, OPEC meeting in Austria on Friday. OPEC members laid out a proposal to further cut oil output quotas by as much as 1.5 million barrels per day.
OPEC itself was aligned on the deal, but non-OPEC member Russia said “nyet,” effectively killing it. A source inside the negotiations tells me that as the two sides worked out production cut plans, in the end, the “red lines weren’t even close.” The source added that the Russians “definitely don’t want to continue to support shale” at least in part because the Rosneft sanctions were still “too raw.”
XAUUSD ultamate planGold is making a minor retracement we can get ready to buy again as there seems like no chance of hostilities in the middle east lessening in fact it looks to be getting worse. ( if u guys want I can post info on the war like links and meetings if anyone needs it just comment).
if for some reason war stops gold will drop all the way back to where it started.
XAGUSD SilverUSDAfter all the exuberance from war dreams, silver is taking a breather. Short term traders are taking profit, while large systems accumulate real silver at a continued bargain. I expect some consolidation; might as well slowly buy into these lows.
This is not trading/financial advice.
USD bearish against MYRIn a monthly time frame, it is clear that the pattern forming descending triangle and forming double top inside the major pattern. Although the major trend
still uptrend, but the price move near the support line with the RSI 40%.
After breakout double top pattern, the price might be pullback to the breakout point and wait for bearish price action to short, thus, set the 1st TP @ 3.8556, 2nd TP @ 3.7364, 3rd TP @ 3.5567.
In terms of fundamental, USD bearish due to few crisis such as US-IRAN war and US-China Trade War.
DISCLAIMER: THIS IS OPINION BASED ON MY PERSPECTIVE. FOLLOW AT YOUR OWN RISK.
Dow Jones head and shouldersLooking at the unfolding events so far between USA and Iran, it seems like tensions are escalating and the fear of war becoming more pronounced. Last week we saw massive gain in safe havens and news over the weekend are not reassuring.
Technically, we could start seeing a H&S pattern with RSI divergence. Looking at earlier entries here to minimise risk, since one positive bit of news could send the market flying. Tomorrow waiting for the White House and Iran announcements for further direction.
Good Luck!
Not Big Move Yet in Altcoinsthe thing that makes me to wait to see altcoins moon again is that i'm really bullish on bitcoin. i think bitcoin will break all resistances in 2020 and my reason is halving. i see again these patterns repeat themselves over and over again.
-see some bullish move on altcoins
-bitcoin to start to move up
-and when bitcoin moves up nothing happens to altcoins and whenever it retraces, altcoins start to bleed.
so the best scenario for altcoins is that they start to move up from here but in a low slope manner then when bitcoin reaches a new ATH then start to moon.
so the best place to put your money in these day of tension in middle east is BITCOIN i'm seeing a correlation between fundamental reasons and technical reason behind this future bitcoin rally that is about to start very soon!
War = bitcoin moon
because everybody in iran will leave country with their bags full of bitcoin and i see a price separation inside iran from dollar to rial in pricing bitcoin. let me explain
in iran bitcoin price is measured by dollar for example if USD to IRR Exchange rate is 140000 Rials and bitcoin price is 7000$ then bitcoin price here in iran will be 980000000 Rials.
but it exists with a low volume and low liquid manner. because the bitcoins existed inside of iran is very low, why i say that? i say that because 2 mounth ago we have our internet disconnected from world so all inside the country miners all shut down but nothing spectacular happened to bitcoin hashrate and also here in iran people do not have a international bank account to buy bitcoin from bitstamp or coinbase neither they are allowed to do that because of sanctions of US. so only bitcoins that exists in iran comes from domestic miners. these arguments together with high spreads in domestic crypto exchanges around 3% (yeah 3% spread!!) in iran proves me that the amount of bitcoin in control by iranians is low compared to the demand of it.
i'm predicting bitcoin price to take off in iran and get it's own way separated to USD and will be explosive.
i have read some articles about this before but they are non-sense because they look at official exchange rate of USDIRR from tradingview or anywhere else but it's not true, the thing is you can not in any means buy USD for 43000 Rials inside of iran. right now that i'm writing this idea the actual exchange rate is around 139700 Rials. so do not get confused. for anyone outside of iran it is hard to find open market price because we don't have well established markets here for currency trading. it is traditionally traded thing and the charts are not appropriate.
these things together makes me think that a bull market will be triggered soon by these tensions and my reason is fundamentally valid. and technically i see signs of it considering big rally to 14K and it's big retracement to 6.5k. now is the time to buy. don't hesitate. bitcoin will be explosive, you will wake up every day and you will see bitcoin increased 2000$ every single day! of course with retracements! i was kidding but something like that.
so to everybody inside iran i suggest to buy bitcoin right now when everybody start to buy you will not be able to load exchanges websites!