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Xaucnh

Gold expressed in Yuan: Trend is up in the quarterly timeframeBut due to retrace here likely...The retrace to come will be a great buying opportunity in Gold, the Yuan chart is an interesting way to look at it, given the activity of chinese capital flows. I'm following the Hong Kong activity closely, specially interesting to observe developments regarding the extradition laws in the former British colony. Recently, protesters dissuaded the government to move forward with this law, so for now, things didn't escalate, but I'm sure chinese money is likely to flow out of the country gradually, towards gold and possibly crypto, before things get harder for them to escape via HK. Keep an eye on this chart, a retrace in it will bring a great trading opportunity, and it will likely occur once commercial gold traders approach net long or flat positioning once again. See related ideas for more info. Cheers, Ivan Labrie.
FX:XAUUSDLong
by IvanLabrie
Gold Harmonic based on U$D is fake harmonyAfter deep study looks like this oscillations in XAUUSD is based on XAUCNH , the gold based on the Chinese Renminbi Currency Offshore , SaxoBank advisors stated same. There is another resistance as shown , this is the base graph for harmony , rest is DXY based for what Trump tweets , obviously trade war not in favor of DXY , they have been long awaiting and appeared to be crashing , the confluence is "Scary Long" something like 1400 and it happened before in history in short time , Now notice also Gold is not long term safe heaven , BTCUSD is , so hot capital is going on daily level to BTCUSD in case of day crises , but big crash will go back to gold (Since US treasury yields are also crashing). 2019-H2 is correction half,
SAXO:XAUCNHLong
by Real_Adel_Y
GOLD - Bullish wedge formingWE expect US dollar to fall and the bond market to be propped up to force money into stocks and push stocks higher If gold falls --> Dollar go up --> the whole world falls in terms of fiat purchasing power --> Chaos Will they kill paper gold once and for all and make the world's fiat burn? Phenix rises? Debt has risen since 2011 why has gold and silver gone down? Fundamentals --> The market will return to fair value and the % increase in gdp to debpt should correspond with increase in gold if when paper manipulation ends / gets overwhelmed
FX:XAUUSDLong
by thefreedommatrix