Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

mohsinqureshii

Gold Bullish or Bearish

Recommended Posts

Again and again ... till wave 4 ends. Then look out momma.

 

Hi SunTrader

Hong Kong is trading below 1100, but August Futures are 1103.50

Something is wrong?

Please have a look at the 10 year chart.

Where does your wave 4 end.? My next support level is $1000.:missy:

Kind regards

bobc

Gold_10_year.png.ddce003ec9f4a237d6aec231a9379504.png

Share this post


Link to post
Share on other sites

"sell the rallies"

 

and don't

 

"buy the dips"

 

;)

 

and whatever you do, for sure do not accumulate physical PM's ! ...

 

It was said "PM's are a hedge against political insanity" ... things have NEVER been more pliant, adaptive, sane and functional than now... PM's are a useless relic... cash can not be made illegal... cash can not be removed from circulation... a dollar's value is certain...

 

;)

Share this post


Link to post
Share on other sites

Gold: $1000 ahead?

Looking at the technical charts, Gold breaking below $1150 support was a significant move which pushed the bearish impulse for the yellow metal. A bearish target at $1000 in the coming months, but expects the psychological level to support gold prices from dipping further.

Share this post


Link to post
Share on other sites

 

It was said "PM's are a hedge against political insanity" ... things have NEVER been more pliant, adaptive, sane and functional than now... PM's are a useless relic... cash can not be made illegal... cash can not be removed from circulation... a dollar's value is certain...

 

;)

 

Everything has been flattened by central planning. Smoothed out, or optimized economies are the perfect breeding ground for cataclysmic economic events like we experienced less than a decade ago.

Share this post


Link to post
Share on other sites

Gold bearish because of expected Fed rate hike He begins by noting how the potential US interest rate hike has put pressure on commodities, and is a cause of their disappointing 13 year low. Another cause according to Gibson were the market players, who first bet on puts, and then drove the spot lower.

See more at: Only 3 gold stocks have outperformed Gold spot since 2010 - Tip TV

Share this post


Link to post
Share on other sites

Fed Chairwoman Janet Yellen recently reiterated the central bank’s plans to increase borrowing costs this year, prompting traders to adjust their expectations for the path of U.S. monetary policy and its impact on gold prices. Higher interest rates also tend to support the dollar DXY, +0.07% which is bearish for dollar-denominated prices of gold.

Bearish me friens, only bearish.:missy:

Share this post


Link to post
Share on other sites
Gold bearish because of expected Fed rate hike He begins by noting how the potential US interest rate hike has put pressure on commodities, and is a cause of their disappointing 13 year low. Another cause according to Gibson were the market players, who first bet on puts, and then drove the spot lower.

See more at: Only 3 gold stocks have outperformed Gold spot since 2010 - Tip TV

 

"because"?

"cause"?

garbage in, garbage out

Share this post


Link to post
Share on other sites
"because"?

"cause"?

garbage in, garbage out

 

A meme will be provided if you ask

 

The fake capitalism of the china put a “cast iron bid” under the market ...

The fake capitalism of the west put a “cast iron” lid on top of PM’s

 

Here Beginneth The Lesson... | Zero Hedge

Of Two Minds - When Authorities "Own" the Market, The System Breaks Down: Here's Why

 

A meme will be provided even if you don't ask

 

“I am long because I like stability especially with my money. “ Edward J. Webb

Share this post


Link to post
Share on other sites

Gold may move higher, but still not a time to go short

I believe gold will not fall to $850, but instead have the possibility of a bounce due to production cuts and thus lower prices. The average man on the street will be interested as he may see gold as overstretched

Share this post


Link to post
Share on other sites

Good analysis of gold

Gold prices and stocks: Get ready for some quality buys Rastani feels that lower levels in Gold prices and Gold stocks seem to be a good opportunity to enter into a buy trade, but we are still moving towards that opportunity and aren’t there yet. Rastani believes that the markets will have a good opportunity ahead to buy both gold and quality gold stocks as long-term the precious metal will rise. He further advices to look for bottoming patterns by end of the year before jumping in to buy Gold. - See more at: Oil analysis: Short September rally to $50 in October, Look for bottoming signs before buying quality Gold stocks - Tip TV

Share this post


Link to post
Share on other sites

Fundementally, CBs are fighting deflation; traces of a global deleveraging which still continues.Gold is a good place to be when there is inflation and not deflation.

 

Technically, there is too, too much supply still out there for a bottom to be put in place. Any pop up in price gets met with more supply. As long as there are traders/investors that are willing to sell at the lows, well.

 

My opinion is we will see a collapse in PM and Energy prices before we see higher prices, given that the same players who brought us the 2008 melt down and now heavily involved in both. Stay tuned for imploding hedge funds. I am pretty confident gold will see $500 and if we hit extremes, $280. Just guessing

Share this post


Link to post
Share on other sites

:helloooo:

 

My last post clearly was misunderstood

.. and I'm checking to see if I could have been more facetious.

NOPE.

 

Now, I'm now checking to see if this post has ANY facetious.

NOPE...

 

 

For those who are speculating on the dollar—i.e. most people—there was good news this week. The dollar rose almost a milligram, to 28.3mg gold. That’s a big gain, and welcome news for those who keep all of their eggs in the one dollar basket, perhaps because they don’t want to risk any of it on pet rocks...
https://monetary-metals.com/monetary-metals-supply-and-demand-report-26-july-2015/

 

 

 

 

You cannot understand gold if you think it goes up and down, that the dollar is money and therefore the measure of all things, including gold. This is a very bold statement...

 

Mainstream articles often ask the question if gold is a good inflation hedge, which means: does gold go up as much as consumer prices. You know what comes next. They trot out a chart of the Consumer Price Index with the price of gold overlaid ...

https://monetary-metals.com/monetary-metals-supply-and-demand-report-2-august-2015/

 

 

 

 

 

 

MM be talk some supply and demand smack to has it all figured out...

I’m too autistic to even phrase questions for him xplain it. (... and I don’t think it would matter to creation of questions if I were bullish gold --- or bearish gold * )

 

... 25,386 oz reduction in deliverable Comex gold from 376,906 on Thursday pushed the amount of registered Comex gold to an all time low: at 351,519 ounces, or just barely over 10 tons, registered Comex gold has never been lower!

http://www.zerohedge.com/news/2015-08-03/comex-edge-deliverable-gold-drops-record-low-124-ounces-paper-every-ounce-physical

 

 

 

 

This article establishes that the price of gold and silver in the futures markets in which cash is the predominant means of settlement is inconsistent with the conditions of supply and demand in the actual physical or current market where physical bullion is bought and sold as opposed to transactions in uncovered paper claims to bullion in the futures markets. The supply of bullion in the futures markets is increased by printing uncovered contracts representing claims to gold. This artificial, indeed fraudulent, increase in the supply of paper bullion contracts drives down the price in the futures market despite high demand for bullion in the physical market and constrained supply. ... the bear market in bullion is an artificial creation.
Supply and Demand in the Gold and Silver Futures Markets - Paul Craig Roberts and Dave Kranzler - PaulCraigRoberts.org

 

 

 

 

 

wtf ya'll aren't clicking through anyways..

Of Two Minds - Currency Devaluation: The Crushing Vice of Price

 

I'm stilled scared you missed something along the way... so here

Of Two Minds - Maintaining the Illusion of Stability Now Requires Ever-Greater Extremes

 

 

 

 

* fwiw, I’m neither... price insensitive... trade gold for silver...

there's better speculative action in other "commodities"

- which btw did not crash the last time... plus it's different this time...oh sht facetious is back!

Edited by zdo
found and admitted some facetious

Share this post


Link to post
Share on other sites

"Good analysis of gold"

you missed the smilie?

you missed the sarcasm?

you missed the snicks?

you missed the smell of facetious?

 

Of course like I said previously. Because it is all bullish!!! :roll eyes:

 

Boolish in terms of what?

 

 

 

 

 

 

 

One more time peeps - "trade gold for silver"

 

(and

if you don't have any gold,

buy what ?)

Share this post


Link to post
Share on other sites

Francis Hunt, The Market Sniper, looks at the Gold market, and further gives the outlook for the yellow metal and USD/ZAR Technicals favour a downside move Hunt looks at a few charts for Gold prices and notes that the precious metal shows a continuation pattern. He sees the price action in the technical charts as favouring a downside move towards $1000 levels.

See more at: Gold sees a possible move towards $1000 | TipTV.co.uk

Share this post


Link to post
Share on other sites
What do you see Gold in next 3 months ? Bullish or Bearish ? Is Gold really heading towards 2500 $ an oz as major research firms of the world predict.

 

Your view please.

 

message too short. please lengthen to at least 20 characters

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Method of analysis: Locked-in Range Analysis Period: 10 January - 15 January Currency futures: Euro FX, Japanese Yen, British Pound, Australian Dollar, Canadian Dollar, Swiss Franc, New Zealand Dollar * A maximum potential profit of the Gravitation Locked-in Range
    • re our ‘money’ Howard Wang
    • Date : 13th January 2021. FX Update – January 13 – USD & Yields stall their run, Politics swirls. FX News Today USD reversed its 5 day run as Yields stalled too. House vote tonight to impeach President Trump, (YouTube have banned him for 7 days), Pence will not initiate the 25th Amendment to remove him. The symbolism is significant, no President has ever been impeached twice. Equities flat too (UBER +7.24%,TSLA +4.72%, FB -2.24%, GooGL & NFLX -1.00%) Asian markets also flat. GBP rallied after Bailey pushed back on Negative Interest Rates. Oil rallied over 1% after surprise inventory drawdowns peaked at $53.90, AUD pegged by possible RBA “push back” to strong AUD. Gold recovered $1850.China reported its largest daily new COVID-19 cases in 5 months.USDIndex – Back under 90.00 from rejection of 90.50 yesterday. Trades at 89.95 just over S3 – PP 90.40 – S3 89.90, S2 90.07EUR – Recovered back over 1.2200 (R2) – Trades at 1.2215 now– PP – 1.2157. R3 1.2225 –JPY – Reverses under 104.000 – after rejection 104.50 on Monday. – Trades at 103.68 (200hr MA). – PP 103.90, S1 103.55GBP – Big rally – spurred by USD weakness and Governor Bailey pushing back on Negative Interest Rates. Breached 1.3600 after multiple attempts – rallied to 1.3690 – PP 1.3585, R1 1.3668, R2 1.3715AUD – Over 0.7700 yesterday to test 0.7770 (R2) now. R1 0.7748 – NZD – Over 0.7200 yesterday to test 0.7240 (R3) now. r2 0.7215 CAD – back to test 1.2700 (S2) today as Oil rises – S1 1.2725, S3 1.2664 from Friday CHF – Trades back to 0.8850 (200hrMA) and under S3 (0.8865)- PP 0.8900 BTC – Back to around $34,600. – PP today 34,500, r1 36,600, s1 32,800GOLD – Recovers over 1850 (PP) – Trades at 1860 (R1) – R2 1875, PP 1840 USOil – New 11-mth high $53.90 (R2) after surprise drawdown in private inventories (EIA data later). R3 $54.70, r1 53.55.USA500 – Closed up 1.5 (+0.04%) 3800 – USA500 FUTS now at 3808. 48 days north of 20SMA (3740).Today – EZ industrial production, US CPI, ECB’s Lagarde, Fed’s Bullard, Brainard, Harker, Clarida Biggest (FX) Mover @ (07:30 GMT) GBPAUD (+0.23%) 5th day higher – Bounced from 200MA on open, testing 1.7625 now, key resistance 1.7650. Fast MAs aligned and trending higher, RSI 59 and rising, MACD histogram & signal line aligned higher and north of 0 line from Monday open, Stochastics rising to OB. H1 ATR 0.023, Daily ATR 0.0125.Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • XRPUSD Is Ranging Within $0.28 and $0.21 Levels, Awaiting a Breakout XRP/USD Market January 06 An increase in the bears’ pressure may penetrate the $0.21 level; the price may decrease further to $0.17 and $0.10. In case the support level of $0.21 holds, the price may reverse and the resistance levels of $0.28, $0.39, and $0.49 may be tested. Key Levels: Resistance levels: $0.28, $0.39, $0.49 Support levels: $0.21, $0.17, $0.10 XRP/USD Long-term Trend: Ranging XRPUSD is on the ranging mode in the daily chart. The coin is range-bound within the resistance level of $0.28 and the support level of $0.21.  XRPUSD started the ranging movement on December 30. The bears made an attempt to break down the support level of $0.21 failed due to low bearish momentum. Today, the bears try to penetrate the resistance level of $0.28 but the level holds and the price could not break it up. Ranging movement will continue until there is a breakout. XRPUSD Daily chart, January 06 XRPUSD is struggling to breakout at the two key levels but the levels hold the price. An increase in the bears’ pressure may penetrate the $0.21 level; the price may decrease further to $0.17 and $0.10. In case the support level of $0.21 holds, the price may reverse and the resistance levels of $0.28, $0.39, and $0.49 may be tested. However, the price retains its trading below 9 periods EMA and the 21 periods EMA, the former is below the later. The relative strength index period 14 is at 25 levels bending up to indicate a buy signal. XRP/USD Medium-term Trend: Ranging On the medium-term outlook, XRPUSD remains in the ranging mode. The bears’ momentum and the bulls’ momentum are at equilibrium within the $0.28 and $0.21 levels. The support level of $0.21 is resisting the bears. The bears lose their momentum and the bulls’ pressure is equally weak. The price results in consolidation within $0.28 and $0.21 price levels. XRPUSD 4 hour chart, January 06 The fast-moving average is interlocked with the slow-moving average. The price is hovering over the 9 periods EMA and 21 periods EMA which indicates that consolidation is ongoing. However, the relative strength index period 14 is bending up at 60 levels to indicate a buy signal.   Source: https://learn2.trade                   
    • Litecoin (LTC) Resumes Upward Move as Bulls Buy the Dips Key Highlights Litecoin slumps to $121 low and resumes upward The altcoin will further decline to $73 if the support at $120 cracks Litecoin (LTC) Current Statistics The current price: $144.63 Market Capitalization: $9,613,048,370 Trading Volume: $12,189,426,086 Major supply zones: $120, $140, $160 Major demand zones: $90, $70, $50 Litecoin (LTC) Price Analysis January 12, 2021 Litecoin has fallen to $120 low as the coin resumed its upward move. The crypto has fallen into the previous range bound zone of $120 and $140. LTC will retest the $180 resistance if the bulls clear the $140 and $170 minor resistance levels. On January 10, Litecoin was repelled as the bulls attempt to break the $180 resistance level. Meanwhile, the crypto has resumed upside momentum as the market reaches the high of $146. LTC/USD – Daily Chart Litecoin (LTC) Technical Indicators Reading After the breakdown, the LTC price broke above the SMAs which suggested an upward movement of the coin. The crypto is at level 51 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. LTC/USD – 4 Hour Chart Conclusion Litecoin has fallen to $120 low as the current support holds. This has propelled the price to rise on the upside. However, if the $120 support fails to hold, the Fibonacci tool price prediction will hold. On January 11 downtrend; a retraced candle body tested the 61.8%Fibonacci retracement level. The retracement indicates that the crypto will reach level 1.618 Fibonacci extensions or the high of $67.40.     Source: https://learn2.trade                   
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.