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Goldlongterm

Gold very near to major weekly support of last two years.Gold very near to major weekly support of last two years. In June 2020 Gold was seen at the levels of USD 1677.70. right now Gold is at USD 1706.70. If Gold closes a week below 1677.70 there is a chance that it can fall to 1659 and 1616. In case of further major rate hikes if we see further weakness in commodities God can go to as low as USD 1568. On the upper side once Gold finds it's bottom and goes north the major resistance will be seen near USD1741, USD1777. Gold will find a major resistance near 1842 on it's way up. Long term bullion investors can start buying gold X/3 at CMP. X/3 can be bought if prices falls to 1538-1616 levels. X/3 entry can be taken above 1777 levels.
TVC:GOLDLong
by Happy_Candles_Investment
GOLD - Follow The Yellow Brick RoadAll you need to know is Gold just reached levels near the lower range of the Yellow Brick Road (YBR). The price channel Gold has continued to stay within should drive prices back higher if it is not broken by some external market event (think global collapse). Even then, if it is broken, Gold will recover and continue higher after a deeper pullback. Right now, I see these lows as a fantastic opportunity to BUY THE DIP. Same thing with Silver. These lower ranges present very solid opportunities for skilled traders. The next few weeks could see a solid rally back above $2100 - then targeting $2600 or higher. Here we go. Get ready for a solid move higher over the next 5+ weeks.
COMEX:GC1!Long
by BradMatheny
1
💡Don't miss the great Buy opportunity in XAUUSD 😍Hello to all dear traders It looks like we've entered a new channel. All the evidence, including the continuation of the Russian war against Ukraine, and the conversion of capital into gold by the warring countries, has led us to see an increase in the price of gold right now. To better show the analysis, I also removed the Ichimoku and MACD indicators. All indicators suggest a long-term buy. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
OANDA:XAUUSDLong
by hamidreza_FX
5
GOLD'S DOWNWARD PRESSURE (MANIPULATION) IS EXHAUSTED! It is hard to technically analyze a market as manipulated as precious metals are. Every day they are bought up in the Asian/Euro markets and slammed (8:30am EST) almost without fail. Ive been watching the metals markets every day for the past decade and I have not seen manipulation this blatant since 2011 (silver take down from $49). The difference today is that the shorts (despite their government backed fiat war chests) have not been able to hold metals down. If you think I am a heretic please educate yourself on governments "rights" as well as ability to "control" every financial asset known to man (expect for Bitcoin) in the interest of preserving the "economy' and the USD. As frustrating as the past decade and this past week has been I relish in the futile attempts central banks and the federal reserves attempts to distort reality and play god with the worlds financial monetary system. Hocus Pocus aside, from a technical perspective.... Gold and Silver's RSI have turned up on a weekly basis. They have formed a nice inverted head and shoulder pattern, and have finally started to print higher lows and higher highs on a daily basis. It is foolish to underestimate the power and control nice government men have over this market but I am compelled to stick my hands in the fire and buy metals again for a long term hold. The Feds "transitory" rhetoric has fully devolved into a pipe dream even the most foolish of believers have started to awaken from. With the commodities index up hundreds of percentage points it is hard to believe metals can realistic be lower than they were this time last year. In addition, the euphoria of Bitcoin (a clear competitor to Gold) seems to be peaking as it always does with "bullish" news of a ETF just as it did the last time it reached this resistance zone with the public offering of Coinbase.
COMEX:GC1!Long
by lowerlows
Gold very heavy, I am droping it. Hello trenders, Gold... the precious metal to back up the modern economy as we know it. Potentially to reach the last spike of 2400 usd levels or a double top but nah it will not probably. Well I got news for ya, who back up gold, (a printer or nukes) ? Can´t eat it, can´t really see it or no transparency behind the curtains, so unless used for technology (dead capital) is just useless. Is not a value on demand or indispensable to live and just because someone says is worth it it doesn´t really has a value for all. I can claim I have 1 million ton of gold in my basement and continue getting credit for a while but wait isn´t that another bubble? Will come out eventually and now seems about time. New economies are emerging with new markets and creativity including blockchain. Reasons to short: 1- Inflation adjusted chart looks bearish. 2- Indicators like CPI and momentum (RSI,MACD) are bearish. 3- the economy is not anymore centralized (stronger now, many pillars). 4- pandemic was the bottom of economy, even a bubble can´t be global. So friends to conclude I am not saying gold will crash, just can´t be so egocentric anymore. M.M.M Make Motherfuc.in Money Be wise: don´t work for the money, make your money work for you.
FX_IDC:XAUUSDShort
by DeFontain
Gold Spot / U.S. Dollar long term Risk-off sentiment making a comeback? StoneX cites 'early indications' of gold price turnaround Risk-off sentiment might be making a comeback in the second quarter, with "early indications" of a price turnaround for gold, according to StoneX. "After gold's performance in the first quarter of this year, when it posted its first quarterly decline since the September quarter of 2018, the price looks as if it is basing out," said Rhona O'Connell, head of market analysis for EMEA and Asia regions at StoneX. For most of the first quarter, gold fell along with the U.S. 10-year Treasury bonds due to the market's perceived inflationary risk. However, this trend seems to be changing in the second quarter, which means potential price reversal for the precious metal. "It would seem now that attitudes are changing slightly, with the ten-year bond rate easing, which is helping gold to stabilize," wrote O'Connell. "Whether this is a technical correction or a growing belief that the U.S. bond market has taken too much of a beating because there is still a long way to go, remains to be seen." The Federal Reserve keeps reiterating that it is not planning on raising rates any time soon, and markets might be starting to believe that promise, which could trigger a more risk-off environment, O'Connell pointed out. "In the background, the physical market in Asia has been picking up smartly, notably in China, with the local prices now at a premium of roughly $9/ounce over loco London," she said on Monday. "Elsewhere, the Perth Mint reports very strong sales of gold and silver coins in the first quarter, especially in Germany and the United States; gold demand thrived, and the Mint could not keep pace with silver coin demand. In March, the Mint sold over 130,000 ounces of gold and almost 1.6M troy ounces of silver in minted product form." Another price-positive trigger is that the central banks have once again started to buy gold. For example, Hungary's central bank raised its gold reserves to 94.5 metric tons from 31.5 tons, citing "long-term national and economic policy strategy objectives." From a technical perspective, gold's support remains around the 10-day and the 20-day moving averages at $1,730 and $1,732 an ounce. Resistance is still at the 50-day moving average of $1,757 an ounce. O'Connell said if gold can move past that resistance line, prices could be looking at the $1,820 an ounce target. "There are early indications that the price may be starting to turn around." Last week, gold failed to clear the $1,750 an ounce level, which could undermine sentiment, she noted. This week, markets are closely eyeing the Treasury auctions in the U.S., latest inflation figures, and Federal Reserve Chair Jerome Powell's comments at the Economic Club of Washington on Wednesday. Monday saw the sale of $58 billion of three-year notes and $38 billion of 10-year bonds. Tuesday will see the sale of 30-year debt.
FOREXCOM:XAUUSDShort
by BADQOMOCAWGOWLD
2
GOLD IS BULLISH LONGTERMAiming towards 1910 on gold and then a breakout to higher resistance levels and hepfully pass the main ones i highlighed, specially the MAJOR resistance. 2K Stimulus strong possibility and a really good catalyst. Stimulus check might be a seperate standalone bill, so good news for gold if passes. More money printing for the other seperate bills that add up to similar government spending. GOLD bullish overall longterm. Maybe buy the rumor & sell the NEWS coming up(Christmas rally, Jan-Feb correction), Goodluck!
TVC:GOLDLong
by djpsypher
1
BREAKOUT fails, CONSOLIDATION continuesWhat i see here is a sideways game that GOLD is going through at the moment. Since it's holding above 1790's pretty well, it is just a matter of time of when the real breakout will arrive. So i extended the triangle with multiple possible scenarios. And one of the reasons the breakout failed today was due to many things getting sold for cash driving the DXY back up a little, and gold back down again. Pure waiting game IMO and still think it is bullish.
FX_IDC:XAUUSDLong
by djpsypher
3