Goldbuy
Gold / Long SetupThe price action suggests that gold traders are a little more locked on the U.S. Dollar this week. After a promising start, the greenback has drifted mostly sideways to lower, and is in a position to post a slightly lower close for the day .
Meanwhile, gold has mirrored the move in the dollar. With the dollar’s early spike to the upside, gold plunged, but when the greenback started to flatten out, gold traded higher to flat.
The price action also suggests that short-term gold traders may be a little confused about how to play the stalemate in Washington. Many were betting on another round of fiscal stimulus by now from Washington, but with Congress taking a break until the U.S. Labor Day holiday, it looks as if there may not be a federal government aid package until at least the first week in September.
Meanwhile, the longer-term bullish outlook remains intact. Massive money-printing by central banks, an ultra-low interest rate environment and worries over the economic fallout from mounting coronavirus cases, this all is in Favor of Gold.
Additionally, the Fed’s recent gloomy assessment for the economy is very supportive for gold. Recently, policymakers warned U.S. growth would be muted until the coronavirus was contained.
Anyway i got 2 zones were i am willing to Buy .
Good Luck .
Gold - preparing for a move upwardsHi all traders.
Gold on h4 is showing as a potential inverted h&S confluence with 200ma with rsi pointing in the upwards direction.
With so many confluence, the possibility of a strong move upwards by gold is possible.
If neckline is broken , we will see some bull strength and for further confirmation, trend line must be broken.
GOLD (XAU) ORDER BUY OR LONG (PENNANT PATTERN) UP TO $2280GOLD , We just went through a huge bull wave in gold, the question is is it over? My personal answer is not yet .
Gold is making a little quick adjustment to form a potential bullish pattern "Pennant" .
- Please note that purchases are not allowed if the price is not already in the $ 2010 range.
GOLD (XAU) : order buy : $2010
GOLD (XAU) : target : $2280 +-10
After purchasing the stop loss depending on your campaign, I usually only accept a loss of about 10% per trade. , thanks !
GOLD W3 AUG 2020GOLD W3 AUG 2020
We're safe to say that Gold is consolidating after a huge drop of approximately 10%/2000pips in just 5 trading days. As I have mentioned countless times: Gold is a commodity to have a much better risk to reward ratio in longing than shorting.
Daily A doji like candle followed by a confident bullish candle which closed above the doji wick indicates that buyers is still in control. Many would say there was a bearish engulfing and three black crows before the bull candles. Hence neutral bias at the moment = consolidation.
H4 Price has tagged the 200MA on the 4 hour timeframe.
If price were to break below 1912-1916 (below the doji) 1750 would be an interesting area to go swing long. 1750 is also the 50% fib area, pulling from 1455 lows to the 2075 highs.
Only Safe To Long The rise in gold is being driven by many deep market factors. There is a strong drive to industrialize by all nations, there is a space and technological race developing between nations, also covid is accelerating this trend with fiscal stimulus from all nations. New (millennials) and life long value investors (Baby Boomers) are converging in a self supporting trend. There are many forces driving this trend forward, too many to mention, but this is a terrible time to be anything but long on Gold, it's next to impossible to predict a bottom or even a leveling out in these conditions.
Will Gold XAUUSD Reach 2K? Now let me take you through my thought process on what could happen.
Market opens and we get the drop I expect and it moves to target, you'll notice the target is not 2K and that is because I'm interested in securing profit and anything under 2K but above the recent highs is good for me.
My stop is at a level that would indicate a break in structure and if it gets hit then short opportunities would be on the table.
I will update as necessary.
Hope you enjoyed this idea, please follow for more trade ideas for currencies and commodities.
The Big Swing Update #3 The Great Battle So the time draws near, Day by day we get closer to our targets touching them 1 by 1. After some bearish pressure here and there it seems apparent the bears just are not powerful enough for this Alpha Asset. Keeping above 1930/1940 we managed to maintain a back and forwards tug of war consolidating between 1940/1970 but after a rolling 3 day negative impact on the dollar with further impact ahead we can see xau/usd possibly touching 1990 today after the Michigan consumer release otherwise if we cant hold above 1980 today we could possibly see a further consolidation zone until next Friday when the ever famous Non Farm Payroll takes place. It is apparent that the bears can not push and keep below 1930/20 but if so i wouldn't be surprised if 1870 was then in there cross hairs. The Bulls may have won the battle, But have we won the war ? #goldvsbitcoin B1GFUDG3 OUT!
Disclaimer: I am not advising anyone to take my trades nor providing market direction or certainty i am simply sharing my partial analysis and knowledge for you to make your own decisions and analysis. Always do your own analysis and use correct risk management. Much Love. Trade Safe.
The Big Swing Update #2And so it has begun, TP1 HIT, TP2 HIT. TP3? Coming Soon, Stay Tuned. SO many people still shorting, I wonder how many stop losses its taken out in the past week alone...As im typing the safe haven asset is creating new higher highs. 1950,1960,1970,....Will it ever stop ? Could XAUUSD become level pegging with BITCOIN ? Would further second/third waves help drive our value further past 2/3000 ? Its all just what if... what if it drops ? what if it flys ? It doesnt matter. All that matters is we are currently in a new world, a new democracy anything is possible. TP3 1985 ? I SEE YOU. B1GFUDG3 OUT.
Disclaimer: I am not advising anyone to take my trades nor am i providing market certainty. Do your own analysis.
XAUUSD BUY To 1988Another 200 pips booked from my Last Gold trade We gained 1450 pips from xauusd in this months and this is third trade of 500 pips in this month. Gold is paying really well and thanks to my strategy that makes Gold analysis easy.
If Gold hit my stoploss it will move to 1910, even if you lose this trade you will recover in next trade. I am always confident with my targets but this time its little confusing but i am 90% sure it will hit my target.
Good Luck!!
Just hit the like button for appreciation and follow to catch every wave correctly.
Gold performance
May ends in 1000 pips profit
June ends in 1100 pips profit
July up 1450 pips
Previous Gold trade
XAUUSD (Gold) LongHi There!
Welcome to my new Analysis.
Gold prices have passed $1,900 an ounce in Fridays session, edging closer to its all-time high of $1,920 hit in September of 2011 as renewed tensions between the US and China and worries over global growth increased demand for safety.
Gold is now up more than 25% from March’s multi-month lows and is likely to continue its trajectory amid expectations for increased stimulus to aid the recovery of pandemic-hit economies and concerns of inflation.
I am Still Supporting BUY Positions. Our next Target is 1920~1925 hope it will achieve this target in Monday Session.
Stay Blessed! Enjoy Week End.
Thanks :)