This the pattern is called Anti Shark, yes it is bearish even the stock market will go down also !
Weekly chart showing pattern incomplete, price may reach to $1733.. watch UGLD !
Gold (Monthly) Structure seems to suggest near term resistance at diagonal FIB TL, yet to be seen. #GOLD $GC_F $XAUUSD $GLD $UGLD $DGLD #swingtrading
Cleaned this up a bit. Gold (Monthly) near term res diag FIB TL, yet to be seen. #GOLD $GC_F $XAUUSD $GLD $UGLD $DGLD #swingtrading
Gold monthly offering a decent risk reward to bulls here. $XAUUSD $GLD $GC_F $GLD $UGLD $DGLD #Gold #Chart
There is a H&S developing that I've been tracking but the right shoulder looks ugly due to the FUD of the TradeWAR...but it still want to complete its full right shoulder...which now has developed into a rising wedge..with decreasing volume and RSI fluttering at the top...as the title states "the drop is imminent in gold" time to buy $DGLD or $DUST
Gold hit historical resistance and came off hard again. In channel with Price Targets in Play. $GLD $UGLD $DGLD #Gold Historical resistance held EVEN in a non time cycle peak (which is a big deal for algorithmic chart modeling nerds like myself). We would expect resistance to break easily to upside unless it is at a time cycle peak resistance test. So this is...
ABC pattern on gold, GOLD is doing a bullish flag at the moment. Trade at your own rifk!
After so long, i can't believe im bull on gold. Trade at your own risk.
Using the GOLD downtrend to get an edge. Trade at your own risk!
I have reviewed using DGLD & DSLV as a hedge against holding PMs during a decline period. I would appreciate any comments on why this might be a poor choice over 3 to 6 months. I know there are decay factors, but moving in and out of physical carries fees and premiums, so selling and re-buying also has a cost. Thank you in advance for any constructive input! Pixel
I have reviewed using DGLD & DSLV as a hedge against holding PMs during a decline period. I would appreciate any comments on why this might be a poor choice over 3 to 6 months. I know there are decay factors, but moving in and out of physical carries fees and premiums, so selling and re-buying also has a cost. I know NUGT/JNUG and DUST/JDST are often good...
Do not pass Go. Do not collect $200 Gold is doomed on the next 3~5 years ahead. A break of descending triangle and the long term uptrend is a dead giveaway. Many more tears waiting to be shed by the die-hard gold bugs. We've not seen a true capitulation for more than 2 decades. Going long via DGLD (3x inverse gold), DUST right now gives perfect opportunity to...