Get started

Buygold

GOLD-(XAU): Fundamentals and Technicals Support This Next RUN Fundamental Analysis: It was always made clear to me that Gold is the "Safe haven" where money is shifted to in times of uncertainty and fear. Gold is also commonly bought to be used as a hedge. Take the tariff war that is currently going on between World Leaders, the increased tariff rates seem to have no limit. In return, the inflation to the US Dollar will have many people with their sights on Gold. A few examples of recent gold bull trends during down markets would be in 2002-2007 when the dollar fell drastically (40% against the euro). Gold also ran 240% in 2008 when the bank treasuries credit giveaways were discovered where gold found itself surging to $1,895 in 2011. Technical Analysis: The Markets were hit hard last week and during this time we saw Gold make a strong move to the upside, breaking out of its 3 month falling wedge to finish the corrective Wave 2/5. As we begin our impulsive wave 3 up, my fib measurement on this completion is sitting around 1450, where I believe we will be rejected for a corrective wave. I would like keep a close eye on the volume to see if it will pick up, However I see clear skies concerning the Volume Profile (VPVR).
FX:XAUUSDLong
by wolf_rojo
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