Is GOLD About to Begin A Huge Bearish Cycle? | Forex
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Hey Traders…. Had a few hours free from family commitments this morning and decided to run over some GOLD (XAU/USD) Points and Technical analysis as I believe there maybe some downside potential for the coming months ahead! $1370 Seems to be a hugely significant RES level in which the metal has tried to surpass numerous times without any success. I could be wrong…but is it now time for XAUUSD to fall beyond the recent lows of $1040-80? Precious metal hoarders beware! It could be of major interest to the big guys for the GOLD price to decline before the next bullish cycle that could take place around 2019-2020. I hope you enjoy the video and some of the points are of interest.
Comments
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Is this mt4 platform?!!
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Modis move to withdraw large notes also fuels this check out the % of black money that is washed up in India via large bills through gold
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Guy u want to hold some physical Gold in ur portfolio
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is there a vid on how you plotted those monthly levels...sure I've seen it somewhere? thanks again!
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I've read forecasts from multiple analysts who said gold will hit the $900 area before reversing and going parabolic to all time highs.
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Cryptocurrencies will replace gold's place as a safe haven? Read the news and wake up...
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wow! these guys are one of the first ppl i've seen that seem like they got nothing to hide, (unlike some other company that made away with my hard-earned 2000GBP and taught me crap). Checked out their website and some other videos and saw that they actually post their results and the cash profits they make as well. Motivational stuff. Think I'm gonna give them a try depending on how affordable they're though.
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Re-posting this here as it looks like you don't reply in channel Discussion section:
"Your Facebook page link is broken on channel page. Page banned or new url? Also do you have any recommended other Youtube channels (or podcasts) to check out for a newbie to finance, investing, forex? Seems to be a lot of BS from others on YT and especially on podcasts, so would like more down to earth vibes like you guys offer. Already ordered your 2 book recommendations; The Alchemist and Gold Standard by Ari. Cheers."
By the way found this video about gold very interesting. -
i have gold reaching 1490
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Are you on trading view?
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pls keep this news up.. very very useful and concentrate..
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Nice analysis. I don't follow Gold but I do trade Indices. As regards the DOW, I agree a big pull back is due. They are normally about 2000 pip move, Keep an eye on the market around long weekends like Aug 27=30th, This is when the fundamentals are released causing the catalyst for massive moves.
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May I ask what is the name of the platform you are using to trade?
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pretty solid analysis. I think we will see a better direction in the markets after US elections.. Perhaps even better after the elections in Europe. But till then I think we might be heading higher on the equity markets..
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Thanks Shaun!!
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Hey Shaun I love the video thanks for the info.
I see the potential of crypto currency as well, the only thing that worries me however is that gold and silver are physical and cannot be hacked while crypto can. I attended a conference here in Canada called the Sprott Natural Resources Symposium with the likes of Jim Rickards, Rick Rule etc. Interesting to note that many of them are saying that Gold will also be digitized. Goldmoney which essentially relies on blockchain as well I believe. Anyways interesting times ahead! -
Great video again Shaun!!
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Karatbars
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Thanks a lot Shaun, very helpful, please keep uploading content, i learn and motivate from all your videos guys :) (sorry if my english is not perfect). Regards!