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GOLD | Crazy ideaGuys, please hit the like button, and write any comment, this will be the best thanks from your side. Most analysts predict an even stronger correction in gold. However, my markup suggests that the current correction is almost over. Also, look at an entertaining picture. I compare the behavior of the price of gold in the crisis of 2008 and now. In 2008, the price fell approximately 250 points and the correction lasted 14 days. It seems to me that we are now in a similar situation: 14 days of decline and minus 250 points. And let everyone draw conclusions for himself
OANDA:XAUUSDLong
by MinnieTrading
18
GOLD Retest 1515 + potential brakeoutMACD crossed 0 + becoming less red, could be the start of trend reversal RSI and Stoch RSI is LOW Gold Bounced Twice from 1450, also the last candle is a green spinning bottom candle + engulfing candle. So is more likely to retest 1515 resistance line + potential brakeout so potential target could be 1561. Depends on how interact gold on 1515 resistance line. You could open a buy on 1515 after a breakout and pullback. so your risk reward is 1:4 Push like if this idea useful to you! Leave a comment below! Legal disclaimer: I am not a financial advisor. You trade at your own risk and nobody can guarantee you results.
TVC:GOLDLong
by Chartista_com
1
GOLD Analysis 09/03-13/03The strong growth rate of jobs in February with the employment of an additional 273K jobs. The amendments to January and December data brought an average hiring rate over the past three months to 243K jobs. Although the labor market is in a good position now, we will have to wait for the March data before we can assess the impact of coronavirus on the US labor market. It is worth noting that the three major central banks announced a rate cut in the same week, with one of them being an emergency rate cut and none other than the Fed. of the global economic recession that is worsening globally and the psychological risk will continue to increase with the spread of coronavirus, endangering business operations globally. There is currently a high probability valuation that the Fed will lower the interest rate by 50 basis points in the upcoming 18 March meeting, and even begin to price the probability of a 75 basis point drop. Most recently, the Fed has performed exactly as the market expected. Anyway, we need to ask the question: if the Federal Reserve does not plan to lower deep interest rates in the upcoming session, why should they urgently lower 50 points before the meeting. The Fed cut its operating rate, which makes gold the most benefited from most assets. Bond yields fell sharply showing deflation and we expect the Fed to act through easing. Gold has reached the highest closing level since the global financial crisis due to coronavirus outbreak and aroused the risk of economic recession. Spot gold price soared when US Treasury bond interest rates fell after cutting emergency FOMC interest rates without easing market turmoil. The recovery of gold bullion is likely to expand to a record-closing price in 2011 if the stock market endures and sky-high volatility lasts much longer. A leap in spot gold price action in the last five trading sessions has pushed this precious metal to a new high for the year and closed at its highest level since January 2013. Gold prices soared 5.5 % last week, boosted by a staggering decline in Treasury yields and volatility, is the largest weekly increase since October 2011. Investor sentiment and GDP growth prospects Global has been battered by the coronavirus epidemic that started in Wuhan, China almost two months ago. The demand for safe-haven assets has risen to meet, which has caused a recent collapse in interest rates and a rise in the price of gold. The Fed is expected to lower its policy rate target to 63 basis points at the next monetary policy update following the Fed fund's future valuation. There are 88 basis points of the Fed rate cut by the end of this year. This downward trend of FOMC odds, if continued, could bring gold to a record high in August 2011. Next week the European Central Bank - is expected to make its own interest rate decision. on next Thursday, March 12 at. The ECB board is expected to keep the key interest rate in line with market consensus at 0.5% .And since the central bank bought sovereign bonds through the quantitative easing program, so the additional easing options are relatively limited. However, when coronaviruses started to cause an epidemic in Italy to rise and restrain the EU, there was a decline in Eurozone inflation expectations and a noticeable risk of economic recession. In turn, this could lead to the action of the ECB, which could help strengthen the gold bull's momentum. Technical analysis: (TECHNICAL ANALYSIS) Gold prices closed the week for just under $ 1,674 in a turbulent week that saw a surge in safe-haven assets. After 3 consecutive strong gains for the week. Technical confluence shows that The golden boy is waiting for the important resistance at $ 1,689, which was the high of the previous month. However, another barrier waiting for the golden boy at $ 1,692 may prove important for a move. Last week, after seeing a new peak at 1692 without seeing a strong breakthrough, the price reaction saw a decline. Here the supply zone H4 price really is being respected. In principle, as well as long-term, whenever there is a candle sticking feet, breaking the old peak created earlier, that price will decrease. I will weaken. Ie it will make a new peak soon. As for the short-term GOLD next week. With the candle closing week 1674 below the supply zone, H1 began to accumulate, H4 is showing signs of decline and increase again. Because the amplitude of fluctuations is quite wide, so the upcoming trade idea we have will have 2 scenarios for your reference. Scenario 1: Light sell soup around 1686-1689 SL 1695 TP 1657 (Personal opinions for reference only) Scenario 2: Buy according to the times frame H4 has formed a demand zone. H4 has an inverted head and shoulders pattern, a trendy buy trend trendline demand zone. Buy GOLD 1638-1640 TP 1680 TP2 1730
OANDA:XAUUSDLong
by MCHTRADING
GOLD Pullback to 1625.25| Downtrend in the making| 3March2020GOLD IS DEVELOPING A NEW BEARISHNESS DOWNTREND 1586.55 start with a new robust demand towards 1625.25 after a 'selling climax'. Is this is a new beginning of a Gold downtrend? Most of the trader selling Gold due to cover their margin lost at Dow Jones market crash. The coronavirus is in the critical first wave development. The market crash has send down to Gold due investors selling. China try to cover the pandemic to not let the world know how bad it is. The pandemic is now spreading faster and penetrated to the South Korea, Iran, Japan and some of Europe countries like Italy. Investors dump stocks as fears mount that outbreak has not been contained and investors scramble to reassess impacts. As investors punished stocks and oil, they fled towards safe-haven assets like gold, government bonds and select currencies. Gold, which is historically seen as the safest of bets in troubled and uncertain times, was sent on a roller coaster on Friday. While the Gold set low to 1586.55, this would be the very good from all of the investor to start to pump up gold again as asset in the future. Benefit from the coronavirus was the GOLD will pushed lower thus the lower price in GOLD would be the discounted price to buy from below intrinsic value at the cheapest price. It is an odd moment for gold to be tumbling. One of the oldest and most-trusted safe havens in times of crises, gold typically rallies amid nasty stock sell-offs like the one that has gripped the world this week. So its plunge Friday -- it fell as much as 5%, the most in almost seven years -- caught many traders flat-footed and scrambling for explanations as to what had just happened. The most often heard of them: Gold investors don't want to sell but are forced to cover the losses in other asset classes. It first started with forced selling from equity investors who also sold their gold positions to cover their losses in equities and also to cover margin calls. For me, selling price is much more easier to happen rather than to push upward. The historical gain on the past last month February 2020 has been erased within 1 week period. The buying plan to get the GOLD push forward higher will take sometimes gaining periodically when there is nothing major event impacted the gold and more lowest interest rate could help. Looking forecast 1.75% to go 1.50% on 17-18 March 2020 Fed FOMC plan. Gold is forming a bearish downtrend for the first time in history will to be continue. Robust demand to 1625.25 before GOLD will pushing downward to cover the economy from fear of margin call stock from investor will be continue. Dont forget to subscribe if you like the post. Thumbs up. By Zezu Zaza
OANDA:XAUUSDLong
by Zezu_Zaza
Beating continues, what to do with euro, yen & poundYesterday was largely typical of the current week: investors continued exodus from risky assets and increased positions in safe-haven assets. Perhaps the main result of the day can be considered the return of the yen to the fold of safe-haven assets. Recall that last week, after the devastating data on Japan's GDP, there was talk that the yen could no longer be a full-fledged refuge. But, judging by its growth yesterday, it’s quite possible for itself. True, such a strong growth of the yen raises questions, but are its buyers too carried away? In the end, no one canceled the failed GDP data, as did the fact that the country was one step away from the recession. So today we are inclined to look for points for purchases of a pair of USDJPY. Meanwhile, a survey of European companies operating in China showed that 577 out of 577 respondents surveyed expect their performance to worsen due to the epidemic and the downtime of the Chinese economy. The results, although obvious, are no less indicative of this. The epidemic continues to expand around the world (the number of new cases in the world steadily exceeded the number of new cases of infection in China) and the point is not even the increase in the number of new cases, but the fact that an increasing number of countries are taking certain preventive measures, including restricting travel, school closures, etc. All this, ultimately, will lead to an increase in the scale of economic losses. Well, the list of companies that have publicly announced the deterioration of their financial results in the future has been replenished with such titans as Microsoft, Anheuser-Busch InBev, etc. Actually, as we predicted in our previous reviews. Investors, meanwhile, are urgently reviewing their expectations regarding the actions of the Central Banks. In particular, 90% of traders expect a Fed rate cut in April. So yesterday's dollar difficulties in the foreign exchange market are generally understandable. Nevertheless, the growth of the euro against the dollar seems very abnormal to us and we are inclined to sell a pair of EURUSD today in double, if not triple volumes. Recall that the Eurozone economy continues to experience serious difficulties, and this is still without the consequences of a coronavirus. The situation in Italy also does not contribute to the purchase of the euro. Therefore, we sell the euro against the dollar at full capacity. As for the general list of our positions for today, it is generally unchanged: we are looking for points for buying gold (but we are careful - we buy on the slopes with mandatory stops), we sell oil, we sell EURUSD, we buy GBPUSD. The only sales of USDJPY today we are replacing with the purchase of a pair with small stops.
by Trade24Fx
GOLD Price Ended The Correction| Meeting 1689.00| 27th Feb 2020Hi good day. This is my dairy trading analysis. I will posted the diary on behalf of my trading days. The price of gold has already end for the correction. The price will continue to resume its uptrend in now. 5:13pm GMT +8 Malaysia Time. I have received many compliment towards my post and I would like to say thank you to all the traders or constitution company that follow my analysis. I am totally appreciated so much. For me, trust and believe are the most important as this gained a respect towards my trading. I would like to say that all my post might be bit fast towards the prediction before it happens. In term of that in order to alert the traders to where we are heading is very crucial. Kindly adjust your trading is the perfect ways to combine with my prophecy. Right now, the price has developed a bowl. In a process of developing and before the price break the key element of 1650.00. This is the mark before you can make it happen. Price will bring the heavy volume around the corner to break the 1650.00 psychological pricing. Bowl has been known which the price already made a correction and it is ready to resume the trend (uptrend). It is a sign of bullish after meeting three(3) robust demand. The price will meet 1689.00 in order to break the 1690.00 towards 1700.00 level. The demand has exceed the supply and I believe right now all bull trading around the chart making its way to buy gold again. We are now collecting and waiting all the bull trader to march forward with a massive group. This brings the volume for us to defeat the bear traders while bear traders has been weakening slowly. I am right now has made purchase for GOLD. I am target at least 1000 pips locking by Touch N Go technique principle Checkmate Trading style. I will put add the lot on the support and add the lot more to multiply and amplify the profit margin. Good Luck. By Zezy Zaza
FX_IDC:XAUUSDLong
by Zezu_Zaza