Here is what you need to know on Thursday, January 18: Technical Analysis: Gold price finds a temporary support near $2,000 Gold price attempts a firm-footing near psychological support at $2,000 amid a nominal decline in the US Dollar Index. The near-term demand for the precious metal has turned bearish as it has slipped below the 50-period Exponential Moving...
SSR Mining has a very interesting setup here, both a quarterly and also a daily signal warrant a long entry here. If the quarterly signal pans out, initially we'd target $16.50 by Q4 2020, but eventually, this could make price trigger further quarterly confirmation for bulls, potentially pushing price to even higher levels, circa 28.31. Free cash flow is an...
The weekly KGC price chart looks juicy for swing traders and position players, or anyone in search of quicker gold-correlated returns than the metal itself offers (+/- 25%). As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception. My trading tactics - including the beauty of...
The role of the Federal Reserve is to keep plundering global wealth, so the U.S. dollar must fluctuate at a high level, at least it cannot collapse and depreciate, so the interest rate hike is suspended, the balance sheet is still shrinking, and the high interest rate is still there. After yesterday’s decline in gold, the current pressure has moved down to the...
The market is always full of surprises, which increases uncertainty, but this is also the charm of the market. I believe that everyone has no objection to the bearish view of gold technology today, and it makes the bears uncomfortable, but since the overall position is still short, it is better to give a better point to go short. The gold US market data soared...
The VanEck Junior Gold Miners ETF (ticker: GDXJ) has entered a certain minefield here. Our short-trade target zone has already been dealt with and the corresponding high of the turquoise wave (ii) was placed accordingly within said zone. We are now anticipating further impulsive sell-action in accordance with the general bearish trend. If the bulls want to start...
It is recommended to go short around 1960, stop loss at 1965, and hold the target at 1950. For long orders, first look at the situation of 1950 support breakout. Contact me for specific trading signals
The triple top on the gold weekly chart continues to suppress gold. The daily line is now a positive line, and it is not that kind of big positive line. For the time being, it can only be regarded as a rebound. This wave of gold daily market has gone through five waves of rise, and now it is a big C wave adjustment of ABC adjustment. Is wave C now over? The gold...
Looking at gold on the daily line, the relative strength index (RSI) fell to 40, reflecting a bearish bias in the near-term outlook. Gold may face strong resistance at 1940, which is the confluence of the downtrend line and the 100-day moving average. Looking at gold from the 4-hour line, with the relative strength index (RSI) line at 14 recovering from the...
Through analysis on Thursday, it is emphasized that gold needs to see weak shocks under the pressure of 1940. The actual highest is at midnight on Wednesday at 1938, and the highest throughout the day is almost around 1933 Therefore, it is impossible to give an effective homeopathic trading space, and the strength of the U.S. unemployment data cannot change the...
The gold adjustment is coming to an end, a new downtrend is about to start, the rebound relies on the pressure of 1950 to short, and the waterfall is about to appear! For the trend of gold, from the weekly level to the hourly chart, it has been analyzed countless times! Weekly triple top, historical top! The daily line fell all the way down. Although the current...
Gold rose directly with marginal support yesterday Looking at the 4-hour cycle, the price of gold is still below the trend line. On Friday, the price of gold touched the downward trend line, and gold plummeted even more, putting pressure on it. It is easy to see that gold is now in a oscillating trend, because the high and low points extend horizontally, and the...
we see fast rejection 1982 2nd day reject 1983 market and initiating resistance means someone is resisting and initiating .in terms of candle stick all look same absorption it could be consolidation hence confusion lots of people use the words you know as through they mean the same thing ok they are not interchangeable words how ever consolidation is where the...
Gold rebounded but 1950, continue to be short The current decline of gold is still the same, the rebound is not under pressure, and it will continue to make new lows after the shock! Relying on the key pressure position is short The current gold is undoubtedly still in a downward trend. On the 4-hour level, gold fluctuates all the way down! And it keeps...
If it really forms the form of a head and shoulders, you might as well be bold and set your goal at 1920!The process is tortuous, but it will come eventually! I'm waiting for you here!Follow me, making money will no longer be difficult!
Barrick still has got heaps of digging operations to do. The share should continue the downwards movement it has started from the last high of wave (iv) in blue and drop below the support line at $12.65. Thereupon, Barrick should enter the yellow zone between $11.97 and $6.32 to develop wave (2) in yellow, whose low should then complete the overarching downwards...
We have made a profit of more than 300% for two consecutive weeks! Last week, gold rose to near 2050 under the stimulus of news from all parties. During the US market on Friday, it directly fell below 2000, a decline of more than 50 US dollars. The gold long signal given on Thursday was successfully profitable, and the short signal on Friday was also very...
Gold is currently finishing the 2nd shoulder need a nice clean strong bullish candle to clear neckline. tp1 2018 tp2 2039 sl1993.50. closing below 1984 would create new lower low causing bear takeover.