ladies and gentlemen Once the gold breaks through the level of 1810, we will see a big jump to the level of 1850
BUY RECOMMENDED ON XAUUSD WITH A HIGH VOLUME BREAKOUT ABOVE PATTERN NECKLINE AT $1745. TAKE PROFIT $1819 AMEX:JNUG AMEX:GDXJ TVC:GOLD AMEX:JDST AMEX:NUGT AMEX:GDX
Providing update to my previous chart. Gold has now completed an inverse head and shoulders pattern and we're expecting the bullish momentum to continue.
BULLISH PATTERN FORMATION ON XAUUSD PAIR AMEX:JNUG AMEX:GDXJ AMEX:GDX AMEX:NUGT
ZOOMING IN ON PREVIOUS JUNIOR GOLD MINING TECHNICAL ANALYSIS
As markets continue to see headlines about delayed negotiations for the China and U.S. tariffs, gold continues to be stuck in what seems to be a longer term daily bull flag-- declining channel-- making well enough defined lower-highs and lower-lows. My downside target this week for gold is 1448, where I expected gold to react off of the previous resistance now...
XAUCAD was overbrought, possible breakdown?
Just completed a 4h correction. Structurally on Daily we could have WXY. Nice Reward Risk trade setup oppotuninity
WE expect US dollar to fall and the bond market to be propped up to force money into stocks and push stocks higher If gold falls --> Dollar go up --> the whole world falls in terms of fiat purchasing power --> Chaos Will they kill paper gold once and for all and make the world's fiat burn? Phenix rises? Debt has risen since 2011 why has gold and silver gone...
We have been wrong about how far they are willing to take the world down the shit hole once again just to surpress gold in $ Buyers should come in here Hard to justify a sell Crazy divergence daily RSI US dollar craziness 10/30 spread craziness Stock market will not make new gains if gold continues to fall either They have to make up their minds now --> FED
XAUCAD has been moving inside an upward channel since Jun 2013. If you measure in CAD, gold has been in a slow bull market for the past 4 years. Remember in early July 2017, XAUCAD hits channel support and immediately bounced back up. The long term structure still holds. This is almost the same situation as 1 year ago, which was described in my linked trade...
XAUCAD has been moving inside an upward channel since Jun 2013. If you measure in CAD, gold has been in a slow bull market for the past 4 years. Prior to this time, the channel support was hit 4 times, in Dec 2013, Dec 2014, Dec 2015, and Dec 2016. (Coincidence?) Now 2 weeks ago in early July 2017, XAUCAD hits channel support again, and immediately bounced back...
To understand the potential move in gold FX_IDC:XAUUSD post-FOMC we need to take a look at this chart of FX_IDC:XAUCAD .
Everybody throws up charts of FX_IDC:XAUUSD , so let's take a look at FX_IDC:XAUCAD . What do you see preFOMC? I see a solid uptrend.
HI Folks There is a good setup on USDCAD first showing a strong pattern indicating this is a retracement in a bearish trend. As you might know USDCAD correlates expetionally well on the montly gold has been very straight bullish since January however It'll be better for Gold to find support either around 1.26000 or much further depending on your trading style and...