A1 Trading Company

Ticker tape by TradingView

January 19, 2022

Read This Now Before You Buy Gold

Frank Cabibi

Gold flies higher today amid inflation concerns in the US and globally. Even as treasury yields hit a 2-year high, the metal jumped above a key resistance level and is looking to test another.

Gold Outlook

Although we are seeing considerably high gains for gold in the short term, it still seems unlikely that the metal will go back to the $1,900-2,000 mark because of the bond yields moving higher and USD gaining strength.

We are also looking at what could be a potential spike in retail demand which never bodes well up against major institutions who seems to be selling gold.

Thus, this recent spike could be serving as a trap to retail investors, so be careful when trading this pair as we could see big money closing positions after catching a one-and-a-half percent gain on gold.

Gold
Gold finally makes a big move on the 1D chart after inflation concerns rock the dollar today. A break above the $1830s mark could signify a larger move to the top of the wedge pattern which could lead to a breakout in the short term

In the bigger picture, gold looks like it could be a solid trade in the short term for those trying to find bullish setups. However, this move doesn't seem like it will last for very long considering the other factors going on with the USD and treasury yields. The safer, more lucrative bet in the longer term would be on a dollar that yields more interest over time.

We're looking at a stronger bullion in the short term, but coming March- or the weeks leading up to the March meeting- we may not see this rally last. If inflation is the factor pushing gold upward, interest rate talks will most likely send it back down again.

A1 Edgefinder

Smart Money Tracker
See where big money is flowing with the A1 Edgefinder's smart money tracker! With one click, see where the biggest money flows are entering and exiting through COT data.

10% off code: 'READER'

GET ACCESS NOW

VIP discord

Trade Alerts, Strategies, Chatrooms & more!

10% off code: 'READER'

LEARN MORE
What To Expect From Today's FOMC

Today at 2:00 pm EST, the Fed will announce their latest interest rate decision. Estimates suggest a smaller hike of 25 basis points this time around. Here are some things to consider before the FOMC decision later today: The Fed has struggled to tighten their grip on inflation without causing too much disturbance in the […]

Read More
The Art of Not Trading

With the holiday season lingering on and a new year on the cusp of arrival, traders may glance at the calendar and notice there is not much economic news to anticipate on Friday to cap off a light week. In situations like these where there can be lulls in bullish and bearish momentum due to […]

Read More
Best Currency to Buy?

As the fiscal year comes to a close, consumers will likely finish shopping for the holidays, and traders and investors will get some respite thanks to a long weekend due to bank holidays around the world. While concerns about further stock market selloffs may be lingering in the minds of some, a promising set of […]

Read More
DISCLAIMER: All comments made by TraderNick’s Forex Group, LLC are for educational and informational purposes only. All comments should not be construed as investment advice regarding the purchase or sale of any securities or financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities or financial instruments mentioned by TraderNick’s Forex Group, LLC. TraderNick’s Forex Group, LLC assumes no responsibility for your trading and investment results. All information on any of the platforms utilized by TraderNick’s Forex Group, LLC was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. TraderNick’s Forex Group, LLC, its employees, representatives, and affiliated individuals may have a position or effect transactions in the securities and financial instruments herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves very high risk and may not be suitable for all investors. TraderNick’s Forex Group, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment result. Read our full disclaimer here
Home
Edgefinder
VIP
Menu
homesmartphonelaptopmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram