Daily Gold Analysis

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this thread is created for Gold analysis to share our Ideas about gold and taking profits

(Bloomberg) -- Gold’s unrelenting march higher shows no signs of slowing after a plunge in the dollar swept prices past the previous high set in 2011 and put the metal on track for even bigger gains. Bullion’s surge came as a gauge of the U.S. currency sank to the lowest in more than a year, the latest in a long line of bullish factors -- including negative real rates in the U.S. and bets the Federal Reserve will keep policy accommodative when it meets this week -- that are pushing prices ever higher. With the world facing an extended period of unprecedented economic and political turmoil, gold’s now got $2,000 in its sights. Some in the market suggest the haven could rise even beyond that. Nascent signs of gold’s record-breaking ascent began to show in mid-2019, when the Fed signaled a readiness to cut interest rates as uncertainty -- primarily about the impact of the U.S.’s trade battles -- clouded its outlook. The rally gathered pace in early 2020 as geopolitical tensions rose and the coronavirus outbreak hurt growth worldwide, pushing governments and central banks to unleash vast amounts of stimulus, and sending real rates slumping further into negative territory. “Strong gains are inevitable as we enter a period much like the post-GFC environment, where gold prices soared to record levels as a result of copious amounts of Fed money being pumped into the financial system,” said Gavin Wendt, senior resource analyst at MineLife Pty. A weak dollar and negative real rates are providing further impetus. Gold may consolidate before setting its sights on $2,000 and above in coming weeks, he said. The Message Behind Gold’s Rally: The World Economy Is in Trouble Investment demand has been unrelenting. Holdings in gold-backed exchange-traded funds have beaten all-time highs nearly every month since late last year and inflows this year have topped the record annual total set in 2009. The additions make up roughly one-fifth of expected mine supply for the year, according to research group Metals Focus. Gold’s been drawing investors even as equities climbed -- with the exception of a sharp selloff in March as traders liquidated bullion holdings to cover losses in other markets -- and it’s U.S. bonds that have been the key metric to watch. The metal is serving as an attractive hedge as yields on Treasuries that strip out the effects of inflation fall below zero. Read More: Mighty Short Squeeze May Be Building in Gold: John Authers The environment has even raised the specter of stagflation, a rare combination of sluggish growth and rising inflation that erodes the value of fixed-income investments. In the U.S., investor expectations for annual inflation over the next decade, as measured by a bond-market metric known as breakevens, have moved higher the past four months after plunging in March. Inflation also plays an important role in looking at prices in an historical context. Spot gold traded as high as $1,945.72 on Monday before closing at $1,942.24, topping its previous record by more than $20. Gold futures for December delivery settled at $1,955.40, a record for a most-active contract. Spot silver jumped as much as 8.1% to $24.6031 an ounce, the highest since 2013. When adjusted for inflation, bullion remains lower than its 2011 high and far below the historic peak in 1980, in the wake of the second oil price shock. It’s not just price moves that are proving historic. The virus shined a spotlight on a traditionally overlooked corner of the market: logistics. A chaotic period in March saw extreme distortions between London and New York gold prices due to an unprecedented snarl in the movement of physical metal, with the grounding of flights and refinery shutdowns sparking concerns about a shortage of bullion available in New York in time to deliver against Comex futures. That crisis eased -- there was enough gold -- but the dislocation prompted CME Group Inc. (NASDAQ:CME), which owns Comex, to announce that it would offer a new futures contract with expanded delivery options that included 400-ounce bars, which is the size accepted in London. It later said traders will be able to deliver gold in London vaults against the new contract. Fed Meets Next up for investors and a possible fillip for gold, is this week’s Fed meeting July 28-29, where officials are expected to keep interest rates near zero and debate a possible shift in its strategy. The Fed’s path forward will be closely watched. From December 2008 to June 2011, the Fed bought $2.3 trillion of debt and held borrowing costs near zero percent in a bid to shore up growth, helping send bullion to a record in September 2011. On top of historic low rates, central banks and governments have passed trillions in stimulus packages to curb the economic toll of the pandemic, and if that continues, investors will continue to buy into gold, said Nitesh Shah, London-based director of research at WisdomTree. “Some investors out there are a little uneasy o

Can you explain the image bro ! thank you .. what does your image indicates about gold?

welcome


I hope we have good analysis along with knowledge and experience. Thank You

Can you explain details support, resistanc?

Four-hour time with the penetration of the price below the flag can expect the price to fall to the bottom

Well, everyone in the market has their own experiences and we would like everyone to present their analysis so that we can have a better analysis for transactions with knowledge ?!
My analysis is based on the strength of buyers and sellers

In my opinion, each time frame has its own power and price target. Each time frame must be analyzed separately. And if gold is properly analyzed, it really has a lot of money-making power. Good luck

seem to be obeying trendline fr nw, the fundamentals is dt evryone is waiting on the GDP to be release to make a decision...bt overall gold is "buy the dip"

Its CP Let See the Price Reaction To It .

Because the movements in gold have a lot of acceleration going up and down. At the same time, we have to close some of the positions or a number of lost profits with profit and see the work continue

Gold Made PAZ For A Downside Move

Even in Big TF we can find IgnoredQM in easy way in form of Candlestick

The gold market is still in the hands of buyers

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