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USDCAD - Short Opportunity Identified on RetestHello Traders I wish you for a very good day! Here I update all my trade plans and setups based on technicals while nothing in here shared as a trading signal. So take them at your own risk. All these remains as just a prediction until we meet with the required criteria. Best regards! This is a very clear structure that price failed since August to break the resistance I have marked up. So with the retest the price has made by now signals me another potential down side which supports for a good profit potential. So trade is active in my portfolio towards shorts Leave me a message on TradingView for other trade related services. Thank You!
Short
by Biconomics
2
Falling DXY Indicating a Long Buy for the GBP and EUR vs the USDThere is a clear and obvious Head and Shoulders Pattern developing in the DXY or the US Dollar Index, (also referred to as the USDX). This H&S Pattern was first evident in Nov 2016 when Trump won the US Elections and it is, currently, again making another appearance. The Lower Arrow indicates 88, which is where the DXY fell to from the first occurrence of the H&S. The Rising Trendline (marked in Green between the Upper and Lower Bounds) has been broken and I feel that it will fall substantially, after rising a bit from its current value. All this implies a good run for the GBP and the EUR vs the USD, (in the case of the GBPUSD; a long trade till 1.3700 or even 1.4000 seems a fairly safe trade). There is also an interesting side-effect of a falling DXY, and that is, a potential weak rise in US Equities based off the back of a weak US Dollar. 2nd Feb 2020
TVC:DXYLong
by supratimbarman
4
The ultimate gold price predictions: the bull consensus is clearGold and silver prices are moderately down in midday U.S. futures trading Tuesday. Some upbeat remarks on the U.S. economy by Federal Reserve Chairman Jerome Powell helped to sink the safe-haven metals today. And on this day the global marketplace decided to brush off the coronavirus outbreak that continues to spread, which in turn rallied global stock markets, a competing asset class for the precious metals. Powell laid out a generally upbeat theme for the U.S. economy. He said the U.S. economy is in a good place at present and hinted the Fed will not be lowering interest rates this year. Powell did say the Fed is closely monitoring the coronavirus situation and said it is likely to slightly impact the U.S. economy. While the coronavirus outbreak continues to spread, it is now spreading at a lower rate of growth of new cases, which has again somewhat assuaged the marketplace Tuesday. There are now over 1,000 reported dead in China and over 42,500 afflicted. On this day the marketplace reckons the spread of the illness is getting under control and that the Chinese government, working with the U.S. and other countries, will keep the outbreak from becoming a pandemic. Traders and investors have been calmed down before on this matter, only to become anxious again. Once again, traders are markets are fickle. The safe-haven metal is in a bullish longer-term technical posture, amid an accelerating price uptrend seen on the monthly chart. More price gains for gold are likely in 2020 and in the coming years, including new record highs coming at some point down the road. In the Short term, Gold prices could drop however and in order to take advantage of the move We are Shorting the gold at the moment hence hedging our existing silver trade.
OANDA:XAUUSD
by GoldSilverAnalyst
What should we do next with USDxHello Trader around the world, how about your last friday, did you trade? Last friday I've trade the USDCAD and AUDUSD currency For AUDUSD I Long and lost already But USDCAD still at the big resistance and I have short already and put a stop loss at 500pip I really want Monday to come fast as I can Today I want to sharing all of you learn about How the currency connect Sometime maybe someone Long and Short position in the same time with same currency It was no good Long EURUSD and also Long USDCAD is wrong But Long EURUSD and Short USDCAD is great Cause if we look at USDx or Dollar index And try to compare with any currency you will see something connect First you shoud know that USDx will move same with USDXXX currency and XXXUSD will move converse in the same time Example Now USDx move up USDCAD should move upward EURUSD should move downward For now about USDx you will see a price have break already so if the price will continue to move up Price should comback and rest at the old Resistance or new support If you see a price move downward to support Is mean that USDx move downward Is mean that USDXXX move downward too Is mean that XXXUSD will move up Did you get it? I hope that the things that I have learned around 3 years can help you and you will be a great trader if you can Trade is a lot of things you have to learn And we always have to update a strategy Is didn't mean you know something and you will rich from it You have learn a lot of things and use it at the right time, timing is so important Just it, that's all for today About how there r connect Sorry for my bad English Hope this week you will get a lot of money Goodluck
TVC:DXYEducation
by TeamothyTrade
WE ARE EXECUTING THE TRADE NOWSignificant rebound in the U.S dollar index, U.S stock indices, and the latest ISM reading have pressured the precious metal sector moderately down.No significant major chart damage has been done. Analyzing the current situation within the sector we believe moderate price decline In Gold near the $1500- $1530 Range could be a bargain to enter long. The solid technical resistance For Gold resides at the January high of $1,619 however breakout over the recent high could open a new wave of buying. We are witnessing less safe heaven demand in silver and on “risk-off” days silver prices are breaking lower with significant volume however we have kept a close eye to this metal as it seems an opportunity To execute the trading position has come. we believe from risk to reward perspective Silver appeal among best opportunities at the moment As the silver price at the moment is 171.96% away from its all-time high made in 2011 whereas The yellow metal is only 17.28% away from its an all-time high. Please Note-All active trading positions could be executed within your portfolio if they have maintained a 1:2 risk and reward ratio. In other words, you shouldn’t be concerned about imitating our exact entry-level instead Initiate the trade if they have maintained a 1:2 risk and reward ratio.
OANDA:XAUUSD
by GoldSilverAnalyst
How high will gold go? Don't Mind The CorrectionFundamentals: As we are publishing this report Gold is trading at $1565 per ounce however the white metal is hovering around $17.60.Gold prices are moderately down after reaching three weeks high at $1590.Significant rebound in the U.S dollar index, U.S stock indices, and the latest ISM reading has pressured the precious metal sector down. The Institute for Supply Management (ISM) said on Monday its index of national factory activity increased to a reading of 50.9 last month, the highest level since July, from an upwardly revised 47.8 in December. A reading above 50 indicates expansion in the manufacturing sector, which accounts for 11% of the U.S. economy.silver prices were sharply down and the white metal has been weak since late December. We are witnessing less safe heaven demand in silver and on “risk-off” days silver prices are breaking lower with significant volume however we are keeping a close eye to this metal as it seems an opportunity is also building. we believe from risk to reward perspective Silver appeal among best opportunities at the moment. The coronavirus that has spread from China to other parts of the world remains in focus for the market. The latest counts show 17,500 Chinese citizens afflicted with over 350 dead. The global and domestic business has been significantly impacted there. The coronavirus outbreak has now reached more than 17,000 confirmed cases and killed more than 360 people in China alone. Outside of China, there are 150 confirmed cases and one death in the Philippines. On Monday $393 billion Got wiped from the Chinese stock market. Chinese economy has already been facing the downturn due to the trade war but now due to the coronavirus outbreak more severe downturn could be witnessed. Due to china's strong position in Global supply chains we could witness the severe downturn spread to other countries' stock index if factory closures are extended further and the market sell-off deepens. Due to China being the second-largest economy in the world, a broader economic impact couldn't be ruled out. Summary: Significant rebound in the U.S dollar index, U.S stock indices, and the latest ISM reading have pressured the precious metal sector moderately down.No significant major chart damage has been done. Analyzing the current situation within the sector we believe moderate price decline In Gold near the $1500- $1530 Range could be a bargain to enter long. The solid technical resistance For Gold resides at the January high of $1,619 however breakout over the recent high could open a new wave of buying. We are witnessing less safe heaven demand in silver and on “risk-off” days silver prices are breaking lower with significant volume however we are keeping a close eye to this metal as it seems an opportunity is also building. we believe from risk to reward perspective Silver appeal among best opportunities at the moment. Please note-We are not holding any position in our trading portfolio at the moment.
OANDA:XAUUSD
by GoldSilverAnalyst
PATIENCE, PROFIT, AND GOLDEN OPPORTUNITYPlease note-Trailed Stop loss at $1540(long entered at $1515) within our gold trading position has been reached Hence position is closed with Profit. At the moment we are not holding any position in our portfolio however, we’ll inform you as always before adding any trading positions within our portfolio. As we are publishing this report Gold is trading at $1550 per ounce however the white metal is hovering around $17.90.We have seen Gold prices reaching $1611 an ounce last week due to the severe conflict between the U.S. and Iran which involves the U.S. killing of the Iranian general Qassem Soleimani and Iran’s missile attack near U.S. troops in Iraq. However the softening of geopolitical tension between both nations along with the signing of a phase-one trade agreement between the United States and China on Wednesday, January 15 helped supporting investor’s and traders’ risk appetite. As a result gold prices Fell as much as $71 /oz from the recent peak, to trade near $1,550/oz currently. On Wednesday, Jan 15 we have also witnessed Dow Jones Industrial average reaching it’s all-time highs and closed above 29,000 for the first time ever. Summary-At the moment we are not holding any position in our trading portfolio even though we think that gold could drop to a range of $1515-$1525 it’s better to patiently wait at the time in order to have strong conviction towards the upcoming position. Any drop in the prices of Gold between the range of $1515-$1525 or near the psychological resistance resides at $1500 per ounce could be a bargain and may push prices higher which implies that something relatively drastic would need to occur for these support levels to be broken. The U.S.-China trade war, Brexit, weak manufacturing data, The uncertain macroeconomic environment, possible re-escalation of the U.S.-Iran tensions. Growing fears of a global economic slowdown or recession and upcoming U.S. presidential election all are supporting the Precious metal sector especially the yellow metal. Our current bias towards the sector is bullish and even though we are not holding any position we believe any correction should be seen as an opportunity to enter a long position between the range of $1515-$1525 or near the psychological resistance resides at $1500.
OANDA:XAUUSD
by GoldSilverAnalyst
We are making enormous gains in our portfolioUPDATE-We have Trailed our stop loss At $1540 hence locking our profit within the Gold Latest trading Position(Long entered at 1515). We would recommend our clients to do the same. Gold and silver prices are lower and nearer their daily lows in midday U.S. futures trading Wednesday after both metals spiked higher overnight following an Iranian missile strike near U.S. troops in Iraq. February gold futures hit a nearly seven-year high of $1,613.30 overnight, while silver scored a more-than-three-month high of $18.895. February gold futures were last down $12.70 an ounce at 1,561.70. March Comex silver prices were last down $0.168 at $18.225 an ounce. Global markets that were open Tuesday evening U.S. time were rocked when Iran launched at least a dozen missiles at military bases in Iraq where U.S. troops were stationed. Iran immediately claimed responsibility for the attacks, which is called “hard revenge” for the U.S. killing of its leading military general last week. There were no U.S. casualties. President Trump tweeted “all is well” and said in a speech Wednesday that Iran is “standing down.” It appears Iran did not want to kill Americans which would then likely see a massive U.S. retaliation. Military analysts believe Iran’s missiles are accurate enough to have inflicted more loss of human life if that’s what Iran’s leaders wanted. As the gold market sold off amid Trump’s speech Wednesday, U.S. stock indexes rallied to session highs and the indexes are now back near their record highs and equity bulls again have upside momentum. Crude oil prices sold off on the U.S.-Iran stand-down and following a bearish weekly U.S. stockpiles report. Crude oil prices spiked to a nine-month high of $65.65, basis Nymex crude oil futures, overnight, but are presently trading sharply down, at around $60.00. In other news Wednesday, the U.S. ADP national employment report for December came in stronger than expected, at up 220,000 jobs versus expectations for a rise of 150,000. The ADP report is a precursor to the more important jobs report from the Labor Department that is due out Friday morning. Please note-Fresh geopolitical risks will be appropriately priced into relatively fairly priced havens (there’s a rethink around negatively yielding European debt undermining their safe haven role) and global markets are only fully 'back to school' next week
FX_IDC:XAUUSD
by GoldSilverAnalyst
Congratulations on nice profit worth of 180+ PipsHello traders, hope you're doing good. Here we share our technical analysis considered to fundamentals and future price actions. We believe that this trade setup will help you to gather some required info for your trading. And we highly recommend don't follow the trade setup unless it means the confirmations as described or without our call. If you want to subscribe our premium signals service join our free telegram @traderchamp. We're really doing well so far with an average monthly target of 4k+ Profitable Pips. Congratulations, trade plan brought us a 180+ Pips on Short Entry We're expecting more. Keep following us for more or join with my team for valid entries. Drop me by via telegram @traderchamp Analysis: Gold had a huge pump early today! It's a great kick'n for the week. Gold started printing right above the price left last week by making a huge gap. I will go for a buy only if the price makes up to 1555. As this level is a safe haven for buyers to have fly above 1600 with very low risk. But still, we cant make a perfect decision right now. As Trump is really pissed off with Iran. Take a look over 1578.50 level as this is showing a kind of strong resistance on 1h timeframe. The red zone marked up is the gap left for printing, but mt4's showing a Lil higher gap. Follow up with me for more profitable trade setups or Join my team for accurate profitable entries. Good Luck! Join with my team to get valid entries with proper stop and profit limits Weekly 500 to 1500 Profitable Pips done Monthly targets cross above 3k on average Telegram } @profitliotrading For more details drop me by via telegram @traderchamp Instagram } @profitlio Facebook } @profitlio
FX_IDC:XAUUSD
by UnknownUnicorn4635080
1
Watch Another Analyst view on Gold and silver from our Team The biggest risks to financial stability in 2020 revolve around geopolitics and trade. Part of the reason why people are getting bullish is the idea that a lot of the grey clouds are starting to get answers and the year 2020 could be when we get the answers, But political events make trading difficult, especially when it comes to the pricing of risks, we expects to see a “highly volatile performance in the markets in 2020.” Through lowering rates and through massive re-establishment of balance sheet expansion, a lot of central banks are taking performance from the future. And to get anywhere near close those financial gains going forward will be very difficult. A lot of the global growth uncertainty going forward centers around trade agreements and tariffs. “That is the top risk we see in 2020.” U.S.-China trade war. One of the biggest risks of 2020 remains U.S.-China trade negotiations. “The key downside risks are really around trade negotiations.As the new year begins, the U.S.-China trade war concerns seem to be hiding under the radar.“The U.S.-China trade talks have clearly left center-stage in the face of the developments in the Middle East, but a team from China is expected to arrive in the United States for a signing ceremony on January 15.If trade negotiations with China were to fall apart, risk of a recession would exacerbate, That would continue to build uncertainty into economic outlook and will have an extended effect of fixed investment, which has already been struggling but China needs the U.S. and the U.S. needs China, so I suspect that trade pact will be signed.”Some analysts see phase one deal as a temporary measure that stopped additional tariffs from coming into effect."What seemed to have been agreed upon was just enough to delay the Dec. 15 tariffs. Nothing of the sort that was lauded to be a phase one trade deal. Going forward, the phase two trade deal negotiations could also be used as “a carrot” when the stock market sells off, “And any time there are worries, they will dangle this carrot of a phase two trade deal now because the idea of a phase one trade deal worked so well. U.S.-Iran tensions. The new risk in 2020 is the rising tensions between the U.S. and Iran following last week’s news that the U.S. killed Qassem Soleimani, the top commander of the elite Quds Force of the Revolutionary Guards, in a military airstrike.Geopolitical risk is probably concentrated more in the Middle East than it is anywhere else apart from the obvious exception of Hong Kong and China,.In the latest geopolitical move, the U.S. President Donald Trump tweeted that the U.S. has 52 Iranian sites set for attack if Iran retaliates against the U.S. for the killing of its general.2020 was supposed to be the year where the global economy bounces back to life after the US and China trade tensions thawed and investors got more clarity around Brexit. Events over the last week have undoubtedly put this outlook at risk. “Investors will remain on the defensive… as everyone now awaits a possible retaliatory response by Iran. This may not be an immediate one, but rather a protracted event which investors need to carefully calculate when determining their portfolio’s risk.. U.S. presidential election. Another key risk facing the markets in 2020 is the U.S. presidential election that will take place on November 3. The U.S. presidential election needs to be closely monitored as it directly impacts the financial markets. “With several possible outcomes, we see room for market volatility. This should set the stage for safe-haven assets to perform through 2020. The U.S. presidential election could potentially inflate recession fears."We still see scope for the U.S. election to perhaps be a key turning point for the global economy next year as well. So far, market reaction to the U.S. President Donald Trump impeachment news has been muted with analysts saying it bears little significance for investors because the Republican-controlled U.S. Senate is likely to vote against removing Trump from office. We have already shared our view towards the Gold and silver market in our previous trading idea however if we would have to give you one specific recommendation towards the precious metal sector we would say focus on the silver instead of the gold at the moment.
FX_IDC:XAUUSD
by GoldSilverAnalyst
NOW FOCUS ON SILVER MY FRIEND INSTEAD OF THE GOLD Gold prices are higher in midday trading Monday, but have backed well down from the overnight nearly seven-year high of $1,590.90, basis February Comex gold. Today’s low-range close hints that the gold bulls have run out of gas on a short-term basis and need a rest, or pause. Meantime, silver futures scored a more-than-three-month high of $18.55, basis March Comex futures. High geopolitical tensions are and will likely continue to support the safe-haven metals. February gold futures were last up $13.80 an ounce at 1,566.20. March Comex silver prices were last down $0.016 at $18.14 an ounce. The U.S. stock indexes coming well up from their overnight lows also encouraged some profit taking in gold from the short-term futures traders, following the recent good gains. As I reported early this morning, for the very short-term traders of gold (usually futures markets), here’s an important development: History shows that a big spike up in prices amid higher volatility tends to produce near-term market tops sooner rather than later, after that initial spike up. That means in the coming days the gold market could put in a “near-term” top that will last for a moderate period of time. Global stock markets are still upset on geopolitical fears following the U.S. drone strike late last week that killed Iran’s leading military figure. Asian and European stocks were down overnight. The key “outside markets” today see crude oil prices near steady after hitting a 22-month high at $64.72 a barrel overnight. Meantime, the U.S. dollar index is weaker amid a five-week-old downtrend in place on the daily bar chart. The weekend saw more saber-rattling from the U.S. and Iran. President Trump tweeted that the U.S. has 52 Iranian sites set for attack if Iran retaliates against the U.S. for the killing of its general. Meantime, Iraqi’s government voted to expel U.S. troops from Iraq, which prompted a response from Trump that the U.S. would impose economic sanctions on Iraq if such occurred. Nations around the globe issued proclamations urging restraint on the matter from both the U.S. and Iran. This is arguably the most serious geopolitical development in many years, and whose repercussions will play out for a long time to come. That will likely keep trader and investor risk aversion elevated for some time to come. That’s bullish for safe-haven assets like precious metals and U.S. Treasuries.
FX_IDC:XAUUSD
by GoldSilverAnalyst
something big is coming-1-4 MIN-Short term view,5-long term viewUPDATE-We have Trailed our stop loss At $1540 hence locking our profit within the Gold Latest trading Position(Long entered at 1515). We would recommend our clients to do the same. We expect 2020 to be another year of significant volatility, uncertainty and Turbulence as there are numerous things which could affect the market this year.U.S-China trade war, Negative yields, Brexit and recession threats are some of them. We have already seen Gold prices surpassing $1500 a few days ago and currently trading at around $1517.But the question is how these factors could impact our 2020 investment and Upcoming trading decisions? Please, Note- our both trading position in Gold (entered at 1530) and silver (entered at $19) have been closed as trailing stop loss has been reached. Both positions are closed in profit.we have updated and published our new macro research report, The research report is very crucial for you to analyze, It not only helps us forecasting Gold and silver prices but it also helps in providing the broader view of the U.S economic conditions, equity market, and even cryptocurrency market. s.docworkspace.com As we are publishing this report, Gold is trading at $1517 per ounce however the white metal is hovering around $18.We have witnessed Precious metal traders and analyst sentiment to be bolstered as The yellow metal break above $1500 per ounce. Gold hit a seven-week high despite comments by President Trump that a trade deal signing with China would be imminent.2019 also proved to be the best year since 2010 for the Gold market, Silver also rose and crossed above its 50-day moving average. The U.S.-China Trade war is still the most important factor which could affect the market in a tremendous manner. Most believe a partial trade deal will be signed in January which would help in Consumer demand and better global economic growth in 2020. The Greenback hit a five-month low Today where many currencies rallied significantly against the U.S. dollar, including the Swiss franc, Euro currency, Japanese yen, Canadian dollar, and Australian dollar. Gold’s price appreciation this week was largely driven by the Heavy weakness in the DXY and by an unexpected drop in U.S. durable goods orders. Hedge funds view on the precious metal market According to the median estimate of economists surveyed by Bloomberg, the likelihood of a recession in the next 12 months is 30 percent and Gold could rise 20 percent to $1,800 an ounce next year due to growing recession fears. The National Trucking Association puts the likelihood much higher at 80 percent. Extreme positioning in the futures market has been pared back, which could open the path for another rally close to $1,800.JPMorgan is bullish on 2020 and is advising clients to short gold via the options market, overweight equities and underweight bonds, reports Bloomberg. This is in big contrast to Goldman Sachs, which sees gold soaring next year. JPMorgan sees recession risks subsiding while Goldman sees recession risks arising from the trade war. Our view on the recessionary threats Anticipated by economists Many economists are anticipating a recession in 2020 however by not denying the risk of it in its entirety our research suggests that there is still room left for the DXY and the U.S stock indices to grow from the level they are currently trading at. The U.S consumer demand and corporate earning makes up 70% of GDP and has a significant effect on the overall economy. When we tried to find the sales growth of the top companies in the U.S. we found that Year over Year sales growth for a basket of economically sensitive companies is near 5%.Our findings suggest that U.S consumer demand is going strong However we would like you to analyze the entire macroeconomics data and information on your own. Gold And Silver COT Report Large speculators once again upped their bullish positioning in gold futures during the most recent reporting week for data compiled by the Commodity Futures Trading Commission (CFTC)During the week-long period to Dec. 24 covered by the report, Comex February gold gained $24.20 to $1,504.80 an ounce, while March silver rose 78.1 cents to $17.853.Net long or short positioning in the CFTC data reflect the difference between the total number of bullish (long) and bearish (short) contracts. Traders monitor the data to gauge the general mood of speculators, although excessively high or low numbers are viewed by many as signs of overbought or oversold markets that may be ripe for price corrections. The commission issues two reports each Friday — a so-called “legacy” report and a “disaggregated” report, started in 2009 and meant to offer more detail. The disaggregated report shows that in the week to Dec. 24, money managers’ net-long position rose to 218,846 futures contracts from 201,721 the week before. Nearly the entire rise was the result of fresh buying, as gross longs rose by 16,750 lots. Gold’s net-long position has now risen by 19% over the last two reporting weeks. In the case of silver , money managers’ net-long position rose to 52,897 futures contracts from 35,479 in the prior week. Most of the increase was fresh buying, as the number of total longs rose by 13,585 contracts. There was also some short-covering as reflected by a 3,833 decline in gross shorts. Our view of the precious metal market Although the DXY has ended the year 2019 by dropping at a five-month low we believe the U.S-China partial deal could boost global economic growth. we also expect the U.S to lead the most developed nations in economic activity in the next year. A rough consensus estimate shows that economists expect the U.S. economy to grow around 2% next year. Meanwhile, the European economy is expected to grow by about 1% next year. The market has gain technical momentum however the bigger resistance for gold stands at $1550.Mostly we execute only long term positions in our portfolio however at the moment it seems justified to open a short term buy position for Gold however keep in mind that our research suggests still suggest that the rally we could witness in the sector is fairly limited compared to the major breakdown within the precious metal sector which is yet to be seen
OANDA:XAUUSD
by GoldSilverAnalyst
The metals, money, and marketsUPDATE-We are Trailing our stop loss At $1540 hence locking our profit within the Gold Latest trading Position(Long entered at 1515). We would recommend our clients to do the same. We expect 2020 to be another year of significant volatility, uncertainty and Turbulence as there are numerous things which could affect the market this year.U.S-China trade war, Negative yields, Brexit and recession threats are some of them. We have already seen Gold prices surpassing $1500 a few days ago and currently trading at around $1517.But the question is how these factors could impact our 2020 investment and Upcoming trading decisions? s.docworkspace.com Please, Note- our both trading position in Gold (entered at 1530) and silver (entered at $19) have been closed as trailing stop loss has been reached. Both positions are closed in profit.we have updated and published our new macro research report, The research report is very crucial for you to analyze, It not only helps us forecasting Gold and silver prices but it also helps in providing the broader view of the U.S economic conditions, equity market, and even cryptocurrency market. s.docworkspace.com As we are publishing this report, Gold is trading at $1517 per ounce however the white metal is hovering around $18.We have witnessed Precious metal traders and analyst sentiment to be bolstered as The yellow metal break above $1500 per ounce. Gold hit a seven-week high despite comments by President Trump that a trade deal signing with China would be imminent.2019 also proved to be the best year since 2010 for the Gold market, Silver also rose and crossed above its 50-day moving average. The U.S.-China Trade war is still the most important factor which could affect the market in a tremendous manner. Most believe a partial trade deal will be signed in January which would help in Consumer demand and better global economic growth in 2020. The Greenback hit a five-month low Today where many currencies rallied significantly against the U.S. dollar, including the Swiss franc , Euro currency, Japanese yen , Canadian dollar , and Australian dollar . Gold’s price appreciation this week was largely driven by the Heavy weakness in the DXY and by an unexpected drop in U.S. durable goods orders. Hedge funds view on the precious metal market According to the median estimate of economists surveyed by Bloomberg, the likelihood of a recession in the next 12 months is 30 percent and Gold could rise 20 percent to $1,800 an ounce next year due to growing recession fears. The National Trucking Association puts the likelihood much higher at 80 percent. Extreme positioning in the futures market has been pared back, which could open the path for another rally close to $1,800.JPMorgan is bullish on 2020 and is advising clients to short gold via the options market, overweight equities and underweight bonds, reports Bloomberg. This is in big contrast to Goldman Sachs, which sees gold soaring next year. JPMorgan sees recession risks subsiding while Goldman sees recession risks arising from the trade war. Our view on the recessionary threats Anticipated by economists Many economists are anticipating a recession in 2020 however by not denying the risk of it in its entirety our research suggests that there is still room left for the DXY and the U.S stock indices to grow from the level they are currently trading at. The U.S consumer demand and corporate earning makes up 70% of GDP and has a significant effect on the overall economy. When we tried to find the sales growth of the top companies in the U.S. we found that Year over Year sales growth for a basket of economically sensitive companies is near 5%.Our findings suggest that U.S consumer demand is going strong However we would like you to analyze the entire macroeconomics data and information on your own. Gold And Silver COT Report Large speculators once again upped their bullish positioning in gold futures during the most recent reporting week for data compiled by the Commodity Futures Trading Commission (CFTC)During the week-long period to Dec. 24 covered by the report, Comex February gold gained $24.20 to $1,504.80 an ounce, while March silver rose 78.1 cents to $17.853.Net long or short positioning in the CFTC data reflect the difference between the total number of bullish (long) and bearish (short) contracts. Traders monitor the data to gauge the general mood of speculators, although excessively high or low numbers are viewed by many as signs of overbought or oversold markets that may be ripe for price corrections. The commission issues two reports each Friday — a so-called “legacy” report and a “disaggregated” report, started in 2009 and meant to offer more detail. The disaggregated report shows that in the week to Dec. 24, money managers’ net-long position rose to 218,846 futures contracts from 201,721 the week before. Nearly the entire rise was the result of fresh buying, as gross longs rose by 16,750 lots. Gold’s net-long position has now risen by 19% over the last two reporting weeks. In the case of silver , money managers’ net-long position rose to 52,897 futures contracts from 35,479 in the prior week. Most of the increase was fresh buying, as the number of total longs rose by 13,585 contracts. There was also some short-covering as reflected by a 3,833 decline in gross shorts. Our view of the precious metal market Although the DXY has ended the year 2019 by dropping at a five-month low we believe the U.S-China partial deal could boost global economic growth. we also expect the U.S to lead the most developed nations in economic activity in the next year. A rough consensus estimate shows that economists expect the U.S. economy to grow around 2% next year. Meanwhile, the European economy is expected to grow by about 1% next year. The market has gain technical momentum however the bigger resistance for gold stands at $1550.Mostly we execute only long term positions in our portfolio however at the moment it seems justified to open a short term buy position for Gold however keep in mind that our research suggests still suggest that the rally we could witness in the sector is fairly limited compared to the major breakdown within the precious metal sector which is yet to be seen
OANDA:XAUUSD
by GoldSilverAnalyst
The only thing that could help the gold bulls at the moment is?Gold lost its 1% daily gain as prices sold off after U.S. President Donald Trump tweeted that a trade deal with China is "very close getting VERY close to a BIG DEAL with China. They want it, and so do we! Trump tweeted Thursday morning. February gold futures immediately began to drop from $1,490 an ounce back to just above the $1,470-an-ounce level. At the time of writing, gold was trading at $1,472.90, down 0.14% on the day. Trump’s tweet boosted investors’ risk appetite, TD Securities head of global strategy Bart Melek told Kitco News on Thursday. “The tweet from U.S. President got risk appetite hopping here. The S&P 500 was up 0.9%. We had yields jumping higher; the U.S. dollar strengthened. All the elements that typically work for or against gold, worked against it today, “When the president comes out and tells the market that he is optimistic and this is getting done soon, the markets essentially start to believe that expectations of firming growth are for real and there is less of a chance the Federal Reserve cuts rates next year. “There is hope that equity markets will continue to perform well. There is a large vote of confidence in the form of significantly higher equity markets. That’s meaningful for people and drives capital away from risk-averse assets like gold and moves them into the risk-loving portfolio.”Gold rallied around 1% earlier on Thursday after jobless claims surprised on the downside, coming in at 252,000 versus the expected 213,000. Also, the ECB maintained its “highly accommodative” monetary policy in a continued attempt to push inflation higher in the first monetary policy meeting headed by the central bank’s new president Christine Lagarde. “The only thing that could help the gold bulls at the moment is if someone comes out and says that they are nor afraid to walk away from the U.S.-China trade deal,” Summary-We are witnessing sideways movement In the Gold and silver prices over the past week. Many analysts (Including us) believed that a $1450 price level for the yellow metal could be a strong support level which turned out to be positive. We were expecting a decline within the precious metal sector after Friday’s stronger-than-forecast report on U.S. nonfarm payrolls, which rose 266,000 in November however prices kept unchanged which is a slightly positive sign for Bulls. Technical chart and Economic indicators are giving a mixed picture however leaning more towards the bearish camp but we are taking caution and In order to secure our profit We have moved our stop loss in Gold at $1503 and In silver at $18. at the moment gold is near a key technical area – the 10-day moving average of $1,470.59 and the 20-day of $1,471.88. If gold can rally above here, the market may gain some technical momentum however the bigger resistance for gold stands at $1500(psychological level) and $1525 level. Overall it seems the rally we could see in the sector is fairly limited compared to the major breakdown within the precious metal sector which is yet to be seen.
FX_IDC:XAUUSD
by GoldSilverAnalyst
It's Just Getting StartedAs we are publishing this report Gold is trading at $1464 per ounce however the white metal is hovering around $16.60 We have warned you numerous times about the possible decline we could see in the white metal. we hope you would be Grateful if you have followed our advice if not there's always the next chance. A slightly higher price has been witnessed within the sector in U.S trading on Tuesday. Two key events this week could affect the market in a significant manner. Risk appetite of traders and investors has dropped as Next Sunday (Dec. 15) is the deadline for the imposition of new tariffs on Chinese imports into the U.S.We could see an escalation of trade war if president Trump will allow that new tariff to go into effect however most reports are suggesting now that the Dec. 15 deadline will be extended. The other key event of the week is the Federal Reserve’s Open Market Committee meeting (FOMC) that began Tuesday morning and ends Wednesday afternoon with a statement. It's expected that the Fed won't make any changes in its monetary policy however comments from Fed Chairman Powell could give clues to traders and investors regarding the Fed's future direction. The European Central Bank also meets on monetary policy Thursday. CFTC Gold speculative net positions. The disaggregated report shows that in the week to Dec. 3, money managers’ net-long position rose to 207,962 futures contracts from 194,287 the week before. This was due to fresh buying, as the number of longs increased by 13,552. Gross shorts fell by 123. However, analysts at Commerzbank noted that some speculators are likely to offset their positions Friday after a stronger-than-forecast U.S. jobs report – with a 266,000 rise in November nonfarm payrolls – helped U.S. equities and the dollar, undermining gold. CFTC Silver speculative net positions. In the case of silver, money managers’ net-long position fell to 44,173 futures contracts from 48,139 the prior week. The decline came about from both long liquidation (gross longs fell by 2,565 lots) and fresh selling (total shorts rose by 1,401). Summary-We are witnessing sideways movement In the Gold and silver prices over the past week. Many analysts (Including us) believed that a $1450 price level for the yellow metal could be a strong support level which turned out to be positive. We were expecting a decline within the precious metal sector after Friday’s stronger-than-forecast report on U.S. nonfarm payrolls, which rose 266,000 in November however prices kept unchanged which is a slightly positive sign for Bulls. Technical chart and Economic indicators are giving a mixed picture however leaning more towards the bearish camp but we are taking caution and In order to secure our profit We have moved our stop loss in Gold at $1503 and In silver at $18. at the moment gold is near a key technical area – the 10-day moving average of $1,470.59 and the 20-day of $1,471.88. If gold can rally above here, the market may gain some technical momentum however the bigger resistance for gold stands at $1500(psychological level) and $1525 level. Overall it seems the rally we could see in the sector is fairly limited compared to the major breakdown within the precious metal sector which is yet to be seen.
OANDA:XAUUSD
by GoldSilverAnalyst
Gold is going to the moon or will crash below the earth? Please, note-We are still holding our short position both in gold (entered at $1530) and silver (entered at $19) as we could witness the very severe breakdown within the precious metal sector in the upcoming days and months which would ultimately make our positions more profitable. In order to secure our profit We have moved our stop loss in Gold at $1503 and In silver at $18. - Gold prices are trading near steady in midday U.S. trading Monday. Gold and silver traders are awaiting a fresh fundamental spark to help drive prices. U.S. economic data was scant on Monday but the report tempo rapidly picks up speed beginning Tuesday. February gold futures were last down $0.10 an ounce at 1,465.00. March Comex silver prices were last up $0.064 at $16.66 an ounce. The world marketplace is seeing just a bit of risk aversion to start the trading week, following weaker economic data coming out of China, the world’s second-largest economy. China’s exports fell 1.1% in November, year-on-year, including shipments to the U.S. declining 23% in the period. China’s exports were seen up 1.0% in November. Imports were up 0.3% in the same period, and were expected to be unchanged. The U.S. economic highlight of the week is the Federal Reserve’s Open Market Committee meeting (FOMC) that begins Tuesday morning and ends Wednesday afternoon with a statement. The Fed is expected to make no changes in its monetary policy. The European Central Bank also meets on monetary policy Thursday. Technically, February gold futures bulls and bears are on a level overall near-term technical playing field amid recent choppy and sideways trading. Gold bulls' next upside near-term price breakout objective is to produce a close above solid technical resistance at last week’s high of $1,489.90. Bears' next near-term downside price breakout objective is pushing prices below solid technical support at the November low of $1,453.10. First resistance is seen at $1,475.00 and then at $1,480.00. First support is seen at $1,456.60 and then at the November low of $1,453.10, ok now let's analyze what smart money is doing within the sector,Large speculators added to their bullish posture in gold during the most recent reporting week based on positioning data compiled by the Commodity Futures Trading Commission. During the week-long period to Dec. 3 covered by the report, Comex February gold rose $17 to $1,484.40 an ounce, while March silver added 6 cents to $17.248. Net long or short positioning in the CFTC data reflect the difference between the total number of bullish (long) and bearish (short) contracts. Traders monitor the data to gauge the general mood of speculators, although excessively high or low numbers are viewed by many as signs of overbought or oversold markets that may be ripe for price corrections. The disaggregated report shows that in the week to Dec. 3, money managers’ net-long position rose to 207,962 futures contracts from 194,287 the week before. This was due to fresh buying, as the number of longs increased by 13,552. Gross shorts fell by 123. However, analysts at Commerzbank noted that some speculators are likely to offset their positions Friday after a stronger-than-forecast U.S. jobs report – with a 266,000 rise in November nonfarm payrolls – helped U.S. equities and the dollar, undermining gold. In the case of silver, money managers’ net-long position fell to 44,173 futures contracts from 48,139 the prior week. The decline came about from both long liquidation (gross longs fell by 2,565 lots) and fresh selling (total shorts rose by 1,401). Summary.We are witnessing sideways movement In the Gold and silver prices over the past week. Technical chart and Economic indicators are giving a mixed picture however leaning more towards the bearish camp but we are taking caution as we haven't seen a breakdown within the precious metal sector even when Major U.S stock indices are making all-time highs every day along with the building permits beating expectations. We still believe that a major breakdown within the precious metal sector is yet to be seen however In order to secure our profit We have moved our stop loss in Gold at $1503 and In silver at $18.
FX_IDC:XAUUSD
by GoldSilverAnalyst