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Yellowmetal

As I see gold for the week aheadOn first analysing the week the initial opening I believe would be to make the1778 resistance level, as seen on the chart this more or less forms a double top, some may deem this a cup and handle, I see a short lived pull back to the 1770 area, (new entry at this point TP:1844), it became evident a copy fractal was starting to form (cf1) on placing cf2 in place, I was surprised the fractal finished exactly at the 1800 price line, cf2 could work, but the resistance level at 1788 is too strong to just break on first kiss, so I see potential retrace to the 1778 support level, then fingers crossed, we should make that touch of 1800 and reaching the top of cf2, I believe the market will range here waiting on a trigger to make a move, I have taken Thursdays NFP as this trigger, the trade at this point would be $20 above main trend line, (see linked chart below), a pull back here should be considered quite feasible closing on Friday around 1783, however I have predicted a further rise closing in the 1817 area, next week may see 1844 with a possible large drop.
OANDA:XAUUSDLong
by JohnLiv
1
PDN T.A.PDN has been in our watch for a long time. Looking from a monthly prospective a possible double bottom is forming. If the break of the neck line occur we expect over 200% rally from current levels. The break of that neckline could also be the beginning of the bull rally that the U-Bulls are waiting for years. In all these years since the last radioactive disaster technology in the industry has improved and become safer. There is a lot to talk regards the U industry. The world is in constant need for more and more energy and Uranium could be the solution. Nobody knows what is going to happen in the future but from a trading/investing prospective we want to keep one eye on the industry waiting for a perfect set up.
ASX:PDN
by TheTechnicalAnalysts
1
Gold Reversal Amid Bearish ButterflyThe gold peaked twice at 1739 and started to fall amid a bearish butterfly formation. Gold continued its bullish stance from the previous week as it climbed steadily in the first 2 trading days last week. After peaking at 1747, a strong pullback took place and price started to fall and lower highs were formed while still supported at 1710. On Thursday, the price jumped and broke through the lower highs but was rejected and smashed down at 1739. The bearish wave continued through and broke below a 1-month rising trendline which was formed throughout the formation of a bearish butterfly. The multiple breakdowns have strongly suggested a bearish stance in this coming week. The best course of action is to wait for a pullback towards the 1711 - 1720 breakout area. An inside bar breakdown has taken place in the H4 chart as the price broke below support level 1710.
FX:XAUUSDShort
by AlgoVenture
1
Gold when markets entered risk-offHi Guys, On Feb 20 markets started to go down due to COVID19. Here I posted some daily screenshots of: SPX, DOW, NASDAQ, DAX, CAC, FTMIB, FTSE, WTI When economic conditions weaken and risk appetite decline, Gold normaly goes up because it is considered by many a safe haven. But the move in Gold did not happen right on Feb 20. Instead Gold went down to find support on the 200SMA before starting the run up into April. To note that RSI is approx to enter above 70 zone which means overbought. However, in the short term, this is a signal of strong bullish momentum IMHO. There is also to note that the move made by Gold from Mar 20 is very similar to the move made by stock markets on Mar 23 when FED shot their "bazooka". However, whilst what happened from A in stock markets is a "bear rally", what happened in Gold from A is a "bull run". GOLD BULL RUN SPX BEAR RALLY Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
TVC:GOLD
by cozzamara
Gold Holds The Shine 🌟👑🌟The precious metal not losing its seat against other assets knowing the fact that uncertainties are still spiraling around the world by that pandemic. Every time risk bets work fine but at end plunge back to what it gained and it seems no reason to hope much from risk bets still and market players aren't leaving their hands off from this precious metal. The precious metal is already in the middle of a climb these days back again, and the ongoing COVID-19 market turmoil could provide additional momentum for a longer-term climb. The flurry of interest rate cuts and stimulus efforts from central banks eventually sparking a divergence between equity markets and gold. Can't neglect the historical financial crisis facts when the bling nearly tripled its value from $700 to $1,900 . What do you think we are facing right now? Thanks for reading my idea fellow traders if it added some value in your trading please do support with likes and follow so I can bring such interesting post again for you.
FOREXCOM:XAUUSDLong
by Anatta0
Yellow Metal Losing the Shine?It was fishy already the moment when I realized how people being greedy over equities TVC:SPX | TVC:DJI . Knowing much of major steps already taken in action from global governments and central banks all those honchos working together to save their own country equally from this pandemic created financial crisis let me think at least once that something is coming better for the future even if it's not soon but later for sure! I have already realized some good changes around which I don't like to mention here but take it optimistic for now and know that the shine of this yellow metal may no longer be brighter then past if the whole world are about to contain this virus inside a box!
FOREXCOM:XAUUSDShort
by Anatta0
5
Yellow Metal Bilateral Chart PatternsThe symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle. The market is making lower highs and higher lows which means that neither the buyers nor the sellers are pushing the price far enough to make a clear trend. This is also a type of consolidation and two slopes get closer to each other, it means that a breakout is getting near. We don’t know what direction the breakout will be, but we do know that the market will most likely break out. January 14th, 2020 based on CFTC non-commercial were reducing their long position after hitting above the extreme level and they were profit-taking but they also reduced their shorts that stabilized price somewhat at the high in the weekly chart. Global risk appetite might somehow be affected by china's natural disaster (virus case) which affected not only humans but various financial markets around the world which hit the risk-off mode situation through the international market couple of weeks. Falling equities, rising Treasurys and safe heavens like the greenback, yen and yellow metal taking most advantage. Seeing the risk currencies like Aussie, euro, pound devaluation which totally indicated to us the overall market situation at the moment but this all should be temporary and soon or later we may see back good risk appetite on the global market which may flip back this all case in no time.
FOREXCOM:XAUUSDShort
by Anatta0
GOLD: Thermometer of World Economic Sentiment (II)Hi Guys, the narrative of this post is the same applied to my post dated April 13, 2019 (below) Financial Crisis have driven Gold price up. CBs around the world have responded by implementing policies aimed to stabilize the financial System. The run started after the collapse of investment bank Lehman Brother when Gold retraced from 1032 to 730 in 2008. It took three years to get to 1920, then...profit taking in Sept.2011! In 2012 skepticism was surrounding the policies implemented by CBs and for 18 months Gold was supported at 1570/1550. Finally at the beginning of 2013 demand for safe haven dropped and Gold dived to reach 1046 in 2016. After 4 years since 1046, Gold is now back at 1570/1550, previous support between 2012 and 2013 now become resistance. Click & Play the followings to watch price unfold For additional infos about Gold please refer to the related ideas linked at the end of this post. If you have any questions or comment to add please do not hesitate to post it. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
TVC:GOLD
by cozzamara
Gold is cruelHi Guys, It's Dec.24th, Christmas Eve, and Gold has just crossed the descending trendline of the following chart ( Click & Play it to watch it unfold ) The breakout have written "buy me" all over it. It could easly climb back above 1500 considering the current bullish outlook. There is no doubt that such a move will attract lots of buyers aiming for highs above 1560. I was expecting a drop in Gold when US and China announced Phase One of the Trade Deal on Dec.13. I was bearish on Gold when UK elections delivered a conservative majority. I thought these factors would have removed uncertainties and favoured risk appetite therefore away from safehaven. But they did not. Gold resisted well at all these bearish forces including NFP above expectations and it has breached the descending trendline right on Christmas Eve. Could Gold have done it last week instead of moving in a 6$ range? ( Click & Play it to watch it unfold ) No. The yellow metal had to wait Dec.24 before making a move. Is it a Christmas present for those who take profit or an opportunity to position long for a prosperous 2020? 2019 has been a great year for Gold already. Since year started Gold made two bull runs without consiering the run made in the last three month of 2018. IMHO it may be a good time to retrace such rush as it did when Gold corrected the run made in the first half 2016. Current outlook may turn around in 2/3 weeks, converting itself in a bulls trap like it happened following Trump's election. The move IMHO may be triggered if and when Phase One of US China Trade Deal is signed mid Jan 2020. In the meantime expect a lot of Tweets from Trump. LOL For additional infos about Gold please refer to the related ideas linked at the end of this post. If you have any questions or comment to add please do not hesitate to post it. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
TVC:GOLD
by cozzamara
4
ORBEX: Gold Impulsive Upside Could Lead to Triple Combo!Gold's upside move could end shortly, forming an intervening wave x that could be followed by either an ending zig-zag or an ending triangle pattern. The successful correction could turn the current structure into a triple combination! Look for potential invalidation above 1519/oz. Trade safe Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
FX_IDC:XAUUSDShort
by Orbex
2
Gold: Just a snapshotHi Guys, just a snapshot. Interesting to see how differently Gold reacts to FED policies. At the end of 2015 FED started hiking (Gold in 2016: www.kitco.com) In 2019 FED made three cuts. But in both occasions Gold always made a run. This is because Gold react on the impact that FED policies have on the economy and especially as an INSURANCE POLICY vs impact of rising tensions between US and China. Whilst rates hike were seen as negative or dangerous for the economy in 2016, now rate cuts are seen as a positive boosting factors for the economy. But if this is correct, why is Gold not dropping yet? Maybe waiting for the US-China Phase One Deal to be signed in mid Jan'20? For additional infos about Gold please refer to the related ideas linked at the end of this post. If you have any questions or comment to add please do not hesitate to post it. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
TVC:GOLD
by cozzamara
Gold: just an optionHi Guys, here just some thoughts. With US equities in Christmas Rally mode I am not confident the descending trandline will be crossed. However, since Gold is a commodity and not only a safehaven, maybe the chances are higher then I'd expect. TO NOTE STRONG RESISTANCE AT 1480 (last week Gold was rejected 5 times at this level, one for each day of the week) For additional infos about Gold please refer to the related ideas linked at the end of this post. If you have any questions or comment to add please do not hesitate to post it. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
TVC:GOLD
by cozzamara
Gold: week ending just some infosHi Guys, At the end of last week risks such as Brexit and US China deal faded but Gold didn't react as many were expecting. Gold has been ranging between 1474 and 1480 since Mon. Two fake breakouts occurred on Wed and on Thu. The 20BB tries to capture this week's range inside above levels. If we consider that Gold reached 1550 with FED cutting rates I do not expect price to aim above in the short term, whilst I do favour an extension of the correction. However ths is not happening despite improved climate in respect of Brexit and US China deal. If you click & play above chart, price is not following narrative and formed what look likes a triple bottom whith higher lows pushing into resistance. Why is Gold acting like that? If you click & play the below chart you will note how Gold runs into resistance with bullish bias. Will it be rejected or will it manage to breach it? Will it consolidate above and keep running or will loose momentum and resume it's fall to extend the correction towards 1445? Just for information please note that I've been working on this chart all week and posting snapshots in the chat. The majority of snapshots have been posted in the updates of previous idea too if you want to have a look at them. For additional infos about Gold please refer to the related ideas linked at the end of this post. If you have any questions or comment to add please do not hesitate to post it. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
TVC:GOLD
by cozzamara
2