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TAKING HUGE PROFITS OUT WITH SILVER AND REOPENING THE GOLD TRADEUPDATE-We have took the entire profit out of the table from our silver trade at $15.700 which is mentioned below and making profit of about 1500 USD,However our risk free trade gold has been closed Automatically with no profit and no loss-we are reopening the gold trade Currency Pair: XAGUSD ( SILVER )-(This trade has been closed) Sell Stop Entry Price:16.00 Take Profit: 14.00 Stop Loss:16.100(moved stop loss) Capital Risk:500 USD Potential Reward: 12000USD Risk/Reward: 1:6 OUR EXISTING POSITION Currency Pair: XAUUSD ( Gold ) Sell Stop Entry Price:1320 Take Profit: 1160 Stop Loss:1320(we will reduce the stop loss points once positions will be more favorable) Capital Risk:2000USD(amount may vary depending on your account size and risk tolerance) Potential Reward: 18000USD Risk/Reward: 1:9 (we can adjust (limit, close or even reverse) the position before this price level is reached)
FX:XAUUSDShort
by GoldSilverAnalyst
Dollar index is on the verge of a breakoutGold and silver are trading range bound from quite some days however we have seen a slight bounce in the yellow metal today and the primary reason for that is the sell-off in the greenback which we have witnessed today. Yesterday we informed you about the possibility of the government shutdown this Friday but now It appears that the government shutdown will be avoided this Friday, However, the main focus of the market continues to be on the U.S-China trade war negotiation talk which will be held in Beijing. The precious metal sector is showing a little bit of weakness due to the recent rally we have witnessed in the greenback. The technical picture of USDX is very bullish and it seems greenback is on the verge of a breakout which will ultimately prove to be a bearish case for the yellow and the white metal(In our next analysis we will discuss the reasons That why we believe the USDX is on the verge of a breakout-EURO Weakness is definitely one of them) OUR EXISTING POSITIONS Currency Pair: XAGUSD ( SILVER ) Sell Stop Entry Price:16.00 Take Profit: 14.00 Stop Loss:16.100(moved stop loss) Capital Risk:500 USD Potential Reward: 12000USD Risk/Reward: 1:6 Currency Pair: XAUUSD ( Gold ) Sell Stop Entry Price:1320 Take Profit: 1160 Stop Loss:1320(we will reduce the stop loss points once positions will be more favorable) Capital Risk:0USD(amount may vary depending on your account size and risk tolerance) Potential Reward: 18000USD Risk/Reward: 1:9 (we can adjust (limit, close or even reverse) the position before this price level is reached)
FX:XAUUSDShort
by GoldSilverAnalyst
Trading Gold? Don't Neglect the USD Index.Gold has tried to break above the $1,300 handle several times in the last few days. Ultimately, gold bulls have failed to break above that level, and the price retraced to $1,276 early this week. If you're trading gold, always pay close attention to the US dollar index. Notice today's Spinning Top pattern on the USD index, combined with the horizontal resistance. On the Gold chart, notice the trendline support and the newly-formed rectangle consolidation pattern. A falling US dollar causes the price of gold to rise, and vice-versa. Just like the US dollar, gold tends to appreciate in times of political uncertainty and economic slowdown. Those assets are called safe-havens, and also include the Japanese yen and Swiss franc from the group of major currencies. However, the dynamics behind the demand for the US dollar and gold in times of a risk-off market environment are quite different, which can lead to an actual inverse relationship between those two assets. While the US dollar usually appreciates as a store of value when the stock and bond market doesn’t generate adequate returns for investors, leading to a conversion of their stock and bond investments back into the US dollar and pushing its demand, gold exhibits a different pattern. The yellow metal serves as a safe place of last instance until investors are ready to take on riskier investments again. This pattern of collective market psychology can be identified during the economic slowdown from 2008 to 2011. The US dollar Index – which reflects the value of the US dollar against a basket of other major currencies – rose sharply over the course of 2008 while the S&P 500 Index lost almost half of its value during the same period of time. Stock investors were selling their stock portfolio in exchange for US dollars, which in turn pushed the currency higher. Interestingly, gold lost almost 30% of its value during 2008, only to skyrocket from 2009 to 2011 to an all-time record high of $1,895 in September 2011. Worries over the US debt and the European Greek-crisis saw hordes of investors selling the US dollar and euro and fleeing to the safe-haven of gold. Consequently, the US dollar Index reached a three-year record-low in 2011. With the majority of gold still traded in US dollars, it’s no wonder that the exchange rates between US dollars and other currencies have a great impact on the price of gold, creating an inverse relationship between them. Most of the time, all commodities that are denominated in US dollars (including oil, silver, copper etc.) move in the opposite direction than the US currency. The reason behind this is rather simple. Beside the market dynamics of an economic slowdown mentioned above, a stronger US dollar leads to weaker currencies in the rest of the world, decreasing the demand for gold and its price in dollar terms. Similarly, a weakening dollar leads to relatively stronger foreign currencies, which pushes the demand for gold and increases its price in dollar terms. A stronger US dollar lowers the price of gold on foreign markets, and vice-versa. Another reason for the inverse correlation between the US dollar and gold is closely related to gold’s role as a safe-haven of last instance. Basically, in times of a weakening dollar, investors are leaving dollar-denominated securities and the dollar itself, and start buying gold as an alternative investment to store value and preserve the purchasing power of their investments. As the supply of gold is naturally limited, the increased demand can lead to large price fluctuations to the upside.
INDEX:DXY
by MujkanovicFX
THE ULTIMATE SHORT BUT WHERE IS THE DECLINE?At the moment of publishing this report gold is trading at around $1230 while white metal is trading at $14.38, from weeks we were informing you that U.S-China trade-war would impact the precious metal prices either in a positive or negative way and as the agreement reached between the two countries to a temporary halt,hence we have witnessed a correction in the precious metal sector,we also informed you that it's a possibility that any ease off in the trade-war would shoot up the gold and silver prices in a significant manner but what happened? Gold and silver made short-term price correction even after the news which was bullish for the P.Ms including U.S-China temporary suspension of fighting which came out today and last week’s surprisingly dovish comments coming from Federal Reserve Chairman Jay Powell. Prices unable to surge in a dramatic manner even after this bullish news are a very bearish development for the precious metal sector, however at the same time Large speculators increased their net bearish positioning in gold during the most recent reporting week for data compiled by the Commodity Trading Commission. we also witnessed modest gains in crude oil prices on hopes for better world economic growth if the U.S and China stop there trade war, however, most experts are not expecting trade war to be resolved over a long-term however in short-term this temporary halt also drove the Asian and europian stock market higher. The statement from the Russian and Saudi Arabian officials that they want to extend production cuts was also a factor which drove the oil prices higher today. Technicals-Our two position are in gold and silver and silver position is already running in profit, however, we believe buyers should be very cautious at this point as we believe 1200 level will be easily broken and there is not much support until 1180. Gold -0.73% -0.07% -0.37% 0.17% 0.69% likely will not be able to support around its psychological level if the U.S Dollar keeps rising and there are numerous factors which are suggesting the future dollar strength- overall it seems that position in gold -0.73% -0.07% -0.37% 0.17% 0.69% and silver -0.14% -0.14% -0.35% 0.49% 0.57% will be highly profitable in coming weeks-we are very bearish for the precious metal sector and we think the downfall has just been started. existing positions Currency Pair: XAUUSD -0.61% ( Gold -0.74% ) Sell Stop Entry Price:1220 Take Profit: 1180 Stop Loss:1240 Capital Risk:2000USD(amount may vary depending on your account size and risk tolerance) Potential Reward: 4000USD Risk/Reward: 1:2 (we can adjust (limit, close or even reverse) the position before this price level is reached) Should you require any more information don't hesitate to contact us. Many regards, Short term Trades Currency Pair: XAG -0.83% .USD( silver -0.21% ) Sell Entry Price: 14.500 Take Profit: 14.000 Stop Loss: 15.00 Capital Risk: 2000USD-(amount may vary depending on your account size and risk tolerance) Potential Reward: 2000USD Risk/Reward: 1:1 (we can adjust (limit, close or even reverse) the position before this price level is reached)
FX:XAUUSDShort
by NeerajPandey
Is Gold Forming a Bottom, or a Bear Flag?At the time of publishing this report gold is trading at around $1220(our entry price) whereas white metal is Trading lower at $14.16 which implies that our position in silver is already running in profits and we believe it' going to hit the target very soon along with the sharp downside fall in yellow metal prices. we witnessed a sharp downside fall in silver and moderate fall in gold prices as The U.S. dollar hit a new daily high while crude oil prices broke below further and reached a fresh daily low. Oil prices dropped below $50 a barrel Today. we already informed you that falling prices in oil is deflationary and most analysts try to predict the upcoming cycle of inflation or deflation based upon the current oil prices Trend, however, weak oil prices mean inflation expectations will remain low-.U.S. President Trump and Chinese President Xi are scheduled to meet face-to-face in Argentina This Saturday- The important thing to understand here is that the U.S CHINA Trade war is very bearish for the gold and silver and as Trump has already made negative comments on this matter on Monday market is not expecting any improvement in the situation-the U.S CHINA Trade war is also a factor which is contributing to The U.S dollar bullish movement, However, any easing in the ongoing trade war will shoot up the prices of gold and silver- we need to see the fed cutting or pausing the interest rates hike which will ultimately drive the precious metals prices higher but as we already know fed rate hike seems not to stop very soon-Markets are expecting fed to raise rates in December and two another rates hikes next year, however, this expectation has been cut in half as previously market expectation was four rate hikes in the next year,Negative sentiment can also be seen in futures markets as bearish speculative positioning continues to dominate the precious metals Technicals-Our two position are in gold and silver and silver position is already running in profit, however, we believe buyers should be very cautious at this point as we believe 1200 level will be easily broken and there is not much support until 1180. Gold -0.73% -0.07% -0.37% 0.17% 0.69% likely will not be able to support around its psychological level if the U.S Dollar keeps rising and there are numerous factors which are suggesting the future dollar strenth-The declined started in Asia-pacific trade after it went below the 100 days moving average at last week overall it seems that position in gold -0.73% -0.07% -0.37% 0.17% 0.69% and silver -0.14% -0.14% -0.35% 0.49% 0.57% will be highly profitable in coming weeks-we are very bearish for the precious metal sector and we think the downfall has just been started. existing positions Currency Pair: XAUUSD -0.61% ( Gold -0.74% ) Sell Stop Entry Price:1220 Take Profit: 1180 Stop Loss:1240 Capital Risk:2000USD(amount may vary depending on your account size and risk tolerance) Potential Reward: 4000USD Risk/Reward: 1:2 (we can adjust (limit, close or even reverse) the position before this price level is reached) Should you require any more information don't hesitate to contact us. Many regards, Short term Trades Currency Pair: XAG -0.83% .USD( silver -0.21% ) Sell Entry Price: 14.500 Take Profit: 14.000 Stop Loss: 15.00 Capital Risk: 2000USD-(amount may vary depending on your account size and risk tolerance) Potential Reward: 2000USD Risk/Reward: 1:1 (we can adjust (limit, close or even reverse) the position before this price level is reached)
FX:XAUUSDShort
by NeerajPandey
YOU IGNORED US NOW FACE THE CONSEQUENCES we witnessed the equity market correction in previous months where analysts were fearful of coming next financial crisis as we saw in 2008 or even bigger than that but our study suggests that despite the equity market correction investors and long-term traders aren't interested in the precious metal sector because they aren't afraid of a bear equity market. The non- fear factor can be seen in the financial market stress index published by the St Louis Federal Reserve and the CBOE Volatility Index ($VIX), also known as the fear gauge-as of now we are seeing the USD Dollar index has jumped to its highest level since June 2017 which is making immense pressure on both gold and silver and our short-term analysis suggest that once yellow metal will broke below $1190 level(our take profit) more selling pressure will start from this point-we as a gold and silver analyst are focusing more on the U.S. dollar, positioning analysis and global macro data these are the factors that could affect gold and silver prices in the long term-some other important factors which are making pressure on P.Ms are WTI crude oil significant decline along with weak CNY and rising yields- Please note-Russia and Saudi are about to cut their oil export and we believe at this moment of time investors should monitor any outcoming global macro data very carefully Our previous comment 1-we believe after the US mid-term election when the dust will be settled, the recent news events and relatively strong earning data will push the US stock market and economy to upside in a significant manner 2-If US-CHINA Trade war will be eased through the losing the policy by trump in the near future, we expect the equity market to surge 5-10% over a few weeks or even in few days on that news alone, hence a significant downfall in the precious metals sector. 3-we strongly believe experienced money managers and strategic professional trader should tight their seat belts and should start taking trades in gold 0.18% -0.31% and silver -0.21% 0.00% as we are expecting a sharp move as the price could move in a very aggressive manner soon-However we are very bearish for the mid and long-term in the precious metals sector.
FX:XAUUSDShort
by GoldSilverAnalyst
2
LET'S MAKE IT VERY SIMPLESometimes it feels like this consolidation period in gold and silver is not going to over for months but trust me we have seen this kind of range bound movement in precious metal sector numerous times and then we witness an explosive breakout or breakdown in both of the precious metals? but there is no denying that we are in the middle of the boring times but we are expecting it to end very soon but the question is will this time we'll see an explosive breakout or breakdown in PMs? However, Every analyst have their own idea about the same market while most of the analyst are either neutral or significantly bullish for the current market condition in precious metals sector but for us market is saying only one thing- Don’t get tricked by a false move we witnessed gold to drop below $1214 level on Oct 31 which we believe was caused by the fund selling to take some profits for client statement purposes to recover some losses in the stock market- Gold price tested 1227.00 level without managing to break it, waiting to surpass this level to reinforce the expectations of continuing the decline towards our main waited target at 1208.40, to keep our bearish trend scenario valid for today USDX has also formed inverse head and shoulder pattern about which we informed you already-The breakout is already confirmed by numbers of daily closing candles and there are numerous sign pinpointing to the upcoming US dollar rally which is negatively correlated to the PMs sector but what's interesting is even the good economic numbers on Friday which helped to strengthen the dollar, didn't push gold and silver prices above,The market is likely to quiet ahead of the U.S midterm election and people are waiting to see how it's going to play out after tomorrow however opinion polls show strong chances that the democratic may win this midterm election by which we can expect a pressure in dollar and a slight move higher PM sector However we believe once this matter of election between Democrats and Republican will over this inverse correlation be back to normal which will help drive gold and silver prices to fall in a significant manner- patience will reward us please note- Hedge funds and money managers raised their net short position in gold to a three-week high in the week ended Oct. 30, according to U.S. Commodity Futures Trading Commission data.
FX:XAUUSDShort
by GoldSilverAnalyst
USDX approaching resistance, potential drop! USDX is approaching our first resistance at 96.14 (horizontal swing high resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our first support at 95.06 (horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci extension). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
TVC:DXYShort
by FlowState
US Dollar Index could terminate at 95.50/96.00 levels.The US Dollar Index was seen accelerating into its final corrective leg, within the expanded flat and has made an interim high close to 95.40 levels on Friday. Looking into the wave structure, the index could find resistance around 95.50 or it could push through 96.00 levels before resuming lower again. The expanded flat structure could be a traders nightmare if not identified at the right time. We have now changed our trading strategy from neutral to short, until prices remain below 97.00 levels going further. Please note that the medium term wave structure remains unchanged and the US Dollar Index could drop towards 91.50 levels, going forward. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
TVC:DXY
by FXTM
2