GOLD Signals Technical Analysis & News

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GOLD trading Signals & Technical Analysis

Gold is the most volatile pair in the world and because of its volume and volatility it is the most popular trading pair.

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GOLD trading Signals & Technical Analysis

USD Index and Gold Trend

Given that gold is priced and traded in U.S. dollars, you might wonder how movement in one affects the other. The most common understanding of this relationship is the stronger the value of the U.S. dollar, the lower the price of gold. Likewise, the weaker the U.S. dollar, the higher the price of gold. However, while gold typically has an inverse relationship to the dollar, it’s not always the case. Driven by global supply vs. demand, there have been times when gold and the U.S. dollar have risen together.

To better understand price pressures on gold, it’s helpful to examine the wide range of factors that impact currency prices. Largely, this means focusing on the major drivers and drags on the U.S. economy. A positive jobs report, falling oil prices, growing consumer confidence and rising real estate values all tend to improve the economy and therefore strengthen the dollar.

But what happens when there’s economic uncertainty and the U.S. dollar weakens?

Investors identify alternative investments and safe havens. They may turn to tangible assets such as precious metals, real estate, or other currencies causing those alternative asset prices to rise.

And yet these drivers do not always work in concert with each other. Contributing to these movements and complicating the relationship, the action of central banks and foreign countries impact the price of gold. Central banks and foreign countries will commonly trade in different currencies, including U.S. dollars to stimulate their economies or hedge their own currencies.

However, certain patterns still emerge. If you take a look at the chart below, you’ll notice the typical pattern between currency movement and gold prices. The comparison is depicted by the DXY Currency Index, which measures the dollar’s strength vs. a trade-weighted basket of other major currencies including the euro, the Japanese yen, the British pound, the Canadian dollar, the Swedish krona and the Swiss franc.

But what happens when there’s economic uncertainty and the U.S. dollar weakens?

Interestingly, this inverse correlation between currency movement and the price of gold wasn’t always so, and didn’t gain impetus until after the U.S. suspended the gold standard in 1933 – a decision many economists agree is what primarily pulled us out of the Great Depression. Under the gold standard, the dollar’s value was directly linked to that of gold’s. Each printed dollar was tied to a certain amount of reserved gold which was then bought and sold at a fixed price. Now despite the U.S. severing ties to the gold standard in 1933 under President Roosevelt’s command, we still allowed foreign governments to exchange paper currency for gold up until 1971 when President Nixon abandoned the system entirely, transitioning us to an unbacked fiat currency system.

For the near term, we are unlikely to return to a commodity-backed currency system tied to gold, so gold’s fluctuating value will continue to reflect how strong or weak both the U.S. dollar and our economy is as well as global demand for precious metals. Therefore, this precious metal will continue to be used to hedge against currency devaluation and serve investors as a safe haven in time of economic uncertainty, political instability and market turbulence.

So who are the best Forex trading signal providers?

I truly believe that you are better off when you trade using your knowledge. Focus on improving your knowledge so that you can depend on that instead of someone else’s who can possibly turn out to be a scam. We understand the difficulties that everyday people face when trying to trade FX professionally, here we help you to not get trapped into the retail losing positions, accessing these data helps you in your day to day trading.

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The Tulip mania of 1630

The Tulip mania of 1630

In the 1630 the tulip’s popularity reached unprecedented, even excessive, heights. This gave rise to a veritable tulip mania, which held many Dutchmen in its grip in 1636 and 1637.

The flower had initially roused largely scientific interest, from the 1630 on tulips became an attractive financial instrument. Tulips and tulip bulbs were bought and sold actively, frantically in fact, and this trade deteriorated into speculation in 1637.

Thousands of people jumped on bandwagon buying options they could pay later, some even putting up their homes as collateral. The market crashed suddenly in February 1637; prices plummeted and many investors were left penniless.

The California Gold Rush of 1848

The California Gold Rush of 1848

All started with James Marshall at Sutter’s Mill near the city of Coloma. James was building a Sawmill for Captain John Sutter when he found a few shiny flakes of gold in the river. He told his employer John Sutter about the discovery and they agree to try to keep it secret.

However, soon word got out and prospectors were rushing to California to find gold. The news of gold brought approximately 300,000 people to California.

So who made money from the California Gold Rush of 1848 ?

That was Sam Brannan, an ex-Mormon who hyped the Gold Rush in his newspaper, the California Star, then profited from it by supplying miners (at extravagant prices, of course) through his general stores in San Francisco and Sacramento ! He was a great signal provider !

The Great Depression of 1929 – 1933

The Great Depression of 1929 – 1933

The Great Depression was the worst economic downturn in US history. It began in 1929 and did not ease off until approximately the end of the 1930s. It all started with the US stock market crash of October 1929 signaled the beginning of the Great Depression. By 1933, unemployment in the US was at 25 percent and more than 5,000 banks had gone bust.

The Dotcom Bubble 1995–2000

I actually do remember the dotcom bubble, also known as the internet bubble, which was a rapid rise in U.S. technology stock, equity valuations fueled by investments in internet-based companies during the bull market in the late 1990s.

The Dotcom Bubble 1995–2000

The Bitcoin bubble

Last but not least the very recent Bitcoin bubble. Yes Cryptocurrencies are the future of our financial markets but first they have to be evolved into a second or third generation of a stable assets, because what we have seen recently is just a bubble, make no mistake when excessive optimism far outweighs normal rational expectations, crashes occur and this has be the case with bitcoin.

The Bitcoin bubble

Last but not least the very recent Bitcoin bubble. Yes Cryptocurrencies are the future of our financial markets but first they have to be evolved into a second or third generation of a stable assets, because what we have seen recently is just a bubble, make no mistake when excessive optimism far outweighs normal rational expectations, crashes occur and this has be the case with bitcoin.

The Intelligent Investor by Benjamin Graham

GOLD Signals Technical Analysis

The bottom line is that all these people who sell Forex signals, if they trusted their own signals they will not sell them out for subscriptions. They will personally invest in the markets and make money that way. So don’t fall for these scams . Invest in yourselves, read a good book. I am currently reading The Intelligent Investor by Benjamin Graham. Try to read at least one good book per year.

4 thoughts on “GOLD Signals Technical Analysis & News”

  1. ShayneGovender says:

    we’re trading to live 🙏
    not living to trade.

    I’ll sing that son till eternity. I love this man. great content.
    thanks a lot for this little but power information.

  2. selfdestruct says:

    Excellent guidelines for a new trader. Well done mate!

  3. lorenzo025 says:

    Very helpful! Thank you for your insight, I will definitely be paying more attention to alerts and how I can use them to catch all those missed opportunities because I was busy living life.

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