AfterMidnight

AfterMidnight

Past two areas that neared the uptrend line dropped around -2.85% in the week prior to a trend reversal. We are at that same point as we speak. Looking for a reversal here based on the weekly timeframe. Ideally, we finally break about the 1360 area. Cheers mates AM

AfterMidnight

Blue vertical lines are a day before FOMC interest rate raises. Seem to be stuck under the .382 of the fib channel, which could signal more downside. RSI in the middle but pointing down. TSI under zero which signals to stay short. I am short looking towards the 1300-1295 area to enter a long position before we go up after FOMC announcement (based off of past...

AfterMidnight

Gold has been on an amazing run lately and has reached a higher level than my previous forecast for a short area. I have highlighted the divergence on the 4-hour chart in light blue. A spike outside the Bollinger Band which creates a higher high could be a signal to short based on divergence with the RSI. Short term targets would be the white dotted trend lines...

AfterMidnight

It seems like the December rally after a rate hike was a bit early this year. The current price is 1296.614 and slowing. The daily bar is sitting at the top of the Bollinger Band and the RSI has reached overbought territory. We are also near the .236 Fib that runs from the beginning of the year until the high of 1357 We have not breached the 1299.326 peak from...

AfterMidnight

Gold is steadily climbing back up to where is broke out of the 2017 up channel. This area is nearing the .382 Fib that stretches from the beginning of the year until the high in September. There is also a point near 1275 where the bottom of the up channel meets the down trend resistance from September and the end of November. This is a zone I will watch if it...

AfterMidnight

It seems to be that this is the December turn like the previous two years. Gold as been holding well with the Fib so far. First target 1266, with some movement in the upwards direction to break the down trend. Best, AM

AfterMidnight

Gold is currently following the up-channel and sticking near the bottom. However, the drop early this morning was quite deep and pushed the 4hr RSI down pretty far. Standing by to enter when/if divergence prints on the 4hr.

AfterMidnight

Looking for a target at the .382 Fib around 1279

AfterMidnight

Entering small positions here based off indicators and a 50% fib retrace. Could be the formation of a channel in which gold is currently sitting near the bottom.... ready to move up.

AfterMidnight

Look for a turn around here.

AfterMidnight

Opinions? Comment Below.

AfterMidnight

Looking for a move down back into the down channel from Mid September. Could get a small bounce but Ideally it would go towards the bottom of this years uptrend channel and then continue.

AfterMidnight

Currently riding channel one down. Looking for a bounce at the bottom of channel two, which is the up channel from July. If we break that to the downside, we could take channel 3 down to new lows. Trade Safe. AM

AfterMidnight

Currently in the middle of the uptrend for the year as seen by the dotted lines. If we bounce here then we can head up to the mid-term uptrend zone of 1290 as seen by the solid uptrend channel. If not then we fall to 1245-1255 zone

AfterMidnight

Looking like we have some people who want to relive 2011. Gold opened up in the 1270 zone just to have it smashed all the way down to around 1263 last night. It is currently sitting on the bottom of the mid-term up channel from the beginning of the month. 1260 should be a good support zone as you can see here. This would be a good place to buy with tight stop...

AfterMidnight

Expect sideways movement heading into the weekend unless some major event occurs. Looking like 1260 is good support based on upward trend bottom channel and the tops of March 27th and April 4th. If gold breaks to the upside, the next resistance could be around 1278. If that breaks then we can expect to fill the gap from the 24th and continue the upward move....

AfterMidnight

Wolfe Wave pattern - Look for price to fall out of the pink channel to the #5 area. Target is the yellow line near #6 area

AfterMidnight

Based on historical patterns after FOMC meetings announcing a rate hike, I expect First Majestic Silver to drop around 20%. This could be anywhere from 1 week to immediately after the FOMC meeting on March 15th, 2017. Influencing factors that would change this target: DXY losing strength Low GDP numbers from last week.