The last time SPX smashed Gold this much was early 2000 and 1966-1970 era. In short to mid term GOLD should pick up and do its thing. Best to have some Gold in bucket I believe.
The Dawn of the Final ETF Approval Week - Everything will change. Bitcoin will obliterate Apple returns Bitcoin will obliterate SPY returns Bitcoin will obliterate Gold returns Bitcoin will obliterate Silver Returns Anything plugged into Bitcoin related or touching bitcoin will be rocket launched into an entire new global standard. I have come to the...
Bullish moves from gold on the long term charts. Cup and handle is formed and i doubt this stops and goes back down from here.
Silver seems to be setting up for a beating. Its forming a rising wedge, whos top aligns with a strong resistance. The rsi and macd are forming obvious bearish divergences. I believe that the light holiday liquidity, alongside the bearish setup, is a recipe for a beautiful buying opportunity
Expired GLD Weekly outlook. 2nd WK DEC 2023 > NEUTRAL 📊 CORRECT Closed Price: 185.64 Target Price: 184 | Strike Price: 183.23 DEC11 Upper Range: 188 Lower Range: 181
TVC:GOLD chart mapping/analysis. Gold's massive (algo-triggered) blow-off top killed the bullish momentum - pending further selling pressure if DXY/bond yields decide to rally into end of the year.. Trading scenarios into EOY: Selling pressure towards 50% Fib initial support zone. Bearish EOY capitulation target = Golden Pocket support zone. Expect any...
#GOLD & #SILVER are still selling off since we made the call, very close to top. CRYPTOCAP:BTC is suffering its biggest drop since august of 2023. The US #Dollar really looks like it settled at the 102 area. Not a normal area to find support but it can happen. TVC:DXY seems as if it wants to conceivably push higher from here. AMEX:GLD AMEX:SLV CRYPTOCAP:BTC
GOOD MORNING #GOLD is currently holding better than #Silver. Has the US #Dollar run stopped or will it find support soon? Out of all of these CRYPTOCAP:BTC has been the best recent performer, by a good amount. Keep an eye on strength (RSI), it's still weakening as it goes higher. However, $ flow has been increasing.
Gold ended wave 4 and now has a powerful 1-2, i-ii elliott wave pattern . Target 3500
Shown are Factor Real Range bars. The breakout remains valid. A close below 1930 is required to nullify the bullishness of current price behavior. Without nullification the target in Gold is $2,800
The last two days are not a good sign for #GOLD bugs But we said that on Sunday... WHY do we say this? Sunday was an ugly reversal Huge volume with bearish engulfing yesterday Follow through selloff today as well We could be seeing a top for some time....... AMEX:GLD NYSE:NEM TVC:GOLD NYSE:AEM NYSE:FNV NYSE:WPM
Gold made a brief New All time high before getting smashed down. This is the largest Daily Bearish engulfing candle gold has ever had.
Gold achieved a historic milestone with a record monthly close in November 2023. For gold bulls, the next crucial step is the formation of a bullish consolidation, potentially leading to a bull flag pattern on the weekly chart. However, the path ahead is not without challenges, as indicated by the significant resistance levels depicted by the blue lines on the...
Clearly seen on this chart is the cup and handle that lasted for 12 years and now we are going into a wave 3 of 3.
Since our call the US #Dollar has crumbled. In currency those are big moves. Yesterday we said that it looked as if TVC:DXY wanted to settle a bit. However, it was an unusual area for it to find a "bottom". It eventually reversed & went lower in the day. The yellow lines are more likely a target & will cause some sort of bounce when/if they reach...
AMEX:GDX Bull Flag Breakout, now AMEX:GDX target price around 34-35
Gold is up an even 10% year to date. The precious metal has frustrated bulls at times in 2023 but falling real interest rates over the past several weeks have undoubtedly been a boon. While it’s encouraging to see spot gold climb above the $2000 per ounce mark, I see potential upside in the VanEck Gold Miners ETF (GDX). Notice in the chart that the portfolio of...
TVC:GOLD chart mapping/analysis for last week of November. TBC further details/write-up via ideas section.