Golddollar
2022/8/1 17:30 XAU/USD analysePivot Point: 1766
Currently: Consolidating at this 1773 level , its next support zone is at 1780
Reaction: Resisted at 1756 and retraced back to 1750
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GOLD-More bear or more bull?Hi everyone
The effects of U.S. consumer inflation data on Friday can be seen already.Starting the week with a red bar doesn't look good.
There is a triangle pattern on daily on XAUUSD and it has already seen 2 pushes down, this move down will be the 3rd.But in case a break out occurred reaching lower levels will be possible.
Hope this analysis helps you in a way.
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GOLD- been a good one for goldHello everyone
As XAUUSD making a green bar in weekly. we can see a bull channel taking form in 4 hours and lower time frames.If we consider the buy volume
which we got from less than 18 hours ago, we may get to see the price exceed 1860$ by the end of the week.
The double bottom pattern shows a good amount of buy in 4 hours chart, considering the exhaustion of bulls and to have a healthy bull trend we need some accumulation in some levels.This might happen under the 1850$ resistance level, but if the accumulation happens above 1850$ then we may get a bull flag pattern which will show a better future for GOLD.
Gold Markets Looking Set to RecoverYesterday the Federal Reserve initiated their first interest rate hike since 2018, taking the Fed Funds rate from 0 – ¼% to ¼% – ½%.
The rate hike of ¼% was not only anticipated by market participants but was also factored into current pricing. The dramatic change in the Fed’s forward guidance announcing that they intended to raise rates at each of the FOMC six meetings this year was not expected. Even more interesting was how investors reacted to the aggressive Fed policy.
U.S. equities and gold staged respectable rallies both yesterday and today, which is not what you might expect from investors after hearing that the Federal Reserve plans to raise rates by 2% this year, or is it? After the release of the FOMC statement and Powell’s press conference yesterday, both risk-on and safe-haven assets classes moved substantially higher. This fact defines market sentiment as it pertains to what traders and investors are focusing upon.
Three forces resulted in rallies in both the precious metals and U.S. stocks. First is what the Federal Reserve says it plans on doing and whether or not they can act as aggressively as stated in their revised guidance, coupled with the fact that the next FOMC meeting will not take place till May 3. Secondly, market participants are focused upon inflation which, according to the CPI data from February, is at 7.9%, a 40 year high. Lastly, investors continue to focus on Russia’s invasion of Ukraine.
Gold gained approximately 2.47 % from yesterday’s low of $1895 compared to its current value of $1943. The NASDAQ composite gained 2.93%, the S&P 500 gained 2.78%, and the Dow Jones Industrial Average gained 2.42% in the last two days. This is a clear indication that the majority of traders and investors are focusing on the economic climate that exists now rather than what might occur at the end of this year or next.
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Cup&Handle - CFDs on Gold (US$ / OZ) - 1W timeframe
Last 2-3 years was very intense for money printing, FRED website charts shows it as well. We also may look into some class of commodities (like corn, oats, wheat, energy), to confirm the words of significant loss in value of money.
It's always worth thinking about securing your profits & diversify funds, with proper (for you) balance on different class of assets – like Marc Faber in his times.
Beside any facts & rumors about CBDC, and new economy coming our way, I'll risk saying that the trust between banks is still mostly gold-based.
PS. Is hard to say if we see clear opportunity to have freedom with sale this goods in the future – Roosevelt knows best. But I just want to say, a small amount of portfolio could be nice hedge besides financial system economy. Besides - everything has it own cycle or lifespan. Gold outside food seem to have survived the longest in history as collateral.
Strength this class of commodities rise particularly during times of war and uncertainty.
GOLD / USD
Maybe just because of these few facts have a look for 3-4 years possibilities for midterm price prediction of paper gold with a cup and handle pattern.
So yes, this is look onto positive perspective for few years, although it is possible shortly correction, or little cooldown.
In this case of scenario I also assume short time declines:
Fall min. reach target: 1800$
Fall mid. reach target: EMA 144
Fall max reach target: Moving average 200
Reaching positive target prediction in this case of scenario is around 2800-3000$ per ounce without blow of top. However, we are in important psychological price range so follow price action up to date, especially at lower time frames.
Weekly:
Moving Averages: Supported
RSI: entering overbought area (still got some place)
Stoch: with price action (currently resistance area)
With little pressure from the actual financial system, national debt, lack of goods and the stock & economic discrepancies – opportunities for gold are highly appropriate.
Why gold is the king during all kinds of crisis? You might have heard a lot of things about the benefits of investing in gold these days. Gold has been called the best and the king of investment, or it is no longer worth investing in because it will not grow anymore. Gold will remain king forever in investing, let me explain why.
The price of gold will increase in the coming days but will not decrease in the same way as the world is moving towards the day. The Corona Pandemic and the Russia-Ukraine issue, in particular, have shown it with our fingers in the eye.
There are a thousand reasons why investing in gold can be explained. Why investing in gold is safe and profitable. I will try to explain some of the significant reasons that can easily inspire you to invest in gold.
Some put their money into stocks, bonds, and real estate, but what does it give them? Gold has gone through many ups and downs and still has a long way to go.
There’s no limit to how much you can own with stocks and bonds. With gold, there’s only so much that can be mined or dug up from the earth, which means you won’t be seeing any inflation on your value as time goes on.
Inflation with stocks and bonds creates losses in value over time if your investments don’t keep up with price fluctuations.
Gold has always been called the best investment during a crisis.
Gold has been called the best investment globally, but you have to do your research before you put your money in an unknown commodity like gold. Researching gold will give you an idea of its value over time. You can also check other websites to find out what others think about gold and how it stacks up against other investments. There are lots of benefits to investing in gold.
There are several different types of investments, such as stocks, cryptocurrency, and bonds, that have many risks involved because they go up and down with market fluctuations.
With gold, there’s no chance for significant fluctuations. Rather than that, gold is more stable and less volatile and follows proper rules. It’s always worth the same amount, which makes this type of investment safer than others.
During Corona Pandemic in the last two years, we have come to realize this very well. Although stocks, bonds, and cryptocurrencies have risen in value since the beginning of the Corona, over time, everything except gold has seen a bubble up.
No asset other than gold has been able to sustain them. If you look, Nasdaq has dropped about 15% since November last year. The shares of Apple, Microsoft, Google, Tesla, PayPal, Facebook, Amazon, and almost all the big companies have dropped hugely. Cathie Wood’s ARKK fund illustrates the beating that mid-to-large cap tech has taken. It’s down 58% since last February and 47% since November.
You will be more frustrated when you look at cryptocurrencies. Most cryptocurrencies have lost much of their value. But gold has surpassed everything and has only risen to the top, giving investors a stable profit.
Gold is a hedge against inflation.
Gold is a hedge against inflation because you would still own an amount that could be sold today even if it were to lose value.
Gold is a hedge against inflation because you would still own an amount that could sell today even if it were to lose value.
Inflation has started rising a few days after the Pandemic. Since the Pandemic has caused a lot of business losses, inflation has naturally increased, and economic growth has slowed down.
As inflation rises, central banks naturally try to control inflation by raising interest rates. Typically, if the bank rate increases, the gold price drops. But if the economic uncertainty increases, then the gold price does not drop that way but the reverse increases.
We have seen that gold has been a hedge against inflation in the last few months. Although almost all the assets have lost their colossal value, gold is still rising due to inflation. I think during inflationary pressure investment in gold is a good choice.
Gold will be valuable for a long time.
The value of gold has been on the rise over the years, and so will the return on your investment. Gold is a hedge against inflation because you would still own an amount that could be sold today even if it were to lose value.
Inflation has started rising a few days after the Pandemic. Since the Pandemic has caused a lot of business losses, inflation has naturally increased, and economic growth has slowed down.
As inflation rises, central banks naturally try to control inflation by raising interest rates. Usually, if the bank rate increases, the gold price drops. But if the economic uncertainty increases, then the gold price does not drop that way but the reverse increases.
We have seen that gold has been a hedge against inflation in the last few months. Although almost all the assets have lost their vast value, gold is still rising due to inflation.
Gold is a haven in times of crisis, such as war, economic instability, or natural disaster. It’s also an excellent investment to make when you require extra cash or need to protect your wealth from inflation while the market crashes or fluctuates wildly. If you want to get long-term profit, investment in gold could be a good choice.
Gold is Formidable
Gold is formidable because it has a long way to go before reaching its final value. Gold is still new and doesn’t have the same recognition as other investments. So, you could consider gold an investment option for now until it becomes more widely known and eventually becomes even more valuable.
If your investments don’t keep up with price fluctuations, you are losing value over time. But with gold, since there’s only so much that can be mined or dug up from the earth, your value will gradually increase over time without any risk of loss in value.
As mentioned before, gold is currently an unknown investment and might not be recognized or valued by many investors yet. With this in mind, if you’re looking for an option that doesn’t require too much work and isn’t too risky, then gold is an excellent option to think about investing in today. You can’t deny investment in gold is more formidable than investing in another asset in the current time.
The Amount Of Gold Is Limited
You can’t make gold in the laboratory or the factory even if you want to. So gold stocks are always limited. Many of us say that bitcoin cannot be made arbitrarily, so the price of bitcoin will exceed one million dollars.
Cryptocurrency has not been created for many years. So it cannot be said yet; this is the last word. And Bitcoin is not the only cryptocurrency on the market. For the sake of argument, bitcoins can no longer be made after a certain amount, but there are now over 6,000 cryptocurrencies on the market, all of which are being used as alternatives to one another.
But since the days of gold, gold has been used as a medium of exchange. What is the alternative? No answer. You might say that there are money notes as an alternative to gold.
Wait! Money notes have no instinctual value like gold. It’s just a piece of paper. Its value is also different in different countries. Maybe the money of one country cannot go to another country. But gold runs all over the world, and it has instant value.
Gold is a safe haven asset.
Gold is a safe haven asset. While the price of everything goes down during any crisis, the price of gold goes up in reverse due to its peak demand as a safe haven.
Gold prices have risen almost all the time since the 1970s, according to the Economic and Political Crisis. You don’t have to look too far. Just look at the 2008 economic crisis. See the chart above.
The economic crisis began in late 2008. When the economic crisis started, the price of gold was 670 / ounce. It took almost three years to overcome this economic crisis. And in these three years, the price of gold has risen by about 1230 USD, which is 12300 pips in pips.
Let me make it a little easier for you when Corona Pandemic started in early 2020, the price of gold rose by about 614 dollars per ounce in 6 months, 6114 pips per pips. See the chart above.
Overall, gold is the only asset that is truly a safe haven asset. Now you can say the price of bitcoin went up more, then? Wait! Bitcoins are not as stable as gold. Too risky, too volatile. Just as bitcoin has risen, so has it. You should never invest in such a risky and high volatile asset as an investor. And yet you see gold is about to rise later.
With stocks and bonds, there is always that chance for financial ruin. You could wake up one morning to find out that the company you’ve put all of your faith in decided to cut their production or even just close their doors. But gold will never fail you because those factors do not affect you.
This makes it easy to compare prices with other investments, like stocks and bonds, because they keep changing over time, so it can be hard to figure out what they’re worth at any given point in time.
Gold is easy to cash.
If you cash in your gold, you can get your money back, even if it’s just a few years later.
Another good aspect of gold is that what can readily cash gold. You need cash now, and you can sell it instantly if you want. The money of one country may not go to another country, but if you have gold, you can quickly cash it.
If you have gold, you can quickly get a bank loan against those goals and very fast. Gold can also be invested in many aye, such as physical gold coins, bars, or gold bullions. These are very easy to cache.
Gold Stocks, ETFs, Gold Options, Gold Bonds, Sovereign Bonds, Gold Funds are some of the more options you can easily invest and cash in, which is often not possible with other assets.
Cryptocurrency transactions are not allowed in many countries of the world. But there is no country where gold transactions are prohibited. It is easier to cash in on gold than on any other asset, and the options for investing in gold are more than any other asset.
What happens when the stock market crashes? The value of your stocks and bonds will drop and leave you with debt or even bankruptcy, but with gold, you can still have peace of mind that you are financially stable.
Central banks reserve gold
Almost all the countries in the world have more or less gold reserves. The United States itself has more dollars in reserves than other countries. That is America but the number 1 country in the gold reserve.
America also knows very well that this paper money will not be of any use in case of danger. Commodity and gold are the hope then.
The United States has imposed economic sanctions on many countries in its interest. Those countries support their economies with this gold. And they deal with the outside world either with gold or their home currency.
And the more gold reserves a country has, the more foreigners come to that country. External investors do not feel the risk. Because outside companies think they can easily take the profit after investing.
And day by day, America is imposing an economic blockade on different countries. That day is not far away. Different countries will reduce their dollar reserves and not use gold or home currency.
However, it is safe to say that gold will soon gain the confidence of many countries as a reserve currency and will use gold as a medium of exchange, excluding the dollar.
Conclusion
Gold is a safe haven for the world’s currencies. It’s not just a valuable investment, it’s a hedge against inflation, and it’s an excellent way to save for retirement. Given that the amount of gold is limited, it’s not going anywhere anytime soon. And if you’re looking for an investment that is easy to sell when the time comes, gold is your answer.
Gold & it's motive wave CGold is in wave C. We can measure it buy formation of wave B in Ret. 38.2 & the time token to brake the top of wave A. I mean, the speed of the last wave can be considered as a proof of being in a new motive wave not a correction one. The TP is measured using Elliot and Fibonacci rules. Personally, I think the price will hit the target in 10 years or more!
Nothing to add. Good luck!
GOLD FORMING HEAD AND SHOULDERS?Could XAUUSD be forming head and shoulders pattern on the Daily time frame?
If so, are we likely to witness it happen before the close of Q4?
Are the major investors looking to sell their positions on gold in favour of DXY?
Will XAUUSD price revisit the neighbourhood of 9th August lows (1663.27) ?
Market does what the market wants. So I'll take my bias as things pan out.
What are your thoughts? 💭
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Regards
GOLD May See a Significant RiseXAUUSD Pair may see a significant rise following the recent price fall that drove price to a dynamic resistance (1778.971) from 1876.984 resistant area.
Strategy : Breakout and Retest
I want to see price break out of the current structure ans retest at least 70% fibo level of the pump that triggered the break out before i buy in. This acts a a save zone for my capital.
I will update here is anything changes.
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Gold Trend 02/11Gold rebounded from last Fri. low yesterday. The market opened near 1783 early in the Asian session. The price had been bounded by the 1780-88 range throughout the Asian and European sessions. It broke out from 1788(1) at the US session opening. Day-high reached 1795, with the day ended 1793 up by USD 9.
The technical pull-back from escaping channel(2) has been completed after the price touched once again trendline(2). The price is still trading within the downtrend channel(3) in the 1-hour chart. An S-T trend line(4) has been formed in the last 24 hours. Selling will resume if the price breakout from trendline(4) and the 1788 support line.
As mentioned yesterday, the horizontal range 1780-1810(6) is still dominating on the daily chart after the price break out from the uptrend channel. The 20 days MA(5) will provide support within today and 1796-1800 will be the resistance on the upside.
S-T Resistances:
1805
1800
1795-96
Market price: 1791
S-T Supports:
1788
1780
1775
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P. To
GOLD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
| GOLD | formed Triple Top PatternHello Guys,
I have identified the Triple Top pattern in Gold , if we see structure break the Swing Low there will be a good opportunity to Enter trade.
FOR YOU INFORMATION ::
Technically, a triple top pattern shows us that the price is unable to penetrate the area of the peaks. Translated into real-life events, it means that, after multiple attempts, the asset is unable to find many buyers in that price range.