Gold now is in major trend line going down(decending channel). We are expecting it continue falling, watching this week how the price will react to the suport level 1173.94. Share your opinion with us, and trade safe)
Recent SPX500 dump & 10Y yield downtrend can push gold to any uptrend
After discovering the World Currency Unit (WCU), essentially a basket of GDP-weighted currencies, and looking into how it was calculated, I realized it would likely serve as a better indicator of the Real Value of Gold & Silver. I've been following this exact chart for a while now; Very interesting how well it's lining up with fib levels, as you can see. I've...
For Gold against a currency basket the buy signal is now... in USD it should come a bit later....
We are about to enter long term trading region. There is currently more downside potential than up. Frustrating Chart.
GOLD IS IN FALLING CHANNEL ASSUME RETEST LAST LOWS RSI OVERBOUGHT
Just a view on Gold against a currency basket. This months low should be in. Reasonable to start a long. On break of support the different way...
Gold against a currency basket just got to a cross resistance... On break one should definitely go long.
Worth having a look at Gold in a Currency Basket. After breaking 50 day MA beginning of the week, yesterday we broke the bottom of the descending triangle. Clear short! Seems in USD same will happen.
With motif completion (on 4h Chart) and TZ Analysis I suggest a major move back to pre-Brexit Region. Move starting today/tomorrow/Wed.
After my last weeks target has been reached, I am waiting if we get a breakout. With GDX/HUI not following Gold and DXY rather going upwards, I expect Gold (in XCU) correcting back to the Neckline of the double top. With this correction a Head and Shoulders Formation of XAUUSD will also be finished.
Last Fridays Payroll data were "some bit" of surprising. But any 5 sigma deviation should be.... The probability of a rate hike in June was discussed to be back to 0% so DXY was tumbling "a bit", JY strengthening, Gold rising and GDX/HUI exploding to the upside. Well, is this reasonable ? With Fib-TZ analysis last movement was anticipated, but in the different...
Gold against a currency Basket is trading since Feb/Mar within my suggested trading range (see chart attached). Following Points make me bearisch again: 1) Failed BreakOut out of LT Resistance and upward channel 2) We see lower Highs 3) COT Positioning extreme Within last years it was always a good decision sell within the "Sell Region" (red) and buy in the "Buy...
Nice Head and Sholders Formation in XAUXCU. XAUUSD should follow soon... CB influendced Markets semm to be short living (I hope)...
I really love our free markets where price discovery is only influenced by supply and demand issues and not by CB decisions... But CB's decisions (how did JY say) are always TRANSITORY.... And GAPS will be closed...
Gold against a currency basket just completed a Head & Shoulders Formation. Support line broken (blue)... Expecting correction till at least 825-830. I would appreciate some bit more to get a little bit steam out, but....
Sorry to disturb the bulish feeling, but it is alwasy reasonable to check Gold against a currency basket and not just US$. We are now in timerange and pricerange as I suggested last autumn. We had a high volume surge we haven't seen since 2011 and the bullish feeling people have is certainly justified! BUT as a perma Gold bull I also learned to be realistic. We...