This is my anticipation on (XAU/USD) GOLD. But we have to keep watching the movement on DXY. -- WHAT DO YOU THINK?
Kamunda
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DislikedThis is my anticipation on (XAU/USD) GOLD. But we have to keep watching the movement on DXY. -- WHAT DO YOU THINK? {image}Ignored
Disliked{quote} I agree that gold has some upside potential. I'm not sure there about the timing of it and whether or not we are dont retracing. After retesting some November lows, Gold is holding well above the $1450 handle. It should be a pretty low volume rest of the week too. I don't expect much. {image}Ignored
Disliked{quote} I agree that gold has some upside potential. I'm not sure there about the timing of it and whether or not we are retracing. After retesting some November lows, Gold is holding well above the $1450 handle. It should be a pretty low volume rest of the week too. I don't expect much. {image}Ignored
Disliked{quote} Agreed. I think we're looking at a slow rest of the week unless China decides to retaliate over the Hong Kong bill.Ignored
Disliked{quote} That fundemantal sentiment would fit in well with the Overall structure we are looking at, the weekly chart has pulled back into the W1 buy zone and as such that fundamental outlook would validate what the technical's are suggesting in that this is a mere retracement of the overall bullish structure {image}Ignored
Disliked{quote} That fundemantal sentiment would fit in well with the Overall structure we are looking at, the weekly chart has pulled back into the W1 buy zone and as such that fundamental outlook would validate what the technical's are suggesting in that this is a mere retracement of the overall bullish structure {image}Ignored
Disliked{quote} I couldn’t agree more. I’m considering making a big bet on gold in the near future. We’ve been in a risk-on environment lately and gold has held up reasonably well. That’s very bullish as far as I’m concerned, just wait until we are in a risk off environment again!Ignored
Disliked{quote}. I am not going to go too big just yet bud, i will start of incrementally with small lots sizes and look to compound it.....Ignored
Disliked{quote} Breaking out range 1452-1462 would decide. You are right bud. It's fib38.2 retracement but if 1452 broken it may go till 1412 fib50. Well I am also looking for long here with SL below the rangeIgnored
DislikedClouds of US - CHINA trade deals are getting clear!! Gold has broken the major support area (1473-1484). If everything about the deal is right and signed by 15/11/2019, the target is 1445. Before that I think it will retest the breakout level of 1473 various times. I am placing limit orders. {image}Ignored
Disliked{quote} An Update. Overall - Hinge towards the 15 Dec deadline for US CHINA deal . Technically The breakout from rectangle 1453-1461.5 can only be validated after the clarity on the deal. Fundamentally- if Deal fails- PA will go upwards to 1485, If deal passes PA will go down below 1453. {image}Ignored
Disliked{quote} Great analysis tush1822! I really like how you tie fundamentals and technicals in together, excellent work.Ignored