Gold prices are slightly lower today as risk appetite of trader and investor has been increased due to the significant gains we have witnessed in the global equity market and in crude oil prices today. The precious metal sector has also been pressured as reports came out that Major countries in Europe and North America are beginning to open up their local...
Gold is in nice correction move and H4 downtrend so i'm expecting more downside action.
i will open short position at 1675 and 1685. Basically anything below 1700 i will look for short opportunities.
If you are looking only for longs watch the video and comments and use my short targets as your potential longing areas.
Good luck!
As we are recording this video analysis Gold is trading at $1732 per ounce however the white metal is hovering around $15.60 march has apparently ended which has been the worst month ever recorded for the equity market. we have already seen the dow jones and the S&P 500 suffering the deepest quarterly drop since the Great Depression, exacerbated by a 60% oil price...
In this video, We have taken a look at GOLD. It looks bullish but we need to be patient for the longer term and ride the wave for the shorter term...
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Take it easy.
~Bo
The biggest risks to financial stability in 2020 revolve around geopolitics and trade. Part of the reason why people are getting bullish is the idea that a lot of the grey clouds are starting to get answers and the year 2020 could be when we get the answers, But political events make trading difficult, especially when it comes to the pricing of risks, we...
Gold prices are higher in midday trading Monday, but have backed well down from the overnight nearly seven-year high of $1,590.90, basis February Comex gold. Today’s low-range close hints that the gold bulls have run out of gas on a short-term basis and need a rest, or pause. Meantime, silver futures scored a more-than-three-month high of $18.55, basis March...
UPDATE-We have Trailed our stop loss At $1540 hence locking our profit within the Gold Latest trading Position(Long entered at 1515). We would recommend our clients to do the same.
We expect 2020 to be another year of significant volatility, uncertainty and Turbulence as there are numerous things which could affect the market this year.U.S-China trade war,...
UPDATE-We are Trailing our stop loss At $1540 hence locking our profit within the Gold Latest trading Position(Long entered at 1515). We would recommend our clients to do the same.
We expect 2020 to be another year of significant volatility, uncertainty and Turbulence as there are numerous things which could affect the market this year.U.S-China trade war,...
Video does the talking.
Key things to take away from this:
$1586 is corresponding both with 38.2% and 1.61% levels as shown. It is a key level that GOLD will test.
UpTrend is on for Gold. Day traders are long but longer term players might bet against the trend after a test above $1586.
Take it easy team.
If you want me to make videos like this on Stocks,...
Macro trend:
- Yearly/Monthly: Bullish, just broken out of consolidation with higher lows
- Weekly: Bullish, Just broken out of 6 week consolidation
2 ways to get in on a trend:
- Wait for the retracement and buy the retest
- Buy near the bottom of the consolidation
Key levels outlined:
1) Last week Range High
2) H4 consolidation (Mark the top and bottom)
3)...
