Gold have been forming either a Triangle and or IHS pattern on charts. Gold in worse case scenario can make low between 1890-1928 range and this will be great buying opportunity for long term.
If Gold manger to form any one of the pattern above the ultimate target will be USD2311.
On a quarterly close basis (reduce noise), #Gold had a WORST drawdown in 2004 than it did in the Great Financial Crisis of 2008!
It actually ONLY closed 5% lower in Q3 2008, having registered POSITIVE quarters before and after that one.
Let that sink in...
Intricate dance between gold and copper prices is a tale beyond mere metals. It reflects global economic sentiments, industrial demand, geopolitical angst, and investment trends.
Gazing into the crystal ball to decipher the future of the gold to copper ratio, a fascinating narrative unfolds, particularly highlighting copper's brighter prospects.
Copper is...
For your Analysis and Study only
Range for positional Trade:- above 2042 we can target for 2439 to 2448
Range for Swing Trade:- - above 2042 we can target for 2259 to 2302
Range for Intraday :- above 2218 we can expect around 117 to 137 Max points movement below 2151 or 2166 we can expect around 71 to 92 Max points movement
Intraday detailed levels as...
Gold has pushed up since the original forcast a few weeks ago and likely to continue. As higher risk markets reach all time highs and look ready for short sales captial rotation may be the cause of accelerated moves to the upside.
Current Trading Plan:
Continue long hold for higher targets inprevious forcast below but locally target an accelerated move that will...
if Sustain above 2358 then 2371 to 2375 then 2383 to 2391 or 2396 above this bullish then 2419 to 2421
if Sustain Below 2351 to 2350 then 2346 then 2324 then 2321 below this more bearish
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a registered analyst or advisor. I does not...
Here is the 14 years of GOLD price history and action. Looking at it we can locate a lot of triangle shaped during its movement.
📌 Nowadays we facing resistance zone of $1860 (2011-high) and this is important zone for the whole world.
Here is the chart of GOLD (XAUUSD) as pic:
Price consolidate in triangles over and over from 2007 and this is quite...
Gold futures ( SET:GC ) have been consolidating within a range for an extended period, accumulating significant energy and potential for a substantial move. Our previous entry before the anticipated breakout has positioned us well to capitalize on this impending volatility.
Currently, the price action demonstrates promising signs as it consolidates above the...
Keeping an eye open here, will encounter plenty of sellers of paper gold at these elevated levels. short term target $2,499 and expect a bit of selling then, with a possible continued trend upwards later on past $2,500
Looking for possible pullback on gold futures to 2324.0 level. If so will buy with limit. Sell stop will be 2272. Target is open for now.
Important: Trading commodity futures and options involves a substantial risk of loss.
The recommendations contained here are of opinion only and do not guarantee any profits.
This is for educational purposes.
Past...
Always good to measure against the DXY not just the USD value
Not perfect of course as it is mainly the Euro and Yen but still insightful.
Been watching the relationship for a while
currently breaking out to the upside
HVF theory means this should be a violent expansion
Target 1 coming up.
Gold (June) / Silver (May)
Gold, yesterday’s close: Settled at 2383.0, up 8.9
Silver, yesterday’s close: Settled at 28.717, up 0.387
Gold futures traded above $2400 and Silver above $29 early in the session but did see a wave of profit taking through the thick of European hours, but are attempting to stabilize ahead of the U.S. bell. The construction off...
-Spot gold XAU= edged up 0.1% at $2,383.37 per ounce, as of 0103 GMT. Bullion hit an all-time high of 2,431.29 on Friday.
-Israelis awaited word on how Prime Minister Benjamin Netanyahu would respond to Iran's first-ever direct attack on their country, as international pressure for restraint grew amid fears of an escalation of conflict in the Middle East.
Good Evening and I hope you are well.
bull case: 50 points down and 60 points up. Unreal price action for this Market. Bulls bought where they had to, to stay inside the broad bull channel or expanding triangle. Call it what you want, you trade it the same. Since Fridays sell off was so extreme, I rather be humble as a bull and take my profits on weakness. Retest...
![GC1!: [GC] Gold's moment after BTC ?](https://s3.tradingview.com/s/sM0tMN2W_mid.png "[GC] Gold's moment after BTC ?")
