Gold prices hit $1957! Will you buy gold ETF to hedge the conflicts?

$Gold - main 2312(GCmain)$ rises to $1957, a 4-week high, amid rising geopolitical risks which spur safe-haven demand for the precious metal.

How will gold prices move later?

Bullish

Edward Moya, senior market analyst at OANDA.

If the geopolitical situation gets gloomier, there is a good chance that gold prices could go to the $2,000 levels this year.

Bearish

The rising trend in gold prices is fueled by conflicts. If disputes eases, gold prices may decrease and presents an opportunity for investors.

Plus, the rally leaves two gap in the k-chart. The gap may be filled in the later decline.

How to trade gold?

1) Invest in gold etf $SPDR Gold Shares(GLD)$ or futures $Gold - main 2312(GCmain)$ and $E-Micro Gold - main 2312(MGCmain)$

2) Wait for key levels like $1860 or $1980

Investors without positions shouldn't hastily chase the current high prices and can wait for the future pullback.

If gold rises above $1950 - the current resistance line and then surpasses $1980, the bull market for gold might start and head for $2000.

Share your positions with us! This is a column where you can find the winning trades of our fellow tigers. There probably are a few potential opportunities that you may have overlooked.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

WealthSquad
2023-10-19
WealthSquad
#Gold (XAUUS, $1,945) failed to follow through yesterday and miners did not catch a bid. Therefore, I assume, gold would pause for a couple of days before resuming the advance. My next target is $1,985 - 2,000...
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Will you buy gold ETF to hedge the conflicts?","html":"<html><head></head><body><p> <a data-mention-id=\"GCmain\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2312\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2312(GCmain)$</a> rises to $1957, a 4-week high,&nbsp;amid rising geopolitical risks which spur safe-haven demand for the precious metal.</p><h2 id=\"id_1549234535\">How will gold prices move later?</h2><p><strong><em>Bullish</em></strong></p><p>Edward Moya, senior market analyst at OANDA.</p><blockquote>If the geopolitical situation gets gloomier, there is a good chance that gold prices could go to the $2,000 levels this year.</blockquote><p><strong><em>Bearish</em></strong></p><p>The rising trend in gold prices is fueled by&nbsp;conflicts. If disputes eases, gold&nbsp;prices may decrease&nbsp;and&nbsp;presents an opportunity for investors.</p><p>Plus, the rally leaves two gap in the k-chart. The gap may be filled in the later decline.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f01b81ae0521aaa6cc61629265db7402\" tg-width=\"1801\" tg-height=\"849\"></p><p>&nbsp;</p><h2 id=\"id_362703460\">How to trade gold?</h2><p><strong><em>1) Invest in gold etf  <a data-mention-id=\"GLD\" class=\"teditor-mention\" data-mention-name=\"SPDR Gold Shares\" href=\"https://ttm.financial/S/GLD\">$SPDR Gold Shares(GLD)$</a></em></strong> <strong><em>or futures  <a data-mention-id=\"GCmain\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2312\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2312(GCmain)$</a> and  <a data-mention-id=\"MGCmain\" class=\"teditor-mention\" data-mention-name=\"E-Micro Gold - main 2312\" href=\"https://ttm.financial/FUT/MGCmain\">$E-Micro Gold - main 2312(MGCmain)$</a> </em></strong></p><p>&nbsp;</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e17add2e8b91ffb71ff53c6ba9482b8a\" tg-width=\"882\" tg-height=\"1608\"></p><p><strong><em>2) Wait for key levels like $1860 or $1980</em></strong></p><p>Investors <strong>without positions</strong> shouldn't hastily chase the current high prices&nbsp;and can wait for the future pullback.</p><p>If gold rises above $1950 - the current resistance line and then surpasses $1980,&nbsp;the bull market&nbsp;for gold might start and head for $2000.</p><p>&nbsp;</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1fd4f801dd65aa6a36b16fc9a355ca8a\" tg-width=\"1797\" tg-height=\"868\"></p><p></p></body></html>","htmlText":"<html><head></head><body><p> <a data-mention-id=\"GCmain\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2312\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2312(GCmain)$</a> rises to $1957, a 4-week high,&nbsp;amid rising geopolitical risks which spur safe-haven demand for the precious metal.</p><h2 id=\"id_1549234535\">How will gold prices move later?</h2><p><strong><em>Bullish</em></strong></p><p>Edward Moya, senior market analyst at OANDA.</p><blockquote>If the geopolitical situation gets gloomier, there is a good chance that gold prices could go to the $2,000 levels this year.</blockquote><p><strong><em>Bearish</em></strong></p><p>The rising trend in gold prices is fueled by&nbsp;conflicts. If disputes eases, gold&nbsp;prices may decrease&nbsp;and&nbsp;presents an opportunity for investors.</p><p>Plus, the rally leaves two gap in the k-chart. The gap may be filled in the later decline.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f01b81ae0521aaa6cc61629265db7402\" tg-width=\"1801\" tg-height=\"849\"></p><p>&nbsp;</p><h2 id=\"id_362703460\">How to trade gold?</h2><p><strong><em>1) Invest in gold etf  <a data-mention-id=\"GLD\" class=\"teditor-mention\" data-mention-name=\"SPDR Gold Shares\" href=\"https://ttm.financial/S/GLD\">$SPDR Gold Shares(GLD)$</a></em></strong> <strong><em>or futures  <a data-mention-id=\"GCmain\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2312\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2312(GCmain)$</a> and  <a data-mention-id=\"MGCmain\" class=\"teditor-mention\" data-mention-name=\"E-Micro Gold - main 2312\" href=\"https://ttm.financial/FUT/MGCmain\">$E-Micro Gold - main 2312(MGCmain)$</a> </em></strong></p><p>&nbsp;</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e17add2e8b91ffb71ff53c6ba9482b8a\" tg-width=\"882\" tg-height=\"1608\"></p><p><strong><em>2) Wait for key levels like $1860 or $1980</em></strong></p><p>Investors <strong>without positions</strong> shouldn't hastily chase the current high prices&nbsp;and can wait for the future pullback.</p><p>If gold rises above $1950 - the current resistance line and then surpasses $1980,&nbsp;the bull market&nbsp;for gold might start and head for $2000.</p><p>&nbsp;</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/1fd4f801dd65aa6a36b16fc9a355ca8a\" tg-width=\"1797\" tg-height=\"868\"></p><p></p></body></html>","text":"$Gold - main 2312(GCmain)$ rises to $1957, a 4-week high, amid rising geopolitical risks which spur safe-haven demand for the precious metal. How will gold prices move later? Bullish Edward Moya, senior market analyst at OANDA. If the geopolitical situation gets gloomier, there is a good chance that gold prices could go to the $2,000 levels this year. Bearish The rising trend in gold prices is fueled by conflicts. If disputes eases, gold prices may decrease and presents an opportunity for investors. Plus, the rally leaves two gap in the k-chart. The gap may be filled in the later decline. How to trade gold? 1) Invest in gold etf $SPDR Gold Shares(GLD)$ or futures $Gold - main 2312(GCmain)$ and $E-Micro Gold - main 2312(MGCmain)$ 2) Wait for key levels like $1860 or $1980 Investors without positions shouldn't hastily chase the current high prices and can wait for the future pullback. If gold rises above $1950 - the current resistance line and then surpasses $1980, the bull market for gold might start and head for $2000.","highlighted":1,"essential":2,"paper":2,"likeSize":122,"commentSize":1,"repostSize":12,"favoriteSize":0,"link":"https://ttm.financial/post/232173959278624","repostId":0,"isVote":1,"tweetType":1,"viewCount":1038,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["GCmain","MGCmain","GLD"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":["晒单贴"],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":860,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":232157554548752,"commentId":"232157554548752","gmtCreate":1697702980397,"gmtModify":1697702988419,"authorId":9000000000000708,"author":{"id":9000000000000708,"idStr":"9000000000000708","authorId":9000000000000708,"name":"WealthSquad","avatar":"https://static.tigerbbs.com/e63ca89d7d2ea38be6107132f290085a","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":232173959278624,"objectIdStr":"232173959278624","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<p>#Gold (XAUUS, $1,945) failed to follow through yesterday and miners did not catch a bid. Therefore, I assume, gold would pause for a couple of days before resuming the advance. My next target is $1,985 - 2,000...</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a2ec4050e0c1d468ada8920508f82f09\" alt=\"Image\" title=\"Image\" tg-width=\"680\" tg-height=\"332\"><span>Image</span></p>","text":"<p>#Gold (XAUUS, $1,945) failed to follow through yesterday and miners did not catch a bid. Therefore, I assume, gold would pause for a couple of days before resuming the advance. My next target is $1,985 - 2,000...</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a2ec4050e0c1d468ada8920508f82f09\" alt=\"Image\" title=\"Image\" tg-width=\"680\" tg-height=\"332\"><span>Image</span></p>","html":"<p>#Gold (XAUUS, $1,945) failed to follow through yesterday and miners did not catch a bid. Therefore, I assume, gold would pause for a couple of days before resuming the advance. My next target is $1,985 - 2,000...</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a2ec4050e0c1d468ada8920508f82f09\" alt=\"Image\" title=\"Image\" tg-width=\"680\" tg-height=\"332\"><span>Image</span></p>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"hot","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/232173959278624"}