the easiest and most reliable metod is the support and resistance levels + fibo. usually since 2011, U-turns have been in September. this year will be the same.
What is the action now in XAUUSD? 25 replies
Gold, is it right time to buy? 9 replies
Oanda now offers Gold and Silver 6 replies
DislikedGold Update: Wave "W" as part of a ZigZag (5-3-5) is nearly finished - i expect a corrective a-b-c for Wave "X" and than the final impulse to complete Wave [b]. Sixer {image}Ignored
Dislikedgold looks like it could top out soon as there is no fresh risk-off news 1450 maybe will hold as supportIgnored
QuoteDisliked
- Aviation authority says operations are ‘seriously disrupted’ but hopes to resume service by 6am on Tuesday, local time
Dislikedgold first started to spike after the Hong Kong airport was taken over by the children protestors in a few hours, the price will come back down once the airport resumes normal operation and the risks subside https://www.scmp.com/news/asia/artic...-fallout-after {quote}Ignored
QuoteDisliked"The net-long positions in the futures market are at an extreme territory and the total ETF positions are also substantial. If the newsflow becomes less supportive, a profit-taking wave could push gold prices easily towards USD 1,400 per ounce again. In addition, we think that the amount of monetary policy easing by the Fed and the ECB for this year is mostly priced in."
"So this will unlikely push gold prices to new highs. Moreover, we expect the US dollar to be resilient for the remainder of this year despite Fed rate cuts. This is because waves of risk aversion will also support the US dollar. Taking the above together we keep our gold price forecast for the end of 2019 at USD 1,400 per ounce, but we raise our forecast to USD 1,600 (from USD 1,500) for the end of 2020."
Dislikedgold first started to spike after the Hong Kong airport was taken over by the children protestors in a few hours, the price will come back down once the airport resumes normal operation and the risks subside https://www.scmp.com/news/asia/artic...-fallout-after {quote}Ignored
Disliked{quote} Ahhhh... yeahhhh... that feelz like what happened... back to my loongggssss!Ignored
Dislikedthat is what i see on the chart 1560 is a good target for bulls but it could be out of reach a test of the support levels is likely if the market turns to risk-on and stocks recover {image} https://www.fxstreet.com/news/gold-n...o-201908121846 {quote} {image} Extreme difference between large speculators and commercialsIgnored
Disliked{quote} The bulls woke up Looking for further upside and a retracement to join inIgnored