Jump to content

Trade of the Week: Short Gold


Recommended Posts

In this week’s Trade of the Week, IG market analyst Josh Mahony looks to go short gold with a stop-loss at $1,690 and a downside target at $1,615. He also looks at last week’s trade, which was short the DAX.

 

 

 

 

trade of the week.PNG

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      20,728
    • Total Posts
      89,652
    • Total Members
      40,595
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    TwoStepsForwardOneStepBack
    Joined 30/11/22 22:46
  • Posts

    • Stock Market Trading: SP500, USD DXY, AAPL, AMZN, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM. US ETF Sectors. Elliott Wave Analysis US Stocks: Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Berkshire Hathaway (BRK/B), Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM & Bank of America BAC, Goldman Sachs Group Inc (GS) Stock Market News: See J Powell's speech. ADP figures and NFP on Friday Stock Market Summary Elliott Wave v) to 4100 Video Chapters 00:00 SP500 / USD DXY 09:05 Apple (AAPL) 12:28 NVIDIA (NVDA) 15:10  Amazon (AMZN) 19:08 Meta Platforms (META) 20:41 Netflix (NFLX)  22:09 Enphase (ENPH) 26:44 Tesla (TSLA) 27:42 Alphabet (GOOGL)  29:31 Microsoft (MSFT) 30:13 Berkshire Hathaway (BRK.B) 32:03 Block Inc. (SQ)  33:03 Banks JPM, GS, BAC 37:58 TRIAL Buy 1 Month Get 3 Months  Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com  TRIAL Buy 1 Month Get 3 Months    
    • Look Ahead to 1/12/22: China PMI; Japan consumer confidence; German retail sales The first day of December brings economic data and we’re watching EUR/GBP around key German retail sales data. In Japan, could consumer confidence move the Nikkei, and will there be more soft Chinese PMI numbers?        
    • GOLD PRICE (XAU/USD), CHART, AND ANALYSIS Gold’s recent push higher stalls. Retail traders shrink their weekly short positions. Gold continues to take its cue from US bond yields and moves in the US dollar and precious metal traders will need to listen to chair Powell at 18:30 GMT. From a technical perspective, we noted recently that a bullish flag was being formed but this did not play out in full. Gold Price Consolidates, Is a Bullish Flag Being Formed? Initial support on the daily gold chart starts at $1,740/oz. before $1,726/oz. comes into play, while Monday’s $1,763.8/oz. high should cap any pre-Powell move. GOLD DAILY PRICE CHART – NOVEMBER 30, 2022   All Charts via TradingView   Nov 30, 2022 | DailyFX Nick Cawley, Senior Strategist
×
×
  • Create New...