Beyond Technical Analysis: How to Develop and Implement a Winning Trading System Wiley Trading Chande, Tushar S : 9780471161882

In addition, gold is a favored asset among traders due to its liquidity. This precious metal is regarded as a symbol of stability and reliability, playing a pivotal role in the global economy. In 2022, geopolitical tensions, particularly the conflict in Ukraine, drove gold prices upward again. Inflation continued to climb, prompting central banks to tighten monetary policy. Social media sentiment refers to the collective opinion of traders and investors regarding the prospects for the XAU/USD, as expressed on social media platforms. Positive sentiment foretells a rise in price, while negative sentiment may lead to a sell-off.

Last week, gold consolidated above the Target Zone 4, 3,735–3,720. The next target within the medium-term uptrend is the Target Zone 5, 3,885–3,870. Long trades can be considered on a correction at the support (A) 3,631–3,615 and support (B) 3,551–3,527.

Whether to invest in gold now depends on your financial goals and risk tolerance. Gold can serve as a hedge against inflation and economic uncertainty. Gold can be a valuable asset in a diversified portfolio, especially during economic uncertainty. However, it is essential to adopt a cautious approach and to carefully assess the potential risks involved before making investment decisions. Gold is a popular asset among traders and investors, offering a range of advantages over other asset types.

• He is also the principal author of The New Technical Trader (Wiley).
• By the end of June, it may rise to $4,036.02, and closer to the end of 2026, it may increase to $4,210.87.
• But its basics concepts become popular with the contributions made by Hamilton (1922) and Rhea (1932).
• Gold is considered a safe-haven asset, especially during periods of economic instability.

Gold Resumes Bullish Trend After Short-Term Weakness. Forecast as of 04.03.2025

Ralph Nelson Elliote and William Delbert Gann are the other pioneers of technical analysis. They developed their own respective techniques in the early 20th century. Gold is considered a safe-haven asset with a steadily increasing value. As such, XAU/USD will unlikely depreciate and will remain in demand as a hedge against risks tied to escalating economic and geopolitical tensions.

Gold Surges on Trump’s Tariffs Delay. Forecast as 04.02.2025

Growth can be driven by various factors, such as inflation, geopolitical crises, or interest rate cuts. Investors are advised to closely monitor market developments and conduct thorough analyses. Despite gold’s appeal, the investment value of gold is not a straightforward matter. Gold is widely recognized as a reliable safe-haven asset during periods of economic uncertainty and soaring inflation.

According to WalletInvestor, the price of gold may hit the $3,791.93 mark. By the end of June, it may rise to $4,036.02, and closer to the end of 2026, it may increase to $4,210.87. Modern technical analysis was developed at the end of the 19th century.

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The precious metal will retain its status as a reliable asset for long-term investments. Experts do not rule out a correction in the gold market in 2028 due to higher interest rates and an improvement in the investment climate. The asset will trade in the range of $4,638.96–$7,551.00, with possible drawdowns during the year. In five years, the price may rise due to inflation and geopolitical turbulence, but a stronger dollar and higher interest rates could hamper growth.

• Gold is considered a safe-haven asset with a steadily increasing value.
• According to WalletInvestor, the price of gold may hit the $3,791.93 mark.
• The oldest well known technical analysis method was developed by Homma Munehisa in the early 18th century, which evolved the used of candlesticks techniques.
• Positive sentiment foretells a rise in price, while negative sentiment may lead to a sell-off.

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But its basics concepts become popular with the contributions made by Hamilton (1922) and Rhea (1932). TUSHAR S. CHANDE, PhD, is President of LongView Capital Management, LLC, of West Des Moines, Iowa, and a registered Commodity Trading Advisor. He holds nine U.S. patents and is internationally recognized as an innovator in technical analysis. He is also the principal author of The New Technical Trader (Wiley). TUSHAR S. CHANDE, PhD, holds nine U.S. patents for creative solutions to flexible manufacturing problems using high-power lasers and optical fibers. A contributing editor to Technical Analysis of Stocks & Commodities magazine, he has been a registered Commodity Trading Advisor and is the principal author of The New Technical Trader (Wiley).

Bitcoin’s overall outlook is cautiously bullish, though short-term weakness is evident in moving averages and momentum indicators. The market may consolidate before a decisive breakout above resistance or drop towards support. This book is not simply a collection of theories; it provides a practical methodology that transforms complex concepts into actionable strategies. The materials shared are intended for research, educational, and personal use in accordance with fair use principles. After downloading Beyond Technical Analysis PDF, you can open it with any PDF reader app on your phone or tablet.

Gold’s limited deposits and mining difficulty make it a valuable asset, particularly during economic uncertainty. In periods of economic turbulence, the demand for gold rises as it offers a reliable hedge against inflation. Gold is popular among investors and often serves as a « safe haven », a financial asset that helps preserve capital during economic instability. Forecasting the price of this instrument requires a comprehensive analysis of economic, political, and financial factors, as well as market trends and macroeconomic conditions.

In 2029, gold prices will likely see a moderate recovery due to heightened geopolitical risks and inflationary pressure. The price of the precious metal will fluctuate within a wide range of $5,057.79–$10,621.66. Beyond Technical Analysis is ideally suited for traders who are serious about developing a robust trading system. Whether you’re an experienced trader looking to refine your strategies or a newer trader eager to learn how to implement your own system, this book has valuable insights for you. If you thrive on practical information, concrete examples, and expert advice, you’ll likely find this book to be a beneficial addition to your trading library. Some analysts predict a rise to $3,634.00, citing inflation and geopolitical instability — factors that have traditionally boosted demand for gold as a safe-haven asset.

So, who would truly benefit from reading Beyond Technical Analysis? If you’re a burgeoning trader eager to develop your strategies or an experienced trader looking to refine your system, this book could be quite the companion. It’s suited for those willing to put in the effort to build their knowledge and take ownership of their trading systems. Gold is often considered a refuge during periods of economic uncertainty.

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According to the consensus forecast, the price will range between $5,479.38 and $7,956.16. Gold is a versatile beyond technical analysis asset, used not only as an investment tool but also in many industrial applications. In jewelry, it is esteemed for its aesthetic appeal and resilience. In electronics and medicine, gold is employed due to its conductivity and resistance to corrosion. In the space industry, it is used to safeguard equipment from radiation.