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GC

GC Outlook After reviewing the chart for GC Futures, I believe there is prospect to the long-side. Based on the way I frame the markets, I would need to see a break (failure) of the opposing 61.8% level at around 1600 and then see a measured move long at a 50% level. Obviously smaller time-frames would need to confirm this at the time to be able to enter into any trade. Targets are denoted on the chart if the conditions become true. I do not post entries, exits etc on my charts because I believe each and every one of you will have a different way of entering into a market and exiting or managing positions. I have my own way of entering into trades and managing trades, and my techniques are rather different to most. Anyway, I have a long bias for Gold based on the longer-term outlook. That is not to say there will not be day-trading opportunities on either direction in the mean time. If the longer-term conditions do play out, Gold could be seeing a break of all time highs in time :).
COMEX:GC1!Long
by vyas2468
Pennant - Thoughts on road ahead for gold?Possible long trade to 1478-1523 area. We seem to currently be at the pivotal moment for gold. Either a breakdown or continuation will happen, depending on market sentiment, inflation and the Fed's decisions. My thoughts: If inflation picks up, gold is a popular hedge against it. This could mean gold prices move up. However, higher inflation lowers expectations of a rate cut. If there is no rate cut, gold is less attractive. Gold performs well if there is fears of a recession and a stock market crash. Fed chair Powell is hinting that a preventative rate cut could be on the table in July, lowering fears of a recession. I think expectations about the Fed's decision are more important for gold than inflation itself, meaning if inflation picks up the lowered expectations for a cut would outweigh the inflation hedge argument, sending gold lower. Since the Fed is hinting at a rate cut, I favor the bullish argument in the shorter term. In the longer term, stronger economic growth and a rising stock market following the cut could encourage risk-on sentiment, sending gold lower again. What do you guys think? I would love to hear your thoughts on gold going forward, so please leave a comment and contribute to the discussion!
TVC:GOLDLong
by bjohel
2
Gold - great upside potential?XAUUSD is still inside a major upswing that is currently consolidating above the Median Line of the upsloping fork + above the recent tops of a range, that was broken up a few weeks ago. The stall above the ML gives us a decent entry with a great R2R ratio, with the stop being below the ML and recent tops in case of a overshoot/backtest. Trade is Long Gold cmp (1387) Stop Loss: 1353 TP: 1528 One should never risk more than 4% of his/her account. Thread carefully, Nick
OANDA:XAUUSDLong
by NickBlack
2
GOLD: some info (potential SHS)Hi Guys, following my post dated 14 May 2019 Gold was rejected at 1300 but was supported one more time by the longer SMA (620). The rejection at 1300 marked a lower high compared to previous highs within the correction. The 3 black S on the orange SMA diverge slightly with RSI but imho divergence not steep enough to prompt a pullback above 1300. Since RSI entered negative territory Gold has yet to be oversold therefore I am still favouring a continuation of the correction towards 0.618 Fibonacci of previous uptrend from A to B before a pullback may occur. Please note the potential Head & Shoulders pattern (SHS in red). For reference about how to trade the Head and Shuolders pattern please search in Google or visit the following link provided by Investopedia. www.investopedia.com If Gold breaks above 2nd red S it may be the start of the pullback towards H and maybe beyond. For additional information about Gold please refer to the related ideas linked at the end of this post. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
GOLD: focusing on the 4H chart (and triple S)Hi Guys, following my previous post please find above 4H chart focusing on the triple S support before the pullback at the end of week17. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
GOLD: some info (D)Hi Guys, Here a link to Investopedia definition of Cup & Handle: www.investopedia.com There are many more on the web. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:GOLD
by cozzamara
5
Gold vs BanksThis chart shows the ratio of XAUUSD vs BKX bank index Gold is typically considered a secure investment in times of economic uncertainty The KBW Bank Index (ticker BKX) tracks the stocks of 24 major banking companies since the early 90s. This index serves as a benchmark of the banking sector. During the Great Financial Crisis of 2007–08 questions regarding bank solvency, declines in credit availability and damaged investor confidence had an impact on global stock markets. Gold surged in price relative to the bank index. Another surge in this ratio can be seen during the 2011 Credit Crisis, Standard & Poor's downgraded America's credit rating from AAA to AA+ on 6 August 2011 for the first time. Fears of contagion of the European sovereign debt crisis also increased at this time. Since 2013 the narrative has been rather consistent confidence in the banks. Gold has lost strength while real yields on Treasuries have risen. During the earnings recession of 2015-2016 fear returned of economic slowdown and rising defaults in junk credit. Recently with the flattening yield curve fears of slowing economic activity took over markets towards the end of 2018. Projections of another recession are expected for the years ahead possibly by 2020.
FX:XAUUSD
by dime