Gold have been swinging lower for quite some time, but have so far failed to take out the 1200 area. There are lots of stop orders below 1200, so a real break below should trigger a larger move to the down side. If it takes out 1280 to the upside, I will look for a pullback and a final target on 1560. stop is placed under nearest structure Markets alternate...
GOLD make lower high. wil test support at 1175 if break could go to 1100
top and bottom horizontal lines are Martin Armstrong's bottom range, $950 around early to mid March may be the most likely area that Gold will find its final low. Time projections were done using another indicator not on this chart.
downtrendlines with great symmetry
Will test resistance 1250 if not break could weaken to 1180 and test support, for now, wait and see
In the Kitco News Gold Survey, out of 34 participants, 17 responded this week. This was less than normal, with many still away from their desks for an extended New Year’s holiday. Ten see prices up, while six see prices down and one is neutral. Market participants include bullion dealers, investment banks, futures traders and technical-chart analysts.
The debt of the United States will never be paid unless the nation's GDP grows beyond the level of debt accumulated. But with the amount of borrowing and Fed printing, the dollar is doomed to go, and with it, the domestic production and importation from abroad. Store shelves will go empty. The dollar will be worthless. Prices will skyrocket and those who...
I would wait to see if we really break this resistance if so, i'll buy.
GOLD fell 29% loss in 2013. Investors lost faith on yellow metal rally. But it quickly found support in the beginning of the new year. Now 1220 level became a current support on last Friday. GOLD is likely trying to reach 1265-1270 range if it breaks above 1245-1250 zone this week.The daily indicators point out that the price still has some room for upside move....
Let me know if you have any suggestions or requests?
I expect gold to bottom long-term at 1040
Gold needs to get moving if it wants to present a bullish case.
We can look for a bullish swing setup in daily timeframe
All eyes will be on the FOMC meeting on Dec. 17-18. Gold is showing an interesting pattern. Buying interest could increase at this level and move the price towards 1290-1300.
Original idea Published back in August. Target 1 was swiftly hit and taken out now we are going for target 2 We are +200 per contract right now original chart
Big time reversal pattern that got confirmation today. Look for further strength